CRCL Breakout
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 7, 2025
Market Action
QQQ – pullback today back below the most recent pivot. Continuing to trend above the moving averages
Bulls want to see us continue to hold above the 10ema
Bears want us to break below the 10ema sharply
Daily Chart of the QQQ.
IWM – sharp reversal lower
IBIT – follow through down after the fade, below the pivot
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
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA gap down, not what you want to see. Looks like Elon is continuing to be involved in politics
PLTR strong push higher off the 21ema area
NVDA tight day, slight fade yesterday
META tight action above the recent pivot and 21ema area. Needs to hold
HOOD tightening and in trend
MSTR slight follow through lower
CRWD gap down but overall higher day above the 10ema
Key Moves
CRCL strong push from the range
CRCL 5 Min. Range Reclaim and AVWAP reclaim opportunities.
U strong follow through
Setups and Watchlist
APP watching for a pop through the 21ema
HIMS watching for follow through up. For fast traders
ODD watching for a range breakout
LMND watching for a range breakout
ALAB watching for a 21ema breakout
LIF watching for a breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
APP HIMS ODD LMND ALAB LIF
Focus:
HIMS LMND ALAB
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Just trending action. Charts look a bit better today than yesterday.
Anything can happen, Day by Day – Managing risk along the way
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