We came into this week with markets mostly flat — not a ton of action over the weekend.
But one thing did catch my eye right away to start the week…
Gold’s starting to pop again (though down a bit today).
If you pull up the futures, you’ll see we’re inching back toward all-time highs — closing in on $3,400 an ounce.
That’s not a small move.
And considering all the global tensions lately, I wouldn’t be surprised to see gold keep making noise.
What’s really interesting, though, is that Bitcoin is doing the opposite before today’s pop.
A lot of folks have lumped Bitcoin and gold into the same “safe haven” basket… but this week, they’re not on the same page.
We actually picked up BTC around $82K during an Opening Playbook session in April and rode it higher, but it’s pulled back from the recent highs a couple of weeks ago.
So what does that tell us?
To me, it’s a signal that risk sentiment is still very much in flux. When gold’s climbing and Bitcoin’s dropping, that’s usually a sign that traders are looking more for security and less for speculation.
But don’t read too much into a Monday move — we’ve got a full week ahead.
For now, just know this: Gold’s hot, Bitcoin’s cooling — today’s move aside — and the market’s still figuring out what matters most.
A Stock to Watch: Tesla (TSLA)
Tesla (TSLA) is a stock to pay close attention to this week, as it tends to be bullish at the beginning of June.
We know how much TSLA can move, so this seasonal trend could be worth a look.
Buying TSLA on June 3 and holding for 18 days has delivered a massive average return of 10.74% over the past several years. While past performance is no guarantee, it’s definitely worth considering as we move into June.
Graham Lindman
Graham Lindman Trading
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P.S. The Most Powerful Force in the Market — and Why It Matters Today
There’s an old Wall Street saying that goes something like, “Bull markets climb a wall of worry.”
Trade wars… interest rates… escalating geopolitical issues…
There’s always some reason not to invest.
But there’s one rare indicator that says you should ABSOLUTELY be invested right now.
It’s the Zweig Breadth Indicator… or ZBT for short.
It’s got a perfect track record going back to WWII.
And each of the 16 times the ZBT was triggered, the stock market rallied over the next year:
That makes it the most reliable bull market signal that I can think of.
And sure, you could buy an index fund and do alright…
Or maybe it just helps you sleep a bit better at night with your current holdings.
But you guys know that I never settle for “good enough.”
That’s why I dug in…
And found the No. 1 stock to take full advantage of the ZBT.
While I cannot promise future returns or protect against losses…
Based on my research, the hidden force driving this stock will only get supercharged now that the ZBT rally is in play.
If you want to get the No. 1 stock pick for June…
P.S. While I’m excited to share my No. 1 pick… I’ve also identified one stock that I think you should absolutely avoid.
