Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Philstockworld (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Terrific Tuesday – Jumping Higher in June

% of readers think this story is Fact. Add your two cents.


We’re flying higher this morning.

Not for any particular reason other than the post-holiday volume is very low and it’s easy to manipulate the market so why not set a new high to open the new month?  The Dow is almost at 35,000, S&P 4,225, Nasdaq 13,750 and Russell 2,300 and both the Russell and the Nasdaq are 50-points off their Spring highs still but it’s a very impressive start nonetheless.

It’s a short week and we have very little data, mostly PMI and ISM numbers with 9 Fed speakers plus Powell on Friday morning.  We do have a look at the Beige Book tomorrow at 2pm but it’s even going to be a slow earnings week – with very few major reports and nothing that’s likely to move the market – one way or another:

Image

Things are hardly back to normal at the beginning of month 6 of 2021 as evidenced by the weekend box office at the movies, which TOTALED $97M, $57M of which went to “A Quiet Place Part II” – that’s about half of what a normal Memorial Day weekend brings in and part of that is because “Cruella”, the other big show for the weekend, was also released on TV in this strange World we now live in – so it’s hard to say the movies were a total disaster but I have ti imagine it’s a harbinger for a disappointing weekend and that means I would like to take a poke at shorting Oil (/CL) Futures at the $68.50 mark – with tight stops above that line.   

It looks to me that oil has gotten way ahead of itself though this week’s Inventory Report, which is delayed until Thursday, will only show the pre-holiday levels – so we won’t get a real indication of demand until next week – it could be a rough ride but I’d hate to miss the opportunity to catch a $2,000 per contract move down, back to $66.50.  OPEC is also meeting today, so that’s going to move things but it’s most likely they reduce their production cuts – especially with the general consensus that demand will…

Provided courtesy of Phil’s Stock World.

To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.

To sign-up for a free trial membership, click here.



Source: https://www.philstockworld.com/2021/06/01/terrific-tuesday-finishing-may-off-with-a-bang/?utm_source=beforeitsnews&utm_medium=feed&utm_campaign=psw-feeds&utm_content=article-link


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.