NVDA, CAVA Breakout!

Market Action

QQQ – Positive expectation breaker as we gap up and close strongly

Short Term Expectation based on the close is consolidation or continuation higher

Bulls want to see continuation up towards highs
Bears want to see us reverse down

IWM – still consolidating

Trends (4/4 Up)

Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Flat
Longterm – 200 sma – Up – Above Rising

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Groups/Sectors – % Change

From yesterday’s close on the left, from today’s open on the right

Performance Charts from Deepvue

S&P 500 % Change from Open vs Relative Volume

Deepvue Leaders Heatmap

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA followed through higher through the key level. Short term a bit stretched

TSLA holding the 21ema, see if it can reverse up

META remains in a strong trend

HOOD strong breakout, RMV5 tight area yesterday

SG strong push as well and RMV5 tight area yesterday too. For stocks with high average ADR % over 4.5% I like to use RMV5 better than RMV

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AFRM gap, retest and strong close

PLTR continues to trend

ACLX retest of base pivot and strong action since

RBRK cybersecurity ipo strong move. S in theme also strong

CART follow through

CAVA great action since the upside reversal at key level

KVYO tiny bit wedgy feeling here

RDDT fade from highs but forming a range here

AHR still 21ema pullback

CEG tightening

ALAB would like to see this consolidate further

SE oops reversal

TEM resolved down, watching for quick recovery or else it needs more time

ASTS consolidating below the MAs and DTL

BNTX flagging out and pulling into the top of the prior range

Market Thoughts

Strong action! See how the rest of the week progresses.

Day by Day – Managing risk along the way