Still Choppy. IWM Reverses
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
January 25, 2026
[kt_reading_time]
Market Action
QQQ holds above the 21ema to end the week but stays choppy. more worrisome is the IWM which has been leading with a sharp down day to the 10ema
Earnings season is upon us and could drive the market direction.
QQQ
Above the MAs with the reclaim last week. Still choppy
IWM
Follow through down with a sharp bar. Testing the 10ema area
IBIT
Tight range. Fade off the 21ema
Groups/Sectors
Deepvue Theme Tracker
Bitcoin miners/ Data center names leading
DV Leaders Heatmap
Mostly distribution – pulling in
S&P Heatmap
Mixed action
Leadership Stocks & Analysis
TSLA
Tight day to end the week
GOOG
Pullback to the base pivot
AAPL
Upside reversal over the key level area. Below the MAs
META
Some follow through, the 200sma is a key level above
AMZN
Testing the key level
INTC
Gap down to the 21ema area
PLTR
Testing the 10ema area
NVDA
Gap up, fade off highs
MU
Trending, some fade off highs
BE
Upside reversal off the 10ema, Interesting for next week
LLY
Testing the 21ema
MSFT
Strong bar higher, testing the 21ema
RKLB
looked to follow through. Fade off highs
SNDK
Having some trouble making progress above the 500 level
Key Moves
APLD
Outside day and flag breakout.
METC
More follow through
Setups and Watchlist
CRS
Watching fro a range breakout. Earnings upcoming
MP
Watching fro a range breakout
SN
Watching fro a range breakout
LGN
Watching fro a base breakout
BE
Watching for follow through up through the reversal day high
CHYM
Watching for a bounce off the pivot
HUT
Watching fro a range breakout
IREN
Watching fro a range breakout
EOSE
Watching for tightness/ positive expectation breaker
TSEM
Watching for a range re-breakout
Watchlist & Themes
Larger Watchlist
MP
CRS
SN
LGN
BE
CHYM
HUT
IREN
EOSE
TSEM
TSLA
Daily Focus List
TSLA
BE
HUT
TSEM
Additional Thoughts
A lot depends on earnings season. Not seeing too many new names setting up.