Drift Higher ahead of CPI – Stocks to Watch

Market Action

QQQ – Up from the inside bar and testing the AVWAP. We’ll see if we can take out the high from the latest large bar down.

We remain below the 21ema

IWM – upside reversal. See if it can follow through up

Trends (1/4 Up)

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

Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA forming a range here, decent close. Ideally there’s a inside day before trying to push through the range high. Still below a declining 21ema

PLTR consolidation day, good close

CAVA can watch those two highs now

IOT following through up

CART consolidation day. Dash also looks interesting

ONON pullback to the 21ema

APP similar, tight on the 21

RARE flagging

VNO Reit

KVYO forming a range

Market Thoughts

CPI news event tomorrow so we will see how the market reacts.

Day by Day – Managing risk along the way