RKLB Hight Tight Flag Breakout! Small Caps Push Higher

Market Action

QQQ – Nice action, upside reversal after respecting the 21ema area.

Short Term Expectation based on the close is consolidation

Bulls want to see us continue to build out and respect the 21ema and today’s lows, or snapback higher
Bears want to see us follow through down undercutting the 21ema

IWM – strong push since the 21ema recovery. New closing highs

Trends (4/4 Up)

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

Powered by the Leif Soreide Hight Tight Flag Masterclass

We are hosting a High Tight Flag Masterclass with Leif next month. Leif will be sharing his full process for Identifying, entering, and exiting these high potential setups, which can dramatically improve your performance.

You can register using the button below. Live spots are limited!

Groups/Sectors – % Change

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

Performance Charts from Deepvue

Deepvue Leaders Heatmap

Heatmap from Deepvue

Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month

Key Stocks in Deepvue

NVDA good response, still respecting that level and good close after a slight gap up. Inside day. Semis as a whole still mixed

IBIT tight day at key level

CCJ gap and go

MP similar

COIN continuation up, good volume coming in, above the 200 day now

CEG continuation up from tight flag, VST similar

UAL and airline have made some powerful moves recently. Low risk areas are close to the 10 ema. Now it has expanded

ALAB forming a consolidation at this key level

PEGA this is part of a larger base since feb

ONON see if we can reclaim the 21ema

KNSL this insurance name can make some nice runs

SATS still tight

SMTC semi swing trade type name

HOOD forming a range here but a bit far from MAs

SG upside reversal

RBRK forming a handle

EXAS bio but can make nice moves

CRWD can watch for 200sma reclaim

UBER can watch for u turn

CAVA watching for follow through

MELI forming a base here right near all time highs

CEIX this is a choppy trade but it can trend, this is the right side of a larger base going back to last oct

MSTR 10 ema pullback

RDDT new closing highs

RKLB high tight flag breakout

ASTS rocket base wedge pop – note RMV5 yesterday

DUOL still tight. Inside day

TEM inside day good action. watching for wedge pop through the 21ema

Market Thoughts

Like the NVDA action, semis still meh. But other areas and names working.

Day by Day – Managing risk along the way