Cracks Starting in Growth?
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 1, 2025
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Market Action
QQQ – Break lower. Looks like a test of the 10ema is incoming
Bulls want to see us respect the 10ema and consolidate letting the 21ema catch up
Bears want us to follow through down sharply
Daily Chart of the QQQ.
IWM – sharp outside day
IBIT – Resolving down from the range
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 gap lower. unless it snaps back needs to further develop the base
PLTR resolved down from the right day. Closing below the 21ema
NVDA testing the all time high level
META follow through lower
HOOD Indecisive day
MSTR failed consolidation breakout
CRWD push lower testing the 21ema
Key Moves
WYNN MGM moving higher
Setups and Watchlist
HIMS watching for a range breakdown if growth continues weakness
KD watching for reconfirmation up
GOGO watching for a range breakout
ALAB watching for follow through up
CRWV could go either way, watching for a resolution of this short range.
ARLO watching for a consolidation breakout
ELF watching for a range breakout
QUBT key level, watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
HIMS KD GOGO ALAB CRWV ARLO ELF QUBT
Focus:
HIMS CRWV ALAB
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Follow through lower today in growth names with many looking like they need at least a pause. For me less is more right now although I may look to test some shorts with small size as I want to improve in that area of my trading.
As mentioned previously we are heading into a seasonally weaker time of year.
Anything can happen, Day by Day – Managing risk along the way