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  • Swing Trade Ideas – June 5, 2026

    Jun 05, 2026 Uncategorized Comments Off on Swing Trade Ideas – June 5, 2026

    Date: June 5  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 negative set-up

    • Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin
    • Yields: 30Y Bond +0.06%  Currencies:  USA$-0.2% CAD +0.14% YEN +0.07%  BTC/USD-2.12%  Vix:17.05
    • Events USA  NFP 830ET CDN: Employment 830ET Europe: GDP Q/Q revised to -0.2 from +0.1%
    • Stock News:LULU-10% ABM+7% GIII +7%    Earnings
      Equity      :USA equity are lower ahead of NFP with QQQ leading to the downside. Semis are leading to the downside with profit taking continuing. Korea index which is dominated by memory is -9% since Wed and Korean weakness can spill into QQQ. MAGS are led by MSFT as software is outperforming  semis which can be due to the unwind of a popular pairs trade. DIA is positive and Thurs money rotated into financials and healthcare, likely some short covering. MSOS is +10% with news that WH is pressing congress to keep Hemp based CBD legal and listing of TCNNF on NYSE. SPX major 0DTE option support 7540/20 and the positive gamma usually leads to dips being bought. Correlation is extremely low and dispersion high so can see outsized moves in stocks/sectors to compensate for downside moves in others. Semis have been parabolic but Thurs the dips were bought and question today is whether the dips will be bought again.  *** NFP 172k vs 85k UE rate 4.3% CDN employment 87k vs 10k UE rate 6.6% vs 6.9% Reaction:  Yields higher, S&P lower as better jobs report reduces need for Fed to cut rates

      Stock MSFT MSOS XLV    DRAM MU AMD    Speculative RDW SMR  BMNR
      Indices MSOS XLV UFO XLE XLF   ETHE SMH IBIT QTUM UNG XLK SLV QQQ AIPO ARKK GDX  IWM SPY

    S&P500 LULU MU AMD INTC SMCI PYPL AVGO NVDA HOOD
    Other   RDW SMR RKLB  ALM BMNR PL STM NOK MRVL NVTS IREN AAOI MSTR CRWV BB MARA




     

    XLV

    Laggard sector over the past year but getting some flow either due to short covering or defensive rotation as money leaves tech. XLV is a generic way to trade the sector. Leader is LLY but maybe extended. UNH, TMO or JNJ are individual names. NVO interesting as a LLY competitor.

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