
Continued Trend. IBIT Positive Expectation Breaker
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 2, 2025
Market Action
QQQ – Great response today, continuing to trend above the 10ema
Bulls want to see us continue to trend
Bears want us to follow through down sharply
Daily Chart of the QQQ.

IWM – Nice follow through

IBIT – Great example of a positive expectation breaker. Gap and go through 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 Decent snap back reclaiming the low of the recent range

PLTR inside day again closing below the 21ema. 50sma/10week catching up

NVDA good bounce off the ATH level

META no real bounce today, watching for respect of the prior pivot and 21ema area if it continues lower

HOOD good action. Noticing volume picking up

MSTR positive expectation breaker after the failed breakout

CRWD holding above the 21ema

Key Moves
QUBT pivot breakout

GOGO strong push through the pivot

ORCL strong push off the pivot

Setups and Watchlist
ALAB keeping an eye on this. Watching for a push through the 21ema as long as it continues to build the base

WGS watching for a range breakout, swing trade type name

HIMS watching for a range breakdown

COHR watching for a range breakout

ODD watching for a range breakout

CRWV still could go either way, watching for a break below the 21ema or push higher

ARLO watching for a range breakout

AS, watching for a range re-breakout

Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
ALAB WGS HIMS CRWV ARLO CRWV ODD AS
Focus:
ODD CRWV
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Quick snap back and good moves from growth today. Continue to expect a bit more chop as we are heading into a seasonally weaker time of year.
Anything can happen, Day by Day – Managing risk along the way




