The Market Coils

Market Action

QQQ – Almost identical action to yesterday. if this was a stock I would be expecting a breakout on high volume. with that as the expectation we can determine was is healthy and normal action going forward

Short Term Expectation based on the close is consolidation or push higher

Bulls want to see us breakout through the reversal down day high
Bears want to see us attempt a breakout and fail or simply undercut today’s and yesterday’s low

IWM – supported so far at the 21ema, this is a steep pullback to that level

Trends (4/4 Up)

Shortest – 10 Day EMA –  Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Flat
Longterm – 200 sma – Up – Above Rising

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Groups/Sectors – % Change

From yesterday’s close on the left, from today’s open on the right

Performance Charts from Deepvue

Deepvue Leaders Heatmap

Heatmap from Deepvue

Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right

Key Stocks in Deepvue

NVDA tight day after the breakout

META supported off the 21ema

AAPL oops reversal near highs

TSLA still tight post gap down and before earnings

LLY Oops reversal, see if it can follow through up

ALAB outside day

CORZ follow through up after the upside reversal at the 21ema

LUNR performance enhancer name

ASTS forming a right area near the 50 day

MSTR inside day but trending already

PODD upside reversal

WVE still tight

UPST flagging post breakout, watching for 10ema test

COIN 2 tight days near the level now

CCL upside reversal off the 10ema

SHOP still tight

TSM watching for u turn

CEG still consolidating

SHAK still in VCP

RBRK upside reversal and 10ema test

SMR flagging

DUOL got the 21ema shakeout, now it had to prove itself

Market Thoughts

Like how the big caps are acting. Some fades on lower quality stuff like GDS today

Day by Day – Managing risk along the way