
Strong Action. QQQ Moves out of a Range
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
August 28, 2025
Market Action
QQQ – Strong action after the NVDA earnings. Pushing out of this recent range. The expectation is that we continue higher and trend.
Bulls want to follow through up
Bears want to see a sharp reversal or negative expectation breaker
Daily Chart of the QQQ.

IWM – New high

IBIT – Downside reversal at the 50sma

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. % Change from Open and Market Cap

S&P 500.

Leadership
TSLA pulling back after the downside reversal, decent action off the 10ema. Watching for a handle formation or push higher

AAPL More Follow through. Lower volume

PLTR upside reversal, has refused to break down so far. watching for follow through up

NVDA volatile day after earnings. watching for a consolidation breakout

META forming a range. Pulling into the key level

HOOD tight day, expecting expansion tomorrow

RDDT positive expectation breaker and pushing out of the recent range.

ALAB pushing higher. Nice

MSFT testing the 21ema from below. Relatively weak

Key Moves
PSTG very strong bar. We saw MDB yesterday and it also followed through today

SNOW earnings gap, testing new 52 week highs

Setups and Watchlist
AORT watching for a range breakout

MRCY watching for a range breakout

TEM tight day. watching for a break higher

DLO squat today, watching for a re-breakout

SEDG watching for a range breakout

LMND squat today, watching for a re-breakout

RKLB watching for follow through up

AAOI fast mover, watching for a range breakout

Today’s Watchlist in List form
Focus List Names
AORT MRCY TEM DLO SEDG LMND RKLB AAOI TSLA
Focus:
TEM AORT RKLB
Themes
Strongest Themes: Software, Crypto, Nuclear Power, Semis, Miners, Cruise Liners
Market Thoughts & Focus
Good action today as names acted well. We’ve got the NVDA earnings behind us. Noticing MDB PSTG standing out as recent earnings plays
Anything can happen, Day by Day – Managing risk along the way



