QQQ Fade off Highs
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 7, 2026
13 min read
Market Action
Mega caps mixed still. Biotech & Miners strongest off the open. Ideally we contract a bit and IWM tightens.
QQQ
Fade after testing the unfilled gap area
IWM
Consolidation Day
IBIT
Still pulling in after testing the pivot and 50sma
Groups/Sectors
Deepvue Theme Tracker
Mixed Bag.
DV Leaders Heatmap
Miners stand out
S&P
Decent amount of weakness
Leadership Stocks & Analysis
TSLA
Below the MAs. Overall a consolidation day. Poor close
GOOG
Range re-breakout
AAPL
Still selling off
META
Close below the 21ema. Overall still in this range
AMZN
Some follow through. Fade
INTC
Sharp expansion. Fade back to close it at the pivot
PLTR
Fade at the 21
NVDA
Nice range forming here at the MAs
MU
Tight day. Trending
BE
Indecisive day as it forms this range near the 50
LLY
Pop higher after the failed breakdown
FSLR
Sharp gap down on downgrade. Will be out of the leaders list
MSFT
Testing the range pivot
RKLB
Tight inside day
SNDK
Strong action as other names in the theme pulled in hard.
Key Moves
SIMO
Strong follow through
RIGL
Strong action after the 21ema reclaim. Biotech theme was strong today
Setups and Watchlist
OUST
Watching for a bottoming base breakout
PGNY
Watching for a base breakout
BIDU
Watching for a base breakout. This is a big weekly area as well. Needs to hold this range
AAOI
Watching for a base re-breakout. Fast mover. Tight Day
TSEM
Watching for a range breakout
RIVN
Watching for a range breakout
EQX
Gold theme. Watching for a breakout
CRS
Watching for a range breakout. Looking at a weekly this is later in the move
PLAB
Watching for a range breakout
Watchlist & Themes
Larger Watchlist
OUST
PGNY
BIDU
AAOI
TSEM
RIVN
EQX
CRS
PLAB
NVDA
TSLA
Daily Focus List
NVDA
RIVN
AAOI
PLAB
Additional Thoughts
Several semis coiled and we’ve seen big moves in that area. NVDA will be key to watch.