So quiet in here today. Keep a close eye on 711.50 on the QQQ.

I bought some RYN and WY in the IRA today.

Looking to add positions to non IT/AI plays, do yall like insurance or healthcare sector better in mid/long term? Specifically eyeing these 4: ALL, TRV, LLY, CAH. Any feedback is appreciated!

I have way too much avgo but I decided to lotto a couple Friday 430 calls. If they knock it out of the park and gap through 430 it should make a run for 495 (or even 530) quick

Gaeilge said:

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So quiet in here today. Keep a close eye on 711.50 on the QQQ.

I bought some RYN and WY in the IRA today.

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lots of chop

SNDK

Solid move for the QQQ into the close. Still a lower-high, lower-low day. Be interesting to see what happens in the ME overnight.

Brian Earl Spilner said:

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SNDK

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what a wild fake out then rip

GOF under investigation. Again I think unless I'm thinking of another big fund. Anyway, took a hit recently.

techno-ag said:

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GOF under investigation. Again I think unless I'm thinking of another big fund. Anyway, took a hit recently.

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I had quite a large position. And sold it recently. Loss wasn't too bad bc of the dividends I've collected, but it wasn't ideal. I couldn't be holding that once the news started coming out about the CEO. Fraud everywhere else and I'm supposed to believe GOF is clean? Lol

The QQQ Daily BB and 100MA will be YUGE today. If there is weakness in those, there is potential for a lot of selling pressure.

My recommendations:
- Don't try to catch a falling knife. If you want to try reversals, look for confirmations to reclaim MAs before buying and keep your stops tight because if they fail, it can be very aggressive.
- Don't short the open. Suggest waiting 30mins or taking a rejection off the 50MA if it gets there.

flashplayer said:

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This has to be the fakeout before the breakout right? Hi everyone, it's September of a midterm year, please panic on this low volume drop and sell all your cheaper shares to us before we get on the turbo escalator!!!

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August had the lowest volume since 2005, I believe. NVDA has sold off almost all of its ER gains. QQQ is below the 50. September is historically the worst-performing month.

I'm not saying an escalator isn't possible, but the tea leaves in front of us right now don't point to that.

The main reason I am skeptical of a drop is that retail sentiment is really low right now, and institutional sentiment is neutral to slightly bearish. That is not the typical recipe for a significant correction. The market is also overpricing the likelihood of a rate hike in my opinion.

I see the fed waiting until December to take any action unless PCE comes in higher than expected in September, which I see as low probability based on current projections.

Sitting at ~66% of a 25bps bump on 9/16 as of now and this time it isn't Ken Griffin pumping that. Warsh wasn't exactly warm and fuzzy at Jackson Hole last week on the topic. Even with a 10% drawdown from the ATH in June, we would still be at 10%+ on the year.

We also just launched against Iran again for the first time in 3 weeks, so still some uncertainty on what the goat ****ers may try in the near term.

I take your point. My take is that if Warsh and the other 8 fed voting members could not support an August hike he won't be ready to vote for a September hike in the face of falling PCE - I guess that is my point and why I don't really pay much credence to cheap talk. I believe they will eventually consider a hike if core PCE stops falling and reverses the other way or stalls at the same levels for about 3 straight months. Short of that, they won't want to be seen as political and hiking into the midterm.

Add to that Iran is already showing signs they are willing to capitulate with their president coming out and basically requesting a resumption of the June MOU.

I don't have much confidence either way. Right now I'm playing more conservative, taking profits much quicker than usual. Leaving a bit of money on the table but also trying not to lose my ass.

Would like to see the SPY close that gap at 758.60 before it tries a new push. QQQ gap at 701.60 as well.

From testing the 50MA up to heading for a 100MA test down...Solid trading day playing the squiggly lines.

ETA:
VIX is getting some life today as well.

flashplayer said:

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The main reason I am skeptical of a drop is that retail sentiment is really low right now, and institutional sentiment is neutral to slightly bearish. That is not the typical recipe for a significant correction. The market is also overpricing the likelihood of a rate hike in my opinion.

I see the fed waiting until December to take any action unless PCE comes in higher than expected in September, which I see as low probability based on current projections.

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I'm still not so sure we see rate hikes. H-A has made a pretty strong case against the Fed dropping interest rates as well. I just don't believe it. I think we print or die.

Like you, I also am not convinced we will see any hikes either, especially once the new PCE calculation comes out at the end of this month and shows the numbers are lower than have been reported due to previous overweighting software and infrastructure, among other things (I am not debating the merits of that, just stating the obvious that this is what is expected to happen when they change the calculation in 4 weeks).

When core PCE is suddenly labeled as 3.1 or 3.0 YOY here in a couple months and decreasing with each monthly report, I think they stay the course with holds until the rate gets stuck for 3-4 months.

They will look pretty stupid if they hike soon and then the core PCE is printing in the high 2s with core CPI in the low 2s within a couple months because it will start to look like they're overshooting the wrong way. The reality is the fed has screwed the world over the past few decades, but this can still has plenty of kicks left in it.

DELL and PANW after the close. They beat the **** out of Dell and Palo Alto today.

