Strong Action After the Gap Down – UPST CFLT Break Out
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 12, 2025
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Market Action
QQQ – Great action after the gap down with a good close, setting up for potential break out move tomorrow if we can follow through
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 reversal back lower
IWM – Weaker below the MAs but decent action off the opening gap down
Bulls want to see us follow through up
Bears want to see us reconfirm lower
IBIT- good action off the open but remains suspect below the MAs
Bulls want to see us pop back through the MAs
Bears want to see us follow through lower and undercut today’s low and the range (basically break out to the downside)
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. APP BROS HOOD up. RDDT TTD down
Leaders and Key Moves
NVDA has the potential to set a higher low here
TSLA No follow through lower. Until it is broken yesterday’s low is the potential low of the base. Now on watch for a higher low. lot of pessimism with this name
META Grinding higher
RDDT gapping down to the prior base pivot
PLTR Strong oops reversal and back to the top of this range, watching for follow through
CRWD grinding higher
UPST strong earnings gap
CFLT strong earnings gap and base breakout
HOOD Gapping up on earnings. Watching for a gap and go
TWLO strong oops reversal watching for follow through. EPS tomorrow although they pre-announced.
TEM strong action off the open, watching for follow through and the breakout
Stocks Setting Up / Holding Up
AVGO chips are not a leading theme currently but like the look of this. Watching for a range breakout
MIDD watching for follow through through today’s high. Swing trade idea
NET Swing trade idea, watching for a break of this short flag
INOD fast mover, watching for a breakout
MNDY watching for a reclaim of the base pivot
PINS watching for a break above the inside day high and this flag
ESTC actionable today on the oops reversal, watching for follow through and base breakout
MGNI actionable on oops reversal today, watching for follow through above the short pivot for a swing trade pivot
AFRM watching for base pivot pullback or flag breakout
DOCS watching for post gap u turn
DAVE watching for follow through
APP watching for EPS gap and go, this is a later gap so swing trade mindset
SNOW watching for follow through up, actionable on oops reversal
UPST watching for follow through up or post gap range
BROS watching for earnings gap and go
RBRK actionable on oops reversal today at the 21ema, watching for follow through
Themes and Leaders
Key Themes: Software, Cyber, AI, Semis
Strongest names in software – PLTR SNOW SHOP GTLB ESTC NET CRWD ASAN PLTR TWLO APP
These names have the top RS, growth stories
RDDT CRWD HOOD
Recent Gaps and Earnings Moves
Day 1 Tomorrow: APP BROS HOOD
Day 2: UPST CFLT
Day 3 and Later: MNDY PINS DOCS AFRM NET TWLO
Market Thoughts & Focus
Like the action today, but we need to see follow through and a transition from chop to trending
Daily Focus on BROS UPST CFLT SNOW
Anything can happen, Day by Day – Managing risk along the way