Gap up. Fade off highs.

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

Market Trend Status
Trend: 4 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✗ 200 SMA

Market Action

Gap up on some news from Trump about good talks with Iran. The market faded the gap somewhat. Select leaders continue to act great and trend. General market still below key levels and MAs. Still a volatile, gappy market.

We’ll see how the week plays out and if we can form a higher low. View remains correction.

QQQ
Gap up but fade off the 200sma and key level.
IWM
Big fade off highs.
IBIT
Wedging up into the 21ema area. Fade off highs

Current View: Correction

Groups/Sectors

Deepvue Theme Tracker
Miners and Oil names strongest off the open
Ranks
DV Leaders Heatmap
S&P heatmap

Leadership Stocks & Analysis

TSLA
Pos ex breaker. Below all the MAs. Needs to form higher lows
META
Pop back above the level
MSFT
Below the MAs
AAPL
Big gap up. Fade off highs
GOOG
Gap up. Testing the level again
AMZN
Gap up to the level. Fade off highs
NVDA
Gap up. Fade off the 200sma
SNDK
Pullback to the base pivot
MU
Negative day, break below recent lows
BE
Similar. Break below the prior base pivot
PL
Strong action after testing the base pivot area
XOM
Strong upside reversal
GEV
Fade off highs
LITE
Tight inside day
AAOI
Good action off the HVC level and 21ema
FSLY
So strong. Trending and reconfirming
CRCL
Tightening on the 10ema

Key Moves

YOu
Strong range breakout
MOD
Range Breakout

Setups and Watchlist

DHT
Watching for a range breakout
VRT
AMPX
NBIS
HIMS
BLSH
GLW
VAL
NE

Watchlist & Themes

Larger List

DHT VRT AMPX NBIS HIMS BLSH GLW VAL NE BE SNDK PL CRCL AAOI

Daily Focus List

GLW AAOI PL CRCL

Additional Thoughts

Gap up and fade but we’ll see how we go from here. Watch for stocks showing RS and build a daily RS list.

Recent Trade Lab Reports

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