11am update – morning chop

US equities are still clawing upward, with the VIX having been ground into the 14s.

sp’60min

VIX’60min

Summary

Hourly RSI.. 75s… as we’re very overbought.


notable chemical stock: DOW

Earnings were garbage… EPS -42cents vs -12est. Rev’ y/y -7.4% to $10.10bn vs 10.25est. Cuts dividend by 50%

notable stock: AAPL

A tough battle continues… to hold s/t rising trend.

notable air taxi: ACHR

Just s/t cooling… with momentum set to turn negative.
Even the bold… will be waiting until Oct’.

notable space: RKLB

Momentum due to turn negative next Mon/Tues’.