Bitcoin
Bitcoin needs to trade through 107,750 to re-establish the uptrend.
S&P500
The S&P 500 is currently below the 10-day average, and overhead resistance is located at 6059, with a lower high stop-loss at 6004.
BBUS is the inverse ETF to consider.
NASDAQ & S&P500
US May retail sales missed consensus amid a pullback in auto sales. May industrial production also unexpectedly declined as manufacturers struggled for traction against cooling demand.
NASDAQ: holding above support.
S&P500: Lower high in place and stop loss required on a reversal through 6059
Okta
Okta, Inc. – Class A Common : Add to your watchlist & wait for the price to close above the 10-day average.
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Raytheon
RTX Corporation Common is under Algo Engine buy conditions. It’s a top 5 holding in our US fund, which is now up 29%
For more information on our managed fund, click here or call 1300 614 002.
Lockheed Martin
Lockheed Martin Corporation Common is under Algo Engine buy conditions.
Buy with a stop loss at $443.41
Pro Trade: Financial Bear 3x
Jamie Dimon warns U.S. economy could soon ‘deteriorate’
The impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy have faded, and that makes the country vulnerable to a downturn in the coming months
“I think there’s a chance real numbers will deteriorate soon,” Dimon said at a Morgan Stanley conference on Tuesday, according to a transcript from FactSet.
US Growth Outlook
The Organization for Economic Co-operation and Development downgraded the US growth outlook to 1.6% in 2025 and 1.5% in 2026. The OECD previously expected a 2.2% expansion in 2025.
Nvidia Corporation
Nvidia reported better-than-expected earnings and revenue on Wednesday, as the company’s booming data center business recorded year-over-year growth of more than 73%.
Overall revenue grew 69% during the quarter.
EPS FY25 = $3.00: FY26 =$4.25: FY27 = $6.00: FY28 $7.30
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