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NVDA Causes a Reversal

Richard Moglen
Richard Moglen

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

February 26, 2026
13 min read
Market Trend Status
Trend: 2 of 4 UP
✓ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Negative action from the AI leader NVDA and some big shakes today. Even on the names that closed well you want to see it hold those key lows today and follow through up.

Not really the follow through we were hoping for.

QQQ
Big shake lower. Having trouble with the 50sma. Needs to close the week strongly
QQQ chart
IWM
Shake and Reclaim of the 21ema
IWM chart
IBIT
Inside day but no follow through
IBIT chart

Current View: Correction/Developing Uptrend. Rally Attempt in progress

Groups/Sectors

Deepvue Theme Tracker
Deepvue Theme Tracker
Deepvue Ranks
Deepvue Ranks
DV Leaders Heatmap
DV Leaders Heatmap
S&P Heatmap
S&P Heatmap
Post market Movers
XYZ up. DUOL down big
Post market Movers

Leadership Stocks & Analysis

TSLA
Rejected off the 21ema
TSLA chart
META
at the MAs
META chart
MSFT
Downside reversal.
MSFT chart
AAPL
Forming a range before the pivot. another contraction would be constructive
AAPL chart
AMZN
Break lower. Consolidating
AMZN chart
NVDA
Sharp break lower. Needs to snapback or likely rolls over more
NVDA chart
GOOG
Break lower
GOOG chart
SNDK
Shakeout upside reversal, watching for a range breakout
SNDK chart
BE
Big shake to the 10ema, good close
BE chart
MU
shake to the 21ema
MU chart
PL
Upside reversal, good close
PL chart
PAAS
Strong outside day
PAAS chart
RKLB
Push toward the level ahead of earnings
RKLB chart
XOM
Rejected at the pivot for now. still tight
XOM chart
GEV
Wicked action. Good close.
GEV chart
LITE
Some follow through down
LITE chart

Key Moves

SEZL
Gap up but off lows
SEZL chart
IONQ
Bottoming action gap up
IONQ chart

Setups and Watchlist

AA
Watching for a consolidation re-breakout
AA chart
ATRO
Watching for a consolidation breakout
ATRO chart
CAVA
Watching for an HVC breakout. ideally builds a bit more out
CAVA chart
DY
Watching for a range breakout
DY chart
FSLY
Watching for a range breakout
FSLY chart
SN
Watching for a range breakout
SN chart
KMT
Watching for a range breakout
KMT chart
MOD
Watching for a range re-breakout
MOD chart
MOD
Watching for a range breakout or pos ex off the 21ema
MOD chart
RRX
Watching for a range re-breakout
RRX chart
VAL
Watching for a range breakout
VAL chart
SOLS
Watching for a range breakout
SOLS chart

Watchlist & Themes

Larger Watchlist

AA ATRO CAVA DY FSLY SN KMT MOD POWL RRX VAL SOLS SNDK

Daily Focus List

SNDK AA ATRO FSLY SN

Additional Thoughts

Some vicious shakes today. Not really the action you want to see from the key semi leader NVDA. We’ll see how the week plays out.

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