New Highs Ahead of NVDA Earnings
Hi everyone,
I hope you are having a great Tuesday!
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 - Strong close and new high. Uptrend
IWO inside day, price action looks constructive. Small caps coiling
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
Strong action off the open. Crypto names pullback
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 KLAC ONON PINS
NVDA tightening just under highs before earnings
TSLA strong action as of late. Still in longer term downtrend
MU strong upside reversal off 10ema
POWL strong move. Energy names have been strong
CPNG tight and inside
HOOD very stong up the right side. This is the first base since the break of the large weekly level. Straight off the bottom so watching for a shelf to form/10ema pullback
RDDT forming a handle here
HIMS rejected right at the HVC today
SG hit raised stops today.
COIN few days sideways would set up an EMA crossback
LLY breakout from the base
Market Thoughts
Nice action off the open. All eyes on NVDA earnings tomorrow
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Cheers!
Richard