US equities open moderately higher, but has been a rather strong downward swing. WTIC $69.95. Gold $2676
sp’60min
VIX’60min
Summary
Note the opening black candle in the SPX… stalling against the upper trend of the bearish pennant. The fact we’ve already turned red should concern the bulls.
–
notable stock: NVDA
New hist’ high. With the stock broadly flat, the option spread writers will be more happy than anyone out there. EPS 81cents vs 75est. Rev’ y/y +93.7% to $35.1bn vs 33.1est.
–
notable Dow component: MCD
Mr Market is annoyed with news of a $5 ‘McValue’ meal.
—
notable strength: SNOW
EPS 20cents vs 15est. Rev’ $942M vs 896est. Positive guidance.
$168s… massive resistance.
—
notable stock: GOOGL
Further chatter that the Feds want to force Alphabet to sell off its Chrome browser.
time to catch a sunset