Oil Hits Contract High! Washington Scrambles on Inflation! | Midday Market Minute | 5.31.22

Posted: May 31, 2022, 1:30 p.m.


The S&P bounced off of Major 3 Star support, giving $SPY & $QQQ investors a nice start to the week. 4200 was the high today, which is a 10% up move from the lows.

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Crude Oil made new overnight contract highs, but is currently $5 off of that level. Managing your downside with stop losses is key to longevity here.

Gold and Silver are both hitting resistance, as the dollar is rallying. We remain cautiously bullish.



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