The stock market delivered a powerhouse performance on Friday, with the 50-day moving average holding firm for the third or fourth time during this rally. The result? A day of all-day trends, with large-cap and small-cap stocks alike surging to impressive gains.
What Happened on Friday?
The rally was nothing short of spectacular:
- Tesla rebounded 8% after a tough week, breaking critical levels.
- Nvidia surged 5%, leading the charge in semiconductors.
- Small-cap and mid-cap stocks, including robotics and quantum companies, experienced massive moves—some exceeding 30%!
This rally confirms strong market momentum, with many stocks bouncing back after weeks of consolidation.
What’s Hot This Week?
- Robotics & Tech:
- Companies like CRNC and SRV delivered stunning performances on Friday. Keep an eye on robot-related names for potential day-two plays.
- Be mindful of the CES Tech Conference impact—stocks rallying due to the event may see a “buy the rumor, sell the news” pattern.
- Large Caps with Breakout Potential:
- Tesla (TSLA): Watch for follow-through if the market opens flat.
- Nvidia (NVDA): A strong move above the 50-day moving average suggests potential for more gains.
- Helicopter & Space Stocks:
- Joby Aviation (JOBY): Clean breakout potential after a month-long consolidation.
- Crypto & Blockchain Names:
- Stocks like MSTR and BTDR are leading the charge in the crypto space. BTDR, in particular, stands out with its clean chart setup.
Trading Tips for This Week
- Look for Weak Opens: Avoid chasing gap-ups, especially on large-cap names, as they can limit intraday range.
- Use Tight Stops: The market’s volatility makes it essential to protect gains and limit losses.
The Friday market rally was huge. It was only 1 day but definatly something to build on. Lets see if we get some follow though in the markets.
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Check out Szamans blog he always has some of the best ideas! Trading Watch List 01.06.2025 | Bulls on Wall Street
