Daily Pre-Market Trend-Following Trade Plans | June 24, 2025

📈 Market Trend

Maybe the Iran-Israel war is over, maybe it is not. This morning, the streets seem to think it is over. Stocks are up in pre-markets.

Yesterday’s stock market action was up, then down and finally up again when the streets understood that the Iran situation was getting de-escalated.

The SPX moved above a key resistance level and gave an early indication that it was not about to get weaker that easily. See that in the SPX daily chart:

We can see that yesterday’s strong move took out 3 weak days in one shot. The next step is to see whether the SPX can stay above that level of 5999 which now should (again) act as support.

Bitcoin has made a move back over 105k. This time I want to see it make new highs before I get back in it in my trading account. Note that I have some BITU 0.00%↑ in my long-term investment account.

TSLA 0.00%↑ was up +8% on the back of what is considered a successful robotaxi launch over the weekend. This move could become meaningful if TSLA is able to make a higher high. See the daily chart below:

The price action remains within that shaded battlefield zone around which the price has struggled in the past. If TSLA price can go over 368, it would make a higher high and maintain the upward trend.

TSLA is up +2% this morning in pre-markets. Price is up to 356. I hold call spreads in my trading account as discussed below.

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📊 Position Overview

• Capital Deployed: Moved up to 65% from 60%.

• Additions yesterday: CRCL 0.00%↑ (added another long portion) and HOOD 0.00%↑ call spreads. More details on these below.

• Trade Bias: All trades are long trades. Long stock/ETF 71%; Call spreads 29%

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📰 Macro Watch for Today

• CB Consumer Confidence (Jun) (10:00am ET)

• Fed Chair Powell Testifies (10:00am ET)

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🔥 Top Ideas for Today