US equities open broadly lower, with the two leaders – Trans/R2K, leading the way down. VIX 18s… due a foray above the key 20 threshold. USD is -0.5% at 99.51.
sp’60min
VIX’60min
Summary
We’re arguably in a multi-day cooling wave, that might drag out into next week.
The cautious won’t be buying anything until we’re at least around 5800, and I’d note the 200dma in the 5760s.
Yours truly is mostly just looking to buy back XRP from <$2.20.
Across the long weekend, I’ll consider if I want to buy anything equity related… next Tues’.
NEWS: I see Xi of China is upset with Trump’s Golden Dome, seeing it as having ‘Strong offensive implications’.
On this… I’m with Trump. I’ve long believed there should be a planetary missile defense system… something that could at least deal with a couple of ‘rogue’ launches from ‘Dr Evil’.
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notable stock: TGT
Earnings were mixed at best…
EPS $1.30 vs 1.64est. Rev’ y/y -2.8% to $23.85bn vs 24.32est. A double miss. Guidance cut, with Target warning ‘tariffs remain a headwind’ The annual decline in sales isn’t exactly a surprise… as the consumer is BROKEN
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notable weakness: PANW
Earnings were good, but the market still isn’t satisfied…
EPS 80cents vs 77est. Rev’ y/y +15.3% to $2.29bn vs 2.28est. Positive guidance
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notable Dow component: UNH
Those buying yesterday… are being reminded this stock remains m/t horror.
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notable stock: TTWO
$1bn secondary offering… to help pay to finish GTA VI ?