Small Caps Still Leading. TSLA falls after Earnings
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 23, 2024
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Market Action
QQQ – Tried to push higher but not a good close. higher low near the 50 still valid
IWM – follow through up from 10ema retest, acting strong
Trends (2/4 Up)
Shortest – 10 Day EMA – Down – Below Declining
Short-term – 21 ema – Down – Below Declining
Intermediate term – 50 sma – Up – Above Rising
Longterm – 200 sma – Up – Above Rising
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Groups/Sectors % Change from Open
Performance Charts from Deepvue
Small caps, biotech strongest
Key Stocks in Deepvue
NVDA can’t quite push through the 21ema yet
TMDX nice push from the pivot now
LNTH should make a move soon, up or down
HIMS clue was inside day and no further push lower. Great push
S seems to be benefiting as CRWD continued selling. RBRK recent ipo in same space nice move today
TSLA down after mediocre earnings, see how it responds tomorrow morning.
RIVN outside day, see how it trades after TSLA EPS
CRS nice reconfirmation, best buy area was back in tight area in early july against the MA, notice RMV
COIN downside reversal at key level, watch for tight range or MA pullback. HOOD back into 21ema
Market Thoughts
Small caps, biotech, crypto themes still strongest. NVDA needs to prove itself.
Day by Day, monitor positions and for RS.