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Momentum Monday - Palantir leads Cyber With Right To Have Someone Follow You Around and Sit in Your Kitchen
Howard Lindzon
June 02, 2025
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Good morning…
The markets are waiting for news that is not tariff related to sink its teeth into.
Stocks are consolidating recent big gains of May that few expected which is good to see.
If you were panicked by Liberation day, you have had your chance the last week to sell down positions so that you won’t panic the next time. You also can rejigger your portfolio and get rid of stocks that have been left behind.
As always, Ivanhoff and I tour the markets to look for the momentum and trends…cyber led by Palantir which has the right to now look into your very soul and Crowdstrike, select financials, select biotechs and aerospace remain leaders.
Welcome back to Momentum Monday!
In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:
Market Updates and Bullish Trends
Analysis of China's Market Movements
Strong Sectors: Cybersecurity, Biotech, and Financials
Investment Opportunities in Drone Technology
Opportunities in Cybersecurity Stocks
Insights into RAAS and Wealth Management
In This Episode, We Cover:
Here are Ivanhoff’s thoughts:
Deal, no deal; tariffs, no tariffs; sanctions, no sanctions – the market has been whipped around by headlines lately. It is normal to see it stall and consolidate its gains from the past few weeks. Most momentum leaders were very extended two weeks ago. Now, some are back to their rising 20-day simple moving average – a spot that tends to offer a better risk-to-reward entry in a bull market.
NVDA closed its DeepSeek gap last week, only to pull back to its base. Nvidia still powers the AI revolution, so dips are likely to be bought. The next potential level of support is around 130.
PLTR tried to break out on Friday after another government contract. The weakness in the general market kept a lid on it. Are we going to see a “what failed moves come fast moves in the opposite direction,” or will it continue to consolidate? It’ll depend on the overall market.
TSLA also had a breakout attempt in anticipation of its Robotaxy launch in June. It pulled back to its base on Friday. 330 is potential support.
BA also had a failed breakout attempt that fizzled. There were so many failed breakout attempts last week. BA is expected to be among the biggest beneficiaries of the new trade deals, so pullbacks to its 20 and 50-day moving averages would offer good risk-to-reward entry opportunities.
BROS remains among the current momentum leaders. It is consolidating in the tight range with a pivot around 72-73. The question is, do we want to chase it above its pivot with so many failed breakout attempts lately, or is it wiser to wait for its rising 20-day moving average, where we could enter with a tight risk?
And here are the charts discussed:
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