Market Update + Best performing stocks for the week ending 6/6/2025

Market update: 

Friday we finally saw the $SPX close above the 6000 mark, which means nothing to me, but may trigger more retail buying? 

We're basically trading around 40 handles higher than 3 weeks ago, so there is a lack of momentum.

I'm determined to sit on my hands for as long as it takes to see the market correct.

  

#401k #AI bot alert "Attention: You appear to be invested too conservatively." GD right I am..! 😂

— Veteran Market Timer (@3Xtraders) June 2, 2025

I was down with a spring rally, but now that I see momentum drying up, and stocks being stair stepped up - Jim Cramer style - I'll wait for the next elevator (going down). 

The CNBC Pump Continues    

 OK, I don't usually watch CNBC, but after Friday's close I was clicking around and saw them reporting the top performers for the week, most of which were semiconductors. WBP (Weekly Best Performers) may have been the acronym they used? I've never seen them do a weekly pump job;  I suspect this is something new, and it may be linked to their so-called pro subscription service.  

 I can't seem to find the information - I saw reported after Friday's close - republished anywhere else, and AI was no help in tracking down the top performers for the week, so I'll have to try to recall them from memory . 

Micron $MU - up nearly 15% for the week

Microchip Technology $MCHP - up 12.5% for the week  

On Semiconductor $ON - up 19.4% for the week! 

This morning in Pre-market we continue to see Semiconductors leading with the 3X bull ETF up another 2.5% 

$SOXL 

 

 Last I checked the broader market was UNCH but small caps higher

 $TNA - 3X small cap bull +2.8% in pre-market 

 

 Friday we Saw Energy lead 

Crude Oil, and Energy are leading... don't forget about that trade. May 27th https://t.co/r7D5bGVW4X

— Veteran Market Timer (@3Xtraders) June 6, 2025

 

 I feel like we're getting into the summer doldrums, and markets are moving on very light volume...

  @Grok confirms 

Recent stock market trading volume has indeed been lighter than usual, based on multiple sources. Posts on X from late May and early June 2025 highlight significantly low trading volumes across markets. For instance, one post noted that retail trading flow for the week ending May 30, 2025, was the lowest year-to-date, while another described the volume on June 3, 2025, as among the lowest observed recently for major ETFs like SPY and QQQ. Additionally, a post from June 6, 2025, mentioned below-average volume for many companies, with summer historically being a period of reduced activity, a trend exacerbated since the first tariff announcement in 2025.

 Take Care, AA 

 

 

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