Reversal After the Gap
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 29, 2025
Market Action
QQQ – Downside reversal after the gap up. Growth names similar with the potential start of downside momentum.
Bulls want to see us hold here and stay above the 10 ema. Ideally we have a positive expectation breaker to end the week.
Bears want us to follow through down and close the week below the 10ema
Daily Chart of the QQQ.
IWM – Upside reversal action at the 10 ema.
IBIT – Closing well below the 10ema for the first time in this move. needs to rally quick or likely needs more of a consolidation period.
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 downside reversal, watching for TSLA to hold the pivot area on any further weakness
PLTR Downside reversal after the tight day. Watching for a hold of the 21ema area
NVDA Sold off the opne on the earnings gap. ideally it holds and builds a range. Rai was pointing out how it is right at the Deepseek gap
META holding the 10ema for now
HOOD downside reversal down, watching for it to hold and build the handle
MSTR below the declining 21ema. Some upside reversal action today.
CRWD pull back into the base pivot area. Watching for it to hold here and build out another pivot
UBER Sharp break of the range and the 21ema
HIMS Watching for a hold of the 21ema area
Key Moves
AI gap up on EPS surprise
VEEV strong action on earnings
Setups and Watchlist
FROG watching for follow through up
GRAL tight day, watching for a range breakout
NRG watching for a range breakout
LIF Hight tight flag type setup, fast mover
DUOL watching for a positive expectation breaker or Oops reversal at the range lows
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
FROG, GRAL, NRG, LIF, DUOL
Focus:
PLTR HOOD DUOL FROG
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber,
Market Thoughts & Focus
Potential News Failure today. See how the leaders hold up into the weekend. Most names with downside reversals but still above rising 10 and 21 emas.
Anything can happen, Day by Day – Managing risk along the way
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