Gap Down, Decent Close. New Rally

Richard Moglen
Richard Moglen

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

March 19, 2026

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Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

We’re at a very interesting spot here. New market rally low on the indexes but many individual names have decoupled a bit and are potentially setting up. I included below my priority list of around ~50 names.

The indexes are still in downtrends and choppy but stocks are improving. Today’s low needs to hold as we start a new rally count. The best scenario would be strong follow through higher.

If you have been sitting out for the most part don’t disengage too much. Do your homework.

QQQ
Gap down below the 200sma. Decent close. New rally key low
QQQ chart
IWM
Strong Bar! Still below the 10,21ema
IWM chart
IBIT
Gap down, could not recover the prior day low
IBIT chart

Current View: Correction
Rally Attempt Day 1

Groups/Sectors

Theme Tracker
Theme Tracker
Ranks
Ranks
DV Leaders Heatmap
DV Leaders Heatmap
S&P heatmap
S&P heatmap

Leadership Stocks & Analysis

TSLA
Gap down below the 200sma
TSLA chart
META
Push lower into a key prior level area
META chart
MSFT
Leaking lower
MSFT chart
AAPL
Testing the 200sma area
AAPL chart
GOOG
Stronger than the other megas. Below the 21ema
GOOG chart
AMZN
Below the MAs
AMZN chart
NVDA
Testing the 200sma
NVDA chart
SNDK
Strong action off the open
SNDK chart
MU
Good recovery after the earnings gap down
MU chart
BE
Oops reversal to outside day
BE chart
PL
Gapping up on earnings to base highs. Watch for gap and go. This is the 4th gap of the trend
PL chart
RKLB
Oops reversal
RKLB chart
XOM
Strong action off the 10ema
XOM chart
GEV
Strong push off the level
GEV chart
Lite
Power Oops
Lite chart
AAOI
Strong oops reversal
AAOI chart
FSLT
Tight inside day
FSLT chart
CRCL
Trending
CRCL chart

Key Moves

TSEM
Strong Breakout
TSEM chart
FPS
Very strong push off the open. Can watch for follow through
FPS chart

Setups and Watchlist

AMPX
Watching for a range breakout
AMPX chart
ARM
Watching for a range breakout
ARM chart
ECG
Watching for a range breakout
ECG chart
FPS
Watching for a range breakout
FPS chart
GLW
Watching for a range breakout
GLW chart
HIMS
Watching for a range breakout
HIMS chart
KLIC
Watching for a range breakout
KLIC chart
KRMN
Watching for a range breakout
KRMN chart
MOD
Watching for a range breakout
MOD chart
PLTR
Watching for a range breakout
PLTR chart
POWL
Watching for a range breakout
POWL chart
TER
Watching for a range breakout
TER chart
TTMI
Watching for a range breakout
TTMI chart
VRT
Watching for a range breakout
VRT chart

Watchlist & Themes

RS List

AAOI ASML ASTS ECG BE SPHR KRMN ARM FPS DELL DOCN ESE SNDK FORM FSLY GCT GLW HIMS ICHR LUNR IPGP KLIC LITE MOD MRNA MU NE NET NVMI OII PL PLTR GEV POWL RKLB SIMO SEI CRCL TER TPL TSEM TTMI VAL VIAV VRT VSAT YOU AMPX SDRL NXT SOLS XOM NBIS

Larger WatchList

AMPX ARM ECG FPS GLW HIMS KLIC KRMN MOD PLTR POWL TER TTMI BE PL VRT

Daily Focus List

BE PL KRMN TER GLW

Additional Thoughts

Promising looking through charts. many names look much stronger than the market and the megacaps.

Recent Trade Lab Reports

  • Holding and Re-confirmation
    April 9, 2026
    [kt_reading_time]

  • Gap up above the 50 and 200 SMA
    April 8, 2026
    [kt_reading_time]

  • Upside Reversal. 2 Week Ceasefire. Market Set to Gap up
    April 7, 2026
    [kt_reading_time]

  • Market Coiled at Key Levels. Make or Break for the Rally
    April 6, 2026
    [kt_reading_time]
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