TSLA New All Time Highs – Positive Expectation Breaker
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
December 11, 2024
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Market Action
QQQ – positive expectation breaker and strong close
Short Term Expectation based on the close is consolidation or higher
Bulls want to see us follow through higher or constructive flag sideways
Bears want to see us reverse down
IWM – building here with a gap up.
Bulls would want to see us hold the 21ema and push higher
Bears want to see us break below the 21ema sharply
IBIT- nice pop through the flag
Bulls want to see us follow through higher
Bears want to see a reversal lower
Trends (4/4 Up)
Shortest – 10 Day EMA – Up Above Rising
Short-term – 21 ema – Up Above Rising
Intermediate term – 50 sma -Up Above Rising
Longterm – 200 sma – Up – Above Rising
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Groups/Sectors
Performance Today
Performance Charts from Deepvue
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Key Stocks and Moves in Deepvue
NVDA Doing want it needs to to hang on. Just under the mas
TSLA Green line breakout to new all time highs
META continuation up form the inside day
AMZN trending
MSTR push higher
GOOG breakout to ATHs
RDDT positive expectation breaker, wwould like to see some range building into the 10ema
PLTR big upside reversal, this may have more in the tank
Stocks Setting Up
AS 10 ema tight range
UPWK 10ema range
RKLB forming a range above the 21ema and green line. watching for follow through higher
EXEL fomring a spot against the 21ema
ZK upside reversal, recent IPO
SMTC upside reversal, watching for follow through
AOSL range above the base pivot
ASAN would like this to build out more and let the 10ema catch up
BKKT upside reversal in this range
CRDO just below the hvc
NNE 50 sma upside reversal, watching for follow through higher
LMND at the 21ema
WGS 2 tight days
GEO tight action pullback, watching for push higher
BILL tight day, watching for push higher through the pivot
UPST positive expectation breaker, watching for push higher
COIN pos ex breaker, watching for follow through up
Themes and Leaders
Key Themes
Crypto, Fintech, Software, AI, Semis, Alt Energy
These names have the top RS, growth stories
TSLA PLTR HOOD MSTR COIN RDDT APP ALAB DUOL NVDA AXON FTNT DASH SHOP GEV VST VRT
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 SNOW ESTC SMTC PSTG OKTA MRVL GAP NVCR RBRK ASAN DOCU
Market Thoughts & Focus
Nice positive expectation breaker in many names that were testing levels. we’ll see if those can follow through up higher. Some ranges forming.
Anything can happen, Day by Day – Managing risk along the way