Daily Market Recap: Market Stabilizes After Trump Tax Bill Clears, GAR Stays Disciplined

Markets stabilized after Trump’s tax bill passed the House, with yields easing and crypto ripping higher. Nasdaq led while S&P and Dow hovered flat. GAR took two shots in futures, both small losses, while options stayed quiet as HIMS, TSLA, and HOOD remain open.

Another day of chop for U.S. markets, but the tone felt a bit calmer after Wednesday’s aggressive selloff into the close. Stocks held ground after the House officially passed Trump’s new tax and spending bill — a $3.8 trillion package that stirred debt concerns but helped cool off bond yields. The Nasdaq squeezed out a green close, while the S&P and Dow stayed mostly flat.

We’re still seeing a trader’s market: no clean follow-through, just fast moves and sentiment swings. Staying nimble is the name of the game.

🔻 Indexes – Thursday, May 22, 2025

• S&P 500: 5,842.01 (–0.04%)
• Dow Jones: 41,859.09 (–0.00%)
• Nasdaq: 18,925.73 (+0.28%)
• Russell 2000: 2,045.56 (–0.05%)

Week-to-date, all indexes are still in the red with the Russell 2000 dragging the most, down over 3%.

🔍 Market Movers

🟢 Winners

• Coinbase COIN: Bitcoin ripped past $110K and crypto names followed. COIN surged with the momentum.
• Seagate STX: Stock jumped after announcing a massive $5B share buyback.
• Snowflake SNOW: Up double digits on strong earnings and bullish guidance.

🔴 Losers

• Enphase ENPH: Tax reform hit green energy stocks hard. Solar took a big hit.
• Humana HUM: Medicare Advantage audit fears sent the stock lower.
• BJ’s Wholesale BJ: Weak same-store sales and declining gas prices dragged the name down.

🧠 Sector Breakdown

• Crypto: Hot again — BTC back above $110K.
• Solar/Energy: Took a hit from Washington headlines.
• Tech: Mixed bag — some big beats (Snowflake), some dragging (NVDA, AAPL flat to down).
• Healthcare: Weak, especially insurance names under scrutiny.

What Did GAR Do Today?

Futures Recap – Thursday

• ES Long @ 5870 → Stopped @ 5860

➤ –10 pts / –$250

• ES Long @ 5885 → Stopped @ 5865

➤ –20 pts / –$500

Two attempts, both stopped — tough tape, but risk was defined and we stuck to plan.

Options Recap – Thursday

No new trades opened or closed today. Still holding: TSLA HOOD & HIMS

HIMS got obliterated today — sharp move down crushed our premiums badly, but our calls are for next week, so time is still on our side if we can recover into next week.

AAPL & NVDA: expire tomorrow, and not much to salvage there. Sometimes the market just doesn’t give us the follow-through. Can't win them all… but we’ll keep swinging!

20 wins in a row is still live, let's see if we can squeeze out some wins in to end the week.

👉 Read more about Mastering Options Trading: Our Proven Risk Management Blueprint

🔮 What’s Next For The Market?

With the tax bill moving to the Senate and debt ceiling headlines likely to return, macro noise isn’t going away anytime soon. Earnings season is winding down, and traders are focusing more on flows, rates, and risk sentiment. It’s still a tape that rewards quick feet and strong discipline.

We’ll be back tomorrow with more. Stay sharp!