Earnings Gappers: DOCS AFRM PINS
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 6, 2025
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Market Action
QQQ – Some more follow through up, nearing where we have pulled back previously within this base. Above all the moving averages
Short Term Expectation based on the close is consolidation or higher.
Bulls want to see us build sideways or a strong rally up
Bears want to see a sharp reversal lower back below the 21ema
IWM – Gap up and reversal down with a decent close
Bulls want to see us build sideways and/or finally break above the 50 sma
Bears want to see us reverse lower back below the 21ema
IBIT- More follow through down, below the key MAs.
Bulls want to see us pop back through the 50sma
Bears want to see us break monday’s low and for the moving averages to roll over
Trends (4/4 Up) – Based on the QQQ
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
Performance Today from open on the Left, Performance over the past 20 days on the right.
Performance Charts from Deepvue
Deepvue Leaders Heatmap
S&P 500
Heatmap from Deepvue
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Post Market Action.
Leaders and Key Moves
NVDA Sharp rally up with a great close. Would expect a higher low to be put in against the MAs
TSLA Undercut and rally of the base lows, needs to follow through up
META Trending above the MAs forming a short range
RDDT Acting well, good close off lows, trending above the MAs
PLTR strong push from the tight consolidation day
CRWD Continuation up
ALAB Downside reversal at the 21ema and gap level, watching for higher low
MSTR more leak lower below the MAs
HOOD Slight downside reversal but trending well
TWLO Still forming this range
TEM Reversal down but in an uptrend, would love a 10ema pullback/tight range
Stocks Setting Up / Holding Up
RBRK tightening at the base pivot, ideally has one last contraction on low volume, watching for reconfirmation up
LULU setting up a base. Some resistance above back to the left. Watching for a breakout
SOUN swing trade idea, pullback into the 21ema. Watching for reconfirmation up
TWLO watching for a push through the pivot
MIDD swing trade idea through the DTL
YPF tight range but below all the MAs, more tracking this one watching for a higher low back through the 21ema
RKLB below the 21ema but still in the overall range
DOCS gapping out of this base on earnings surprise, watching for a gap and go
BABA watching for a break from the inside day and flag
AFRM gapping out of this range on earnings surprise profit
TSLA watching for follow through up
INTA watching for reconfirmation from the inside day
PINS gapping on earnings
Themes and Leaders
Key Themes: Software, Cyber, AI, Semis
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RDDT CRWD HOOD
Market Thoughts & Focus
Some good earnings Gappers to watch for Gap and Gos and as gauges. TSLA Potential Undercut and rally.
Anything can happen, Day by Day – Managing risk along the way