✅ Short-Term Breadth Signal: GREEN LIGHT

Market breadth is trending higher and has crossed above its 5-day moving average—a reliable risk-on signal for swing traders.

The simplest way to capitalize:
Go long the major leveraged ETFs and ride the wave until breadth closes back below the 5-day moving average.

Suggested ETFs for momentum exposure:

  • TQQQ – Nasdaq 100

  • SPXL – S&P 500

  • TNA – Russell 2000

  • SOXL – Semis

  • FNGU – Big-cap tech/growth

  • FAS – Financials

🟢 Momentum favors the bold—just don’t overstay the party once breadth flips.

◀️ Monday – Steel Tariffs & AI Deals

Markets opened the week strong as investors looked ahead to trade negotiations and Fed signals following a strong May. Steel stocks surged after Trump raised tariffs to 50%, rattling automakers and construction firms.

  • Fed Chair Jerome Powell avoided direct commentary on rate policy, while Fed Governor Christopher Waller floated the idea of a rate cut later this year.

  • Applied Digital exploded higher after announcing a $7B AI infrastructure deal with CoreWeave.

  • Meta revealed it’s moving toward fully AI-generated ads, kicking off the week with an aggressive innovation push.

🌏️ Tuesday – Jobs Beat, Fed Patience, and Energy Deals

Markets pushed higher again as U.S. jobs data beat expectations and earnings continued to impress. The Fed reiterated its cautious approach.

  • Meta signed a 20-year nuclear energy deal with Constellation Energy to power its data centers—possibly setting a trend for AI compute firms.

  • Fed Governor Lisa Cook warned that higher tariffs could lead to a resurgence in inflation.

  • Elon Musk went on the offensive, calling Trump’s new tax bill a “disgusting abomination,” raising new concerns over fiscal discipline as Senate Republicans weighed its implications.

⚡️ Wednesday – Slower Hiring, AI Friction, and Infrastructure Spend

A relatively quiet day for equities. ADP data showed a slowdown in private-sector hiring, setting the stage for Friday’s big payroll number.

  • Reddit sued Anthropic, alleging unauthorized use of Reddit data to train its AI. Anthropic confirmed that Claude was partially trained on Reddit content.

  • Apple and Alibaba hit delays in rolling out their AI tools in China due to regulatory pushback.

  • Amazon has committed $10 billion to expand its cloud and AI infrastructure footprint in North Carolina.

🐂 Thursday – Tesla Tanks, Circle Soars

Markets pulled back after a chaotic session led by a sharp selloff in Tesla.

  • Tesla dropped 14% as Elon Musk’s public spat with Trump over the GOP spending bill dominated headlines.

  • Broadcom beat earnings but failed to impress—stock slipped modestly.

  • Circle jumped nearly 40% on IPO debut, drawing attention back to crypto infrastructure.

  • The U.S. trade deficit narrowed in April thanks to tariff shifts.

  • Boeing settled its long-running $1.1B DOJ case tied to the 737 Max crashes.

💚 Friday – S&P 6,000 Breakout on Jobs Beat

Markets ripped higher after a strong May jobs report showed 139,000 new jobs and unemployment holding at 4.2%.

  • Trump called for a full percentage point rate cut, adding pressure on the Fed.

  • Space stocks rallied after Trump floated limiting federal contracts to SpaceX during his feud with Musk.

  • S&P Global’s site crashed as traders rushed to see index changes—Robinhood was among the names rumored to be added.

  • Ford, GM, and Stellantis secured rare-earth export licenses from China after a Trump–Xi phone call, easing supply chain concerns.

Earnings of interest this week:

Monday: CASY

Tuesday: GME, MIND, SFIX, PETS.

Wednesday: CHWY, ORCL.

Thursday: ADBE, RH.