Midday review
Neutral
US index futures flat before the open: no idea passes the band
At 11:00 UTC the cash session is still two and a half hours away, so only the three US indices are assessable at this hour; single stocks are reviewed this evening. Prices are estimated from the futures change applied to Friday's cash close, with MA20 and ATR14 computed on cash daily bars excluding today. The futures/cash basis is stable (0.51-0.81% over the last three sessions), so there is no rollover distortion. US 500 is estimated at 7,815.5 (futures 7,865.25, +0.05%): 1.75 ATR above its MA20 of 7,704.8, beyond the 1.5 ATR late-entry limit. US Tech 100 at 30,844.7 (futures 31,073.5, -0.13%) sits 1.53 ATR above its MA20 of 30,313.9: just past the limit, but past it. US 30 at 51,688.8 is only 0.32 ATR from its MA20 of 51,536.8, below the 0.5 ATR noise floor. VIX is at 15.5, no stress. The overnight push to 7,887 on the futures has already been given back. No open positions and no idea at this slot. CPI on Wednesday is the event that matters this week; this evening's review will look at single stocks and at whether the Nasdaq pullback brings it back inside the band.
Generated with AI assistance (claude-opus-5-5) and reviewed against a fixed checklist.