
Slight Reversal. Trending
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 20, 2025
Market Action
QQQ – slight reversal down as we continue to trend above the moving averages
Bulls want to see us continue to ride the MAs higher
Bears want to see us large expansion bar lower breaking below the 10ema
Daily Chart of the QQQ.

IWM – reversal down, trending above the 21ema

IBIT – pulling into the 10ema
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above
Short-term – 21 ema – Above
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 Range breakou

PLTR trending, lower volume recently

NVDA trending

META Upside reversal below the prior pivot.

HOOD Push higher and wider range bar with middle close. Slight extension

MSTR big drop lower from the tight range, at the prior base pivot

CRWD forming a tight range on the 50. Outside day

Key Moves
TLN strong gap and go

BULL pushing off the 21ema pullback

Setups and Watchlist
ECG watching for a range breakout

GTLS watching for a consolidation breakout

HIMS off peoples radar, make or break it point, watching for follow through up

VBTX watching for a post gap range breakout

SIMO watching for a range breakout

CVNA watching for a range breakout

SEDG watching for a range breakout

RDDT actionable friday, watching for follow through up

CRWV sentiment is negative, watching for a reversal up reclaim of the 50

Today’s Watchlist in List form
Focus List Names
ECG GTLS HIMS VBTX SIMO CVNA SEDG RDDT CRWV
Focus:
CRWD CVNA VBTX CRWV
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
We continue to trend higher. Still seeing setups. Until we see a big change in character in the leaders and indexes, we are in an uptrend. We are longer in the tooth in this uptrend.
Anything can happen, Day by Day – Managing risk along the way




