We made it! The last day of the year. Markets will be closed tomorrow. Today's volume should be light, once again. We'll make another small attempt at a day trade, although this year-end period is not conducive to them. We've done an excellent job keeping risk low this past week; nevertheless, yesterday was another push for us except for our ATM portfolio, which hit another ATH. How great would it be to finish the year exactly at the ATH? We've got a good shot today to finish green. Regardless, it's been another great year for our portfolio.
Bar charts news headline today is "Stock Index Futures Slip in Weak End to a Banner Year." If the market had a "banner" year and we essentially doubled its return, what did we have?

Here's a look at our day trading effort from yesterday: 

Let's take a look at the markets:
​We start the last day of the year a bit weak in the futures. It's pointing to a slight sell signal.

We are back to the 20DMA on SPY and QQQ. A push below those would bring the 50DMA into the picture. Markets are wound tightly these last three trading sessions. We WILL get a move, one way or the other soon.

March S&P 500 E-Mini futures (ESH26) are down -0.20%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.32% this morning, pointing to a weak start on Wall Street in the final trading session of 2025.
Technology stocks weighed on stock index futures, with most members of the Magnificent Seven edging lower in pre-market trading. However, lower bond yields today are limiting losses in equity futures.
The benchmark S&P 500 index is set to end 2025 up about +17%, marking a third consecutive year of double-digit gains. The blue-chip Dow and tech-heavy Nasdaq 100 indexes are poised to end the year higher by about +13.5% and +21%, respectively. U.S. equities soared to record highs in 2025 as optimism around economic growth, corporate earnings, and a more accommodative monetary policy fueled a rebound from the April downturn triggered by President Donald Trump’s tariffs. 
The U.S. stock and bond markets will be closed on Thursday for the New Year’s Day holiday. Also, the U.S. bond market will close early at 2 p.m. Eastern Time today for New Year’s Eve.
In yesterday’s trading session, Wall Street’s major indexes closed lower. Some chip stocks retreated, with KLA Corp. (KLAC) and Applied Materials (AMAT) falling over -1%. Also, pharmaceutical stocks lost ground, with Gilead Sciences (GILD) and Vertex Pharmaceuticals (VRTX) dropping more than -1%. In addition, Citigroup (C) slipped about -0.8% after it said it expects to record a roughly $1.1 billion after-tax loss on the sale of its remaining business in Russia to Renaissance Capital. On the bullish side, Molina Healthcare (MOH) rose over +2% after famed investor Michael Burry reaffirmed his bullish stance on the stock.
“Wall Street is rounding out the year in a subdued fashion, capping a good year for stocks, albeit one that included a nervous moment or two,” according to Kyle Rodda, senior analyst at Capital.com. “The markets are pricing in a pretty much close to perfect set of circumstances going into next year.”
Economic data released on Tuesday showed that the U.S. Chicago PMI rose to 43.5 in December, stronger than expectations of 39.8. Separately, the U.S. October S&P/CS HPI Composite - 20 n.s.a. eased to +1.3% y/y from +1.4% y/y in September, stronger than expectations of +1.1% y/y.
The minutes of the Federal Open Market Committee’s December 9-10 meeting, released on Tuesday, showed that most officials view additional interest-rate cuts as appropriate if inflation continues to ease as expected over time. At the same time, some officials said it would “likely be appropriate to keep the target range unchanged for some time” after December’s cut. The minutes continued to highlight divisions among policymakers and the difficulty of their most recent decision. While most officials backed this month’s rate cut, some of those officials “indicated that the decision was finely balanced or that they could have supported keeping the target rate unchanged.” Other officials opposed December’s rate cut, voicing concern that the Fed’s efforts to bring inflation back to the 2% target stalled this year.
The minutes reinforced expectations for further rate cuts next year, with investors anticipating at least two reductions. Meanwhile, U.S. rate futures have priced in an 82.8% chance of no rate change and a 17.2% chance of a 25 basis point rate cut at the January FOMC meeting.
Today, investors will focus on U.S. Initial Jobless Claims data, which is set to be released in a couple of hours. Economists estimate this figure will come in at 219K, compared to last week’s number of 214K.
The EIA’s weekly crude oil inventories report will also be released today. Economists expect this figure to be 0.5 million barrels, compared to the previous value of 0.4 million barrels.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.113%, down -0.39%.

There's not much else to analyse today. We are just sort of running out the clock this week. Let's take a look at the major support/resistance levels for today. There are three levels I'm watching today. 6925 is an important level for bulls to hold today. A drop below that, and we could be targeting 6900. Resistance is up at 6969.

Let's have a great day folks. I'll see you shortly!

We made it folks! Almost. The year 2025 has almost come and gone.  Our flagship model portfolio, the A.T.M. (Asymmetric trade management) is on track for another banner year. This year is looks to be over 30% ROI and close to double the SP500. This boosts our already impressive 5 year avg. annual return of 26% with no down years. If you want to stop day trading or speculating I'd highly suggest you check it out. You can join us for two full weeks at no cost to see how we do it. 

Last Friday (the day after Christmas) is usually a very slow and low volume day. I almost always stick to the NDX that day for our 0DTE's. It worked out for us even though scalping was a bust. See below: 

This week likely won't be much better in terms of volume. We are in the heart of the "Santa rally" period this week, so we'll see how that pans out this year. Markets are mostly stretched back to (or close to) ATHs.

Technicals are pointing to a slight bullish bias but it's not too meaningful this morning. 

