Strong Close After the Fed
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 7, 2025
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Market Action
QQQ – Strong close today after the Fed catalyst. We tested the 10ema before closing in the top 3rd of the bar with many individual names acting similar.
The expectation based on the close and recent action is sideways higher The 200 sma will be the key test above.
Bulls want to see us rally strongly from the recent range
Bears want us to break lower and close near lows
Daily Chart of the QQQ.
IWM – Forming a range at the cluster of MAs
IBIT – Gap up but weak close. See it as mostly consolidating the past 2 weeks
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above declining
Longterm – 200 sma – Up – Below declining
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leaders and Key Moves
TSLA Coiled in a range here above the 21ema. Watching for a break higher through today’s high tomorrow
PLTR Holding where it needs to so far. Ideally rallies and builds out a handle over the next few weeks
NVDA Got the range breakout. Semis may start moving
GOOG negative day on very large volume
HOOD At the key level after some follow through, watching for an expansion bar up
MSTR Break of the flag but ideally treads water sideways under recent highs before continuing higher
CRWD Break down through the pivot and gap down. Needs to heal. Ideally forms a handle and tightens in a range above the 21ema
UBER strong action after earnings, watching for follow through but ideally sets up a quite inside day above the base pivot
HIMS Follow through higher, short term extended
Stocks Setting Up / Showing RS
CRWV inside day with a good close. Watching for a break through this pivot. ideally tightens once more or pulls back
APP watching for earnings move. Gapping up after hours
LOAR watching for a breakout move, tight day today
ARM watching for a range breakout
SEZL earnings gap tomorrow. Very fast mover
MNDY nice range here but earnings May 12
OSCR Large gap on HV1. Can watching for Day 2 setup or post gap range
RKLB watching for a range breakout. Earnings tomorrow AMC so Gap watch
WAY watching for a range breakout. Swing trade idea
ALAB good earnings reaction, if semis kick into gear this should do well. Does have overhead supply. CRDO as well but prefer ALAB
TTAN watching for expansion higher
Watching APP LEU MGNI SEZL MELI for earnings moves.
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
CRWV, APP, LOAR, ARM, SEZL, MNDY, OSCR, RKLB, WAY, ALAB, CRDO, TTAN, LEU, MGNI, MELI
Focus:
TSLA ALAB
Themes and Leaders
Strongest Themes: BTC, Miners, Cyber Software
Market Thoughts & Focus
Strong action today after the Fed. See more setups developing. Be good to see the semis really start going. Watching how we act on tariff news
Anything can happen, Day by Day – Managing risk along the way