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Nakagai Daily Brief

Wed 7 Oct 2026

Before the open, every trading day

Premarket

S&P 500SPY
-0.44%
at 775.68
Nasdaq 100QQQ
-0.75%
at 753.94
DowDIA
-0.81%
at 510.36
Russell 2000IWM
-0.93%
at 278.71

IEX premarket price against the prior close.

Stocks closed higher but premarket prices point lower on Iran tensions.

Tone

The S&P 500, Nasdaq 100 and Dow closed up about half a percent. The Russell 2000 slipped 0.7%. Premarket, all four are lower, small caps down the most. The S&P 500 structure score is 75, leaning bullish: a short uptrend, price near the top of its range. The uptrend is the bigger picture, not the premarket dip.

Iran is the main driver: an adviser to Iran's Revolutionary Guard said the Strait of Hormuz will remain closed until demands are met. AI caution is the second thread: Fidelity's Timmer warns of a stealth correction as an earnings boom collides with rising yields. Warren Buffett's portfolio sold Alphabet and Broadcom, and Google was ordered to halt work on two data centers in the "Texas of Europe". Alphabet drew the heaviest company coverage overnight.

No economic releases are listed for today. Levi Strauss and Applied Digital report after the close.

Structure

Leaning bullish75/100

Describes where SPY stands now. Not a forecast.

  • SPY above its 20-day average+25
  • 20-day average above the 50-day+25
  • In the upper third of its 20-day range+23.05
  • IEX premarket -0.4% vs prior close+1.53

News

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Today

Economic releases

No scheduled releases

Earnings

  • LEVILevi Strauss & Co.after close
  • APLDApplied Digital Corporationafter close
  • RELLRichardson Electronics, Ltd.after close
  • RGPResources Connection, Inc.after close

Key levels

LevelS&P 500SPYNasdaq 100QQQDowDIARussell 2000IWM
Prior close779.10759.62514.55281.32
Prior high781.59762.83515.96284.63
Prior low777.98759.18513.51280.76
5-day high781.59762.83515.96284.63
5-day low758.82736.25504.92275.51
IEX premarket775.68753.94510.36278.71

Informational only. Not financial advice or a trade signal.

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