​March S&P 500 E-Mini futures (ESH26) are down -0.24%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.44% this morning, pointing to a lower open on Wall Street as market participants trim risk at the start of the final week of 2025.
Technology megacaps weighed on stock index futures, with Tesla (TSLA) and Nvidia (NVDA) falling over -1% in pre-market trading.
This week, investors will focus on the minutes of the Federal Reserve’s latest policy meeting and a few U.S. economic data releases.
In Friday’s trading session, Wall Street’s major equity averages closed slightly lower. Most chip stocks retreated, with Arm Holdings (ARM) and NXP Semiconductors N.V. (NXPI) falling over -1%. Also, energy stocks lost ground after the price of WTI crude dropped more than -2%, with Devon Energy (DVN) and Marathon Petroleum (MPC) sliding over -1%. In addition, Warner Bros. Discovery (WBD) slid more than -1% after the New York Post reported that Paramount Skydance could abandon its $30-per-share cash offer and instead pursue legal action against the company’s board over its handling of the process. On the bullish side, Target (TGT) rose over +3% and was the top percentage gainer on the S&P 500 after the Financial Times reported that Toms Capital Investment Management had made a significant investment in the retailer.
“In the short-term, I believe in a [‘Santa Claus Rally’]. I could easily see a run at 7,000 just because we’re already so close. There’s a reason ‘don’t short a dull tape’ applies,” said Steve Sosnick at Interactive Brokers.
A Santa Claus rally refers to the consistent gains observed in the stock market over the final five trading days of December and the first two trading days of January. Since 1950, the S&P 500 has delivered an average return of 1.3%, posting gains 78% of the time, according to Adam Turnquist at LPL Financial.
The U.S. stock and bond markets will be closed on Thursday for the New Year’s Day holiday. Also, the U.S. bond market will close early at 2 p.m. Eastern Time on Wednesday for New Year’s Eve.
In this holiday-shortened week, the publication of the minutes from the Fed’s December 9-10 meeting will be the main highlight. The minutes will be scrutinized to assess policymakers’ appetite for additional rate cuts. The FOMC lowered its benchmark rate this month for the third time in a row, though officials’ median forecasts pointed to only one more cut in 2026. Some policymakers are worried about a soft labor market, while others are concerned about persistent inflation.
Meanwhile, U.S. rate futures have priced in an 82.8% chance of no rate change and a 17.2% chance of a 25 basis point rate cut at the conclusion of the Fed’s January meeting.
Market participants will also be monitoring several U.S. economic data releases this week, including the S&P/CS HPI Composite - 20 n.s.a., the Chicago PMI, Initial Jobless Claims, the S&P Global Manufacturing PMI, and Construction Spending.
Today, investors will focus on the National Association of Realtors’ pending home sales data, set to be released in a couple of hours. Economists forecast the November figure at +1.0% m/m, compared to the previous figure of +1.9% m/m.
The EIA’s weekly crude oil inventories report will also be released today. Economists expect this figure to be -2 million barrels, compared to the previous value of -1.3 million barrels.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.107%, down -0.58%.

We'll be finishing up our training today on Bias and belief. Come join us on our live zoom feed!

​Market breadth is broad as the market averages make highs. The New highs in the Advances-Declines line imply that any decline is unlikely to be the final peak.

That being said...it only makes sense to show the other side of the coin. ​The level of leverage in the market is extreme: Assets in US leveraged long ETFs now outweigh short ETFs by 12.5x, the most extreme imbalance on record and nearly 3x higher than in April. Nearly a record ~$146 billion is now parked in leveraged bullish funds, versus just $12 billion in inverse ETFs. By comparison, the ratio stood near 1 to 1 during the 2022 bear market and the 2020 crisis. This level of leverage would significantly amplify the downside move in any correction.

The expected move for this holiday shortened week. I.V and expected move is super low this week. 

​SPY led the major indexes last week, closing higher at $690.31 (+1.43%), after printing a fresh all-time high and maintaining strong upside momentum. TrendSpider’s RSI + MACD Confluence Indicator turned green into the end of the week, confirming bullish momentum with RSI holding above 50 and the MACD line remaining above its signal. With the Santa Rally set to begin, the index enters the holiday period in a position of strength. If seasonal tailwinds align with momentum, the path toward additional all-time highs remains firmly in play.

​Tech finished the week higher as well, with QQQ closing at $623.89 (+1.11%). Momentum is bullish, as the RSI + MACD Confluence Indicator printed green candles into the weekly close. However, unlike SPY, QQQ failed to tap a new all-time high, signaling relative underperformance within the broader market. With FOMC minutes on deck and expectations building around a potential pause in rate cuts, the bar remains high for tech.

​

Let's take a look at the intra-day 0DTE levels on /ES: This week is another tough one to pin down levels with volume and I.V. being so low. Smaller orders can create bigger movements making the chart look a little "herky-jerky" all while going nowhere. There are a couple big levels I'll point out. On the upside we have 7,000 as a massive phycological and gamma level. On the downside we have 6931 as a key support level. This was a key area back on Dec.24rd. Right now we are trapped in a zone between the 50PMA (green line) and the 20PMA (blue line) on the 2hr. chart. 

Good morning and welcome back! We've got a holiday shortened week. Just and FYI for our traders. We'll be taking Weds. (Christmas eve) off. There is a holiday shortened session but volume is usually light and most traders take it off. We'll be back on Friday to finish the week off. Speaking of Fridays, last Friday was a big OPEX day and I really expected some gamma action at the close. It was not to be and really ended up being a quiet session. We didn't get much working. Our early SPY worked. We took a small stab at a retrace later that failed. I'm carrying a short /MNQ scalp that I'll cash flow for now. Here's a look at our day. 

As we head into the end of the year our ATM portfolio is looking to finish strong.. Here's our current YTD results vs. the SP500. Our LULU position finally paid off in spades for us, giving the portfolio a big push up.

Let's take a look at the markets to start off this new week.
​We've got a bullish bias to start us off.

SPY and QQQ are both back above their respective 20/50DMA. That could help support the bulls today. 

