Follow Through Up
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 2, 2025
Market Action
QQQ – Follow through higher. Expectation is an expansion from this recent range.
Bulls want to see us trend higher
Bears want us reverse back lower below the 10ema
Daily Chart of the QQQ.
IWM – Upside reversal with a strong close
IBIT – Very tight day at the 21. Potential for a reversal back higher
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 Upside reversal after pulling into the recent higher low/21ema area
PLTR Tight close day
NVDA inside day
META Strong expansion higher after the upside reversal
HOOD Breakout from the base
MSTR testing the range pivot
CRWD Break above the range
UBER forming a range against the base pivot
HIMS Tight day
Key Moves
TEM powerful break higher form the 2 day range
GRPN expansion higher as it trends
FROG strong outside day
Setups and Watchlist
ECG watching for a flag breakout
COIN watching for a range breakout off the 21ema
IBKR watching for a range breakout
NUTX very fast mover, watching for a range breakout
RDDT forming a range within the bottoming base
STRL watching for a range breakout
ONON watching for a range breakout
OS watching for a range breakout
LEU watching for a range breakout. tight day
LEU watching for follow through higher
BROS watching for a consolidation breakout
NRG watching for a consolidation breakout
DUOL watching for a consolidation breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
ECG COIN, IBKR, NUTX, RDDT, STRL, ONON, OS, LEU, BROS, NRG, DUOL
Focus:
TSLA PLTR LEU HIMS
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber,
Market Thoughts & Focus
Strong action today and good looking setups, watching for follow through up.
Anything can happen, Day by Day – Managing risk along the way
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