The Tarriff Fade ends a Choppy Week & Month
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 31, 2025
Market Action
QQQ – Large negative reversal bar to end the week
Short Term Expectation based on the close is consolidation or lower. Watching for it to hold the MAs
Bulls want to see build sideways or a strong rally up
Bears want to see us follow through lower through the 21ema
IWM – downside reversal and rejected at the 50 again
Bulls want to see us hold here and reset
Bears want to see us follow through lower breaking the 21
IBIT- break lower back to the 21ema
Bulls want to see us hold here and set up another range
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, not much of interest
Leaders and Key Moves
NVDA still fighting at the 200day, negative downside reversal. MAs pushing sharply down
TSLA Fade off of highs after looking like it was following through. Back under the 21ema
RDDT acting well, inside day
GEV inside day but negative close, this theme still need to heal its charts
PLTR fade off of highs and earnings upcoming.
ALAB holding those ipo highs but below the MAs
COIN back below the pivot, watching for it to tighten
TWLO downside reversal, watching for 10ema test
CRWD fade but staying tight near these highs
Stocks Setting Up / Holding Up
NFLX watching for a push from the inside day
VSCO base low likely in until proven otherwise. Watching for higher low or push from this range through the 21ema
RDDT watching for 10ema pullback
CRWD watching for reconfirmation higher or 10ema pullback
ASAN watching for a push from this range or MA pullback
RBRK watching for breakout or MA pullback
RKLB watching for push off the 21ema and this range
MGNI fast mover, watching for push from this range
SOFI watching for the re-breakout if it can hold here
TEM watching for earnings move
SHOP watching for base pivot respect
COIN watching for additional tightening or upside reversal off the 21ema area
PLTR watching for earnings reaction, later in the move
SNOW watching for tightness or upside reversal on the base pivot
TSLA watching for 21ema reclaim
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 HOOD COIN
Market Thoughts & Focus
Reversal action today after Tariff noise. Still a very choppy environment.
Anything can happen, Day by Day – Managing risk along the way
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