HOOD Gap and Go. Some Downside Reversals
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 8, 2025
Market Action
QQQ – Inside day within the range of Friday’s close and high.
Bulls want to see a continued trend higher or constructive range sideways
Bears want to see a reversal lower breaking back below the 21ema
Daily Chart of the QQQ.
IWM – Inside day with a good closing range
IBIT – Inside day right at a key level. Expecting expansion. This is a make or break spot.
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 downside reversal closing near lows. A key tell will be if we can hold this gap and the 10ema. Bulls want to see this hold here and reverse higher tomorrow
AAPL slight pullback, moving averages rising
PLTR Very tight day. Expecting expansion tomorrow
NVDA Fade off highs and closing below the undercut and rally level. Below the moving averages.
META Downside reversal, needs to hold here. On watch for follow through down
HOOD Strong gap and go move with a close near highs. Actionable on AVWAP reclaim a few minutes after the open. Ideally follows through to new highs tomorrow
RDDT Downside reversal, back into the 10ema. Ideally rebounds off that level
ALAB Strong expansion higher breaking out of the consolidation. Best buy point was on the range breakout near the 21ema
MSFT Very tight day after the negative bar. Below the moving averages
Key Moves
APP gap on the S&P inclusion as well. Already in a trend and feels short term extended now
SPHR with a breakout into new all time highs
Setups and Watchlist
PSTG watching for a range breakout
AEO watching for a range breakout.
IONS Biotech , watching for a range breakout
PSKY watching for a range breakout
LC watching for a range breakout
HNGE watching for follow through
MP tight inside day, watching for the level reclaim
SEDG a bit choppy here but watching for a consolidation breakout
LEU watching for a range breakout
GWRE watching for a range breakout
Today’s Watchlist in List form
Focus List Names
PSTG AEO IONS PSKY LC HNGE MP SEDG LEU GWRE RDDT TSLA HOOD
Focus:
PSTG AEO LEY MP
Themes
Strongest Themes: AI, Miners, Software, Energy
Market Thoughts & Focus
Fair amount of Downside reversals today from some big names. But also leaders HOOD and ALAB acting great. Inside day near highs. Expecting expansion tomorrow.
Anything can happen, Day by Day – Managing risk along the way
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