Upside Reversals. Semis Set Up?
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 9, 2025
Market Action
QQQ – Upside reversal within this short term flag. Constructive price action.
Bulls want to see a reconfirmation higher or constructive range building sideways
Bears want to see a sharp break lower below this range testing the 10ema with a negative close.
Daily Chart of the QQQ.
IWM – Riding the 10ema higher.
IBIT – Downside reversal at the 21ema. Interesting the weakness while crypto miners are so strong
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
S&P 500.
Post Market Movers. ASST gapping up on merger news. ORCL Earnings Gap
Leadership
TSLA tight day after the downside reversal. 10ema rising to meet it. Does it hold the gap or break lower. Lots of eyes on this although that’s never stopped TSLA before if it wants to go. Expecting expansion tomorrow.
AAPL Break lower below the 10ema
PLTR Pop higher, got the expansion we were expecting. Think overall this still needs to work out more of a base. The distribution bar gives me pause
NVDA Strong day! Upside reversal closing well above the undercut level. Moving averages above
META Held the level and strong action, positive expectation breaker
HOOD nice close, overall more of a consolidation day after respecting the pivot.
RDDT Positive expectation breaker and inside day. Right at the previous pivot. Watching for follow through higher
ALAB Very tight inside day after the breakout move yesterday. Constructive.
MSFT Drift higher below the moving averages. On guard for follow through lower but bulls would want to see a failed breakdown.
Key Moves
NBIS on MSFT AI deal. Slight undercut of the all time high level and then a good close. Momentum name that’s in play. Ideally forms a tight range
HUT and crypto miners stood out today
LEU range breakout. Ideally follows through. OKLO nice move as well
IONS post gap range breakout.
INOD incredible surge past few days from base lows. one to watch if it tightens and sets up
Setups and Watchlist
AAOI tightening. Choppy trader but can really move. Watching for a range breakout
INTC watching for a range breakout. This has been a dog of a stock for so long. But can make quick surges
KTOS. Strong trend, watching for a range breakout
LC watching for a range breakout. Tight Day
OUST watching for a range breakout. Fast Mover
PSTG watching for a range breakout. make it or break it point
PSKY watching for a range breakout
RKLB shook out and now forming another spot. Watching for a range breakout
AEO watching for a post gap u turn
MP watching for a pop through the undercut level
TTMI watching for a consolidation breakout. Note the increase in average volume
TEM watching for follow through.
AMSC watching for a range breakout
Today’s Watchlist in List form
Focus List Names
AAOI INTC KTOS LC OUST PSTG PSKY RKLB AEO MP TTMI TEM AMSC TSLA RDDT NVDA
Focus:
TSLA AEO RKLB TTMI
Themes
Strongest Themes: AI, Miners, Software, Energy
Market Thoughts & Focus
Good action today with pushes off lows. Still see quite a few names setup. Semi names look poised for expansion.
Anything can happen, Day by Day – Managing risk along the way
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