SLV Top? Warning Signs… Rotation
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 1, 2026
14 min read
Market Action
QQQ Weak action friday. Bitcoin more distribution. SLV Gold theme with parabolic drops as well as the memory names.
Signs of a weakening market. Defensive and very selective mindset currently. Some rotation underway.
QQQ
Not a good close. Within the lower half of the bar.
IWM
Close below the 21ema
IBIT
Closed, close to lows. Bitcoin over this weekend broke the key consolidation low.
SLV
Parabolic Drop
2/4 Up – Close back below the 10 and 21ema. Volatile action
Groups/Sectors
Deepvue Theme Tracker
Distribution, especially in miners
DV Leaders Heatmpa
S&P heatmap
Leadership Stocks & Analysis
TSLA
Positive expectation breaker but a fade off highs. Expecting expansion next week
GOOG
Inside day, trending. Earnings upcoming
AAPL
Good action after the gap down but testing the 21ema area
META
Looks to test the gap up low. We don't want to close to much lower than that level
AMZN
on the key level, fade off highs. Earnings Feb 5
INTC
Downside reversal
NVDA
Big fade off highs. tight open to close
MU
Downside reversal, wider range bar. Still trending but a warning especially with SNDK's action
BE
10ema pullback, earnings upcoming
LLY
bouncing off base lows. Earnings upcoming. Below MAs
MSFT
Inside day. Below all MAs
RKLB
Downside reversal and close below the 21ema
SNDK
Selloff after the earnings gap. Large volatility. Warning sign for the strongest stock
PL
Fade to range lows and 21ema
PAAS
Gap down and fade off highs
Key Moves
DECK
Gap up. Still stage 4ish Stage 1
Setups and Watchlist
AXSM
Watching for a range breakout
QGEN
Watching for a range breakout
BLLN
Watching for a failed breadown
SPHR
Watching for a base breakout
GLW
Watching for a range breakout.
FTRE
Watching for a range breakout.
ANAB
Watching for a range breakout.
TXG
Watching for a flag breakout.
NXT
Watching for an HVC breakout/ u turn
PLAB
Watching for a range breakdown below the 21ema (Short Side Feedback)
PBF
Watching for a range breakout
SN
Watching for a 21ema reclaim
SEI
Watching for a base breakout.
CHYM
Watching for a 50sma bounce and 21ema reclaim
SOLS
Recent spinoff. Watching for a 10ema bounce and range pivot reclaim
Watchlist & Themes
Larger Watchlist
AXSM
QGEN
BLLN
SPHR
GLW
FTRE
ANAB
TXG
NXT
PLAB
PBF
SN
SEI
CHYM
SOLS
Daily Focus List
SPHR
SOLS
GLW
FTRE
Universe List
AEM
ALAB
AMAT
AMD
AMKR
ANAB
APLD
ARM
ARWR
ASTS
ATRO
AXGN
AXSM
AXTI
BABA
BE
BIDU
BLLN
BTU
CCJ
CHYM
CIFR
COHR
COHU
COMP
CRK
CRWD
CRWV
CSIQ
CTRI
CVNA
DDOG
DOCN
DY
EGO
EOSE
FIGR
FLNC
FLS
FLY
FORM
FROG
FTRE
GEV
GFS
GH
GILD
GLW
GOOG
GRAL
GSAT
HL
HP
HUT
IBRX
INOD
INTC
IREN
KLAC
KLIC
KRMN
KTOS
LEU
LGN
LITE
LMND
LRCX
LUNR
META
METC
MRCY
MRNA
MU
NAVN
NBIS
NEM
NET
NTRA
NVDA
NXT
ONTO
PAAS
PBF
PL
PLAB
POWL
PRIM
Q
QGEN
RDW
RGEN
RKLB
SATS
SCCO
SEI
SITM
SKYT
SN
SNDK
SNDX
SOLS
SPHR
SSRM
STNE
STUB
STX
TDC
TER
TEVA
TSEM
TSLA
TTMI
TXG
UCTT
VICR
VOYG
VRDN
VRT
VSCO
WRBY
ZIM
Additional Thoughts
Themes: Semis at key points, weakening. Space similar, memory Hardware similar
Oil and Gas, Biotech Life sciences potential rotation into them.