Semis Act Well
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 12, 2025
Market Action
QQQ – Gap down but decent action and holding above the 10ema
Bulls want to see us continue to trend above the 10/21 emas and take out previous high
Bears want us to break down lower below the 10ema and recent pivot with a large downside reversal or break of many lows at once
Daily Chart of the QQQ.
IWM – Gap down is a negative decent bounce attempt and holding above the 10ema
IBIT – Gap down and fade off the pivot. Negative close
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 fade off highs and close below the 21ema
PLTR tight day right above the pivot
NVDA Strong action off the 10ema
META small upside reversal off the 10ema area
HOOD Slight fade, trending but some wedging action
MSTR Tried to Oops but fade off highs
CRWD slight follow through but fade off highs
UBER At the 21ema, needs to hold here
HIMS tried to follow through today but fade back below the pivot
Key Moves
ORCL strong gap and go on earnings
CRK strong outside day. Had my eye on this when ignored it.
VST strong push from the tight day
Setups and Watchlist
ECG tightening right at the HVC
DKNG setting up a range below the 200sma. This has been basing for over a year now
GH forming a handle, watching for a push higher
GWRE very tight day, likely expands tomorrow, watching for a push through the HVC. If it breaks lower needs a reset
COHR watching for a break above the consolidation and 200sma
GLNG watching for a range breakout
BJ watching for a range breakout. Also noticed SHAK
OS watching for a break higher
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
ECG, DKNG, GH, GWRE, COHR, GLNG, BJ, SHAK, OS
Focus:
NVDA GLNG ECG BJ
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Not seeing many prime setups going through my screens. Notting how things have been a bit wishy washy recently. CRDO VST worked well but not going to be very aggressive. Semis look strongest
Anything can happen, Day by Day – Managing risk along the way
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