The Market Follows Through Slightly.

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

Market Trend Status
Trend: 4 of 4 UP
✓ 10 EMA ✓ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

Continuation higher. My view is we are in a developing uptrend. A higher low and contraction would set up the next pivots. We are back above all the moving averages but still some work to do in order to get back to highs.

We’ve had. strong move up off a key low. Now the market needs to reconfirm.

QQQ
Reclaim of the Downside Reversal level. This has rallied strongly the past 4 days. A pause here would be constructive
IWm
IWM has lead this rally off the bottom, suggesting it is broad. Like QQQ a pause and formation of a higher low would be normal and naturall.
IBIT
Reconfirmation higher but still below the MAs. Heading into the 10ema area.

Trends 4/4 Up – based on the QQQ

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

Groups/Sectors

THEME Tracker
Miners and the Crypto theme leading today.
Deepvue Leaders HeatMAP
Some pullback in the Bio/pharma space that has been leading.
S&P heatmap
Software mostly red.

Leadership Stocks & Analysis

TSLA
Push higher and reclaim of the 21ema. Nice pullback spot at the prior base low.
GOOG
Pausing up here. Trending above the MAs.
AAPL
Pausing at highs
META
Tight day after the rally to the 21ema.
AMZN
Slight downside reversal
INTC
Slight push above the 21ema and Nov 20 downside reversal
PLTR
Testing the declining 21ema. indecisive day
NVDA
Some follow through higher. Right below the key base pivot.
AMD
Follow through higher. Watching for a push up the right side of the base now.
VRT
Slight fade at the 21ema and prior levels. Watching for a range to build at the MAs
MU
Slight more from the two tight days
BE
Nice close after pulling back intraday
LLY
Tight day as it trends above the 10ema
AVGO
Added this to the leaders as it's the strongest of the semis. Strong follow through as it makes new highs.

Key Moves

ARWR
Strong post earnings move. Surprise on EPS and Sales
FLNC
Strong Action post earnings. First full year profit & strong backlog. Energy Storage AI Theme.
SYM
Strong Follow through. There's demand for this name. Would watch for the next range/higher low.

Setups and Watchlist

SNDK
Watching for a range breakout. Swing Trade idea
FROG
Watching for an upside reversal off the HVC/10ema area. Overall looking for a right range now.
IBM
Slower mover but watching for a range breakout
OPEN
Watching for a range breakout
TVTX
watching for a consolidation breakout
APPN
Watching for a range breakout
NXT
Watching for a pop above the 21ema. Solar theme. Tight day
VICR
Watching for a range breakout
INOD
Watching for a bottoming range breakout
AMTM
Watching for an HVC breakout. Guidance increase. Recent IPO

Watchlist & Themes

Larger List

SNDK FROG IBM OPEN TVTX APPN NXT VICR INOD AMTM INTC TSLA VRT

Daily Focus List

SNDK VRT TVTX INOD

Universe List

AAPL ALAB AMD AMZN APLD ARM BABA BE BKKT CCJ CLSK CRDO CRS DELL FIX FLS FSLR GGAL GOOG GOOGL GRAL HOOD HUT INSM INTC LEU LMND MELI META MSFT MU NBIS NET NIO NVDA OPEN PATH PLTR QCOM RGTI RKLB RMBS SHOP SNDK SNOW SOUN STNG STRL STUB TAC TEM TER TWLO VRT MDGL RIVN SEDG TDC VCYT U QLYS NXT DDOG METC TXG ASTS CRWD FLY CSIQ RDDT ANF

Recent Gaps

AKAM AMD AMGN AMZN ANF APPN BBAI BE CAH COHR CRS DDOG DOCN DY EXPE FLS FROG GCT GGAL GH GTX HAE HCC ILMN INTC ISRG LC LMND MEDP NET OPEN PAM PBF PEGA PGNY PLNT QCOM QLYS RDDT RIVN ROK SANM SITM SLDP TDC TWLO TXG U VCYT VIAV VICR VIST XMTR YPF AMTM OPEN DY ANF

Additional Thoughts

I continue to see fresh setups and names working. Themes i’m most focused on. Semis, AI Data Centers, Fabrication, Biotech, Energy, Solar

Recent Trade Lab Reports

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