Gap Down, Strong Close. Oops Reversals
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
April 2, 2026
13 min read
Market Action
Some escalating remarks from the white house this morning. Gap down that recovered. Potential first higher low. Bulls want to see us follow through up or consolidate sideways.
Decent number of names setup.
Don’t be too negative here but also don’t get ahead of your skis, let market feedback guide you if starting to put on positions.
QQQ
Gap down, strong close. Below the 21ema still and 200
IWM
Strong right off the open, 21ema reclaim
IBIT
Decent action, below the MAs
Current View: Correction. Rally Attempt Day 3
Groups/Sectors
Theme Tracker
Ranks
DV Leaders Heatmap
S&P heatmap
Leadership Stocks & Analysis
TSLA
Gap down and negative close. Relative weakness
META
Below the MAs
MSFT
Strong close. Below the 21
AAPL
Strong bar! Watching for follow through
GOOG
At a key level and 21ema
AMZN
in this bottoming consolidation
NVDA
Wide range and strong close. At the 21
SNDK
Strong action again.
MU
At the key level
BE
Strong action after the gap down. below the 21
PL
Very strong bar! Space theme standing out
XOm
Downside reversal. testing the 21
GEV
Good action. Holding close the highs and above the 21
LITE
Consolidation breakout. oops reversal
AAOI
Very strong off the key level
FSLY
Trending
CRCL
failed breakdown. Below the 21
DOCN
Testing highs
NXT
Relative Weakness
Key Moves
SGML
Strong pos ex breaker
YSS
Very strong action from this IPO and Aerospace theme as a whole
Setups and Watchlist
FIGS
Watching for follow through up
KGS
Watching for a range breakout
FIGR
Watching for a bottoming base breakout
ICHR
Watching for a range breakout
LQDA
Watching for a range breakout
MOD
Watching for follow through up
OII
Watching for follow through up
POWL
Watching for a range breakout
TER
Watching for a range breakout
TWST
Watching for a range breakout. Ideally tightens first
VRT
Watching for a range breakout. Follow through up
Watchlist & Themes
Larger Watchlist
FIGS
KGS
FIGR
ICHR
LQDA
MOD
OII
POWL
TER
TWST
VRT
GEV
SNDK
Daily Focus List
KGS
FIGR
OII
TER
Additional Thoughts
Nice to see strong action after the gap down. Now we need to see the market hold and reconfirm/follow through. We’ll see how things close tomorrow before the weekend.