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Re-confirmation Down. TSLA GEV Reversals

Richard Moglen
Richard Moglen

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

December 17, 2025
13 min read
Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Significant reconfirmation down today. We are back in a correction. GEV and TSLA, two names that were holding up showing distribution.

After yesterday’s upside reversal we were showing promise but again today did not get follow through.

Now we are watching for a new rally low that gets supported and importantly, potential leadership to shape up. Keep watching for RS names and making lists as things can shape up very quickly. A strong reversal up tomorrow for instance would be a start but as of now I think we need more time.

We’ve been in a choppy corrective market since around the Oct 10 selloff day.

Less is more in a corrective market. Protect your financial and mental capital.

QQQ
Sharp downside reversal reconfirming the downcycle. Below the moving averages.
QQQ chart
IWM
Downside reversal closing below the 21ema. Likely to test the 50sma area
IWM chart
IBIT
Downside reversal at the former range low area
IBIT chart

Trends 2/4 Up – based on the QQQ

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

Current View: Correction

Groups/Sectors

Deepvue Theme Tracker
Deepvue Theme Tracker
Deepvue Leaders Heatmap
Some Miners acting alright
Deepvue Leaders Heatmap
S&P
Semis hit very hard again. Up slightly after hours on MU earnings
S&P
Post Movers
MU is gapping up. How it acts tomorrow will be a good tell
Post Movers

Leadership Stocks & Analysis

TSLA
Downside reversal closing below the base pivot.
TSLA chart
GOOG
Broke lower and below the gap fill and 300 level
GOOG chart
AAPL
Downside reversal off the 21ema
AAPL chart
META
Holding above yesterday's low in this range
META chart
AMZN
Downside reversal
AMZN chart
INTC
reconfirmation down
INTC chart
PLTR
Break below the range and 21ema
PLTR chart
NVDA
Reconfirmation down
NVDA chart
MU
Gapping above the 21ema on earnings. Can it save the semis?
MU chart
BE
Sharp break lower
BE chart
LLY
Forming another range
LLY chart
AVGO
Testing the base lows
AVGO chart
FSLR
Downside reversal, poised at the 50sma
FSLR chart

Key Moves

GEV
Sharp break below the base pivot and recent lows.
GEV chart
STRL
Many sharp breaks lower like this in construction, energy, Data center related names
STRL chart

Setups and Watchlist

ANAB
Watching for a range breakout
ANAB chart
WVE
Watching for a range breakout
WVE chart
CRS
Watching for a range breakout
CRS chart
FSLR
Can watch for follow through lower below the 50 but best short entry would be on the downside reversal
FSLR chart

Watchlist & Themes

Larger Watchlist

ANAB WVE CRS FSLR MU TSLA

Daily Focus List

TSLA MU

Universe list

AAPL ALAB AMD AMZN APLD ARM BABA BE BKKT CCJ CLSK CRDO CRS DELL FIX FLS FSLR GGAL GOOG GOOGL GRAL HOOD HUT INSM INTC LEU LMND MELI META MSFT MU NBIS NET NIO NVDA OPEN PATH PLTR QCOM RGTI RKLB RMBS SHOP SNDK SNOW SOUN STNG STRL STUB TAC TEM TER TWLO VRT MDGL RIVN SEDG TDC VCYT U QLYS NXT DDOG METC TXG ASTS CRWD FLY CSIQ RDDT ANF BTU FROG LRCX LUMN REAL UPWK VICR SANM INOD GSAT JAZZ APPN COLL ESTA SMTC DOCN TSLA DY GEV WGS AMTM EGO KSS FLNC CIFR AEIS BKV LSCC EOSE PL TVTX PARR SEI LLY HCC CLS TTAN HOUS RGEN MDB GEMI YOU HNGE TARS COCO GH NTRA

Recent Gaps

AKAM AMD AMGN AMZN ANF APPN BBAI BE CAH COHR CRS DDOG DOCN DY EXPE FLS FROG GCT GGAL GH GTX HAE HCC ILMN INTC ISRG LC LMND MEDP NET OPEN PAM PBF PEGA PGNY PLNT QCOM QLYS RDDT RIVN ROK SANM SITM SLDP TDC TWLO TXG U VCYT VIAV VICR VIST XMTR YPF AEO FROG CRDO MDB CRDO AEO PATH PL PLAB MSOS TLRY PL

Additional Thoughts

Not much of interest to the long side and to the short side a lot is extended. Less is more in a sharp corrective tape.

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