Key Economic Releases & Central Bank Events

• Richmond Fed President Thomas Barkin speaks at 9:00 AM, so watch for any hints on rate policy. The S&P final manufacturing PMI and ISM manufacturing index are also due this morning, which could stoke volatility if they surprise. The latest release of Federal Reserve money stock measures (H.6) is at 1:00 PM, and consumer credit data (G.19) drops at 3:00 PM.[marketwatch +1]

• There’s no major scheduled data from BEA today (GDP and personal income have been rescheduled), so focus will be on real-time Fed commentary.[bea]

Overnight Global Markets and Futures

• Asia finished strong: South Korea’s KOSPI +0.49%, KRX +0.86%. Asian sentiment was broadly risk-on.[bloomberg]

• Europe had a positive close: Euro Stoxx 50 +0.22%, IBEX 35 +0.47%, UK FTSE 100 +0.15%.[investing]

• U.S. index futures point higher: NASDAQ 100 up 0.40%, S&P 500 up 0.20%, Dow flat to slightly lower.[markets.businessinsider]

• Forex traders remain on a buy-the-dip bias, with gold holding above key levels; expect attention on U.S. GDP/inflation signals for direction.[nordfx]

Pre-Market Moves on Key Stocks & Gaps

• Tesla (TSLA) is trading higher pre-market, last at $402.38 (+1.81%) after a low of $400.45 and a high of $402.50. Keep an eye on momentum as tech rebounds.[public]

• Notable S&P500 gaps on Friday included downside moves in Bristol-Myers, Netflix, and Morgan Stanley, but Tesla is showing relative strength this morning.[chartmill]

News, Earnings, & Geopolitical Flow

• Market sentiment is cautious optimism: U.S. futures mixed as the Fed hints at a possible December rate cut, boosting risk appetite despite prior week losses.[nasdaq +1]

• No major earnings scheduled today but preliminary consumer sentiment readings (U Michigan: 51) signal softening consumer outlook. No headline geopolitical shockers—focus is on central bank messaging.[nasdaq]

Key Technical Levels and Indicators

• S&P 500 indicators are bullish: RSI (14) at 69.5 (overbought zone), MACD at 25.62 (strong buy), key resistance at 6461.72, support at 6450.95. Expect buying momentum but be cautious at overbought levels.[investing]

• For Tesla: RSI (14) at 38.53 (bearish), MACD -10.05 (bearish), Stochastic 8.63 (oversold), suggesting caution despite pre-market gains.[moneycontrol]

• Tesla’s technicals on TipRanks: RSI at 49.95 (neutral), MACD at 5.35 (buy). Differences between sources signal choppy conditions—momentum traders beware.[tipranks]

Options Activity

• Unusual institutional options activity flagged in multiple tickers last Friday—watch for any surges in Tesla’s flow today; smart money may step in if volatility spikes.[benzinga +1]

Sentiment & Fear Gauges (VIX)

• Market mood: Cautious optimism amidst mixed data, bullish jobs signals from US/Australia but lingering inflation concerns in Europe/UK. VIX (S&P 500 3-month) last at 23.96, trending down but still elevated versus last year—watch for spikes on Fed or PMI surprises.[fxleaders +1]

Sector Rotation Impact (Tech/Tesla)

• Recent rotation has moved capital away from tech into healthcare and staples. If this continues, Tesla and other tech names may underperform despite early rebounds. Monitor sector flows for confirmation.[insiderfinance]

Risk Management Measures

• With overnight global upside and mixed technicals, consider tighter stop-losses below key support (Tesla: $398), reduce position sizes if volatility rises, and think about hedging if PMI or Fed surprises disrupt sentiment.

Day Trading Thesis & Adaptive Plan

• Today’s bias is cautiously bullish: Tech stocks may catch a rebound but face resistance from sector rotation. Play early momentum in Tesla if volume confirms, stay nimble around Fed and PMI headlines, and be ready to shift bearish if VIX spikes or tech loses its bounce.

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