Strong Rebound – Software Leading
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 28, 2025
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Market Action
QQQ – Constructive day after yesterday’s action. I like the gap fail, and then stronger close. Day by day
Short Term Expectation based on the close is consolidation or higher but volatility likely will still be high and we could still see large reversals
Bulls want to see build sideways or a strong rally up back through the MAs
Bears want to see us follow through lower or rally weakly then roll
IWM – Tight fat at the 21ema
Bulls want to see us continue higher through the 50 or flag out constructively
Bears want to see us follow through lower breaking the 21
IBIT- fade to end the day.
Bulls want to see us build out sideways and rally higher
Bears want to see us follow through lower breaking the MAs
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
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Groups/Sectors
Performance Today from open on the Left, Performance over the past 20 days on the right.
Performance Charts from Deepvue
Deepvue Leaders Heatmap – Software standing out
S&P 500
Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right. This is now a preset for Deepvue Members
Post Market Action
Leaders and Key Moves
NVDA we got the sharp recovery after an undercut of yesterday’s low. Powerful . Now we ware watching for follow through and a higher low after the extension down
Bulls want to see a flag sideways or follow through up and less volatility
Bears want to see a break lower of today’s low
TSLA acting well at the 50, earnings tomorrow
RDDT Great follow through up and breaking out of the base
GEV good action but likely this chart needs time to heal
PLTR strong bar and on breakout watch
ALAB positive expectation breaker but looks like it still needs to base out for several weeks. needs to build higher lows
MSTR inside day below the MAs
TWLO follow through up
CRWD breakout to new highs
Stocks Setting Up / Holding Up
NFLX watching this flag
TEM Ai related, flagging post power move up
RKLB sitting on the base pivot, watching for a push higher
GH watching for follow through up
GWRE flagging out, watching for follow through up
SN at the base pivot, later stage base
BROS tight day
RUM more speculative, inside day at the 21ema
COIN tight day although below MAs, watching for push higher to fill the gap
HSAI good upside reversal, watching for follow through up. Speculative
PLTR watching for breakout but ideally tight day or two first
RBRK good action, watching for a base breakout, ideally puts in a tight range up here
Themes and Leaders
Key Themes: Software is now the key one. Cybersecurity within that
Strongest names in software – le tme know if I’m missing any: SNOW SHOP GTLB ESTC NET CRWD ASAN PLTR TWLO APP
These names have the top RS, growth stories
RDDT ONON
Market Thoughts & Focus
Very very strong rebound today but still expecting higher volatility. Software names clearly standing out as noted yesterday. Highers lows will form if the trend continues higher.
Anything can happen, Day by Day – Managing risk along the way