$SCHA $IWM took my paydays off for OK-good payday %. Don't wan the added risk over a weekend.
Source: Sunrise Trader
iShares Russell 2000
IWM277.9000.37% ( -1.040 )
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- M
Yields r/g. Bonds and all rate sensitive instruments reversing. I booked my small gains in $XLU and $IWM calls. $IWM is back at this rejection spot.
- F
Market momentum is still on our side. That does not mean we buy everything at the open.
My filter for a strong trend day:1. Index is holding its short-term averages2. The stock is already in its own uptrend3. It is near an entry, not 15-20% extended from the breakout or 9ema4. Volume confirms. No weak breakoutsIf it fails that list, I leave it. Most of my money comes from sitting out the junk and pressing the few names that are actually working.I’ll post the ones that clear this during the session. $SPY $QQQ $IWM - F
$IWM is the cleanest way to play the Mag 7 rotation.
H1 2026:$IWM +23%Mag 7: 0%Russell 2000 Q2 beat rate: 68%Forward P/E: ~18x vs SPY ~22xWhy it works? 70% domestic revenueEarnings growth forecast: 48% vs S&P 500 at 24%The levels (options + price):$300 = resistance (call wall, 78K OI)$292-$294 = current demand zoneWhat is my trade? - Above $300 on volume will give us breakout. - $292 to $300 is range trade, buy dips, sell rips- Below $288 means, thesis break, cut or hedge. - H
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: onsemi to Acquire Synaptics in $7 Billion All-Stock Deal - $ON Semiconductor(ON.US) $Synaptics(SYNA.US)
👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤ 𝐨𝐧𝐬𝐞𝐦𝐢 will acquire 𝐒𝐲𝐧𝐚𝐩𝐭𝐢𝐜𝐬 in an all-stock deal valued at approximately 𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧.➤ Synaptics shareholders will receive 𝟏.𝟑𝟓𝟎 onsemi shares for each Synaptics share.➤ Exchange ratio represents a 𝟏𝟗% premium to the 10-day volume-weighted average price.➤ Synaptics shareholders will own approximately 𝟏𝟐% of the combined company.➤ Transaction was 𝐮𝐧𝐚𝐧𝐢𝐦𝐨𝐮𝐬𝐥𝐲 approved by both companies' boards.➤ Deal is expected to close in 𝐦𝐢𝐝-𝟐𝟎𝟐𝟕, subject to shareholder and regulatory approvals.➤ onsemi expects the acquisition to be 𝐚𝐜𝐜𝐫𝐞𝐭𝐢𝐯𝐞 to non-GAAP EPS within 𝟏𝟖 months.➤ Company targets 𝟐𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in annual synergies after the acquisition.➤ Combined company could expand its 𝐓𝐀𝐌 by 𝟑𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 to 𝟐𝟒𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 2030.👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:➤ Acquisition broadens onsemi's portfolio across 𝐞𝐝𝐠𝐞 𝐀𝐈, connectivity, and sensing.➤ Combined technologies strengthen exposure to 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞, industrial, and AI infrastructure markets.➤ Expected synergies and EPS accretion could enhance 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 shareholder value.👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:➤ "This shift towards Physical AI will require Power, Sense, Connected Compute and Control to work together seamlessly." — 𝐇𝐚𝐬𝐬𝐚𝐧𝐞 𝐄𝐥-𝐊𝐡𝐨𝐮𝐫𝐲, President and CEO of onsemi.➤ "The all-stock structure allows our shareholders to participate in the compelling growth and value creation opportunities ahead." — 𝐑𝐚𝐡𝐮𝐥 𝐏𝐚𝐭𝐞𝐥, President and CEO of Synaptics. - T
Micron led the market after announcing a strategic partnership with Anthropic, reinforcing investor confidence in demand for AI-related memory products such as HBM, DRAM, and SSDs. The stock reached a record high ahead of earnings, with options markets anticipating significant volatility. Despite Micron’s strength, broader technology megacaps weighed on major indices, pushing the Nasdaq and S&P 500 lower. In contrast, small-cap stocks outperformed, with the Russell 2000 surpassing 3,000 for the first time. The session reflected a divergence between AI-driven semiconductor optimism and weakness among large-cap technology names.
☕️ [Task Coins Giveaway] Daily Market Talk — Micron Tops $1,200 Before EarningsIt's all about AI today. Micron ripped nearly 7% to a record above $1,200 on a long-term memory deal with Anthropic, two days before its earnings. SpaceX went the other way, cracking 16% back below it...
- F
I am going through my scans for the next 30 minutes. If you have any chart requests, drop the tickers below and I will take a look.
Once I am done, I will post my top 3 favorite setups from today's list. Let's see what is building a clean base.#SwingTrading $SPY $QQQ $IWM - F
This is when we have to show discipline. When indices like $SPY, $QQQ, $IWM are at ATHs and banks like $Goldman Sachs(GS.US) are now giving 8000 and 9000 price targets, you should read in between the lines.
It's really easy to get that FOMO and force entries on extended charts just to catch a piece of the move. But this is exactly when I slow down.The real test isn't finding another A+ setup when everything is extended. It is having the control to sit on your hands, let the best ideas come to our entries at 9 or 21ema or even better 50ma.Wait for the levels to reset so you can actually define your risk. Protect the capital first. - F
I just finished going through my scans, and it's clear that market is in a really good mood right now.
There are so many great ideas with A+ setups across the board that the biggest mistake you can make right now is overcomplicating things.When the market is moving together like this, it is easy to overthink about pullbacks, worry that things are too high, or try to short the trend. You do not need to overthink it or try to be the smartest person in the room. Just read the room, follow the momentum and stop fighting a strong trend.$SPY $QQQ $IWM
