Gap Reversal Warnings. RDDT Gap
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
August 1, 2025
Market Action
QQQ – The gap up was sold into. Large reversal. Potential for a trend change if we follow through down and break the 10 and 21 emas.
Bulls want to see us hold the 10ema area and continue to ride the MAs higher. A strong upside reversal to end the week would be ideal
Bears want to see follow through down breaking below the 10ema and testing the 21
Daily Chart of the QQQ.
IWM – closing below the 21ema
IBIT – Weird print. HOD is 67.5. Still a fade at the pivot
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above
Short-term – 21 ema – Above
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 no follow through up, closing below the 21ema.
PLTR still coiled in a tight range, likely won’t make a meaningful move before earnings.
NVDA downside reversal. trending above the MAs. potentially the start of a consolidation
META Gap up, middle close.
HOOD fade off highs. Mixed reaction after earnings. Holding above the 21ema
MSFT close at lows after the gap up
MSTR fade off the 21ema
CRWD near range lows, needs to make a stand
Key Moves
APLD gap up on earnings
RDDT good close. Gapping up after hours on beat
Post Market Movers
Setups and Watchlist
AVAV watching for a range breakout
COIN watching for a range breakout
JOBY HTF developing
MP watching for a range breakout
CRCL tight. Ripe for expansion. Watching for a 21ema pop or breakdown
Today’s Watchlist in List form
Focus List Names
AVAV COIN JOBY MP CRCL
Focus:
RDDT COIN
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
HOOD still a good gauge, see how it ends the week. Going to be picking spots very carefully if getting more involved. Not great seeing MSFT sell off.
Anything can happen, Day by Day – Managing risk along the way
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