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Another week over and a good one. Two good long winners to start. One more to buy a pullback. First good support is 52781. Support confluence: The 52,400–52,600 zone aligns with recent pivot supports, daily/weekly lows from the past few sessions, and areas where buyers have stepped in during pullbacks. A hold here (or a bounce off it) often provides a good risk/reward for intraday or short-swing longs targeting 53,000+ or recent highs. Technical backdrop: Moving averages and

Market trying to recover from the Wednesday sell off. 2 Resistance areas to consider shorts: 52725 the Daily Pivot 52899 a previous broken support. Fed Minutes: Minutes from the latest FOMC meeting (released yesterday or today) highlighted concerns over inflation risks (tariffs, energy) and labor market softening. Officials remain data-dependent with a cautious/hawkish lean from some members—no clear dovish shift. Markets are pricing limited near-term rate moves. Sector Dynam

Weak day-Iran again. Traders using political tension to take money off the table. Fundamental Picture Fed Minutes: Minutes from the latest FOMC meeting to be released today might show concerns over inflation risks (tariffs, energy) and labor market softening. Officials remain data-dependent with a cautious/hawkish lean from some members—no clear dovish shift. Markets are pricing limited near-term rate moves. Sector Dynamics: Tech/AI (chips) faced pressure from Samsung result

Trend remains up so we buy pullbacks. First good buying zone begins at 53470. Recent Momentum: Markets digested mixed but solid ISM data last week (Manufacturing 53.3, Services 54.0). Focus shifts to Fed minutes (later this week) and upcoming earnings (e.g., Pepsi, Delta). AI/tech rebound helped indices yesterday, but global chip concerns (e.g., Samsung results) are weighing on sentiment this morning. Broader Context: The Dow continues to hit records (first close above 53,000

We expect a two-way trading range today bounded by buying around 52971 and shorting around 53398. Fundamental Picture ISM Data: June Manufacturing PMI came in at 53.3 (slightly below expectations, down from 54.0), still showing expansion for the sixth month. Services PMI (released today) at 54.0 (in line with forecasts, down from 54.5). Both indicate continued moderate growth with easing price pressures (good for sentiment) but some slowdown in momentum. Employment improved m

Have a great 4th of July 250 celebration weekend. We are basically trading a 100 point range. Buying at 53073 and selling short 53166. Pay for some hot dogs and potato salad and come back Monday. Happy 4th of July 250 Trade the Range <<<<<<<<<<<<<<<<<<<<<<<<<<< DATE: 7/3/2026 TIME: 9:29 AM HIGH: 53218 LOW: 52551 CLOSE: 53183 PIVOT: 52984 SUPPORT: 52782 RESISTANCE: 53286 SWING MAGNITUDE: 99 TIME OF COMMENT: 9:29 AM COMMENT: For today's real-time trading calls enjoy

Trend is up. Only take long trades on pullbacks. First good support is 52680. Second support is 52620. Watch for flag patterns. obs Report Reaction: The June nonfarm payrolls came in very soft at +57k (well below ~110-115k expectations), with unemployment ticking to 4.2%. This softer labor market data generally supports a less aggressive Fed stance or potential rate cuts later, which is equity-positive in the near term. However, it also raises mild recession concerns if the s

Range is decreasing and today is a narrow range day, so we look for a break out. New video: Click link https://youtu.be/S5QRPxIUOKY?si=X8IBZ-XWuCtOKSgv Sentiment is mixed-to-cautious heading into the new month and a shortened week (Independence Day holiday on Friday). Key drivers: Geopolitics (US-Iran): Indirect/diplomatic activity continues in Doha via mediators (Qatar), with US envoys present but no confirmed direct high-level US-Iran meeting. Iran emphasizes conditions and

Expect wild swings today. Markets are digesting Monday’s rebound (Dow hit a record close above 52,000) amid ongoing US-Iran diplomacy and quarter-end positioning. Key elements: Geopolitics: A fragile stand-down holds after recent strikes, with conflicting signals on talks in Doha, Qatar. The US (including envoy involvement) pushes for progress on the Strait of Hormuz and broader MOU terms, while Iran denies immediate direct meetings and emphasizes its control interests. Reduc

Start the week with an uptrend. As I write this we have already completed 4 scalp trade longs. Markets are showing a cautious rebound this morning after a mixed-to-negative week for major averages, driven by a tech/value rotation and lingering macro pressures. Key factors: Geopolitics (US-Iran): A fragile ceasefire/stand-down is in place after recent exchanges of fire near the Strait of Hormuz. Both sides appear to be de-escalating for now, with technical talks expected soon

