
Crypto Theme Leads Good End to the Week – Inauguration Volatility Next
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 17, 2025
Market Action
QQQ – Good end to a very gappy week. We are back above all the moving averages
Short Term Expectation based on the close is consolidation or higher – some sideways would be prefered
Bulls want to see build sideways or follow through up
Bears want to see us reverse lower and undercut the moving averages

IWM – resting at the moving averages, watching for continuation up
Bulls want to see us follow through up through highs and get to the 50 day
Bears want to see us reverse lower and fill the gap below

IBIT- Strong action, gapping and following through
Bulls want to see us build out sideways here for a few days or follow through up
Bears want to see us reverse lower back to the 21ema
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
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Groups/Sectors
Performance Today from open on the Left, Performance over the past 20 days on the right.

Performance Charts from Deepvue
Deepvue Leaders Heatmap

S&P 500

Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right. This is now a preset for Deepvue Members

Leaders and Key Moves
NVDA positive expectation breaker and inside day. Still suspect, do we follow through up or do we reverse down and this turns out to be a lower high

TSLA tried to push higher but faded at the close, still a good end to the week. Would like to see this base develop a bit more and for tsla to remain above the 21ema

RDDT setting up under the pivot, would love an upside reversal or inside day first

GEV strong action, trending

PLTR peeking above the 21ema

ALAB good action, inside day, watching for further development of this base

MSTR strong action with bitcoin moving, we’ll see if this can start trending

SMTC nice additional pos ex breaker

Stocks Setting Up / Holding Up
HIMS big upside reversal, watching for follow through up

RDDT watching for the breakout, ideally pauses first/ shakes out

RKLB weak today but that pivot still valid, or watching for upside reversal on the 50

BILL watching for a break higher from the inside day

GLBE watching for push from double inside

INTA whippy one more of a swing trade name, watching for push higher

ALAB would like this to base more but watching for push from inside day

VST pulling back to the pivot, watching for push higher, think GEV is beast in breed

APP watching for break out off the bottom

UPWK inside day right side of base

AVGO watching for push from the inside day

RBRK watchign for push through the level

SNOW watching for push higher from this level

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Themes and Leaders
Key Themes: Software, AI, Semis. Crypto, Energy. Non Growth: Banks
These names have the top RS, growth stories
TSLA GEV RDDT ALAB VST
Market Thoughts & Focus
Good close to the week. There will be a ton of possible news events next week with the change in administration so ready for more volatility. Names are acting well but still moving up from the bottom of bases for the most part, want to continue to see higher lows for and tightening.
Daily Focus will be on AVGO RDDT
Anything can happen, Day by Day – Managing risk along the way
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