March S&P 500 E-Mini futures (ESH26) are up +0.31%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.54% this morning, pointing to a higher open on Wall Street as the tech-driven rally looks set to carry into the holiday-shortened trading week.
Futures on the Nasdaq 100 outperformed amid renewed appetite for technology stocks, boosting hopes for a “Santa Claus” rally. Most members of the Magnificent Seven stocks advanced in pre-market trading, with Tesla and Nvidia rising over +1%. Chip stocks also gained ground in pre-market trading, led by a more than +3% rise in Micron Technology.
However, higher bond yields today are limiting gains in stock index futures. The 10-year Treasury yield rose 2 basis points to 4.17% on negative carryover from a jump in 10-year Japanese bond yields to the highest level since February 1999 following the Bank of Japan’s rate hike on Friday.
This week, investors will focus on a few U.S. economic data releases.
In Friday’s trading session, Wall Street’s major equity averages ended in the green. Carnival (CCL) surged over +9% and was the top percentage gainer on the S&P 500 after the cruise company posted better-than-expected Q4 adjusted EPS and issued above-consensus FY26 adjusted EPS guidance. Also, chip stocks rallied, with Micron Technology (MU) climbing about +7% to lead gainers in the Nasdaq 100 and Advanced Micro Devices (AMD) rising more than +6%. In addition, Oracle (ORCL) advanced over +6% after the company and two other investors signed agreements with TikTok and its Chinese parent ByteDance to establish a new joint venture called TikTok USDS Joint Venture LLC. On the bearish side, Nike (NKE) plunged more than -10% and was the top percentage loser on the Dow after the company said it expects sales to drop by a low single-digit percentage in the current quarter amid ongoing weakness in China and at its Converse brand.
“The trend remains positive, and a Santa Claus rally into the year-end won’t surprise anyone. I am expecting nothing less than a strong finish to the year and a strong start to 2026,” said Louis Navellier at Navellier & Associates. Notably, since 1928, the S&P 500 has advanced 75% of the time during the final two weeks of December, averaging a 1.3% gain, according to data from Citadel Securities.
Economic data released on Friday showed that U.S. existing home sales rose +0.5% m/m to a 9-month high of 4.13 million in November, but came in below expectations of 4.15 million. At the same time, the University of Michigan’s U.S. December consumer sentiment index was unexpectedly revised lower to 52.9, weaker than expectations of 53.5.
New York Fed President John Williams said on Friday there is no urgency to lower interest rates again, given recent jobs and inflation data, reinforcing expectations for a pause after the central bank cut rates at its last three meetings. “I don’t personally have a sense of urgency to need to act further on monetary policy right now, because I think the cuts we’ve made have positioned us really well,” Williams said. He added that there are “no signs of a sharp deterioration at all” in the labor market.
Cleveland Fed President Beth Hammack said in an interview with The Wall Street Journal published on Sunday that she sees no need to change interest rates for several months following a series of recent cuts. “My base case is that we can stay here for some period of time, until we get clearer evidence that either inflation is coming back down to target or the employment side is weakening more materially,” Hammack said.
U.S. rate futures have priced in an 80.1% chance of no rate change and a 19.9% chance of a 25 basis point rate cut at the conclusion of the Fed’s January meeting.
Meanwhile, the U.S. stock markets will close early at 1 p.m. Eastern Time on Wednesday for Christmas Eve and remain closed on Thursday for Christmas Day.
In this holiday-shortened week, investors will be monitoring several key U.S. economic data releases. A trio of reports delayed by the government shutdown are scheduled for release this week, with the initial estimate of third-quarter gross domestic product taking center stage. “We believe the latest numbers point to the U.S. economy being in a good place, but risks remain. Surveys point to unease among households about job-market prospects, and there have been numerous high-profile job cut announcements citing AI and cost cuts,” analysts at BNP Paribas said in a note. Notably, the Commerce Department will not release third-quarter GDP in its usual sequence of three successive estimates and will instead publish only two readings. The final estimate is slated to be released on January 22nd. U.S. Durable Goods Orders data for October, along with the Fed’s industrial production reports for both October and November, will also attract attention. Other noteworthy data releases include the Conference Board’s Consumer Confidence Index, the Richmond Fed Manufacturing Index, and Initial Jobless Claims.
The U.S. economic data slate is empty on Monday.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.17%, up +0.68%.

The expected move for this shortened week is small. It could be a low volume week.

Falling wedge trades are some high probability setups. Here are a few I'm watching. 

We'll continue our training today on trading bias. Come join us in our live zoom feed!

Let's have a great week. A great Christmas and a nice break. See you all in the live trading room shortly. 

Yesterday was another low volume, low I.V. day. That's fine. This too shall pass. Next week should bring more economic releases and all you vacationing traders should return and volume should get closer to "normal", whatever that is. Thank heavens we have a multi-pronged strategy approach to each day. Our ATM portfolio high another ATH (yeah!) 

Our 0DTE didn't quite hit. I had some good entries...if they would have been put on an hour later than I did! Scalping rescued us and got us back to break even. Here's a look at my results. 

Let's take a look at the markets:
​Bulls are holding on to a buy signal, just barely.

The best way to describe current action is, we are just "hanging out", waiting for something to happen.

​March S&P 500 E-Mini futures (ESH26) are trending down -0.02% this morning as investors adopt a cautious stance ahead of the release of the Federal Reserve’s December meeting minutes.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the red. Most members of the Magnificent Seven stocks retreated, with Tesla (TSLA) falling over -3% to lead losers in the Nasdaq 100 and Nvidia (NVDA) dropping more than -1%. Also, gold mining stocks slumped after gold prices plunged amid profit-taking, with Newmont (NEM) sliding over -5% to lead losers in the S&P 500 and Freeport-McMoran (FCX) falling nearly -3%. In addition, Ultragenyx Pharmaceutical (RARE) plummeted over -42% after setrusumab, the company’s treatment candidate for the rare genetic bone disease osteogenesis imperfecta, failed to meet its primary endpoint in two late-stage trials. On the bullish side, DigitalBridge Group (DBRG) surged more than +9% after SoftBank Group agreed to buy the company in a deal valued at $4 billion.
Economic data released on Monday showed that U.S. pending home sales climbed +3.3% m/m in November, stronger than expectations of +1.0% m/m.
“Given this week’s light economic calendar, internal momentum could be the main market storyline,” said Chris Larkin at E*Trade from Morgan Stanley. “If stocks are going to close out another year of double-digit gains on a high note, they’ll likely need tech to do much of the heavy lifting.”
Today, market watchers will pay close attention to the publication of the minutes from the Fed’s December 9-10 meeting. The minutes will be scrutinized to assess policymakers’ appetite for additional rate cuts. The FOMC lowered its benchmark rate this month for the third time in a row, though officials’ median forecasts pointed to only one more cut in 2026. However, individual projections differed widely, with seven officials anticipating no cuts and four expecting two quarter-point cuts next year. Some policymakers are worried about a soft labor market, while others are concerned about persistent inflation.
“We expect the minutes to the December meeting to note ongoing disagreement among FOMC participants about the appropriate policy path over the near term,” Goldman Sachs economists wrote in a note this week.
Meanwhile, U.S. rate futures currently price in at least two rate cuts in 2026, with the first move unlikely before April or June.
On the economic data front, investors will focus on the U.S. S&P/CS HPI Composite - 20 n.s.a., set to be released in a couple of hours. Economists expect the October figure to ease to +1.1% y/y from +1.4% y/y in September.
The U.S. Chicago PMI will also be released today. Economists forecast the December figure at 39.8, compared to the previous value of 36.3.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.119%, up +0.05%.

​Retail traders—often referred to as “dumb money”—are clearly not betting on the downside for equities. They usually trade leveraged ETFs on both sides, and in the last 4 instances when the “short” allocation was this low, they were wrong 3 times, with the SPX subsequently facing significant downside risk.

