Growth Stocks Rally
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
March 24, 2025
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Market Action
QQQ – We got follow through up for the first time in this correction. Gap up with a strong close as we test the 21ema. Growth names also showed strong action with many gaps and pushes through moving averages from ranges. The 50 sma still looms above and expecting choppy volatility.
The short term expectation based on today’s close and recent action is consolidation or higher. Continuing to expect volatility. If we continue to rally through the 21ema the 50sma will be an area to watch for resistance
Bulls want to see us follow through strongly higher with growth names continue to develop bases. The gap low should be defended
Bears want to see us reverse lower and penetrate the gap area
Daily Chart of the QQQ:
IWM – Reclaim of the 21ema
IBIT- Gap higher after the tight day on the pivot. Watching for a hold above the 21ema on a closing basis
Trends (1/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Just Below declining
Intermediate term – 50 sma – Below declining
Longterm – 200 sma – Up – Below Increasing
Groups/Sectors
Performance Today from open on the Left, Performance over the past 20 days on the right.
Performance Charts from Deepvue
We also just added a prebuilt Theme Tracker. Same format, % Change from open on the left, monthly performance on the right
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 a preset for Deepvue Members
Leaders and Key Moves
Important Note: Many of these “leaders” are leading to the downside. Still they provide a good gauge of market environment. As new leaders reveal themselves I will curate this list.
NVDA Pop through the pivot and above the 21ema, Needs to hold this pivot area. The 50 & 200 sma area will be potential resistance
TSLA Statement day and following through above the 21ema, now needs to start trending above the 21ema and build higher lows
META pop above the 10ema, up against the 21ema
RDDT pop through the 10ema
PLTR follow through, not on watching for a higher low agains the MAs
OKTA tried to push the pivot but some stalling, watching for follow through
MSTR Since the gap down has been one of the strongest stocks, breaking above the 50 sma from another mini flag
ROOT follow through higher
BABA relatively week. Thing the best of this theme may be over for the time being.
TGTX trending above the 10ema
Stocks Setting Up / Showing RS
Important note – A lot of the growth names had Oliver Kell “Wedge Pops today. The next key areas to watch will be ema crossbacks as the form higher lows against their 10/21 emas.
PTGX we’ll see with growth rallying if biotech holds up. Watching for a range breakout. through today’s high is an early pivot
OKTA watching for follow through higher
ACLX watching for follow through higher
LINE strong recovery bar today, watching for follow through up through the pivot
SARO big upside reversal watching for follow through up or pause then reconfirmation. Recent IPO
MP watching for follow through
AEM tight day despite fade watching for reconfirmation. A bit of stalling in miners today, watching to see if they re-strengthen or follow through down
CNX oil and gas name, can trend nicely watching for push higher
EQT watching for base breakout, at a key level
ACMR watching for follow through up
PAAS another miner, watching for reconfirmation
CRK bit of a fade, watching for a tight day then follow through up
MDGL watching for base breakout
TTWO at the key level, watching for a pause then reconfirmation
VRNA watching for the range breakout
CRWD with OKTA theme, watching for a push off the 21ema
Watchlist in List form
Potential Leaders + Mega Caps ( Overall leading to the downside for now)
NVDA, TSLA, META, RDDT, PLTR, OKTA, MSTR, ROOT, BABA, TGTX
Stock on Watch
PTGX, OKTA, ACLX, LINE, SARO, MP, AEM, CNX, EQT, ACMR, PAAS, CRK, MDGL, TTWO, VRNA, CRWD
Themes and Leaders
Strongest Themes: China, Biotech/Pharma, Insurance, Miners, Health Care Equipment, Oil & Gas
Growth showed follow through today. Watching Cyber OKTA CRWD
Market Thoughts & Focus
This is the first real follow through we’ve seen from growth names with many pushing off lows and ranges today. Constructive. Still very early in this rally if the bottom is in. The next good spot will be on a market gap down or flush lower that is supported, or a pullback into a range setting up a higher low. The 50 and 200 sma still loom higher.
Some Growth Names to watch for constructive ranges/spots:
PLTR HOOD TEM COHR TSLA MSTR INOD HIMS LMND ROOT DUOL BROS SOFI DOCS OKTA CRWD SHOP DASH GEV BE
Anything can happen, Day by Day – Managing risk along the way