US equities open on a choppy… if positive note. The ‘old leader’ – Transports, is +1.7%, if somewhat skewed by UAL. VIX has already been ground to the 18s
sp’60min
VIX’60min
Summary
Well, I’d be open to indexes turning red, but teal gap should be tagged sooner or later. I still think 7K is viable before end month.
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notable stock: NFLX
First, lets be clear… earnings AND guidance were fine.
However, Mr Market has still managed to wash out the $82 stops (in pre-market), which will annoy many. The stock remains m/t bearish, with natural target of $70
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notable semicon: INTC
New cycle high. S/t buyers ahead of earnings, due Thurs’ AH
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notable trans: UAL
Earnings were good, and the stock is justly higher.
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notable nuclear: SMR
Trump nuclear comments.
I didn’t make it ‘stock of the day’ last evening for no reason.
Big target is the 200dma… around $30