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Another Market Gap Down. New Rally Low

Richard Moglen
Richard Moglen

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

March 3, 2026
13 min read
Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Gap down on Iran escalation news. However after pulling in we closed well. Need to see follow through and a rally from here above the 21ema to get aggressive.

Good close off lows.

QQQ
Undercut of the prior rally day and reclaim of the level. Needs to follow through
QQQ chart
IWM
Strong undercut and rally
IWM chart
IBIT
Inside day, still in this bottoming consolidation
IBIT chart

Current View: Correction. New Rally Attempt Day 1

Groups/Sectors

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

Leadership Stocks & Analysis

TSLA
Undercut the prior low and 200sma and closed above
TSLA chart
META
Still building at the MAs
META chart
MSFT
Push higher off the level. Needs to overcome the 21ema
MSFT chart
AAPL
Tight range after the break lower. Needs to hold recent lows.
AAPL chart
GOOG
Support again at this level and an oops reversal
GOOG chart
AMZN
Building under this level
AMZN chart
NVDA
Inside day just above the 200sma
NVDA chart
SNDK
Break lower below the 21ema. Needs to snapback
SNDK chart
BE
Supported at the level again
BE chart
MU
Break lower. Testing the 50sma area
MU chart
PL
Inside day at the 21ema
PL chart
PAAS
Gap down, decent close off lows
PAAS chart
RKLB
Building under this level
RKLB chart
XOM
Follow through down, at the level and 10ema
XOM chart
GEV
Negative ex breaker. Wide range day
GEV chart
LITE
Gap down to the 10ema
LITE chart

Key Moves

INTA
Beaten down software names perking up. Still in a longer term downtrend
INTA chart
ASTS
Reclaim of the 21ema
ASTS chart
CRCL
Strong action off the gap down open. A bit short term stretched
CRCL chart

Setups and Watchlist

EQPT
Recent IPO. Tracking this range. Primed for expansion
EQPT chart
AA
Watching for a base breakout
AA chart
CENX
Watching for a range breakout
CENX chart
CGNX
Watching for a range breakout
CGNX chart
CAVA
Watching for follow through up and u turn
CAVA chart
IPGP
Watching for a range breakout
IPGP chart
KMT
Watching for a range breakout
KMT chart
NE
Watching for a range breakout
NE chart
RNG
Watching for a range breakout
RNG chart
VRT
Watching for an HVC reclaim
VRT chart

Watchlist & Themes

Larger Watchlist

AA CENX CGNX CAVA EQPT IPGP KMT NE RNG VRT RKLB PL BE

Daily Focus List

VRT BE PL AA CAVA

Recent Gaps

AAOI AEIS AES ARLO ASML AXON BWIN CAVA CELH CGNX CRCL DELL DVA DY ECG ENTG EQIX ESLT FIGS FSLY FTDR GCT GFS GLW GNRC GRMN HNGE ICHR JAZZ JBLU KEYS LBRT LMAT MCK MGA MOD MSGS NFLX NVCR NVST PL PLAB PRMB PSKY RNG SGML SNDK SOLS SPHR TARS TNDM TTMI VAL VIAV VICR VRT VSCO XYZ YOU

Additional Thoughts

Need to see follow through. Continue to be selective as we are in a choppy, news driven environment.

Recent Trade Lab Reports

  • Holding and Re-confirmation
    April 9, 2026
    15 min read

  • Gap up above the 50 and 200 SMA
    April 8, 2026
    13 min read

  • Upside Reversal. 2 Week Ceasefire. Market Set to Gap up
    April 7, 2026
    14 min read

  • Market Coiled at Key Levels. Make or Break for the Rally
    April 6, 2026
    13 min read
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