Semi Mixed Action. INTC strong, NVDA Fade

Richard Moglen
Richard Moglen

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

Market Trend Status
Trend: 4 of 4 UP
✓ 10 EMA ✓ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

Decent action today as most names I’m watching pulled in slightly/consolidated. CRDO earnings move failed after the initial push. Still one to watch in semi theme. I view us as being in a developing uptrend.

QQQ
Follow through higher. Running into the unfilled gap area. A pause holding above the moving averages would be normal and constructive
IWM
Weaker, closing at lows at the key level. Watching for it to hold the MAs below
IBIT
Gap and go today. As mentioned I view this as the start of a bottoming base below the 21ema. Will be choppy but sentiment has gotten negative. For a sustained uptrend however we need to reclaim the 21ema.

rends 4/4 Up – based on the QQQ

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

Current View: Developing Uptrend

Groups/Sectors

Deepvue Theme Tracker
Growth stocks some pull in off the open
Deepvue LEaders Heatmap
Biotech theme continues to pullback
S&P Heatmap
Semis the strongest group
Post Market Movers
AEO gapping up on a strong quarter. Retail has been a strong theme

Leadership Stocks & Analysis

TSLA
Whippy day but still setting up for a range breakout.
GOOG
Continues to pullback within the uptrend. We do have the unfilled gap below.
AAPL
Follow through
META
Good action, expecting a test of the 50sma and 200sma in the next week or so
AMZN
Fade at the base pivot. This was straight off the bottom. Watching for a range to form.
INTC
Very strong. Reconfirmation after the tight day
PLTR
Fade at the 21ema.
NVDA
Fade at the base pivot
AMD
Downside reversal at the 21ema and 50sma confluence
VRT
Bouncing but on lower volume, would prefer this to tighten sideways
MU
Consolidation day
BE
Pos Ex Breaker and inside day. Expecting expansion
LLY
Continues an orderly pullback
AVGO
Looks to test the 10ema. We do have an unfilled gap above

Key Moves

MDB
Strong gap but not ideal day 1 action.
CRDO
Reversal off highs after the earnings gap day 1 move
AMKR
Strong move. Short term stretched

Setups and Watchlist

AMTM
Watching for a post gap range breakout and U turn
ESTA
Watching for a range breakout and push off the 10ema
MOD
Watching for a range & base breakout
ETOR
Watching for a bottoming base breakout
REAL
Retail theme. Watching for a flag breakout
AEIS
Watching for a range breakout
APPN
Watching for a range breakout
NTRA
Many bios have a similar look. Watching for a flag breakout. See ANAB As well
SNDK
Watching for a range breakout
KVYO
Watching for a range breakout

Watchlist & Themes

Larger Watchlist

AMTM ESTA MOD ETOR REAL AEIS APPN NTRA SNDK KVYO BE TSLA AEO

Daily Focus List

TSLA BE AEO

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

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

Additional Thoughts

Mostly consolidation today. CRDO Earnings move failed day 1 after the initial push. Overall more of a consolidation day.

Recent Trade Lab Reports

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