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Morning Market Report for Tuesday June 5, 2018

June 5, 2018

By | 2 Comments


Economic News

  • US asks OPEC to increase production – according to sources the U.S. government asked Saudi Arabia and some other oil producers to increase production by 1 million barrels a day.
  • Mexico hits the U.S. with tarriffs on pork and bourbon – also Mexico’s peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the rising trade tensions between the two neighbors.

Major Index Futures

  • Overall SummaryThe stock market that it no longer cares about the trade war as in trading on Friday morning it dashed ahead at the open and never looked back.
  • S&P 500 futures added 0.4% yesterday, the broad large-cap index has support at 2650 and resistance at 2750. 
  • Dow 30 futures rose 0.7% yesterdaythe blue-chip index has support at 23,500 and resistance at 25,000. 
  • Nasdaq Composite rose 0.7% yesterday, the composite’s support level is at 7,000 and resistance at 7,500. technology is very strong
  • SmallCap 2000 futures up 0.33%, small caps continue to rally
  • Key Index Futures (Updated 6 days a week 23 hours a day) Interactive Charts
  • Futures for the Nasdaq 100 Futures differ in price but not action from the Nasdaq 5000 Index.


  • Interactive Charts – 
  • The charts below are for the futures so that you can have a head start on the market before it opens.



  • Gold  – bearish trend – gold is dancing near the 1300 level with is a significant resistance and support level.
  • Silver – sideways – Support at 16 and resistance at 17.
  • Crude Oil – bearish – crude broke support and seems to be falling hard
  • Natural Gas – bullish trend pushing up against resistance at the 3 level
  • Key Commodity Futures


  • Interactive Charts



  • The below are snapshots of the last two months of sector performance as well as dynamic charts. 
  • Bullish  – Most other sectors are positive, with XLE Energy and Technology XLK as leaders.
  • Bearish – XLP Consumer Staples is the weakest sector



  • The chart below compares the last 20 days of sector performance in an easy to see chart. 
    • Interactive Major Sector ETF’s
  • My Current Favorite Key Industries ETF Charts 



    • USD – $93.79 – retracing after facing resistance at 95, could find support at 93 but most likely 92 is a stronger support level
    • The Charts Below are 3-Month Daily





  • Cryptocurrency 2-month Charts
  • Bitcoin – bearish
  • Litecoin – bearish
  • Ethereum – bearish
  • Ripple – bearish
  • Bitcoin Cash- bearish


Tackle Trading 25

      • Welcome to the new Tackle Trading Covered Call List for 2018
        • For Slightly Bullish Trends
          Naked Puts, Covered Calls, and for stocks over $100 Bull Put Spreads
        • For Neutral Trends
          – Iron Condors are great for stagnant stocks
        • For Slightly Bearish to Trends 
          – deep-in-the-money covered calls or Bear Call Spreads for stocks over $100
        • (be careful with overly aggressive directional trades like Shorting or buying Puts)



Final Trading Thoughts:

  • Slightly Bullish Market Bias –the market looks to start higher this morning as it tries to continue yesterday’s rally.


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Hector Duenas Jr. started his trading journey during the height of the tech bubble in 2001 as part of the 90% that loses money in the stock market.

A Rich Dad conference in 2016 changed his life and now he writes the Morning Market Reports, the Market Scoreboard, blogs, and appearances on the Coaches Show and the Cashflow Club for Tackle Trading. Hector specializes in cash-flow strategies such as Covered Calls on the Tackle 25 Watchlist, the Personal Gold System, Cashflow Condors, and speculating on Futures.

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2 Replies to “Morning Market Report for Tuesday June 5, 2018”

  1. Avatar AdiPuplampu says:

    Thank you

    1. Avatar HectorDuenas says:

      my pleasure Adi

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