wallstsavage

savage-notes

Morning Market Notes 05-22-26

Market Calendar $SPX & $QQQ Quiet, green tape heading into the open. SPY +0.44% and QQQ +0.44%, moving in lockstep. VIX is barely awake, +0.24% and still parked under 17. This is a pre-holiday Friday. Cash markets are closed Monday for Memorial Day, so volume thins out

savage-notes

Morning Market Notes 05-21-26

Market Calendar $SPX & $QQQ Risk-off premarket the morning after NVDA. QQQ leading the slide -0.55%, SPY -0.33%, small-caps soft with IWM -0.52%. VIX catching a bid +1.55% to 17.71. Nvidia's print is in the books and the tape's still digesting

savage-notes

Morning Market Notes 05-20-26

Market Calendar $SPX & $QQQ Risk-on premarket for NVDA day. QQQ leading +0.76%, SPY +0.47%, even small-caps showing up with IWM +0.70%. VIX getting bled out -0.78% to 17.92. This is the calm before NVDA reports Q126 after hours. Premarket bid is real but lightweight.

savage-notes

Morning Market Notes 05-19-26

Market Calendar $SPX & $QQQ Tech under pressure premarket. QQQ down 0.62% and already trading under the 705 key, working toward the 700 Put Wall. SPY off 0.35%. VIX bid up to 17.96. Risk-off tone but nothing dramatic. Feels like a slow grind lower until somebody steps

savage-notes

Morning Market Notes 05-15-26

Market Calendar $SPX & $QQQ Tech getting smoked premarket — QQQ down 1.76% and already trading under the 715 Put Wall. SPY off 1.22%, also under its 745 Put Wall. VIX bid hard, up 11.65% to 19.27. This is a de-risking OPEX morning and one way to

savage-notes

Morning Market Notes 05-08-26

Market Calendar $SPX & $QQQ Premarket bid is on going into NFP and the "peace deal" (allegedly). QQQ premarket is bullish and pinned at the Call Wall, but any disappointment squeezes hard the other way. Strong signals only. Let's have a sesh. The new 0DTHERO.com

savage-notes

Morning Market Notes 05-07-26

Market Calendar $SPX & $QQQ Not much we can say about a market that only goes up on every piece of positive news from a war that's not settled yet. More of the same, and follow the system. Let's have a sesh. The new 0DTHERO.com

savage-notes

Morning Market Notes 05-06-26

Market Calendar $SPX & $QQQ Risk-on premarket again after AMD ER beat. QQQ up 1.17% and already pushing through the 685 Call Wall toward the 690 key. SPY up 0.76%. VIX smoked -4.43% down to 16.61. Tech is doing the heavy lifting as usual with semis

savage-notes

Morning Market Notes 05-05-26

Market Calendar $SPX & $QQQ Risk-on tape into the open: QQQ +0.73%, SPY +0.46%, IWM +0.81%. VIX getting smoked -3.83%. Yesterday's protection bid is unwinding fast. Yesterday's war-news flinch is fading. Vol is dumping and SPY pushed back above the 720 call

savage-notes

Morning Market Notes 05-04-26

Market Calendar $SPX & $QQQ Quiet tape into the open — SPY -0.04%, QQQ +0.13%, indices basically pinned. The tell — VIX bid up on the war news. Light macro day — Factory Orders at 10, Williams on the wire at 12:50. So let's see if they crush

savage-notes

Morning Market Notes 05-01-26

Market Calendar $SPX & $QQQ First trading day of May after a brutal stretch — Mag7 earnings into FOMC into Q1 GDP. Now we coil. SPY +0.35%, QQQ +0.11%, and the Dow doing the heavy lifting at +0.41%. Tech taking a backseat for once and the Dow finally

savage-notes

Morning Market Notes 04-30-26

Market Calendar $SPX & $QQQ EOM session right after JPow's last FOMC Meeting as Fed chair, and four of the Magnificent 7 reporting Q4 ERs. What a time to be alive. We're gapping above 7200 SPX at the time of writing this. We also had GDP

