Pivotal Day after the CPI. Nasdaq up 4% from Lows

Market Action

QQQ – Wild but strong bar. We broke through the range and reclaimed the 21ema. Looks like a higher low is in.

Positive expectation breaker after morning action.

IWM – outside bar but not as strong

Trends (3/4 Up)

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

Today we went from just 1/4 Up to 3/4 up.

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Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA breakout from the range and reclaiming the 21ema

OSCR powerful bar. This insurance name can trend

FSLR powerful move but more off the bottom. May be due to debate

APP on yesterday’s WL. RMV 0 yesterday

AFRM reclaiming the level

UPST retesting the HVC level

CAVA tight range

PLTR tightening a bit

RARE still forming range

NTNX big tail

CRS upside reversal

RDDT powerful bar, approaching 60 level and top of range

DOCS short flag

LNTH big weekly level reclaim

CDNA swing trade idea. Biotech

Market Thoughts

Lots of statement bars today. Operating with the current view that we are back risk on. WE’ll see if we follow through up to end the week.

Day by Day – Managing risk along the way