Strong Day
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 8, 2025
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Market Action
QQQ – Follow through higher and up against the 200sma and pivot level. I like how we are building above the MAs. Very strong action from most growth stock leaders today.
The expectation based on the close and recent action is sideways or higher. Looking for expansion above the 200sma
Bulls want to see us rally strongly through the 200sma
Bears want us to reverse lower
Daily Chart of the QQQ.
IWM – Similar action, moving above the recent 2 day range
IBIT – Expansion higher
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above declining
Longterm – 200 sma – Up – Below declining
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA move above the recent range but now needs to follow through above the 200sma and consolidation pivot
PLTR Great to see this acting well. Did not quite fill the gap. Looking for it to consolidate under that level and tighten again in a handle
NVDA Consolidation day, good close off lows
META downside reversal at the pivot
HOOD there we go with the breakout move. Watching for higher lows to form above the 10ema
MSTR Follow through higher, trending
CRWD Tight day.
UBER Inside day at the base pivot. Watching for this to hold then rally higher
HIMS Bit of a stall day and short term stretched, watching for a 10ema pullback
Key Moves
GRPN Earnings Gap and Go
SEZL Earnings Gap and Go
DAVE Earnings Gap and Go
LEU Earnings Gap and Go
TEM strong follow through
Setups and Watchlist
CRWV watching for a breakout move. Tight
LOAR on breakout watching through highs
KRMN another IPO to watch. These have been working. Not the largest dollar volume
DUOL not quite setup for me yet, watching if this can pull in a bit more to the HVC
ROOT watching for a re-breakout through the range. good earnings surprise
GEV watching for a 10ema pullback. VST and CEG also interesting
TTAN watching for a range breakout through the pivot
GRAL tighish day, watching for a range breakout
ALAB watching for a breakout move
Post market moves on EPS. Watching PINS TMDX TTD TOST
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
CRWV, LOAR, KRMN, DUOL, ROOT, GEV, VST, CEG, TTAN, GRAL, ALAB, PINS, TMDX, TTD, TOST
Focus:
TMDX CRWV TTAN
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber
Market Thoughts & Focus
Very strong action from leaders. Remember to not get ahead of yourself. The market has a way of humbling you.
More setups developing and good reactions to earnings for the most part.
Anything can happen, Day by Day – Managing risk along the way