Good Morning. I hope you had a great weekend and had a chance to digest what just happened on...
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[Trading Tips]
Good morning. I hope you had a great weekend and had a chance to digest what just happened on Thursday and Friday last week. It was truly remarkable. Early in the marketâs recovery, it was solid names and companies that were poised to gain from the pandemic.
That has transitioned to companies that may have been undervalued but good companies. Now, itâs about squeezing the shorts on incremental optimism that has yet to find a strong foundation. Have we finally wrung out all the new buying interest, or is the market poised to hit new all-time highs? That would be remarkable, no, unfathomable.
Now hereâs the rest of the news:
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MARKETS
DOW 27,110.98 +3.15Â
S&P 3,193.93 +2.62
NASDAQ 9,814.08 +2.06Â
*As of market close
⢠Stocks rose yesterday, as the jobs numbers show signs of bottom in economic activity.
⢠Oil rose 04.17%, as Saturdayâs OPEC+ meeting looms large on future supply.
⢠Gold fell 2.25%, as it closed below a key level at $1700.
⢠Cryptocurrencies traded lower, with Bitcoin finishing 0.96% lower closing at $9800.
Todayâs TOP TIPS
[5 Energy Names that Broke Out Last Week](
With the OPEC+ meeting on Saturday, the ongoing dynamics for oil may continue to be positive if production cuts continue to be implemented. The oil futures term structure is reflecting that as the curve is flattening, which is also being reflected in the rising prices weâre seeing. While oil prices may not reach $70 any time soon, the dynamics are playing out positively for energy producers as seen in the industryâs top-performing position last week.
» [FULL STORY](
[Option Traders Converge as Option Activity Explodes on this Auto Manufacturer](
Ford Motor Company (NYSE: F) saw an explosion in option activity on Friday as the stock shot up over 10% on the session. The move follows a trend of companies that have been beaten down during the March swoon but have recently found a bid. The option activity in Ford was over 5 times the average for the calls and nearly four times the average for the puts.
» [FULL STORY](
[This Was the Most Bought Stock by Insiders Last Week](
There are different ways to classify the âmost bought.â It could be the number of shares, the number of insiders, the number of buy transactions, and the dollar value of the buying. In this circumstance, it comes down to the number of shares being purchased with a minimum of two transactions. Between June 1 and June 5, RCM Technologies Inc (NASDAQ: RCMT) saw insiders buy 1.1 million shares for a total value of $1.32 million in three separate transactions.
» [FULL STORY](
IN OTHER NEWS
â¢
[Trump touts job gains as 'greatest comeback in American history'](
â¢
[Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic](
â¢
[Why âGet Me Out!â Stocks Look Attractive to Citi Strategist](
â¢
['No question' US will have good economy in 2021: Market strategist](
â¢
[May's jobs report stunner: real deal or head fake?](
⢠[U.S. consumer credit plummets in April as credit-card use tumbles by record amount](
â¢
[American Airlines stock adds to its tally of records with a weekly gain of over 75%](
â¢
[Stocks surge, Nasdaq Composite ends near record high as US economy adds 2.5M jobs in May](
⢠[How the stock market has reacted to periods of civil unrest](
â¢
[Hereâs what the unemployment rate actually means and why itâs so important](
S&P 500 MOVERS
TOP
OXYÂ 33.698%
APA 23.615%
RCLÂ 20.368%
MAC 19.231%
MROÂ 17.496%
BOTTOM
CLX 3.271%
CBOE 3.158%
AKAMÂ 2.789%
VRTXÂ 2.613%
NEMÂ 2.039%
Quote of the Day
Today is probably, if you think of it, the greatest comeback in American historyâ¦Weâre going to be stronger than we were when we were riding high.
- President Donald Trump, quoted by Reuters
Sponsored Content
[1,300% Gains in ANY Market?! All in Just 24 Hours...](
The disgusting TRUTH that allows investors to collect 24-hour windfalls right under the noses of ordinary Americans.
But a Florida man in his 30âs just âhackedâ an institutional level scanner.
There are reports of massive gains like the 1,360% just earned on KHC.
YOU could tap into these 24-hour windfalls and earn up to 843% per trade.
This mysterious trading signal could âmarket proofâ your trade.
And all from just 3 clicks of a button.
Lance says thereâs even ONE specific trade on his radar now.
[Click HERE to see the next trade the âBlitz Trackerâ is after (that could pay you in 24 hours)](
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