Happy Memorial Day weekend! While markets are closed today, we’re keeping the tradition alive with a special Monday Scan edition of Sunday Scan. This week, we are joined by one of the top swing traders in IU and the trading community — Ariel Hernandez.
We are going to discuss macro conditions, momentum names, and swing trading technical setups, along with a review of Ariel’s current sector watchlist heading into the shortened week.
We are also running a Memorial Day Sale until tomorrow night – make sure to check it out and join us in the chat room this week.
Video Scan and Game Plan
Market Overview
The S&P 500 has rallied over 20% off April lows and now sits within striking distance of all-time highs. The broader tape has remained firm despite last week’s geopolitical volatility, weak bond auction results, and cautious sentiment around U.S. tariffs.
A few macro highlights:
- Gold is retesting its April highs
- Bitcoin pushed to a new all-time high of $111,000, though bitcoin adjacent name $MSTR showed some late-week divergence worth noting
- NVIDIA earnings are set for Wednesday — arguably the week’s most important scheduled catalyst
Trade Concepts for the Week Ahead
Here are a few key concepts to guide your trading this week so you can trade with precision and patience:
- Focus on Relative Strength: For the swing traders, ask yourself: What held up best last week? That’s where we want to be!
- Confirmation Over Anticipation: Let the setup trigger before taking the risk
Watchlist for the Week Ahead
? Artificial Intelligence
For the momentum and intraday traders, these names might offer good reactive opportunities. Focus on range breaks with volume.
On Watch: CRWV, QBTS, RGTI, IONQ
⚛️ Nuclear & Energy
The sector continues to trend well — watch for dip and rip style breakout or gap up failed follow-through opportunities.
On Watch: OKLO, LTBR, CCJ, GEV
? Cybersecurity
Earnings breakouts with high-quality follow-through setups for more swing trades
On watch: ZS, RBRK
? Semiconductors
AVGO looks coiled and ready; CRDO offers a cleaner structure than many others. Earnings from NVDA on Wednesday after hours could move the entire group in either direction.
On Watch: AVGO (sector leader), AMD, ALAB, CRDO, TSM, NVDA
✈️ Aerospace & Defense
Quiet momentum building or swing trade potential. Watch for measured moves from tight flags and higher lows.
On watch: DRS, KTOS, HWM
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