Chopping Around

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

Market Action

QQQ – Reversal back down as we chop around. Nothing broken yet but not a great look

Bulls want to see us follow through up
Bears want us reverse lower and fill the gap

Daily Chart of the QQQ.

Xnapper 2025 06 17 20.55.49 Scaled

IWM – Gap up and hold but meh close

Xnapper 2025 06 17 20.56.19 Scaled

IBIT – Strong action, back at the pivot level

Xnapper 2025 06 17 20.56.31 Scaled

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

Xnapper 2025 06 17 20.57.10 Scaled

Deepvue Leaders Heatmap

Xnapper 2025 06 17 20.57.22 Scaled

S&P 500.

Xnapper 2025 06 17 20.58.56 Scaled

Heatmap from Deepvue

Leadership

TSLA resolved down, a negative that suggests it needs more time unless it snaps back

Xnapper 2025 06 17 20.59.15 Scaled

PLTR some follow through lower, above the MAs

Xnapper 2025 06 17 20.59.48 Scaled

NVDA still in this range, expecting expansion soon

Xnapper 2025 06 17 21.00.37 Scaled

META in this consolidation

Xnapper 2025 06 17 21.01.02 Scaled

HOOD shake today holding the 10ema

Xnapper 2025 06 17 21.01.18 Scaled

MSTR consolidation building against the 50 sma

Xnapper 2025 06 17 21.01.42 Scaled

CRWD strong push higher

Xnapper 2025 06 17 21.02.29 Scaled

UBER not really leading, may kick off the list but not doing anything wrong just building a base on base

Xnapper 2025 06 17 21.03.09 Scaled

HIMS constructive inside day

Xnapper 2025 06 17 21.07.05 Scaled

Key Moves

CRK continued expansion higher

Xnapper 2025 06 17 21.22.10 Scaled

CRWV follow through higher after buy point yesterday

Xnapper 2025 06 17 21.09.39 Scaled

Setups and Watchlist

GH watching for a handle breakout from the range

Xnapper 2025 06 17 21.11.19 Scaled

GRAL watching for a flag breakout

Xnapper 2025 06 17 21.11.37 Scaled

SNOW watching for a range breakout

Xnapper 2025 06 17 21.12.22 Scaled

GEV watching for a range breakout

Xnapper 2025 06 17 21.12.54 Scaled

VEEV watching for a post gap range breakout

Xnapper 2025 06 17 21.13.25 Scaled

PAAS watching for a range breakout and expansion

Xnapper 2025 06 17 21.24.12 Scaled

SAIl watching for a post gap range breakout

Xnapper 2025 06 17 21.23.58 Scaled

TEM gap down but watching for re-breakout

Xnapper 2025 06 17 21.15.30 Scaled

ECG watching for HVC re-claim

Xnapper 2025 06 17 21.23.41 Scaled

COIN watching for a range breakout from the inside day

Xnapper 2025 06 17 21.40.01 Scaled

Today’s Watchlist in List form

Key Names

NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS

GH, GRAL, SNOW, GEV, VEEV, PAAS, SAIL, TEM, ECG, COIN


Focus:

SNOW HIMS HOOD COIN

Themes and Leaders

Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power

Market Thoughts & Focus

Some chop and mixed action from the leaders. More patient than wanting to step on the gas.

Anything can happen, Day by Day – Managing risk along the way

Recent Trade Lab Reports

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