The Market Breaks Out to New Highs. NVDA Out of the Handle
Hi everyone,
I hope you are having a great Wednesday!
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.
Before we get into it, I will be doing a Free Webinar today at 6pm EST on trading VCPs/tight ares and the RMV Indicator. I hope to see you all there! You can sign up using this link: https://us06web.zoom.us/webinar/register/WN_0V4z8iyQQ76aa7r3WtSC8Q
Now let’s dive in ↓
Market Action
QQQ strong push today to new highs
IWO also pushing from this handle
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
Social Media/Meme, Semis/AI, Fast Food, Miners, China, Crypto
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 breakout form the handle. Earnings coming up
COIN retaking the key level and 21ema, crypto names all pushing today. MARA CLSK
HOOD supported off the 21ema and 50 sma
AA upside reversal
PINS still against the pivot
KLAC strong follow through
ALAB pushed from the range
SG tight against the HVC
Market Thoughts
Very strong day from growth names and leading themes. Stay composed and with your plan. Be prepared if we back and fill some.
What are your thoughts on today’s action? (Leave a comment below)
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Cheers!
Richard
Question: What are the criteria for a stock to be listed in the Key Stocks in Deepvue section? Thanks Richard!