Midday review
Neutral
Futures flat before core PCE: S&P 500 on its average, no idea
At 11:00 UTC, two and a half hours before the US cash open, index futures are almost unchanged: the S&P 500 future is -0.04% from yesterday's cash close, the Nasdaq 100 future -0.12%, the Dow future -0.04%. Applied to the cash closes, that gives estimated levels of 7668 (S&P 500), 30302 (Nasdaq 100) and 51332 (Dow). Moving averages and ATR14 are computed on cash history, excluding today's bar. The S&P 500 sits 0.03 ATR from its 20-day average (7670): that is noise, not trend. The Dow is 1.69 ATR below its average (52180): past the 1.5 ATR limit, a short here would be a late entry. The Nasdaq 100 is 1.47 ATR above its average (29707), just inside the band, but August core PCE and final Q2 GDP come out at 12:30 UTC. An idea published now would be exposed to that release, so it is blocked. VIX is at 16.1, flat on the day. No idea this review; single stocks are assessed only at the evening review. Also on the radar: Chicago PMI at 13:45 UTC and Micron results after the close.
Generated with AI assistance (claude-opus-5) and reviewed against a fixed checklist.