Gap Down, Decent Close. Chop
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
October 14, 2025
Market Action
QQQ – Gap down as we continue to flirt with the 21ema. Choppy and news sensitive market currently. Volatility increase. Most names I’m watching had good responses to the gap down
Bulls want to see us hold above the 21ema at week end and continue trending
Bears want to see us reconfirm down, likely with additional negative news catalysts.
Daily Chart of the QQQ.
IWM – Strong positive outside day and range breakout
IBIT – More follow through down, but a push off day’s lows
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 Stocks & Analysis
TSLA – Tightening again versus the range lows and the 21ema. Watching for a range breakout. Earnings starting to get closer
AAPL 2 tight days after the breakdown bar. Expecting expansion
PLTR Positive outside day. Needs to follow through and break out of this range. Otherwise looks like churning action
NVDA Reconfirmation down and failing the base breakout.
META forming this range below the MAs
HOOD 21 ema pullback. Key Level
RDDT still in this range but looking vulnerable unless it can hold here. Unfilled gap above and in a downcycle
ALAB gap down and negative close.
MSFT upside reversal off the prior range pivot
Key Moves
BKKT Flag breakout from the watchlist. Fast mover. Watching for follow through.
OUST range breakout from the inside day
Setups and Watchlist
B watching for a range breakout if gold theme continues
TVTX spec biotech watching for a range breakout.
AMD watching for a range breakout. Could use more consolidation. NVDA weak which is a negative for the theme
TARS watching for a range breakout
MU watching for a flag breakout. Best acting of semis. Still don’t like seeing NVDA acting weak
OPEN watching for a 21ema reclaim. fast mover would need to work right away
STRL watching for follow through up and range breakout
LASR watching for follow through up and range breakout
SSRM watching for follow through up and range breakout
Today’s Watchlist in List form
Focus List Names
B TVTX TARS AMD OPEN MU STRL LASR SSRM TSLA HOOD
Focus:
TSLA HOOD MU SSRM
Themes
AI, AI Energy, rare metals, gold miners, biotech
Additional Thoughts
It continues to be a choppy market that is news sensitive. NVDA being weak is a knock against the AI hardware theme but other semis are set up for expansion. I’m adopting more of a chop mindset currently. Being more selective and it needs to work. Recent trades are mixed.
Anything can happen, Day by Day – Managing risk along the way
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