NVDA Gaps Up on Earnings. AI Theme Back in Play?

Richard Moglen
Richard Moglen

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

Market Trend Status
Trend: 1 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

We tried to follow through up after yesterday’s reversals but did fade off highs. We’ll see if NVDA can create some positive momentum.

QQQ
Attempted follow through up but a bit of a fade off highs as it tested the 50sma area.
IWM
Weaker bar than the QQQ. Below the MAs
IBIT
Follow through down getting stretched. Gapping up after hours.

Trends 1/4 Up – based on the QQQ

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

Groups/Sectors

THEME TRACKER
Semis popping up as the 2nd strongest group today
Theme Bubble Chart
SMH stands out.
Deepvue leaders
S&P
Post Market Movers
NVDA up 4.8% on 33% Daily Avg Volume. AI theme up as well

Leadership Stocks & Analysis

TSLA
Forming a range here. Watching for a range breakout & reclaim of the base low
AAPL
Forming a range on the 21. Some fade off highs
AMZN
Large upside reversal, potential short term momentum change
META
Still in a downtrend, good close today.
GOOG
Still the strongest mega. Fade off highs but good day. Released new AI model
NVDA
Gapping up on Earnings above the 21ema.
AMD
Gapping up slightly with NVDA. Watching for a 21ema reclaim
PLTR
Downtrend but tightening a bit. Below the MAs
INTC
Reclaim of the prior level, watching for follow through
MU
Good push off lows. At the 21ema
VRT
Gapping above the 21ema after hours
BE
Tight range. Gapping up after hours.

Key Moves

EXAS
Strong move on potential takeover
GRAL
Follow through higher

Setups and Watchlist

BBIO
Watching for an inside day range breakout
COMP
Watching for a range breakout
FLNC
Watching for a pop above the 21ema. Fast mover
GMED
Watching for a range breakout
TDC
Watching for a range breakout
VICR
Watching for a push off the 21ema. Fast mover
FLS
Watching for an HVC Reclaim
TER
Watching for an HVC reclaim

Watchlist & Themes

Daily Watchlist – Semis & AI Theme in focus

BBIO COMP FLNC GMED TDC VICR FLS TER NVDA AMD TSLA BE

Daily Focus List

AMD NVDA TSLA BE

Universe List

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

Recent Gaps

APPN TDC AKAM GCT FROG PGNY 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 HAE APPN HCC EXPE PLNT PAM GH VIAV AMGN TXG ROK BBAI OPEN

Additional Thoughts

Semis and AI names in focus tomorrow. See how the gaps get handled. Looking for a strong close. Can use some AVWAP reclaims as entry tactics to play gap ups while managing risk.

Recent Trade Lab Reports

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