The Market Pulls In Slightly

Market Action

QQQ – Flagging sideways, pulling towards the 10ema, still seems constructive for the most part

Short Term Expectation based on the close is consolidation or lower

Bulls want to see us flag out and then reconfirm higher
Bears want to see us reverse down sharply with a negative bar undercutting the prior high

IWM – more follow through down

IBIT follow through down, still extended

Trends (4/4 Up)

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 – % Change

Daily Performance on the Left – 20 day Performance 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 flagging above the 10ema still, earnings next week

TSLA pulling in sharply towards the 10ema, looking for support in that area

META still near the 21ema area

SHOP pullback, see if it sets up continuation setup post gap

ROOT double inside, interesting for those who like these very fast movers

HIMS very negative action after AMZN telehealth announcement

COIN still pulling in, watching for the start of a build sideways, 10ema area

MSTR a bit stronger

VST flagging above the 10ema

APP tried to push but faded, the flag was very short, now watching for longer consolidation to form up here

SEZL for swing traders, flag post gap

RDDT nice inside day, would like a bit long consolidation

LYFT interesting stronger than UBER

AAOI tight post gap but ideally would like an upside reversal or shakeout

RBRK 10ema pullback recent IPO

ALAB forming a range at the 10 ema

OWL 21 ema post base breakout, nice linear mover

UPST tightening near gap lows

BROS one to watch

RBLX first 10ema test

HOOD tight action

AFRM pullback to top of the base

Recent Earnings gaps and powerful moves

These names are good to watch for pullback spots

AAOI APP AXON BROS COIN GEO IONQ UPST TEM BILL DOCS FRSH LUMN ALAB PLTR SOUN LYFT TSLA HOOD POWL Z AX AMSC LUNR PLNT TOST CRDO COHR RDDT RKLB TRMB VST WVE CEIX LMND MSTR SOFI VRT FTNT MCK DFS MLI CADE HIMS MARA HUT ROOT CRS FHN HQY PODD UPWK GEV OKLO NTNX DOCU FN DUOL GDS FOUR SHOP RKLB

Market Thoughts

More pullback, most DV leaders red, good to work off sentiment, watch for stocks holding RS near first pullback spots like 10ema, base pivots, 21emas, gap up lows

Day by Day – Managing risk along the way