COIN, TSLA Gap up as QQQ Hits All Time Highs

Market Action

QQQ – Strong Gap and go to new highs after the election. Net new highs breakout as well

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us follow through up higher and close the week strong
Bears want to see us reverse down sharply

IWM – strong gap and go following through

Trends (4/4 Up)

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 – % Change

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

Performance Charts from Deepvue

Deepvue Leaders Heatmap

Heatmap from Deepvue

Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right

Key Stocks in Deepvue

NVDA expansion up – note the positive expectation breaker

TSLA gap, fade, and go

TSLA 5 min – the min bases could have given you about a 3% cushion into the close

COIN powerful gap and go. Crypto was the strongest theme in pre-market

COIN 5 min. Good cushion if you bought off open or from the intraday base post gap

IBIT gap and strong close

TEM strong follow through

PLTR strong follow through

HOOD pos expectation breaker. thought this would reconfirm down

LMND gap and go, from yesterday’s report

POWL strong expansion, low risk buy point was near the 21ema and tight range

PRCT tightening, a bit wedgy

RDDT decent action after yesterday’s strong bar

RBLX needs to tighten but still in the flag

SE upside reversal under the 21ema

ALAB strong close after a shake of the trees

VST once to watch on earnings tomorrow before the open

LYFT strong gap on volume after hours. Day 1 tomorrow

Market Thoughts

Many strong gaps at the start of a potential new market cycle. See if these flag our or power higher. regardless stay disciplined and find your low risk entry points. Also need to see how the market handles the fed and closes the week.

Day by Day – Managing risk along the way