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Friday
- 3pm - Weekly Wrap Up
📺 G7 Summit Fallout Replay – Watch Now
Tom just revealed the one ticker he’s laser-focused on after the explosive G7 Summit — and the simple trading plan he’s using to approach it.
This isn’t fluff — the summit shook up global markets with tariff talk, tech tension, and trade war threats… and Tom believes a major move is brewing.
✅ Get the setup
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✅ Watch the replay before the market fully reacts
👉 Click here to watch the replay
Market Editorial - Chuck Crow
Kroger Corp (KR)
KR on Wednesday traded below the low of the previous day for the first time since June 11. Wednesday’s low was 65.22. Last week’s low was the June 11 low at 64.15. That number is currently support, and the resistance for KR is the current high of this week at 66.36 from June 17.
Previous Stocks
CSCO had a high on Wednesday at 66.34 which is just two cents shy of last week’s high at 66.36. The stock was very close to breaking resistance while also maintaining support above last week’s low at 63.87.
SMCI on Wednesday broke out of a tight trading range by moving to a new high of the month at 45.67. The low of the week is 42.07. If this stock can continue to push the topside while simultaneously pulling up the lows then it may be going somewhere.
TGT from Tuesday low at 94.86 went down another 3 cents to Wednesday’s low at 94.83. Both numbers are still above last week’s low at 94.78, and that would be impressive, but we are looking for 103 resistance not 94.78 support.
Observation
The market survived the FOMC but dived into the Juneteenth Holiday. With all the distractions, and possible complications involved in the current geopolitical situation it makes sense that when markets are going on a short hiatus the prices would drop somewhat. The idea is risk on vs risk off. When the markets are fully open there is some availability in the market to react to outside unforeseen pressures. That availability drops off over the weekend or over a holiday. Selling in futures markets could provide a hedge against long term positions in the equity markets. Therefore selling pressure going into the holiday and the weekend becomes logical. The problem is the market is only static when it starts and stops, not where. Selling pressure could already be applied with some relief on adjustments, or it could be overdue. One of the major clues we have this week is an open of the week at 6001.00. There are also a few other numbers to consider, like last week’s low at 5927.50 and last Friday’s close at 5978.25. This is the second weekend with the Iran Israel conflict ongoing. So we do have some data to observe.
News for the Week
Probabilities for the Week
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