Weekly Watchlist 09/22/25

Fed rate cut leads to explosive speculative rally with quantum and nuclear stocks

Sep 21, 2025

Market Recap

The week started off with a bang after news on Monday morning that Elon Musk had purchased $1 billion worth of Tesla shares. Viewed as a strong vote of confidence from the CEO himself, TSLA 0.00%↑ extended its breakout move, gaining more than 8% in premarket trading. Although the stock retraced intraday, it still closed higher and finished the week with overall gains.

The major event came midweek with the FOMC meeting on Wednesday, where Jerome Powell delivered the widely expected 25 bps rate cut, alongside a dot plot projecting an additional 50 bps of cuts by year-end.

Markets initially pulled back on the announcement, but quickly reversed and closed higher for the week.

A standout chart is the IWM 0.00%↑ (Russell 2000 ETF), which closed at an all-time weekly high near the prior triple tops around 245. On the weekly chart, the price action resembles a large cup-and-handle pattern, suggesting potential for further upside.

Watchlist

Nuclear

OKLO 0.00%↑ was the standout momentum stock of the week, breaking all-time highs and closing up 60% on the week. The daily chart is entering parabolic territory, and further upside extensions could set up a potential reversal short trade. OKLL 0.00%↑ the 2x levered ETF, can serve as a trading vehicle for this setup.

SMR 0.00%↑ NNE 0.00%↑ LTBR 0.00%↑ also surged in sympathy with the move.

Quantum computing

RGTI 0.00%↑ ripped higher, making a huge move over the last three sessions. Any additional extension could present a compelling short trade opportunity. RGTX 0.00%↑, the 2x levered ETF can be a trade vehicle here.

Other quantum names followed with outsized moves: QBTS 0.00%↑ QUBT 0.00%↑ IONQ 0.00%↑ QMCO 0.00%↑ LAES 0.00%↑.

Breakouts

NBIS 0.00%↑ potential momentum breakout through the $100 level.

SOUN 0.00%↑ potential breakout from a cup-and-handle pattern.

AFRM 0.00%↑ after filling its earnings gap, looks ready to resume the uptrend.

TEM 0.00%↑ is nearing an all-time high breakout.

Autonomous Driving

PONY 0.00%↑ is approaching 52-week highs. WRD 0.00%↑ is another robotaxi play showing strength. LYFT 0.00%↑ announced a partnership with Google Waymo, boosting momentum.