Test of New Highs
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 24, 2025
Market Action
QQQ – Strong gap and go as the market continues to climb a wall of worry. Up against highs now.
Bulls want to see us follow through higher and set new highs
Bears want us to reverse lower off this pivot and retest the 21ema
Daily Chart of the QQQ.
IWM – Strong gap and go follow through action
IBIT – pop higher above the 21ema.
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above
Short-term – 21 ema – Above
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 pullback but inside day, want to see this hold and reconfirm higher
PLTR trying to push out of this range
NVDA break higher
META Consolidation breakout
HOOD breakout higher
MSTR push higher but some fade at the 21ema
CRWD inside day, one to watch closely for a consolidation breakout
Key Moves
AMBA powerful move higher
COIN reconfirmation
UBER strong gap and go
Setups and Watchlist
GMS watching for post gap u turn
VEEV watching for a range breakout
SATS very fast mover, watching for post gap range breakout
NRG watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
VEEV SATS NRG GMS
Focus:
CRWD VEEV NRG
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Strong action across the board, most setups pushed today. Not too many looked primed now. Watching for continued trends.
Anything can happen, Day by Day – Managing risk along the way
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