Upside Reversals After the Selloff – What’s next?

Market Action

QQQ – Tried to oops reversal but mostly faded and chopped the rest of the day. Shortest term trend remains down and we continue to hold near the AVWAP from the low

IWM – similar action and indecisive close

Trends (1/4 Up)

Shortest – 10 Day EMA – Below declining
Short-term – 21 ema – Below declining
Intermediate term – 50 sma – Below declining
Longterm – 200 sma – Up – Above Rising

Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA bears still in control as it faded after an initial Oops

GTLB strong move on earnings beat but also a lot of overhead

CAVA forming a range. Watching for a U turn

CPNG strong push from tight area

HQY outside day after earnings

NTNX upside reversal after gap

RDDT forming a higher low here. Sitting on the IPO AVWAP

LNTH upside reversal

DOCS flagging

MHO this one cna trend when the theme is in favor

PLTR upside reversal

DUOL upside reversal

ONON big shake see if it follows through up

AFRM see if it can u turn

META upside reversal, todays low is key

IBIT Oops reversal

Market Thoughts

Upside reversal action in many names after yesterday’s move lower. Some reversals stronger than others. Todays lows are key, see if we can hold their areas and build.

Bulls can show themselves by follow through up on today. Bears by continuation down

Day by Day – Managing risk along the way