Paper Gains
RoboTaxi Day & WWDC [LIVE]
6/9/2025, 5:56:46 PM
Economic Summary
- US-China trade talks this week are a primary directional catalyst and could swing market sentiment either way; trade headlines (e.g., Boeing demand) may amplify moves in specific stocks like BA.
- Key macro data is concentrated midweek: CPI on Wednesday and PPI on Thursday, plus a large Treasury auction; these are likely market pivots and will strongly influence rates and risk appetite.
- Labor and inflation indicators are mixed: nonfarm payrolls were roughly in line, unemployment steady at 4.2%, but initial jobless claims have ticked up (around 247k), which is soft data that could support eventual rate cut hopes if the trend continues.
Bullish
- SPY: Break and close above Friday’s high could push toward 608–625 range.
- Tesla: Holds above 291 and intraday levels imply a run toward 320.
- Boeing: Headlines and trade negotiation support could drive bullish demand.
- JPMorgan: Bullish engulfing intraday setup with potential quick move into the 270s.
Bearish
- Apple: WWDC is typically a sell-the-news event and price may chop or dip after the keynote.
- Tesla: A close below $291 risks more downside and invalidates the near-term bullish thesis.
- SPY: Failure to hold 595 can trigger a drop toward 578 (and potentially 565) in short order.
- UPS: Chart shows long-term distribution; restructuring/layoff headlines may not justify higher valuation.
- Space/rocket names: Some space stocks may be overextended on anti-SpaceX momentum and could pull back.
Bullish tickers
SPYTSLABAJPM
Bearish tickers
AAPLTSLASPYUPSRKLB
SPY
4 price targets
608625578565
Bullish
A sustained break and close above Friday’s high near 600–608 could propel SPY into the 608–625 range.
Bearish
If SPY closes below ~595, expect a quick move toward 578 and possibly 565 as key imbalance zones.
AAPL
3 price targets
198.25195215
Bullish
The stock is already de-risked into the event; a close above tomorrow’s high would likely signal the sell-off is over.
Bearish
WWDC is likely a sell-the-news event; failure to reclaim today/tomorrow's highs could lead to short-term weakness.
TSLA
5 price targets
291305320358286
Bullish
Holding above 291 with intraday follow-through targets a measured move to ~305 and then toward 320 as event risk gets priced out.
Bearish
A close below 291 (and especially intraday breaks toward ~286) would indicate sellers regain control and further downside.
BA
2 price targets
212235
Bullish
Positive trade negotiations and headlines can send BA toward the 235 zone after clearing the 212 consolidation.
Bearish
Boeing has volatility tied to headlines; hiring and trade chatter could reverse sentiment quickly.
JPM
2 price targets
270277
Bullish
Intraday bullish engulfing setup suggests continuation into the 270s and fast follow-through toward upper pivots (~277).
Bearish
Intraday pullbacks could occur if momentum stalls; no explicit long-term bearish thesis given.
UPS
Bullish
If operational improvements materialize, a re-rating is possible, but catalyst visibility is limited.
Bearish
Chart suggests multi-year distribution; restructuring headlines may not be enough to justify a major re-rating higher.
RKLB
Bullish
Sector interest and catalysts can still produce outsized moves; selective bounces possible on idiosyncratic news.
Bearish
Space/small-cap rocket names may be over-juiced by anti-SpaceX sentiment and could correct sharply.
HOOD
Bullish
Author noted he bought RH at depressed levels, implying belief in a rebound if price stabilizes.
Bearish
Robinhood (RH) described as ‘in the gulag’—risk remains if the recovery lacks conviction.
ADBE
Bullish
Chart looked interesting to the host, implying potential setup if momentum returns.
Bearish
No immediate bearish case presented; lack of near-term catalyst could limit upside.
ANET
Bullish
Strong run off lows; longer-term upside remains if it finds breathing room and a catalyst.
Bearish
Has rallied significantly from lows and may need time to consolidate; risk of short-term stall.
People mentioned
Donald TrumpTom CrownAmitJeffSteveJasonSavageElon MuskJd VancePatrickJamieMiss CleoPeterEddieLoretta