The Trading Post | 07.06.26

July 06, 2026

Good morning,

Nasdaq-100 futures are leading the tape higher as traders rotate back into AI and growth, S&P 500 futures are edging up after the Dow’s 600-point surge, and the US500 is still hovering near multi-decade highs despite the early-July tech wobble. Translation: the trend is still alive, but the market would very much like everyone to forget last week’s whiplash. Cute.

Let’s jump in.

Pre-Market Performance

As of 07.02.26 market close.

Market News

  • Nasdaq 100 Futures Rip Higher As Traders Rotate Back Into AI And Growth Leaders: Nasdaq futures are outperforming as chips and growth names rebound, with traders rotating back into the AI trade after a choppy finish to June. Stay focused on NQ/QQQ longs while price holds above overnight VWAP and prior futures resistance. Pullbacks into the 5- and 15-minute EMAs can offer continuation entries—as long as they don’t turn into the usual “just kidding” trap door. Reuters

  • S&P 500 Futures Edge Higher As Traders Eye Services PMI And Fed Minutes: ES is grinding higher into a macro-heavy setup, with ISM Services due today and Fed minutes landing Wednesday. Expect tactical trading early: fade range extremes if breadth stays neutral, but switch to breakout logic if the data triggers a real trend day. Opening range high/low should be the line in the sand, not your emotional support blanket. Schwab

  • US500 Holds Near Multi-Decade Highs, Keeping Trend-Following Alive: The broader US500 proxy remains near the 7,480–7,500 zone and roughly 20% above year-ago levels, keeping the larger bullish structure intact despite recent tech volatility. Maintain a trend-following bias while SPX/ES holds above rising daily support like the 20-day and 50-day moving averages. Weakness is noise until support breaks; after that, it’s called “price discovery,” because apparently “pain” wasn’t technical enough. Trading Economics

Trade Ideas

Automatic Data Processing, Inc. (ADP), Agnico-Eagle Mines Limited (AEM), Advanced Micro Devices, Inc (AMD), Amazon.com, Inc (AMZN)

Broadcom, Inc (AVGO), American Express Company (AXP), Robinhood Markets, Inc (HOOD),
Marvell Technology Group, Ltd. (MRVL)

Royal Caribbean Cruises Ltd. (RCL), Rocket Lab USA (RKLB), Wayfair Inc (W),
Automatic Data Processing Inc (ADP)

Want to learn how we trade these? Learn the setup we call the “High Volatility Switchback” trade.

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Daily Moment of Zen

❝

You can't see the future through a rearview mirror.

Peter Lynch

Why It Matters:

This is a polite way of saying: congratulations on perfectly understanding what already happened. Very useful, assuming your trading account comes with a time machine.

The market loves punishing traders who confuse hindsight with edge. That chart pattern looks obvious after the breakout. That failed support level looks obvious after the flush. That “easy” gap fill looks obvious after it already filled and left everyone chasing it like interns after free conference pizza.

In trading, the past is useful—but only as context, not prophecy. Price history gives us structure, levels, behavior, and probabilities. It does not give us certainty. The rearview mirror can show where the market has been, but the windshield still matters more because that’s where risk is coming from.

So today, don’t trade what “should have happened” last week. Trade what’s happening now. If the setup confirms, act. If it doesn’t, wait. The future won’t be kind to traders still arguing with yesterday’s candles.