COIN MSTR Shake out. Space Theme Shines
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 21, 2025
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Market Action
QQQ – Good close after a the morning pressure. We are above all the moving averages. About 6 days up now so mentally aware for the potential for a pullback/ test of the moving averages
Short Term Expectation based on the close is consolidation or higher – some sideways would be prefered
Bulls want to see build sideways or follow through up
Bears want to see us reverse lower and undercut the moving averages
IWM – Stronger action than the QQQ, good to see this above a rising 21ema, needs to get above the 50
Bulls want to see us continue higher through the 50 or flag out constructively
Bears want to see us reverse lower and test the 21ema
IBIT- Good action and close, would like to see this build sideways before attempting the new high breakout
Bulls want to see us build out sideways here for a few days or follow through up
Bears want to see us reverse lower back to the 21ema
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
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Groups/Sectors
Performance Today from open on the Left, Performance over the past 20 days on the right.
Performance Charts from Deepvue
Deepvue Leaders Heatmap
S&P 500
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Post Market Action – NFLX strong gap out os this base
Leaders and Key Moves
NVDA push through the pivot from the inside day. Would liek to see this put in a range and higher low around the MAs
TSLA sold off on the open but closed decently, tightening in a range here above the 21
RDDT strong breakout
GEV strong bar, earnings tomorrow before the open, I prefer a consolidation before earnings than a run up
PLTR lagging a bit, upside reversal
ALAB gap down and undercut of lows and test of the 50 sma area, decent close see if it can follow through up
MSTR upside reversal and filled that gap, good close
TEM gap higher on pelosi news, highest volume ever, could be the start of a trend for this recent IPO
RKLB space theme was strong today, see DXYZ as well. Great positive expectation breaker example
BE strong push off 21ema and 50sma area
Stocks Setting Up / Holding Up
BROS swing trade type entry above the 10ema
RUM watching for follow through up
MP nice upside reversal watching for follow through
TEAM watching for push through the pivot
SPOT up the right side, could move with NFLX
COIN big upside reversal, would love a tight day then reconfirmation, watching for follow through up. Actionable off the 21ema today
MSTR similar to coin, watching for follow through
QMCO setting up a range, fast swing trade type name
AI notice it setting up a low range, can be a fast mover if it get’s going
TSLA watching for follow through higher
NFLX will watch for the earnings gap, a good test of market sentiment
GLBE actionable today on undercut and reclaim, watching for follow through
TWLO watching for a push from the inside day
ALAB watching for follow through up
Themes and Leaders
Key Themes: Software, AI, Semis. Crypto, Energy. Space
These names have the top RS, growth stories
TSLA GEV RDDT ALAB VST MSTR COIN NVDA HOOD
Market Thoughts & Focus
Good close with many names acting well today. Volatility as expected, we’ll have more of that. Mentally aware that we’re up a bunch of days in a row and we could have a stress test. Grading my holdings and knowing what my plan is for each.
Daily Focus will be on NFLX COIN MSTR ALAB
Anything can happen, Day by Day – Managing risk along the way