Tight Day. META Reconfirms
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 4, 2025
Market Action
QQQ – Tight day. Gradual increase. PLTR some volatile action.
Bulls want to see us trend higher above the 10,21 emas
Bears want us reverse back lower to end the week below the 10ema
Daily Chart of the QQQ.
IWM – Tight day, watching for reconfirmation
IBIT – Slight negative expectation breaker and potentially a lower high tomorrow. On guard for a break below the 21. Needs to form a range here
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
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA Follow through down and testing the 21ema. needs to hold and build here
PLTR Sharp break lower from the two tight days and then a retest and bounce off the prior range pivot.
NVDA Upside reversal against the deepseek level
META Strong follow through after the tight day
HOOD Tight day
MSTR inside day but closing back below the 21
CRWD Decent action after the earnings gap down. needs to hold and build here
UBER Tried to push higher but faded against the range pivot and 21ema area
HIMS another reversal down, on watch for a 21ema break. Bulls would want an upside reversal and hold of the range lows
Key Moves
APLD follow through higher after the tight day
GWRE strong gap on earnings
CRWV may start to go more parabolic
RDDT range breakout
Setups and Watchlist
CRK whippier name, watching for a consolidation breakout
INOD ideally tightens more, watching for a spot up the right side. Fast mover
MGNI very tight expecting expansion tomorrow up or down.
SEI watching for a range breakout
TEM watching for a range breakout
KRMN weak today but watching for a range breakout
BROS watching for a range breakout
IBKR watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
CRK, INOD, MGNI, SEI, TEM, KRMN, BROS, IBKR
Focus:
TSLA NVDA BROS MGNI
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber,
Market Thoughts & Focus
TSLA on watch for a pullback buy against the bottom of the range. Overall names acting well. Trending
Anything can happen, Day by Day – Managing risk along the way
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