Morning Market Notes 08-25-26

Market Calendar

$SPX & $QQQ

Green across the board this morning. QQQ up 0.78% premarket at 711 and back on top of its 710 Call Wall, SPY up 0.37% and sitting above its own wall at 765. VIX flat at 15.8 and showing zero interest in yesterday's sanctions drama. The Monday dip got bought before most of us finished our coffee.

Falling yields are doing the heavy lifting. The 10-year shed another 3 bps to 4.66% and tech is eating it up, with money rotating back into chips to front-run tomorrow night's AI earnings print. That's why QQQ is leading SPY again. Both indices opening above their Call Walls usually means a sticky, grindy tape up here, we'll see if the bid survives the 10 am data.

Macro morning is light: Case-Shiller at 9, then New Home Sales and Consumer Confidence at 10. The real fireworks are still ahead, July PCE and the NVDA print land tomorrow, then Jackson Hole kicks off Thursday.

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.