PLTR Earnings Gap with Highest Volume Ever

Hi everyone,

I hope you are having a great Tuesday!

In this post I’ll concisely share my thoughts on the day’s action. And share a bunch of stock charts that caught my eye.

Now let’s dive in ↓

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Market Action

The QQQ is forming a range at highs. good close off lows

IWO pushed higher and Is back above the 21

Trends ( Based on QQQ)

Shortest - 5 Day SMA - Up - Above Rising

Short-term - 21 ema - Up - Above Rising

Intermediate term - 50 sma - Up - Above Rising

Longterm - 200 sma - Up - Above Rising

Group/Themes Action

Biotech and pharma among top performers

Daily Performance charts:

Key Stocks in Deepvue

PLTR the standout today. Earnings gap and highest volume ever

SMCI still trending

NVDA holding in as well. AMD weaker

ARCB this breakout is from a larger base going back to 21.

ALT from the wide list nice move from the tight area

S tightening

APPF forming a range after gap

SNOW holding up after breakout

LABU pushing off mas

NET tight

Market Thoughts

Nice to see some small and mid caps working. Noticing a lot of tight ranges in my wide screen. we will see how those resolve.

Names with RMV < 3

AXP BBIO BLDR BRZE CRWD DLR ENOV FICO HUBB JBL MANH MNDY MRVL NET PCOR PH RNR S SAIA SHOP SMTC SYF TMDX TOL TRIP TRU ULTA KSPI CRBP ARDX AMZN EEFT TPX PSTG RVSN VERA MARK YNDX SNOW WING KURA OWL IBM ALLY ESTC NMR WDC SLM PHUN DYN DKNG APPF

Reminder:

Risk Management is Paramount

Refuse to enter randomly without managing risk and wait for the spots to develop, they will. Stocks during strong moves always pull back to the 21 ema, 50 sma multiple times. Look for a tight and logical entry point.

Have patience, focus on the best stocks with the greatest potential. These will telegraph the rest of the market.

Take it day by day and manage risk along the way. Be ready for anything

What are your thoughts on today’s action? (Leave a comment below)

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Richard


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