Morning Market Notes 07-28-26

Market Calendar

$SPX & $QQQ

Split tape this morning. Dow futures are up almost 1% on blowout DJI names' earnings while QQQ bleeds 0.74% premarket and is already trading under the 680 Put Wall. Semis are the drag again, the chip complex is down another 3% and pulling Mag7 names with it for a second straight day. SPY sits flat right under the 740 Call Wall and VIX isn't flinching at 18.7. This is rotation, not fear.

The Fed kicks off its two-day meeting today, decision tomorrow at 2pm, and the market is pricing a hold. Light slate today: trade balance at 8:30, Case-Shiller at 9, Consumer Confidence at 10.

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.