Key events, in time order
Rising yields and new Iran sanctions dampen risk appetite
July CPI MoM +0.1%, YoY +3.4%; Core CPI MoM +0.2%, YoY +2.5%, all matching forecasts, shaping Fed policy expectations.
US officials say Trump patient on Iran standoff, prioritizing Strait of Hormuz shipping, easing geopolitical risk for equities.
Stocks pause after stellar August start; SPY leads QQQ YTD
Trader Minervini covered half SPY short yesterday, rest this AM at low single-digit loss; adding longs
Trump's latest remarks ease geopolitical tensions, affecting risk appetite
Fed left rates unchanged; Treasury yields climbed; institutions sold into strength; major indexes finished near session lows
VIX 18.58 not panic but not sleepy; HY OAS 2.79% shows underlying stress
Technical rebound above key average, with retail-driven inflows, while futures dip on tech earnings and Iran tensions
Pilot covers MSFT, QQQ, SPY; formal program set for October, impacting settlement infrastructure
CPI YoY 3.5% vs 3.8% forecast, core 2.6%, futures up, stocks close higher
Iran-Trump rhetoric clash; some see selloff as buying opportunity
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The S&P 500 ETF ($SPY) is testing old highs, with unusual overnight trading patterns suggesting trader anxiety. Some large buyers are accumulating positions.
Main discussion
Traders seem anxious to hold overnight all of a sudden. $SPY has closed in the bottom half of its range almost every day for two weeks. Very unusual. It's never happened so close to a high. https://t.co/E6vQ2eCxEn
The S&P 500 $SPY is putting the old highs and aVWAP to the test 👀 https://t.co/x4J4uHwv4y
Someone big has been secretly loading up for the next move on $SPY 🚨 Watch Now: https://youtu.be/5W2h9QSUWvw https://t.co/krm7lJVSOV
Next Week's Implied Ranges $SPX Implied Range: 7,753 - 7,595 $SPY Implied Range: 773.64 - 757.80 $QQQ Implied Range: 725.21 - 701.67 $IWM Implied Range: 304.21 - 295.71
Happy Saturday, I am taking Gex map requests. You can expect a price chart along with it with commentary. Drop some tickers! $SPY $QQQ
RT @Marlin_Capital: Hedge funds have de-risked at a historic pace in Q3. It is the largest de-leveraging since COVID. $SPY $QQQ https://t…
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Facts and opinions separated · All items sourced · Not investment advice
