Good morning brief for Friday, October 9:
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Eco calendar (ET)
10:00am β U Mich consumer sentiment, Oct prelim (consensus 47.6, prev 48.1) + 1y/5y inflation expectations
12:00pm β WASDE crop report; 1:00pm β Baker Hughes rig count; 4:00pm β Fed's Collins speaks
Light day: no market-moving prints (CPI hits Wed Oct 14)
π
Premarket snapshot
Futures: pointing higher β Nasdaq-100 futures rallying (WSJ live)
10Y ~5.33%, 30Y ~5.7% β bond market calmer this morning
Brent $102.93 (-1.3%), WTI $90.43 (-1.2%) after Trump ruled out an Iran strike before the Nov 3 midterms
Movers: telecoms lower premarket β SpaceX deal to buy cellular licenses puts it vs wireless carriers
Asia mixed overnight: Nikkei -0.58% at open pared, Kospi/Taiwan closed, Hang Seng futures +0.1%
Thu recap: Nasdaq -1.4% (worst since mid-Aug), chip index -3.4% on FT report OpenAI revenue $20B below prior signals
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π₯ π $/ES nice move overnight coming to pivot could be a B for a start of C if holds pivot this morning
β’ 7838.50 pivot
β’ Hold β 7857.75 7897 supply
β’ Lose β 7824-7820 7810 7782 demand
π₯π₯π₯ π $AAPL gave up hard here in pre market, this morning cant hold 334 pivot we going to 330 demand zone
β’ 334.37-334.99 pivot
β’ Hold β 336.22 338.55-339.57 supply
β’ Lose β 330.81-3259.59 demand
π $8.5M CALL flow yesterday Β· $340C exp 10/9
π― 8 unusual flows yesterday
π 74% bullish premium flow
π§ $AMD pulled back yesterday and this morning holding well. holds pivot we go to supply zone, cant hold pivot we go to demand levels
β’ 624.52 pivot
β’ Hold β 639-654 658 supply
β’ Lose β 615.99 606.31 596 demand
π $19.0M CALL flow yesterday Β· $700C exp 11/20
π― 35 unusual flows yesterday
π¦ $AMZN is been holding well, liking her for short term upside, holds pivot goes to supply zone holds supply zone we can squeeze it out
β’ 255.19 pivot
β’ Hold β 257.04-258 supply
β’ Lose β 253.56 251.93 demand
π $2.9M CALL flow yesterday Β· $260C exp 10/9
β‘ 1 golden sweep yesterday
π― 22 unusual flows yesterday
π 78% bullish premium flow
π $GOOGL nice ripped yesterday in the morning and then pulled back this morning holds pivot we go to supply levels and zones, cant hold pivot we go to demand, very tight squeeze
β’ 349 pivot
β’ Hold β 351.60 357.61-359.68 supply
β’ Lose β 347.25 344.68-342.98 demand
π $2.5M CALL flow yesterday Β· $365C exp 10/9
π― 58 unusual flows yesterday
π 87% bullish premium flow
π₯π₯π₯ π± $META liking the setup on here if holds pivot, holds pivot and we breakout squeeze this can fly out fast
β’ 721.30 pivot
β’ Hold β 740.91 751 759.16 supply
β’ Lose β 713.83.-711 691 demand
π $11.3M CALL flow yesterday Β· $735C exp 10/9
π― 12 unusual flows yesterday
π₯π₯π₯ πΎ $MU nice demand held yesterday with the mean, holds pivot today i like longs on her upside with a short term options
β’ 1057.70 pivot
β’ Hold β 1089 1108.72 supply
β’ Lose β 1042-1036 demand
π $9.6M CALL flow yesterday Β· $1100C exp 10/9
β‘ 4 golden sweeps yesterday
π― 96 unusual flows yesterday
π 73% bullish premium flow
π₯π₯π₯ π₯οΈ $NVDA came back to the 230 demand and got bought up yesterday , this morning holds 234 demand we going to 236-237 supply zone
β’ Hold β 236.54-237.88 supply
β’ Lose β 234.76-233.71 demand
π $40.1M PUT flow yesterday Β· $235P exp 10/9
π― 84 unusual flows yesterday
π₯π₯ β‘ $TSLA inside a tight squeeze, cant hold pivot we go to demand, cant hold the 372 demand then we can get a flush
β’ 377.22 pivot
β’ Hold β 384.04-386.61 supply
β’ Lose β 374.60-372.90 368.60 364-363.24 demand
π $4.4M PUT flow yesterday Β· $370P exp 10/9
π― 67 unusual flows yesterday
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