​Gold's historic run Gold prices have remained above their 200-day moving average for ~550 trading days, the 2nd-longest streak on record. This is only below the ~750 trading sessions seen following the 2008 Financial Crisis. During the current streak, gold prices have rallied +135%, surpassing the 2009–2011 gain of +91%. By comparison, the 1986–1988 run lasted ~510 trading sessions, during which gold prices increased +38%. Meanwhile, the 1978–1980 streak lasted ~495 sessions, with gold prices rallying +209%. Gold's momentum remains historically strong.

​The SPX is pushing back toward its recent highs, and the momentum score has jumped to 5, reflecting strong short-term upward pressure. Price action is showing a steady sequence of higher lows over the past week, suggesting buyers are regaining control after the mid-December dip.
With momentum holding at its upper range, the next few sessions may hinge on whether SPX can decisively clear the prior resistance zone near the recent peak. A sustained momentum score at 4–5 would indicate continued follow-through, while any sharp drop in the score could signal the start of another consolidation phase.

I look forward to seeing you all in the live trading room shortly. FOMC minutes release could be something...or not. Today may be a good day to start with a Chicken Iron condor.

Welcome to Friday! Today is a big triple-witching day.  Wall Street is bracing for a quarterly event known as “triple-witching,” during which derivatives contracts linked to equities, index options, and futures expire, prompting traders collectively to either roll over their current positions or initiate new ones. According to Bloomberg, a record $7.1 trillion in notional open interest is set to roll off today as contracts expire across the U.S. options market. Expect some volatility and gamma squeezing going on into the close.

We had a solid day yesterday. Here's a look at our results.

Let's take a look at the markets. We start the day with a neutral technical rating. I wasn't impressed with the bullish effort yesterday. I believe the downtrend is still in play.

Those all important 50/20DMA are still in play. The QQQ's sit just below them (bearish), and the SPY is sitting right between the two (bearish). Bulls will need a decent, clean move today to clear these hurdles.​

​December S&P 500 E-Mini futures (ESZ25) are trending up +0.04% this morning as global bond yields climbed following the Bank of Japan’s interest rate hike.
The 10-year T-note yield rose three basis points to 4.15% on negative carryover from a jump in 10-year Japanese bond yields to the highest level since 1999 after the Bank of Japan raised interest rates to a three-decade high.
In yesterday’s trading session, Wall Street’s major indices closed higher. Micron Technology (MU) surged over +10% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the largest U.S. memory-chip maker posted upbeat FQ1 results and gave a blowout FQ2 forecast. Also, the Magnificent Seven stocks advanced, with Tesla (TSLA) rising more than +3% and Amazon.com (AMZN) gaining over +2%. In addition, Trump Media & Technology Group (DJT) jumped more than +41% after announcing a merger with TAE Technologies in an all-stock transaction valued at over $6 billion. On the bearish side, FactSet Research Systems (FDS) slumped over -7% and was the top percentage loser on the S&P 500 after the company issued soft FY26 revenue guidance.
The U.S. Bureau of Labor Statistics report released on Thursday showed that the CPI rose +2.7% y/y in November, weaker than expectations of +3.1% y/y. Also, the core CPI, which excludes volatile food and fuel prices, rose +2.6% y/y in November, weaker than expectations of +3.0% y/y. In addition, the U.S. Philly Fed manufacturing index unexpectedly fell to -10.2 in December, weaker than expectations of 2.5. Finally, the number of Americans filing for initial jobless claims in the past week fell by -13K to 224K, in line with expectations.
“November’s inflation undershoot has armed Fed doves with strong ammunition for a January rate cut,” said Seema Shah at Principal Asset Management. “Distortions can’t be ruled out, but the sharp drop in annual inflation leaves the Fed with little excuse not to respond to rising unemployment.”
U.S. rate futures have priced in a 75.6% probability of no rate change and a 24.4% chance of a 25 basis point rate cut at January’s monetary policy meeting.
Meanwhile, Wall Street is bracing for a quarterly event known as “triple-witching,” during which derivatives contracts linked to equities, index options, and futures expire, prompting traders collectively to either roll over their current positions or initiate new ones. According to Bloomberg, a record $7.1 trillion in notional open interest is set to roll off today as contracts expire across the U.S. options market.
On the economic data front, investors will focus on the University of Michigan’s U.S. Consumer Sentiment Index, which is set to be released in a couple of hours. Economists anticipate that the final December figure will be revised higher to 53.5 from the preliminary reading of 53.3.
U.S. Existing Home Sales data will also be released today. Economists foresee this figure coming in at 4.15 million in November, compared to 4.10 million in October.
Investors will also monitor earnings reports from several notable companies, with Paychex (PAYX), Carnival Corp. (CCL), and Conagra Brands (CAG) set to report their quarterly results today.
In addition, market participants will be anticipating a speech from New York Fed President John Williams.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.149%, up +0.85%.

Market manipulation and the great bitcoin "decoupling" is of great interest to me. 

We are seeing MASSIVE swings in markets right now: Between 11:55 AM ET and 12:25 PM ET, the S&P 500 erased -$450 billion in market cap. 23 minutes later and $320 billion in market cap has been added back. That's a $720 BILLION swing in market cap in under 1 hour. ​

Let's finish the week off strong! See you all in the live trading room shortly. 

We lost both the 50 and 20 DMA yesterday on the SPY and the QQQ. That's a pretty bearish sign. It's "only" been four straight days of downward movement but it's been consistent . Futures are green this early morning and I wouldn't be surprised to see a green day after a week of selling but the downward overall trend is pretty entrenched now. Are we still looking for a Christmas rally? 

We didn't have much to work on yesterday and so I kept risk low on the SPX. I did go big on scalping and that cost me. Here's a look at our day. 

Let's take a look at the markets.
In spite of futures being up as I type, the technicals are still flashing bearish.  CPI numbers will be the initial driver this morning so futures don't matter too much. 

