Selloff. Rotation
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 4, 2026
13 min read
Market Action
QQQ sharp follow through down although the QQQE was down less. Software still getting hit. Rotation still underway.
Less is more for me currently.
QQQ
Follow through down below the moving averages.
IWM
Very whippy action the last few days. Closed below the 21ema
IBIT
Still leaking lower. Longer term downtrend, expecting sharp counter trend rallies
1/4 Up. Current View: Correction. Remember things can shape up faster than we think so we have to do our homework.
Groups/Sectors
Deepvue Theme Tracker
Solar strength
DV LEADERS HEATMAP
Semis hit, PLTR Down more
S&P Heatmap
Day is a buyout.
Post Movers
GOOG overall mostly flat. QCOM FLNC down
Leadership Stocks & Analysis
TSLA
break below the recent range. Below MAs
GOOG
At the 21ema area after earnings
AAPL
Amazing strength on a QQQ down day
AMZN
Break below the 200sma
AMZN
Follow through lower ahead of earnings
INTC
Better than most semis. Holding the 10ema
NVDA
Follow through down. looks to test the 200sma and base lows
MU
Break below the recent range and testing the 21ema
BE
Very volatile day ahead of earnings tomorrow. Did close above the 21ema and pivot.
LLY
Strong move on earnings
MSFT
Inside day. Stretched to the downside
RKLB
Sharp drop to the 50day. Close at the pivot
SNDK
Negative expectation breaker. Still holding the 10ema
PL
break lower from the inside day
PAAS
Overall consolidation type day. Expecting expansion
Key Moves
PLTR
Extreme follow through lower. Software names under big pressure. They will have snapbacks
ENPH
Highest volume in over 5 years. Earnings beat. Longer term downtrend/neglect
ODFL
Cargo stocks strong
Setups and Watchlist
MRNA
Watching for a range breakout
WRBY
Watching for a range breakout. Set up either direction for expansion
NXT
Watching for an HVC reclaim.
CUK
Watching for a consolidation breakout. See RCL as well
DOCN
whippy but holding better than most growth names for now. Watching for a flag breakout
VG
Watching for a range breakout
SPHR
Watching for a 50sma bounce
SYM
Watching for an earnings day 1 move.
Watchlist & Themes
Larger watchlist
MRNA
WRBY
NXT
CUK
DOCN
VG
SPHR
SYM
BE
ENPH
Daily Focus List
NXT
ENPH
SYM
Additional Thoughts
Solar, Oil and Gas, Shipping, Freight Seem to have rotation into them.
Software weak but may snapback. Semis having trouble.
Less is more type environment. If participating pick your spots carefully.