EB Daily Market Report - Brief Update - Thursday, June 4, 2026

Thomas Bowley - June 04, 2026

Note: I will be traveling this weekend to a family reunion. Prior to leaving, I'm hoping to update the following ChartLists, which should be available for download during the day on Friday:

Strong Earnings (SECL)
Strong Future Earnings (SFECL)
Raised Guidance (RGCL)
Bullish Trifecta (BTCL)
Short Squeeze (SSCL)
Leading Stocks (LSCL)

Matt's Hot Stocks (HTCL) will be available on Monday morning.

There will be no weekend market recap video and our next Weekly Portfolio Report will be next weekend. The Key Manipulation Spreadsheet should be updated and available on Monday.

Here's a quick market recap for today:

The Dow Jones is up nearly 2%, leading the action, and setting yet another all-time high. It's now within 3% or so of the 53000 target established on the inverse head & shoulders breakout above 45000 in August 2025. Small caps (IWM, +1.80%) is also setting a fresh new all-time high and showing relative strength on the session. A slightly lower 10-year treasury yield ($TNX), down 2 basis points to 4.47% could be aiding the small cap area.

Crude oil ($WTIC, -3.10%) is down today in what's been quite a volatile week. Despite the falling crude prices, energy (XLE, +0.09%) is one of nine sectors in positive territory as money rotates away from technology (XLK, -0.92%) to many value-oriented areas. It's worth noting, however, that XLK is far off its earlier low. Semiconductors ($DJUSSC, -1.95%) are weak, led lower by Broadcom, Inc. (AVGO, -11.90%), after the chipmaker posted its latest quarterly earnings results on Wednesday after the bell.

CrowdStrike Holdings (CRWD, -3.97%) reported its results after the bell on Wednesday and it initially resulted in lower prices for software ($DJUSSW, +0.24%), although this group has managed to rebound nicely off earlier lows and back into positive territory. CRWD is currently trading significantly off its earlier low.

Health care (XLV, +2.99%) and financials (XLF, +2.64%) are showing relative strength today, as banks ($DJUSBK, +3.64%), in particular, are strong.

Happy trading!

Tom