Undercut and Rallies. Watching for Follow Through

Richard Moglen
Richard Moglen

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

November 9, 2025
11 min read
Market Trend Status
Trend: 2 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

Last week we pulled in sharply down to the 50sma. On Friday we had another weak open but reversed around 12pm ET and closed strongly with the indexes and many names closing near highs. From recent highs we were down close to 6% to Friday’s low. We are below the 10 and 21 ema what what will be key is if we get follow through higher this week or reverse lower. Net new highs/lows have been negative for the first time consistently since the start of the April correction.

QQQ
Strong upside reversal friday. Below the key 21ema
QQQ chart
IWM
Strong Oops reversal friday but below the MAs
IWM chart
IBIT
Potential base bottoming process. No follow through lower near the 200sma. If we rally watch the crypto theme.
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
Crypto top theme friday.
THEME TRACKER
Deepvue LEaders Heatmap
Strong action by end of day Friday
Deepvue LEaders Heatmap
S&P heatmap
S&P heatmap

Leadership Stocks & Analysis

TSLA
Bounce attempt off the 50sma and prior support area friday. News catalyst Thursday did not boost the stock much. Overall one to focus on closely either off the 50sma or if it firms up within this 12% deep base.
TSLA chart
AAPL
Has held up well above the 10ema. recently forming a range
AAPL chart
AMZN
Upside reversal off the 10ema area. One to watch on follow through
AMZN chart
META
has been pulling back after the earnings gap down. Upside reversal
META chart
GOOG
Forming a range against the 10ema. Overall trending
GOOG chart
NVDA
Sharp selloff this week after breaking below the 10ema. But also a strond reversal up friday. Earnings coming mid november.
NVDA chart
AMD
Below the 21ema but an upside reversal. Watching if it can reclaim that MA
AMD chart
PLTR
Upside reversal in teh context of a short term downtrend. Friday's low is a key level to hold.
PLTR chart
INTC
Holding up much better than most tech names. Watchign for a pop from this range.
INTC chart
MU
Still trending powerfully
MU chart
VRT
Upside reversal, below the 21ema
VRT chart
BE
upside reversal, overall range building since the earnings gap up
BE chart

Key Moves

GCT
Strong earnings move
GCT chart
FROG
Earnings gap with a strong close.
FROG chart
EOSE
Strong Breakout
EOSE chart
COIN
Big Upside reversal. Current Reversal Extension
COIN chart

Setups and Watchlist

BEPC
Energy theme. watching for a range breakout
BEPC chart
PRM
Watching for a post gap range breakout. Metals theme
PRM chart
TNK
Watching for a range breakout
TNK chart
GH
Watching for a post gap range breakout from the inside day
GH chart
ILMN
Also watching for a post gap range breakout from the inside day
ILMN chart
FLS
Watching for a range breakout following through the upside reversal high.
FLS chart
VIAV
Watching for a post gap range breakout
VIAV chart
TARS
Watching for a range breakout. Like the overall weekly structure
TARS chart
LBRT
Watching for a flag breakout
LBRT chart
GSAT
Fast Mover, Satellite Theme. Watching for a range breakout
GSAT chart
RMBS
Watching for a base breakout
RMBS chart
PARR
Watching for a range breakout. Inside Day
PARR chart
FLNC
FAST mover, watching for a range breakout
FLNC chart
PL
Watching for a pop through the 21ema
PL chart

Watchlist & Themes

Today's Watchlist

BEPC PRM TNK GH ILMN FLS VIAV TARS LBRT GSAT RMBS PARR FLNC PL BE INTC TSLA

Daily Focus List

TSLA INTC FLS RMBS

Universe List

AAPL ALAB AMD AMZN APLD APP ARM ASTS 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 TXG U VCYT VRT

Recent Gaps To Watch

AMD AMZN INTC QCOM BE ISRG RDDT DDOG AMGN RIVN NET COHR CAH EXPE U TWLO GH CRS ILMN LMND MEDP GGAL AKAM FLS DOCN PLNT SLDP YPF SANM SITM PEGA PBF VIAV VIST GTX FROG HCC VICR QLYS HAE LC XMTR TDC PAM VCYT TXG PGNY APPN GCT

Themes to Watch

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

Additional Thoughts

The expectation is follow through higher early next week. Friday’s lows are key levels to trade against. Seeing lots of recent earnings gappers setting up, how those act next week will be a great tell for the risk appetite.

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