What’s driving the markets today 📰

Did you catch my gold play

May 06, 2025

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Olivia Voz → Registration CAPPED.

SPY Strike Zones With Olivia Voz!

Straightforward Trades You Don’t Want To Miss.

Morning traders,

First off, I hope you read up on my email yesterday morning when I shared my take on markets and also that I was watching GDX, here is what I said…

As you can see, we have some pretty big items to watch for, especially the Wednesday Fed meeting. For this reason I’ll be watching Gold and GDX, but more on that tomorrow…..

I took those GDX calls yesterday in my Weekly Wiretaps service and so far so good! My goal is to sell them for around 25 to 30% gains from the overnight swing.

So, what’s driving the markets TODAY and what am I watching this morning?

Key Factors Influencing the Market Today:

  1. Escalating Trade Tensions: President Trump's announcement of forthcoming pharmaceutical tariffs and a 100% tariff on foreign-made movies has heightened fears of a prolonged trade war. These measures have particularly impacted media stocks, with companies like Netflix and Disney experiencing significant premarket losses.

  2. Corporate Earnings and Outlooks: Several major companies have reported earnings that, despite meeting or exceeding expectations, have led to stock declines due to cautious forward guidance. For instance, Palantir Technologies saw its shares drop nearly 9% premarket after raising its revenue forecast, reflecting investor concerns about future growth amid economic uncertainties. I will also be watching closely AMD and SMCI after hours today.

  3. Federal Reserve Policy Meeting: Investors are closely watching the Federal Reserve's two-day policy meeting, which begins today. While no immediate changes in interest rates are expected, market participants are eager to hear the Fed's stance on inflation and economic growth in light of recent trade policy developments.

  4. Safe-Haven Asset Movements: In response to increased market volatility and trade concerns, investors are turning to safe-haven assets. Gold prices have risen to a two-week high, reflecting heightened demand amid economic uncertainties. This is where my GDX call trade idea stems from in Weekly Wiretap which is my single highest conviction swing trade idea each Monday morning. You can learn more about it here if you wish.

Overall markets are a bit weak this morning which makes me think I should be looking to trade SPY puts this morning, but more about that later or tomorrow morning for those not in my Market Navigator service.

With Netflix shares dipping amid proposed 100% tariffs on foreign-made films, do you view this as a buying opportunity or a signal to sell?

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Come join me in the free chat room - cheers and good luck to you today! 

Tuesday’s schedule:

9 - 9:20am ET Premarket scans w/Jeff Williams

3 - 4pm ET Market close w/Jeff Williams

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