Holding the 10ema. Some Leaders Below their 21s
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 24, 2025
Market Action
QQQ – Follow through down today but so far holding the 10ema. A serious close below that would be the first indication of a more significant pullback
Bulls want to see continued progress above the MAs or constructive tightening/range building
Bears want to see a sharp break lower closing below the 10ema with leaders also showing negative action.
Daily Chart of the QQQ.
IWM – Follow through down from the downside reversal
IBIT – Gap up and positive expectation breaker. Was oversold. Running back into the MAs
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
S&P 500.
Leadership Stocks & Analysis
TSLA – Good action with a positive ex breaker. Continuing to trend above the MAs. 10,21 rising underneath
AAPL Slight follow through. Overall trending above the MAs
PLTR Building a choppy range here above the 10ema
NVDA Forming a choppy range here at the 21ema. Weaker than expected the past 2 days
META Tight inside day at the 21
HOOD Wedging action higher on lower volume. Slight fade off highs
RDDT Leaking lower although a tighter day. Bulls would be watching for a snap back above the 21ema
ALAB Break below the 21ema but reversal off the prior consolidation pivot. Down 10%
MSFT Tight day at the MA cluster.
Key Moves
DQ large positive expectation breaker
INTC trying to U-turn
To the negative side we have MP, LEU, ALAB BE, RKLB with significant moves lower
Setups and Watchlist
CRWV watching for follow through
ORCL watching for a range re-breakout
LEU watching for a pos ex breaker or upside reversal on the 10ema
MP watching for a pos ex breaker or upside reversal on the 10ema
Today’s Watchlist in List form
Focus List Names
CRWV ORCL LEU MP RDDT ALAB
Focus:
CRWV RDDT LEU
Themes
Strongest Themes: AI, Metals/Miners, Software, Energy, Crypto Miners
Market Thoughts & Focus
Not impressed with the action going through my screens. However some pullback was to be expected. Watching for some pullback spots in leaders but not really looking to do much.
Anything can happen, Day by Day – Managing risk along the way
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