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Swing Trade Ideas – June 1, 2026

Date: June 1  2026

Laurie’s Abbreviation Index:

** ‘div’ – dividend

** ‘m/m’ – month over month

** ‘y/y’ – year over year

** ‘Inven’ – inventories

** ‘mfg’ – manufacturing ** +/- – plus or minus, positive or negative

** Underlined text – higher volume premarket

** ‘d’ – day

** ‘Y’ – year

**govt – government

Color Key: Positive – Neutral – Negative

Global Markets:  USA, Europe, Japan, China, Hong Kong – slight positive set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond +0.06%  Currencies:  USA$+0.18% CAD -0.25% YEN -0.14%  BTC/USD-1.3%  Vix:17.6
• Events USA PMI 10ET CDN: PMI 930ET
• Stock News:SAIC +8%   Earnings
  Equity: USA indices higher premarket. SoH situation unchanged with Trump unwilling to sign MOU which is leading to oil higher but equities are not weak as usual. USA equities are led by tech and energy with software continuing to surge as HF shorts unwind. MSFT and NVDA are news makers with NVDA expected to announce a CPU product for windows PCs and MSFT to announce an AI app that runs on the PC. AMD INTC QCOM are lower with the competition but ARM spiking since their core used by NVDA. Memory squeeze continues with MU, SNDK continuing higher with rising IV which indicates squeeze continuing.  MAGS are a led by MSFT and NVDA but others ex-META are lower as dispersion trade continues and large moves in MSFT and NVDA mean other names need to be sold.  Gold lower with oil higher but copper higher and copper miners continue to be strong. Bitcoin lower potentially due to Bessent cunning plan of seizing Iranian crypto assets proving that crypto is not immune from govt control.  IBM is standout with another large move along with compute hardware names like HPE, HPQ, DELL.  Drones, Space, Quantum names are getting hit premarket with datacenter (NBIS CRWV) advancing so violent rotation continuing. SPX is well supported with dealer positioning providing support at 7550. 7500 and potential resistance at the 7600 call wall.  Caveat is short term IV, correlation are extremely low and call skew is extremely high as the popular trade is to sell index vol and buy individual stocks. Traders are not looking for protection and are crowding into the same names, hence reversal risk but usually first of the month is bullish with automatic flows into pension accounts. USA PMI 10ET may be market moving but market is more sensitive to the latest tweets re: SoH so potential for “close to MOU” if market has weakness or Trump threats causing market softness.
  
  Stock MSFT NVDA AVGO PLTR ORCL AMD INTC   Speculative UMAC CRSR RDW MSTR IONQ RKLB TMHC FLNC ARM NBIS
  Indices IGV USO KWEB XLK QTUM XLE MAGS SPY QQQ NUKZ  UFO ETHE GDX IBIT GLD XLY TLT

S&P500  IBM NOW ADBE CRM HPE MSFT ORCL PLTR MU HPQ SNDK  QCOM INTC AMD HOOD TSLA

NVDA

NVDA will be announcing a CPU chip at Computex June 2-5 with Jensen giving the keynote talk. MSFT trading higher, now above the 200sma and will be announcing AI algos running on the PC using the NVDA chip. ARM higher as their core used in the NVDA chip. NVDA has been weak as money rotated into other semis and software and risk is continuation lower but one can use the 20ema as a line in the sand. NVDA premarket is above the daily expected move, hence extended but above 215 can continue to run. Call skew is bullish so one can consider long call verticals to trade upside with option positioning indicating resistance 218 and potential to squeeze  higher > 220 which is the upper weekly expected move. Lower weekly expected move is 202. Ex-dividend Jun 4. MSFT and ARM likely have more torque but are even more extended premarket. Can look for a morning dip to enter a long.