BY ANDREW GIOVINAZZI
May 30th, 2025
Yo Pit Crazies,
Many of you are probably wondering what that title means. If you’re tired of trying to decode the market’s every move, you could always hop on Voz’s plan and simply trade the zones. But honestly, sometimes the market feels like Walter White wandering around in his birthday suit—completely dazed after a week-long meth-making marathon.
The week kicked off with a moonshot recovery after The Donald walked back European tariffs. Things were looking great—until the market went sideways again.
Stocks are hurrying up to go nowhere because….
The SPY is stuck at $590
That’s right—the SPDR S&P 500 Trust is stuck hovering around $590. Every time the market strays from that level, it snaps right back like a boomerang. We’re caught in an endless Trump tariff fugue state, aimlessly drifting while we wait for the next catalyst to break the cycle.
2 week SPY chart
How do I know we are stuck here?
Below is a chart of the VVIX—the volatility of the VIX—and it’s nearing the lower end of the range last seen around the time President Trump took office.
6 Month VVIX chart
I’ll start to worry if the VVIX spikes again, but for now, traders seem comfortable with the VIX hovering around 19. There’s little demand for options to hedge away from that level. Tariff talk is keeping the VIX elevated—but it’s not really moving.
To Your Trading Success,
AG
Andrew Giovinazzi
30-Year Trading Pro
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