US equities open on a positive note, but the gains are shaky, as the market is s/t cyclically high. Some cooling (if choppy) could be expected ahead of the weekend. The wild card remains… any sporadic stimulus news headlines.
sp’60min
VIX’60min
Summary
*note the equity black candle from what is s/t descending trend, with a mirror red reversal in the VIX.
A positive open, but we already the Nasdaq turning red, and it won’t take much for the others to follow. VIX is poised, a weekly settlement >30 would really spice things up.
–
notable stock: INTC
Headline EPS/Rev’ was good, but the market is annoyed with data center rev’ which was -7%. Maybe the company just needs to increase the buyback?
–
notable financial: AXP
Earnings were lousy, as travel/tourism continues to remain subdued. This should get kicked out of the Dow, and replaced by Paypal.
—
notable miner: TECK
A report that earnings (due early Oct’27th) will total 25cents.
—
notable mining ETF: GDX
Miners continuing to struggle, as momentum has turned negative.