June 4, 2025

Markets:

U.S. stock futures rose slightly on Wednesday, as Nvidia continued to lead tech shares higher.

Nvidia shares gained 0.7% in the premarket along with Broadcom. Meta Platforms and Alphabet also ticked higher before the bell.

Wall Street is coming off a solid session, led by strong gains in tech. The 30-stock Dow rose more than 200 points, or 0.5%, for its fourth positive day. The S&P 500 and the Nasdaq Composite advanced 0.6% and 0.8%, respectively. Nvidia rose nearly 3%, surpassing Microsoft to become the world’s most valuable public company once more.

The recent gains have investors increasingly confident stocks have turned a corner on tariffs, especially after a series of reversals from President Donald Trump convinced traders the White House is mainly wielding high levies as a negotiating tool. A federal court striking down Trump’s tariffs just last week added to hopes the market has priced in the worst of the tariffs, though they were later reinstated temporarily by an appeals court.

Futures also appeared to look past Trump’s latest remarks. Earlier on Wednesday, he said dealing with Chinese President Xi Jinping has been “extremely hard.”

Portfolio:

We enter todays session holding setups in METU, AMC, and OSCR.

Let's jump right into it.  Bulls were in control yesterday and had a massive win with the trendline breaking and they thrusted through to fill the bear gap.  Now they have their eyes set on 600 with the SPY.  Would love to see a break and hold there.  QQQ is also very close to ATH.  IWM showing strength and joining in now.  All the ingredients are beginning to mix to form an explosive summer time rally that we foresee.  

Today, focusing on flow once again and will be patient.  Could see either today or tomorrow swing a bit before we proceed.  But certain sectors remain hot and doubt they pause here.  Be ready.