Negative Close Friday – Time For the Market to Make A Decision
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
March 15, 2026
14 min read
Market Action
Negative close to next week. Open to any scenario. 200SMA is a key level on the QQQ
Be ready for anything.
QQQ
Gap up and then strong reversal down. Testing the 200sma area
IWM
Weaker recently than the Qs. Similar action
IBIT
Gap up and fade. Back tot he key level
Current View: Correction. Rally Attempt Day 4. If we undercut the Mar 9 low that would invalidate the current rally
Groups/Sectors
Theme Tracker
Ranks
DV Leaders Heatmap
S&P Heatmap
Leadership Stocks & Analysis
TSLA
Close below the 200
META
Gap down below the recent consolidation
MSFT
Rejected from 21ema area
AAPL
Break lower
GOOG
Down off the 21ema area
AMZN
Below the level
NVDA
Downside reversal
SNDK
RS, at the level
MU
Through the pivot
BE
Range building, testing the 21ema
PL
Some churning action, at the MAs
PAAS
Break lower
RKLB
Churning below the MA
XOM
Push from the 21ema this week
GEV
Break lower
LITE
Pulling back to the 21ema area
AAOI
Sharp pullback
Key Moves
NBIS
HVC Reclaim. Fade off highs
AG
Miners & Oil names with similar breakdown patterns friday
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Setups and Watchlist
VICR
Watching for a 21ema reclaim
SOLS
Watching for a 21ema reclaim
SDRL
Watching for a range breakout
PLTR
Watching for a range breakout. More a gauge of software names
PL
Watching for a range breakout or breakdown. See LUNR as well
NBIS
Watching for expansion or an upside reversal of the HVC area
LUNR
Watching for a range breakout or breakdown. Earnings upcoming
LHX
Watching for a range breakout
KRMN
Watching for a range breakout
EQIX
Watching for a range breakout
CC
Watching for a range breakout
VRT
Watching for a 10ema bounce
NE
Watching for follow through up
MRNA
Watching for a base breakout
Watchlist & Themes
Larger Watchlist/ RS List
VICR
SOLS
SDRL
PLTR
PL
NBIS
LUNR
LHX
KRMN
EQIX
VRT
NE
MRNA
CC
SNDK
BE
Daily Focus List
VRT
SNDK
NE
MRNA
BE
Additional Thoughts
Ready for any scenario early next week. Bulls want to see a strong rally ideally after an upside reversal. Bears want to see us break below and trend down beneath the 200sma
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