Bouncing into Key Levels

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 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✗ 200 SMA

Market Action

Indexes and Mega caps still leave a lot to be desired. Select names acting well. Still in correction mode. Not in a hurry.

QQQ
Wedging a bit higher. Below the MAs
IWM
Bouncing into the 21ema area. Key Level
IBIT
Gap up, pullback to the level

Current View: Correction

Groups/Sectors

Theme Tracker
Ranks
DV Leaders heatmap
S&P heatmap

Leadership Stocks & Analysis

TSLA
Rejected at the 21ema
META
Downside Reversal
MSFT
Trending Lower
AAPL
In this range below the 21ema
GOOG
Fade off highs
AMZN
Tight on this level
NVDA
Rally into the 21ema. Fade off highs
SNDK
Upside reversal at the base pivot
MU
Weaker, forming out the base
BE
Tight day just below the MAs
PL
Strong day back through the HVC.
XOM
Tight but weaker inside day
GEV
Fade off highs
LITE
Tight day at the level
AAOI
Tight day
FSLY
Trending, ready for a pause?
CRCL
Tight day after the breakdown
DOCN
Great reaction off the 10ema after the offering
NXT
Follow through. SEDG for solars also strong

Key Moves

ARM
Gap on new product with META
FLY
Space names the leading theme

Setups and Watchlist

ASML
Watching for a range breakout
KRMN
Down a bit on earnings, watching for a recovery
NET
Watching for a flag re-breakout
SEI
Watching for a range breakout
WDC
Watching for a range breakout
WDC
Watching for a range breakout
AMPX
Watching for a range breakout
SDRL
Watching for a range breakout. Inside day
BLSH
Watching for a range breakout
YSS
Watching for a range breakout. more spec. Space theme

Watchlist & Themes

RS/Larger WL

ASML KRMN NET SEI STX WDC AMPX SDRL BLSH YSS BE SNDK NBIS

Daily Focus List

NBIS KRMN BE SNDK ASML

Additional Thoughts

We’re at some key levels here for the rally attempt. Make or break it time.

Recent Trade Lab Reports

TraderLion Footer