$DELL (Dell Technologies) #earnings are out: pic.twitter.com/By3nBVxpQd

— The Earnings Correspondent (@earnings_guy) September 1, 2026

Quote:

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DELL
$DELL
Q2 EPS $7.04 VS $4.91 EST, RAISES FY AI SERVER OUTLOOK TO $74B

- Revenue: $46.97B vs $44.95B est, beat
- Adj EPS: $7.04 vs $4.91 est, beat
- AI-optimized servers revenue: $16.4B
- Quarterly cash dividend: $0.63 per common share

Q3 guidance:
- Revenue: $49.0B vs $41.42B est
- Adj EPS: $6.50 vs $4.48 est

FY guidance:
- Revenue: $192B, from a prior forecast of $167B
- Adj EPS: $25.50, from $17.90
- AI-optimized servers revenue: $74B, from $60B

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$PANW (Palo Alto Networks) #earnings are out: pic.twitter.com/bbyDQZH5vf

— The Earnings Correspondent (@earnings_guy) September 1, 2026

Quote:

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PALO ALTO NETWORKS
$PANW
Q4 REVENUE $3.410B VS $3.352B EST

- Revenue: $3.410B vs $3.352B est, beat
- Adj EPS: $1.02 vs $0.98 est, beat
- EPS: -$0.35
- Operating income: $172M
- Pretax profit: -$269M
- Net income: -$282M

Q1 guidance:
- Revenue: $3.300-3.310B, growth of 33-34%
- Adj EPS: $0.96-0.98

FY guidance:
- Revenue: $14.10-14.20B
- Adj EPS: $4.16-4.19
- Next-generation security ARR: $11.075-11.175B

The company says it is reinforcing confidence in reaching a 40% adjusted free cash flow margin in FY28.

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QQQ is relatively flat on those beats. That could be tough. Typically, we'd see some sympathy movement upwards with these big pops in momo names.

TTUArmy said:

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flashplayer said:

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The main reason I am skeptical of a drop is that retail sentiment is really low right now, and institutional sentiment is neutral to slightly bearish. That is not the typical recipe for a significant correction. The market is also overpricing the likelihood of a rate hike in my opinion.

I see the fed waiting until December to take any action unless PCE comes in higher than expected in September, which I see as low probability based on current projections.

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I'm still not so sure we see rate hikes. H-A has made a pretty strong case against the Fed dropping interest rates as well. I just don't believe it. I think we print or die.

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They can try and drop. But it would have to be partnered with FED QE to buy bonds and cap yields.

There is no recipe for a cut. The economy is apparently resilient with higher rates. Unemployment is apparently near historical lows. Inflation isn't being caused by demand or energy prices. It's being caused by an expansion of the money supply. Cutting into that only makes the money supply expand further, which would mean more inflation. Stimulating demand at a time when the problem is monetary supply is the equivalent of trying to get a child to focus by giving him sugar.

As far as a hike, the FED is already behind the ball. They are praying their mildly hawkish yapping can do the work they are scared to do with an actual hike. This is because the FED ALWAYS follows and lags the bond market. They clearly see the trend. They clearly know the issues. They know they have zero tools to stop government spending and that the administration in charging is trying to grow out of a problem no amount of growth can beat. They only act when there is no other options left and they can't fool the public any longer while waiting for things to turn in their favor. Again.. "transitory". They knew that was bull***** But hiking is something they never want to do. They avoid it until they can't and will make up any excuse they can. If the bond market continues to call their bluff at a time when inflation is still rising, and against Bessent's interventions, they risk another 2022 (this happened in the 70's as well when inflation roared back stronger after the FED had already claimed early victory).

All of this while there is still a demand for dollars that are becoming increasingly hard to get. The world needs them to transact. We don't have a repo market blowup like we did in 2019, but the recipe is there for one to happen.

I don't see the bond market cooling down on its own. It's going to take financial repression to do that job. And that requires the FED and QE. And unlke previous times of QE, the economy cannot support the hyperinflation that it would cause. It would not end up like what we saw after 2008 and 2020. Quit the opposite.

Gaeilge said:

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Would like to see the SPY close that gap at 758.60 before it tries a new push. QQQ gap at 701.60 as well.

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Amen. This has been my chart and target since mid August.

QQQ 100ma has moved up to 704.30. Wouldn't mind seeing a flush through that and a gap close at 701.60 before trying to reverse.

DELL selling ~35pts off opening highs. Not seeing anything worth trying to get long on right now.

Decent-sized after-the-close ERs today with AVGO, HPE, and SNOW.

$WING Dumpster dive set up. Reversal confirming price is back over 10/21ma's daily. As with all dumpster dive trades I am quick to move stops to no green to red as the name is in the dumpster for a reason. HT @DGretta_Author for putting this on my radar a few days back. pic.twitter.com/KiG5LejN90

— Sunrise Trader (@SunriseTrader) September 2, 2026

El Chupacabra said:

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$WING Dumpster dive set up. Reversal confirming price is back over 10/21ma's daily. As with all dumpster dive trades I am quick to move stops to no green to red as the name is in the dumpster for a reason. HT @DGretta_Author for putting this on my radar a few days back. pic.twitter.com/KiG5LejN90

— Sunrise Trader (@SunriseTrader) September 2, 2026

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Well we at least can confirm that WING has been a dumpster fire trade for Team Texags.

VRNS boner on high volume

Apparently more buyout talk that they are actually in talks with Thoma Bravo

https://www.wsj.com/business/thoma-bravo-owned-proofpoint-in-talks-to-buy-cybersecurity-firm-varonis-a44f83d9

Congrats if you played that AM DELL dip. ~55pts move from lows is amazing.

AVGO earnings coming up