Tight Day, Expecting Expansion
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 3, 2025
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Market Action
QQQ – Gap up and close above the 21ema. Basically we have been consolidating since the end of July.
Bulls want to see follow through higher or a form tight sideways range
Bears want to see a reversal lower
Daily Chart of the QQQ.
IWM – Fade off highs
IBIT – Make or break it level for IBIT. Still trending below the moving averages
Trends (3/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Below
Short-term – 21 ema – Above
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders
S&P 500.
Leadership
TSLA Volatile day closing near the open after a fade off highs. Overall basing since late may
AAPL Gap and follow through higher with a strong close
PLTR Downside reversal off the 21ema. Back in the range
NVDA holding here and tight day. Expecting expansion tomorrow
META tight day. Expecting expansion
HOOD Forming a range just below the 50sma
RDDT big fade after the morning push.
ALAB tight inside day. Watching for a range breakout
MSFT Tight day in the range, watching for a pop through. make or break it level
Key Moves
ZEPP continued expansion from the tight area
Setups and Watchlist
DLO watching for a range breakout
PSTG watching for a range breakout. tight on the 65 min
SNOW similar tight on the 65. Watching for a range breakout and start of a U turn
CAI watching for a push higher. Range on 65
MP watching for undercut and rally or positive expectation breaker
Today’s Watchlist in List form
Focus List Names
PSTG SNOW DLO CAI MP ALAB RDDT
Focus:
ALAB MP RDDT (re-breakout)
Themes
Strongest Themes: Software, Crypto, Nuclear Power, Semis, Miners, Cruise Liners
Market Thoughts & Focus
Tight day for the most part. Watching for reconfirmation. Expecting expansion one way or another. Still choppy out there with fades.
Anything can happen, Day by Day – Managing risk along the way