Goodbye May, Hello June!
Key Weekly Performance Stats:
- S&P 500: +1.43%
- Nasdaq 100: +2.89%
- Russel 2000: +1.91%
- Bitcoin: -2.52%
Last week, stocks came back from the Memorial Day break with momentum and never really looked back. The S&P 500 gained 1.4% for the shortened week, the Nasdaq jumped 2.9%, and the Dow added 0.9%, with the S&P notching its ninth straight winning week. The big driver was still AI, helped by a monster Dell report that sent the stock up more than 30% after strong AI server demand and an upbeat outlook.
On the economy, the data was mixed but not enough to break the rally. Consumer confidence slipped, Q1 GDP was revised down to 1.6%, and April PCE showed inflation still running hotter than the Fed would like, even as consumer spending held up. Markets also got help from falling oil prices as headlines pointed to progress on a potential U.S.-Iran deal, with Trump-related peace talk optimism easing some of the inflation anxiety tied to the Middle East.
Looking ahead to next week, things get much more serious on the macro front. The calendar includes ISM Manufacturing on Monday, JOLTS on Tuesday, ISM Services and factory orders on Wednesday, and the May jobs report on Friday. Earnings attention shifts to Broadcom as the next major AI/semi read-through, while traders will keep watching oil, Treasury yields, and any new Trump-Iran headlines for signs that this rally still has room to run. As always, stick to your trading plan and respect your risk. Godspeed.
Thicc Kohrs
P.S. The official Goonie Trading Discord is LIVE!!! (https://bit.ly/GoonieDiscord)
Earnings
Monday, June 1st
None
Tuesday, June 2nd
Morning: Dollar General
Evening: GitLab, Palo Alto Networks & Ulta Beauty
Wednesday, June 3rd
Evening: Broadcom, C3.AI & CrowdStrike
Thursday, June 4th
Evening: Docusign & Lululemon
Friday, June 5th
None
Market Events
Monday, June 1st
09:45 AM ET S&P Global Manufacturing PMI (May)
10:00 AM ET ISM Manufacturing PMI & Prices (May)
Tuesday, June 2nd
10:00 AM ET JOLTs Job Openings (Apr)
Wednesday, June 3rd
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 4th
08:30 AM ET Initial Jobless Claim
Friday, June 5th
08:30 AM ET Unemployment Rate (May)
Seasonality Update
S&P 500 Seasonal Bias (Monday, June 1st)
- Bull Win Percentage: 75%
- Profit Factor: 1.84
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, June 2nd)
- Bull Win Percentage: 82%
- Profit Factor: 19.47
- Bias: Very Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, June 3rd)
- Bull Win Percentage: 46%
- Profit Factor: 0.95
- Bias: Leaning Bearish
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, June 4th)
- Bull Win Percentage: 54%
- Profit Factor: 1.52
- Bias: Leaning Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, June 5th)
- Bull Win Percentage: 61%
- Profit Factor: 2.14
- 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 (18 for 18 total units) this past week.
Signal Accuracy: ~100%
Note: These signals are posted in real-time in the Goonie Trading Discord. You can join me today!!! Click Here!
Piper's Current Signal Streak: 19 Trades
May Record: 44/46 Units
Monday, May 25th
No Signal Produced -- Memorial Day
Tuesday, May 26th
SPY Put Credit Spread (2x Multiple @ $748 / $747) 🟢
QQQ Put Credit Spread (2x Multiple @ $723 / $722) 🟢
Wednesday, May 27th
SPY Call Credit Spread (2x Multiple @ $753 / $754) 🟢
QQQ Call Credit Spread (2x Multiple @ $732 / $733) 🟢
Thursday, May 28th
SPY Put Credit Spread (3x Multiple @ $749 / $748) 🟢
QQQ Put Credit Spread (3x Multiple @ $726 / $725) 🟢
Friday, May 29th
SPY Put Credit Spread (2x Multiple @ $754 / $753) 🟢
QQQ Put Credit Spread (2x Multiple @ $734 / $733) 🟢
Hours Slept
0.3 *
* 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.
Both of these trades missed.Both of these trades hit if held until close -- 4 total units!
Both of these trades missed.Both of these trades hit if held until close -- 4 total units!
Both of these trades missed.Both of these trades hit if held until close -- 4 total units!
