Stock Market Resting Before the Next Move? Top Trades for Tomorrow
Today was a healthy rest day in the markets the stock market resting most of the day. After three strong up days, we’re seeing some consolidation, which is exactly what we need to build up for the next breakout.
Market Overview
Top Stocks to Watch Tomorrow
Momentum & Breakout Plays
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Affirm (AFRM)
- Key Level: Watch for a breakout over $80.
- Trade Plan: Buy on a red-to-green move.
-
DraftKings (DKNG)
- Earnings breakout, followed by a rest day.
- Setup: If it pulls back toward support, look for a bounce.
-
Lemonade (LMND)
- Swing trade setup—building a strong base.
- Target: Looking for a move back toward $25-$30.
Palantir & AI Stocks (Watch for Bounces or Fades)
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Palantir (PLTR)
- Trump’s budget cut news hit it hard.
- Strategy:
- If it gaps down to $100, look for a quick bounce trade.
- If it gaps up, it may be a fade opportunity.
-
Super Micro (SMCI)
- Huge drop after a massive run-up.
- Trade Plan: If it gaps up tomorrow, look to fade it at resistance.
-
HIMS (HIMS)
- Strong trend, but extended.
- Setup: If it spikes into resistance, look for a short play.
Semiconductor & AI Stocks to Watch
-
Intel (INTC)
- Holding key support after today’s gap-down.
- Trade Plan: Look for a bounce if it holds support.
-
Micron (MU)
- Inside day—watch for a breakout above the 200-day moving average.
- Entry: Buy on strength over today’s high.
-
Nvidia (NVDA)
- Needs a small dip for a better entry.
- Target: If it pulls into the 50-day moving average, it could be a great long setup.
Pro Trading Tips for Tomorrow
- If PLTR gaps down, look for a bounce—if it gaps up, fade it.
- Semiconductors look strong—watch for breakouts in MU & INTC.
- Avoid chasing—many stocks are extended and could need a rest day.
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