IBIT COIN MSTR Bounce
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 3, 2025
[kt_reading_time]
Market Action
QQQ – More follow through higher. Most leaders act well. Crypto names strongest today
Bulls want to see us trend higher above the 10,21 emails
Bears want us reverse back lower to end the week below the 10ema
Daily Chart of the QQQ.
IWM – Upside reversal with a strong close
IBIT – Very tight day at the 21. Potential for a reversal back higher
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
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA Fade today, needs to hold and push through this pivot
PLTR Second tight day
NVDA Up against the deepseek level again
META Constructive tight day after the range breakout
HOOD Follow through up
MSTR push through the 21 after testing the range pivot
CRWD Gapping down to the base pivot area on earnings. See how it handles the gap down tomorrow
UBER Base pivot pullback, on watch for a push higher
HIMS very negative downside reversal after acquisition news. Watching for further weakness, a positive if it can build above the 21ema or rebounds quickly
Key Moves
CRWV powerful move higher. If you own this know your plan for trimming and trailing. Likely ends with parabolic action/large downside reversal
BE strong push off the 200 sma
VG strong push higher
Setups and Watchlist
ELF watching for a post gap range breakout
ON watching for a range breakout
SEI fast mover, watching for a range breakout.
KRMN watching for a range breakout
RDDT forming a range within the bottoming base
IBKR watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
ECG COIN, IBKR, NUTX, RDDT, STRL, ONON, OS, LEU, BROS, NRG, DUOL
Focus:
TSLA PLTR LEU HIMS
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber,
Market Thoughts & Focus
HIMS a negative but more liquid names continue to act well. CRWD will be a good tell tomorrow. TSLA also maybe a bit vulnerable to follow through down.
Anything can happen, Day by Day – Managing risk along the way