Rick’s Trading Blog: September 10, 2026
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Pre-Market Market Pulse: Navigating Headwinds & Following the Trend
Good morning, traders. (6:00 AM Eastern)
The broader market continues to show clear divergence beneath the surface. While the SPY manages to hold above its 50-day moving average, equal-weight RSP remains stuck below its 50-day MA. This tells us breadth is narrow and large-cap leaders are doing the heavy lifting.
Macro Headwinds: Energy & Inflation
Energy costs remain a primary catalyst fueling persistent inflation, and the pressure on equities is palpable:
- Crude spikes: Geopolitical tensions in the Middle East have driven Brent crude to the $102 mark and WTI to $97.35.
- Equity pressure: Elevated input costs continue to squeeze margins and weigh directly on sentiment.
Technical Outlook: Simply Follow the Trend
Across the major indices, the dominant trend remains downward. Price sits below the T-Line (8 EMA), and the T-Line is tracking below our trend indicator.
- Trading Long? You are fighting significant market drag. Taking long positions isn’t off-limits, but the broader market weight is against you.
- The Long Setup: If you take long setups, insist on relative strength: price must be above the T-Line, with the T-Line above the trend indicator. Don’t compromise on structure.
Key Breadth & Sentiment Indicators
- T2108 (Stocks > 40-day MA): Closed yesterday just under 32%. For bulls to regain confidence, we need to see this push back above 40%.
- T2123: Printed another close below both the T-Line and the indicator (red dots), confirming sellers remain in control of intermediate breadth.
- VIX ($16.46): Reclaimed the 50-day moving average, with $17.50 now in sight. Rising volatility rarely acts as a tailwind for the bulls.
Price Action & Execution
Price action is simply the aggregated psychology of every participant in the market. At Hit and Run Candlesticks, we focus on high-probability setups:
- Identify bases close to established support.
- Wait for confirmation poised in our direction.
- Scale out and lock in profits into strength.
Keep it simple: follow the candles, respect the indicators, and let the trend dictate your positioning.
My Trading Plan for Today
- The Opening Bell: In the opening minutes, defense comes first. I will assess current positions—determining whether to cut an underperformer, take profits into strength, or tighten stop alerts.
- Watchlist Focus: Scan for charts showing a clear short-term thrust followed by a controlled pullback to support, aligning with the broader trend.
- Capital Preservation: Never force a trade in choppy or adverse conditions.
Remember: Cash is an active, defensive position.
Trade smart and have a great session.
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Current Portfolio Status: WMT, SPCX, SKHY, TSCO, HOOD, NFLX, AMZN
Recently closed; taking the Road to Wealth Account to 500K from $4000
NFLX 14.5% profit, NFLX 11.5% profit, PLTR $734.00 profit, NVO, $1114.00 gain, QQQ $450.00 gain, KLAR 25% gain, HIMS 25% gaim, HOOD 45% gain, INTC 35.4% gain, 1/2 INTC 22% gain, Made 2 SPY day trades 5 goals put away, SPY 21% gain, ALKS for 2 goals, IREN 26%, FIG 80% gain, FIG 80% gain, PLTR 53% gain, PTIR, 61% gain, SMCI 50% gain, IREN 44% gain, 1/2 SMCI 15% Gain, FIG 29% Gain, GEO 62% gain, KO 13% gain, NVDA 44% gain, AAPL 22% gain, TSLL 40% gain, CRML 27% gain, INTC 32% gain, NOK 58%, 2/3 CRML 27% gain, WMT 35% GAIN, IREN 23% gain, OKLO 32% gain, PTON 4% gain, Z 22% gain AAPL 50% gain, SOFI 50% gain, OKLO 40% gain, BABA 44% gain, HIMS 46.5% gain, ORCL 20.5%, 1/2 SOFI 17.5%, U 22% gain, ORCL 34.5% gain, MRVL 30% Gain, ARM 42% gain, Closed 1/2 NFLX 40% gain, 1/2 NOK 19.5% gain, NOK 28% gain, ACHC 12% gain
Stocks of Interest:
TEAM, PAYC, NOW, VEEV, GENI, U, FIG, UEC, COTY, CCC, SNPS, KTOS, DDOG, GOOG, ADBE, PGY, IBM, QBTS, GOOGL, GEN, EH, CCJ, PL, RCAT, TTAN, UUUU, GLW, BA, JOBY, RGTI, BWXT, Z, VOYG, LUNR, LHX, RDW, PYPL, ONDS, SMR, OKLO, CRML, IONQ, UFO, ULTA, CHTR, AVAV, SOFI, ARKX, USAR, NU, SO, LDOS, ASTS, RKLB, AXP, FLY, MP, D, NOC, RTX, CHWY, QCOM, DUK, SPCX, CEG, LMT, INTC, AMD, EPAM, MU
✅Space Stocks: RKLB, ASTS, SATS, PL, FLY, LUNR, RDW, VOYG, SPCX
✅Quantum Stocks: IBM, QBTS, RGTI, IONQ
✅Rare Earth Stocks: MP, USAR, CRML, UUUU
✅Finteck: V, MA, PYPL, AXP, STRIP, SOFI, NU, PGY
✅Nuclear Stocks: CCJ, CEG, DUK, SMR, SO, UEC, OKLO, D, BWXT
✅Drone Stock: KTOS, AVAV, RCAT, NOC, JOBY, EH, ONDS
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