Morning Market Notes 10-13-26

Market Calendar

$SPX & $QQQ

Rotation morning. QQQ off 0.69% at 740.86 and sitting right on its 740 Put Wall, while DIA and IWM are both green. SPY flat at 777.99. VIX barely moving at 15.29. SPX closed at 7807.24, and premarket has us boxed between the 7800 and 7825 key levels with 7850 weak res overhead.

Chip names are getting smoked again after Monday's selloff. Reports that China's CXMT is closing the gap on Samsung and SK Hynix in memory crushed Korea overnight, Kospi down 5.5% after being off more than 7% intraday, and that's dragging semis here with Nasdaq futures off about 0.6%. Meanwhile money is rotating into the Dow as bank earnings kick off: JPMorgan and Wells Fargo are out, Goldman and Citi report today too. Oil is cooling off, WTI down about 2% under $92, and Waller is out saying the yield spike is about growth and AI spend, not inflation. We'll see if QQQ holds 740 or the semis drag SPX through 7800 and down toward 7750.

Macro day is light: NFIB was out at 6, Existing Home Sales at 10, then the Treasury budget at 2. CPI tomorrow.

Let's have a sesh.

He almost quit. Then $100K in prop payouts.

TigerWould put in two years on options and twelve months on futures with only a few green months to show for it, and he almost walked away. Then he put the same read you get in these notes every morning next to real-time flow and pulled $100K+ in prop payouts in 2025, $65K inside his first two months as a member, $15K in the first six days of 2026. His words: "Within weeks, I wasn't chasing the market, I was in the move." Nobody hands you his numbers, but you're already doing the reading, the only thing missing is the flow.