NVDA Gaps Higher - The Market Chops
Hi everyone,
I hope you are having a great Saturday!
In this article I’ll concisely share my thoughts on the weeks’s action. And share a bunch of stock charts that caught my eye.
Last Chance for the Deepvue Memorial Day Sale
Today is the last chance to take advantage of the special Deepvue Deal we have for memorial day. Welcome to the many of you who have joined over the past few days
Now let’s dive in ↓
Market Action
QQQ - tight action closing near the open
IWO weaker action off the open
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
Semis and more defensive/cyclical names strongest
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 POWL FSLR ELF AMD SMCI DELL
NVDA powerful gap but stretched in short term. Be ready for volatile action
HIMS strong action U-turning after the gap up
ARM powerful move through the 50 after RMV tight signal a day ago
RDDT strong move from 21ema pullback and RMV tight signal
PAAS gapping up after the base pivot pullback
DECK strong day 2 action
ONON continued follow through
COIN pulled back into the 50 day before pushing the key level
TWST forming a range at the 21
Market Thoughts
Some choppy action today but things holding in. The Leader NVDA is stretched so be on guard. Things are trending
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Cheers!
Richard