June 10, 2026
Yesterday’s Performance
Published to Our Community June 10th, 2026 at 5:10 AM EST
Delivered to Inbox at 8:30 AM EST
ASTS hit our $101 target yesterday before pulling back sharply while our yellow-alert status allowed us to quickly pivot to shorting the market after other trade ideas in the morning failed. This resulted in outperformance on the day by many community members, especially those who tuned into the live stream and traded put options live with team member Dougie Fresh Picks.
YTD: +92.19% as of June 7th
*Above performance reflects performance in a short-term trading portfolio managed by our CEO based on top trade ideas shared daily in this note, on live streams, and in Discord. Long-term account performance is not regularly tracked in this daily note. Individual results will vary. Past performance is not indicative of future results. StoryTrading contributors may buy, sell, or liquidate positions discussed at any time without notice. Not investment advice. See storytrading.com/disclaimer for important disclosures.
Macro Discussion
Markets continued their correction yesterday under our yellow alert status.
QQQ has further downside to $674 to $677, SPY can see as low as $720, and IWM can see $276 to $280. All of these targets could possibly be seen today after CPI is reported later this morning.
If CPI doesn’t trigger a move to those levels, PPI tomorrow, or the SpaceX IPO on Friday could.
Tensions in Iran are also rising as the United States struck back at Iran for the downing of an Apache helicopter. However, USO has stayed relatively stable, and we do not attribute the current correction to that conflict.
Of note, we have stayed at yellow alert, rather than red alert. This means, at this time, we believe we are in a correction, rather than the start of a bear market. It’s possible the levels above will be the lows but we will likely stay at yellow-alert through the balance of the week in case PPI or the SpaceX IPO cause further downside.
Today’s Signal: 🟡
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