This week on Sunday Scan, IU moderators Stan and Nick join us to discuss their contributions to the new Momentum Playbook course, share their market outlook, and break down the top opportunities they’re watching for the week ahead.
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After nearly two months of relentless upside, the market finally saw a meaningful pullback on Friday. Strong jobs data reduced expectations for Fed rate cuts, while semiconductor weakness following Broadcom’s earnings helped trigger profit-taking across the market.
Despite the selloff, many leading stocks simply pulled back into key support levels. With the SpaceX IPO approaching, continued rotation in AI and memory names, and several momentum stocks at important inflection points, this could be a pivotal week.
Video & Game Plan
Main Watches
AMD – Watching for continued semiconductor weakness after Friday’s selloff. The stock filled one gap and could work lower into additional support if semis remain under pressure.
SNDK / SNDQ – Extended memory name finally pulling back after a massive run. Friday’s weakness is being viewed as a healthy reset into support rather than a major trend change so far.
MU / MUD – Similar setup to SNDK. Memory names have become stretched and are entering a digestion phase after months of momentum.
SOXL / SOXS – Semiconductor bull and bear ETFs remain key gauges for sector direction. Watching whether Friday’s move develops into a larger unwind or simply a pause within the uptrend.
CRDO – Produced an aggressive daily-chart failure after a strong run. A candidate for additional downside if AI infrastructure names remain weak.
MRVL – Added to the S&P 500 after Friday’s close. Positive news, but traders will be watching whether broader semiconductor weakness overrides the catalyst.
QNT – Newly public quantum IPO. Weak action after its debut has traders looking for potential continuation lower.
IONQ – One of the leaders in the quantum theme. Important gauge for sentiment across the group.
QBTS – Another quantum name that attracted heavy speculative flows ahead of the QNT IPO.
LASE – After several sessions of momentum-driven gap-ups, the stock finally produced a premarket overextension failure. This week it could be on watch for a liquidity trap if it holds up.
FCEL – Looking for signs that speculative momentum is fading and whether the stock develops a failed follow-through pattern.
ENPH – Similar setup to FCEL. Watching to see if momentum stocks that benefited from market froth begin breaking trend and reverting lower.
RKLB / ASTS / LUNR – Primary SpaceX IPO sympathy names. Watching for either a renewed momentum push or another failed rally attempt into the IPO.
TSLA – Could be impacted by SpaceX IPO sentiment given Tesla’s investment exposure. Watching for sympathy movement depending on how the IPO is received.
SNOW – Strong earnings have helped support the stock. Watching for consolidation and potential continuation if the broader market stabilizes.
NOW – Starting to show signs of failed follow-through after a strong run. Potential mean reversion candidate.
META – Under pressure after reports that the company may seek additional capital to fund AI spending. Watching whether the market begins punishing AI-related capex spending that is not yet translating into earnings growth.
INTC – Big-picture breakdown watch. After a major run and extended consolidation, the stock may be entering the type of breakdown phase covered in the Momentum Playbook.
BTC / MSTR – Under pressure following Friday’s market weakness. Watching for potential breakdown setups across crypto-related names if risk appetite continues to cool.
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