US equities open on a positive note, helped by lousy employment data. VIX has fully filled a legacy gap.
sp’60min
VIX’60min
Summary
Headline: -23k vs 20K (revised from 57K)
Rate: 4.1% vs 4.2% prior
Lousy numbers, but it does mean less probability of a rate hike in Sept’.
Personally, I still expect a hike.
The s/t cyclical setup favours the bulls into next week.
Broadly… net bullish into mid Sept’ to the foldable iPhone
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notable stock: TTWO
Earnings were mixed…
EPS 35cents vs 33est. Rev’ y/y -2.6% to $1.38bn vs 1.41est. After waiting for THIRTEEN years, GTA VI (due November) had better not be woke.
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notable stock: ABNB
Earnings were better than expected…
EPS $1.37 vs 1.25. Rev’ y/y +16.5% to $3.60bn vs 3.57est
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notable strength: TSLA
Yesterday’s hollow red reversal candle played out.
Daily momentum has turned positive
Teal gap is basic target
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notable stock: SPCX
S/t bullish… so long as the $104s hold
Yesterday’s bullish engulfing candle played out