IBIT Gap and Go
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 9, 2025
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Market Action
QQQ – Two very tight days in a row, we are ripe for an expansion. The QQQ continues to trend above the moving averages
Bulls want to see us continue to trend above the 10/21 emas and approach new highs
Bears want us to break down lower below the 10ema and recent pivot
Daily Chart of the QQQ.
IWM – Follow through higher, approaching the 200sma
IBIT – Strong action. Against the pivot
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA Strong oops reversal
PLTR Strong action from the inside day, approaching new highs
NVDA Reversal but closing tight
META trending, slight reversal
HOOD Strong upside reversal off the 10ema area
MSTR push higher from the inside day and back above the 21ema
CRWD tightening above the 21ema
UBER above the 21ema, slight wedging action
HIMS upside reversal at the top of the range. Watching for a range breakout
Key Moves
CCJ strong gap and go
ETOR IPO Base Breakout
SMTC strong push from RMV 0
TEM range breakout
Setups and Watchlist
GLNG watching for a range breakout
SNOW watching for a range breakout
GRWE Watching for a range breakout
URBN watching for a range breakout
GEV watching for a push off the 10ema
ECG watching for a range breakout
CRDO watching for a reversal up
FROG watching for a range breakout
OS watching for a range breakout
ALAB watching for a range breakout off the 21ema area
CLS Watching for range breakout/follow through
LIF watching for a range breakout breakout
COIN watching for a push from the tight day
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
GLNG, SNOW, GRWE, URBN, GEV, ECG, CRDO, FROG, OS, ALAB, CLS, LIF, COIN
Focus:
HIMS COIN GRWE GEV
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Nice move from crypto names and PLTR. Still names setup for higher.
Anything can happen, Day by Day – Managing risk along the way