TSLA Gap Lower – Gap up and volatile start to 2025.
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 2, 2025
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Market Action
QQQ – Volatile start to the year. Gap up, fade, rally, reverse down, slow grind. We are below a declining 21ema
Short Term Expectation based on the close is consolidation or lower.
Bulls want to see us reverse up sharply or build a range at the 50sma
Bears want to see us follow through lower below the 50sma
IWM – gap up and fade. still in this range
Bulls want to see us follow through up
Bears want to see us undercut the monday low
IBIT- stronger, poking it’s head above the 21
Bulls want to see us follow through up or build sideways above the 21
Bears want to see us follow through lower and undercut monday’s low
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Down Below declining
Short-term – 21 ema – Down Below declining
Intermediate term – 50 sma -Up Above Rising
Longterm – 200 sma – Up – Above Rising
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Groups/Sectors
Performance Today from open on the Left, Performance over the past 20 days on the right.
Performance Charts from Deepvue
Deepvue Leaders Heatmap
S&P 500
Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right. This is now a preset for Deepvue Members
Leaders and Key Moves
NVDA positive expectation breaker, good close above the 21ema, watching for follow through
ALAB Good action off the 21
PLTR another reversal at the 21ema, looks constructive if it holds above today’s low
TSLA Gap lower and poor action on delivery numbers. Bulls want to see that filled quickly or this likely needs more time
RDDT undercut and rally of the range today at the 21, looking for follow through up tomorrow
GEV volatile but push higher. ideally sets up tight again before base breakout
Stocks Setting Up
AVGO gap then eventual close lower today. range at the 10ema watching for push higher
PSTG range at the 21ema post gap up the right side of the base, this can move.
RDDT watching for push higher through highs
GOOG 21ema pullback. watching for push through today’s high
DECK range at the 21
AI tight action on low volume watching for push higher
SMTC tight 21ema, good look if semis lead again
QMCO swing trade name, tight on the 10ema again. volatile name
RVLV upside reversal below the 21ema, watching for follow through
SQ at 50 day and no follow through lower, watching for key level reclaim
UPWK range at the 21
ROOT still in this range
RBLX outside day at the 21, watching for follow through up
COIN no follow through lower and in this range
CRDO actionable today, watching for follow through up
RKLB upside reversal at the 21, watching for follow through up
RBRK upside reversal at the 21ema
CRNC spec but base after HVE. watching for push higher
Themes and Leaders
Key Themes: Software, AI, Semis. Semis showing some RS
Liquid Leaders
These names have the top RS, growth stories
TSLA PLTR RDDT ALAB APP GEV
Performance Enhancers
SOUN QMCO RGTI RUM
Market Thoughts & Focus
Funny start to the year but decent action, again many names have now formed key lows which can be managed risk against, lots of ranges against the 21.
Daily Focus is on RBRK RDDT AVGO
Anything can happen, Day by Day – Managing risk along the way
I hope everyone had a new years!