11am update – morning chop

US equities are choppy.

sp’60min

VIX’60min

Summary

Net bearish, and perhaps this will drag out into early Friday.

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notable restaurant: CAVA

All the food outlets are getting hit today.
Annual EPS 50cents….  FPE 120.
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notable weakness: GOOGL

Yesterday’s bearish engulfing candle played out.
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notable air taxi: JOBY

EPS -25cents vs -23est. Rev’ y/y +257.5% to $38.6M vs 30.3est.

 

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notable space: RKLB

Another attempt to break/hold >200dma
The cautious will be waiting