December S&P 500 E-Mini futures (ESZ25) are up +0.46%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.74% this morning as forecast-beating quarterly results and guidance from Micron boosted sentiment.
Micron Technology (MU) surged over +10% in pre-market trading after the largest U.S. memory-chip maker posted upbeat FQ1 results and gave a blowout FQ2 forecast.
Lower bond yields today are also supporting stock index futures.
Investor focus now turns to delayed U.S. inflation data for November.
In yesterday’s trading session, Wall Street’s three main equity benchmarks ended in the red. AI-infrastructure stocks slumped, with GE Vernova (GEV) plunging over -10% to lead losers in the S&P 500 and Constellation Energy (CEG) sliding more than -6% to lead losers in the Nasdaq 100. Also, chip stocks slipped, with ARM Holdings (ARM) and Advanced Micro Devices (AMD) falling over -5%. In addition, Lennar (LEN) slid over -4% after the homebuilder posted weaker-than-expected FQ4 adjusted EPS and issued soft FQ1 new orders guidance. On the bullish side, Texas Pacific Land (TPL) climbed more than +7% and was the top percentage gainer on the S&P 500 after the landowner announced a strategic agreement with Bolt Data & Energy to develop data center campuses on Texas Pacific property in West Texas.
“The AI trade continues to take on water,” said Jonathan Krinsky at BTIG. “While it’s still premature to say this is ‘the’ top for AI stocks, evidence is growing that it’s more than just a speed bump. The other question is if, in fact, AI is losing its leadership, where will new leadership be?”
Fed Governor Christopher Waller said on Wednesday he supports additional interest rate cuts to bring the central bank’s setting back to neutral, while noting there is no need to move hastily. “Because inflation is still up, we can take our time — there’s no rush to get down,” Waller said in a CNBC forum. Outlining a scenario in which inflation continues to ease through 2026, Waller said monetary policy settings remain as much as 100 basis points above neutral. At the same time, Atlanta Fed President Raphael Bostic said that while it is a “close call,” inflation currently poses a greater concern than the labor market.
Meanwhile, U.S. rate futures have priced in a 73.4% chance of no rate change and a 26.6% chance of a 25 basis point rate cut at the next central bank meeting in January.
Today, all eyes are on the U.S. consumer inflation report for November, which is set to be released in a couple of hours. Notably, the report will have no monthly changes for most price categories, providing only a partial snapshot of inflation. That’s because the Bureau of Labor Statistics said it was unable to retroactively obtain much of the October price data, and November data collection was also delayed by the government shutdown. Economists, on average, forecast that the U.S. November CPI will come in at +3.1% y/y, compared to +3.0% y/y in September. Also, the U.S. core CPI is expected to be +3.0% y/y in November, unchanged from September.
A survey conducted by 22V Research showed that 36% of investors expect a “risk-on” market reaction to the CPI report, 46% anticipate a “mixed/negligible” response, and just 18% expect a “risk-off” reaction.
U.S. Initial Jobless Claims data will also be closely monitored today. Economists estimate this figure will come in at 224K, compared to last week’s number of 236K.
The U.S. Philadelphia Fed Manufacturing Index will be released today as well. Economists anticipate that the Philly Fed manufacturing index will stand at 2.5 in December, compared to last month’s value of -1.7.
On the earnings front, high-profile companies such as Accenture (ACN), Nike (NKE), Cintas (CTAS), and FedEx (FDX) are set to report their quarterly figures today.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.129%, down -0.48%.

Did you watch Bitcoin yesterday?  We got a small 1HTE trade on. I'm not a big conspiracy guy but you've got to wonder what's happening. ​You can’t make this up: Bitcoin just surged +$3,000 in 1 hour and reclaimed $90,000 as $120 million worth of levered shorts were liquidated. Minutes later, $200 million worth of levered longs were liquidated, with Bitcoin now down to $86,000. That’s a $140 BILLION swing in market cap in under 2 hours. Leverage is out of control.

Part II today on trader biases. Come join us in our live zoom feed!

I look forward to seeing you all in the live zoom shortly! 

Welcome back folks. We had a perfect day yesterday. Multiple entries. They all worked. Our levels were spot on and yet, We couldn't put much capital to work and thus, our dollar profit was low. It should have been an $800 dollar profit day but the trades that worked didn't quite work enough!
That's alright. We did our job of trading to trade well. The profit (or loss) will fall where it may. It's just strange. We do have a continuation trade on the SPY from yesterday. 
​That's a small $158 dollar risk for a potential $442 profit so that could enhance what we did yesterday. 

Here's a look at our day: 

Our ATM portfolio did hit another ATH yesterday. As we get closer to the end of the year's reporting it looks like we have a real shot at 30%+ ROI for the year. Almost double the market. It would also enhance our yearly avg. return of 26%. 

Let's take a look at the markets.
After a few days of red the bulls look like they may want to show up today. We've got a slight buy signal technically to start off the morning. 

After three pretty solid red days the bulls are looking to take back some territory this morning. That would be good for our SPY trade.

​December S&P 500 E-Mini futures (ESZ25) are trending up +0.27% this morning as investors continue to digest the latest U.S. jobs data, while also awaiting remarks from Federal Reserve officials and an earnings report from semiconductor giant Micron.
Oil prices climbed more than +2% after President Trump ordered a full blockade of all sanctioned tankers entering and leaving Venezuela. “Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America,” Trump posted on Truth Social. The move marks a significant escalation and comes after U.S. forces seized an oil tanker off the country’s coast last week, heightening concerns over prolonged supply disruptions in the region.
In yesterday’s trading session, Wall Street’s major indexes closed mixed. Energy stocks slumped as the price of WTI crude dropped over -3%, with Phillips 66 (PSX) sliding over -6% to lead losers in the S&P 500 and Baker Hughes (BKR) falling about -4% to lead losers in the Nasdaq 100. Also, Humana (HUM) slipped over -6% after the managed-care company reaffirmed its full-year adjusted EPS guidance that fell short of expectations. In addition, Pfizer (PFE) fell more than -3% after the drugmaker issued below-consensus FY26 adjusted EPS guidance. On the bullish side, Comcast (CMCSA) climbed over +5% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after CNBC cited swaps-market trading activity that may suggest involvement by activist investors.
The U.S. Labor Department’s report on Tuesday showed that nonfarm payrolls rose by +64K in November after declining by -105K in October. At the same time, the U.S. unemployment rate rose to a 4-year high of 4.6% in November, weaker than expectations of 4.5%. Also, U.S. November average hourly earnings rose +0.1% m/m and +3.5% y/y, weaker than expectations of +0.3% m/m and +3.6% y/y. In addition, U.S. retail sales were unchanged m/m in October, weaker than expectations of +0.1% m/m, while core retail sales, which exclude motor vehicles and parts, grew +0.4% m/m, stronger than expectations of +0.2% m/m.
“[Tuesday’s] data paints a picture of an economy catching its breath,” said Gina Bolvin, president of Bolvin Wealth Management Group. “Job growth is holding on, but cracks are forming. Consumers are still standing, but not sprinting.”
Meanwhile, a key focus for investors is now the U.S. consumer inflation report for November due on Thursday. Notably, the report will have no monthly changes for most price categories, including the headline and core CPI. That’s because the Bureau of Labor Statistics said it was unable to retroactively obtain much of the October price data that were not collected during the government shutdown. Economists expect core and headline inflation to be +3.0% y/y and +3.1% y/y, respectively. “Although this is well above the Fed’s target rate, at this level it would suggest that inflation remains stable, and it would also add to the view that tariffs have not caused a spike in inflation, yet,” according to Kathleen Brooks, research director at XTB. 
Atlanta Fed President Raphael Bostic wrote in an essay published Tuesday that policymakers should stay focused on addressing inflation, with elevated price pressures likely to persist through most of next year. “After wrestling with all the considerations, today I continue to view price stability as the clearer and more pressing risk despite shifts in the labor market,” Bostic said.
U.S. rate futures have priced in an 80.1% probability of no rate change and a 19.9% chance of a 25 basis point rate cut at the January FOMC meeting.
Today, investors will hear perspectives from Fed Governor Christopher Waller, New York Fed President John Williams, and Atlanta Fed President Raphael Bostic.
Market participants will also monitor earnings reports from several notable companies, with chipmaker Micron Technology (MU), cereal maker General Mills (GIS), and electronics manufacturing services provider Jabil Circuit (JBL) slated to release their quarterly results today.
On the economic data front, investors will focus on the EIA’s weekly crude oil inventories report, which is set to be released in a couple of hours. Economists expect this figure to be -2.4 million barrels, compared to last week’s value of -1.8 million barrels.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.170%, up +0.51%.

