Gap up and Slam Down.
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 15, 2026
12 min read
Market Action
QQQ big downside reversal from the unfilled gap area. Semis were looking strong but faded. Independent power has some green shoots. Still a very mixed market with a lot just chopping around.
QQQ
Gap up but a negative reversal down from the resistance zone.
IWM
Trending. Slight fade off highs. A bit short term stretched
IBIT
Needs to hold the pivot and form a higher low to stay in a trend.
Trends 3/4 Up – based on the QQQ
Shortest – 10 Day EMA – Below
Short-term – 21 ema – Above
Intermediate term – 50 sma – Above declining
Longterm – 200 sma – Up – Above Rising
Current View: Developing Uptrend
Groups/Sectors
Deepvue Theme Tracker
Stronger action than the QQQ would suggest
DV Leaders Heatmap
S&P
Software still having trouble
Leadership Stocks & Analysis
TSLA
Overall a tight day, still below MAs. Needs to hold and pop through the 21ema
GOOG
Pausing above the pivot
AAPL
Range below the declining 10ema
META
Tight day, potential for a higher low if it can rally higher. Below all the MAs
AMZN
Tight day on the 21ema. Key level to hold
INTC
Downside reversal, overall trending
PLTR
Overall tight range forming at the 21ema area. Make it or break it
NVDA
Gap up above the 21ema. Fade off highs. see if it can hold that level on any backtest.
MU
Downside reversal off the level. Overall trending above the MAs
BE
Tightening slightly near highs
LLY
Expansion down from the tight area
MSFT
Leaking lower
RKLB
Trending
SNDK
Trending, some fade off highs
Key Moves
FIGR
Reconfirmation today
TLN
Power name gapping up. VST
Setups and Watchlist
BLLN
Watching for a range breakout
GSAT
Watching for a range breakout
WRBY
Watching for a consolidation breakout
MP
Tight inside day. Watching for reconfirmation of the level breakout
Watchlist & Themes
Larger Watchlist
BLLN
GSAT
WRBY
MP
NVDA
BE
TSLA
Daily Focus
NVDA
BE
BLLN
GSAT
Additional Thoughts
Not the best feedback from recent watchlist and not much that looks directly actionable today. We’ll see what friday brings.