Downside Reversal

Market Action

QQQ – Gap up after TSM earnings, then negative close

Short Term Expectation based on the close is lower

Bulls want to see us hold and build out a handle
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

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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 gap but not a good close, feels like it needs more time

IBIT fade

TSM gap up but fade

LEU expansion up, can watch for flag

CART flagging

MSTR 10ema

RBRK fade

CAVA tight

SATS tight

ZIM range above the 21ema

DUOL fade, still tight, would like an undercut and rally of the recent range

ASTS good action

TEM tightening

Market Thoughts

Downside reversals to take note. see how we act tomorrow. Tapping the breaks

Day by Day – Managing risk along the way