Strong Action after the Gap Down
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 19, 2025
Market Action
QQQ – Exactly the price action we want to see after a gap down. QQQ up over 1% from the open. Strong response from leaders with HOOD Leading the way
The expectation based on the close and recent action is sideways or higher.
Bulls want to see us follow through up
Bears want us to reverse lower.
Daily Chart of the QQQ.
IWM – Closing near highs, watching for it to push out from this range
Never miss a post from Richard Moglen!
Stay in the loop by subscribing.
IBIT – great action, oops reversal into an outside day breaking out of the range
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
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 Constructive action, setting up a range
PLTR Watching for a push off the 10ema area
NVDA Great action, setting up in this short range
META holding the 10ema
HOOD Powerful Oops Reversal
MSTR Great action, up through the 10ema
CRWD Strong action off the 10ema
UBER Constructive action, inside day
HIMS Very tight day, expecting expansion tomorrow
Key Moves
CRWV even more follow through
SEZL range breakout post gap
GEV powerful move
Setups and Watchlist
OS AI related recent IPO. Forming a range
KRMN watching for a flag brekaout now
CLS watching for a flag breakout
LEU watching for follow through up
TPR watching for follow through up
DAVE still a bit stretched but forming a range
TOST watching for follow through up
MCHP watching for a range breakout
SARO watching for a flag breakout
ECG watching for the HVC breakout
KD watching for the flag breakout
SN watching for a flag breakout
LYFT watching for a post gap range breakout
ALAB watching for a flag breakout
CEG watching for follow through
VRT watching for the range breakout
TEM watching for follow through up
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
OS, KRMN, CLS, LEU, TPR, DAVE, TOST, MCHP, SARO, ECG, KD, SN, LYFT, ALAB, CEG, VRT, TEM
Focus:
TEM PLTR LYFT TOST LEU
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Solar
Market Thoughts & Focus
Surprised with how many setups look good. Expecting follow through up tomorrow.
Anything can happen, Day by Day – Managing risk along the way
Sign up now to access the full report, including the latest actionable setups below.
Start Learning with TraderLion for free.
Enroll in the Ultimate Trading Guide, get access to fresh course releases, exclusive webinars, and more.
