Volatile markets and technical momentum shifts

What happened: Goldman Sachs' Lee Coppersmith warned clients that markets are carrying more length and leverage, signaling potential increased volatility. Meanwhile, volatile markets led to a shift in technical momentum for stocks like Fortinet, Amprius Technologies, and AppLovin, as highlighted by a neutral stance from analysts. TotalEnergies (TTE) benefited from volatile energy prices in Q1 2026, as noted by Antipodes Partners' investor letter.

Market impact: The increased volatility, driven by higher leverage and length, affects the broader market, particularly tech stocks with fading momentum. Energy stocks like TTE may see continued price fluctuations due to volatile energy prices. Volatile markets make it challenging for investors to decide on a course of action, emphasizing the importance of technical analysis.

What to watch next: Fortinet, Amprius Technologies, and AppLovin's upcoming earnings reports (Q2 2026) will provide clarity on their momentum shifts. TotalEnergies' (TTE) Q2 2026 earnings will indicate if the company can sustain its performance amidst volatile energy prices. Additionally, investors should monitor overall market volatility and leverage levels, as indicated by Goldman Sachs' Coppersmith.