Reddit up 40% After Earnings Gap

Market Action

QQQ – Inside day but not a great close. No follow through yet on the outside day

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us follow through up and get out of this base
Bears want to see us reverse sharply lower and test the 21ema

IWM – Hard fade into the end of the day

Trends (4/4 Up)

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

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Groups/Sectors – % Change

From yesterday’s close on the left, from today’s open on the right

Performance Charts from Deepvue

S&P 500

Deepvue Leaders Heatmap

Heatmap from Deepvue

Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right

Key Stocks in Deepvue

NVDA upside reversal action within this handle

TSLA inside day, forming a short range here

META earnings beat dut down after hours

IBIT inside day

RDDT power earnings gap, this could just be the start of a longer term trend

GRMN HV1 on earnings gap, can watch for post gap entries

UPST still in this flag

ACLX can be a great swing trading name, Biotech has been a hot theme. 21ema pullback

DECK tight day after the upside reversal

GDS tight

ALAB starting to tighten, ideally lets 10ema or even better the 21ema catch up

SHOP tightening below the 21ema

VST and CEG bit of shake today, still on watch before earnings (and after)

OWL flagging – group has been strong. Earnings Report tomorrow

WOLF still flagging

WVE tight

TSM tight on the top of the base

COHR still at the 21

Market Thoughts

Little bit of weakness today. RDDT should be a standout and on everyones WL if not already trading. See how META GOOG act tomorrow

Day by Day – Managing risk along the way