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Market Preview: Wed 10/7
Market setup this morning: bearish/risk-off, with S&P, Nasdaq and Russell lower while VIX, 10Y yields, USD and oil all rise. That’s a tough combination for growth and high-beta names. Still seeing strong underlying AI/semiconductor leadership in $MRVL $CRDO $NBIS $NVDA $HPE, but premarket weakness says don’t chase — watch for reclaim/confirmation after the open. $MRVL and $CRDO remain especially strong on relative strength. Best bearish alignment: $IWM, with small caps weak and yields at 5.34%. Gold/silver also remain under pressure from the stronger dollar/yields. My focus: buy strength only after confirmation, keep size controlled, and respect the macro headwind.
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Market Preview: Wed 10/7
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9/23 Pre-Market
Be cautious today. I am not trading until after 10am to see which way the day goes. A lot of disagreement in signals which means it could be a choppy day. - Premkt: Mixed / narrow tech-led. NQ ↑ while ES/RUT ↓; VIX easing, but 10Y + USD ↑ = weak confirmation. - Bull paths: $QQQ $SOXX $AAPL $NVDA $NBIS $IBIT $DRAM $HPE $MRVL - Bear paths: $XLF $JPM $VZ $XLE $CVX - Strongest rule alignment: $XLF $JPM $VZ = R + GD + GD - Premium overlap: $DRAM IVR 136, $HPE IVR 46 - Selective execution — narrow leadership + several premarket contradictions.
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9/23 Pre-Market
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