AMZN Gap Up but Closes at Lows
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
October 31, 2025
Market Action
QQQ – Some selloff after the gap up. Overall consolidating the last 4 days. The 10ema is rising.
A range forming here letting the MAs catch up would be A+. Mega caps have been driving the market, ideally they hold up build flags and more names continue working.
Bulls want to see us either consolidate calmly or continue trending
Bears want to see a sharp reversal down with big earnings names selling off.
Daily Chart of the QQQ.
IWM – Upside reversal and reclaiming this level and the 21ema. Ideally pushed next week as large caps rest.
IBIT – Gap up and tight open to close. Direction undecided. Below the moving averages
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.
Quick note! I got some questions about how to I use the heatmaps. I use it broadly to see how themes are acting, If there are some groups standing out in terms of being all down big or up big from the open.
It gives me a feel for today’s rotation. I also look back on past reports to see when theme trends started.
S&P 500.
Post Market Movers. Not much action
Leadership Stocks & Analysis
TSLA – Held the key 21ema and with a pop higher setting up for higher next week
AAPL Downside reversal after the slight earnings gap
PLTR’s Gap up but fade off highs. trending
NVDA gap up but downside reversal, room to pullback to the rising 10ema
GOOG tight day, trending
META Not a good bar. However if it does not follow through down that will be a tell
HOOD Positive expectation breaker. Some fade off highs. Ideally tighens along the 10ema
RDDT Strong earnings but sold off. see how it acts next week. Again when there is a very negative bar, how it reacts after gives us information
AMZN Strong gap but close at lows. Ideally forms a tight range
MSFT More follow through lower. Testing the 50sma
Key Moves
TWLO 19% move on an earnings gap. Not huge volume
QS electric car theme with a range breakout
CRDO base breakout
NET Breakout to new all time highs
Setups and Watchlist
ACMR semi theme watching for a range breakout. Earnings upcoming
LMND watching for the earnings move
PATH watching for a range breakout off the 21ema
VICR watching for a range breakout. Fast mover
FLS watching for an HVC breakout
APLD watching for a range breakout. Squat again today
INTC watching for a flag breakout
Recent Gappers to Track
Day 1:
Day 1+: TWLO NET AMZN RDDT SLDP BE FLS YPF GGAL VIST AMD VICR ISRG PEGA INTC CRS PBF GTX LC MEDP QCOM
Today’s Watchlist in List form
Focus List Names
ACMR LMND PATH VICR FLS APLD INTC
Focus:
AMZN FLS APLD CCJ
Themes
AI, AI Energy, rare metals, biotech. Oil and Gas, Crypto names recovering, Construction, DATA Center fabrication.
Universe List
These are names in my wider watchlist that I’m tracking. They could be basing, setting up, or trending. I plan to include this in reports from now on.
AAPL ALAB AMD AMZN APLD APP ARM BABA BE BKKT CCJ CLSK CRDO CRS DELL FIX FLS FSLR GGAL GOOG GOOGL GRAL HOOD HUT INOD INSM INTC LEU LMND MDB MELI META MSFT MU NBIS NET NIO NVDA OPEN PATH PLTR QCOM RGTI RKLB RMBS SHOP SNDK SNOW SOFI SOUN STNG STRL STUB TAC TEM TER TWLO VRT
Additional Thoughts
Choppy end to the week. Gappers so far are not following through in earnest.
Anything can happen, Day by Day – Managing risk along the way
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