HOOD and APP Added to S&P 500
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 5, 2025
Market Action
QQQ – Gap up and selloff, basing, then a gradual move off lows. Overall a strong week retaking the 21ema after the gap down Tuesday. In my view we’ve been consolidating for about 5 weeks now.
Bulls want to see a continued trend higher/constructive range sideways and move from this consolidation
Bears want to see a reversal lower breaking back below the 21ema
Daily Chart of the QQQ.
IWM – Wide range day with overall a close near the open, good push off lows
IBIT – Gap up above the key level, then rejected for now at the 21ema. Overall not much downside progress the past 2 weeks
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
S&P 500.
Leadership
TSLA Gap up and stabilizing into the close. View this as positive. Watching for follow through up next week
AAPL grinding higher
PLTR Continues to form out this range. big of a shakeout lower today. Watching for a pop through the moving averages
NVDA Expansion down but then a push off lows. Living below the 21ema for now. if it can follow through higher next week it would start a move up the right side of the base. Needs to reclaim the MAs
META Consolidation day after the gap up. Constructive
HOOD Gapping up after hours on S&P inclusion. On watch early next week. Popping above the MAs. APP also added
RDDT Some follow through up. Ideally pulls in slightly and tightens before re-confirming
ALAB Follow through up and nice move off lows. If it tightens again will look to add.
MSFT Large downside reversal failing at the MAs. Continues to be relatively weak
Key Moves
GWRE gap up and volatile day on earnings surprise
AVGO gap up but close near lows. Think ALAB CRDO strongest in the theme
Setups and Watchlist
AMSC watching for a range breakout and pop through the 21ema
MGNI watching for a range breakout.
TARS 10ema pullback, watching for a flag breakout
PSKY watching for a range breakout
LC watching for a range breakout
HNGE watching for a range breakout. Recent IPO
PSTG watching for a range breakout. Tight consolidation day, expecting expansion
LMND watching for follow through up
LEU watching for a range breakout
AORT watching for a range breakout
AEO watching for follow through up. ideally gap down open and push through HVC
CIEN watching for a range breakout
MP watching for level reclaim. Pulling into the prior range from a month ago
Today’s Watchlist in List form
Focus List Names
AMSC MGNI TARS PSKY LC HNGE PSTG LEU LMND AORT AEO CIEN MP HOOD TSLA
Focus:
HOOD TSLA LEU PSTG
Themes
Strongest Themes: Software, Crypto, Nuclear Power, Semis, Miners, Cruise Liners
Market Thoughts & Focus
See this as a good end to the week as we stabilized after the move lower from the gap. We’ve moved higher a few days now, some range building would be constructive and set up the next pivots.
Anything can happen, Day by Day – Managing risk along the way
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