Fade off Highs – Market Still Coiled

Market Action

QQQ – tried to follow through but faded at the pivot

Short Term Expectation based on the close is consolidation or down

Bulls want to see this break out to the upside with a statement bar on big volume.
Bears want to see us break lower and undercut recent daily lows

IWM – negative action, pulling towards the 21ema, want to see it build a range there and rally up.

Trends (4/4 Up)

Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Declining
Longterm – 200 sma – Up – Above Rising

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Key Stocks in Deepvue

NVDA some follow through but not definitive close. Bulls want to see this flag out sideways and then reconfirm higher testing the august highs

NFLX tight consoldation day

DUOL strong push on some price target raises. The low risk buy points were back in the consolidation at the tight areas. Trending now

VST still expanding higher, watching for a tight range, pullback to 10ema

CEG push from tight day through the HVC and off the AVWAP from the gap up

AMD pushing slightly from the range. Reclaiming the 200 day

AES right group, forming a handle. NRG also strong

RDDT push through short range

RBLX tried to follow through after pushing through big weekly level, but faded

CART pulling back to the 10ema, base high

MELI nice action off 10ema

NTNX short flag at level

META thing this is just starting a trend from large base but fade from highs and could use a pause

CAVA pulling into the 10ema

KVYO tightening here in a range

PRCT tight at the 21ema, better setup then up near highs. See if it can push higher

S building higher lows, nice drift into the 10ema recently

ONON forming a range above the 10ema

ORCL fade and close at lows after failing to push the pivot. Aginst yesterday highs. Still like overall look.

IBIT no follow through up but still tight in this range

COIN setting up a low pivot

FSLR feels like its wearing everyone out near this pivot. Good one to keep an eye on as it can really trend

MU gapping up after hours could lift semis

Market Thoughts

Kind of a meh day, no big follow through. Still in the range

Day by Day – Managing risk along the way