Morning Market Notes 07-07-26

Market Calendar

$SPX & $QQQ

The semis that carried yesterday's rip are getting sold. An overnight chip selloff in Asia has QQQ down 0.93% premarket, creating a gap at 718.45 and sitting right on its 715 Put Wall. It's rotation, not risk-off. The Dow and small caps are green, SPY's barely off at 750, and the VIX is still under 16.

QQQ's line is simple. Defend the 715 Put Wall or the door opens to 710.

Let's have a sesh.

This old Soldier is at $82K and counting

You read the morning analysis. Blu reads the same notes, then he watches the real-time flow confirm the setups and stacks payouts toward a $100K month. That's the difference between reading about the move and being in it.