Latest News at MPTrader

NVDA Update:  On the subject of the elephant in the room, the reaction to NVDA Earnings certainly is casting a huge shadow on the markets into tomorrow evening's report.

Good Thursday Morning, MPTraders!  August 6, 2026-- Pre-Market Update:-- Strong, but not strong enough Earnings reported last evening in SNDK -11%, WDC -15%, and APP -19% have put the kibosh on the Tech Sector (QQQ -7%) this AM... SNDK's negative acutely negative reaction to Earnings inflicted damage to the otherwise promising setup ahead of the news. The fact that SNDK pressed and sustained beneath 1250/70 near-term support has morphed the post-7/29/26 rally pattern into a more complex counter-trend configuration.

Opportunity Knocked! PLTRPLTR (Palantir Technologies) followed the technical price path in reaction to Earnings that we discussed yesterday afternoon ahead of the post-market release.Here is the text of my two updates yesterday, the first at 2:06 PM ET and the second at 4:26 PM ET:If the technical setup into Earnings later today is hinting at a directional reaction to the report, PLTR is poised for a positive response that thrusts the stock through and above key nearest resistance from 133.50 to 139.

Good Wednesday Morning, MPTraders!  July 22, 2017-- Pre-Market Update:Today's session will be all about Oil Prices, the reaction of the indices to Oil prices, and the runway to big tech Earnings Reports from TSLA, GOOG, TXN, and NOW after the close...First Up:  September Oil prices are climbing, which shouldn't be a surprise considering we have been discussing the bullish pattern potential for a run to 93-95 since last Friday...

Good Tuesday Morning, MPTraders!  July 21, 2026-- Pre-Market Update:In the aftermath of a weak Monday close, the stock indices are higher this AM.

Good Thursday Morning, MPTraders! July 16, 2026-- Pre-Market Update: -- In the past 24 hours, two technology powerhouses, ASML and TSM, reported much better-than-expected Earnings, but in BOTH CASES, investors have pummeled their respective stocks (coming days after the debacle in IBM). Although the indices have not violated major support so far, this behavior under the hood makes me "technically nervous" that the dominant uptrend patterns are weakening within a developing sell-the-great Earnings-news" set-up in an increasingly frothy market.

Good Monday Morning, MPTraders!  July 13, 2026-- Pre-Market Update:  An event-filled week is starting, with likely market push-pull cross-currents from new inflation data (CPI and PPI), from Fed Head Warsh comments in his Semi-Annual Monetary Policy Report before Congress, and from Earnings reports out of the Banking Sector starting tomorrow morning:  Earnings: Tuesday: J P Morgan Chase Co, Bank of America, Goldman Sachs, Wells Fargo, CitigroupWednesday: ASML, Johnson Johnson, Morgan Stanley, BlackRock, The Bank Of New York Mellon, PNC Financial Services,

...Good Tuesday Morning, MPTraders!  July 7, 2026...-- Today, SPCX (SpaceX) is being added to the NDX-100...-- SPCX is getting a lot of love from Wall Street SpaceX initiated with an Overweight at JPMorgan... SpaceX initiated with an Outperform at Macquarie... SpaceX initiated with a Buy at Clear Street... SpaceX initiated with a Strong Buy at Raymond James... SpaceX initiated with a Buy at BofA... SpaceX initiated with a Neutral at MoffettNathanson... SpaceX initiated with an Outperform at William Blair...

The Yen, the USD, and SPX...You have been and will be reading about the plunge in the Yen vs. the USD. YEN is trading near its 1986 levels versus the USD, and today took out its July 2024 prior significant low .

Good Tuesday Morning, MPTraders! June 30, 2026-- Pre-Market Update:-- Today is the final trading session of June, Q2, 2026, and H1, 2026-- and for that reason, some wild things could happen despite the "summer holiday feel" the markets might project into the July 4th long weekend...-- For starters, my Big Picture ES setup shows the price structure attempting to hurdle the down-sloping 20 DMA, now at 7504, with the up-sloping 50 DMA at 7475.

Good Wednesday Morning, MPTraders!  June 24, 2026-- Pre-Market Update:The elephant in the MPT trading room this morning is the continued weakness in nearby (August) Crude Oil prices, which we see on my attached Hourly Chart, is bearing down on $70.00/bbl. The low so far is $70.84, the lowest price for a barrel of Oil since March 10th, and a full 35% below the US-Iran war spike high. As long as any forthcoming rally is contained below resistance at $74.50-$75.

Good Wednesday Morning, MPTraders!  June 17, 2026-- Pre-Market Update: -- Today is and will be all about new Fed Head Kevin Warsh's impact on the FOMC, on the wording of his first monetary policy statement, and on the markets during his inaugural press conference...

Good Tuesday Morning, MPTraders!  June 16, 2026-- Pre-Market Update: -- Today, the 'Warsh Era" at the Fed begins its first FOMC (2-day) Meeting. Wednesday afternoon at 2 ET the fireworks commence, with all of the economic, monetary, and political tentacles exposed...Most investors expect the Fed to keep rates unchanged at the upcoming meeting, BofA survey shows. 55% foresee a “hawkish hold,” with Chair Kevin Warsh signalling higher-for-longer policy. Another 33% expect a “dovish hold,” leaving room for future cuts.

