Crypto Follows Through – Earnings Gap Ups

Market Action

QQQ – Nice outside day off the 10ema

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us follow through up and get out of this base
Bears want to see us reverse sharply lower

IWM – upside reversal off the 21ema

Trends (4/4 Up)

Shortest – 10 Day EMA –  Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
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

S&P 500

Deepvue Leaders Heatmap

Heatmap from Deepvue

Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right

Key Stocks in Deepvue

TSLA can watch for a spot to form here after earnings. Tight area, upside reversal, ideally 10ema catches up

NVDA tightening near highs. Upside reversal off 10ema

IBIT expansion up

META strong bar off 21ema area

WGS huge move after surprise profit. WFC, CVLT also big earnings movers

UPWK follow though up higher

SMTC outside day

PRCT follow through up, actionable straight off the open

RDDT gap up after earnings on huge volume. Earnings beat and surprise profits

DECK upside reversal

WVE still tight

VST likely makes a move tomorrow. Tight Action – Reports Nov 7

CEG same story as VST

NET not a bad spot if you like the company

TSM base pivot pullback

AVGO partnership announcemnt with OpenAI

UPST 21ema pullback, watching for follow through now

DUOL tight action below the flat base pivot

Market Thoughts

Crypto theme shines again. Lots of potential for volatility this week. So far earnings responses have been positive.

Day by Day – Managing risk along the way