wallstsavage

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

savage-notes

Morning Market Notes 08-04-26

Market Calendar $SPX & $QQQ Green across the board again. The tape wants higher: DIA up 1.30% leading premarket for the second straight day, QQQ up 1.10%, SPY up 0.36%, IWM up 0.50%. VIX is 15.62 and bleeding lower, and the S&P is

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