US equities open in minor chop mode, for what is arguably just bullish consolidation, ahead of a push into the 7800s. VIX is subdued in the mid teens.
sp’60min
VIX’60min
Summary
Little to add.
Underlying strength.
The only concern is oil/middle east.
–
notable stock: ACHR
Archer Aviation to buy Boeing’s Wisk Aero, Insitu, and Skygrid, gaining $200M in annual defense sales. Boeing to take (20% ?) stake in Archer.
–
notable weakness: INTC
Intel looking to raise $15bn via a secondary stock offering
—
notable health: OSCR
Cyclically.. on the low end, prone to net upside into early/mid Sept’
Recent earnings were very good.
—
notable stock: SPCX
Bullish follow though… pushing above the IPO $135s.
Next resistance is around psy’ $150