Pullback to End a Strong Week
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 25, 2025
Market Action
QQQ – Downside reversal to end a constructive week. Overall we had a strong move up and have now started forming a range sideways
Short Term Expectation based on the close is consolidation or lower.
Bulls want to see build sideways and follow through up, or a sharp fill of the gap and close back in the range
Bears want to see us follow through lower
IWM – fade off highs and no real follow through up after the thursday reversal. Still in this range below the 50sma
Bulls want to see us continue higher through the 50 or flag out constructively
Bears want to see us follow through lower
IBIT- Gap up but then a fade off of the highs. Still in this range below all time highs
Bulls want to see us build out sideways here then follow through up breaking out of the base
Bears want to see us follow through lower
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Deepvue Special Offer – 2 Months for only $39
Try out the best platform for CANSLIM Swing and Position Traders – Top Trader Screens, Unique Indicators – Streamlined Routines
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
Post Market Action
Leaders and Key Moves
NVDA downside reversal, could be an important short term momentum change
TSLA still pulling back before earnings
RDDT still tight at the pivot but another fade off highs, watching out for follow through down
GEV broke yesterday’s low, was extended so some pullback expected, looking for a controlled and orderly pause instead of a rapid break lower.
PLTR fade at the pivot, watching for a range to form above the 21ema
ALAB disappointed about this one, no follow through up and instead a reversal of most of the powerful upside move
MSTR negative break of multiple lows and the 21ema. needs to firm up or at risk of starting a downcycle
TWLO strong gap up on large volume. Decent close amid the market action. Watching how this acts early next week for a potential entry and as a gauge of risk appetite
BE great action from the tight range at the 50 day and oops reversal thursday
Stocks Setting Up / Holding Up
PRMB swing trade idea, watching for push through the range
APP tight day friday, watching for a push up from this pivot
RBRK watching for push off the pivot retest
EQT swing trade idea, watching for mini base breakout
RDDT watching for push off the pivot
CRNC speculative swing trade idea through the pivot
SNOW watching for push through the pivot
NFLX watching for push higher, ideally sets more of a range post gap
TSLA watching for positive expectation breaker monday, otherwise earnings this week. Not much time to build a cushion
BROS swing trade idea, watching for push from the tight inside day
PLTR watching for positive expectation breaker, or a range to build here, or a sharp upside reversal
TEM watching for a range to build out here, big volume off base lows
COIN watching for positive expectation breaker, or undercut and rally of the range
IBIT friday was very negative but watching for positive expectation breaker. IBIT still looks good
HSAI watching for high tight flag breakout
GLBE watching for push from tight day
Themes and Leaders
Key Themes: Software, AI, Semis. Crypto, Energy. Space
These names have the top RS, growth stories
TSLA GEV RDDT ALAB VST MSTR COIN NVDA HOOD VRT
Market Thoughts & Focus
Pullback friday so we will have ot see if that follows through monday, Overall good action after a strong move up.
Daily Focus will be on COIN MSTR ALAB
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
-
-
-
Reclaim of the Level to End the Week. Space Theme in Focus
December 19, 202514 min read -