SpaceX IPO is the biggest market event of the year — ride the space stock wave
Thesis
The SpaceX IPO is generating massive mainstream attention and pulling billions of dollars into the space sector. When a single company dominates headlines like this, it often lifts the entire industry as everyday investors look for other ways to buy into the trend. This 'halo effect' has already started pushing other space and satellite stocks higher, and the IPO hasn't even officially priced yet. With heavy institutional backing from firms like BlackRock, the excitement should continue to drive money into alternative space and defense stocks as people try to ride the wave.
Strategy approach
Build a long momentum strategy for space and defense related ETFs, specifically ITA and UAVS, on the 4-hour (H4) timeframe. Enter a long position when RSI(14) crosses above 60 and the MACD line crosses above the signal line. Exit the position if the price closes below the 20-day simple moving average, or use a 5% trailing stop.