Mixed signals last day of the week with next support at 52137. Recent Context: The cash Dow closed at 51,848.90 on Thursday, June 25 (+0.35%), showing resilience amid mixed broader market action. Tech saw some recovery/rotation following strong Micron earnings earlier in the week, but overall sentiment remains cautious. Today's Drivers: Futures are down modestly (~0.15-0.25%, trading around the 52,200–52,300 zone premarket). Yesterday's core PCE (Fed's preferred gauge) came i

We start the morning plus 132. Buying pullbacks. Recent Context: The cash Dow Jones Industrial Average closed at 51,848.90 on Wednesday, June 24 (+0.35%), outperforming the broader market amid tech weakness earlier in the week. The index has shown resilience thanks to its value and industrial composition during rotation away from high-growth tech/AI names. Today's Drivers: Futures are trading modestly higher (around the 52,300–52,400 zone premarket, up ~0.2–0.3%). Key positiv

Narrowing range day to start. The Dow E-mini September contract (YMU26) is showing mild positive premarket action this morning, June 24, 2026. Fundamental Picture Recent Context: The cash Dow closed at around 51,667 on Tuesday, June 23 (-0.09%), displaying relative resilience amid a broader tech-led selloff. The Nasdaq and S&P took sharper losses (Nasdaq -2.2%) driven by AI spending concerns, semiconductor weakness (e.g., Micron, global chip rout), and doubts over capex ROI f

Market has settled into a 5-day trading range. Recent Context: The cash Dow Jones Industrial Average closed at approximately 51,713 on Monday, June 22 (+0.29%), showing relative resilience compared to the broader market. Tech-heavy indices faced more pressure amid skepticism around AI infrastructure spending, with notable weakness in names like Amazon, Alphabet, Nvidia-related plays, and even SpaceX-related sentiment. Today's Drivers: Futures point to a soft open, with Dow fu

Low volume uptrend to start the day. Grandma has a couple of trading ideas for her clients. US stock futures are muted/slightly positive in pre-market trading after Friday’s holiday closure. Investors are digesting ongoing US-Iran peace talks (positive for risk sentiment and potentially lower oil prices) and positioning ahead of a key inflation week, highlighted by PCE data later this week. Long Idea (Bounce/Continuation): Buy on a hold above key intraday support (~51,800–51,

Kevin washed the bulls. The FOMC unanimously held the federal funds rate at 3.5–3.75%. Under new Chair Kevin Warsh, the statement was significantly shortened (removing much prior dovish language) and projections leaned more hawkish: officials signaled readiness to raise rates if inflation persists, with the dot plot showing potential for hikes (possibly as soon as later in 2026). Emphasis was placed on delivering price stability amid solid economic activity, strong productivi

Fed announcement at 2:00 PM Eastern. Don't expect a rate change. FOMC Decision (2:00 PM ET): Rates are widely expected to remain unchanged at 3.50%–3.75% (≈97% probability per CME FedWatch). This is Kevin Warsh’s first meeting as Fed Chair. Focus shifts to the dot plot, economic projections, and press conference tone. Markets are pricing in limited or no rate cuts for the rest of 2026, with some discussion of potential hikes if inflation remains sticky. Hawkish signals (stron

Fed announcement tomorrow. Market overbought yet not easy to find short trades. We stick with trend until it changes. Buy pullbacks. The Dow surged 468 points (+0.92%) to a record close of 51,671.03, also hitting a new all-time intraday high during the session. The catalyst was a big fundamental one — President Trump announced that the U.S. and Iran had reached a peace agreement, sending the Dow jumping as much as 700 points intraday. Oil cratered on the news, with front-mont

You don't need Jim Cramer to tell you that the US-Iran announcements are responsible for this rally. Only question is how much does the US have to pay this time. All numbers going forward will reference September contract. Sunday night/Monday pre-market (June 15, 2026) futures action: Strong gap higher on news of a US-Iran peace deal agreement to end hostilities and reopen the Strait of Hormuz. Dow futures jumped roughly +1% (around +500 points at times), with S&P futures +1.

We had one banker's flush trade long already before the open. Our job today is a couple more longs on pullbacks then be done for the week. The cash Dow Jones Industrial Average closed sharply higher at 50,848.75, up 929.97 points (+1.86%). This represented a strong rebound from the previous day's heavy losses. Session action: Markets rallied on a relief bounce, with strength in industrials, financials, and select cyclicals. Chip/tech stocks also rebounded, aiding broader sent