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Downside Reversal. Some Areas of Interest

Richard Moglen
Richard Moglen

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

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

Market Action

Downside reversal after the gap up. TSLA PLTR GOOG showed weakness/volatility but interestingly some semi names held up much better. Space theme continues to stand out

Bulls want to see a positive expectation breaker Monday that holds and reclaims the 21ema
Bears want to see follow through down

Overall we are in a choppy environment

QQQ
Downside reversal back below the 21ema
QQQ chart
IWM
Better action with a close near highs
IWM chart
IBIT
Pop through the level and 21ema
IBIT chart

Trends 1/4 Up – based on the QQQ

Shortest – 10 Day EMA –   Below
Short-term – 21 ema – Below
Intermediate term – 50 sma – Below
Longterm – 200 sma – Up – Above Rising

Current View: Choppy/Corrective

Groups/Sectors

Deepvue Theme Tracker
Space, Semis, Bitcoin miners
Deepvue Theme Tracker
DV Heatmap
DV Heatmap
S&P
S&P

Leadership Stocks & Analysis

TSLA
Expansion lower after a level reversal on the 21ema. Below the 50day.
TSLA chart
GOOG
Volatile day from the tight range. okay close off lows
GOOG chart
AAPL
Volatile day.
AAPL chart
META
Broke lower below the recent range
META chart
AMZN
Downside reversal and break below the range and 21eam
AMZN chart
INTC
Interesting strength popping above the 21ema and prior base pivot
INTC chart
PLTR
Sharp expansion lower
PLTR chart
NVDA
Fade on the attempted range breakout
NVDA chart
MU
Strong expansion higher
MU chart
BE
Strong pop through the 21ema
BE chart
FSLR
Upside reversal, needs to follow through higher
FSLR chart
FSLR
Strong positive expectation breaker
FSLR chart
MSFT
Expansion down, testing the lows of this base
MSFT chart

Key Moves

FLNC
This was compressed. Instead of breaking down it pushed up strongly. A good sign
FLNC chart
SNDK
Strong gap and go positive expectation breaker. Note the strength right off the open
SNDK chart
BIDU
Strong expansion move the last few days
BIDU chart

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Setups and Watchlist

AEO
Has held up well. Watching for a range breakout. Could need more of a base
AEO chart
GH
Watching for a range breakout
GH chart
PGNY
Watching for a range breakout
PGNY chart
FLY
Watching for a consolidation breakout
FLY chart
PL
Watching for follow through
PL chart
PLAB
Watching for a range breakout
PLAB chart
DOCN
Watching for a range breakout
DOCN chart
AXSM
Watching for an HVC reclaim
AXSM chart

Watchlist & Themes

Strong names from late last week worth noting

BIDU FTAI SKYT AXSM FLNC ACMR MU SEI SYM APLD INTC BE LUNR RDDT CCJ ALAB AMD SNDK EOSE BKSY PONY RKLB AMKR LRCX FIGR

Larger Watchlist

AEO GH PGNY FLY PL PLAB DOCN AXSM GOOG

Daily Focus List

PL DOCN AXSM GOOG

Universe List

AAPL ALAB AMD AMZN APLD ARM BABA BE BKKT CCJ CLSK CRDO CRS DELL FIX FLS FSLR GGAL GOOG GOOGL GRAL HOOD HUT INSM INTC LEU LMND MELI META MSFT MU NBIS NET NIO NVDA OPEN PATH PLTR QCOM RGTI RKLB RMBS SHOP SNDK SNOW SOUN STNG STRL STUB TAC TEM TER TWLO VRT MDGL RIVN SEDG TDC VCYT U QLYS NXT DDOG METC TXG ASTS CRWD FLY CSIQ RDDT ANF BTU FROG LRCX LUMN REAL UPWK VICR SANM INOD GSAT JAZZ APPN COLL ESTA SMTC DOCN TSLA DY GEV WGS AMTM EGO KSS FLNC CIFR AEIS BKV LSCC EOSE PL TVTX PARR SEI LLY HCC CLS TTAN HOUS RGEN MDB GEMI YOU HNGE TARS COCO GH NTRA LLY

Recent Gaps

AKAM AMD AMGN AMZN ANF APPN BBAI BE CAH COHR CRS DDOG DOCN DY EXPE FLS FROG GCT GGAL GH GTX HAE HCC ILMN INTC ISRG LC LMND MEDP NET OPEN PAM PBF PEGA PGNY PLNT QCOM QLYS RDDT RIVN ROK SANM SITM SLDP TDC TWLO TXG U VCYT VIAV VICR VIST XMTR YPF AEO FROG CRDO MDB CRDO AEO PATH PL PLAB MSOS TLRY PL MU

Additional Thoughts

Interesting day friday. Big weakness in the mega-caps but other names acted well. Space theme stands out again. we’ll see if the mega caps can put in expectation breakers early next week or at least don’t follow through lower.

Energy names seem to be turning. Some semis showing strong action.

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