SG Breaks Out. NVDA Set Up - Stock Market Analysis
Hi everyone,
I hope you are having a great Friday!
In this article I’ll concisely share my thoughts on the day’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 - tried to push out but could not quite stick it. But holding above the moving averages
IWO sold from the open, testing the lows of this range. A positive if it can hold and recover
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
Results show the fade from the open
Key Stocks in Deepvue
Current Universe list:
AA AAPL AMZN ANF APP ASPN BPMC CCJ CEG CAVA CRWD CLSK CMG COIN CPNG CRS CVNA DUOL GCT GE GOOG GOOGL HOOD HWM IOT KD LIVN LPX LRN MARA META MOD MSFT MU NFLX NTNX NVDA OSCR PAAS PI ALAB PLTR PRCT QCOM SG SMTC STRL TDW TEVA TMDX TNDM TOST TSLA TWST TXRH VRT VST WING ZETA
NVDA forming this flag and looks great
MU a bit stronger
TMDX strong action since the earnings gap
TWST forming a range above the HVC
SG powerful gap. not the best close likely because of market effects
CAVA pushing higher
APP acting well. this is a continuation gap
LPX double inside in spirit. this is resolving a larger pattern on the weekly
BROS extremely strong. keep an eye on this
TOST strong action post gap
Market Thoughts
Market’s above the 21ema. Seeing a lot of setups. Semis and Fast Food theme In focus
What are your thoughts on today’s action? (Leave a comment below)
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Cheers!
Richard