June 16, 2026
Markets:
Stock futures were little changed Tuesday, while SpaceX built on its monster post-IPO rally, after the Dow Jones Industrial Average climbed to a fresh record during the previous session thanks to a potential deal between the U.S. and Iran.
SpaceX popped 5% in premarket trading, adding to its sharp gains since going public last week. The company priced its initial public offering at $135. It traded around $208 before the bell, 54% above.
In Asia, Japan’s Nikkei 225 reached hit an all-time intraday high and ended 0.13% higher, while South Korea’s Kospi jumped 2.11%. Hong Kong Hang Seng Index was the worst performer among major Asian indexes, dropping 1.64%, while mainland’s China’s CSI 300 fell 0.15%. Australia’s benchmark S&P/ASX 200 ended flat. The pan-European Stoxx 600 index traded 0.6% higher, with regional gains led by industrial and banking stocks.
The moves came after President Donald Trump announced that the U.S. and Iran had reached a deal to end the war in the Middle East.
Elon Musk’s SpaceX will buy AI coding startup Cursor from acquiring its parent company Anysphere for $60 billion. This comes after SpaceX’s record-breaking debut on the Nasdaq last Friday that made Musk a trillionaire and SpaceX over $2 trillion in valuation.
The merge will happen in the third quarter this year, SpaceX said. Back in April, the company had two options: acquire Cursor for $60 million or pay $10 billion for their new partnership.
The deal can help SpaceX be a more competitive player in AI coding market. The company already merged Musk’s xAI with the space tech company in February.
Portfolio:
We enter today’s session holding no active setups and will begin releasing new trades over the next few sessions so please be ready.
The queue is extremely active, but we are staying disciplined and patient. With the Fed decision coming tomorrow, the market is currently pricing in almost no chance of an actual rate cut. Any surprise from the Fed could create a major shift in momentum, and all eyes will be on Warsh during his press conference for any changes in tone or future guidance.
Outside of that, this is a simple week. There is no reason to overcomplicate the process. The priority is getting through FOMC tomorrow and then navigating OPEX.
As we discussed last week, June 18th has historically been one of the weaker trading days of the month on average. Historically, buyers have tended to step in after OPEX week, with June 19th through June 23rd often seeing stronger market action. We are watching this seasonal pattern unfold once again.
This is exactly why we have been patient and why we have kept trade exposure limited this week. Soon we are in full attack mode as that summer runway is about to ignite….
On another note, this weekend we officially launched our new Traders Hub: Free Options Trading Tools | MTOptions Traders Hub
This has been built to provide our community with more tools, more information, and a better overall trading experience. Members now have access to a centralized location featuring an Earnings Calendar, Economic Calendar covering both U.S. and global markets, an Earnings Move Predictor, Expected Move Calculator, Hot Tickers for the trading session, and we are currently finalizing our Sector Rotation tool to help track institutional money flow.
This is just the beginning. Over the coming months, we will continue adding new member benefits, especially around AI-powered tools and enhancements. The MonsterTrades revamp is also underway as we continue expanding and improving the platform.
The next few years represent a major opportunity, and our goal is simple: continue giving our community the tools, information, and resources needed to stay ahead of the market. We will be in full attack mode for the period to come over the next few years and will have our community ready!