Crypto Reverses Hard – Time for a Pullback?

Market Action

QQQ – Flagging sideways, feels constructive after the breakout. See which way we break from this range

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 – follow through down

IBIT we were stretched, negative close – see if we pullback/flag out here

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

Starting Now – The Deepvue Black Friday Sale – Save $100

We started our Black Friday Sale for Deepvue early – You can save $100 off an annual subscription

• Top Trader Preset Screens and Data Panels. for quick idea generation
• Innovative and actionable indicators such Relative Measured Volatility and Relative Measured Extension
• Customizable Layouts and Dashboards including innovative Bubble Charts, Heatmaps, Risk Calculators and more
• Responsive support team
• Dozens of Tutorial Videos and Regular Webinars

“Amazing platform that is getting even better everyday. A massive amount of data available for stocks and excellent screening tools. The team is very responsive and keeps on improving. Cancelled my other platform subscriptions and only uses Deepvue now.”

Piet, Deepvue Annual Founder

You can join thousands of traders and sign up below – The Black Friday Deal is our best ever

Groups/Sectors – % Change

Daily Performance on the Left – 20 day Performance on the right

MSOS standout – IBLC pull back

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 flagging above the 10ema but weak close

TSLA building sideways

META some follow through lower – at the 21ema

SHOP very strong day 2 action

CAVA sold off on earnings – expect more weakness or consolidation

COIN and crypto names sold off today – watching how they act against short term MAs. Think they are actionable at the next low risk setup/higher low

MSTR downside reversal on heavy volume

RKLB earning gap but fade

TWLO extended but persistent buying through the big weekly level, can watch for another spot to form

NTRA big gap, new highs. Biotech a theme today

APP tight – likely pushes one way or another tomorrow

BROS one to watch post gap

ALAB one to watch, two tight days above the 10ema post gap

HOOD has not yet filled the recent gap, if it does that lines up with the 10ema and could be a spot to manage risk against

COHR pulling into the 10ema

TEM flagging near highs, still volatile but huge volume

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 RKLB

Market Thoughts

Crypto leading group pulling back – weakness in semis – some uild out sideways would do the market some good – see if we correct in time or by price

Day by Day – Managing risk along the way