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 ↓
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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Cheers!
Richard
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Great charts and great ideas