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Pre-Market Update — Monday, August 10, 2026

By · Independent market intelligence from Sunday Night Futures LLC

Pre-Market Pulse: Risk tone is cautious-flat as crude spikes on Hormuz headlines and futures drift slightly red into the open.

Overnight Action

Asia ripped overnight — the Nikkei closed +2.08% at 66,970 and the Hang Seng added +1.6% to 25,937, extending the FOMO chase Reuters flagged this morning. Europe is quieter but green: DAX +0.93%, Euro Stoxx 50 +0.45%, FTSE 100 basically unchanged. US futures fade the enthusiasm: ES -0.07% at 7,774.5, NQ -0.10% at 29,804, YM -0.19%, and RTY the laggard at -0.30%. The real story is energy — WTI +2.01% to $79.75 and Brent +1.87% to $85.11 as traders monitor the Strait of Hormuz.

Movers Before the Bell

(Moves on thin pre-open volume — expect noise at the cash open.)

  • ▸$META +2.19% to $605.09 — leading mega-cap tape, no fresh catalyst but continues the breakout momentum theme.
  • ▸$AAPL -1.18% to $309.62 — the notable mega-cap laggard, weighing on $QQQ despite broader tech resilience.
  • ▸$AMD -1.09% to $478.08 — chip weakness bleeding through; $NVDA also softer at -0.27%.
  • ▸$USO +2.97% to $121.48 — clean read on the Hormuz bid; energy names should gap higher at the open.
  • ▸$GLD -0.38% to $396.97 — gold offered despite the geopolitical tape, with $GC -0.27% to $4,387.7. Odd tell — either the Hormuz risk is being faded quickly or dollar strength is capping the metal.
  • ▸$GOOGL +0.81% — quietly bid alongside $META, keeping mega-cap breadth mixed rather than broken.

Still Ahead Today

The calendar is quiet on the US high-impact front after Friday's ugly Nonfarm Payrolls print of -23k and Unemployment at 4.1% — that jobs shock is still the macro backdrop traders are digesting, and it's why the FOMO-breakout narrative Reuters is running feels stretched here. Watch headlines out of the Gulf; any escalation language moves crude and equities in opposite directions fast.

Game Plan

$SPY last $773.15, prev close $773.26.

  • ▸Resistance: $775 (Friday's high zone) — a reclaim opens $778.
  • ▸Pivot: $773 — bulls need to defend on any Hormuz-driven dip.
  • ▸Support: $770, then $767.50 — loss of $770 flips intraday bias short.

Trade idea: Fade strength into $775 if crude keeps climbing (energy tax on consumer + tech); buy the dip at $770 only if oil rolls over and $USO gives back gains. Small-caps ($IWM -0.16%) are the tell — if $RTY stays weakest, the reflation-breakout thesis is on borrowed time.

Sunday Night Futures — for informational purposes only. Not investment advice.

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