Markets Hold For Now
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 22, 2025
Market Action
QQQ – Good action off the open but a fade into the end of the day. Overall no follow through down just yet.
Bulls want to see us hold the 10ema area on a pullback.
Bears want us follow through lower and close below the 10ema for the week
Daily Chart of the QQQ.
IWM – Upside reversal at the 21ema
IBIT – New high but indecisive candle
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 Oops reversal off the 10ema but slight fade. Still in this range
PLTR inside day but fade off highs
NVDA Inside day, tight action, expecting expansion tomorrow one way or another
META Meta Tight day
HOOD tight inside day
MSTR negative action
CRWD Strong reversal up
UBER below the 10ema
HIMS close below the 10ema, needs to reset
Key Moves
CRWV downside reversal, expecting whippiness, still trending above the 10ema
SEI strong breakout
SNOW very strong earnings gapper and close. Should be put on your watchlist. Can look for Day 2+ entries
Setups and Watchlist
GRPN watching for range breakout
OS watching for a range breakout
AMER watching for a post gap range breakout, could build out more
ONON watching for a push higher off the AVWAP
LEU watching for follow through up
KRMN watching for a push off the 10ema
CEG watching for a range breakout. See VST as well
ECG watching for a push off the 10ema
TOST watching for a push off the base pivot
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
GRPN, ONON, LEU, OS, GRAL, TOST
Focus:
TSLA SNOW PLTR CEG
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Solar
Market Thoughts & Focus
Decent bounce and respect for the 10ema but still need more information. We’ll have to see how we close the week. Looking for follow through up.
My focus is on the leaders and how they act to end the week.
Anything can happen, Day by Day – Managing risk along the way
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