Strong Week
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
April 27, 2025
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Market Action
QQQ – Follow through higher to close off a strong week. The 50 sma and 200 sma will be key tests above. We are up strongly over the past 4 sessions so mentally aware that we could experience some pullback over the next few sessions and potential sessions. Growth names continue to shape up.
Bulls want to continue higher or tighten sideways letting the 21ema catch up in support
Bears want to reverse down and break below the 21ema
Daily Chart of the QQQ.
IWM – Tight witha. good close to end the week. Has room to expand to the 50 sma. Bulls do not want to see an undercut of this range
IBIT – Continues to stand out. Short term extended. ideally pauses and builds sideways letting the MAs catch up before reconfirming.
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 declining
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500. Software, Semis, Oil and Gas Stand out
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
TSLA popping strongly higher and through the 50 sma. 200 SMA and the consolidation pivot above. Began an RS Phase
PLTR strong action, would like to see a handle form before a base breakout. Would expect the 10ema to contain a pullback
NVDA semis acted well to end the week but needs to break the lower high and 50sma to get going
META above the 21ema
MSTR Strong. Would expect a pullback to hold the recent level.
CRWD Some follow through. Ideally pauses before attempting new highs
TGTX Good action.
GOOG Gap up was sold at the 50 sma, see if it can hold here and build
HOOD tight day to end the week, watching for a breakout
UBER Downside reversal. Watching for a tight range
Stocks Setting Up / Showing RS
LOAR extended but should be on everyones watching for the next setup
GEV above the moving averages, watching for a tight range before the next pivot break
ZS ideally a tight day before a breakout
OKTA peeking over hte pivot, watching for follow through or tightness above the 21ema
BROS watching for follow through higher
CRWV setting up in the ipo base, watching for a pivot break higher through the recent highs. Strong AI related news could move this.
SPOT watching for follow through
EAT watching for follow through
GGAL watching for push higher off this level
SDGR watching for a breakout.
BULL another ipo to watch carefully for faster traders. Gap and Go or tight range breakout
TMDX ideally builds out more but watching for follow through higher
VRNA faster mover and bio. Watching for range breakout
TEM ideally tightens here then watchign for pop through the 50 sma area
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD, GOOG TGTX
HOOD, UBER, LOAR, GEV, ZS, OKTA, BROS, CRWV, SPOT, EAT, GGAL, SDGR, BULL, TMDX, VRNA, TEM
Focus:
CRWV EAT
Themes and Leaders
Strongest Themes: BTC, Miners, Cyber Software
Market Thoughts & Focus
We had a strong week. Ideally we pullback slightly and tighten. On a pullback you would want to see things hold their 10emas if trending now or 21emas if sitll building.
Mentally prepared for a large down day stress test. Know the cushion you have in positions and how you would handle each if things drop in a morning down 3% plus. A move lower would be a chance to add slightly to core positions or top ideas. How key names like PLTR TSLA CRWD act on a big red day will give us valuable information about the strength of this rally.
Earnings season is getting underway which could provide some great gapper opportunities up the right sides of bases
Anything can happen, Day by Day – Managing risk along the way