savage-notes

A collection of 403 posts

savage-notes

Morning Market Notes 09-10-26

Market Calendar $SPX & $QQQ Tech getting hit again premarket. QQQ down 1.12% and leading lower, SPY off 0.43%, DIA and IWM down 0.24% and 0.53%. VIX bid up almost 6% to 17.4, and SPX carries a 1.03% implied move into a PPI open.

savage-notes

Morning Market Notes 09-09-26

Market Calendar $SPX & $QQQ Red across the board premarket after the Dow dropped 600 points yesterday. SPY off 0.35%, QQQ down 0.54% and leading lower, DIA and IWM both off 0.6%. VIX bid again, up 4% to 16.4, and SPX opens with a full 1%

savage-notes

Morning Market Notes 09-08-26

Market Calendar $SPX & $QQQ Quiet tape after the long weekend. SPY off 0.13% premarket, QQQ up 0.23% and sitting right on its 720 Call Wall, DIA the laggard at down 0.61%. VIX bid up 6% to 15.4 with the index barely moving. Somebody is paying

savage-notes

Morning Market Notes 09-04-26

Market Calendar $SPX & $QQQ NFP just blew the number out: 162K jobs versus 53K expected, unemployment steady at 4.1%, wages up 0.3% on the month, and June and July revised up a combined 55K. Futures barely blinked. SPY 771.86 down 0.17% premarket, QQQ up 0.

savage-notes

Morning Market Notes 09-03-26

Market Calendar $SPX & $QQQ Bulls finally got a green close yesterday, snapping the three-day slide, and the overnight is trying to hold it. SPY 766.66 up 0.20% premarket, QQQ flat at 709.59, VIX down to 15.1 from 16 handles two days ago. The Iran

savage-notes

Morning Market Notes 09-02-26

Market Calendar $SPX & $QQQ Third day of the Hormuz tape and the selling is finally tired. SPY flat premarket at 762 after the Dow bled 400 points yesterday, QQQ off 0.18%, VIX easing back to 16.2. ADP just printed 38K, the weakest since January, and futures barely

savage-notes

Morning Market Notes 09-01-26

Market Calendar $SPX & $QQQ September opens the same way August closed, risk-off. QQQ down 1.18% premarket and SPY off 0.62%, already trading under the 765 Put Wall. VIX bid up 7% to 16. Second straight day the protection bid shows up before the cash open. It&

savage-notes

Morning Market Notes 08-31-26

Market Calendar $SPX & $QQQ Month-end opens risk-off. The US and Iran traded strikes over the weekend for the first time since July, oil ripped 3%, and the protection bid is back: VIX up 6.6% to 15.38 premarket. SPY off 0.37%, QQQ down 0.32%

savage-notes

Morning Market Notes 08-28-26

Market Calendar $SPX & $QQQ Quiet tape into a loud morning. SPY is flat at 771, QQQ off 0.17% after yesterday's chip-fueled rip, and VIX is asleep at 14.5. Nobody is paying up for protection ahead of the biggest Fed speech of the year. That&

savage-notes

Morning Market Notes 08-27-26

Market Calendar $SPX & $QQQ The AI trade got its green light last night. QQQ up 0.87% premarket and already trading through the 715 Call Wall. SPY up 0.29%. VIX down to 15 with vol sellers stepping right back in. Yesterday's nervous tape is gone. This

savage-notes

Morning Market Notes 08-26-26

Market Calendar $SPX & $QQQ Quiet premarket tape with a nervous undertone. QQQ down 0.36% and back under its 710 key level, SPY off 0.12% and parked right on the 765 Put Wall. VIX bid up to 15.7. Nobody is adding risk this morning, and for good

savage-notes

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&

savage-notes

Morning Market Notes 08-24-26

Market Calendar $SPX & $QQQ Red to start the week. QQQ down 0.57% premarket and sliding under 710, SPY off small at 764 and already trading just below its 765 Put Wall. VIX up 5% and knocking on 16. Protection is getting bought before the bell. Blame Washington for

savage-notes

Morning Market Notes 08-21-26

Market Calendar $SPX & $QQQ Green across the board premarket. QQQ up 0.74% and already trading through the 715 Call Wall. SPY up half a percent at 766, sitting on top of its own 765 Call Wall. VIX down 3.5% and back in the mid-15s. The vol

savage-notes

Morning Market Notes 08-20-26

Market Calendar $SPX & $QQQ The bond rally lasted exactly one day. Yields snapped right back this morning, the 10-year up over 5 basis points to 4.70 and the 30-year back near 5.25, and equities handed the entire Wednesday bounce back with them. SPY off 0.

savage-notes

Morning Market Notes 08-19-26

Market Calendar $SPX & $QQQ Treasury moved the tape at 8:31. They are doubling the size of long-end buyback operations, from a $2 billion max per op to at least $4 billion, starting September 9. The long end caught a bid instantly, the 10 year dropped from 4.

savage-notes

Morning Market Notes 08-18-26

Market Calendar $SPX & $QQQ Tech is the one taking it this morning. QQQ down 1.30% and already pressing the 720 Put Wall, SPY off 0.47% and back under 770. DIA is barely down 0.14% and IWM off 0.37%, so the damage is concentrated in one

savage-notes

Morning Market Notes 08-17-26

Market Calendar $SPX & $QQQ Quiet tape, loud vol. SPY is dead flat at 776 and QQQ is up 0.19%, but DIA is off 0.34% and IWM is down 0.35%. VIX is the tell, bid up 5.68% to 15. When the indexes go nowhere and protection

savage-notes

Morning Market Notes 08-14-26

Market Calendar $SPX & $QQQ Retail sales just came in ugly, down 0.6% against a +0.1% consensus, and the tape shrugged. SPY flat at 778 premarket, QQQ up 0.22%, VIX sub-15 and drifting lower. A consumer miss that gets bought tells you this market only cares

savage-notes

Morning Market Notes 08-13-26

Market Calendar $SPX & $QQQ PPI morning and the tape barely blinked. SPY up 0.18% premarket, QQQ dead flat, VIX drifting lower at 14.5. The bid is showing up in the Dow and small caps instead, both up around 0.3%. That's rotation, not risk-off.

savage-notes

Morning Market Notes 08-12-26

Market Calendar $SPX & $QQQ CPI morning and the print came in friendly. QQQ up 0.81% premarket, SPY up 0.32%, VIX bleeding back to 15.2. Tech is leading before the cash open. The catalyst is July CPI. Headline came in at 0.1% on the month with

savage-notes

Morning Market Notes 08-10-26

Market Calendar $SPX & $QQQ Flat tape to start a loud week. SPY off 0.08% premarket, QQQ down 0.13%, IWM lagging at -0.30%. VIX up 3.5% to 15.4 while the indices do nothing. Protection is getting bought before the open, and that tells you where

savage-notes

Morning Market Notes 08-07-26

Market Calendar $SPX & $QQQ Payrolls whiffed hard and the tape loves it. The economy shed 23K jobs in July against an 80K estimate, June got revised down to just 20K, and unemployment still fell to 4.1%. Soft wages too. The market is reading all of it as rate

savage-notes

Morning Market Notes 08-06-26

Market Calendar $SPX & $QQQ Tech getting sold premarket. QQQ down 0.62% while SPY holds green up 0.10% and the Dow keeps printing record closes. VIX is sitting at 16, barely bid even with tech red. No real reach for protection yet. Same story all week: AI names

savage-notes

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