Momentum Monday - What. A. Month.

Author

Howard Lindzon
April 28, 2025

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Good morning…

What a month. Have a look…

My friend Ryan shared this bullish piece of data as we close the month…

On April 3rd I wrote…’could we crash’.

We did.

By April 10, post $VIX ( ▼ 3.9% ) 60 which I was a buyer of here, I wrote ‘Are We Back?’

I started selling what I bought the week before because it was up so fast and my personal opinion was it was too early to tell.

For me it is hard to bet that such a historically volatile White House will all of a sudden choose low volatility.

Now here we are with possibly the largest monthly reversal in history.

So far Latin American Markets, cyber security stocks and European stocks are leading the way.

Ivanhoff walks you through it all in today’s show. I was not able to join.

Welcome back to Momentum Monday!

In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:  

  • NASDAQ 100 Recap

  • European Stocks Outperforming US Stocks

  • Top Performing Cybersecurity Stocks for Investors

  • Latin American Markets Hit New Highs

  • Navigating Market Volatility and Trade Policy Risks

  • Navigating a Corrective Market: Short-term Trading Strategies

In This Episode, We Cover:

  • NASDAQ 100 Recap (0:00)

  • European Stocks Outperforming US Stocks (2:00)

  • Top Performing Cybersecurity Stocks for Investors (3:41)

  • Latin American Markets Hit New Highs (5:34)

  • Navigating Market Volatility and Trade Policy Risks (7:19)

  • Navigating a Corrective Market: Short-term Trading Strategies (9:04)

Here are Ivanhoff’s thoughts:

There have been no trade deals made, and there aren’t even any negotiations with China. Despite that, stocks have been rising. Someone is bidding. When we see stocks go up on bad news, we have to assume that people with inside information know what’s coming and are buying ahead of it. 

There is a good chance this is just another bear market rally towards a declining 50 or 200dma. When the bear puts out honey, it’s usually a trap. And yet, Germany just closed at all-time highs. Some markets have recovered a lot faster than others:

Cybersecurity stocks showed notable relative strength during the March/April correction and were among the first ones to pop up above their 50-day moving average. Now, PLTR is only 10% away from its all-time high. CRWD is 7% away. ZS, OKTS, and RBRK are setting up for a potential breakout. 

Bitcoin is back above its VWAP since the presidential elections, and it has pulled higher crypto-related stocks like MSTR and HOOD.

European financials ETF, EUFN, is at all-time highs. Indian bank stocks like IBN are consolidating near their all-time highs. Argentine bank stocks GGAL and BBAR are working on a new base. Mexico ETF, EWW, is at new 6-month highs.

QQQ and SPY finished the week above their volume-weighted average price since their all-time highs. The last time they tested that level in March, they sold off violently. Not this time. This is a change in character. If they can spend a day or two above that level, they are likely to test their declining 50-day moving average: about 480 for QQQ and 560 for SPY.

And here are the charts discussed:

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