Downside Reversal, Ranges Forming

Richard Moglen
Richard Moglen

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

November 12, 2025
10 min read
Market Trend Status
Trend: 4 of 4 UP
✓ 10 EMA ✓ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

Downside reversal day as growth continues to pull in/range build. Miners/Metals have been the strongest theme which typically isn’t a great sign for growth stock traders. Biotech continues to act well. Mixed action from recent trades and the watchlist. AMD gap today is good to see. Continues to act better than NVDA recently.

QQQ
Gap up, downside reversal but a good push off lows as we continue to form a range here
QQQ chart
IWM
Another rejection of the level with a downside reversal.
IWM chart
IBIT
Rejected at the 10ema again. Looks to test the prior lows. However if we have a strong day tomorrow it would be a positive expectation breaker
IBIT chart

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

THEME TRACKER
More rotation into precious metal themes
THEME TRACKER
Deepvue Leaders Heatmap
Deepvue Leaders Heatmap
S&P 500 Heatmap
S&P 500 Heatmap
Post Market Movers
CSCO Up. FLY Defense/Space Theme
Post Market Movers

Leadership Stocks & Analysis

Testing the 50sma within this base. Watching for a bounce higher and pop through the 21ema
chart
AAPL
Consolidation day
AAPL chart
AMZN
Expansion down from the tight day. Testing the 10ema area
AMZN chart
META
Similar, break lower. Bulls want to see a pos ex breaker.
META chart
GOOG
Trending, testing the top of the range
GOOG chart
NVDA
Another tight day. Tip toeing on the 21ema. expecting a wide range day tomorrow
NVDA chart
AMD
Gap and hold higher on positive comments by the CEO regarding data center growth
AMD chart
PLTR
Move lower from the inside day at the pivot. This is becoming a sloppy base
PLTR chart
INTC
Very tight, watching for a range breakout
INTC chart
MU
Trending
MU chart
VRT
2nd close below the 21ema now
VRT chart
BE
Upside reversal off the bottom of the range nad 21ema
BE chart

Key Moves

BBAI
Reclaiming the 21ema. Secondary AI theme name
BBAI chart
AU
Strong action from this theme, short term extended
AU chart
GSAT
Strong follow through, getting a bit short term stretched
GSAT chart

Setups and Watchlist

GGAL
Watching for a range breakout
GGAL chart
GH
Watching for a range breakout
GH chart
ILMN
Watching for a range breakout through the HVC
ILMN chart
KLAC
Watching for a range breakout
KLAC chart
PATH
Watching for a range breakout off the 50sma
PATH chart
FLS
Watching for a range breakout. Make or break moment
FLS chart
GRAL
Watching for a range re-breakout. Very fast mover. Swing trade mindset
GRAL chart
TER
Watching for a range breakout from the inside day. Recent Gapper
TER chart
LMND
Downside reversal today. Watching for a range re-breakout through the HVC
LMND chart
SANM
Watching for a range breakout
SANM chart

Watchlist & Themes

Daily Watchlist

GGAL GH ILMN KLAC FLS PATH GRAL TER LMND SANM TSLA BE INTC

Daily Focus List

TSLA BE INTC SANM

Universe List

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

Recent Gaps to Watch

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

Additional Thoughts

Themes to track:

AI, Semis, AI ENERGY, Miners, RARE METALS, BIOTECH & Pharma, OIL AND GAS, CRYPTO, AI Data Centers, Solar, EV/Robotaxi, Satellite/Space

Growth not making too much process but range building/pulling back

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
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