Weekly Market Recap, Watchlist & Trade Highlights 07/14/25

Bitcoin breaks out to new all time high, software stocks pull back

Jul 13, 2025

Market Recap

Markets were relatively quiet this week, consolidating recent gains after a strong rally. SPY 0.00%↑ briefly notched a new all-time high on Thursday, but closed the week slightly lower as momentum cooled.

President Trump made multiple statements on trade policy, including a proposed 35% tariff on Canadian imports. The comments injected some uncertainty into markets, particularly for trade-sensitive sectors.
Nvidia (NVDA) continued its meteoric rise, becoming the first chipmaker to reach a $4 trillion market cap, further solidifying leadership in the AI boom.
The Q2 earnings season kicks off next week with major banks reporting, including JP Morgan, Wells Fargo, Citigroup, BlackRock and others.

Software stocks started to pull back late into the week, with the iShares Expanded Tech-Software ETF (IGV 0.00%↑) closing below its 20-day SMA for the first time since late April, reflecting a rotation out of the high-growth tech names that had led the rally
Meanwhile, the VanEck Semiconductor ETF (SMH 0.00%↑) held firm at all-time highs, with strength in names like NVDA 0.00%↑ and AVGO 0.00%↑ continuing to lead the market.

Bitcoin successfully broke out of the weekly consolidation range, surging to a new all-time high, one of the top ideas from last weeks watchlist. You can see some of the BTC related trades below, in the trade recaps section.

Watchlist

Historically, BTC breakouts tend to see multi-week follow-through, making crypto-related stocks a worthwhile watch in the coming weeks.

However, it’s important to note that crypto-related stocks do not move in a strict 1:1 correlation with BTC, similar to how commodity-linked stocks often diverge from the underlying asset. Therefore, price action and trend on individual equities must be evaluated independently.

IBIT 0.00%↑ (iShares Bitcoin Trust) remains the purest stock market proxy for BTC exposure, ideal for those seeking direct participation without managing crypto wallets or futures products.

MSTR 0.00%↑ started moving in tandem with BTC on July 9th, breaking above the $430 resistance level. This breakout suggests the beginning of a new uptrend, aligning with BTC’s technical breakout.

COIN 0.00%↑ made a new 52-week high above $382. The stock looks to be trending on the 10-day EMA.

HOOD 0.00%↑ continues to see some selling at the $100 mark.

SBET 0.00%↑ one of many crypto treasury stocks, holds a large amount of Ethereum and saw a strong rally last week on increasing volume.

Many other smallcap stocks related to crypto also saw large moves this week: ABVE 0.00%↑ ASST 0.00%↑ SQNS 0.00%↑ BTOG 0.00%↑ FTFT 0.00%↑ DFDV 0.00%↑

Drone stocks rallied on Friday after U.S. Defense Secretary Pete Hesgeth commented on fast tracking drone production:

UMAC 0.00%↑ broke out of the $10 area on strong volume.

RCAT 0.00%↑ strong volume but struggled at the $9 resistance area from earlier in June.

UAVS 0.00%↑ a microcap drone stock also approaching new daily highs.

CRWV 0.00%↑ saw a large selloff this week after details emerged of the all-stock deal in acquiring CORZ 0.00%↑. Technically it broke the key $150 level, making lower highs and lower lows after flipping below it’s 20-day EMA, which it had held above for several months. If the stock decline accelerates this week, there could be a potential bounce trade.