June 24, 2025

Markets:

Stock futures rose early Tuesday after President Donald Trump said that a ceasefire between Israel and Iran had come into effect, marking the latest sign of easing tensions in the Middle East.

“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” Trump said in a post on Truth Social around 1 a.m. ET. That comes after he had announced the ceasefire hours earlier, which Israel confirmed. Later on Tuesday morning, Trump said that “ISRAEL is not going to attack Iran,” and reiterated that the ceasefire was still in effect.

Tuesday’s gains in stock futures put the Street on track to build on Monday’s strong advances. The major averages jumped after Qatar’s Defense Ministry said that its air defense had intercepted Iran’s retaliatory strike on a U.S. military base.

Stocks also caught a tailwind from falling oil prices on Monday. WTI futures reached their highest levels since January overnight, but settled down more than 7%.

On Tuesday morning, traders will watch Federal Reserve Chairman Jerome Powell as he speaks before the House Financial Services Committee and presents the central bank’s monetary policy report. The central bank chief will go before the Senate Banking Committee on Wednesday.

Portfolio:

We enter this beautiful session holding setups in SOXL, NVDL, OSCR, and LCID.  People still do not understand the opportunity they have over the next several months.  This will be an absolute fantastic summer for traders.  SPY is on the verge of breaking towards new 52 week highs.  We see QQQ making a run at 550.  Next few days will be very telling but this market had every opportunity to sell off but refuses too.  Pass the tax bill and new highs will come quicker than anyone can imagine and we will be in breakout land.  

Anticipate updates and new trades.  Market is starting to get hot and we are in attack mode.