Here’s your trade on $NASA…$LUNR and $LPTH – May 11, 2026

by MarketMentor

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Read the transcript HERE

Key Takeaways

  • SpaceX as a Value Driver: Ownership of private assets like SpaceX within a public ETF (NASA) provides a unique valuation floor and massive upside potential that other “satellite-only” funds lack.

  • The Three-Phase Breakout: Most sustainable moves follow a specific cycle:

    • Phase 1: The initial vertical “squirt” out of a base.

    • Phase 2: A shallow pullback to test prior resistance as support.

    • Phase 3: The secondary, often more powerful, trend continuation.

  • Shakeout Recognition: Massive volume on a down day (as seen in $LPTH) followed by an immediate reversal back above key moving averages is a primary signal of institutional “cleaning out” of weak hands.

  • mitigating Volatility with Size: In high-beta sectors like space, “looser” stops are often required technically. To keep your dollar-risk constant, you must scale down your share count.

  • Respect the “Gods of Wall Street”: When a stock reaches an ungodly profit level in a single day, the professional move is to exit or trim aggressively. “Placeholder” positions are for ego; “profit-taking” is for your bank account.

To the Moon—Why the SpaceX ETF Changes the Game

The Final Frontier of Investing

For years, the “Space Trade” was synonymous with speculative aerospace contractors. But today, the narrative changed. Dan Fitzpatrick highlighted the NASA ETF, a brand new fund that holds a “secret weapon”: direct exposure to SpaceX. In a sector where technical patterns are starting to uncoil like a spring, owning the low-cost basis of Elon Musk’s primary engine provides a level of institutional gravity we haven’t seen in this space before.

Reading the “Institutional Shakeout”

One of the “pearls” from today’s session was the analysis of LightPath ($LPTH). We saw a massive “dump” on Friday that would have scared the average retail trader into selling. But look at the volume and the immediate recovery. At Stock Market Mentor, we recognize this for what it is: a classic institutional shakeout. By washing out the weak hands, the stock has cleared the path for a low-risk entry above its 50-day moving average.

Riding the Lightning—Phase by Phase

Whether it’s Rocket Lab ($RKLB) or Luminar ($LAZR), the rules of the road remain the same. We don’t buy the peak of a “face-ripper.” We play the phases. If a stock is in Phase 1 (the initial breakout), we look to lock in those ungodly gains early. We then wait for Phase 2—the pullbacks that “rest” the stock without breaking the trend. As long as $RKLB holds its $90 floor, the “three-phase” journey is still in effect.

Don’t Miss the Countdown

The space sector is currently one of the few places on the tape showing “Momo” (momentum) that isn’t tied exclusively to the typical semiconductor generals. With higher highs, rising volume buzz, and direct private equity links, the countdown for the NASA ETF has officially begun.

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