Break Lower from the Tight Area
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
March 12, 2026
12 min read
Market Action
Expansion to the downside today from the tight spots. A step back in the current rally.
I’m not looking to do much except focus on monitoring leaders.
Day by Day.
QQQ
Gap and break down from the tight area
IWM
Break lower
IBIT
Very tight at the key level
Current View: Correction. Rally Attempt Day 4 (Undercut of the low would end it)
Groups/Sectors
Theme Tracker
Ranks
DV Heatmap
S&P HEatmap
Mostly red outside of oil, utilities
Leadership Stocks & Analysis
TSLA
Break lower from the 21ema
META
Break lower
AAPL
Below the MAs
GOOG
Down off the 21
NVDA
Back below the 21
AMZN
Back below the level
MSFT
Having trouble with the 21ema
AAOI
Negative expectation breaker
LITE
Close below the 21
SNDK
Pulling back to the 21ema below this level
RKLB
Tight but churning action under the MAs
MU
21ema pullback
GEV
Testing the 21ema
PL
Still forming this range
PAAS
Upside reversal off the 50
BE
2 straight fades off the level
XOM
Follow through higher
Key Moves
CE
Chemical stocks strong
PUMP
Strong breakout
Setups and Watchlist
CC
Watching for a range breakout
CCJ
Watching for a 21ema reclaim
NE
Watching for a range breakout
VRT
Holding up great. Focus name
NBIS
Recent catalyst. Watching for an HVC reclaim
Watchlist & Themes
RS/Larger Watchlist
CC
CCJ
NE
VRT
NBIS
BE
SNDK
MU
PL
Daily Focus List
SNDK
CCJ
NE
Additional Thoughts
A step back in the rally today. Not looking to do too much.