The Market Holds the Line

Market Action

QQQ – Inside day and held the 21ema

Short Term Expectation based on the close is consolidation – Upwards leaning

Bulls want to see a push off the 21ema
Bears want to see us follow through lower and break the 21ema and today’s low

IWM – a bit weaker but similar action

Trends (3/4 Up)

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

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Groups/Sectors – % Change

From yesterday’s close on the left, from today’s open on the righ

Performance Charts from Deepvue

Deepvue Leaders Heatmap

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA held the AVWAP and closed above the 21ema

RDDT nice move

VRT push from tight area

SG upside reversal

TSLA good action off the 21ema after deliveries news

SPHR push up right side after tight area just above MAs

VST follow through

PLTR slight push but still in range

Z orderly pullback to 21ema area

CAVA upside reversal near confluence of areas

DASH pulling into the 10 of the base

EME 10 ema

BLDR 10 ema

BNTX upside reversal at pivot. Swing trade type name

CEG tight day below highs

KNF 10 ema

GGAL tight day just below the 21

VITL still building up right side

ONON 21ema pullback

HIMS inside day

ALAB upside reversal

TEM 50 sma respect again

Market Thoughts

Good action today. Still names pulling into 10, 21 emas

Day by Day – Managing risk along the way