July 10, 2025

Markets:

Stock futures were little changed Thursday as traders continued to try to shake off the tariff tumult a day after Nvidia led the Nasdaq Composite
to a fresh record.

The S&P 500 and Dow Jones Industrial Average posted their first positive sessions in three with a rise of 0.6% and 0.5%, respectively, while the Nasdaq Composite jumped 0.9% and closed at a record. Those gains were spurred by optimism around the artificial intelligence trade, which sent Nvidia
shares nearly 2% higher to briefly become the first public company to be valued at $4 trillion.

The bullish AI sentiment helped lift stocks as investors moved past the latest developments surrounding Trump’s tariffs.

President Donald Trump said late Wednesday that a 50% U.S. tariff on imported copper will take effect Aug. 1. Trump also announced a 50% tariff on Brazil partly in retaliation for the current trial against former Brazilian President Jair Bolsonaro for his role in an alleged attempt to overturn the country’s 2022 election results. The move was also due to the “very unfair trade relationship” with Brazil, Trump added, saying it has been “far from Reciprocal.”

Portfolio:

We enter the day holding setups in BTBT, RKLX, and AUR.  Nice building day yesterday for our holdings and FOMC came through.  The day after FOMC always brings on new trends and we will be sure to follow closely where money and flow are.  

Bitcoin on a launch pad, which launches IBIT.

META wants 750.

SPY broke out of TL resistance, retested, and moved higher. 622 now a level. Bull gap still in tact, and bear gap still in tact. Bear gap remains from 624.72-625.36. Another TL resistance on 65m breaking (around 624) would fill it and send to ATH again.

NVDA and MSFT saw massive flow come in.  Watching these two leaders closely as traders look for even greater upside here.  

Market wants higher and folks continue to try and call tops and miss this.  Just wait until the chase begins and thats when the real fun in the markets begins.  We are close!