Morning Market Notes 07-31-26

Market Calendar

$SPX & $QQQ

Second green morning in a row to close out July. This is your EOM sesh. QQQ is up 0.84% premarket and pressing right into the 690 Call Wall. SPY up 0.21%. VIX parked at 17 after getting smoked yesterday.

The driver is the same story as yesterday: another Mag7 name blew out its cloud numbers overnight and is ripping double digits premarket, so the AI spend trade keeps getting confirmed by real earnings. Two straight nights of beats from the biggest names in the index and the Fed Day dip is fully erased. It's also the last trading day of the month, so watch for some rebalancing moves in the tape. Or, how I like to call it, EOM flows.

QQQ opening on top of its own 690 Call Wall is the tell. If flow chews through it the rally has legs, if it stalls there we chop into the weekend. Macro day is light: Employment Cost Index at 8:30, Chicago PMI at 9:45, and final Consumer Sentiment 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.