Morning Market Notes 08-05-26

Market Calendar

$SPX & $QQQ

Green again this morning. SPY up 0.48% premarket after another record close, DIA up 0.44%, IWM up 0.28%, QQQ up 0.19% and lagging a touch. VIX is 16.83 and actually bid, up 2% on a green tape. The grind higher keeps grinding.

ADP just printed 44K jobs against 75K expected, a clear miss, and the tape barely blinked. Soft labor data keeps the rate-cut trade alive, earnings keep beating, and the US-Iran headlines are still leaning friendly, so every dip keeps getting bought. Rest of the macro day: services PMI at 9:45, ISM services at 10. We'll see if ISM can knock this tape off its highs.

SPY opens parked right on the 775 Call Wall after dealers rolled it up from 760 overnight. SPX implied move is 1.02% for us index traders.

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.