July 17, 2025

Markets:

U.S. stock futures were little changed on Thursday as traders pored through the latest earnings and weighed the latest in President Donald Trump’s feud with Federal Reserve Chairman Jerome Powell.

The earnings season is off to a strong start. More than 45 S&P 500 components have reported thus far, with 87% of those exceeding analyst expectations, FactSet data shows.

Wall Street is coming off a winning session after Trump denied that he was planning to fire Powell from his position as Fed chief.

Asia-Pacific markets mostly ended the day higher Thursday.

Portfolio:

We enter todays session holding setups in BTBT, SPCE, QS, AUR, and MSTU.  Many are close to breaking out towards their targets we set.  Hoping today we get the push.  Queue continues to ignite and we truly feel the next few weeks have the potential to truly deliver with tech earnings to come as well as other events this administration has outlined.  Should earnings deliver, we see a clear runway into the Fall.

Want to see SPY break and hold 626 and then make a run for 630.  QQQ continues to do its thing and continues to build.  We want to see IWM fully join in and then we have the chase begin.  

NFLX earnings tonight.  TSM delivered this morning for the semi's.

Tomorrow is a big monthly expiration day, it's why we remain a bit cautious and want to see a few positions get to their targets today.  

Be ready today.  We want to continue to position ourselves for the weeks to come, especially with the monster tech reports coming over the next two weeks.