Setups into Next Week
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 10, 2025
Market Action
QQQ – Constructive end to the week with a tight inside day just below the 200 sma and pivot level. Set up for higher next week
The expectation based on the close and recent action is sideways or higher. Looking for expansion above the 200sma
Bulls want to see us rally strongly through the 200sma
Bears want us to reverse lower and break below the 10ema
Daily Chart of the QQQ.
IWM – Similar action, tight inside day to end the week
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IBIT – Some follow through higher, strong but short term extended.
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above declining
Longterm – 200 sma – Up – Below declining
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA breakout through the pivot and 200 sma but some fade off highs, watching for follow through up next week
PLTR nice inside day to end the week, ideally this builds out sideways next week and sets up for an ATH breakout
NVDA Resting on top of the pivot, watching for a continuation breakout through recent highs towards the 200sma area
META some follow through down, as long as this holds the 200 sma looks fine
HOOD tight close but could build out a short flag early next week.
MSTR indecisive day. ideally builds sideways and lets the 10ema catch up
CRWD some expansion down to the 21ema, watching for respect of that level and for it to build out the handle
UBER holding the base pivot, watching for a break through recent highs next week
HIMS building out sideways, on re-confirmation watch. Ideally waits a bit longer for the 10ema to catch up but one of the most powerful names in the market tight now.
Key Moves
LYFT Earnings Gap and Go on HV1 – Uber is the leader but this may start a nice trend. Currently in Stage 1 consolidation
PODD impressive. Announced share buy back and guidance increase
TOST earnings gapper to watch for follow on entries
TTAN expansion up
SEZL strong day 2 action. DAVE LEU as well
Setups and Watchlist
TTWO setting up a pivot
DRS watching for a range breakout
AGI watching for a range breakout
OSCR watching for reconfirmation higher
GRAL watching for a pivot breakout
ZS watching for a range breakout
LOAR watching for a breakout through recent highs
KRMN watching for a base breakout, EPS upcoming
CPNG actionable on the oops reversal, near a longer term resistance level to start a Stage 2. Watching for follow through higher
CRWV not directly actionable unless off upside reversal at 10ema. But want to keep tabs on this. Think it sets up a powerful IPO move. However earnings upcoming
GEV watching for follow through up through the high
ROOT watching for reconfirmation up
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
LYFT, PODD, TOST, TTAN, SEZL, DAVE, LEU, TTWO, DRS, AGI, OSCR, GRAL, ZS, LOAR, KRMN, CPNG, CRWV, GEV, ROOT
Focus:
UBER PODD LOAR GEV
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber
Market Thoughts & Focus
Encouraged by the action of the leaders and the names showing up in weekend screening. Theres enough to keep pushing us higher unless negative catalysts due ro the trade war/tariffs.
More setups developing and strong reactions to earnings.
Anything can happen, Day by Day – Managing risk along the way
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