Eric Cunningham

Trader. Traveler. Author. Investor. Local nut. Disciplined in markets, steady in crises, & curious everywhere else.

[Eric Cunningham @TopFlightTrades]

Friday was ugly, but that is exactly why I track conditions instead of emotions. 19 of 30 names remain in ACQUIRE.

Leadership is under pressure, but the macro trend is not broken.

The playbook for this week is simple:
• Stay disciplined
• Let the data update
• Follow the evidence
Markets change. Conditions reveal it. Let's go!
$SMH $VOO $QQQ $SPY #letsgoboys

[Eric Cunningham @TopFlightTrades]

$IBIT entered the AVOID classification on May 22 at $42.96. It closed Friday at $34.14, which represents a decline of 20.53%.

Exiting the position did more than save capital. It avoided a drawdown that now requires a 25.8% rally just to return to break-even.
Conditions change, and defense matters. 🔴

[Eric Cunningham @TopFlightTrades]

Do not let red days like Friday cloud the big picture. As long as $SPY, $QQQ, and $VOO hold their positions in ACQUIRE, indicating Bullish-Strong conditions, your broader macro bias must remain constructive. We've been through this hundreds of times!

[Eric Cunningham @TopFlightTrades]

FRIDAY LEADERSHIP CHANGES
Downgraded to 🟩 HOLD: $NVDA , $AMZN , $AVGO
Downgraded to 🟨 WATCH: $CRWV
Downgraded to 🔴 AVOID: $MSFT , $META

The weekend news cycle perfectly validated why $META and $MSFT were forcefully dropped to AVOID. Massive AI infrastructure spending, rising capital demands, debt issuance, power constraints, and uncertain return timelines are becoming harder for investors to ignore.

[Eric Cunningham @TopFlightTrades]

The Avoid list grew.
The Acquire list shrank.

That's not an opinion.
That's what the market told us.

$SPY $QQQ $VOO $SMH $IBIT

[Eric Cunningham @TopFlightTrades]

AVOID LIST
$IBIT $PLTR $MSFT $META $RTX $NOC $LMT
Current Condition: Bearish - Strong
$MSFT entered the Avoid category Friday.
$META deteriorated from Reduce to Avoid.
Avoid count increased from 5 to 7.

[Eric Cunningham @TopFlightTrades]

Time to shut down.... Cheers!

[Eric Cunningham @TopFlightTrades]

ACQUIRE SPOTLIGHT
$GOOG
Price: $365.76
Daily Change: -0.95%
Acquire Since: 06/04/26 @ $369.27
Return Since Acquire: -0.9%

GOOG was the strongest relative performer among Acquire stocks during Friday's severe market selloff. While most technology names suffered substantial declines, GOOG lost less than 1% and maintained its Acquire classification.

[Eric Cunningham @TopFlightTrades]

Despite one of the worst market sessions in months, all five major benchmark ETFs $SPY , $QQQ , $IWM , $VOO , $SMH remain classified as Acquire.
Leadership weakened. Leadership did not break.

[Eric Cunningham @TopFlightTrades]

https://t.co/IIgJQlUXL5

[Eric Cunningham @TopFlightTrades]

Markets suffered their sharpest selloff in weeks as technology stocks led a broad risk-off decline.

The key question is whether leadership merely pulled back or whether it broke.

$QQQ $SMH $SPY $IWM $VOO

[Eric Cunningham @TopFlightTrades]

A surprising amount of progress comes from simply continuing after the excitement wears off.

[Eric Cunningham @TopFlightTrades]

I've become less interested in being impressed and more interested in being consistent.

[Eric Cunningham @TopFlightTrades]

The best part of today's report?

No new Avoid stocks. That's a bigger deal than most people realize.

https://t.co/Aem4LaQ5Zd

[Eric Cunningham @TopFlightTrades]

https://t.co/2HEELJMooH

[Eric Cunningham @TopFlightTrades]

A surprising amount of happiness comes from having something meaningful to look forward to. Like Tillamook ice cream @tillamookice
#moreicecream #goodnight

[Eric Cunningham @TopFlightTrades]

I've noticed that life rarely gets easier.

People just get stronger, wiser, and more capable.