Happy Friday! Gold’s sharp pullback has brought it back to a key technical level that has delivered major turning points in the past and has Wall Street’s full attention. Read on to see what investors are watching and what the data says will likely take place next.

Ed Yardeni just made a Fed prediction that few on Wall Street are willing to make, and if he's right, markets could be in for a major surprise. See what's behind his bold call and why investors are paying close attention.

Also, while Nvidia and Vertiv have become the biggest names of the AI trade, one emerging player says the industry's most important challenge remains largely unsolved. Discover why this under-the-radar company thinks it has the answer.

Plus, if you’re looking for a smarter way to identify market leaders, check out today’s sponsor and download their free eBook.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

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Gold Price Sits At Critical Technical Support: History Says Buy The Breakdown

After a huge rally at the start of the year to make new all-time highs, Gold has gone through a sharp pullback and is once again testing a key technical level that has appeared at several pivotal moments over the years.

While current weakness has many questioning a rally, the historical data tells investors a different story and the numbers behind the setup are difficult to ignore. See why this signal is generating buzz and see what history says will likely happen next.

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Yesterday: U.S. indexes finished mixed Thursday, with the Dow surging nearly 900 points to a fresh record close. Market leadership broadened as investors rotated out of tech and into health care, financials, and communication services. Semiconductor stocks came under pressure after Broadcom shares fell nearly 15% following in-line results and unchanged guidance, sparking weakness across AI and chip sectors. Investors are now focused on today’s nonfarm payrolls report (May), which is expected to show job growth slowing to 80,000 positions, down from an average of 150,000 over the previous two months. Economists also anticipate the unemployment rate will remain unchanged at 4.3%. Meanwhile, crypto remained under pressure, with Bitcoin falling as low as $61,000 before recovering some of those losses.

On Our Radar: Looking ahead, Wall Street will be paying attention to nonfarm payrolls, the unemployment rate, consumer credit data, and the total rig count for fresh signals on labor market strength, consumer borrowing trends, and overall economic momentum. On the earnings front, all eyes will be on The Campbell's Company (CPB) which will report before the market opens on Monday.

Shares of Goldman Sachs (GS), JPMorgan (JPM), UnitedHealth (UNH), and Merck (MRK) were among the top gainers on the day to help the DOW make another new all-time high. Meanwhile, Broadcom (AVGO), Micron (MU), SanDisk (SNDK), and Ciena (CIEN) were among the top laggards on the day. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Thursday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Ark Moves: Cathie Wood and Ark Invest made significant trades involving Alphabet, Meta and Alibaba. It also included another surprising move with AMD. Read on to see what other stocks she’s buying and selling.

Gravity Check: A sharp sentiment shift is sending space stocks back to Earth, wiping out gains across the sector. See what’s causing the sudden drop and how long it will likely last.

AI Flush: One of the hottest stocks in the market just got hit hard, sending shares plunging. But the selloff may have fixed a bigger problem. Here’s why.

Dethroned: After more than a decade, Walmart has been knocked off its throne by Amazon. Here’s all the details and the new Top 10 rankings of all competitors.

Stock Of The Day: Marvell’s unstoppable rally took a pause on Thursday as shares pulled back. Read on to see the levels traders are watching and where shares are likely headed next.

3 Overbought Sectors To Trade Before The SpaceX IPO

The SOX just hit its most overbought RSI reading on record. The financials are deteriorating quietly. Regional banks are sending signals the headline indexes haven't caught yet. Expert trader Matt Maley is going live Sunday at 1 PM ET to show exactly how he's positioned and what he's watching before Friday's debut.

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