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Momentum Monday - Momentum For Everyone
Howard Lindzon
January 06, 2025
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Welcome back to Momentum Monday!
In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:
Unusual Crypto Trends to Watch in 2025
Momentum Stocks Update and Market Projections
Investment Strategies and Market Trends
Market Optimism and Potential Risks
High Momentum Stocks Surge in Early 2021 Comparison
Momentum in Mega Caps and Crypto
Reminder: Riley on my team created the ‘Trends With No Friends’ email which is my go to list every day to track what is working and what is not. You can get it for free here.
In This Episode, We Cover:
Here are Ivanhoff’s thoughts:
The indexes might struggle to get a proper bounce, but the new year began strong for a decent number of momentum stocks. If the thesis that the price action in momentum stocks precedes the price action in the general market is true, then we may see a more sustainable bounce around the corner.
The market is excited about the new year’s possibilities, and so many of the themes that shined in 2024 are currently outperforming – AI, quantum computing, crypto, robotics, drones, and air taxis.
NVDA is still the leader. It finally broke above its 50dma above 140, and it might be heading for a test of 150. Other AI-related stocks are also standing out. MRVL and AVGO allow other companies to create their own AI chips. VRT provides the cooling technology needed for data centers, and VST, CEG, and GEV provide the energy needed to power data centers.
Bitcoin has kept finding support near the VWAP since the elections. It had another bounce at the start of the new year, which brought enthusiasm to the rest of the crypto space – Solana, Ethereum, etc. The crypto plays in the stock market also bounced – COIN, MSTR, HOOD, MARA.
GOOGL made a higher low above its 20dma. It might be setting up for another leg higher towards 200-220. Google is a leader in all hot themes right now – AI, self-driving, robotics, quantum computing, etc.
As expected, Tesla missed Q4 deliveries estimates. It pulled back to the VWAP since the elections around 375 where it found support. TSLA is a meme stock in a way, so dips are a buying opportunity until it closes below 375.
And here are the charts discussed:
PS - Here is the latest ‘Trends With No Friends’ which covers ‘new highs and new lows’ and measures the followers (friends) on Stocktwits versus the prices. Subscribe here.
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