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Turning Point for the Market? Megacap Earnings to Begin

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 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✗ 200 SMA

Market Action

Nice push higher as we await the first mega-cap earnings tomorrow. We are at a point where if earnings season is strong, we can really begin an opportunity period in the market. I’ve been chopped up a bit to begin the year but recognize that things could change quickly.

Some nice recoveries today in the space and Data center themes.

QQQ
Strong push higher testing the Unfilled gap area. If we overcome this it starts an uptrend. We are up multiple days in a row.
IWM
Upside reversal on the 10ema. Ready to resume higher?
IBIT
Good reaction. Reclaiming the level and back in the range. Below the MAs

Groups/Sectors

Deepvue Theme Tracker
Bounce back from the bitcoin mining theme
DV Leaders Heatmpa
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Earnings Tomorrow. Currently basing. The markets looking for growth areas & AI/robotics updates
GOOG
Tight day
AAPL
Gap up but fade back below the 21ema
META
Right at the 200 day moving average ahead of earnings.
AMZN
Strong push from the inside day
INTC
Positive expectation breaker. Still has to absorb the selling
PLTR
Below the MAs, needs an earnings move to get going
NVDA
Setting up under this pivot
MU
Trending
BE
Strong outside reclaiming the 10ema and level
LLY
Downside reversal
MSFT
Strong push ahead of earnings off the bottom
RKLB
Subtle positive expectation breaker at the 21ema.
SNDK
Trending, building a range under the 500 area

Key Moves

GLW
Meta AI deal. Gap on HV1. Earnings Tomorrow BMO
IREN
Positive expectation breaker. APLD CRWV similar action

Setups and Watchlist

DY
Watching for a range breakout
Gral
Watching for a base breakout
CHYM
Watching for a range breakout
SPHR
Watching for a range breakout and level reclaim
WRBY
Watching for a range breakout
SN
Watching for a range breakout
LGN
Watching for a bounce off the base pivot
PLAB
Watching for a range breakout
LMND
Watching for a bounce off the 10ema
LEU
Failed breakdown with the strong bar today. Watching for follow through up

Watchlist & Themes

Larger Watchlist

NVDA GOOG TSLA BE DY GRAL CHYM SPHR WRBY SN LGN PLAB LMND LEU

Daily Focus List

GRAL CHYM SPHR PLAB LMND

Universe List

AEM ALAB AMAT AMD AMKR ANAB APLD ARM ARWR ASTS ATRO AXGN AXSM AXTI BABA BE BIDU BLLN BTU CCJ CHYM CIFR CMPO COHR COMP CRK CRWD CRWV CSIQ CTRI CVNA DDOG DOCN DY EGO EOSE FIGR FLNC FLS FLY FROG GEV GFS GH GILD GLW GOOG GRAL GSAT HL HP HUT INOD INTC IREN KLAC KRMN KTOS LEU LGN LMND LRCX LUNR METC MRCY MRNA MU NAVN NBIS NEM NET NTRA ONTO PAAS PL PLAB POWL Q RDW RGEN RKLB SATS SCCO SEI SITM SKYT SN SNDK SNDX SOLS SPHR SSRM STNE STUB STX TDC TER TSEM TSLA TTMI TXG UCTT VICR VOYG VRDN VRT VSCO WRBY ZIM

Additional Thoughts

Recent Trade Lab Reports

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