Is the 9-Day Market Rally Topping Out? Here’s What to Watch

The 9-day market rally has been an absolute banger, but we’re now approaching the 200-day moving average—a zone that historically doesn’t just roll over easily. In this post, I’ll break down what this means for the major indexes and share the top 7 stocks I’m watching this week.

📊 Market Overview: Bulls on Fire, But Resistance Is Here

The market's run over the past 9 days has been powerful—almost too clean. We've seen oversold bounces, V-like recoveries, and monster reversals off earnings. But now, as we approach the 200-day moving average, the rally might take a breather. These zones tend to trap some late bulls and offer a great spot for shakeouts before the next leg up.

Key Notes:

• We’re at 87 stochastic levels: time for consolidation?
• V-shaped bottoms are rare and often followed by a re-test.
• The SPY and QQQ are nearing significant resistance zones.

🧨 Easy Money Is Over—Now Comes the Grind

Look, the easy trades—the straight shots up—are probably behind us for now. If you’re running a portfolio, this is a good time to lock in partial profits. For day traders, the next few sessions could be full of fakeouts, so it’s about balance: longs and shorts on watch.

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🔥 Hot Stocks to Watch This Week

Here are the top trade ideas I’m watching based on setups, momentum, and earnings catalysts:

• $AMD – Beat-down name showing strength with a breakout over $103. Calls might be the play.
• $IONQ & $QBTS – Quantum stocks breaking out of ranges. SPAC money seems to be creeping back.
• $PLTR – Needs a quick shakeout before earnings for a clean setup.
• $Tesla ($TSLA) – Big breakout over $294.86 in play. Watching 300c for Friday.
• $DXCM – Day 2 play off earnings reversal. Strong volume and MA remount.
• $ASTS – Watch closely post-Google news. 20M volume on Friday was no joke.
• $Oclo & $TSM – Good rest day setups and potential faders depending on market reaction.

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📉 What to Avoid Right Now

Don’t chase extended names. Markets that ramp 9 days in a row often need to cool off. Chasing highs now is how you get chopped up.

This has been a gift from the trading gods, but don’t let that lull you into complacency. When the trades feel too easy, that’s the exact time to tighten up. Stay sharp. Stay humble. Respect the 200-day moving average.

Check out Szamans Nightly Watchlist Trading Watch List 05.05.2025 | Bulls On Wall Street

Here is our Weekly Trading Roundup

Copy and Paste tc2000 watchlist

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🖋️ About the Author

Kunal Desai is the founder of Bulls on Wall Street, with over 20 years of trading experience. He’s trained thousands of traders to master not just the tools—but the mindset and strategy behind consistent profitability. His 60-Day Bootcamp is one of the most respected trading programs in the industry.

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