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Swing Trade Ideas – June 4, 2026

Date: June 4  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 +0.39%  Currencies:  USA$-0.34% CAD +0.01% YEN +0.14%  BTC/USD-4.3%  Vix:17.75
• Events USA  UE claims 830ET
• Stock News: AVGO-14% PVH-10% CRWD-11% CIEN-7% FIVE-11% WOOF-11%    Earnings
  Equity:USA equity are lower post AVGO and CRWD earnings reports but predominantly a rotation with IWM and DIA higher and QQQ leading to the downside as leading semi group is sold and rotation into laggards like staples, healthcar. Within tech software,  is higher as semi is sold.  MAGS led by MSFT AMZN AAPL which is compensating for NVDA lower. Memory, which has been parabolic is lower and leading to pullback in the parabolic Kospi. Oil lower is leading to yields lower and US$ substantially lower which is boosting gold, silver. No obvious reason for oil lower aside from profit taking or traders mystified why it’s subdued with SoH still “closed”. AVGO issue was guidance lower than expected and a convenient excuse to trim AI related names. CIEN in the optical AI space lower despite beat and raise. CRWD lower on a modest beat and forecast. Takeaway is these AI names were loaded with expensive calls which make it difficult for the stocks to rise without a massive upside surprise. SPX is very well supported with positive gamma above and below price with 7550/70 potential resistance and 7510/00 support.  Correlation remains very low and dispersion high and as long as that continues, rotation is the game.  Fri NFP will be the next big data point along with the SoH tweet storm which the market is becoming numb to.
  
  Stock MSFT AMZN WMT UNH  NVDA CIEN MU ARM   Speculative RDW  BB POET
  Indices UNG XLP XLV SLV GDX XLU XLRE TLT  IBIT SMH USO ETHE AIPO XLK QTUM

S&P500 NOW WMT NFLX MSFT AMZN  AVGO MU SMCI SNGK GLW HPE INTC AMD QCOM ORCL NVDA COIN
Other   RDW NVO NU FIG AI  SKM BB PURR POET ARM NVTS UMC VSH IREN NOK XLSK MRVL

WMT

WMT is the largest holding in staples sector and can benefit IF market rotates away from AI names for more than 8hrs. There is a large option position at 120 which makes it a pivotal level where can fail or move higher. WMT is fundamentally expensive but is a popular “safety” trade but take care that the bounce may be dead cattish if AI bros come back and lick their wounds.