Momentum Monday – It Feels A Touch Frothy and Silly… and It Is Time To Watch Interest Rates Again

Momentum Monday – It Feels A Touch Frothy and Silly… and It Is Time To Watch Interest Rates Again

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.

Welcome back to Momentum Monday!

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

  • Introduction and Market Outlook

  • Sector Trends and Volatility

  • Interest Rate Sensitive Sectors

  • Crypto and Tech Comparisons

  • Stock Highlights and Closing Thoughts

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:

  • Introduction and Market Outlook (0:00)

  • Sector Trends and Volatility (1:18)

  • Interest Rate Sensitive Sectors (3:46)

  • Crypto and Tech Comparisons (7:19)

  • Stock Highlights and Closing Thoughts (11:59)


Here are Ivanhoff’s thoughts:

The future is already here and is already reflected in stock prices. TSLA crushed estimates and mentioned that their goal is to make two million units a year of their driverless taxis. Gapped up and never looked back. Now, it is hovering near its 52-week highs. In the meantime, Google’s self-driving company Waymo is already working in multiple cities and the reviews by people who used it are overwhelmingly positive. GOOGL is also setting up for a potential breakout ahead of its earnings report next week. 

Other notable earnings breakouts from last week include PM, RSM, LRN, VKTX, and CLS. If the general market doesn’t sell off harshly, the dips in these stocks are likely to create great buying opportunities in the next two months or so. 

In the meantime, the volatility in the market is picking up. Rates are perking up. Stanley Druckenmiller said a few weeks ago that one of his biggest positions is short US Treasuries as he believes that deficits and inflation are going to increase under both candidates. If he is right, it’ll be hard for the stock market to sustain its uptrend with rates rising. QQQ just had a false breakdown followed by a false breakout two days apart. This shouldn’t be a big surprise considering the US Presidential elections are ten days away. We have to remain nimble in the next two weeks as volatility and choppiness are here to stay.


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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