NVDA, NFLX Breakout – Watching for Follow Through

Market Action

QQQ – still tight, undercut and rally above the prior tight day

Short Term Expectation based on the close is Higher or consolidation

Bulls want to see this break out to the upside with a statement bar on big volume.
Bears want to see us break lower and close negatively.

IWM – flagging, good action off lows

Trends (4/4 Up)

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

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Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA strong push up, not huge volume. See if we get follow through.

In Deepvue we just released the feature today to see Sector, Industry Group, Sub Industry Ranks over different periods. 1 Day to 12 Month.

Semis were #3 today

NFLX Breakout

TSLA continuing higher

BILI JD and many chinese names pushing

AAOI small cap name strong breakout

U strong move off the bottom. 200 day above

FCX and miners strong moves today

SLV big move

TSM push from tight area

RDDT upside reversal

IBIT Outside Day

HUT and many crypto names (most low quality) pushing off lows

COIN tight range under the 21ema

MELI tight at the 10 day

ORCL tight day

RH still in this range

TOST upside reversal, ideally puts in more of a handle

NVAX still near the pivot

CEG 15 min chart. Forming a range near the HVC. NNE also looks interested

AFRM upside reversal

Market Thoughts

Good push from NVDA and like the look of the QQQ upside reversal. Need follow through now

Day by Day – Managing risk along the way