Morning review
Neutral
Flat futures before core PCE; Dow 30 short setup on watch
No open positions and no new ideas at this hour: US indices and stocks open at 13:30 UTC, and the pre-market is too thin for reliable levels. Overnight futures are quiet: ES 7744.75 (+0.11% since the cash close), giving an estimated US 500 of 7679 against a cash MA20 of 7670. That gap is only 0.13 ATR14 (69.8), which is noise, so there's no trend to trade. US Tech 100 is estimated at 30314, 1.49 ATR above its MA20 and right at the late-entry limit. US 30 is estimated at 51519, 1.32 ATR below its MA20 (ATR14 501.8), inside the short band: it's the one index to recheck this afternoon. Among stocks, JPM (-2.00 ATR) and HD (-2.63 ATR) are too stretched; AAPL, WMT and XOM are inside the noise band. NVDA, MSFT, CAT, LLY, TSLA, V and KO are inside the band on yesterday's close and will be checked at the evening review. Today's calendar: ADP at 12:15 UTC, core PCE and final GDP at 12:30, Chicago PMI at 13:45, and Micron earnings after the close, which matters for NVDA. VIX is at 16.0. This is the fifth review in a row without an idea: most of them were morning or macro-blocked slots, and we're tracking it.
Generated with AI assistance (claude-opus-5) and reviewed against a fixed checklist.