savage-notes

Morning Market Notes 04-29-26

Market Calendar $SPX & $QQQ It's FOMC day. Powell prints the rate decision at 2p, then the presser at 2:30p. But honestly what matters comes after the close with $META $AMZN $MSFT $GOOGL ERs. There are large spreads prints around 7050 SPX, near implied bottom of the

savage-notes

Morning Market Notes 04-28-26

Market Calendar $SPX & $QQQ Tech getting smoked premarket — QQQ down 1.30% and already trading under the 660 Put Wall. SPY off 0.70%. VIX bid up over 7%. The bid for protection is showing up before the cash open. SPY has been holding it together better than QQQ

savage-notes

Morning Market Notes 04-27-26

Market Calendar $SPX & $QQQ Big earnings week ahead — and these are looking like way better catalysts than the fake news war we've been dealing with the past month and a half. Nothing materially changed in positioning since last week — Nasdaq keeps dragging these markets higher on low

savage-notes

Morning Market Notes 04-24-26

Market Calendar $SPX & $QQQ Bounce is on the tape. QQQ ripping overnight, VIX getting smoked. Tech leading the bounce — Industrials slightly down. Who's right? We wait and see what the daily flow looks like. Yesterday's bearish flows repeated, so the downside case still has legs.

savage-notes

Morning Market Notes 04-22-26

Market Calendar $SPX & $QQQ I'm calling for the beginning of a ~3% correction from the highs. Yesterday we saw the most bearish flows in a while hitting 0DTHERO notional charts, and we're here for it. If it doesn't start today, tomorrow and into

savage-notes

Morning Market Notes 04-21-26

Market Calendar $SPX & $QQQ All that matters is tonight's ceasefire deadline. Expect a range-bound, boring session — unless flow or mean tweets tell us otherwise.  Let's have a sesh. The new 0DTHERO.com is live If you've ever wondered what the flow analysis looks

savage-notes

Morning Market Notes 04-20-26

Market Calendar $SPX & $QQQ Sunday night geopolitical tension dips get bought. It's the current narrative of this market. Current, not permanent. Indices keep making new all-time highs while individuals in their majority are still far from their 52-week highs. Mag7 names are in correction or even bear

savage-notes

Morning Market Notes 04-17-26

Market Calendar $SPX & $QQQ OPEX time. The two largest strikes on the board — 7000 and 7050 SPX — are most likely the range we'll be in throughout the session. Pinning 7000 SPX seems like the obvious configuration, but it's futile to fight this market strength without

savage-notes

Morning Market Notes 04-16-26

Market Calendar $SPX & $QQQ A new ATH is set, and we'll most likely open with another one — gapping above current SPX new highs. Impressive. 7000 SPX is the big boy level for the OPEX tomorrow. So barring any new geopolitical disaster, we should pin around this area.

savage-notes

Morning Market Notes 04-15-26

Market Calendar $SPX & $QQQ We're 40-ish points from ATH (lol). Today the VIX expires and we have OPEX coming on Friday. Day by day for now, as we don't expect much more upside from here. Let's have a sesh. The new 0DTHERO.com

savage-notes

Morning Market Notes 04-14-26

Market Calendar $SPX & $QQQ SPY flow was right. And the bearish news over the weekend proved to be more of the usual smoke and mirrors. This volatility crush into tomorrow's VIX expiration now makes more sense — with the Hormuz blockades proving to be more for show than

savage-notes

Morning Market Notes 04-13-26

Market Calendar $SPX & $QQQ Mixed signals in the flow last Friday — positive flows in SPY and very bearish ones in the Mag7 and S&P equities. Negotiations didn't go through this weekend, causing the gap down overnight. We still see the bottom of the ceasefire candle

savage-notes

Morning Market Notes 04-10-26

Market Calendar $SPX & $QQQ 0DTE flows smacked any chances of a selloff yesterday — SPX rose to weekly highs on that note. There's not much left in the flow in either direction today, so we'll play it by ear. Let's have a sesh. The