Gap up, Chop
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
October 15, 2025
Market Action
QQQ – Gap up and volatile day but with a decent close. The sell bar last Friday still gives me pause. Bars like that typically precede choppy/corrective periods. However we reclaimed the 21ema.
Bulls want to see us hold above the 21ema at week end and continue trending
Bears want to see us reconfirm down, likely with additional negative news catalysts.
Daily Chart of the QQQ.
IWM – Follow through higher
IBIT – Inside day. Still in this sharp drop.
Trends (3/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Below
Short-term – 21 ema – Above
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders
S&P 500.
Leadership Stocks & Analysis
TSLA – tight upside reversal at the range pivot. Watching for a range breakout
AAPL slight fade at the MAs
PLTR still choppy here in this consolidation. Watching for a breakout.
NVDA Negative action after the gap up. However if it can’t follow through down under the 50sma that will be a positive tell.
META Make it or break it moment for meta.
HOOD inside day but with a poor close on the 21ema. Key level
RDDT still in this range but looking vulnerable unless it can hold here. Unfilled gap above and in a downcycle. Expecting expansion tomorrow
ALAB gap up but sold. So far not much progress down versus yesterday. Below all the MAs and in a downcycle for now.
MSFT tight range here below the pivot. So far has failed to move up the right side.
Key Moves
HIMS strong breakout
AMD range breakout. SNDK strong as well.
SSRM and TARS from the watchlist both strong today
Setups and Watchlist
MU watching for a range breakout
RMBS watching for a range breakout.
MDB watching for a range breakout
Today’s Watchlist in List form
Focus List Names
MU RMBS MDB TSLA HOOD
Focus:
TSLA HOOD MU
Themes
AI, AI Energy, rare metals, gold miners, biotech
Additional Thoughts
Indexes continue to chop around. Most names from the watchlist went today but not many new setups. Semis ripe for expansion one way or another.
Anything can happen, Day by Day – Managing risk along the way
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