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Gap Up and Follow through Down

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

December 15, 2025
15 min read
Market Trend Status
Trend: 2 of 4 UP
✗ 10 EMA ✗ 21 EMA ✓ 50 SMA ✓ 200 SMA

Market Action

Gap up and then some follow through lower. The best thing to do now is to build RS lists and identify themes holding up the best. Retail and Biotech are the current leading themes.

Look for stocks ignoring the market weakness, holding above MAs, pivots.

Remember, the market and stocks can shape up a lot faster than we think so stay optimistic and do the homework.

My watchlist/RS list is below.

QQQ
Gap up, then follow through below the level
QQQ chart
iWM
Gap up and then breakdown below the pivot
iWM chart
IBIT
Break down below the recent range. So far the 21ema has been clear resistance
IBIT chart

Trends 2/4 Up – based on the QQQ

Shortest – 10 Day EMA –   Below
Short-term – 21 ema – Below
Intermediate term – 50 sma – Above
Longterm – 200 sma – Up – Above Rising

Current View: Developing Uptrend (Under Pressure)

Groups/Sectors

DEEPVUE Theme Tracker
Most themes down
DEEPVUE Theme Tracker
DEEPVUE LEADERS HEATMAP
Retail theme continues to act well
DEEPVUE LEADERS HEATMAP
S&P Heatmap
Bio Pharma LLY acting well
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Very strong RS following through in this market. Some fade off highs.
TSLA chart
GOOG
Leading the megas with TSLA. Acting well looking to hold the 21ema. Below we do have the 300 level & gap fill.
GOOG chart
AAPL
Downside reversal breaking below the range
AAPL chart
META
Held up well today. Weird price print artifact Friday.
META chart
AMZN
Follow through down
AMZN chart
INTC
Slight follow through lower
INTC chart
PLTR
Holding up better than most above the 21ema. Well above the prior days low as well
PLTR chart
NVDA
Consolidation day after the downside reversal
NVDA chart
MU
Gap up but then some follow through lower
MU chart
BE
Follow through down. Close to the key level
BE chart
LLY
Acting well, pushing from the inside day at the 21
LLY chart
AVGO
Very negative follow through down
AVGO chart
FSLR
Tight day sitting on the 50sma
FSLR chart

Key Moves

AEO
Retail topping the DV leaders with AEO and ANF.
AEO chart
CIFR
Crypto miners taking a hit today. HUT as well
CIFR chart

Setups and Watchlist

CRK
Keeping an eye on this oil and gas name
CRK chart
DASH
Holding up the past month as it builds this base near the key weekly level (prior ATH green line)
DASH chart
EYE
Setting up for a base breakout
EYE chart
HCC
Setting up in this consolidation after the buy point last week
HCC chart
SN
Keeping an eye on this recent IPO that has been basing since 2024
SN chart
MDB
Still holding up well
MDB chart
GRAL
Watching for a 21ema reclaim
GRAL chart
ARQT
Watching for a range breakout. Fast mover. Bio
ARQT chart
AMTM
Watching for a range breakout
AMTM chart
CDE
Miners setting back up
CDE chart
PL
Watching how it acts versus the HVC level
PL chart
CRS
2 Tight Days. Watching for a consolidation breakout
CRS chart
PLAB
Holding up relatively well. Watching for HVC reclaim
PLAB chart
VCYT
Many bios look similar. See ZYME as well
VCYT chart
GEV
Top focus in energy space. Watching for a bounce off the base pivot
GEV chart
TER
Of semis this is among the best in terms of RS
TER chart
RIVN
Not really actionable in any way but should be on your RS list.
RIVN chart
FLS
A few names involved in data center fabriaction holding above their MAs. VICR DY
FLS chart

Watchlist & Themes

Larger Watchlist/RS List

AEO CRK DASH EYE HCC MDB SN GRAL ARQT AMTM CDE PL CRS PLAB VCYT GEV TER RIVN FLS GOOG TSLA PLTR

Highest Focus among RS List

TSLA GOOG PLTR RIVN GEV SN PL

Universe List

AAPL ALAB AMD AMZN APLD ARM BABA BE BKKT CCJ CLSK CRDO CRS DELL FIX FLS FSLR GGAL GOOG GOOGL GRAL HOOD HUT INSM INTC LEU LMND MELI META MSFT MU NBIS NET NIO NVDA OPEN PATH PLTR QCOM RGTI RKLB RMBS SHOP SNDK SNOW SOUN STNG STRL STUB TAC TEM TER TWLO VRT MDGL RIVN SEDG TDC VCYT U QLYS NXT DDOG METC TXG ASTS CRWD FLY CSIQ RDDT ANF BTU FROG LRCX LUMN REAL UPWK VICR SANM INOD GSAT JAZZ APPN COLL ESTA SMTC DOCN TSLA DY GEV WGS AMTM EGO KSS FLNC CIFR AEIS BKV LSCC EOSE PL TVTX PARR SEI LLY HCC CLS TTAN HOUS RGEN MDB GEMI YOU HNGE TARS COCO GH NTRA

Recent Gaps

AKAM AMD AMGN AMZN ANF APPN BBAI BE CAH COHR CRS DDOG DOCN DY EXPE FLS FROG GCT GGAL GH GTX HAE HCC ILMN INTC ISRG LC LMND MEDP NET OPEN PAM PBF PEGA PGNY PLNT QCOM QLYS RDDT RIVN ROK SANM SITM SLDP TDC TWLO TXG U VCYT VIAV VICR VIST XMTR YPF AEO FROG CRDO MDB CRDO AEO PATH PL PLAB

Additional Thoughts

We’ll see how this week closes. Not too much follow through down today but stocks need to shape up. TSLA a clear market gauge if it can hold near the base pivot that’s a good sign.

Recent Trade Lab Reports

  • xnapper 2025 12 19 16.43.14.png

    Reclaim of the Level to End the Week. Space Theme in Focus
    December 19, 2025
    14 min read

  • Gap Up and Hold. Choppy Action
    December 18, 2025
    14 min read
  • xnapper 2025 12 17 17.58.45.png

    Re-confirmation Down. TSLA GEV Reversals
    December 17, 2025
    13 min read

  • TSLA Breaks Out – Key Upside Reversal Day
    December 16, 2025
    14 min read
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