Rally Continues

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Follow through up. Semis, Solar, Oil themes most interesting

QQQ
Follow through up. Now testing the moving averages. Key Spot
IWM
Follow through up after Friday's expectation breaker
IBIT
Tightening. Expecting expansion

1/4 Up. Current View: Correcting. Rally Attempt in progress.

Groups/Sectors

Deepvue Theme Tracker
DV Leaders Heatmap
S&P Heatmap
Insurance theme down.

Leadership Stocks & Analysis

TSLA
Rallying into the declining MAs
GOOG
Tight acting, expecting expansion. Just below the 21ema
AAPL
Pullback. Ideally builds a handle/range over the 10ema
META
Follow through higher after the upside reversal. All the MAs compressed.
AMZN
Volatile consolidation day. Holding. Expecting expansion
INTC
I like this upside reversal. Watching for a range breakout.
NVDA
Sharp spike higher. Fade off highs. Now watching for a range to fomr/higher low
MU
Range forming on the 10ema
BE
Reclaim of the base pivot. Can watch for follow through
LLY
Gap up but downside reversal. Needs to hold and rebuild.
MSFT
Pop higher.
RKLB
Pop higher above the range and from the 50sma
SNDK
Very stubby pullback and range on the 10ema
PL
Pop higher to the 21ema
PAAS
Pop higher
XOM
Strong trend
HAL
Tight day. In this consolidation

Key Moves

BLSH
Strong gap and go. Recent IPO. Needs to form a bottoming base
AXTI
New highs

Setups and Watchlist

HROW
Watching for a range breakout.
ENPH
Watching for a post gap range breakout.
MCK
Watching for a range breakout. Ideally builds a bit more
MRNA
Watching for a range breakout. Earnings upcoming
SOLS
Watching for a range breakout. Earnings upcoming
VSCO
Watching for a range breakout
FTAI
Watching for a range breakout.

Watchlist & Themes

Larger Watchlist

BE INTC HROW ENPH MCK MRNA SOLS VSCO FTAI

Daily Focus List

BE ENPH FTAI INTC

Recent Gap ups

SNDK MOD GLW TTMI ENPH TER XPO LBRT NXT WULF BE DOCN NVST DVA DY ENTG JBLU ASML ALAB MCK BILL PLAB PL

Additional Thoughts

More strong action from the indexes and more names turning. Potential trend change over the next few days. Be ready if it follows through.

Recent Trade Lab Reports

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