Goodbye May, Hello June
Hey,
Key Weekly Performance Stats:
- S&P 500: +1.88%
- Nasdaq 100: +2.03%
- Russel 2000: +1.19%
- Bitcoin: -3.07%
Last week, despite some choppy sessions, markets ended the week on a high note. After closing for Memorial Day on May 26, the S&P 500 jumped 2.1% on May 27—snapping a four-day losing streak—after President Trump postponed EU tariffs to July 9. Tech and consumer discretionary stocks led the rally. The momentum carried into May 29, thanks to strong earnings from Nvidia, which posted a 69% revenue surge and briefly surpassed Microsoft in market cap. The S&P 500 dipped modestly on May 28 and May 30, with renewed China tariff concerns and earnings anticipation weighing on sentiment. Still, it finished May up 6.2%—its best month since November 2023.
Economic data was quiet early in the week but picked up on May 30. April’s Core PCE rose just 0.1%, with a year-over-year rate of 2.5%, pointing to easing inflation. Personal income beat expectations, up 0.8%, while spending rose 0.2%, in line with forecasts. However, the Chicago PMI fell to 40.5, signaling manufacturing contraction, and consumer sentiment remained weak at 52.2.
Looking ahead, all eyes will be on the May jobs report due June 6, a key gauge of labor market strength. Trade updates with the EU and China, especially after Trump’s tariff delay, will also be in focus. Investors will watch for Fed commentary, including a speech from Fed Chairman Powell, for any signals on rate policy amid mixed inflation and growth data. As always, stick to your trading plan and respect your risk.
Best,
Thicc Kohrs
P.S. The official Goonie Discord is live! (FREE Access w/ code GOONIE: https://bit.ly/GoonieGroup)
Earnings
Monday, June 2nd
Morning: Cambell's
Tuesday, June 3rd
Morning: Dollar General & NIO
Evening: Crowdstrike
Wednesday, June 4th
Morning: Dollar Tree
Evening: MongoDB
Thursday, June 5th
Evening: Broadcom, DocuSign & Lululemon
Friday, June 6th
None
Market Events
Monday, June 2nd
09:45 AM ET S&P Global Manufacturing PMI (May)
10:00 AM ET ISM Manufacturing PMI & Prices (May)
01:00 PM ET Fed Chair Powell Speaks
Tuesday, June 3rd
05:00 AM ET Eurozone CPI MoM & YoY (May)
10:00 AM ET JOLTs Job Openings (Apr)
Wednesday, June 4th
08:15 AM ET ADP Nonfarm Employment Change (May)
09:45 AM ET S&P Global Services PMI (May)
10:00 AM ET ISM Non-Manufacturing PMI & Prices (May)
Thursday, June 5th
08:30 AM ET ECB Interest Rate Decision (June)
08:30 AM ET Initial Jobless Claims
Friday, June 6th
08:30 AM ET Unemployment Rate (May)
08:30 AM ET Nonfarm Payrolls (May)
08:30 AM ET Avg. Hourly Earnings (May)
Seasonality Update
S&P 500 Seasonal Bias (Monday, June 2nd)
- Bull Win Percentage: 74%
- Profit Factor: 1.52
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, June 3rd)
- Bull Win Percentage: 81%
- Profit Factor: 17.73
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, June 4th)
- Bull Win Percentage: 44%
- Profit Factor: 0.95
- Bias: Bearish
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, June 5th)
- Bull Win Percentage: 56%
- Profit Factor: 1.81
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, June 6th)
- Bull Win Percentage: 59%
- Profit Factor: 1.61
- Bias: Bullish
Equity Curve -->
Notes: These analytics are derived from the performance of the S&P 500 futures contract over the past +25 years. Additionally, results are computed from the futures market open and close.
Options Strategy Update
The 0 DTE signal hit 8 for 8 times (14 for 14 total units) this past week.
Signal Accuracy: ~100%
Note: These signals are posted in real-time in the Goonie Trading Discord. You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)!!!
Piper's Current Signal Streak: 10 Trades
May Record: 42/44 Units
Monday, May 26th
No Signal Produced (Market Closed -- Memorial Day)
Tuesday, May 27th
SPY Put Credit Spread (2x Multiple @ $584 / $583) 🟢
QQQ Put Credit Spread (2x Multiple @ $514 / $513) 🟢
Wednesday, May 28th
SPY Put Credit Spread (1x Multiple @ $588 / $587) 🟢
QQQ Put Credit Spread (1x Multiple @ $519 / $518) 🟢
Thursday, May 29th
SPY Put Credit Spread (2x Multiple @ $587 / $586) 🟢
QQQ Put Credit Spread (2x Multiple @ $518 / $517) 🟢
Friday, May 30th
SPY Put Credit Spread (2x Multiple @ $585 / $584) 🟢
QQQ Put Credit Spread (2x Multiple @ $515 / $514) 🟢
Times I Shouted "Winner, Winner, Chicken Dinner!"
62 *
* This data point is from readings over the past week. The reported information should not be taken as an aggregate or cumulative value for any period beyond the most recent week (Sunday through Saturday). Appropriate alterations were made to account for both travel and time zone shifts.
Notes
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites.
