September 8, 2025

Markets:

Stock futures edged higher Monday as investors prepared for a data-heavy week featuring two closely watched inflation reports.

The Producer Price Index (PPI) for August is due Wednesday morning, followed by the Consumer Price Index (CPI) on Thursday. These reports come on the heels of last week’s softer-than-expected jobs report, which strengthened expectations that the Federal Reserve will cut benchmark interest rates at its upcoming policy meeting. Some traders are even betting on the possibility of a half-point cut, according to FedWatch data.

In the premarket, shares of AppLovin and Robinhood Markets each jumped more than 8% after S&P Global announced both names will be added to the S&P 500.

Portfolio:

It’s a beautiful Monday morning and we’re excited to kick off a busy week. We enter holding setups in RKT, OSCR, ONDS, and NIO, with an active queue and multiple updates and trade alerts expected in the coming days.

Technically, things are very straightforward right now. We’ve been providing exact trendlines and support/breakout levels:

SPY: 645 remains key support, while 650 is the major resistance. A break and sustained move above 650 would be significant. We doubt that happens before Wednesday/Thursday’s data, but this market has surprised before.

QQQ: Watching for a break and hold above 585. If that happens, 600 is in play with a potential runway to 625 by year-end — which could mean another 10% move higher to close out the year.

IWM: Already in breakout mode. Late Friday we flagged a massive multi-million-dollar trade in Jan 2026 260/290 call spreads — a strong vote of confidence.

And one more time — because we continue to get emails asking about calling tops — we are not in the business of fighting momentum. Trying to short this market has been painful for those attempting it.

Here’s what we keep reminding everyone: the market cannot top until CTAs flip green for the year. MSCI continues to outperform hedge funds by over 5%, and you can bet hedge funds will chase performance into year-end. The chase hasn’t even started yet — and it’s only September.

Be ready today and let's have another great week!