US equities are broadly lower, but it certainly doesn’t merit any hysteria. VIX has picked up… if only to the 16s.
sp’60min
VIX’60min
Summary
Bulls can argue we’re just back-testing old resistance… now support… in the 6080s. I’m looking for an OPEX pin around 6100.
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notable stock: AMZN
Very consistent s/t downside. Cyclically very low.
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notable weakness: CCL
I see Carnival raised $1bn via debt yesterday.
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notable nuclear stock: SMR
Yours truly is back aboard from psy’ $20.00 precisely.
I’m rather pleased… having been patient from the $28s.
I’m open to another few days lower, but still… $20 looks pretty good.
Basic upside target is $25.
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notable trans: DAL
Background chatter on DEI pilots can’t be helping.
Cyclically low, but I can think of a few hundred superior stocks.
Time for lunch