ORCL reports Earnings tonight after the close...Technically, ORCL has spent the entirety of 2026 so far carving out a potentially significant base-accumulation pattern in the aftermath of a multi-month bear phase from its September 2025 ATH at 345.72 to the February-April 2026 lows at 132.40 and 134.57 (see my attached 4-Hour Chart). The late-May-early-June 2026 upside thrust represented a breakout from the base-accumulation pattern at 200 that ripped ORCL higher to 250.25 (6/01/26) in sympathy with the IGV (software ETF) and very positive SNOW Earnings report.

Good Monday Morning, MPTraders!  June 8, 2026-- Pre-Market Update: -- The weekend breach of the Israel-Iran ceasefire by both parties puts geopolitics back on the front burner this AM. That said, the financial markets did not react violently (down in Equities or acutely up in Crude Oil), which suggests that for the time being, neither Israel nor Iran has decided to resume all-out war.

Good Tuesday Morning, MPTraders!  June 2, 2026-- Pre-Market Update:  👀👀👀👀-- Has GOOG sent a chill through the Hyperscalers in particular, and through the technology sector in general, with its humongous $80 Billion capital raise to fund the company's AI build-out? Is THIS the spark that unnerves AI, hyperscaler investors who are worried about excessive spending on AI infrastructure in the absence of commensurate revenues? Could be.

SPY popped to a new ATH at 754.00 in pre-market trading on the news that the US and Iran are nearing an agreement on the Strait of Hormuz, but the SPX ETF has since receded to the 751.75 area, again, in what I think is a disappointing reaction to this news... although to be fair, every couple of days we get news that a deal might be done that turns out to be wishful thinking.

Good Tuesday Morning, MPTraders!  May 19, 2026: What's on my mind this morning (besides appreciating that I was NOT called for Jury Duty for today!):-- Two trading sessions until Wednesday eve's NVDA Earnings Report...-- The NVDA Earnings reaction (Jensen making the rounds on CNBC, Bloomberg, Fox Business) on Thursday will take the markets into Kevin Warsh's Federal Reserve swearing-in ceremony on Friday afternoon...

Good Wednesday Morning, MPTraders!  April 29, 2026-- Pre-Market Update: --- Today is Fed Day (2 PM and 2:30 PM ET)...--- Mag7 Earnings Day (MSFT, META, AMZN, GOOG after the close)...--- But the elephant in the room this morning is the continued sharp climb in the nearby June Crude Oil price to a 3-week high at 103.82, which represents a 31.5% upmove since the April 17th pullback low at 78.97 (from the 4/07/26 high at 114.

Good Tuesday Morning, MPTraders!  April 28, 2017-- Pre-Market Update:  ES climbed to a higher ATH at 7223.25 overnight before geopolitics once again interrupted the 4-week vertical assault from the 3/31/26 low at 6353.25 (+13.7%):(FinancialJuice)June Crude Oil popped from under 98.00 to a two-week high at 101.85 so far (see my attached Oil Chart), and now points to 103.30 to 106.60 next. To regain negative traction, June Crude needs to reverse below 98.00... Last is 100.90...ES reacted negatively to the news and to the up-spike in Crude Oil.

GDX (Gold Miners ETF) Update:  My preferred scenario remains viable. As long as any strength is contained beneath resistance at 102.39 (last week's March-April rally high) and 103.40 (my line-in-the-sand technical resistance level), my pattern and momentum work indicate that GDX is vulnerable to a bout of weakness that presses the price structure toward a retest of the March corrective low-zone from 85 down to 79, prior to my expectation of the emergence of a new, powerful advance... Last is 94.97-95.08...

ES (Emini SP 500) -- Fifteen minutes after yesterday's close, after a pre-close nosedive from 7130 to 7085 in reaction to news that the impending negotiation session was called off, implying that the War would resume, President Trump announced another extension to the ceasefire, which pivoted the index to the upside, reclaiming all the late-session lost territory, and then some (7085 to 7140). From a near-term pattern perspective, my attached Hourly Chart shows that despite the 0.

Good Wednesday Morning, MPTraders!  April 15, 2026-- Pre-Market Update:-- The overbought market was positioned for a Wednesday pullback, but President Trump's comments (see below) and the attendant knee-jerk algorithmic buy programs attached to his comments put a floor under any weakness in pre-market trading.

Good Thursday Morning, MPTraders!  April 9, 2026-- Pre-Market Update: -- The range of positive, expected, or feared outcomes and the propaganda from the belligerents has created extreme, but increasingly plausible tail risks unlike I have seen in my four decades navigating markets... Hopefully, the tail risks will narrow rather than widen further after this Saturday's face-to-face U.S.

Emotions vs. The Big Picture Technical Indicator ConditionsWith each passing hour and headline, the stock indices react instantaneously to the prospect of EITHER purported total destruction of the Iranian nation-state OR something much less devastating that presumably paves a conciliatory path forward. No one knows what to expect during the 9-1/2 hours until the deadline time. Extremes: Total annihilation vs Ceasefire/Surrender?  Will either or both extremes open the Strait of Hormuz? The Gray Area:  Everything in-between the extremes...