savage-notes Morning Market Notes 08-03-26 Market Calendar $SPX & $QQQ Risk-on open to kick off August. Everything is green premarket. DIA up 1.12% leading the tape, IWM up 0.88%, SPY up 0.51%, QQQ dragging at 0.17%. VIX is sitting at 16 and not backing off on a green tape, protection
savage-notes 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
savage-notes Morning Market Notes 07-30-26 Market Calendar $SPX & $QQQ The Fed Day dip didn't even survive the night. QQQ is up 2% premarket, SPY up 0.64%, and VIX just got smoked, down 7.65% to 19. The Fed held like everyone expected, but three members dissented in favor of a hike
savage-notes Morning Market Notes 07-29-26 Market Calendar $SPX & $QQQ It's FOMC day. Iran resumed strikes on US forces overnight, crude ripped more than 3%, and the tape barely blinked. SPY and QQQ are flat premarket while the Dow lags, off 0.60%. VIX is bid at 18.6 but nobody is reaching
savage-notes Morning Market Notes 07-28-26 Market Calendar $SPX & $QQQ Split tape this morning. Dow futures are up almost 1% on blowout DJI names' earnings while QQQ bleeds 0.74% premarket and is already trading under the 680 Put Wall. Semis are the drag again, the chip complex is down another 3% and pulling
savage-notes Morning Market Notes 07-27-26 Market Calendar $SPX & $QQQ Full risk-on reversal this morning. The US and Iran hit pause on the Red Sea attacks over the weekend and crude got smoked, Brent down 13% and back in the mid-80s after last week's run through $100. Everything the oil spike
savage-notes Morning Market Notes 07-24-26 Market Calendar $SPX & $QQQ Yesterday's flush closed ugly. SPX bled 1.21% and the Nasdaq dropped over 2% after oil punched through $100 on the Red Sea tanker attacks and the AI capex sticker shock out of megacap earnings spooked the growth trade. This morning the tape
savage-notes Morning Market Notes 07-23-26 Market Calendar $SPX & $QQQ Tech is getting smoked again premarket. QQQ down 1.27% and trading under the 700 Put Wall, SPY off 0.92% and sitting right on its own Put Wall at 740. VIX bid up almost 14% to 19. Big Tech earnings did the damage overnight.
savage-notes Morning Market Notes 07-22-26 Market Calendar $SPX & $QQQ Tech is the weak spot premarket. QQQ off 0.90% and trading under the 705 key level while SPY hangs in better, down 0.31%. VIX is bid near 3% and oil is doing the damage. Brent punched through $92 overnight after another round of
savage-notes Morning Market Notes 07-21-26 Market Calendar $SPX & $QQQ Tech is doing the heavy lifting premarket. QQQ up 1.35% and already trading through the 700 Call Wall, SPY up 0.41%, VIX crushed 4% to the high 17s. Semis are the story again, the memory complex ripped overnight and Korea's chip-
savage-notes Morning Market Notes 07-20-26 Market Calendar $SPX & $QQQ Friday's washout is getting faded. QQQ up 0.96% premarket at 702, back above 700 after spending Friday trading under it. SPY up 0.45%, VIX crushed 3.7% back to 18, but still high. All this with the US and Iran trading
savage-notes Morning Market Notes 07-17-26 Market Calendar $SPX & $QQQ Tech is getting smoked again premarket. QQQ down 1.86% and already trading under the 700 Put Wall, SPY off 0.91%, VIX bid up 11% into the mid 18s. Yesterday's chip complex de-risking turned into a full washout overnight as the
savage-notes Morning Market Notes 07-16-26 Market Calendar $SPX & $QQQ VIX bid up almost 5% into the mid 16s. Yesterday's tape looked fine on the surface, but the chip complex was getting sold into strength all session, and that de-risking is spreading this morning. The setup is simple: both indices are pressing
savage-notes Morning Market Notes 07-15-26 Market Calendar $SPX & $QQQ The VIX is bleeding again, down 2% into the low 16s. PPI was the morning test, consensus wanted the monthly print negative after last month's hot 1.1%, and the first reaction off the 8:30 release isn't scaring anyone. The
savage-notes Morning Market Notes 07-14-26 Market Calendar $SPX & $QQQ CPI morning and the tape already picked a side. QQQ is up 1.3% premarket and trading through its 720 Call Wall, SPY is up 0.4% sitting on top of the 750 Call Wall, and VIX is getting crushed, down 3.4% into the
savage-notes Morning Market Notes 07-10-26 Market Calendar $SPX & $QQQ Two straight up days and the tape's catching its breath. SPY flat premarket, QQQ off 0.35%, VIX asleep under 16. The story this morning is the year's biggest chip IPO hitting the Nasdaq, priced at a premium into what one
savage-notes Morning Market Notes 07-09-26 Market Calendar $SPX & $QQQ The ceasefire is officially dead. Fresh US strikes on Iran overnight, Tehran answering at Gulf targets, crude bid again, but the tape doesn't care. The AI trade is carrying risk for a second straight day: QQQ up 0.90% premarket with semis bid
savage-notes Morning Market Notes 07-08-26 Market Calendar $SPX & $QQQ The Iran ceasefire is crumbling and the tape knows it. Trump called it off overnight as fresh strikes started flying, crude ripped 6%, and the VIX is bid up 8% pushing 17.5. Everything's red premarket. QQQ off 0.75%, SPY down 0.
savage-notes Morning Market Notes 07-07-26 Market Calendar $SPX & $QQQ The semis that carried yesterday's rip are getting sold. An overnight chip selloff in Asia has QQQ down 0.93% premarket, creating a gap at 718.45 and sitting right on its 715 Put Wall. It's rotation, not risk-off. The
savage-notes Morning Market Notes 07-06-26 Market Calendar $SPX & $QQQ Back from the long weekend and tech is ripping. QQQ up 1.26% premarket and already trading through the 715 Call Wall. Semis doing the heavy lifting after leading last week's run. SPY up 0.45% at 748, tucked right under its own
savage-notes Morning Market Notes 07-01-26 Market Calendar $SPX & $QQQ First session of the second half and the tape's opening soft. QQQ's the laggard, down 0.90% premarket, SPY off 0.30%, and the VIX is bid back over 2% toward 17. Nothing violent, just tech bleeding a little after Q2
savage-notes Morning Market Notes 06-30-26 Market Calendar $SPX & $QQQ Quiet tape into quarter-end/EOM sesh. SPX is sitting at 7440, glued right under its 7450 Call Wall. SPY's flat at 740, QQQ flat at 723, and the VIX is doing nothing at 17.69. No premarket drama, just a coiled market
savage-notes Morning Market Notes 06-24-26 Market Calendar $SPX & $QQQ QQQ's leading the bounce, up 0.54% and pressing right into its 720 Call Wall. SPY reclaimed its 730 Put Wall, up 0.33%, and the Dow's tagging along. The VIX: down almost 3% and back under 19 after spiking over
savage-notes Morning Market Notes 06-23-26 Market Calendar $SPX & $QQQ Risk-off open and the tape's leaking before the bell. Tech's getting smoked premarket. QQQ down 2.96% and already trading under its 735 Put Wall. SPY off 1.41%. But the Dow's barely scratched, DIA only down 0.
savage-notes Morning Market Notes 06-22-26 Market Calendar $SPX & $QQQ Fresh week, fresh tape and first session back after the long weekend. Don't get cute with the green: SPY's up 0.09%, QQQ +0.14%, but VIX is bid 4% back to 17. Indexes ticking higher while protection gets paid is
