Tesla Gap Up on Earnings
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 29, 2025
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Market Action
QQQ – Constructive inside day with a good close off the lows. Good to see ranges tightening up a bit.
Short Term Expectation based on the close is consolidation or higher.
Bulls want to see build sideways or a strong rally up
Bears want to see us break lower through today’s low
IWM – tight closes above the 21ema and below the 50sma
Bulls want to see us push higher from this range and through the 50
Bears want to see us follow through lower breaking the 21
IBIT- good action, back above the MAs
Bulls want to see us build out sideways and/or rally higher
Bears want to see us follow through lower breaking the 21 ema
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
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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 – Software standing out
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 – TSLA set to gap up slightly
Leaders and Key Moves
NVDA fighting to hold the 50 sma, decent close off of lows.
TSLA slight miss on EPS and sales but it’s all about future expectations with AI driving and robotics. Set to gap to the 21ema
RDDT more follow through but noticing there is not much volume on the breakout.
GEV Fade off highs, potential higher low if it follows through down
PLTR lovely tight day below the base pivot, watching for follow through/ EPS Feb 3
ALAB no follow through down yet.
MSTR tightening here
TWLO inside day, watching for follow through up or the start of a post gap range
CRWD inside day pulling back to the prior all time high
Stocks Setting Up / Holding Up
SN tight below the base pivot
NTRA biotech, double inside days, this one can trend
RKLB sitting on the base pivot, watching for a push higher
TOST watching for a push up the right side from the inside day.
UPST swing trade idea, watching for follow through above today’s high
SOFI no follow through lower after the earnings gap down, watching for a push up from this range on the 21ema
HIMS choppy trader but watching for a push up from this range
GWRE inside day
NFLX watching for continuation up
TEM fade but still in this range, watching for a push higher. EPS Feb 3
PLTR watching for breakout
LMND watching for a pop from the range and inside day
APP watching for a push higher through the pivot
ASAN watching for a push through the pivot
SHOP watching for continuation higher, ideally builds a handle up here
RBRK watching for a breakout
TSLA watching for gap and go after earnings
Themes and Leaders
Key Themes: Software is now the key one. Cybersecurity within that. Payments look decent
Strongest names in software – let me know if I’m missing any: SNOW SHOP GTLB ESTC NET CRWD ASAN PLTR TWLO APP
These names have the top RS, growth stories
RDDT ONON CRWD TSLA
Market Thoughts & Focus
Some consolidation today and good action. Watching to see how TSLA earnings resolve as a risk appetite gauge.
Daily Focus TSLA RBRK RKLB UPST
Anything can happen, Day by Day – Managing risk along the way