Tight Day. Fade off Highs. Active Rally Day 2

Richard Moglen
Richard Moglen

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

Market Trend Status
Trend: 2 of 4 UP
✓ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Fade off highs but overall mostly tight/consolidation type day. We want to see things tighten further or reconfirm. A large down day with a weak close would be a negative.

QQQ
Fade off highs. Tight close
IWM
Same story. Fade and tight close at the key level
IBIT
Fade at the level

Current View: Correction. Rally Attempt at Day 2

Groups/Sectors

Theme Tracker
Ranks
DV Leaders heatmap
S&P Heatmap
POST/Pre
ORCL Gap up in the AI theme

Leadership Stocks & Analysis

TSLA
Downside reversal
META
Tight open to close
MSFT
Having trouble with the 21. Longer term downtrend
AAPL
Rallying towards the 21
GOOG
Tight day. Slight fade off the 21 area
AMZN
Tight day
NVDA
Key Level. 21ema test
SNDK
Slight move above the 21, testing a pivot
MU
Some fade off highs. At the 21
BE
Tight day. Fade off highs
PL
In a range
PAAS
Big fade off highs
RKLB
Still in this range. Fade off highs
XOM
Leaking lower a bit. Overall in the consolidation
GEV
Tight day
LITE
Gap up, fade off highs
AAOI
Some follow through

Key Moves

FIGR
Strong push higher. Big volume. Lock up expiration
BBIO
Biotechs have been popping up more. Theme to keep an eye on

Setups and Watchlist

LUNR
Watching for a range breakout
YOU
Watching for a HVC re-breakout
SHOP
Watching for a range breakout
DELL
Shake to the 10. Watching for follow through
MRNA
Watching for a base breakout
CENX
Watching for a consolidation breakout
STNG
Watching for a flag breakout
NE
Watching for a range breakout

Watchlist & Themes

Larger Watchlist

LUNR YOU SHOP DELL MRNA CENX STNG NE BE SNDK MU

Additional Thoughts

Tight day but with a fade in a lot of names. Need to hold and either tight further or reconfirm.

Recent Trade Lab Reports

TraderLion Footer