The Market Rallies After the Fed Cuts Rates

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

Good action after the Fed cuts rates. Now what will be key is if we get follow through, Many stocks are still coiled especially AI/Semi names. ORCL down after hours may impact the theme as well. Overall we are still in a developing uptrend.

QQQ
Strong action trying to push out of this range it has been forming against the level. Now we need to see follow through
IWM
Pushing out of the range and into new highs. Some fade into the close.
IBIT
Inside day at the level and 21ema. Looks to be ready to push out of this bottoming base.

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

Current View: Developing Uptrend

Groups/Sectors

Deepvue Theme Tracker
Most themes strong today
DV Leaders Heatmap
Strong expansion from the growth stock universe
S&P Heatmap
Post Movers
ORCL down on earnings. Could impact the AI theme tomorrow

Leadership Stocks & Analysis

TSLA
Forming out a handle here. Watching for a breakout. Ideally contracts first
GOOG
Acting great, forming this range above the MAs, watching for a breakout
AAPl
Forming a tight range on the base pivot. Watching for a range breakout
META
Pulling back to the prior range. Upside reversal.
AMZN
Turning up and reclaiming the 21ema
INTC
Tight in this handle, upside reversal, watching for follow through up
PLTR
Testing the base pivot. Ideally forms a range here
NVDA
Still in this range on top of the former base pivot. Watching for expansion
AMD
Very tight at the 21ema, expecting expansion tomorrow. Down a bit after hours. Watching for a range breakout
VRT
Holding the 21ema.
MU
New highs
BE
Break lower from the tight day on the 21ema. Needs to hold here.
LLY
Still in pullback mode, watching for a 21ema reclaim
AVGO
Strong action ahead of earnings

Key Moves

WRBY
Up on analyst upgrade and GOOG AI Glasses partnership
GEV
Very strong action after the positive announcements. Good push after testing the base pivot.
WDC
Strong range breakout. SNDK as well

Setups and Watchlist

AEIS
Watching for a range breakout
BKV
Watching for a range breakout. Oil and Gas Theme. Recent IPO
HCC
Watching for a range breakout
LMND
Watching for a base breakout
LSCC
Watching for a range breakout
EOSE
Watching for a range breakout
PL
Watching for a Day 1 Gap and Go
TVTX
Watching for a range breakout
CLSK
Watching for a range breakout
BTU
Watching for a range breakout
TXG
Watching for a range re-breakout
FLNC
Watching for a range breakout
PARR
Watching for a 21ema reclaim
SEI
Watching for a range breakout
GRAL
Watching for a flag breakout
NXT
Watching for a 21ema reclaim

Watchlist & Themes

Larger Watchlist

AEIS BKV HCC LMND LSCC EOSE PL TVTX CLSK BTU TXG FLNC PARR SEI GRAL NXT NVDA AMD VRT TSLA BE LLY

Daily Focus List

AMD BTU TXG EOSE

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 BTU FROG LRCX LUMN REAL UPWK VICR SANM INOD GSAT JAZZ APPN COLL ESTA SMTC DOCN TSLA DY GEV WGS AMTM EGO KSS FLNC CIFR AEIS BKV LSCC EOSE PL TVTX PARR SEI LLY HCC

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 AEO FROG CRDO MDB CRDO AEO PATH PL GEV

Additional Thoughts

Good action after the Fed but now follow through is key.

Retail Theme continues to act well. Noticing Oil and Gas as well as mining/materials names setting up. Names are still coiled.

Recent Trade Lab Reports

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