Tesla Mixed EPS Reaction
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 30, 2025
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Market Action
QQQ – good upside reversal action as we grind higher. Above the 21ema. Viewing this more as a base on base
Short Term Expectation based on the close is consolidation or higher. Would like a flag out sideways then strong push through the gap
Bulls want to see build sideways or a strong rally up
Bears want to see us break lower through the 21ema
IWM – slight push up, still boxed in by the 50 day
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- Fade off highs, ideally forms a tight contraction here and then breaks ip
Bulls want to see us build out sideways and/or rally higher
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
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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
Leaders and Key Moves
NVDA still fighting at the 50day, strong close
TSLA gap up, reversal down, then decent close, direction unclear, still basing. Watching for 21ema reclaim
RDDT pausing after the breakout
GEV strong since the gap down, still the chart needs some time to heal. VST as well
PLTR slight push, likely waiting for earnings Feb 3
ALAB good action reclaiming the IPO high. Still needs to start forming higher lows
COIN above the pivot. MSTR weaker
TWLO grinding higher
CRWD inside days at the ATH
Stocks Setting Up / Holding Up
BILL tight below the base pivot, ideally contracts once more
CRNC swing trade spec idea, watching for push from these highs
CRWD watching for reconfirmation higher
RBRK watching for breakout, ideally pauses or contracts once more
PLTR breakout watch, ideally contracts ahead of Feb 3 earnings
NFLX watching for push up
RKLB watching for push off the 21ema and this range
HUBS watching for reconfirmation from this inside day
SOFI watching for the breakout
ASAN watching for push higher
SKYW watching for gap and go
TSLA watching for follow through up and 21ema reclaim
SNOW watching for follow through up
Themes and Leaders
Key Themes: Software, Cyber, AI, Semis
Strongest names in software – 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
Good action today with many stocks pausing. Looking for a strong end of the week. TSLA focus if it pushes from here
Daily Focus TSLA RBRK SNOW SKYW
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