Trending
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 29, 2025
Market Action
QQQ – Another tight day as we continue to trend
Bulls want to see us continue to ride the MAs higher
Bears want to see a sharp expansion day down closing close to lows
Daily Chart of the QQQ.
IWM – Pullback to day but holding the prior close. tightening as it forms a range
IBIT – Gap and hold back into the range
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above
Short-term – 21 ema – Above
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 Filled the gap, refused to sell off despite “negative” news.
PLTR shake and strong close off the 10ema, trending. likely treads water until earnings
NVDA trending, push higher from the short tight range
META some fade but in a range. watching for a push higher
HOOD tight day, watching for expansion
MSTR rejected at the declining 10ema
CRWD fade off the 21ema
Key Moves
ACMR flag breakout
Setups and Watchlist
ADNT watching for a range breakout
DAVE watching for a 21ema pop
GRPN watching for a 21ema pop
NBIS watching for a range breakout
METC watching for a flag breakout. Fast mover
NRG tight day, watching for range breakout
Today’s Watchlist in List form
Focus List Names
ADNT DAVE GRPN NRG METC NRG
Focus:
DAVE NRG METC NBIS
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
We continue to trend. Let your strong names work and watch for negative character changes.
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
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