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Stress Test. TSLA, MSFT Down

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

Market Trend Status
Trend: 4 of 4 UP
✓ 10 EMA ✓ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

A stress is a sharp drop early in an uptrend that shakes the trees. How the market and key stocks close afterwards gives us information about the health of the market.

Today the Qs dropped over 2% intraday but closed near the high of the range.

Bottom line is that today’s lows are key. We need to hold above them and keep showing constructive action.

QQQ
Sharp stress test. Good close off lows. Still volatile.
IWM
Upside reversal off the 21ema
IBIT
Sharp breakdown lower. Gap and Go. Needs to respond

Groups/Sectors

Deepvue Theme Tracker
DV Leaders Heatmap
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Sharp breakdown after lackluster earnings.
GOOG
Volatile shake but good close
AAPL
Slightly up after hours on earnings
META
Strong gap and nice close after earnings
AMZN
Upside reversal off the 21ema area
INTC
Amazingly, an inside day
NVDA
Strong close after the 21ema shake
MU
Trending.
BE
holding the rising 10ema
LLY
Tight day near base lows
MSFT
Gap down after earnings.
RKLB
So far constructive. holding the 21ema
SNDK
Up strongly on earnings, guidance beats
PL
Pulling back towards the 21ema
PAAS
Many miners look similar. Downside reversal

Key Moves

APLD
Strong positive expectation breaker.
RCL
Strong gap and go

Setups and Watchlist

AXGN
Watching for a base breakout
LGN
Watching for reconfirmation from the tight day
COHU
Watching for a range breakout
COMP
Watching for a range breakout
SKYT
Watching for a range breakout
AXSM
Watching for a range breakout
LMND
Watching for follow through higher
ANAB
Watching for a range breakout
SPHR
Watching for a range breakout
FTRE
Watching for a range breakout
RKLB
Watching for a range breakout or undercut and rally of the 21ema
GLW
Watching for a range breakout
GLW
Watching for a post gap u turn and range breakout
TXG
Watching for follow through up after the pivot retest
NXT
Watching for for follow through up
WRBY
Watching for a range breakout

Watchlist & Themes

Larger WL

AXGN LGN COHU COMP SKYT AXSM LMND ANAB SPHR FTRE RKLB PLAB GLW TXG NXT WRBY BE NVDA INTC

Daily Focus List

SPHR TXG RKLB GLW

Universe List

INOD ASTS NXT SNDK VICR SEI STUB FLNC LMND TSEM CCJ FTRE CIFR BTU EOSE ARWR IREN PLAB WRBY KLAC GEV TER LRCX FIGR SITM VRT LITE COHR AMD POWL BE GH MU ALAB RDW NBIS PRIM TXG ARM HL SPHR ONTO PAAS AMAT SCCO GSAT HUT META Q GOOG INTC CRWV LEU GLW COHU CRK CVNA GRAL FLY NVDA IBRX AMKR UCTT VOYG RKLB KLIC CSIQ AXTI PL CRWD FORM NET METC APLD SSRM EGO STX BIDU HP NEM TEVA AEM FLS SKYT STNE GFS LGN MRNA RGEN SN ZIM AXSM FROG ANAB DY DDOG KTOS LUNR AXGN TDC MRCY SNDX VRDN BABA KRMN CTRI DOCN NAVN CHYM SOLS ATRO COMP BLLN NTRA GILD SATS TSLA TTMI VSCO

Recent Gaps

GLW AAOI SNDK DOCN INTC NXT META

Additional Thoughts

Most interesting themes: AI, Biotech popping back up, Space

Recent Trade Lab Reports

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