The Trading Post | 06.09.26

June 09, 2026

Good morning,

AI chips are staging a rebound after last week’s bruising, Nasdaq and S&P futures are leaning green, oil remains elevated as Middle East tensions cool but refuse to leave the room, and traders are eyeing the SpaceX IPO as the next shiny event-risk object. Because apparently “quiet trading week” was unavailable.

Let’s jump in.

Yesterday’s Post-Market Performance

As of 06.08.26 market close.

Market News

  • AI chips bounce after last week’s wipeout: Semiconductor and AI names are catching a bid, with traders rotating back into beaten-down names like AVGO, AMD, MRVL, and MU. Dip buyers have entered the chat. Whether they brought discipline is another matter. Reuters

  • Nasdaq and S&P futures lean green: After Monday’s muted recovery, tech is leading pre-market as traders digest the AI rebound and reposition ahead of key macro events. Bulls want continuation, but breadth still looks like it’s walking on a freshly waxed floor. Reuters

  • Oil stays elevated despite Middle East pause: Stocks have bounced as Iran and Israel signaled a pause in strikes, but WTI remains near the low-$90s and Brent in the mid-$90s. Energy remains a momentum pocket, but headline risk is still sitting there with a lit match. Nasdaq

  • SpaceX IPO becomes the week’s shiny catalyst: Markets are eyeing the blockbuster SpaceX IPO slated for June 12, along with ongoing AI-driven updates from mega-cap tech. Event-driven traders now have a fresh excuse to stare at screens like they’re decoding ancient prophecy. CNBC

Earnings We’re Watching

  • Academy Sports + Outdoors, Inc. (ASO) - Tuesday (BMO) 

  • J.M. Smucker Co. (SJM) - Tuesday (BMO) 

  • United Natural Foods, Inc. (UNFI) - Tuesday (BMO) 

  • Casey’s General Stores, Inc. (CASY) - Tuesday (AMC) 

Trade Ideas

Adobe Systems Incorporated (ADBE), Agnico-Eagle Mines Limited (AEM), Broadcom Inc (AVGO), Boeing Company (BA)

Home Depot, Inc (HD), HubSpot, Inc (HUBS), Eli Lily and Company (LLY),
Royal Caribbean Cruises Ltd (RCL)

Rocket Lab USA Inc (RKLB), Valero Energy Corporation (VLO), Adobe Systems Incorporated (ADBE), Agnico-Eagle Mines Limited (AEM)

Want to learn how we trade these? Learn the setup we call the “High Volatility Switchback” trade.

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Daily Moment of Zen

❝

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Warren Buffett

Why It Matters:

This is Buffett politely saying Wall Street loves turning “buy good things, avoid bad things, manage risk” into a 97-tab spreadsheet with three Greek letters, two regression models, and one intern crying in Excel.

Trading is no different.

The market constantly tempts traders to overcomplicate: five indicators, twelve time frames, a proprietary oscillator named after a weather pattern, and a strategy so complex it needs its own customer support department.

But most consistent trading behavior is painfully simple: define the setup, know the risk, wait for confirmation, take the trade, manage the exit, repeat without becoming emotionally possessed by a candlestick.

Simple does not mean easy. Simple means clear.

And in trading, clarity beats complexity because complexity often becomes a hiding place for indecision. If you need seventeen reasons to justify a trade, there’s a decent chance you’re not analyzing anymore — you’re bargaining.

The best traders don’t win because their process is complicated.

They win because their process is repeatable.

Which is extremely inconvenient for anyone hoping the secret to success was hidden in a $4,000 indicator bundle and a color-coded dashboard that looks like NASA lost a bet.