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Earnings Breakouts & Technical Movers - Weekend Watchlist

Humbled Trader's day trading & swing trading ideas

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Humbled Trader
June 01, 2025

Markets experienced modest gains this week, with the S&P 500 rising over 1%, aligning with last week's "Slightly Bullish" forecast. Positive technical momentum and a 90-day pause on EU tariffs contributed to the rally. However, late-week concerns emerged after President Trump accused China of violating their trade agreement, leading to a slight pullback. Despite this, the market's reaction to trade-related headlines has been more muted compared to previous months

‎TLDR Stock Market Weekly Update - May 30, 2025

📉Market Trends

  • Trade Developments: President Trump extended EU trade talks, easing immediate tariff concerns. However, tensions with China resurfaced after accusations of trade agreement violations.

  • Economic Indicators: The Atlanta Fed's GDPNow estimate for Q2 GDP was revised up to +3.8% from +2.2%, driven by net exports.

  • Treasury Yields: Yields cooled off this week, with the 10-year yield decreasing by ~10 basis points to 4.40%, providing support for equities.

📊 Technical Levels & Market Signals

  • S&P 500 (SPX): Bounced off the 200-day SMA (~5,785) but failed to make a higher high, suggesting consolidation between 5,785 and 5,965.

  • Dow Jones Industrial Average (DJI): Remains below the 200-day SMA, indicating a cautious technical stance.

  • Market Breadth: Slight improvement, with a modest increase in the percentage of stocks trading above their 200-day moving averages.

💰 Inflation & Consumer Confidence

  • PCE Prices: Headline MoM increased 0.1% (in-line with estimates), bringing the YoY rate to +2.1%, the lowest level this year.

  • Core PCE Prices: MoM increased 0.1% (in-line with estimates), with a YoY gain of +2.5%.

  • Consumer Confidence: Jumped to 98.0 in May from 86.0 in the prior month, exceeding expectations.

🏛️ Federal Reserve & Interest Rates

  • Rate Cut Expectations: Bloomberg reports that expectations for a 25-basis-point cut at the June FOMC meeting remain at ~5%, but total expected cuts for 2025 have increased to 2.17 from 1.92.

  • Treasury Yields: Two-year yields eased ~9 basis points to 3.90%, 10-year yields decreased ~10 basis points to 4.40%, and 30-year yields slid ~11 basis points to 4.921%.

Sources: Charles Schwab

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📅 Coming up next week…

Notable Earnings Reports:

  • Monday, June 2: SAIC

  • Tuesday, June 3: NIO, DG, SIG, CRWD, GWRE, OLLI

  • Wednesday, June 4: DLTR, WBS, THO, FIVE, MDB

  • Thursday, June 5: LULU, AVGO, IOT, DOCU, MOMO

  • Friday, June 6: FCEL

Sources: Earnings Whispers, Charles Schwab

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PLTR $131.78

  • Impressive recovery run on this name. The stock is back at all-time highs and consolidating for a potential breakout.

  • The key level is the $127s area on the daily. If that level continues to hold up and we break through $133s, I’d be looking for trend join long set-ups.

  • This is purely a technical day trade and swing trade idea.

  • Position Disclosure: No position

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DOCU $88.61

  • The stock has reversed the daily downtrend and is now consolidating for more breakout.

  • Please note the company will be reporting on Q1 earnings after close on Thursday.

  • The key level to watch is the $89 area on the daily chart. If that level is reclaimed early next week, we could see another run into earnings and test $92 and higher.

  • A safer way to play this name is to wait for potential gap up or down setups after earnings report on Thursday.

  • Position Disclosure: No position

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UNH $301.91

  • It’s been a turbulent few months for this stock. Sentiment for this company is likely near all-time lows. A potential technical reversal is setting up.

  • Leaning cautiously bullish on this name IF it reclaims KL.

  • The key level to watch is the $305-$310s area. The confirmation I am looking for is a strong reclaim over the daily 8EMA.

  • If it reclaims over the said KL mentioned above, we could see a slow grind up to $330s and potentially higher to fill some technical gap above.

  • This could play out as a multi-month swing trade. The spreads and range on this name are not for beginners or conservative traders. Ensure that you assess your personal risk allocation.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- Palantir Technologies Inc ($PLTR) Trump's $795M Data Power Play Sends Palantir Soaring 140%.
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- How we traded: Backside Long Strategy

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