Gap Up and Strong Close. New Market Rally

Richard Moglen
Richard Moglen

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

March 31, 2026
14 min read
Market Trend Status
Trend: 4 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✗ 200 SMA

Market Action

Gap up and strong close as Trump says that the Iran conflict could end in a matter of weeks. Strong positive response to this message from oversold conditions. If the message proves false we likely reverse down strongly. Only Price pays.

Rally attempt day one with yesterday’s low being the key level. We remain below the MAs

QQQ
Gap up and strong close
QQQ chart
IWM
Strong 200sma reclaim
IWM chart
IBIT
Bounce into the MAs, expecting resistance.
IBIT chart

Current View: Correction. Rally Attempt Day 1

Groups/Sectors

Theme Tracker
Strong bounce across the board. Not much positive over the last month
Theme Tracker
Ranks
Ranks
DV Leaders Heatmap
DV Leaders Heatmap
S&P heatmap
S&P heatmap

Leadership Stocks & Analysis

TSLA
Pos ex breaker, below the MAs
TSLA chart
META
Strong gap higher. Into the 10ema area
META chart
MSFT
Testing the 10ema
MSFT chart
AAPL
testing the 21
AAPL chart
GOOG
gap and strong close. Against the 10ema
GOOG chart
AMZN
Gap and go into the 21ema
AMZN chart
NVDA
Very strong bar into the 10ema
NVDA chart
SNDK
Holding the 50sma area. Tightening
SNDK chart
MU
Upside reversal. Below MAs
MU chart
BE
Pos ex breaker
BE chart
PL
Upside reversal
PL chart
XOM
Trending, 10 ema pullback
XOM chart
GEV
Pos ex breaker. Above the 21ema
GEV chart
LITE
21ema reclaim
LITE chart
AAOI
Slight upside reversal
AAOI chart
FSLY
Pos ex breaker
FSLY chart
CRCL
Forming a range
CRCL chart
DOCN
Strong push higher
DOCN chart
nXT
21 ema reclaim
nXT chart

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Key Moves

FLY
Strong gap and go
FLY chart
ALKS
Strong gap and go
ALKS chart

Setups and Watchlist

ECG
Watching for a range breakout
ECG chart
DHT
Watching for a range breakout
DHT chart
FIGS
Watching for a range breakout
FIGS chart
KGS
Watching for a range breakout
KGS chart
GLW
Watching for a range breakout
GLW chart
KEYS
Watching for a range breakout
KEYS chart
KLIC
Watching for a range breakout
KLIC chart
POWL
Watching for a range breakout
POWL chart
STNG
Watching for a range breakout
STNG chart
VRT
Watching for a 21 ema reclaim
VRT chart
NAVN
Watching for an undercut and reclaim of the HVC
NAVN chart
SOLS
Watching for a range breakout
SOLS chart

Watchlist & Themes

Larger RS

AAOI ALKS APEI ARWR ECG SPHR CENX ARM DHT SNDK FIGS FSLY GCT KGS GLNG GLW KEYS KLIC MOD MRVL GEV POWL STM STNG TNK TWST UCTT UI VRT WIX NBIS AMPX NAVN SDRL NXT SOLS FLY NFLX SEDG BE

Larger Daily WL

ECG DHT FIGS KGS GLW KEYS KLIC POWL STNG VRT NAVN SOLS AAOI BE SNDK

Daily Focus List

SNDK FIGS ECG KGS STNG

Additional Thoughts

Constructive day with a news catalyst. Now we need to see if that is real. If there is more news that signals that the trump tweet is wrong then the market will likely make new lows.

Watching for higher lows, MA reclaims, gap ups that hold. RS. Price is all that matters.

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