Morning Report + HOOD Slides 🛝

Day Trading Update 6/09/25

Welcome to the morning report, where I go over the setup for the day as it relates to day trading. I’ll review levels using options gamma and show you where the support and resistance lie along with some other proprietary metrics like options skew that have good track records for forecasting bullish or bearish tendencies for the day.

Let’s see what the day has in store for us!

Today’s Setup

We are treading water this morning and we did get a few little positive developments on the Trade War front. It looks like China is being a little friendlier with regard to Rare Earth exports. The auto manufacturers were struggling with that, and you can they were getting to the point of furloughs and layoffs since they couldn’t get the stuff to make the parts. That’s good news.

We also have the Soap Opera of the actual Trade Talks happening now. Talks between China and the US will happen in London.

We get some little watched inflation data today - Fed will be releasing the Inflation Expectations Survey around 11 AM EST - I’ll be watching that one closely. 4-5% inflation expectations out 5 years is about where things stand now.

HOOD is struggling after a bunch of prop firms piled into it thinking it would get added to the S&P500. That didn’t happen and they are selling it as a result. It was setup for a sell prior to this as you can see by the red hump on the bottom clip and the parabolic run on the dailies.

HOOD Was Setup for a Sell Prior to the “News”

A push back up into the falling Anchored VWAP from the highs looks likely here, where it would be a short.

HOOD - A Push Back Up into Yellow Line (Anchored VWAP Off “The Highs”) is Likely and It Would Be a Short Right There