February 10, 2025

Markets:

Stock futures rose early Monday, as investors braced for a data-packed week ahead and eyed news that President Donald Trump may announce a new round of tariffs.

Trump told reporters on Sunday that he’s planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday. Trump did not specify when the tariffs would be imposed and noted that he would also issue retaliatory tariffs on countries that tax U.S. imports. The news comes as Trump’s previously announced duties on China are set to go into effect at midnight on Sunday.

The threat of more tariffs comes ahead of a slew of economic data this week. The January consumer price index report is due out Wednesday at 8:30 a.m. ET, followed by initial weekly jobless claims and the producer price index on Thursday. Federal Reserve Chair Jerome Powell will also speak before Congress on Monday morning.

Portfolio:

Monster week ahead and we enter the new trading week holding setups in KODK, ASAN, S, TSLL, and SOXL.  Monster week ahead for data points and also key earning reports we will receive from the likes of APP, UPST, and RDDT to name a few.  We also have Federal Reserve Chair Jerome Powell speaking to congress.  Wednesday and Thursday we receive key data reports with CPI and PPI.  These are market movers!

Key trend lines we are watching and following.  SPY 600 on the downside and 606 to the upside with 611 next level.  QQQ we want to see above 531, then 533 etc.  Downside we have 520 hardline.  Really straight forward right now and not much to overthink.  Watching flow and price activity in specific sectors and we attack as it develops. We change is to adjust the stop on TSLL to 20.50. Be ready and let's have a monster week!