
New Highs
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 5, 2025
Market Action
QQQ – New highs as we continue to trend above the moving averages
Bulls want to see us continue to trend
Bears want us to reverse down sharply
Daily Chart of the QQQ.

IWM – more follow through

IBIT – Fade off highs but overall a tight day
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 tight day after a push up and reclaim of the recent range

PLTR Tight tight on the 21ema

NVDA new highs but not a definitive close

META fade off highs, watching for continued respect of the pivot area

HOOD inside day in trend. Volume still higher

MSTR fade. volatility has been very higher the last few days

CRWD Strong push from the 10ema

Key Moves
DDOG strong gap on volume. S&P 500 inclusion.

CRWV strong push off the 21ema

Setups and Watchlist
HIMS worth watching for swing traders for expansion from this tight range

MP 21ema pullback after strong momentum move. Watching for a range break higher. There is a gap down above

WGS push from the inside day but still watching for expansion form this range

CRCL like HIMS for swing traders likely for strong expansion next week from this tight range

INSM watching for a range breakout

ODD watching for a range breakout

ALAB watching for a 21ema reclaim

LEU, watching for a range breakout off the 21

NRG watching for expansion higher

AS watching for expansion higher

Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
HIMS MP WGS CRCL INSM ODD ALAB LEU NRG AS
Focus:
CRCL HIMS INSM ALAB
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Good action to end the shortened week. We continue to trend. This has been a strong and lucrative uptrend.
Anything can happen, Day by Day – Managing risk along the way
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