Pause in the Trend
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 23, 2025
Market Action
QQQ – Pullback today as we undercut yesterday’s low. We are trending above rising moving averages.
Powell today expressed some hesitancy about future rate cuts.
Bulls want to see continued progress above the MAs or constructive tightening/range building
Bears want to see a sharp break lower closing at lows testing the 10ema
Daily Chart of the QQQ.
IWM – Downside reversal
IBIT – Gap up but close at lows
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 – Some follow through down after yesterday’s fade.
AAPL Slight downside reversal, overall tight day
PLTR Outside day. overall building a short range
NVDA Reversing yesterday’s move. Constructive if we hold above the 21ema
META Closing below the 21ema
HOOD Wedging action higher on lower volume
RDDT Expansion downwards after the tight day. Below the 21ema
ALAB Break lower initially after the tight day but upside reversal off the 21ema. Watching for follow through up
MSFT Back into the MA cluster.
Key Moves
RKLB re-breakout
PARR Base Breakout
Setups and Watchlist
GCT watching for a range breakout. Fast Mover
FIG watching for a range breakout
MDB watching for a range breakout
IONS Watching for a range breakout
MP watching for a consolidation breakout
CRWD watching for a flag breakout / positive expectation breaker
Today’s Watchlist in List form
Focus List Names
GCT MDB FIG IONS MP CRWD ALAB
Focus:
MP ALAB FIG
Themes
Strongest Themes: AI, Metals/Miners, Software, Energy, Crypto Miners
Market Thoughts & Focus
Some pullback today and names potentially starting some range building. That would be welcome to set up the next pivots.
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
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