NVDA Breaks Out
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 30, 2025
Market Action
QQQ – Good action today with an upside reversal off the 10ema. Still overall forming this mini base. Potential news event looming with the government shutdown.
Bulls want to see follow through up or sideways range building.
Bears want to see a close below the 10ema on follow through down
Daily Chart of the QQQ.
IWM – Strong upside reversal off the 21ema area
IBIT – Constructive consolidation day closing at highs.
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 – Constructive upside reversal after working off that downside reversal yesterday. Looks ready for a move from this consolidation
AAPL Another tight day. Expecting expansion tomorrow. Forming this flag above the MAs
PLTR Good close breaking through the early range. Setting to break out of the handle
NVDA Base breakout. Watching for follow through
META Leaking below the key level. Push off lows. Ideally reclaims it quickly
HOOD Strong follow through. Trending
RDDT Testing the pivots below. Coming into the 50sma area.
ALAB Similar. Upside reversal off the prior base pivot. 50sma below
MSFT Looking to move up the right side of this base
Key Moves
BKKT More follow through
BE strong expansion bar. Trending
CRWV gap up. Ideally sets a tight range here. Aggressive traders can watch for follow through. Meta Deal News announcement today.
Setups and Watchlist
CLS watching for a range breakout
SOUN watching for a range breakout. Fast mover swing trade type
RKLB watching for a range breakout
LASR watching for a range breakout
AMD watching for a range breakout
Today’s Watchlist in List form
Focus List Names
CLS SOUND RKLB LASR AMD ALAB PLTR TSLA CRWV
Focus:
PLTR ALAB CRWV AMD
Themes
Strongest Themes: AI, Metals/Miners, Software, Energy, Crypto Miners
Market Thoughts
Names continue to act well. AI is the key theme I’m focused on.
Anything can happen, Day by Day – Managing risk along the way
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