Setup Day? Many Flags/Ranges Forming
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 20, 2025
Market Action
QQQ – No follow through up today but constructive action as the QQQ formed a tight inside day. Many leaders also look “primed”
The expectation based on the close and recent action is sideways or higher.
Bulls want to see us follow through up
Bears want us to reverse lower and close below the 10ema.
Daily Chart of the QQQ.
IWM – Tight day below the pivot
IBIT – Strong action getting closer to highs.
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 Tried to breakout but downside reversal. Still setup in this range
PLTR Watching for a push off the 10ema + base pivot area
NVDA watching for a range breakout. inside day
META Tight inside day
HOOD Overall a tight day
MSTR Setting up for higher
CRWD Looks primed. Setup in this handle with the inside day
UBER Watching for re-breakout from the range
HIMS Another relatively quiet day, watching for expansion
Key Moves
AMER gap up on earnings from this recent IPO. HVIPO
ALAB flag breakout
DAVE breakout form tight area
Setups and Watchlist
OS AI related recent IPO. Tight day, watching for a range breakout
KRMN watching for a flag breakout
AAOI semi fast mover, watching for a breakout form the inside day. See ARM AVGO as well
CLS watching for a range breakout
DUOL watching for a flag breakout
SN watching for a range breakout
KD watching for a range breakout
LEU watching for a range breakout
STNE watching for a range breakout off the 21ema. International theme along with MELI, SE
ECG watching for the HVC breakout
TTD watching for follow through up
ONON watching for a range breakout post gap, could mature a bit
VRT Watching for a range breakout
LYFT watching for follow through up
TOST watching for a range breakout and move from the inside day
IOT watching for the range breakout
GRAL for those who like the fast movers
CEG watching for a range breakout. Very tight day
TEM Watching for a range re-breakout
APP Watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
OS, KRMN, AAOI, ARM, AVGO, CLS, DUOL, SN, KD, LEU, STNE, MELI, SE, ECG, TTD, ONON, VRT, LYFT, TOST, IOT, GRAL, CEG, TEM, APP
Focus:
CRWD PLTR SN TEM
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Solar
Market Thoughts & Focus
Many ranges setting up. The stocks/setups are there to propel the market higher. See what happens tomorrow but expecting expansion
Anything can happen, Day by Day – Managing risk along the way
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