Morning Market Notes 08-04-26

Market Calendar

$SPX & $QQQ

Green across the board again. The tape wants higher: DIA up 1.30% leading premarket for the second straight day, QQQ up 1.10%, SPY up 0.36%, IWM up 0.50%. VIX is 15.62 and bleeding lower, and the S&P is knocking on all-time highs after Monday's tech-led rip.

The driver is momentum plus relief. Big tech earnings keep beating, the Iran de-escalation trade is still leaking out of crude, and every dip is getting bought. Macro today is light but not empty: trade balance at 8:30, factory orders and JOLTS job openings at 10, then Kansas City Fed's Schmid speaks tonight at 8:15. JOLTS is the only print with real tape-moving potential.

SPY opens right on the 760 Call Wall after dealers rolled it up from 750 overnight. Same setup as yesterday, one strike higher. If flow chews through 760 early, the walls keep rolling and the grind-up continues. If it stalls, positive gamma up here means pin and chop, not crash. QQQ is sitting at 707.75 with the 710 Call Wall overhead and the 700 Put Wall as the floor. SPX implied move is 0.99%. Watch the flow at the walls, that's the whole game today.

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.