Stock Market Outlook for June 3, 2025
The market is no longer enticing the type of buying demand that was apparent between mid-April and mid-May when support at the 50-hour moving average produced large thrusts higher.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
Subscribers Click on the relevant link to view the full profile. Not a subscriber? Signup here.
Team, Inc. (NYSE:TISI) Seasonal Chart
Paycom Software, Inc. (NYSE:PAYC) Seasonal Chart
ARK Web x.0 ETF (AMEX:ARKW) Seasonal Chart
Vanguard Mega Cap ETF (NYSE:MGC) Seasonal Chart
Invesco S&P 500 Top 50 ETF (NYSE:XLG) Seasonal Chart
Akero Therapeutics Inc. (NASD:AKRO) Seasonal Chart
The Markets
Stocks closed mildly higher to start the new month as investors found comfort from headlines that President Trump and China’s leader Xi Jinping will likely speak this week amidst ongoing tariff uncertainty. The S&P 500 Index gained just over four-tenths of one percent, continuing to test the band of resistance between 5900 and 6100. The moves over the past few days, albeit slight, are providing hint that the short-term rising trend stemming from the April lows is coming to an end with the 50-hour moving average no longer enticing the type of buying demand that has been observed over the past month and a half; a digestive period heading into the end of the second quarter is likely underway. Upside gap support around 5700 remains the critical level to watch over the short-term timeframe given a violation of the implied level of support would lead to a resumption of the strains that the intermediate-term trend has been portraying since the start of the year. Our list of candidates in the market that are worthy to Accumulate continues to perform well and, this week, our ratings changes were few.
Want to know which areas of the market to buy or sell? Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market. Subscribers can login and click on the relevant links to access.
- Currencies
- Cryptocurrencies
- Commodities
- Major Benchmarks
- Sub-sectors / Industries
- ETFs: Bonds | Commodities | Equity Markets | Industries | Sectors
Subscribe now.
Today, in our Market Outlook to subscribers, we discuss the following:
- Our weekly chart books update, along with our list of all segments of the market to either Accumulate or Avoid
- Other Notes
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for June 3
Not signed up yet? Subscribe now to receive full access to all of the research and analysis that we publish
Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.84.
Just Released…
Our monthly report for June is out, providing you with everything that you need to know to navigate the market through the month(s) ahead.
Highlights in this report include:
- Equity market tendencies in the month of June
- Breakout of the 30-Year Treasury Yield above the psychologically important 5% level
- US Dollar Index threatening a breakdown of its prevailing range
- Technology has had a swift rebound from the April lows, but defensive tech is where to position this summer
- Despite much volatility, the performance of the S&P 500 Index is back on track with our baseline of how the market was expected to perform this year
- Stocks that are benefiting from the wild gyrations in the market this year
- Health Care showing unhealthy technical profiles during this period of average risk aversion
- Defense set to defend portfolios this summer
- Consumers scrutinizing discretionary purchases
- Agricultural commodities in demand as food inflation perks up
- Weak Visa Spending Momentum, but still good potential in the stocks
- The first of the weakest two-week spans of the year in the equity market
- Breadth indicators have not yet crossed the threshold to suggest that the equity market is back on a sustainable rising trend
- Our list of all segments of the market to either Accumulate or Avoid, along with relevant ETFs
- Positioning for the months ahead
- Sector Reviews and Ratings
- Stocks that have Frequently Gained in the Month of June
- Notable Stocks and ETFs Entering their Period of Strength in June
Subscribers can look for this 105-page report in their inbox in the report archive.
Not subscribed yet? Signup now to receive access to this report and all of the research that we publish.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
| Sponsored By... |
|
