Tariff Reversal
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 21, 2026
13 min read
Market Action
Tariffs put on hold for now and the market rallied strongly a result. De-escalation happened faster this time.
Still below the 21ema. Semis continue to be an area of focus and strength among growth names. Mega caps still lackluster. Earnings season could kick things off.
Encouraged by the action in individual names! Now to see follow through.
QQQ
Strong push higher up into the declining 21ema. That's a key level to overcome
IWM
Strong action as this continues to lead. Trending
IBIT
Strong Upside reversal. We need to see follow through now
Groups/Sectors
Deepvue Theme Tracker
Semis the strongest growth theme today. Noted the strength & setups yesterday.
DV Leaders Heatmap
Miners taking hits
S&P
Strong action across the board
Leadership Stocks & Analysis
TSLA
Push higher but no reclaim just yet of the MAs. Still needs to build out a bit and prove itself.
GOOG
Strong outside day at the pivot. Watching for follow through
AAPL
Inside day after the extension down. Direction undetermined. Needs to form higher lows.
META
No mans land, below the MAs
AMZN
Strong upside reversal. Needs to follow through up and get above the MAs. We have an unfilled gap there too.
INTC
Strong push into earnings. Should bring us more info on AI/semi names
PLTR
Below the MAs. Overall stage 3 action.
NVDA
Slight gap up as it pushes into key levels.
MU
Trending
BE
Strong trend. Right at highs.
LLY
Push higher from the range, reclaiming the MAs
MSFT
Below all the MAs. See if earnings can wake it up
RKLB
Undercut and rally of the 10ema. Could consolidate more
SNDK
Very strong action. Getting more extended into the 500 level.
Key Moves
MRNA
Expansions in this space. See BNTX as well
LMND
Follow through and breakout on TSLA news
AMD
Strong push higher
Setups and Watchlist
CRS
Watching for a base breakout
AAOI
Watching for a range breakout through recent highs
APLD
Watching for a range breakout
LGN
Watching for a base breakout
HUT
Watching for a range breakout
EOSE
Watching for a range breakout
CHYM
Watching for a range breakout
ALAB
Likely shook a lot of people out today. Watching for a consolidation breakout
NBIS
Watching for a consolidation breakout
Watchlist & Themes
Larger Watchlist
CRS
AAOI
APLD
LGN
HUT
EOSE
CHYM
ALAB
NBIS
GOOG
TSLA
Daily Focus List
ALAB
NBIS
CHYM
EOSE
Additional Thoughts
Noticing lots of shakeout type bars today. Now we need to see follow through from those.