June 11, 2026

Published to Our Community June 11th, 2026 at 5:10 AM EST
Delivered to Inbox at 9:00 AM EST

Our top picks of cash, shorting the IWM with TZA, and shorting MSTR with MSTZ were once again spot-on for the day with IWM diving towards our target range. SATS and RKLB however did not work to the long side as there is still no sign of a SpaceX IPO proxy or sympathy run-up play.

YTD: +92.19% as of June 7th

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Markets continued their correction yesterday under our yellow alert status after in-line CPI.

In fact, in our Discord before CPI, we laid out exactly what would happen if CPI came in-line: an initial morning spike, followed by a delayed move of a few hours towards the downside target range.

It played out exactly as predicted and the same thing may happen this morning with PPI coming out at 8:30am.

The move down yesterday afternoon was exacerbated by escalation in Iran; however, we believe this correction has been inevitable and would have happened anyway without the Iran catalyst, but perhaps with a slightly different trajectory.

Although markets are up in pre-market, our downside target continues to be near the 50 DMA which is $676 to $683 for QQQ and $277 to $280 for IWM.

We will continue our yellow-alert today through the PPI report, however we could reach support today or tomorrow where our base case is a meaningful bounce. Whether that bounce holds into the following day is something we will assess at that point; but we have an interesting setup where the SpaceX IPO on Friday, if successful, could spark the beginning of a market rebound rather than the catalyst for a market top which was most everyone’s base case a few weeks ago.

For now, yellow-alert to the 50 DMA, but be ready to pivot to a possible green signal as early as tomorrow.

Today’s Signal: 🟡

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