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Good Thursday Morning, MPTraders! January 8, 2026-- Pre-Market Update: The Elephant in the Room this AM is Friday!Why? Because tomorrow morning, the consequential December Jobs Report will be released at 8:30 AM ET, and will put the health of the labor market into focus, as well as forthcoming Fed policy.In addition, during tomorrow's session-- or just after the close-- the SCOTUS is expected to render opinions on several cases, one of which could be the legality of the Trump Administration's Tariff Policy...
Written by Mark Malinowski with charts and commentary by Zac Mannes and Garrett Patten Saying that Boeing has been in the news over the last decade for all the wrong reasons is a big understatement. If one was looking at the stock in a vacuum it might appear that stock price has tracked both the ascent and decline of the Max 737 airplanes since 2015. However, if I asked individuals to place these moments on the chart, I think many would be hard pressed to do so. Timeline:Late 2015 - First Max 737 rolled out of the Boeing factory.
I warned yesterday that, even though the market has extended beyond reason and well beyond any norms, we still must stay objective and not assume we will immediately head into a bearish environment until support breaks. So, along those lines, I am trying to identify a long set up while we are still over support.I am including an ES chart in this update because you cannot see this potential set up in the SPX.
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