Continued Trend. IBIT Positive Expectation Breaker

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

Market Action

QQQ – Great response today, continuing to trend above the 10ema

Bulls want to see us continue to trend
Bears want us to follow through down sharply

Daily Chart of the QQQ.

Xnapper 2025 07 02 19.51.34 Scaled

IWM – Nice follow through

Xnapper 2025 07 02 19.53.53 Scaled

IBIT – Great example of a positive expectation breaker. Gap and go through the range

Xnapper 2025 07 02 19.55.48 Scaled

Trends (4/4 Up) – Based on the QQQ

Shortest – 10 Day EMA –   Above
Short-term – 21 ema – Above
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising

Groups/Sectors

Deepvue Theme Tracker

Xnapper 2025 07 02 19.56.14 Scaled

Deepvue Leaders Heatmap

Xnapper 2025 07 02 19.56.29 Scaled

S&P 500.

Xnapper 2025 07 02 19.56.42 Scaled

Heatmap from Deepvue

Leadership

TSLA Decent snap back reclaiming the low of the recent range

Xnapper 2025 07 02 19.57.08 Scaled

PLTR inside day again closing below the 21ema. 50sma/10week catching up

Xnapper 2025 07 02 19.57.35 Scaled

NVDA good bounce off the ATH level

Xnapper 2025 07 02 19.58.06 Scaled

META no real bounce today, watching for respect of the prior pivot and 21ema area if it continues lower

Xnapper 2025 07 02 19.58.26 Scaled

HOOD good action. Noticing volume picking up

Xnapper 2025 07 02 19.58.56 Scaled

MSTR positive expectation breaker after the failed breakout

Xnapper 2025 07 02 19.59.46 Scaled

CRWD holding above the 21ema

Xnapper 2025 07 02 20.00.12 Scaled

Key Moves

QUBT pivot breakout

Xnapper 2025 07 02 20.17.50 Scaled

GOGO strong push through the pivot

Xnapper 2025 07 02 20.01.05 Scaled

ORCL strong push off the pivot

Xnapper 2025 07 02 20.01.51 Scaled

Setups and Watchlist

ALAB keeping an eye on this. Watching for a push through the 21ema as long as it continues to build the base

Xnapper 2025 07 02 20.03.55 Scaled

WGS watching for a range breakout, swing trade type name

Xnapper 2025 07 02 20.04.56 Scaled

HIMS watching for a range breakdown

Xnapper 2025 07 02 20.35.45 Scaled

COHR watching for a range breakout

Xnapper 2025 07 02 20.15.20 Scaled

ODD watching for a range breakout

Xnapper 2025 07 02 20.15.47 Scaled

CRWV still could go either way, watching for a break below the 21ema or push higher

Xnapper 2025 07 02 20.16.55 Scaled

ARLO watching for a range breakout

Xnapper 2025 07 02 20.17.33 Scaled

AS, watching for a range re-breakout

Xnapper 2025 07 02 20.35.17 Scaled

Today’s Watchlist in List form

Key Names

NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD

ALAB WGS HIMS CRWV ARLO CRWV ODD AS


Focus:

ODD CRWV

Themes

Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power

Market Thoughts & Focus

Quick snap back and good moves from growth today. Continue to expect a bit more chop as we are heading into a seasonally weaker time of year.

Anything can happen, Day by Day – Managing risk along the way

Recent Trade Lab Reports

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  • xnapper 2025 12 19 16.43.14.png
  • xnapper 2025 12 17 17.58.45.png
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