If You Missed SpaceX or AMD. This is Even Bigger
Summary
Chris opens by highlighting the market's negative reaction to the new Fed chair, Kevin Walsh, noting a significant tanking. He advises investors to observe how the market responds to influential voices. While acknowledging the downturn, Chris views it as a necessary cool-off for the market. He anticipates renewed positive momentum and positions viewers for potential gains by recommending two specific stocks in the space sector, presented as alternatives to high-flying companies like SpaceX. He also provides general advice on market discipline, stressing the importance of protecting profits, cutting losses, and avoiding the temptation to chase every hyped stock. Chris suggests using down periods for accumulation and emphasizes waiting for clear setups, stating that "the real win sometimes in trading is the trade you don't take." He also briefly highlights the features of the Moomoo app, which sponsors the video, particularly its utility for market overview, news, and earnings reports, using Nvidia's strong upcoming earnings as an example.
Mentioned Stocks
Reasoning: Chris recommends RKLB, currently priced around $107.98, as another space-sector play for investors who want to avoid chasing high-flying stocks. Similar to AST, he highlights its great technical setup, indicating it is poised for a significant take-off once positive buying sentiment returns to the broader market. He advises using current market conditions to accumulate shares.
Reasoning: Chris views AST as an affordable "lateral play" to SpaceX with great upside potential, currently trading around $85.43. He identifies a buy zone between $75 and $85, noting its strong technical setup for a breakout. However, he cautions that this potential is contingent on positive market momentum returning. If market sentiment remains negative, he warns it could drop further, possibly to $70.