Strong Action. QQQ Moves out of a Range

Richard Moglen
Richard Moglen

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

Market Action

QQQ – Strong action after the NVDA earnings. Pushing out of this recent range. The expectation is that we continue higher and trend.

Bulls want to follow through up
Bears want to see a sharp reversal or negative expectation breaker

Daily Chart of the QQQ.

Xnapper 2025 08 28 19.21.06 Scaled

IWM – New high

Xnapper 2025 08 28 19.22.20 Scaled

IBIT – Downside reversal at the 50sma

Xnapper 2025 08 28 19.22.52 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 08 28 19.23.21 Scaled

Deepvue Leaders Heatmap. % Change from Open and Market Cap

Xnapper 2025 08 28 19.23.58 Scaled

S&P 500.

Xnapper 2025 08 28 19.24.29 Scaled

Heatmap from Deepvue

Leadership

TSLA pulling back after the downside reversal, decent action off the 10ema. Watching for a handle formation or push higher

Xnapper 2025 08 28 19.25.08 Scaled

AAPL More Follow through. Lower volume

Xnapper 2025 08 28 19.43.57 Scaled

PLTR upside reversal, has refused to break down so far. watching for follow through up

Xnapper 2025 08 28 19.26.08 Scaled

NVDA volatile day after earnings. watching for a consolidation breakout

Xnapper 2025 08 28 19.26.42 Scaled

META forming a range. Pulling into the key level

Xnapper 2025 08 28 19.27.12 Scaled

HOOD tight day, expecting expansion tomorrow

Xnapper 2025 08 28 19.27.35 Scaled

RDDT positive expectation breaker and pushing out of the recent range.

Xnapper 2025 08 28 19.27.57 Scaled

ALAB pushing higher. Nice

Xnapper 2025 08 28 19.28.30 Scaled

MSFT testing the 21ema from below. Relatively weak

Xnapper 2025 08 28 19.28.51 Scaled

Key Moves

PSTG very strong bar. We saw MDB yesterday and it also followed through today

Xnapper 2025 08 28 19.29.52 Scaled

SNOW earnings gap, testing new 52 week highs

Xnapper 2025 08 28 19.31.06 Scaled

Setups and Watchlist

AORT watching for a range breakout

Xnapper 2025 08 28 19.33.01 Scaled

MRCY watching for a range breakout

Xnapper 2025 08 28 19.40.56 Scaled

TEM tight day. watching for a break higher

Xnapper 2025 08 28 19.34.37 Scaled

DLO squat today, watching for a re-breakout

Xnapper 2025 08 28 19.35.23 Scaled

SEDG watching for a range breakout

Xnapper 2025 08 28 19.36.00 Scaled

LMND squat today, watching for a re-breakout

Xnapper 2025 08 28 19.36.24 Scaled

RKLB watching for follow through up

Xnapper 2025 08 28 19.38.01 Scaled

AAOI fast mover, watching for a range breakout

Xnapper 2025 08 28 19.38.43 Scaled

Today’s Watchlist in List form

Focus List Names

AORT MRCY TEM DLO SEDG LMND RKLB AAOI TSLA

Focus:

TEM AORT RKLB

Themes

Strongest Themes: Software, Crypto, Nuclear Power, Semis, Miners, Cruise Liners

Market Thoughts & Focus

Good action today as names acted well. We’ve got the NVDA earnings behind us. Noticing MDB PSTG standing out as recent earnings plays

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

Recent Trade Lab Reports

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