The market seems to be fighting two opposing issues. On the one hand, earnings are solid! ​$SPX is expected to report Y/Y earnings growth of 12.1% for CY 2025, which would be the 2nd straight year of double-digit growth

No big news catalysts today beyond some FED speak. We'll get CPI tomorrow. That could get some action going. I thought that about NFP yesterday, though, as well.
Let's take a look at the intraday levels for our 0DTEs today. I'll likely continue to focus my efforts today on the existing SPY setup. 

​6833* (200PMA), 6841* (50PMA), 6852, 6863 are resistance levels. 6806, 6790, 6778, 6761 are support levels.

Our training today dives into the biases we have as traders. Once we can identify them, we can work on them.
Come join us on our live zoom.
​See you all shortly in the live trading room!

Yesterday was a pretty big non event. Not much movement and not much volume. We've got NFP incoming this morning and that may generate some price action. We should have just sat on our hands yesterday. There wasn't a lot of setups that made sense. We kept risk low but couldn't get any green on the day. Here's a look at the day. 

Let's take a look at the markets. A bearish trend seems to want to take hold. We've got a bit of a trend reversal happening here. 

Technicals are slightly bearish this morning. 

​December S&P 500 E-Mini futures (ESZ25) are down -0.06%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.14% this morning as investors exercise caution ahead of the release of the key U.S. jobs report, which will offer clues on the Federal Reserve’s policy path next year.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the red. ServiceNow (NOW) plunged over -11% and was the top percentage loser on the S&P 500 after Bloomberg reported that the company was in advanced talks to buy cybersecurity startup Armis for as much as $7 billion, and KeyBanc downgraded the stock to Underweight. Also, cryptocurrency-exposed stocks slumped as the price of Bitcoin fell more than -4%, with Riot Platforms (RIOT) tumbling over -10%, and Strategy (MSTR) sliding more than -8% to lead losers in the Nasdaq 100. In addition, iRobot (IRBT) plummeted over -72% after the Roomba maker filed for Chapter 11 bankruptcy protection. On the bullish side, KLA Corp. (KLAC) rose more than +2% after Jefferies upgraded the stock to Buy from Hold with a price target of $1,500.
Economic data released on Monday showed that the Empire State manufacturing index unexpectedly fell to -3.9 in December, weaker than expectations of 10.0.
Fed Governor Stephen Miran said on Monday that the central bank’s policy stance remains overly restrictive for the economy, citing his benign inflation outlook and warning signs in the job market. Also, New York Fed President John Williams said monetary policy is well-positioned for next year following last week’s rate cut. “The FOMC has moved the modestly restrictive stance of monetary policy toward neutral,” Williams said. In addition, Boston Fed President Susan Collins said she backed last week’s rate cut, though the decision was a “close call” given her ongoing concerns about elevated inflation. “While my analysis in November had leaned toward holding policy steady, by the December meeting, available information suggested the balance of risks had shifted a bit,” Collins said.
Meanwhile, U.S. rate futures have priced in a 73.4% chance of no rate change and a 26.6% chance of a 25 basis point rate cut at the conclusion of the Fed’s January meeting.
Today, all eyes are focused on the U.S. monthly payroll report for November, which is set to be released in a couple of hours. The report arrives later than the typical first Friday of the month due to the lingering impact of the historically long government shutdown. Notably, the report will be unusual as it will include an estimate of October payrolls — figures that were delayed by the shutdown. Economists, on average, forecast that Nonfarm Payrolls will come in at 51K in November. At the same time, October payroll data is expected to show substantial losses in government jobs stemming from buyouts of federal workers.
A survey conducted by 22V Research showed that investor expectations for the market’s reaction to the key jobs report are fairly evenly split, with 29% calling for “risk-on,” 36% “risk-off,” and 36% “mixed/negligible.”
With the Fed still appearing more focused on labor market weakness than inflation, the jobs report may bring a “bad news is good” reaction, according to Chris Larkin at E*Trade from Morgan Stanley. “As long as the numbers don’t suggest employment is falling off a cliff, the markets may embrace soft data because it could lead to a more-dovish Fed,” Larkin said.
Investors will also focus on U.S. Average Hourly Earnings data. Economists expect the November figures to be +0.3% m/m and +3.6% y/y, compared to +0.2% m/m and +3.8% y/y in September.
The U.S. Unemployment Rate will be reported today. Economists anticipate that the November figure will creep up a tick to 4.5% from 4.4% in September.
U.S. Retail Sales and Core Retail Sales data for October will be closely monitored today. The report was originally scheduled for release on November 14th, but was delayed due to the fallout from the shutdown. Economists expect retail sales to rise +0.1% m/m and core retail sales to rise +0.2% m/m in October, compared to the September numbers of +0.2% m/m and +0.3% m/m, respectively.
Preliminary U.S. purchasing managers’ surveys will be released today as well. Economists expect the December S&P Global Manufacturing PMI to be 52.0 and the S&P Global Services PMI to be 54.0, compared to the previous values of 52.2 and 54.1, respectively.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.179%, down -0.05%.

