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Swing Trade Ideas – June 2, 2026

Date: June 2  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 – neutral set-up

• Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
• Yields: 30Y Bond +0.58%  Currencies:  USA$+0.10% CAD -0.04% YEN +0.01%  BTC/USD-3%  Vix:17.85
• Events USAJOLTS 10ET Eur: CPI inline to higher
• Stock News:HPE+26% DG+4% VSCO+1.6% SIG+6.8% CTRN+13% CRDO-2.7% TIGR-3.3%   Earnings
  Equity: USA indices slightly lower premarket but ROW is higher with China strong bounce following stretch of weakness. Oil prices and hence yields and equity continue to move with tweets regarding SoH and oil lower premarket. MAGS are led by NVDA (Mon idea) with GOOGL, MSFT leading to the downside. GOOGL announced a $80B capital raise to fund AI which throws cold water on the idea that AI is being funded by earnings. MSFT is pulling back along with the software group (IGV, PLTR, ORCL) which has been in the midst of a short squeeze. Semi leading with MRVL +18% after Jensen said it could be the next $1T company, no other news, so could be a fade. HPE squeezing +26% with earnings beat and raise and lifting the AI basket with semi, optical, infrastructure names higher.  STM, a European semi +10% with a higher forecast. CRDO, a popular semi in the AI space lower post earnings and can watch for monkey BTD whether the weight  of calls can lead to lower prices. SPX support 7570, 7550 and resistance 7610, 7620. Dispersion is the third highest in history and S&P correlation is very low which leads to a low breadth market with large moves higher in some names leading to large moves lower in other. Today the semi vs software is worth watching as is the price of oil which is the key and moving on tweets.
  
  Stock NVDA AVGO HPE AIPO MRVL MSFT PLTR ORCL   Speculative CRDO MSTR ABVX POET AXTI
  Indices KWEB SLV SMH GDX QTUM AIPO GLD UNG TLT FEZ XME UNG IBIT IGV USO ARKF MAGS XLE XLC

S&P500 HPE LITE AVGO GLW COHR SMCI DG DELL NVDA HPQ  NOW ORCL PLTR CRM GOOGL MSFT IBM HOOD INTC AMZN
Other   MRVL STM POET AXTI LI XPEV NVTS AAOI BABA NBIS JD  ABVX NU ZETA FIG CRDO MSTR PATH CRCL

TECK

Teck is a placeholder for copper miners which can benefit from the meme that electrification will require more copper. Other names are Freeport and Ivanhoe. Tech is technically extended as is copper so potentially one can look for a pullback to take a long. Copper should benefit if the SoH is resolved and the global economy remains intact as the US$ should fall. Also need the AI spending meme/euphoria to remain intact