Small Caps Break Out!

Market Action

QQQ – very similar action to yesterday, closing the week tight

Short Term Expectation based on the close is consolidation or continuation higher

Bulls want to see continuation up towards highs
Bears want to see us reverse down and close the week negatively

With this type of coil can have a wide range monday

IWM statement day as we follow through

IBIT also strong action popping back through the 21ema. Looking to see if this finally starts a trend higher.

Trends (4/4 Up)

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

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Groups/Sectors – % Change

From yesterday’s close on the left, from today’s open on the right

Performance Charts from Deepvue

% Change Current Week and over 1 month

Group and Sector Ranks over the past day, week, month, and 3 months

S&P 500 % Change from Open vs Relative Volume

Deepvue Leaders Heatmap

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA grinding higher and tightening. ideally get a short pullback/shelf before ATH attempt

TSLA gap down after robotaxi event. We’ll see if it holds close to today’s close or progresses lower

META good action off the 10ema

MSTR breakout to new highs. This has been leading

AFRM great action from the RMV5 tight range near the key level, reconfirming today

UBER breakout to new highs

SYM now +25% from RMV tight area in 2 days. This is a great swing trading indicator

UPST base breakout. RMV 0 yesterday

TEM push higher, still forming a base low. Watching for pop above the 21ema

RDDT strong action off the 10ema

BEKE supported at key level

SE push from the tight shelf

Z reclaim of the 21ema

CORT swing trade idea for next week

DUOL tight in this shelf

CPNG tight range

CEG powerful off the 21ema today, watch for follow through

VST very similar

ONON tight on the 21ema, you do have a recent slight gap down

RKLB forming a shelf, move from inside day

ASTS reclaiming the level

Market Thoughts

Still seeing widespread good action. Names surfing the 21 and 10 emas

Day by Day – Managing risk along the way