Inside Day Below the 21ema
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
August 21, 2025
Market Action
QQQ – Inside day with a lower close. We’ll see which day it resolves. This is the 2nd close below the 21ema. The positive is we held the prior days low which is the key level to the downside.
Bulls want to see us reclaim the 21ema and snap back higher
Bears want to see us follow through lower and test the 50sma
Daily Chart of the QQQ.
IWM – Stronger than the QQQ in the short term. Good action off the 21ema and at a key level
IBIT – poor close right at the prior base pivot. Feels week unless we get a strong bar to the upside.
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Below
Short-term – 21 ema – Below
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 inside day but leaking a but lower. 2nd close below the 21
AAPL some follow through lower below the 10ema
PLTR Constructive consolidation day.
NVDA some fade off the 21ema but overall a consolidation day
META inside day below the 21ema
HOOD consolidation day right at the 21ema
RDDT Very tight day. Watching for expansion up. Ideally is forming a handle of the larger cup formation
ALAB Acting better than most
MSFT still leaking lower, testing the 50sma
Key Moves
FROG strong push from the range. TEM LASR from the watching also strong
Setups and Watchlist
DQ watching for a range breakout. Inside day. Earnings coming up
MP watching for a range breakout. nice upside reversal at the 21ema
RCL watching for a range breakout
Today’s Watchlist in List form
Focus List Names
DQ MP RCL HOOD RDDT
Focus:
MP
Themes
Strongest Themes: Software, Cyber, Nuclear Power, Semis, Miners
Market Thoughts & Focus
Consolidation overall today. No key sense of short term direction either way. Expecting some expansion tomorrow.
Anything can happen, Day by Day – Managing risk along the way
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