Strong Action After the Gap Down – AVGO Up After Hours

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

During uptrends weak opens close strongly. This is what happened today with many names reversing well and closing near highs. Semis and the AI theme look primed for the next move. Now we need to see follow through after the upside reversal action today.

QQQ
Strong close right at the key after testing the 21ema. Looks ready to push out of this range.
IWM
Follow through higher. More new highs.
IBIT
Oops reversal and close at highs. Watching for follow through and start of an uptrend.

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

Current View: Developing Uptrend

Groups/Sectors

Deepvue THEME Tracker
Strong moves from most themes. Miners following through
DV Leaders Heatmpa
Strongs moves off the open
S&P HEATMAP
Financial theme strong as well. Good breadth
Post Movers
Good to see AVGO gapping up. Plus for the AI Theme

Leadership Stocks & Analysis

TSLA
Looks ready for a breakout from the handle.
GOOG
Pulling back today. Trending above the MAs, watching for a bounce
AAPL
Upside reversal in the range. Looks ready to push higher
META
Reclaiming the 21ema. Watching for follow through up
AMZN
Coiled on the moving averages
INTC
Not the strongest look but watching for a push off the 21ema and break of this flag
PLTR
Strong upside reversal, building out a range below the base pivot
NVDA
Gap down but good close. Needs to follow through quickly
AMD
Watching for follow through and range breakout
VRT
Big Shakeout bar. Watching for follow through up
MU
Forming a range on the pivot
BE
Subtle undercut and strong day reclaiming the 21ema
LLY
Tight open to close. Still in a range near the 21ema. Fade off highs
AVGO
Gapping up slightly on earnings.

Key Moves

PL
Strong earnings gap. Actionable on AVWAP Reclaim in the morning
EOSE
Strong outside day and 21ema reclaim. Actionable back up through prior day's low
ALAB
Bottoming base here. Outside day.

Setups and Watchlist

CLS
Watching for a base breakout
CLSK
Watching for a range breakout
BKV
Watching for a range breakout
SEI
Watching for a flag breakout
GRAL
Tight day, watching for a 21ema reclaim
TTAN
Watching for a bounce off the HVC
ESTA
Watching for a range breakout
AEIS
Watching for a range breakout
HOUS
Watching for. a range breakout. Fast mover
RGEN
Watching for a bounce off the 21ema and range breakout
CIFR
Fast mover. Watching for follow through up. Crypto theme
GEV
Watching for a push off the base pivot & HVC Reclaim.

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Watchlist & Themes

Larger List

CLS CLSK BKV SEI GRAL TTAN AEIS ESTA HOUS RGEN CIFR GEV AMD TSLA VRT BE

Daily Focus list

TSLA AMD GRAL GEV

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 DY GEV WGS AMTM EGO KSS FLNC CIFR AEIS BKV LSCC EOSE PL TVTX PARR SEI LLY HCC CLS TTAN HOUS RGEN

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 AEO FROG CRDO MDB CRDO AEO PATH PL PLAB AVGO

Additional Thoughts

We didn’t get follow through up but today gave us another shot at key names off the opening weakness. Still many names coiled. Expecting expansion.

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