Strong End to the Week

Richard Moglen
Richard Moglen

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

Market Trend Status
Trend: 4 of 4 UP
✓ 10 EMA ✓ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

The Market continues to shape up and I view this as an early uptrend. Recent trades have provided good feedback. We are now about 5 days into this bounce. Expecting a pause soon and mentally ready for a “stress test day” a sharp gap down or large negative day. How your portfolio and watchlist names act on that type of day gives serious clues about leadership and RS. Ideally your names hold or recover quickly from a general market stress test. This test often comes with a “negative” news catalyst. These type of days can also be opportunities to add or start positions in leaders/top names off the open with low risk. Watch the stocks and how they are shaping up, avoid opinions.

QQQ
Strong action into the week's close. On any constructive pullbacks watching for a hold of the level and 21ema
IWM
Continues the strong action, good for the larger market. Due for a pause soon.
IBIT
Downside reversal after the gap. Constructive action now would be tightening below the 21ema and a higher low.

Trends 4/4 Up – based on the QQQ

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

Groups/Sectors

DEEPVUE THEME TRACKER
Miners stood out friday. Strong action from semis and software themes
Deepvue Leaders Heatmap
Semis and Miners strength here as well. INTC in focus
S&P heatmaP
Semis, Software, Oil & Gas

Leadership Stocks & Analysis

TSLA
Bumping into the 50sma after the push off lows. Watching for a constructive range or pop through.
GOOG
Trending. Forming a range and letting MAs catch up
AAPL
Forming a range near highs.
META
Good action off the bottoming range, above the 21ema. Watching for a gradual rally into the 200sma and gap area
AMZN
Peeking above the 21ema. Expecting a range to form below the base pivot
INTC
Strong follow through and base re-breakout. one of the top semis. 21ema pop entry the day before.
PLTR
Bouncing heading towards the declining 21ema. Expecting a pause there
NVDA
Choppy still, not the best acting semi. needs to tighten. and push out of this base
AMD
Some follow through after the undercut. Watching for a 21ema reclaim
VRT
Nice action friday popping through the 21ema.
MU
Drifting higher.
BE
bounce into the 21ema, looking for a higher low
LLY
Pullback friday. overall trending above the MAs.
AVGO
Very strong action. Expecting a pause and then trend continuation

Key Moves

PAAS
Strong moves from miners. AG as well
CRLC
The bottoming ranges I saw have resolved up

Setups and Watchlist

BTU
Watching for a range breakout and pop above the 21ema
FROG
Watching for a range breakout or undercut and rally of the HVC level
INSM
Watching for a range breakout
KYVO
Watching for a range breakout
LRCX
Watching for a range breakout
LUMN
Fast mover, watching for a range breakout and pop higher.
REAL
Retail has been a theme. Watching for a range breakout reconfirmation
RMBS
Watching for a range breakout and 21ema pop
TDC
good action from the range breakout entry, watching for reconfirmation
UPWK
Watching for a post gap range breakout.
VICR
Feels primed, watching for a range breakout. Fast mover
NXT
Watching for a range breakout, 21ema pop
SANM
Fast mover, watching for a range breakout
INOD
tight action, watching for a bottoming range breakout
GSAT
Small and speculative. Watching for a range breakout
JAZZ
Watching for a range re-breakout
APPN
Watching for a post gap flag breakout
COLL
Tight day, watching for a range breakout
ESTA
Watching for a range breakout
SMTC
Watching for a base breakout
OPEN
Watching for a range breakout up the right side
DOCN
Watching for a range breakout
LMND
Watching for an HVC breakout. ideally pauses more here
SNDK
Watching for a range breakout
RDDT
Watching for a rang breakout. Could consolidate a bit more

Watchlist & Themes

Larger Weekly Watchlist

BTU FROG INSM KYVO LRCX LUMN REAL RMBS TDC UPWK VICR NXT SANM INOD GSAT JAZZ APPN COLL ESTA SMTC OPEN DOCN LMND SNDK RDDT TSLA

Daily Focus List

NXT RMBS VICR RDDT SNDK

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 RDDT ANF BTU FROG LRCX LUMN REAL UPWK VICR SANM INOD GSAT JAZZ APPN COLL ESTA SMTC DOCN TSLA

Recent Gaps

AKAM AMD AMGN AMZN ANF APPN BBAI BE CAH COHR CRS DDOG DOCN DY 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 AMTM OPEN DY ANF UPWK TDC

Additional Thoughts

Noticing a lot of tight areas and expecting expansion early next week (ideally we pause 1-2 days first). The indexes themselves could use a bit of a break but the market looks constructive here. Planning to continue to add exposure as I’ve gotten good feedback from recent trades and watchlists.

Leading themes I’m focused on: AI, Semis, Datacenters, Biotech, Solar, Software, Miners, Oil & Gas

Recent Trade Lab Reports

TraderLion Footer