Let's take a look at some of the key levels for 0DTE today based on the /ES futures. 
A very key area from yesterday is the 6827 level. Buyers could not get the market above this level all day. If they fail again today, that cements more bearish price action.  6827, 6835, 6847, 6852 are resistance zones. 6812, 6803, 6798, 6779 are support.  NFP will be the driver today.

Awaiting NFP. Let's hope we get some price action we can work off today. See you all in the live trading room shortly!

Techs got hit pretty hard on Friday pushing the indices down. They look to rebound this morning. As techs go, so goes the overall market. I had a losing day Friday with my day trades. I was just on the wrong side of the price action all day. That was offset by our ATM portfolio that hit another ATH. We've got two weeks left in the year. I'm not sure if we'll get to my personal goal of 30%+ ROI on the year but I think we'll be close. 

Let's take a look at the markets:
After Fridays tech selloff and this mornings futures rebound, we sit at a neutral rating to start today.

We are back to a bit of a neutral zone now. It will be interesting to see if the bulls or bears can get us to a clear trend today.

​December S&P 500 E-Mini futures (ESZ25) are up +0.48%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.49% this morning, signaling a partial rebound from Friday’s tech-led selloff on Wall Street as investors stepped in to buy the dip at the start of the final full trading week of 2025.
Lower bond yields today are supporting stock index futures.
This week, investors will focus on key U.S. economic data, including monthly employment and inflation figures, comments from Federal Reserve officials, and earnings reports from several high-profile companies.
In Friday’s trading session, Wall Street’s major equity averages closed sharply lower. Broadcom (AVGO) plunged over -11% and was the top percentage loser on the Nasdaq 100 after the software and semiconductor giant’s sales outlook for the AI market fell short of investors’ lofty expectations. Also, Sandisk (SNDK) tumbled more than -14% and was the top percentage loser on the S&P 500 after GF Securities downgraded the stock to Hold from Buy. In addition, Ciena Corp. (CIEN) slumped over -9% after Northland Securities downgraded the stock to Market Perform from Outperform with a $190 price target. On the bullish side, Lululemon Athletica (LULU) surged more than +9% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the retailer posted upbeat Q3 results and raised its full-year guidance.
Cleveland Fed President Beth Hammack said on Friday that she would prefer interest rates to be somewhat more restrictive to continue putting pressure on inflation, which remains too high. “Right now, we’ve got policy that’s right around neutral,” Hammack said. Also, Kansas City Fed President Jeffrey Schmid said he dissented against the latest FOMC’s decision to cut interest rates because inflation remains “too high” and policy should stay modestly restrictive to contain it. At the same time, Chicago Fed President Austan Goolsbee said he is penciling in more rate cuts for 2026 than many of his colleagues, but dissented against a rate cut at the December meeting because he wanted to wait for additional inflation data. In addition, Philadelphia Fed President Anna Paulson said, “On net, I am still a little more concerned about labor market weakness than about upside risks to inflation.”
Meanwhile, U.S. rate futures have priced in a 75.6% probability of no rate change and a 24.4% chance of a 25 basis point rate cut at the next central bank meeting in January.
This week, a slew of delayed U.S. economic data will give investors and policymakers a long-awaited snapshot of the labor market and broader economy. The jobs report and consumer price index for November will be the main highlights, starting to shape the outlook for interest rates in 2026. U.S. retail sales data for October will also draw attention, along with preliminary purchasing managers’ surveys on manufacturing and services sector activity. Other noteworthy data releases include the U.S. Philadelphia Fed Manufacturing Index, Initial Jobless Claims, Business Inventories, Existing Home Sales, and the University of Michigan’s Consumer Sentiment Index.
Market participants will also parse comments from several Fed officials, with the key question now being how far and how fast interest rates will fall in 2026. The Fed has projected just one rate cut next year, but many in the market anticipate more, with U.S. money markets fully pricing in two reductions. Fed Governors Stephen Miran and Christopher Waller, along with New York Fed President John Williams and Atlanta Fed President Raphael Bostic, are scheduled to speak this week.
In addition, several notable companies, including chipmaker Micron Technology (MU), advisory firm Accenture (ACN), sneaker maker Nike (NKE), and shipping giant FedEx (FDX), are set to report their quarterly figures this week.
Today, investors will focus on the New York Fed-compiled Empire State Manufacturing Index, which is set to be released in a couple of hours. Economists expect the December figure to come in at 9.8, compared to 18.7 in November.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.170%, down -0.60%.

​SPY ended the week modestly lower, closing at $681.76 (-0.57%). The Turtle Trading Strategy triggered a long entry last week after the ETF printed a new 20-day high. Price has since pulled back and is now sitting just above its 10-day low, which marks the strategy’s exit level. According to the Strategy Variance Explorer, this trade is considerably underperforming its historical average, leaving bulls with little room for error heading into the new week.

​IWM Russell 2000
IWM led the major indexes last week, closing at $253.85 (+1.23%). Small-caps likely benefited from avoiding much of the earnings-driven volatility while also responding favorably to the Fed’s recent rate cut. The Turtle Trading Strategy triggered a long entry the prior week, and since then, two additional pyramiding entries have been added as price continued to push higher. With multiple entries now in play, the focus shifts to whether the trend can sustain its momentum or begins to show signs of exhaustion.

​The SPX continues to grind higher, and the breadth backdrop is showing steady improvement. The number of stocks trading above their 200-day moving average has recovered meaningfully, placing the SMA-200 breadth measure back in the green zone an area associated with stronger underlying participation.
The SMA-10 of breadth is also turning upward, signaling that more stocks are re-engaging with the broader trend. In the short term, holding this green-zone strength would point to healthier market underpinnings, while any pullback from here would suggest a more selective advance and a need to watch for momentum cooling.

1.16% expected move for the week.

