Expansion Up. Semi’s Coiled?
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 4, 2025
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Market Action
QQQ – Pop higher from the consolidation day. Retaking the key level. Need to see follow through now and a trend above the 21ema.
Bulls want to see a continued trend higher/constructive range
Bears want to see a reversal lower
Daily Chart of the QQQ.
IWM – push higher from the tight day
IBIT – Rejected down for now
Trends (4/4 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 Inside day above the 21ema in this base. Watching for a break higher
AAPL Some follow through up. expecting it to trend above the 10ema
PLTR Very tight day. Expecting expansion tomorrow
NVDA Tight range just below the 50. Expecting expansion tomorrow
META Gap up but fade off highs. ideally forms a tight range here
HOOD Still tight-ish right near the 50sma
RDDT Strong inside day off the previous range’s high
ALAB Range breakout. Watching for follow through
MSFT Knocking against the range high just below the MAs
Key Moves
AEO earnings gap on huge volume
HIMS pop through the 21ema
Setups and Watchlist
AMD watching for a range breakout
LEU watching for a range breakout. Poor close today
MRCY watching for a range breakout
PSTG watching for a range breakout. MDB also setup in a range
PSKY watching for a range breakout
HNGE watching for a range breakout from inside day
GO watching for a range breakout.
TEM watching for follow through
AORT watching for a range breakout
MP watching for a push higher
Today’s Watchlist in List form
Focus List Names
AMD LEU MRCY PSTG MDB PSKY HNGE GO TEM AORT MP NVDA PLTR
Focus:
MP AMD PSTG PLTR
Themes
Strongest Themes: Software, Crypto, Nuclear Power, Semis, Miners, Cruise Liners
Market Thoughts & Focus
Good action today from most of the market. Watching for more follow through and ideally less chop. Follow through is a key sign of an institutional bid.
Anything can happen, Day by Day – Managing risk along the way