21 EMA Test – Expectation Breaker

Market Action

QQQ – negative move lower undercutting yesterday’s low – the bearish scenario. Now the bulls have to make a stand and hold that MA.

Short Term Expectation based on the close is lower or consolidation

Bulls want to see a quick snapback above the key level
Bears want to see us follow through lower and break the 21ema

IWM – also testing the 21ema

Trends (3/4 Up)

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

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Groups/Sectors – % Change

From yesterday’s close on the left, from today’s open on the righ

Performance Charts from Deepvue

Deepvue Leaders Heatmap

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA below the 21ema and retesting the AVWAP

BEKE FUTU … chinese names continue to surge in price and volume

HIMS pushing up the right side

VST pushing a bit from short flag

SE reconfirmation. low risk entry was tight range near 21ema

VITL setting up a range up the right side

CEG nice action, through early pivot

INTA range against 21ema. That was a sharp break

ZG & Z orderly flag

RDFN similar

BLDR flag

EME 10 ema pullback post base breakout

VRT against 10 ema

MELI 21ema pullback.

TOST supported at the base pivot

RH upside reversal

RDDT upside reversal, like this look. Watching for follow through now

KNF upside reversal, 10 ema

ANET at base pivot

OSCR at 21ema

NAIL noticing homebuilder theme so this is a way to play the group move if it happens

CART Inside day

GGAL 21ema pullback, see if it can push higher

TEM still respecting that level, compressing against the 21ema

ONON 21ema pullback

CAVA against 21ema

IOT 21ema test

PLTR range on 10 ema

ALAB towards the 10ema

Market Thoughts

Lots of names flagging into their 10 and 21 emas. Encouraged.

Day by Day – Managing risk along the wa