The Market Reconfirms Lower.

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

November 6, 2025
10 min read
Market Trend Status
Trend: 2 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

Most growth names and the market broke lower after yesterday’s bounce. Not a good look. Stopped on a few more names and personally being more cautious. I did try an add on TSLA today and was stopped. Traded DDOG well from 185 but sold 192 as I didn’t have much cushion.

See below how the trend it net new highs/new lows has changed. How we end this week will be telling.

QQQ
Yesterday I pointed out the unfilled gap. Today we reconfirmed lower breaking below the 21ema.
QQQ chart
IWM
Rejected off the pivot level. Below the 21 and 50
IWM chart
IBIT
Rejected off the 200sma for now.
IBIT chart

Trends 2/4 Up – based on the QQQ

Shortest – 10 Day EMA –   Below
Short-term – 21 ema – Below
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising

Groups/Sectors

Theme Tracker
Distribution off the open, especially growth stocks.
Theme Tracker
Heatmap Deepvue Leaders
Some software names held up
Heatmap Deepvue Leaders
Heatmap S&P
Some blue in Oil and Gas
Heatmap S&P
Post Market Movers
FROG FIGS LASR interesting
Post Market Movers

Leadership Stocks & Analysis

TSLA
Choppy day with the market. Down/flat after hours slightly on the musk compensation agreement. One to watch for a reversal tomorrow
TSLA chart
AAPL
Fade but held up much better than most
AAPL chart
AMZN
Break lower. 10 ema rising to meet price
AMZN chart
META
Reconfirmation lower
META chart
GOOG
Held up very well above the MAs. Trending
GOOG chart
NVDA
Expansion lower. Not a great look for semis/AI theme
NVDA chart
AMD
Negative expectation breaker and testing the 21ema
AMD chart
PLTR
Sharp reconfirmation lower. Not a great look
PLTR chart
INTC
rejected at the pivot. Holding up for now just under.
INTC chart
MU
Fade off highs, trending
MU chart
VRT
reversal and testing the 21ema
VRT chart
BE
tight day in a range, Expecting expansion tomorrow. Trending
BE chart

Key Moves

DDOG
Strong earnings gap especially compared to the market. 200 ATH above if the market firms up.
DDOG chart
SITM
Not all semis were down but this did fade off highs
SITM chart

Setups and Watchlist

FLS
Watching for a range breakout. Tight above the HVC
FLS chart
INSM
Biotech has been acting well. Swing trade idea on a range breakout
INSM chart
MEDP
watching for a range breakout
MEDP chart
GH
Acted well today, watching for follow through above today's high
GH chart
ILMN
Watching for a range breakout through the HVC
ILMN chart
RIVN
Watching for an HVC reclaim. Good action today. Overall still Stage 1
RIVN chart
LMND
Watching for a range to form or an HVC reclaim
LMND chart

Watchlist & Themes

Today's Watchlist

FLS INSM MEDP GH ILMN RIVN LMND TSLA

Daily Focus List

TSLA LMND DDOG INSM

Universe List

AAPL ALAB AMD AMZN APLD APP ARM BABA BE BKKT CCJ CLSK CRDO CRS DDOG DELL FIX FLS FSLR GGAL GOOG GOOGL GRAL HOOD HUT INOD INSM INTC LEU LMND MDB MDGL MELI META METC MSFT MU NBIS NET NIO NVDA NXT OPEN PATH PLTR QCOM QLYS RGTI RIVN RKLB RMBS SEDG SHOP SNDK SNOW SOFI SOUN STNG STRL STUB TAC TDC TEM TER TWLO U VCYT VRT

Recent Gaps To Watch

TDC QLYS VCYT RIVN U SANM CAH ILMN TWLO NET AMZN RDDT SLDP BE FLS YPF GGAL VIST AMD VICR ISRG PEGA INTC CRS PBF GTX LC MEDP QCOM DDOG LMND XMTR SITM DOCN COHR

Themes to Watch

AI AI ENERGY RARE METALS BIOTECH. OIL AND GAS CRYPTO CONSTRUCTION AI DATA CENTER FABRICATION SOLAR.

Additional Thoughts

Stay vigilant for more weakness. How TSLA acts tomorrow can be a tell, does it sell off on the “good” news. Listen to your trade feedback and sell rules. How we end the week will be key.

Recent Trade Lab Reports

  • xnapper 2025 12 19 16.43.14.png

    Reclaim of the Level to End the Week. Space Theme in Focus
    December 19, 2025
    14 min read

  • Gap Up and Hold. Choppy Action
    December 18, 2025
    14 min read
  • xnapper 2025 12 17 17.58.45.png

    Re-confirmation Down. TSLA GEV Reversals
    December 17, 2025
    13 min read

  • TSLA Breaks Out – Key Upside Reversal Day
    December 16, 2025
    14 min read
TraderLion Footer