Snapback. Rotation Underway
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 2, 2026
14 min read
Market Action
Nice snapback today and just under a key level on the Qs. We want to see follow through and today’s lows are key to hold. AAPL strong day. Rotation underway.
QQQ
Strong rebound higher after the slight gap down. It refused to breakdown further below the 50sma
IWM
Strong reclaim above the 21ema
IBIT
Follow through lower.
4/4 Up. Choppy Developing Uptrend. We need to see follow through higher
Groups/Sectors
Deepvue Theme Tracker
DV Leaders Heatmap
S&P Heatmap
Leadership Stocks & Analysis
TSLA
No follow through lower
GOOG
Trending. Earnings upcoming
AAPL
Strong follow through higher!
META
Leaking lower. Can watch for a U-turn.
AMZN
Push off the level
INTC
Stromg oops reversal off the 21ema area
NVDA
Attempted recovery but then a fade off highs
MU
Nice recovery, trending
BE
Constructive action. Earnings upcoming
LLY
Bounce off the base lows. Into the 21ema area
MSFT
looks to test gap down lows
RKLB
Follow through lower
SNDK
Strong action, still trending. You would not want to see an immediate reversal lower
PL
Break below the 21ema
PAAS
fade off highs, below the 21ema
Key Moves
TWST
Strong gap and go post earnings. See ANAB as well from yesterday's WL
DOCN
Strong push after the 21ema pullback
GLW
Strong range breakout, post gap u turn in play
Setups and Watchlist
SPHR
Failed BO but at the key 21ema. Watching for a push off of it.
FTAI
Watching for a range breakout
FTRE
Watching for a range breakout
PARR
Watching for a range breakout
TSEM
Watching for a range breakout
TXG
Watching for a 21ema reclaim
SN
Watching for a range breakout
NXT
Watching for a range breakout
AXSM
Watching for a range breakout
GRAL
Watching for a range breakout
WRBY
Watching for a range breakout
PLAB
Watching for a range breakout
PBF
Watching for a range breakout
ZIM
Watching for follow through higher
TDW
Watching for follow through higher. I like the Weekly
Watchlist & Themes
Larger List
SPHR
FTAI
FTRE
PARR
TSEM
TXG
SN
NXT
ASXM
GRAL
PLAB
PBF
WRBY
ZIM
TDW
BE
Daily Focus list
SPHR
FTRE
SN
PLAB
TXG
Universe List
AEM
ALAB
AMAT
AMD
AMKR
ANAB
APLD
ARM
ARWR
ASTS
ATRO
AXGN
AXSM
AXTI
BABA
BE
BIDU
BLLN
BTU
CCJ
CHYM
CIFR
COHR
COHU
COMP
CRK
CRWD
CRWV
CSIQ
CTRI
CVNA
DDOG
DOCN
DY
EGO
EOSE
FIGR
FLNC
FLS
FLY
FORM
FROG
FTRE
GEV
GFS
GH
GILD
GLW
GOOG
GRAL
GSAT
HL
HP
HUT
IBRX
INOD
INTC
IREN
KLAC
KLIC
KRMN
KTOS
LEU
LGN
LITE
LMND
LRCX
LUNR
META
METC
MRCY
MRNA
MU
NAVN
NBIS
NEM
NET
NTRA
NVDA
NXT
ONTO
PAAS
PBF
PL
PLAB
POWL
PRIM
Q
QGEN
RDW
RGEN
RKLB
SATS
SCCO
SEI
SITM
SKYT
SN
SNDK
SNDX
SOLS
SPHR
SSRM
STNE
STUB
STX
TDC
TER
TEVA
TSEM
TSLA
TTMI
TXG
UCTT
VICR
VOYG
VRDN
VRT
VSCO
WRBY
ZIM
Additional Thoughts
Nice snapback from semi names and the memory names. Still noticing some rotation into oil and gas names, and bios. For snapbacks, today’s lows are key to hold. Space theme below their 21emas