The Market Rallies Before the Election – PLTR and ALAB Gap Up

Market Action

QQQ – Reclaim of the 21ema ahead of the election, still the results, the fed and earnings to impact things. See how we close the week

Action surprisingly strong today, we’ll see how things resolve after the dust settles.

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us follow through up higher
Bears want to see us reverse down sharply

IWM – strong bar up

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

Deepvue Leaders Heatmap

Heatmap from Deepvue

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

Key Stocks in Deepvue

NVDA continuation up

TSLA pop higher

META good action but below the 21

ALAB very strong gap and continuation from the open after beating on earnings- highest volume ever

PLTR breakout to all time high

RDDT strong action

GEV reconfirming

AMSC semi performance enhancer, double inside

UPWK reconfirming, good action since HV1

VRT strong reclaim of the 21ema

GRMN move from flag

VST follow through up, still below declining 21

GDS reclaim of the 21ema

DUOL pushing out of tight consolidation ahead of earnings

RBRK flag in 10ema

SE tightening at the 21ema

RBLX flagging post gap

LMND flag post gap, big weekly level, less liquid

FOUR tightening below the 21ema

DOCS tight under the 21ema

COHR similar

TVTX tight – Spec Bio

WVE tight again

Market Thoughts

Really liked the action today but a lot can change quickly this week. See how things resolve

Day by Day – Managing risk along the way