Market Tone: Neutral → Bullish
U.S. futures are mixed to start the week. Nasdaq futures are leading (+0.3% to +0.5%), supported by continued strength in AI and semiconductor stocks, while S&P 500 futures are slightly positive and Dow futures are modestly lower. Investors remain focused on AI leadership, this week’s retail earnings, and the upcoming FOMC minutes. Reuters
📊 Index Outlook
S&P 500 / SPY
- Futures: Slightly positive
- Trend: Still in a strong uptrend near record highs.
Nasdaq / QQQ
- Futures: Leading the market
- AI and semiconductor stocks continue to outperform.
Dow Jones / DIA
- Futures: Slightly lower as investors rotate toward technology. Reuters
🚀 Premarket Movers
Leading AI / Tech
- Micron (MU) +2.6%
- Amazon (AMZN) +1.5%
- Broadcom (AVGO) +0.8%
- NVIDIA (NVDA) modestly higher
- Apple (AAPL) slightly higher
- Intel (INTC) +0.5%
Notable Movers
- TransUnion (TRU) +17%
- OceanaGold (OGC) +12%
- Astera Labs (ALAB) +5%
- Bloom Energy (BE) +5%
Weakness
- Snap (SNAP) -7%
- Charles River Labs (CRL) -3.6%
- Super Micro Computer (SMCI) -1.9% Investing.com
📅 Today’s Catalysts
- NY Empire State Manufacturing Survey
- NAHB Housing Market Index
- Treasury bill auctions
This Week
- FOMC Meeting Minutes (Wednesday)
- Walmart earnings
- Home Depot earnings
- Target earnings
These reports are expected to drive sentiment for both consumer and retail sectors. Investopedia
📈 Key Levels
SPY
- Support: 774 → 771 → 768
- Resistance: 778 → 780 → 782
QQQ
- Support: 730 → 727 → 724
- Resistance: 734 → 737 → 740
A break above resistance with volume would strengthen the bullish case. A loss of first support would likely shift momentum toward a neutral or bearish intraday bias.
🤖 JFBP Open Setup
🟢 Bullish
- QQQ holds above VWAP after the open.
- SPY remains above 774.
- QQQ breaks its first 5-minute high.
- Strong participation from AI and semiconductor stocks.
⚪ Neutral (Most Likely Early Scenario)
- SPY trades between 774–778.
- QQQ trades between 730–734.
- Mixed breadth and light opening volume.
🔴 Bearish
- SPY loses 774, especially 771.
- QQQ loses 730 and remains below VWAP.
- Semiconductors begin leading to the downside.
