Pre-Market Brief — Jun 01 | MSFT, ORCL, HOOD

0:00Good morning and happy Monday. It is June 1st and the week is kicking off with some serious pre-market fireworks from Microsoft, Oracle, and Robin Hood markets. Tech is in the driver's seat before the bell even rings. Friday's session showed a clear risk on tilt in growth oriented corners of the market with technology up over 2% and financials adding about half a point. On the other side, consumer staples dropped nearly 2%, energy shed more than 1%. And consumer discretionary slid close to 1% as well. That kind of rotation out of defensives and into growth can suggest traders were willing to take on more risk heading into the weekend.

0:44Gold futures saw volume running at 5.3 times the average pace while slipping about half a percent pointing to heavy participation in the commodity space even as price edged lower. Worth watching for what that says about macro sentiment. Costco wholesale traded at three times its normal volume with the stock down nearly 4% indicating a notable level of conviction among sellers in that session. Adobe was the standout in the other direction printing 7.3% higher on volume 2.3 times the average. a combination that technically signals strong interest backing that move. Microsoft is surging over 5% in pre-market trade and the automated technical signal here is flagging a breakout on volume running at 2.3 times the 20-day average. That kind of participation behind a price move tends to carry more weight than a low volume drift. The RSI is sitting right at the edge of overbought territory near 70. So traders watching this name may want to keep an eye on whether momentum can sustain at these levels or begins to pull back. Oracle is the big mover of the morning up nearly 11% ahead of the open with the technical model registering a full strength breakout signal. RSI has pushed to 75 which puts it firmly in overbought territory by conventional measures. That does not mean the move reverses but it does flag that the name is stretched and momentum traders may already be heavily positioned. Volume came in at nearly double the average in Friday's session, adding some weight to the move. Robin Hood Markets is up over 11% in pre-market, matching Oracle for the biggest gain in today's watch list. And the automated signal is calling a breakout here as well. Volume clocked in at 2.6 times the 20-day average, which suggests this was not a quiet, low conviction move. There was real participation behind it. RSI is approaching 70 but has not crossed into overbought territory yet, leaving some technical runway if buying interest continues.

2:45Intel is heading the other direction this morning, down over 5% in pre-market. And the technical signal here is neutral with no directional conviction registered by the model. Volume was only modestly elevated at 1.3 times the average, suggesting this pullback did not see an aggressive wave of sellers piling in, more of a measured decline. RSI at roughly 59 keeps the name in neutral territory and the 50-day moving average remains above the 200 day. So, the longerterm trend structure is still intact even with this morning's softness.

3:18Keep an eye on how these pre-market moves hold once the open arrives. That is often where the real story gets written. This video is for educational andformational purposes only and is not financial advice. Markets are risky. Do your own research and consult a licensed financial professional before trading.