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Market Action
QQQ – Flagging sideways, good upside reversal action. Feels constructive after the breakout
Short Term Expectation based on the close is consolidation or higher
Bulls want to see us flag out and then reconfirm higher
Bears want to see us reverse down sharply with a negative bar undercutting recent lows
IWM – weaker, negative bar, want to see this hold and build here letting the MAs catch up
IBIT great follow through, getting a bit short term stretched – odds of a flag out increasing
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Trends (4/4 Up)
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
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Groups/Sectors – % Change
From yesterday’s close on the left, from today’s open on the right
Performance Charts from Deepvue
Deepvue Leaders Heatmap
Group Ranks: 1 Day, 1 Week, 1 Month, 3 Month from left to right
Key Stocks in Deepvue
NVDA good action, stronger than most semis, holding the 10ema
TSLA reversed down and filled the gap, watching to see it build sideways. would love a flag, supported by the 10ema
META fade
SHOP big gap on huge volume HV1 – another gap to watch for an entry tactic
MARA strong day 2 action – inside day, can watch for follow through
MSTR powerful
COIN inside day
AFRM tight day
SE also gapped but negative close, see if it can form a range
HIMS inside day above the base pivot
SQ big volume and powerful as it appraoches big weekly level
CCJ push through the 21ema
UPST gap down but supported off gap low area
TOST push from inside day post gap
FRSH flagging out here
LEU stubby base – would like this to mature more
APP forming a HTF under 300 – ideally builds out more
AAOi spirit of inside day after the power move
PRCT still in this range
LYFT inside day – but the fundamental growth is not really there
RDDT bit of follow through down – see if it can build a range and continue to hold 10ema
PODD inside day
AXOn inside but not best close
MDGL spec bio upside reversal
DOCS forming a range
ALAB upside reversal off the 10ema area, want to see this firm up
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
Market Thoughts
Weakness in IWM but overall things holding up decently – we’ll see what the rest of the week brings, would not mind some more sideways action
Day by Day – Managing risk along the way
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