TSLA Break Higher. HIMS Gap Down. Market Shakes off Attack on Iran and Starts Move to Highs
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 24, 2025
Market Action
QQQ – On a technical level strong action after a move lower to the 21ema. Great close as the market continues to consolidate. We may be starting a push higher to the prior all time high
Bulls want to see us follow through higher from here
Bears want us to reverse lower and close below the 21ema
Daily Chart of the QQQ.
IWM – Even stronger action
IBIT – could be forming a base near highs. Strong upside reversal. Watching for a pop back through the 21ema and the next tight area
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 strong breakout from the range on the robotaxi launch news. Key name to watch if not in.
PLTR forming a range here, watching for expansion higher
NVDA still forming this range, needs to break or risk too tight for too long
META great bar exactly what you want to see. Building this range
HOOD forming a range.
MSTR at the lows of this consolidation, watching for a push higher if bitcoin also pushes
CRWD strong bar. Base on base type action
Key Moves
HIMS gap down and follow through on NVO ending partnership.
Setups and Watchlist
AFRM swing trade setup
VEEV watching for a range breakout
PAAS watching for a range breakout
SATS very fast mover, watching for post gap range breakout
SN watching for follow through up
NRG watching for a range breakout
AVGO watching for a range breakout
TOST watching for follow through higher
NBIS watching for a flag breakout. fast mover
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
AFRM VEEV PAAS SATS SN NRG TOST AVGO NBIS
Focus:
NRG GEV ODD AVGO
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Good response to news catalysts. Leaders look primed to expand higher and continue trends.
Anything can happen, Day by Day – Managing risk along the way
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