Morning Report + Jobs, Jobs, Jobs! 🏢👷‍♂️👩‍🏭

Day Trading Update 6/06/25

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 ripping here as I type this around 945 AM EST. The jobs report came in “good” - with a measly 139,000 jobs added no less. Market has been getting awful economic data recently, so it didn’t take much to rip it this morning.

The report showing yet another miss in inflation with Avg Hourly Earnings up 3.9% on a 3.7% consensus. This is going to bite later in the summer. Participation rate edged down to 62.4% - so this “beat” is very low quality.

We reviewed the long setup last night and the day before, I hope subs were able to make some money on those trades. The reason it was setup so well for longs yesterday was because we saw lots and lots of buy programs vs sell programs even with the little bit of afternoon weakness. That’s very bullish normally.

TSLA 0.00%↑ is recovering about half of what it lost yesterday. I showed that setup last night in the Daily Note, resting on institutional support. I had some setups for longs yesterday on TSLA in the Short-Term Portfolio, but they didn’t make the cut for quality (I only trade like the top 3-5% of setups in that Portfolio). Updated chart for TSLA below.

TSLA Holding Support So Far, Nice Short-Term Bounce