July 20, 2026

Markets:

Stock futures are higher Monday morning as traders react to the latest developments in the U.S.-Iran conflict. Oil was volatile overnight, but crude has since pulled back from its highs, with WTI trading around $82 per barrel and Brent near $88.

Semiconductors are leading the rebound after last week’s sharp selloff. The VanEck Semiconductor ETF (SMH) is up more than 1%, with Micron, AMD, NXP Semiconductors, and Teradyne all posting strong early gains.

Last week was a difficult stretch for equities, especially tech. The S&P 500 fell 1.6%, the Nasdaq dropped 2.9%, and SMH lost nearly 9%, marking its third weekly decline in the last four weeks.

Portfolio:

We enter the new trading week holding setups in NVDL, ORCU, and TSLL. The QQQ is beginning to show signs of life again, and after the pressure we saw over the past two weeks, that is exactly what we want to see.

With a major earnings week ahead, we believe the market’s focus is about to shift back toward technology and AI leadership. The next month could present some of the best opportunities we have seen since the April-May rally.

This week is straightforward: it is all about tech earnings. Alphabet reports Thursday, and the stock once again found support at its 100-day moving average, similar to the setup we saw in June. The results will likely have a meaningful impact on META and MSFT, with investors watching cloud growth, advertising trends, and capital expenditure guidance very closely.

QQQ should offer excellent price action throughout the week, and we expect volatility to create plenty of actionable setups.

Also, make sure to check out our new Traders Hub located at our sister service MTOptions: https://mtoptions.com/traders-hub/

It includes a growing library of trading tools and market resources. The final piece of our sector rotation series will be released soon.

Be ready.  Looking for a monster week ahead in setups.