PLTR and TSLA Break Down
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 5, 2025
Market Action
QQQ – Downside reversal and testing the 10ema and range pivot. Nothing broken yet but reason to be more on guard.
Bulls want to see us hold above the 10ema.
Bears want us to follow through lower and end the week below the 10ema
Daily Chart of the QQQ.
IWM – Still up against the pivot
IBIT – Negative, outside day and breaking below the 21ema
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 Very negative bar on Elon Trump Feud.
PLTR reversal down and closing below the 21ema
NVDA Downside reversal at the deepseek area
META Slight reversal down
HOOD Big fade
MSTR breaking lower
CRWD Inside day at the pivot
UBER Slight Fade at the 21ema
HIMS tight day but looks a bit vulnerable hear for a break below the 21ema and range
Key Moves
NBIS strong push higher
KRMN range breakout
PAAS miners strong today
CRWV big reversal down. Top in? Still above the 10ema
Setups and Watchlist
STRL watching for reconfirmation
CENX watching for a range breakout
NXT watching for a range breakout
SEI watching for a range breakout
GRAL fade today but watching for a range rebreakout
IBKR watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
STRL, CENX, NXT, SEI, GRAL, IBKR
Focus:
STRL IBKR
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber,
Market Thoughts & Focus
Personally on guard a bit and not looking to be aggressive with TSLA and PLTR breaking down.
Anything can happen, Day by Day – Managing risk along the way
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