Consolidation Day – Close off Lows
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
April 28, 2025
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Market Action
QQQ – We pulled back today before constructively closing off lows. Some pause here is a positive as we are approaching the key 50 sma. Growth names acted well and similarly put in upside reversal bars.
We are at a key level for this rally.
Bulls want to continue higher or tighten sideways letting the 21ema catch up in support
Bears want to reverse down off the 50sma area and break below the 21ema
Daily Chart of the QQQ.
IWM – Similar action. Also at a key level
IBIT – Approaching the lows of a congestion zone looking to the left. Upside reversal. Some sideways on declining volume would be A+
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. Software, Semis, Oil and Gas Stand out
Leaders and Key Moves
TSLA constructive upside reversal
PLTR great close. #1 Growth name
NVDA inside day at the 21ema. Still below the 50 and 200 sma
META good to see it holding the 21ema
MSTR Strong. Consolidation day closing well off lows
CRWD tight day, constructive
TGTX approaching the consolidation highs. Ideally tightens here before the breakout attempt
GOOG looking to see this hold the 21ema
HOOD Downside reversal but mostly consolidation
UBER I like this action, tightening.
Stocks Setting Up / Showing RS
ROOT more for a quick swing trade setup watching for follow through high
SDGR needs to hold the 10ema area, watching for a breakout
TEM watching for it to hold here and reconfirm
HIMS watching for a reclaim of the 21ema
CRWV watching for a break higher from the range
SPOT watching for it to hold the 10ema on weakness and re-breakout
EAT watching for follow through
GGAL watching for re-confirmation higher
BULL another ipo to watch carefully for faster traders. Gap and Go or tight range breakout
TMDX Downside reversal, watching for it to hold the 10ema and rally up
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD, GOOG TGTX
ROOT, SDGR, TEM, HIMS, CRWV, SPOT, EAT, GGAL, BULL, TMDX
Focus:
CRWV EAT but not feeling too agressive
Themes and Leaders
Strongest Themes: BTC, Miners, Cyber Software
Market Thoughts & Focus
Pause today. Ideally we consolidate some more and then earnings season could provide some fresh momentum. On a pullback you would want to see things hold their 10emas if trending now or 21emas if still building.
Still mentally prepared for a large down day stress test. We did pull in today but things closed well.
Know the cushion you have in positions and how you would handle each if things drop in a morning down 3% plus. A move lower would be a chance to add slightly to core positions or top ideas. How key names like PLTR TSLA CRWD act on a big red day will give us valuable information about the strength of this rally.
Earnings season is getting underway which could provide some great gapper opportunities up the right sides of bases
Anything can happen, Day by Day – Managing risk along the way