US equities are choppy. The two leaders – Trans/R2K, have both broken new historic highs.
sp’60min
VIX’60min
Summary
I’d not expect much other than chop all the way into the long weekend.
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notable stock: NKE
Sporadic cooling. The bold will be buying on the premise of a m/t breakout >70.
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notable stock: AMD
Helped by good earnings from TSM
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notable trans: UAL
Powering upward with the sector.
S/t structure is a bull flag.
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notable fin: MS
Earnings were good…
EPS $2.68 vs 2.41est. Rev’ y/y +10.3% to $17.9bn vs 17.8est.
The new historic high is justified.