Bios, Semis Set Up – Solid 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

Solid week with many opportunities in leaders BE TSLA and strong names. We’re up against the unfilled gap area on the Qs and are due for a bit more of a pause. Semis INTC AMD NVDA in ranges. Bios pulling back or setting up again.

QQQ
Rejected off the unfilled gap area for now. Above the moving averages
IWM
Inside Day with a poor close. Has some air to the MAs
IBIT
Back below the 10ema. Ideally forms a higher low next week

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
Mixed day, some pullback in growth areas
DEEPVUE LEADERS HEATMAP
Miners with downside reversals
S&P 500 Heatmap
Mixed action

Leadership Stocks & Analysis

TSLA
Strong action this week, watching for a range to form before the breakout attempt
GOOG
Trending. Forming a shelf above the MAs
AAPL
Pulling back into the base pivot and prior range area on lower volume
META
I really like how it held up today after the close, Watching for a range to form above the 21ema
AMZN
Tight consolidation day, holding the 50sma
INTC
Pos Ex breaker but poor close. Watching for a range to form
PLTR
Popping through the 50sma
NVDA
tight right on the prior base pivot. Expecting expansion next week
AMD
Rejected at the 21ema for now and back in the range.
VRT
Follow through higher
MU
Constructive bounce to end the week
BE
Solid inside day to end the week. Right below a key level
LLY
21ema pullback
AVGO
Pop higher. Earnings next week

Key Moves

RBRK
Strong earnings gap. One to keep an eye on
IOT
Strong earnings move. Moving off the bottom of a big base
TTAN
Strong earnings move. 200 sma starting to show up for this recent IPO
RDDT
Strong range breakout. I like the weekly look

Setups and Watchlist

DY
Watching for a range breakout
FSLR
Watching for a push off the 21ema
TARS
Watching for a range breakout
ZYME
Fast mover, watching for a range breakout
TXG
Watching for a range breakout
FLS
Watching for expansion higher, ideally contracts first
MDB
watching for follow through higher. Actionable on HVC reclaim
AMTM
Watching for a range re-breakout
EGO
Watching for a range breakout. Many downside reversal back into ranges from this theme
WGS
Watching for a push off the 10ema and flag breakout
CLS
Whippy base, watching for expansion from the tight day
TVTX
Watching for a range breakout
GRAL
Watching for a base re-breakout
HUT
Watching for a pop through the 50sma. Crypto theme
LMND
Watching for expansion through the HVC area
CVNA
Added to S&P 500. Watching for a day 1 move, high short interest

Watchlist & Themes

Larger Watchlist

DY FSLR TARS ZYME TXG FLS MDB AMTM EGO WGS CLS TVTX HUT LMND CVNA NVDA INTC AMD BE

Daily Focus List

TVTX AMD INTC NVDA

Additional Thoughts

Positive feedback from recent trades and the watchlist. We’ll see what next wing brings.

Recent Trade Lab Reports

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