🔔 OP Market Brief – Fresh Month, Elevated Risks, Key Earnings Ahead
Welcome to June! We kick off the new trading month on the heels of a strong May, but markets open with caution as tariff tensions, tech earnings, and global risk dominate the headlines.
The Dow closed Friday up 54 points, the S&P 500 was flat, and the Nasdaq fell 62 points, slightly trimming gains from what was still the best monthly performance since late 2023.
📉 Futures Lower on Trade War Fallout
As of 04:15 ET:
- S&P 500 futures: -0.6%
- Nasdaq 100 futures: -0.7%
- Dow futures: -0.5%
Markets are reacting to renewed U.S.-China trade friction. The Chinese Commerce Ministry called Trump’s accusations of violating the Geneva agreement “groundless,” while citing retaliatory measures being prepped. This includes export controls on critical metals and pushback against U.S. chip restrictions.
🔍 Earnings to Watch This Week
We enter another week packed with key earnings reports that could sway $QQQ direction and broader sentiment. Traders should stay alert for these names:
- $DG
- $CRWD
- $MDB
- $DOCU
- $LULU
Strong results or guidance from these tech and consumer names could reignite momentum, especially if macro headlines soften.
🧭 Geopolitics, Crypto & Commodities Update
- Geopolitical risks in the Middle East remain elevated
- U.S. trade war tensions with China and Canada continue to escalate
- Bitcoin is holding steady near $105K after a volatile May
- Gold remains firm at $3,300/oz, suggesting continued hedging behavior
📊 Economic Data – What’s on Deck Today
📅 Today’s Economic Releases (ET):
- 🇺🇸 9:45 AM – S&P Global Mfg. PMI (May)
- 🇺🇸 10:00 AM – ISM Manufacturing PMI (May)
- 🇺🇸 10:00 AM – Construction Spending (Apr)
- 🇺🇸 10:00 AM – ISM Mfg. Employment & Prices (May)
- 🇺🇸 1:00 PM – Fed Chair Powell Speaks
- 🇺🇸 1:00 PM – Atlanta Fed GDPNow Q2 Update
These releases could inject volatility into mid-day trading, especially with Powell’s remarks and GDPNow forecastgiving more clues on growth and future policy moves.
📈 $QQQ Levels – Critical Zones in Focus
The $QQQ tech index continues to lead, but this week’s data and earnings will determine whether bulls can resume the uptrend.
Support levels:
- 514 → 510 → 505 → psychological 500
Resistance levels:
- 523 → 527
- Breakout above these sets the stage for a push back toward 540
Watch volume on bounces or breakdowns through these levels. If $QQQ loses 500, it opens the door for a gap fill down to 493.
🚨 Reminder: Today is Secret Sauce Live Trading Day!
If you’re new to OptionsPlayers or haven’t yet unlocked our proprietary course systems, today is the perfect chance to catch our Secret Sauce LIVE stream session.
✅ Check the Courses tab or ask in chat how to get plugged in.
🎯 My move today:
I’ll be building a position in $BABA calls (2 months out) —
Stay sharp. Trade the confirmation, not the hype. Stack your gains the OP way.
— Team OptionsPlayers
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