OpenAI delay

Outlook 06/26: Stock futures tick lower on Friday as OpenAI is reportedly considering delaying its IPO and as a sell-off in tech gathered pace amid mounting concerns over the rising cost of artificial intelligence infrastructure. Chip stocks were weaker after a New York Times report that OpenAI is considering delaying its IPO to next year because of SpaceX’s poor performance following its debut and overall volatility in AI-related shares. The report raised concerns about “sustainability of their infrastructure spending given the delay in funding from the capital markets,” wrote JPMorgan traders in a note.

ESU26 (Sep2026): YVAH 7454 YPOC 7421 YVAL 7412 GAP 7438

/ES Plan: Yesterday market closed bearish (PBT 7350), and overnight continues on that way, moving below previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YLOD 7390 with bullish internals/delta, buy towards GAP 7438 and YVAH 7454 magnets.

B) If market moves below YLOD 7390 with bearish internals/delta, sell towards ONL 7357 and PBT 7350 magnet.

Note: If market opens below value and it begins to trade within value, VAR bullish setup comes in play. It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. Fridays are rebalanced days for managers to open or close positions. 

Market Movers

10:00 University Michigan Sentiment

11:30 Fed's Kashkari Speaks

13:00 Trump Speaks

13:00 US Baker Hughes Oil Rig Count

13:30 Trump Speaks at Event

15:30 CFTC COT report

 

Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH)