Rally Continues and Tests the 21ema. Close off highs.

Richard Moglen
Richard Moglen

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

April 1, 2026
13 min read
Market Trend Status
Trend: 3 of 4 DOWN
✓ 10 EMA ✗ 21 EMA ✗ 50 SMA ✗ 200 SMA

Market Action

Continued sharp rally higher. Up against the 21ema. Now is where it gets tested. We want to see a high low form on any pullback along with individual stocks forming up in sound bases.

I liked the pop in memory names. Many names tho with fades off highs. Be prepared for a large down day, as that is certainly a possibility. A stress test would be great for monitoring RS and potential leaders.

QQQ
Gap up and test of the 21ema. Fade off highs
QQQ chart
IWM
Weaker fade off highs. A bit stronger overall
IWM chart
IBIT
Bouncing into the 21ema area. Close off highs
IBIT chart

Current View: Correction. Rally Attempt Day 2. Key test of the 21ema area

Groups/Sectors

Theme Tracker
Theme Tracker
Ranks
Ranks
DV Leaders Heatmap
DV Leaders Heatmap
S&P Heatmap
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Testing the 21ema area
TSLA chart
META
fade off highs. 21ema and level area
META chart
MSFT
downside reversal at the 10ema
MSFT chart
AAPL
Above the 21
AAPL chart
GOOG
testing the 21ema
GOOG chart
AMZN
testing the level. Above the 21
AMZN chart
NVDA
Testing the 21ema
NVDA chart
SNDK
Pop above the 21 and re-breakout.
SNDK chart
MU
Strong bar into the level and 10ema
MU chart
BE
downside reversal off the MAs
BE chart
PL
Strong follow through up testing the pivot
PL chart
XOM
Pull back into the 21ema.
XOM chart
GEV
Gap up, fade off highs
GEV chart
LITE
Gap and go. Testing recent highs. Gap to close?
LITE chart
AAOI
Downside reversal at the 21ema
AAOI chart
FSLY
New highs. leader
FSLY chart
CRCL
Downside reversal
CRCL chart
DOCN
testing new highs. Fade
DOCN chart
NXT
Downside reversal
NXT chart

Key Moves

SNX
Strong action after recent earnings
SNX chart
AA
Aluminum names acting very strong
AA chart

Setups and Watchlist

ALKS
Watching for an HVC reclaim
ALKS chart
CC
Watching for a base breakout
CC chart
DHT
Watching for expansion from this range
DHT chart
FIGS
Watching for a range breakout
FIGS chart
KGS
Watching for a range breakout
KGS chart
INSW
Watching for a range breakout
INSW chart
NE
Watching for follow through up. Mar 30 you dow have the new high failure. Something to note
NE chart
STNG
Handle or Lower high? watching for expansion
STNG chart
NAVN
Watching for an HVC Reclaim
NAVN chart
SDRL
Watching for a base breakout
SDRL chart
SOLS
Watching for a pullback to the level and then rebound.
SOLS chart

Watchlist & Themes

Larger Watchlist

ALKS CC DHT FIGS KGS INSW NE STNG NAVN SDRL SOLS

Daily Focus List

ALKS NAVN FIGS KGS

Additional Thoughts

Make or break moment for this rally. Still volatile. Do we form a higher low or not?

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