11/11/2024

The week after election

Nov 11, 2024

Strong move in the market after election results last week. IWM 5% gap biggest since 2020 election and notably held the gap last 2 days. As of Sunday night futures are rising and Bitcoin reached 81,000 over the weekend.

Colors for above lines in chart:

Green line 10 EMA
Blue line 20 EMA
Yellow line 50 SMA
Red line 200 SMA

There are far too many stocks moving to watch or catch them all. To narrow down focus I’ve mostly listed stocks that move 4%+ ADR (average daily range)

Crypto Sector

With BTC at all time highs the related stocks will all have strong momentum

BTBT holds Ethereum and ETH played catchup over the last few days

MSTR leverages BTC, continued momentum

COIN HOOD crypto brokers rallying as BTC at all time high should be good for trading activity in the next couple quarters, along with more favourable regulation under Trump regime

CORZ WULF IREN HIVE RIOT MARA CIFR HUT miner stocks all likely to have continued momentum

Many of these miners have lengthy bases that could lead to a sustained move to the upside

Recent earnings movers

INOD reported strong numbers and shook off two short reports taht were released on Friday morning

UPST huge earnings move on Friday

PLTR is extending higher after earnings and a multi month rally

IONQ two days of huge range after earnings. On watch for eventual exhaustion and reversal. QBTS RGTI sympathy names

TOST more of a swing stock but may offer something on D2

SQ recovered earnings drop and closed strong. Gets a boost from BTC strength

AFRM also recovered much of the earnings drop

APP strong nubmbers & large move post earnings

AAOI strong move off earnings

Trump related

TSLA monster breakout over 300 on Friday, over 2023 highs, triggering a major trend change on larger timeframes. On permawatch and should offer plenty of opportunities