Crypto Breaks Out!

Market Action

QQQ – Monday Gap up and poor close, I feel like I’ve seen that one before once or twice. still holding up here.
We are near new highs and above all the moving averages. Uptrend.

Short Term Expectation based on the close is consolidation or lower

Bulls want to see us build hear hold near the gap area and then reconfirm higher
Bears want to see us follow through down, close the gap and undercut the 21ema next week

IWM – stronger, gap and go

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

S&P 500

Deepvue Leaders Heatmap

Heatmap from Deepvue

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

Key Stocks in Deepvue

TSLA downside reversal, makes sense as we were short term extended into the level, see if it builds out a flag above the 10ema

NVDA flagging out here above the MAs

IBIT pushing – Bitcoin over 70k after hours

META still near the downward trendline

PRCT earnings gap

HUT positive expectation breaker off the 10ema

DQ solar has been strong

MSTR riding the 10ema. emerging from big pattern

COIN poking above this level again

WOLF swing trade idea off the bottom

COHR tight at the 21ema

UPWK flagging, longer term weak but can make some nice moves

UPST flag

CEG still tight

CCJ nice outside day

SMR breakout. RMV5 was 0 yesterday

Market Thoughts

Not the best index action but things still acting decent. Crypto theme standout today.

Day by Day – Managing risk along the way