US equities remain in minor chop mode, still tending to lean on the positive side. VIX is churning around 21.00, as the mainstream remain very comfortable. USD remains weak, -0.4% at DXY 90.71.
sp’60min
VIX’60min
Summary
Chop chop…. leaning a touch higher.
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notable stock: MRVL
Marvell Tech’ has earnings in AH, and those should be fine, with a positive outlook. The s/t cyclical setup isn’t great.
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notable stock: SWBI
Smith & Wesson has earnings in AH, which should be superb, as Americans continue to stock up on weaponry… in prep’ of the possibility of a civil war. Cyclically low.
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notable stock: DOCU
Docusign has earnings in AH, which should show further improvement. Cyclically on the higher side, but no sign of a turn.
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notable stock: BA
A very bullish day for Boeing, having cleared the June high. The door is open to the stratospheric $280s, which IS viable before year end.
back at the close…