Crypto Positive Expecation Breaker
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
December 6, 2024
[kt_reading_time]
Market Action
QQQ – Strong push to end the week, strong trend
Short Term Expectation based on the close is consolidation or higher – a bit short term stretched
Bulls want to see us constructively move sideways or continue higher
Bears want to see us reverse hard downwards
IWM – Weaker, inside day within the pullback
Bulls would want to see us resolve higher from the inside day
Bears want to see us break downwards
IBIT- no follow through down and inside day, positive action
Bulls want to see continuation higher or basing sideways
Bears want to see follow through lower and acceleration to the downside
Trends (4/4 Up)
Shortest – 10 Day EMA – Up Above Rising
Short-term – 21 ema – Up Above Rising
Intermediate term – 50 sma -Up Above Rising
Longterm – 200 sma – Up – Above Rising
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Groups/Sectors
Performance Today on the Left, Performance over the past 20 days on the right – Crypto theme leading
Performance Charts from Deepvue
Deepvue Leaders Heatmap
S&P 500
Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right. This is now a preset for Deepvue Members
Post Market Movers. ASAN RBRK DOCU GTLB up, PATH IOT down
Key Stocks and Moves in Deepvue
NVDA retest of the 21ema
TSLA standout action, strong close, watching for constructive flag out and reconfirmation now
META great action this week
AMZN great action, getting a bit stretched in the very short term but very strong
MSTR tight day but lagging a bit the crypto theme
COIN positive expectation breaker and re-breakout, constructive action
RDDT new highs
PLTR riding the 10ema, extremely strong
ASAN earnings beat, HV1 year great close, adding to gappers
DOCU earnings gap
RBRK recent ipo and HVIPO, short term stretched but liekly a stock to watch for the next few months at least. Has not really had it’s institutional due diligence phase
LULU earnings gap, off highs
APP riding 10ema
Stocks Setting Up
GTLS swing trade setup
OWL tight and upside reversal
SNOW tight range
TGTX swing trade setup
VST still setting up a range here
CG tight on the 21ema
TSM want a bit more of a flag out here, let the 10ema catch up
EXEL setting up another base
BE just above this range, I like how this is acting
QMCO still set up for a powerful leg higher but more speculative
VRT near the top of this range after 21ema pullback
GAP set up in this range, hot theme, not the best larger pattern
LEU Low cheat but swing trade type name, watching for wedge pop through the 21ema
MRVL tightening, watching for post gap u turn
RH 10ema pullback, longer term pattern could be setting up stage 2 breakout
NNE tight at 21ema, theme looks primed, pivot would be two prior highs
NVCR watching for u turn
SMTC upside reversal, actionable off 10ema today, watching for follow through upo through the pivot
CRS tight and upside reversal
PSTG double inside post gap
URBN watching for pullback or range build
GEV tight upside reversal below the pivot
MSTR tight day, likely expands one way or another monday, likely with a gap
YPF 10ema flag
INOD tight range near the high pivot
GEO tight action below the pivot
WGS downside reversal but still setup
XPEV speculative but powerful looking setup
CXW tight area on the 21ema post gap
AX setup again at the pivot for a swing. upside reversal
Themes and Leaders
Key Themes
Crypto, Fintech, Software, AI, Semis, Alt Energy
These names have the top RS, growth stories
TSLA PLTR HOOD MSTR COIN RDDT APP DUOL NVDA AXON FTNT DASH SHOP GEV VST VRT
Recent Earnings gaps and powerful moves
These names are good to watch for pullback spots
AAOI APP AXON BROS COIN GEO IONQ UPST TEM BILL DOCS FRSH LUMN ALAB PLTR SOUN LYFT TSLA HOOD POWL Z AX AMSC LUNR PLNT TOST CRDO COHR RDDT RKLB TRMB VST WVE CEIX LMND MSTR SOFI VRT FTNT MCK DFS MLI CADE HIMS MARA HUT ROOT CRS FHN HQY PODD UPWK GEV OKLO NTNX DOCU FN DUOL GDS FOUR SHOP RKLB SNOW ESTC SMTC PSTG OKTA MRVL GAP NVCR RBRK ASAN DOCU
Market Thoughts & Focus
Nice recovery from crypto theme. Getting a bit stretched short term on QQQs so mready for some pullback if that comes
BE INOD likely my daily focus list next week – have plenty of leaders so still not too pressed to add more exposure.
Anything can happen, Day by Day – Managing risk along the way