Expansion Higher Friday – Setups into Next Week
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
August 23, 2025
Market Action
QQQ – Bulls took charge with a strong move from the inside day and back above the 21ema. The rally was fueled based on dovish news from the Fed. Powell opened the door to potential interest rate cuts, noting rising risks from inflation from tariffs and a weakening labor market.
Bulls want to see us follow through higher and continue to trend above the 21ema
Bears want to see a reversal back down below the 21ema
Daily Chart of the QQQ.
IWM – Wow, strong expansion into new 52 week highs
IBIT – And we got the strong bar off the prior base pivot! Crypto is a key theme to watch for the next week or two.
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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
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA Strong Expansion from the tight inside day. Looking for follow through next week and a breakout from the base
AAPL Positive expectation breaker as it still forms this flag around the 10ema
PLTR Holding the 50sma. Still below the 21. Watching for a base to form here
NVDA Strong positive outside day. earnings upcoming. On gap watch
META strong push from the inside day. This was a pullback back into the 50sma and the prior cup high
HOOD setting up a flat base
RDDT fade off highs but worth watching very closely. back in the range
ALAB tightening a bit. ideally matures the range with a slight pullback
MSFT has been showing relative weakness. On top of the 50sma.
Key Moves
UI earnings gap and move into new highs. This name can trend.
SEDG powerful. 10ema pullback and go
RCL from the watchlist powerful move. Many cruise liners similar.
Setups and Watchlist
ELF watching for a range breakout
MP watching for a range breakout. tight on the 21
DQ watching for a range breakout. Earnings upcoming. Solar theme
PARR watching for a range breakout and follow through after the upside reversal
Today’s Watchlist in List form
Focus List Names
RDDT ALAB ELF MP DQ PARR TSLA
Focus:
MP RDDT ALAB
Themes
Strongest Themes: Software, Crypto, Nuclear Power, Semis, Miners, Cruise Liners
Market Thoughts & Focus
We got the expansion higher. Semis stood out today and will be tested with NVDA earnings upcoming.
Anything can happen, Day by Day – Managing risk along the way
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