US equities are choppy, if clawing upward.
sp’60min
VIX’60min
Summary
S/t equity momentum continues to swing back toward the bulls, as the setup leans positive into next week. The 7800s are clearly viable next Monday, with 8K increasingly an eventuality… whether end month or early Sept’
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notable stock: NVDA
S/t bullish… to challenge the historic $236s
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notable software: ORCL
Thursday’s hollow red reversal candle played out.
S/t structure of a baby bull flag is playing out.
Target 175/180 by mid Sept’
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notable drone: UMAC
EPS -16cents inline, and vs -32 prior yr.
Rev’ $16.7M vs 9.2est, and vs 2.1 prior yr
I’d favour ONDS, RCAT, or AVAV, KTOS
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notable miner: MP
Earnings were mixed…
EPS -1cent vs 0est. Rev’ y/y +89.0% to $108M vs 99est.
time for a light lunch