Market Gaps Up and Tests Highs
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
October 20, 2025
Market Action
QQQ – Strong push higher from last week’s choppy range. Testing highs and the key level of the Friday reversal high
Bulls want to see us follow through higher and break above that high
Bears want to see us reverse down, and see more earnings gap downs than gap ups from key growth names.
Daily Chart of the QQQ.
IWM – Pivot reclaim and gap and go
IBIT – Gap up after being extended down.
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 Stocks & Analysis
TSLA – follow through higher slightly. Tight day. Earnings Wednesday.
AAPL Strong follow through after the range breakout. New highs
PLTR slight follow through up. Right above the 21ema. Watching for a range breakout
NVDA downside reversal but tight open to close. Just below the base pivot
META push from the inside day and the range. Reclaiming the 21ema
HOOD Gap up and close above the 21ema, It did fade off highs
RDDT attempted push higher but fade off the 21ema
AMZN following through up despite AWS problems
MSFT slight follow through higher just below the range pivot
Key Moves
BETR expansion higher. Strong push from the tight day on the 21ema.
SPHR strong move from the tight day. watching for follow through
Setups and Watchlist
IRTC watching for a range breakout
NTSK watching for a range breakout. Inside day
W watching for a range breakout. Big Weekly base
MP watching for a range breakout. 21ema pullback
PI watching for a range breakout
MDGL watching for a range breakout
RMBS watching for a range breakout. Fade but tight day
OPEN fast mover. Watching for a 21ema reclaim and range breakout
REZI watching for a range breakout.
Today’s Watchlist in List form
Focus List Names
IRTC NTSK W MP PI MDGL RMBS OPEN REZI TSLA NVDA PLTR
Focus:
TSLA NVDA IRTC MP
Themes
AI, AI Energy, rare metals, biotech. Gold names took a hit today especially with GLD reversal
Additional Thoughts
Strong day! short term direction up for now. TSLA earnings a key gauge for me
Anything can happen, Day by Day – Managing risk along the way
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