Markets are closed today (Saturday), but the chatter among day traders on X hasn't stopped. After one of the most volatile weeks of 2026 — capped by the largest IPO in history — short-term traders are recapping, analyzing, and positioning for Monday.
The undisputed star of the weekend is SpaceX, which began trading on the Nasdaq under the ticker SPCX. The stock closed Friday at $160.95 — a 19.2% surge from its $135 IPO price — pushing the company's market cap past $2 trillion. Over 500 million shares changed hands on day one.
A Whirlwind Week
The days leading up to the IPO reminded seasoned traders why they love this market — and why it's dangerous. On Tuesday (June 10), the Dow plunged more than 900 points. Twenty-four hours later, on Wednesday, it rebounded 930 points — the sharpest reversal in months. The rally carried into Friday, which closed with modest gains.
The S&P 500 ended the week at 7,431, up roughly 0.6% for the week. The Nasdaq finished at 25,889, also modestly higher.
What Traders Are Saying
Veteran options trader @ultrawavetrader was especially active this week, holding large NVDA call option positions. NVDA closed Friday at $205.19, with millions of contracts in weekly and monthly options signaling continued interest.
@thestockwhale remains cautiously optimistic, framing the recent pullbacks — including the S&P 500's 2.6% drop on June 5 — as healthy corrections in a bull market. "Markets will keep going up long-term," the account noted, while adding a warning that we may be in the "8th–9th inning" of the current rally.
The Macro Picture
Two major forces shaped the week: hopes for a U.S.-Iran peace deal, which pushed oil down roughly $3.50 to around $84 a barrel, and inflation data. The May CPI print, released Wednesday, showed year-over-year inflation at 4.2% — the highest in three years but in line with expectations.
The weekly AAII Sentiment Survey showed a sharp spike in bearishness: 47.7% of independent investors reported bearish sentiment, the highest level in three months. Bullish sentiment dropped to just 30.4%. Some analysts see this as a contrarian bullish signal — when the crowd turns deeply bearish, the market tends to surprise to the upside.
Why It Matters
A weekend gives markets time to process. SpaceX's IPO has reshuffled the pecking order among mega-cap tech stocks — a new $2 trillion player is absorbing capital flows. At the same time, elevated retail bearishness could fuel further gains if the late-week positive momentum carries into Monday.
The Bottom Line
The past week was a sharp reminder of how quickly markets can flip. Day traders know the two keys for next week are SpaceX — which will continue drawing attention and volatility — and whether geopolitical optimism translates into a concrete peace deal. For now, on a Saturday, all that's left is refining the watch lists.
