Traders,

This week we kick off earnings season in the banks which should set the tone for the rest of the markets plus the chance that the US strikes Iran has risen on Polymarket after the remarks Trump made this morning on his social media post.

I’ve seen some call flows come in the past few days on two notable oil names that I’ll get into in this Roundup for members later.

This also makes me concerned a bit about the $SPY ( ▼ 0.37% ) highs but as I said in the Sunday letter “No market top predictions!” - We just manage risk and then when the market signals then we take action.

We flagged this in our research report a year or so ago and for those with the longer term views the stock is just starting to pay off.

Remember, we can be traders and investors but not every stock is a trade.

If you watch the video then you can get an idea of why we liked it with things such as:

That’s a bit different than my newsletter but sometimes I can borrow form the main report because some of those names see call flows that are of interest and I can combine both and that’s what we’re seeing this week in some oil and gas names, plus, a warning on one tech stock and the updated $SPY ( ▼ 0.37% ) notes as we head into the tariff ruling.