Morning Report + PPI + BA Chart ✈️

Day Trading Update 6/12/25

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 got some headlines this morning as BA and GE are down on a plane crash in India. When I was an engineer, I made those engine turbines and it’s not fun when a plane crashes and they do investigations. I’d like to say there will be no issues for either one of them, but I doubt that’s true because BA has a terrible track record now.

The chart on BA was screaming we’d see a sell soon.

BA Chart was Setup for Sell Before the Plane Crash News

Tariff Man was back at it again this morning rattling his Sabre. 🤺 Markets are not thrilled about that. We are seeing reports about this “Deal” simply being another way to kick the can down the road. China has structured the Rare Earth Element export licensure such that it expires in 6 months. So, we’ll go through this Kabuki Theatre again in a few months. Again, we aren’t surprised - none of these countries will want to make a deal now that their currencies and markets continue trouncing the US markets. They’ll want to keep things more or less the same here and drain the US of assets slowly.

The US Dollar is dumping again, down almost 1% this morning after almost a -1% move yesterday. Once again - capital is leaving the US markets and going into Asia and Europe. 💸💸💸 If the US market goes up 1% and the US Dollar goes down 1%, then nothing really changed in the real actual wealth for someone in the US that buys most of his stuff from the rest of the world. Remember that.

PPI has us popping a little bit this morning, off the lows. Subs I will review that setup - it’s similar to yesterday. This report is tame, but there was a wrinkle deep in the report that most people are probably not seeing. We are seeing wholesalers finally start to pad margins via price increases. In April they didn’t do that, but in May they started to do it. The next CPI and PPI reports will not be so kind to us as retailers finally implement their price hike strategies to deal with the Tariffs.