Expansion. PLTR Breaks Out
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 13, 2025
Market Action
QQQ – Further expansion higher. Growth names with standout days. Still early in the trend but this feels a bit stretched short term. A pause or shake would help keep the euphoria at bay.
The expectation based on the close and recent action is sideways or higher.
Bulls want to see us follow through up or form a constructive pullback above MAs
Bears want us to reverse lower look to close the recent gap
Daily Chart of the QQQ.
IWM – Very tight day, set up for expansion up or down.
IBIT – Powerful trend approaching highs. Ideally pauses a bit before. Still feels a bit short term stretched
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 Expansion higher, strong but could use a pause (applies to most names)
PLTR Breakout from the range and to ATHs, volume not huge
NVDA Breakout above the 200 sma
META Follow through higher, a bit stretched short term
HOOD Expansion higher, positive news catalyst. Ideally pauses before attempting ATHs
MSTR pullback, expecting a 10ema test
CRWD Some more follow through, watching for a range to form
UBER Follow through up
HIMS Expansion higher
Key Moves
GRAL great swing/day trade opportunity on the range breakout before earnings. Gapping down after hours however
ONON Earnings Beat. Re-breaking out through the IPO ATH
TEM got the reconfirmation
ALAB follow through up
CRWV follow through up ahead of earnings
Setups and Watchlist
ROOT watching for a range breakout
U watching for a range breakout
ONON watching for follow on entries
TTAN tight day, watching for a breakout through highs
AFRM tight day, watching for a breakout move off the pivot
SEI watching for a breakout, tight day. Lagging behind GEV
LOAR shake after earnings, watching to see if it can hold then push out
VRNA tight day, watching for a range breakout
CPNG watching for follow through higher
COIN Watching for follow on entries
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
ROOT, U, TTAN, AFRM, SEI, LOAR, VRNA, CPNG, COIN
Focus:
MSTR COIN TTAN VRNA
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber
Market Thoughts & Focus
Big day for the leaders. Due for a pause/shakeout day. Be mentally prepared and know your spots and goals. If trimming today was a day to take some profits. Let your strongest names work above the moving averages.
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
-
-
Reclaim of the Level to End the Week. Space Theme in Focus
December 19, 202514 min read -
-
