Gap Down on Tariffs Round 100? , Some Oops Reversals
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 20, 2026
13 min read
Market Action
Gap down and selloff due to new Trump Tariff & Greenland noise. Gold names gapping up. Some decent bounces in select names especially semis but large caps still acting weak.
Volatility increasing. We’ve seen this play book before. The market will likely push higher on a hint of de-escalation. But until then there is going to be a lot of uncertainty.
Pick spots carefully if participating. Look to require a profit right away and at the close.
IWM still showing much strong action than the QQQ and SPY
QQQ
Gap down and close at lows. Below the MAs
IWM
Gap down but held the 10ema
IBIT
Gap down and close at lows, Risk off indication
Groups/Sectors
DV Leaders
This is from the Market open. Some decent bounces
S&P
More red than blue
Leadership Stocks & Analysis
TSLA
Gap down and close near lows. Still in a downtrend below the 21
GOOG
Attempted rally failed and closed at lows. Testing the 21ema
AAPL
Very wide range bar. Subtle undercut. Extension down. We'll see if this can hold in this area and snap back
META
Gap down, below the MAs
AMZN
Gap down below the 21ema
INTC
Relatively strong action.
PLTR
Follow through lower
NVDA
Gap down below the MAs and level
MU
Fade off highs. Trending
BE
Good action off the open. Trending above the MAs
LLY
Forming a range here. Expecting expansion
MSFT
Gap down. Decent close. Below the MAs
RKLB
Downside reversal testing the 10ema
SNDK
This says "what tariffs?". Trending.
Key Moves
TXG
Oops reversal and pivot reclaim
AAOI
Select semis showed great action
Setups and Watchlist
PLAB
Watching for a range breakout
AEO
Watching for a 21ema reclaim
MP
Watching for a range breakout
ALAB
Watching for a bottoming base breakout
HUT
Watching for a range breakout
VRT
Watching for a range breakout
APLD
Watching for a range breakout
CHYM
Watching for a range breakout
AMD
Watching for a consolidation breakout
TSEM
Watching for a range breakout
LEU
Watching for a range re-breakout
CIFR
Watching for a range breakout.
Q
Keep an eye on this. Held that gap up on market weakness.
NTRA
Watching for a 21ema reclaim
Watchlist & Themes
Larger List
PLAB
AEO
MP
ALAB
HUT
VRT
APLD
CHYM
AMD
TSEM
LEU
CIFR
Q
NTRA
BE
Daily Focus List
AMD
TSEM
ALAB
MP