Follow Through Down.
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 5, 2026
13 min read
Market Action
Follow through down today. Crypto really taking it to the chin. A bit stretched short term and we will likely have some significant snap backs.
Volatile market currently. Less is much more for most traders currently. Wait for the easy period, trends, clean price action, leading stocks. Do the homework now so you are ready.
QQQ
Follow through lower overall. We tried to rally off the open but rolled over into the close
IWM
Close lower at the 50 day
IBIT
Extension down. Huge volume. There will be some vicious snapbacks. Downtrend
3/4 Down. Current view: Correction
Groups/Sectors
Deepvue Theme Tracker
DV Leaders heatmap
Capital markets and software hit
S&P heatmap
Post Market Movers
AMZN Gapping down on earnings.
Leadership Stocks & Analysis
TSLA
Down further but good close off lows.
GOOG
Strong response to the gap down from the AI Leader
AAPL
held above yesterday's low. Strong RS currently
META
Okay close. Still pulling back
AMZN
Gapping down further on earnings
INTC
close off highs
NVDA
Testing base lows and approaching the 200sma area
MU
Inside day, holding above the 21ema for now
BE
Gapping up on earnings. One to watch
LLY
Sharp reversal lower. Negative expectation breaker
MSFT
Extension lower
RKLB
Follow through lower below the 50sma
SNDK
Testing the 10ema
PL
Testing the 50sma
PAAS
Gap down and close at lows
Key Moves
KLIC
Select semis ignoring the market weakness
Setups and Watchlist
ALK
watching for a range breakout
VNOM
Watching for a range breakout
CUK
Watching for a range breakout
DOCN
Showing great RS. Watching for a range breakout. Related to AI agents
NXT
Watching for follow through up and an HVC reclaim
COMP
Watching for a range breakout and 21ema reclaim
PBF
Tight day. Watching for reconfirmation
VG
Watching for a range breakout
ENPH
Watching for a pos ex breaker
SOLS
Watching for a level reclaim
Watchlist & Themes
Larger WL and RS List
ALK
VNOM
CUK
DOCN
NXT
COMP
PBF
VG
ENPH
SOLS
BE
Daily Focus List
MENTAI_CAPITAL
VNOM
CUK
NXT
BE
Additional Thoughts
Less is still more until things really shape up. But it can happen faster than we think. Track the RS names and groups developing.