Crypto and AI Stocks Take the Lead
Hi everyone,
I hope you are having a great Monday!
In this article I’ll concisely share my thoughts on the week’s action. And share a bunch of stock charts that caught my eye.
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Now let’s dive in ↓
Market Action
QQQ - followed through up after Friday’s reversal
IWO similar, but still under highs
Trends ( Based on QQQ)
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
Group/Sectors % Change from the Open in Deepvue
Crypt and SMH standout
Key Stocks in Deepvue
Current Universe list:
AA AAPL AMC AMZN ANF APP ASPN BPMC CCJ CEG CAVA CLSK CMG COIN ARM CPNG CRS CRWD CVNA DUOL FRPT GCT GE GME GOOG GOOGL HIMS HOOD HWM IOT KD LIVN LPX LRN MARA META MOD MSFT MU NFLX NTNX NVDA OSCR PAAS PI ALAB RDDT PLTR PRCT QCOM SCCO SG SMTC STRL TDW TEVA TMDX TNDM TOST TSLA TWST TXRH VRT VST WING ZETA
NVDA positive expectation breaker. Earnings Wednesday
HIMS highest volume ever and strong breakout on weight loss drug news.
MARA moving off the bottom
COIN back above the 21ema and key level
SG strong move from the tight area
CAVA follow through
KLAC new highs
NFLX strong move from the range
CPNG tightening
PINS tightening again
PLTR low in the base but tightening
Market Thoughts
Strong action. Crypto theme comes to life again. Semis we’ll see how NVDA earnings impacts things
Key Resource
We just released the webinar I did on trading VCPs and tight areas. I recommend checking it out below
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Cheers!
Richard