Some Follow Through Lower
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
March 27, 2025
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Market Action
QQQ – Attempted reversal but fade off highs, Looks like this a short term downtrend for now after we were rejected at the 200sma
The short term expectation based on today’s close and recent action is consolidation or lower. Continuing to expect volatility.
Bulls want to see us hold here and the prior range either with a positive expectation breaker or strong upside reversal
Bears want to see us follow through lower closing the week near lows
Daily Chart of the QQQ:
IWM – Slight follow through lower, consolidation day below the MAs
IBIT- short term constructive, forming a range near the 21ema, however below the 50sma
Trends (0/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Below declining
Short-term – 21 ema – 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
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 Tried to rally but faded. Below all MAs
TSLA Sharp fade at the 200day. Close just above the 21ema, on watch for follow through lower
META Fade off highs
RDDT Break below the 200sma and the range. Will take off the leaders list this weekend if no improvement
PLTR 21 and 50 sma pullback, watching for respect here, on watch for a break lower
OKTA follow through lower, looking to test the 21ema,HVC, and weekly level
MSTR pulling into the 50sma area, watching for respect
ROOT Upside reversal at the 21ema, however yesterday was a sharp break
BABA reclaim of the 21ema but fade off highs a bit
TGTX Slight follow through lower
CRWD upside reversal but needs to reclaim the 21ema and tighten again now
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.
SPOT Oops reversal, holding MAs. needs to firm up
VRNA watching for a break higher
BABA watching for a range breakout. Also aware that it could reversal lower and test the 50sma
UBER holding the MAs watching for a push higher through recent highs
MELI sharp break yesterday but watching to see if it can hold MAs here
AGI, gold and miners continue to be the strongest group
ADMA range at the 10ema
CRK watching for follow through up from the upside reversal
NEM watching for base breakout
TTWO at the consolidation pivot, wide range bar yesterday, watching for it to hold here then pushout
GSHD insurance watching for a break from this range. ALL also set up in a base
SE acting well. Acceleration in growth
YOU watching for follow through up from the upside reversal off the 200sma
ZS has been choppy and stage 1 for quite some time. Forming a base
EAT in a range
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: Miners, Insurance, Health Care Equipment, Oil & Gas, China, Biotech/Pharma,
Market Thoughts & Focus
Most growth names still set back. Miners the strongest theme. We will have to see how we close the week. Back below the MAs.
Not really interested in much, just tracking how things are acting. MSTR PLTR in their ranges
Anything can happen, Day by Day – Managing risk along the way