Chop Ahead of CPI
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 11, 2025
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Market Action
QQQ – Constructive action after the gap down, overall a consolidation day below the key level. CPI tomorrow
Short Term Expectation based on the close is consolidation or higher.
Bulls want to see us build sideways or follow through up
Bears want to see a continued reversal down below the 21ema
IWM – Leaking below the 21ema from the inside day, 50sma curling down
Bulls want to see us pop higher above the 21ema
Bears want to see us reconfirm lower
IBIT- Resolved down from the tight inside day. Moving averages curling down
Bulls want to see us pop back through the MAs
Bears want to see us break below the key reversal low set a week agao
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
S&P 500
Heatmap from Deepvue
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. ALAB mostly flat
Leaders and Key Moves
NVDA Inside day above the 21ema. Below the 50sma.
TSLA Weaken and continuing to trend below MAs.
META Trending above the MAs. Good action off the open
RDDT push lower testing the 10ema, Earnings tomorrow Feb 12
PLTR Downside reversal
CRWD trending
ALAB tried to recover then reversed lower after earnings. Below all MAs
MSTR resolved down from the tight range.
HOOD similar action to rddt with also earnings tomorrow
TWLO another 10ema pullback
TEM tried to breakout but faded back into the range
Stocks Setting Up / Holding Up
VST tight at the 21ema. The gap is certainly a flaw here however. Watching for a push up. Lower volume during this range
AVGO watching for a break above the pivot
MIDD swing trade idea, watching for a break above the trendline
IDCC watching for a break from this flag
TWLO watching for a push off the 10ema
PINS watching for follow through up through the high and HVC
TTWO watching for a push from the post gap range but ideally tightens more
AFRM watching for a build out of a higher low above the base pivot
SNOW slight leak lower in the range but on light volume, watching for a break higher
TEM fade today but back in the range, watching for continued strong action. On guard for follow through lower. Ideally we get a gap below the range and recovery
APP on watch on earnings Feb 12
MNDY watching for continuation up from the inside day. HVE
UPST watching for gap and go move on earnings.
Themes and Leaders
Key Themes: Software, Cyber, AI, Semis
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RDDT CRWD HOOD
Market Thoughts & Focus
CPI in focus we’ll see how the market reacts. Still choppy with some leaders pulling into their 10emas.
Daily Focus on UPST TEM
Anything can happen, Day by Day – Managing risk along the way