Inside Day to End the Week
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
April 3, 2025
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Market Action
QQQ – Inside Day to end the week. Constructive that we have held after the gap down. However we remain below the moving averages. With tightness to end the week I am expecting expansion early next week.
The short term expectation based on today’s close is sideways. Continuing to expect volatility especially as risk is increased of news catalysts.
Bulls want to see break higher from the inside day and reclaim the 21ema
Bears want to see us follow through lower and close below yesterday’s lows
Daily Chart of the QQQ.
IWM – Forming a tight range the past few days
IBIT- Holding up better above the 21ema
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
Prebuilt Deepvue Theme Tracker
Deepvue Leaders Heatmap – Rotation out of health care
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 could not follow through up and reclaim that level.
TSLA tight day but below all the MAs, needs to hold here and pop through the 21ema or likely tests lows
META Inside day below all the MAs
PLTR Strong action forming a range, focus for next week
MSTR Tight range just below the key level, make or break it point
CRWD down on lower volume, on watch for next week
TGTX tight action at the 21ema
Stocks Setting Up / Showing RS
UBER slight positive expectation breaker. Ideally tightens below the level above
AGX watching for a break above the range
GH watching for a break higher
RBRK watching for a push higher from this range
DUOL watching for a break through the 50sma and into the gap
SDGR watching for follow through higher
TTWO watching for a break above this range
SPOT watching for a pop through the 50sma
LOAR watching for a reversal back up
RKLB watching for a pop above the 50 sma and range
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD, TGTX
Stock on Watch
PLTR, MSTR, CRWD, TGTX, UBER, AGX, GH, RBRK, DUOL, SDGR, TTWO, SPOT, LOAR, RKLB
Focus:
PLTR
Themes and Leaders
Strongest Themes: TBD – Cyber
Market Thoughts & Focus
So far we’ve acted well since the recent gap down as bases continue to build out. Next week we could rally higher setting a higher low or follow through lower. Open-minded and ready either way.
Anything can happen, Day by Day – Managing risk along the way