SPX Extends Winning Streak — Key Earnings & Inflation Data Ahead + FREE Trade Idea
Hey Traders,
The S&P 500 (SPX) gained roughly 0.9% last week, closing at 7,473.47 and extending its winning streak to 8 straight weeks — the longest streak since 2023. Markets continued pushing to new highs as strong AI and tech momentum outweighed concerns around rising Treasury yields and Middle East tensions, while optimism surrounding a potential U.S.–Iran deal also helped support sentiment.
⚠️ What I’m Watching This Week
This week brings a mix of major economic data and important earnings reports that could shape short-term market direction.
Economic Reports
- Thursday, May 28: Initial Jobless Claims
- Friday, May 29: PCE Price Index (the Fed’s preferred inflation gauge)
Major Earnings
- Salesforce (CRM)
- Costco (COST)
- Dell Technologies (DELL)
- Snowflake (SNOW)
- Marvell Technology (MRVL)
With markets already extended after a strong rally, both inflation data and earnings guidance will be closely watched.
💡 FREE Trade Idea of the Week
Here’s a high-probability income setup I’m watching:
Ticker: QCOM
Current Price: $238.16
Strategy: Cash-Secured Put (CSP)
Strike Price: $192.50
Expiration Date: 6/26/2026
Premium Collected: $625
ROI: 3.24%
This setup allows us to collect strong premium while targeting a lower entry near a major support zone if assigned.
🚀 Want Weekly Trade Ideas & Market Guidance?
If you want a clear system to navigate markets like this, that’s exactly why I built The Launchpad.
Inside The Launchpad, you get:
- High-probability trade ideas
- Real time market outlook
- Options income strategies (like spreads, CSPs, and more)
- Real-time alerts and discussion
The goal is simple: help you stay consistent and grow your account — regardless of market conditions.
If you’re ready to trade with structure instead of emotion, The Launchpad is built for you.
Talk soon,
Gautam
⚠️ Disclaimer: Options involve risk and are not suitable for all investors. Returns are not guaranteed. This message is for educational purposes only and not financial advice.
