Up Against the 50 SMA. Tight Day
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
March 25, 2025
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Market Action
QQQ – We got a bit more follow through today. Both the Qs and SPY are right near their 50 smas now. A key area where it would be logical to see some range building. if we can rally strongly from here it would be a positive sign
The short term expectation based on today’s close and recent action is consolidation or higher. Continuing to expect volatility.
Bulls want to see us hold here and continue to stay above the 21ema and gap
Bears want to see us reverse lower and penetrate the gap area
Daily Chart of the QQQ:
IWM – Consolidation Day near the 21ema
IBIT- Constructive tight action above the 21ema
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
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
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 Constructive action off the 21ema
TSLA Strong close off the 21ema. At the 200sma
META above the 21ema, key level above
RDDT tight action at the 10ema
PLTR tight day, some air to the mas
OKTA inside day, needs to reconfirm
MSTR Some follow through, ideally flags out here
ROOT some reversal lower, above the mas
BABA Looks a bit vulnerable, needs to hold here
TGTX trending above the 10ema
CRWD pop higher, at the 50sma
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.
GH watching for follow through higher
LNTH watching for a push higher from this range, don;t like the look of the bar 3 days ago
UBER watching for a push through this pivot
UPST more of a swing trade name, watching for a push through this pivot and 21ema
CRK watching for a push from this inside day, more pullback into the pivot would be preferred
MDGL watching for base breakout
PTGX needs to reverse back up here or leaking too much lower
GEO tight area up the right side
VRNA watching for pivot breakout, very tight day
RKLB watching for pivot breakout
SHOP tight action near the 50 day, ideally forms more of a range
HIMS watching for a pop above the 21ema
EQT tight at the pivot, watching for reconfirmation through recent highs
MP ideally pauses first, near pivot
ACLX inside day, looks setup for a breakout
CRDO watching for push through the 21ema
RRC watching for reclaim of the level
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, CRWD
Stock on Watch
GH, LNTH, UBER, UPST, CRK, MDGL, PTGX, GEO, VRNA, RKLB, SHOP, HIMS, EQT, MP, ACLX, CRDO, RRC
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
Mostly a consolidation day for most growth names, many names starting to form ranges just above or below their 21emas. Constructive for now but wel” see which way these short term patterns resolve. QQQ and SPY at key area
Of growth these are names I’m more focused on
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