🤔Morning Report - What's Next?

Day Trading Update 10/13/25

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 gapping up bigly. We have gaps in the futures. I’ll go over the stats for subs for chances of filling. Sorry for the delay in the note, I had some machine problems this morning and had to do go to some backup files. This kind of thing always happens when there is major market action, right?

Trump TACOed again and that’s what is driving the gap up. The action overnight suggests Asia bought it and Europe is selling it down. We are at a critical spot of support here, near the anchored VWAP off “the lows.” If it breaks down, that’s going to trap longs and chances of a gap fill go up.

Overnight Action Asia Bought It, Europe Sold It

It also means we might have a tougher time this morning since Europe is selling. The afternoon might be better. The Europeans like to use the morning session to sell their stocks. There is no economic data today, we are going to have to see just how far Vix falls (its finding support at 19.5, just like I mentioned in the Weekly Note so far this morning which is bearish).