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- Momentum Monday - Something For Everyone Once Again...Enjoy While It Lasts and Doing The Work Still Matters!
Momentum Monday - Something For Everyone Once Again...Enjoy While It Lasts and Doing The Work Still Matters!
As a reminder, MarketSurge (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from MarketSurge. They are offering my readers 2 months for $59.95 - save $239. That's 80% off the most powerful stock research platform for individual investors.
Happy Tuesday afternoon…
What made me nervous last week during Momentum Monday…rising rates, Screaming US dollar and some breakdowns in leading stocks mostly reversed as I write this now…other than continued weakness in Apple. Today, Google almost closed above $200 for the first time.
As always…Ivanhoff and I tour the markets and do the work to see what is working and what is not. Have a listen/watch….
Welcome back to Momentum Monday!
In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:
Momentum Monday January 2025: Meme Coins and Market Trends
Recent Market Trends and Indices Stability
Energy Market Trends
Navigating Market Uptrends: Insights and Strategies
Trends in Tech and AI: Nvidia's Competition
Mentorship and Stock Picks: F5 Networks and Corning
Conclusion of the Week's Discussion
Also - hats off to our Stocktwits.com friend Larry who is one of many of course that does the work…day in and day out going therough the indexes and the charts and the patterns to try and stay one step ahead of the machines and the rest of the world chasing alpha. We really like this new thing he is doing called ‘chart bonanza’. Geek out. I did.
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:
Momentum Monday January 2025: Meme Coins and Market Trends (0:00)
Recent Market Trends and Indices Stability (2:35)
Energy Market Trends (5:00)
Navigating Market Uptrends: Insights and Strategies (7:04)
Trends in Tech and AI: Nvidia's Competition (9:07)
Mentorship and Stock Picks: F5 Networks and Corning (11:43)
Conclusion of the Week's Discussion (13:50)
Here are Ivanhoff’s thoughts:
The indexes have been chopping in a range ever since the last FOMC meeting – a few up days followed by a few down days and then a repeat of the same almost every week. SPY and QQQ have been making lower highs but now they are back above their 50dma. The silver lining is there have been a decent number of strong stocks pushing higher while the indexes have been chopping around.
The new earnings season has just begun. Financials beat estimates and went higher for the most part – GS, JPM, WFC.
TSM raised guidance and it lifted the entire semiconductor space. MRVL and AVGO are setting up near their all-time highs. If NVDA clears 140, it could test 150-155 again. ARM is also setting up for a potential breakout. Smaller semis like CRDO and SMTC have been on fire and leading the pack.
Crypto has been perking up in anticipation of Trump’s inauguration. HOOD, MSTR, and COIN were among the top gainers last week. Crypto miners also had a major bounce. There might be a buy the rumor sell the news even next week.
Big mega-caps have been a mixed bag. AAPL has been extremely weak in the past few weeks as they are having tougher competition in China and higher tariffs could impact them. AAPL might be heading for a test of its 200dma near 220. TSLA had a big bounce. Its 50dma around 375 is a new line in the sand. As long as it holds above it, it is a buy-the-dips stock. META has been choppy as it is not clear what happens with TikTok. It is still consolidating near its all-time highs. AMZN is setting up for a test of 230. GOOGL is setting up for a test of 200.
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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