The Market and Crypto are Coiled

Market Action

QQQ – Flagging sideways, good upside reversal action. Feels constructive after the breakout

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us flag out and then reconfirm higher
Bears want to see us reverse down sharply with a negative bar undercutting recent lows

IWM – weaker, negative bar, want to see this hold and build here letting the MAs catch up

IBIT great follow through, getting a bit short term stretched – odds of a flag out increasing

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 good action, stronger than most semis, holding the 10ema

TSLA reversed down and filled the gap, watching to see it build sideways. would love a flag, supported by the 10ema

META fade

SHOP big gap on huge volume HV1 – another gap to watch for an entry tactic

MARA strong day 2 action – inside day, can watch for follow through

MSTR powerful

COIN inside day

AFRM tight day

SE also gapped but negative close, see if it can form a range

HIMS inside day above the base pivot

SQ big volume and powerful as it appraoches big weekly level

CCJ push through the 21ema

UPST gap down but supported off gap low area

TOST push from inside day post gap

FRSH flagging out here

LEU stubby base – would like this to mature more

APP forming a HTF under 300 – ideally builds out more

AAOi spirit of inside day after the power move

PRCT still in this range

LYFT inside day – but the fundamental growth is not really there

RDDT bit of follow through down – see if it can build a range and continue to hold 10ema

PODD inside day

AXOn inside but not best close

MDGL spec bio upside reversal

DOCS forming a range

ALAB upside reversal off the 10ema area, want to see this firm up

Recent Earnings gaps and powerful moves

These names are good to watch for pullback spots

AAOI APP AXON BROS COIN GEO IONQ UPST TEM BILL DOCS FRSH LUMN ALAB PLTR SOUN LYFT TSLA HOOD POWL Z AX AMSC LUNR PLNT TOST CRDO COHR RDDT RKLB TRMB VST WVE CEIX LMND MSTR SOFI VRT FTNT MCK DFS MLI CADE HIMS MARA HUT ROOT CRS FHN HQY PODD UPWK GEV OKLO NTNX DOCU FN DUOL GDS FOUR SHOP

Market Thoughts

Weakness in IWM but overall things holding up decently – we’ll see what the rest of the week brings, would not mind some more sideways action

Day by Day – Managing risk along the way