📊 OP Market Wire – Tuesday, July 9, 2025
Mixed Futures, Tariff Tensions, and Prime Day Power Moves
U.S. index futures opened Tuesday with a mixed tone as traders continue digesting the fallout from Trump’s latest tariff announcements. As of 06:18 ET:
- Dow Futures are down 66 points (-0.2%)
- S&P 500 Futures are flat
- Nasdaq 100 Futures are up 31 points (+0.1%)
Wall Street pulled back Monday, with traders locking in gains amid rising uncertainty after Trump sent tariff letters to 14 key trade partners. While the move delayed the expected July 9 tariff escalation, it added a fresh layer of pressure on global supply chains and investor sentiment.
Still, there’s a sense that Trump may remain flexible, as he hinted the new August 1 deadline isn’t entirely set in stone. According to analysts at Vital Knowledge, “while stocks suffered some pressure Monday and tariff fears rose, bulls remain in control of the narrative.”
🇺🇸 Tariffs: Extended but Escalated
Trump’s latest move has shaken markets once again. Letters were sent Monday to 14 countries—including Japan and South Korea—warning of new 25% tariffs, up from the baseline 10%. These letters excluded India and the EU, hinting that deals may be close with those regions.
Japan’s Prime Minister Ishiba and South Korea’s trade ministry have both signaled willingness to negotiate. Meanwhile, China is now racing to meet a separate August 12 deadline to prevent U.S. tariffs from snapping back to levels exceeding 100%—a throwback to the earlier 2025 trade standoff.
China’s state-run People’s Daily called the U.S. action “bullying,” while reaffirming the need for “dialogue and cooperation.” Tensions remain high, and any headlines around these negotiations could move markets intraday—stay nimble, stay tuned.
🛢️ Crude Dips as OPEC+ Adds Supply, Tariff Fallout Looms
Crude prices slipped slightly overnight, weighed down by concerns over a possible global growth slowdown and a significant OPEC+ production boost for August.
- Brent: $69.54 (-0.1%)
- WTI: $67.76 (-0.2%)
OPEC+ announced plans to raise production by 548,000 barrels/day, a larger hike than the previous three months. Combined with Trump’s tariff moves and uncertain demand forecasts, this has put downward pressure on energy markets.
🛒 Amazon’s Prime Day Goes Bigger, Sparks Online Sales Frenzy
Amazon (AMZN) kicks off a four-day Prime Day event today, and expectations are sky-high. Adobe Analytics forecasts $23.8B in U.S. e-commerce sales, a 28% jump from last year’s two-day event.
Rivals like Walmart, Target, and TikTok Shop are going head-to-head for back-to-school and college shoppers, driving massive short-term demand surges in consumer names. Watch AMZN, ADBE, SHOP, TGT, and WMT for high-volume, event-driven trade setups.
📈 Market Technicals: Bulls Still in Control
The $QQQ tech index opened the week with a pullback to test key support at 550, bounced, and closed just above 552 (-0.75%). This was expected and healthy. As long as 540 holds, the uptrend remains intact.
📍 Key Levels:
- Support: 550 → 540
- Resistance: 557 → 560+
Bulls should look for continued momentum plays in squeeze candidates and event-driven setups like BABA, TSLA, AMZN, and NVDA. Keep eyes on Trump speeches, social posts, and trade updates—they will shape short-term sentiment and volatility.
💰 Bitcoin & Gold Update
- Bitcoin (BTC): $108,000
- Gold (XAU): $3,340/oz
Both remain strong in uncertain macro environments, continuing to act as hedges against policy and geopolitical volatility.
📆 Today’s Key Economic Events
🇺🇸 EIA Short-Term Energy Outlook @ 12PM ET
🇺🇸 3-Year Treasury Note Auction @ 1PM ET
🇺🇸 API Weekly Crude Oil Stock Report @ 4:30PM ET
✅ Trade Highlights
💥 Congrats to everyone in chat who crushed TSLA puts on Friday—those paid over 100% on Monday.
🔥 Our BABA calls look strong and may pay today. Stick to the plan. We’re trading momentum, headlines, and levels—not opinions.
Keep it tactical, stay ready, and stack your gains. See you in the chat.
— Team OptionsPlayers
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