Crypto Theme, Small Caps Propel The Market Higher

Market Action

QQQ – consolidating near the 10ema, not the best close

IWM – Small caps continue their strong push higher

Trends

Shortest – 10 Day EMA – Up – Above Rising
Short-term – 21 ema – Up – Above Rising
Intermediate term – 50 sma – Up – Above Rising
Longterm – 200 sma – Up – Above Rising

Groups/Sectors % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Crypto Theme, smaller caps strongest.

Key Stocks in Deepvue

NVDA weak close, still basing here.

HIMS pushing higher

TSLA not a great close. Keep an eye on it as it consolidates the breakout move

MARA looks to start a move up the right side of the base

NVAX from contraction comes expansion – Use RMV

HOOD continuation breakout

RDDT downside reversal, having trouble with this level

CRDO Reconfirmation

AI has potential

CAVA forming a range at the 50. Don’t like the look of the failed breakout. We’ll see if it can recover or reconfirms lower

LNTH tight after power move up, has room to consolidate more

S reconfirming higher. CRWD PANW also constructive. CRWD the liquid leader

Market Thoughts

Crypto theme ignited today. Watch that if not participating already. Small caps acting well.