OP Wire 9/19 (OP – Lite)

By Steve

OP Wire – Bulls on Parade 🎺🐂

U.S. stock futures hovered around the flatline Friday morning, signaling a pause in Wall Street’s relentless bull run.
As of 06:50 ET, Dow Jones and S&P 500 futures were flat while Nasdaq 100 futures edged up +21 points (+0.1%).

On Thursday, all three major indexes — the Dow, S&P 500, and tech-heavy Nasdaq — closed at fresh all-time highsfollowing the Fed’s rate cut earlier in the week. Bulls are riding high on the dual tailwinds of fiscal + monetary stimulus and an AI-fueled melt-up.

🔑 Market Movers

Intel (INTC) ripped +22% after Nvidia (NVDA) confirmed a $5B stake in the U.S. chipmaker. Nvidia’s capital infusion will make it one of Intel’s top shareholders — a move with huge implications for AI, data centers, and the CPU–GPU ecosystem. OP members caught this action on alert.
FedEx (FDX) surged post-earnings after smashing revenue/profit estimates. Aggressive cost-cutting helped offset tariff drag.
Lennar (LEN) slipped after a 46% earnings drop and soft forward guidance despite mortgage incentives.
Bank of Japan held rates steady at 0.5% but spooked markets by outlining plans to offload massive ETF + REIT holdings.

🌍 Macro Focus

Trump–Xi Call today with TikTok on the agenda. A framework is in place with Oracle + Silver Lake circling, but questions remain on control and China’s influence. Expect headlines.
$QQQ tech index is within 1% of 600 — tagging 598.14 yesterday before closing at 595.32 (+0.9%). The only level that matters short-term is 580; a break could retest 570–560 support.
Bitcoin ~$117,000 | Gold ~$3,690 | Silver ~$42.80 — risk-on AND hard-asset euphoria.

🗓️ Today’s Economic Calendar

🇺🇸 Baker Hughes Oil Rig Count – 1PM ET
🇺🇸 Baker Hughes Total Rig Count – 1PM ET
🇺🇸 FOMC’s Daly Speaks – 2:30PM ET

🎯 OP Outlook

Bulls remain in firm control. With the Fed easing again and further cuts projected before year-end, every dip looks like a setup for another squeeze. Until we lose that 580 QQQ pivot, consensus = “bulls on parade”. Stay nimble, stay disciplined, and keep stacking your gains.

💡 Reminder: Today is Secret Sauce Live Stream Day – see you in OP Chat.

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