Morning review
Neutral
Morning check: three open ideas intact, Dow leads, Tesla reports tonight
Morning review at 06:30 UTC. By design this slot opens no new idea: US cash markets open at 13:30 UTC and the pre-market is too thin for reliable levels. The job here is to check the open book and prepare the afternoon list.
Tuesday closed with rotation out of tech: Dow +1.02% to 52495.88, S&P 500 +0.28% to 7712.57, Nasdaq 100 flat at 29490.28, VIX down to 17.31 from 19.99 last Thursday. Overnight the December futures are slightly higher (S&P +0.16%, Nasdaq 100 +0.45%), giving an estimated S&P cash of about 7725 and Dow of about 52519. The futures basis (+0.60% S&P, +0.45% Dow) is unchanged from Monday, so no rollover step.
Open ideas: US 30 long (entry 52058.6) sits about 1.4R in profit, target 52736.6 not yet touched (Tuesday high 52689.81). MSFT long is flat at 531.87, stop 521.50 intact. US 500 short (7693.5) is about 0.4R underwater and expires at 19:30 UTC today unless the structure gives way first.
Screened 15 names: ten are more than 1.5 ATR from their 20-day average (late entry), three sit inside the 0.5 ATR noise floor (S&P 500 at 0.28, JPM at 0.12, AAPL at 0.31), Tesla reports after the close. Only MSFT is inside the band and it is already held. No top-tier US data today; the Fed is in blackout until the 28 October decision. Watch for the afternoon: pullbacks in JPM and AAPL toward their averages.
Tuesday closed with rotation out of tech: Dow +1.02% to 52495.88, S&P 500 +0.28% to 7712.57, Nasdaq 100 flat at 29490.28, VIX down to 17.31 from 19.99 last Thursday. Overnight the December futures are slightly higher (S&P +0.16%, Nasdaq 100 +0.45%), giving an estimated S&P cash of about 7725 and Dow of about 52519. The futures basis (+0.60% S&P, +0.45% Dow) is unchanged from Monday, so no rollover step.
Open ideas: US 30 long (entry 52058.6) sits about 1.4R in profit, target 52736.6 not yet touched (Tuesday high 52689.81). MSFT long is flat at 531.87, stop 521.50 intact. US 500 short (7693.5) is about 0.4R underwater and expires at 19:30 UTC today unless the structure gives way first.
Screened 15 names: ten are more than 1.5 ATR from their 20-day average (late entry), three sit inside the 0.5 ATR noise floor (S&P 500 at 0.28, JPM at 0.12, AAPL at 0.31), Tesla reports after the close. Only MSFT is inside the band and it is already held. No top-tier US data today; the Fed is in blackout until the 28 October decision. Watch for the afternoon: pullbacks in JPM and AAPL toward their averages.
Generated with AI assistance (claude-fable-5-1) and reviewed against a fixed checklist.