What's up, brothers and sisters? First off — Happy Memorial Day. Huge thank you to our service members for making this the greatest country on Earth. Now let's talk stocks.
On Friday, we had a textbook fakeout. Trump came in hot with a tariff jab at Europe, the market gapped down, and then buyers slammed the gas. By the opening tick, we were trending — up into the close. No hesitation, no chop — just strength.
We’re seeing buyers step in on every dip. That means we’re still in buy-the-dip mode... for now.
Heading into this week, we’re sitting near key technical levels. The SPY and QQQ are flirting with the 200-day moving average, and while we are a bit extended, we’ve got some serious heat in individual stocks. That’s what matters most.
Let's break down what I'm watching:
Lot of nuclear names on the news from Friday
- LTBR: 20M shares traded. Big breakout clearing multiple levels. Eyes on $17.
- NNE & LEU: Thin but strong nuclear momentum plays.
- OCLO: One of my top five money-makers all year. Strong volume, great intraday action.
- FCEL: A low-priced battery stock with a cleaner trend — not a typical pump-and-dump.
- SMART & NVST: Clean technicals, high liquidity. Great setups for the patient trader.
- CROWD: Flat top breakout in progress. Day trade setup — earnings coming soon.
- HIMS: Pulled back into the bone zone. Watching for remount of the 9 EMA.
- PALANTIR: Flagging tightly. Holding $120 is key. Breakout watch.
- LIFT & UBER: Picture-perfect swing setups forming. UBER’s 4-day pullback into the 20SMA is prime territory.
- RKLB: Still holding some lotto calls — breakout continuation in play.
In short: we’re in a FOMO-fueled market, and when that happens, we tighten up stops, get selective with entries, and trade with conviction when clean setups present themselves.
Don’t let the overbought readings fool you. Markets can stay frothy longer than you think. Play the tape in front of you and don’t overthink it.
See you all in the chat room tomorrow. Let’s do the Lord’s work and shred some charts.
Big Memorial Day Sale https://bullsonwallstreet.news/memorialDAY2025 big discounts on all our bundles!!
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About the Author:
Kunal Desai is the founder and CEO of Bulls on Wall Street. A veteran trader since 1999, Kunal has mentored over 7,000 traders worldwide. He live-streams daily from his trading turret and specializes in momentum trading, swing setups, and helping others master trading psychology.
