Character Change
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
April 24, 2025
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Market Action
QQQ – Today we held exactly where we needed too and then Rallied strongly, closing near highs. This feels constructive with multiple watchlist names acting well. The 50 sma and the 200 sma will be key tests above and even if we continue a new uptrend likely there will still be news catalysts to deal with.
We must trade the hand we are dealt while managing risk.
Bulls want to continue higher or tighten sideways letting the 21ema catch up in support
Bears want to reverse down and break below today’s low.
Daily Chart of the QQQ. Notice the key level which lines up with the prior local bottom and the tariff pause high
IWM – Similar action, above the 21ema
IBIT – Inside day, a bit extended short term, ideally flags and lets the 10ema catch up
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Below declining
Longterm – 200 sma – Up – Below declining
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Heatmap from Deepvue
Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right. This is a preset for Deepvue Members
Leaders and Key Moves
NVDA testing the 21ema area. A higher low is in, can we form a higher high
TSLA Testing the range high, 50 sma above
META Holding the gap up just below the 21ema
PLTR The strongest leader I see
MSTR Ideally builds near this pivot area
CRWD Statement day. Today’s lows should hold if this is going to work
TGTX Chopping higher. I have this in the leaders section to represent biotech but will likely remove
GOOG Gapping up on earnings, should help the rally
HOOD acting well holding the 50 sma, approaching the mid point pivot
UBER Re-breakout today
Stocks Setting Up / Showing RS
TEM a bit stretched short term but one to watch on a constructive pullback. Like how funds are investing in this (see data panel)
GEV above the moving averages, ideally tightens here
LOAR I’ve featured this a few times, one to watch on the next tight area. Recent IPO
TTAN another recent ipo to watch for the next pullback, strong RS
CRWV setting up in the ipo base, watching for a pivot break higher through the recent highs. Strong AI related news could move this.
GRPN watching for follow through higher
NFLX stand out action. Can watch for the next pullback
TTWO as well, base breakout
SDGR watching for a breakout. inside day
OKTA watching for a pop through the 50 sma. ZS RBRK also on watch
CERT off the bottom powerful. Watchign for reconfirmation through the inside day highs
GGAL retesting the pivot, watching for reversal up
SPOT watching for a breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD, GOOG TGTX
TEM, GEV, LOAR, TTAN, CRWV, GRPN, NFLX, TTWO, SDGR, OKTA, ZS, RBRK, CERT, GGAL, SPOT
Focus:
TSLA CRWV SPOT
Themes and Leaders
Strongest Themes: BTC, Miners, Cyber?
Market Thoughts & Focus
Feels like a shift the past fews days. Names acting well. However risk must always be managed especially when we are below the 200 sma. Multiple leaders were actionable today and recent positive trade feedback. Think 40-60% exposure would be warranted currently. We’ll see how things close the week.
Anything can happen, Day by Day – Managing risk along the way