US equities open in minor chop mode. VIX remains subdued in the mid teens.
sp’60min
VIX’60min
Summary
We should expect a day of minor chop, if leaning on the weaker side… just like yesterday. The only issue is Wednesday’s CPI. If its a little hot, then 7630/00 zone… before resuming upward.
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notable stock: INTC
Increasing their secondary offering from $15bn to $20bn. With the market strong, who can blame them for raising money at this time.
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notable weakness: RKLB
Earnings were mixed…
EPS -8cents vs -7est. Rev’ y/y +62.0% to $234M vs 231est
The growth is there… but its not yet profitable.
S/t vulnerable into Sept/Oct, but m/t bullish
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notable health: OSCR
S/t vulnerable. If only another 1-2 days.
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notable stock: GOOGL
Just s/t cooling… no real news behind it.
Orange gap … probably to tag early Wed’