We've got a good training today starting a new series on 19 Bias or beliefs that influence traders actions: 

1. Dunning-Kruger Effect: Overestimating one’s own trading skills due to a lack of knowledge and experience.
2. Overconfidence Bias: Having excessive confidence in one’s own trading decisions or strategies.
3. Confirmation Bias: Seeking or interpreting market information in a way that confirms pre-existing beliefs.
4. Anchoring Bias: Relying too heavily on the first piece of information seen (like initial price) when making decisions.
5. Availability Heuristic: Overestimating the importance of information that is readily available or memorable. Like seeing social media posts of profitable trades and believing this is the norm.
6. Hindsight Bias: Believing after an event has occurred that one could have predicted the event. “Ah, I should have seen that coming”.
7. Loss Aversion: Being more sensitive to losses than to gains of the same size.
8. Representativeness Heuristic: Judging the probability of an event by how much it resembles other events or trends.
9. Gambler’s Fallacy: Believing that past events can affect the likelihood of something happening in the future, despite no causal relationship.
10. Status Quo Bias: Preferring to keep things as they are, avoiding change.
11. Endowment Effect: Valuing a trade more highly simply because you took it.
12. Optimism Bias: Believing that one is less likely to experience a negative event compared to others.
13. Recency Bias: Overemphasizing the most recent information or experiences.
14. Framing Effect: Making decisions based on how information is presented rather than just on the facts themselves.
15. Self-Serving Bias: Attributing successes to personal skill and failures to external factors.
16. Bandwagon Effect: Adopting beliefs or practices because they are becoming popular or widespread.
17. Illusion of Control: Overestimating one’s ability to control or influence events, such as market movements.
18. Neglect of Probability: Ignoring the actual probability of outcomes, leading to poor risk assessment.
19. Sunk Cost Fallacy: Continuing a behavior or endeavor as a result of previously invested resources (time, money, effort).

Let's start the week strong today! See you all shortly. 

Ah, cognitive dissonance. We all have it. That situation where your actions don't align with your beliefs. For example, I know drinking soda is bad for me, yet I continue to do it. I know working out every day is beneficial, yet I don't do it. We all have beliefs that we feel are right, yet we don't act on them. How does this relate to investing?
Our ATM portfolio is killing it this year. We are on pace to make around 30% ROI and nearly double the market. Two of our biggest contributors to those massive gains have been TSLA and LULU. What's interesting about them is that they have, at times, been the most hated positions in our portfolio. TSLA was a buying power hog and always needed constant adjustment. LULU had fallen by over 50% and while that just created an amazing buying opportunity, some of our members didn't see it as a great opportunity. We all know (and believe) that it is the right thing to do to "buy when blood runs in the streets" but how many actually do it? LULU should continue to be a cash flow machine for us going forward but it took patience to hold it and gumption to buy it.

By the way. If you want a passive investment model that has almost double the SP500 returns, on avg. over the last 5 years you can check it out for free. 

Our string of daily profits continued yesterday. It was all due to our multi-pronged approach to setting up trades. It was a very TRICKY price action day. Those first few candles in the morning and the whipsaws were something we haven't seen in a very long time. Fortunately scalping scored for us again with an overnight profit hitting for me at 2:00AM while I slept. The 1HTE bitcoin trades continue to offer incredible setups as well, when we can find them. You will be hard pressed to find another trade that can predictably make as much in under an hours time. If you're not trading these your missing out. Get started here:

Also, APEX is having there biggest sale of the year right now. 90% off. You SHOULD be using a prop account to scalp with us. Get $50,000 of someone else's money to scalp futures with us. You get 90% of the profits, they keep 10% and they take all the risk! This just makes sense. Take advantage of the huge discounts here: 

If you want to replicate the profits you see us generating with our scalping program you can come scalp live with us right here: 

Last pitch for you to start making money. If you want to day trade (0DTE) setups. I believe we put up the best risk/reward setups you can find on a daily basis. You can come trade live with us for a free week and check it out. 

Let's get into the markets.
​Buy mode is still holding...just barely.

The QQQ's remain weak but ATH's for everything else. 

December Nasdaq 100 E-Mini futures (NQZ25) are trending down -0.58% this morning as Broadcom’s earnings report prompted further concerns about the AI trade.
Broadcom (AVGO) slid over -5% in pre-market trading after the software and semiconductor giant’s sales outlook for the AI market fell short of investors’ lofty expectations. Chief Executive Officer Hock Tan said on a conference call that the company has a $73 billion backlog in AI product orders to be delivered over the next six quarters. However, this figure disappointed some investors. The company also said margins would decline due to a higher mix of AI-related revenue, adding to concerns about returns from AI.
Investor focus now turns to remarks from Federal Reserve officials.
In yesterday’s trading session, Wall Street’s major indices ended mixed. Visa (V) climbed over +6% and was the top percentage gainer on the Dow after BofA upgraded the stock to Buy from Neutral with a price target of $382. Also, shares of cruise line operators advanced, with Royal Caribbean Cruises (RCL) rising more than +7% to lead gainers in the S&P 500 and Norwegian Cruise Line Holdings (NCLH) gaining over +6%. In addition, Planet Labs (PL) jumped over +35% after the company reported upbeat Q3 results and raised its full-year revenue guidance. On the bearish side, Oracle (ORCL) plunged more than -10% and was the top percentage loser on the S&P 500 after the software and cloud-computing company posted weaker-than-expected FQ2 cloud sales and raised its full-year capital spending outlook.
“This Oracle move is, of course, dragging down the entire ecosystem. However, market breadth is really positive for a second consecutive day,” according to Alexander Altmann, global head of equities tactical strategies at Barclays Plc.
The Labor Department’s report on Thursday showed that the number of Americans filing for initial jobless claims in the past week rose by +44K to a 3-month high of 236K, compared with the 220K expected. Separately, delayed data showed the U.S. trade deficit unexpectedly narrowed to -$52.8 billion in September, stronger than expectations of -$62.5 billion.
Meanwhile, U.S. rate futures have priced in a 73.4% chance of no rate change and a 26.6% chance of a 25 basis point rate cut at the next FOMC meeting in January.
Today, market participants will parse comments from Philadelphia Fed President Anna Paulson, Cleveland Fed President Beth Hammack, and Chicago Fed President Austan Goolsbee.
“Focus will fall largely on Fedspeak, with scheduled remarks due from 2026 voters Hammack and Paulson, while dissenters Goolsbee, Schmid, and Miran will all likely issue statements explaining why they didn’t vote with the majority on Wednesday,” Pepperstone’s Michael Brown said in a note.
The U.S. economic data slate is empty on Friday.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.169%, up +0.60%.

Let's take a look at our intraday /ES levels for our 0DTE setups. 
6909, 6925, 6940, 6949 are resistance levels. 6895, 6885, 6876, 6869 are support. 

We had an excellent training yesterday. Monday should be another awesome one.
See you all in the live trading room shortly. Let's see if we can keep the profits flowing.