The Market Rallies After the Gap Down. Gappers Act Well

Richard Moglen
Richard Moglen

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

Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Great response to the gap down but now we need to see follow through and reclaims of MAs. Still could be plenty of news catalysts that impact things.

Recent gappers have acted well.

QQQ
Strong oops reversal. needs to follow through and get above the 21
IWM
Strong reclaim
IBIT
Strong push higher. Finally ready to test the 21?

Current View: Correction, Rally attempt active. A break above the 21ema would start a developing uptrend.

Groups/Sectors

DV Theme Tracker
Ranks
DV Leaders Heatmap
S&P Heatmap
Post Market Gap Ups

Leadership Stocks & Analysis

TSLA
Strong bar off the 200sma. Needs to get above the 21
META
Strong outside day. At the MAs
MSFT
Overall downtrend. Push off the level
AAPL
Needs to build out this base
GOOG
Oops reversal, needs to build out a bit more
AMZN
Tightening below the level
NVDA
Strong bar off the 200sma
SNDK
Pullback into the 21ema. Watching for a range/flag breakout
BE
Strong rally off the base pivot
MU
Reclaim of the 21ema. setting up a pivot
PL
Strong range breakout
PAAS
Good close. miners still in uptrends near highs
RKLB
Push towards the level and MAs.
XOM
Gap up, close lower
GEV
Building out above the 10ema
LITE
Trending. Strong push

Key Moves

CRCL
Strong delayed reaction
FSLY
Post Gap Range Breakout
UUUU
Uranium names strong. 21ema reclaim

Setups and Watchlist

AA
Watching for follow through higher
ECG
Watching for a range breakout
FCX
Miners look setup for more. Watching for a range breakout
FTAI
Watching for a range breakout. ATRO also setup
GNRC
Watching for a range breakout/follow through
NVST
Watching for a range breakout
RNG
Watching for a range breakout
RRX
Watching for a range breakout
STRL
Watching for a range breakout
TNDM
Watching for follow through up off the 10ema
SOLS
Watching for a range breakout
VRT
Watching for a range breakout
VAL
Watching for a bounce off the 10ema/pos ex breaker

Watchlist & Themes

Larger Watchlist

AA ECG FCX FTAI GNRC NVST RNG RRX STRL TNDM SOLS VRT VAL SNDK

Daily Focus

SNDK VAL FTAI VRT FCX

Recent Gaps

AAOI AEIS AES ARLO ASML AXON BWIN CAVA CELH CGNX CRCL DELL DVA DY ECG ENTG EQIX ESLT FIGS FSLY FTDR GCT GFS GLW GNRC GRMN HNGE ICHR JAZZ JBLU KEYS LBRT LMAT MCK MGA MOD MSGS NFLX NVCR NVST PL PLAB PRMB PSKY RNG SGML SNDK SOLS SPHR TARS TNDM TTMI VAL VIAV VICR VRT VSCO XYZ YOU

Universe List

AA AEIS AEM AGX ALAB AMAT AMD AMKR ANAB APLD ARM ARWR ASML ASTS ATRO AXGN AXSM AXTI BABA BE BIDU BILL BLLN BLSH BTU CCJ CGNX CHYM CIFR COHR COHU COMP CRK CRWD CRWV CSIQ CTAAU CTRI CUK CVNA DDOG DK DOCN DVA DY EGO ENPH ENTG EOSE EQIX ESLT FIGR FLNC FLS FLY FORM FPS FROG FSLY FTAI FTRE GEV GFS GH GILD GLW GNRC GOOG GRAL GSAT HAS HL HNGE HP HUT IBRX ICHR INOD INTC IREN JBLU KLAC KLIC KRMN KRYS KTOS LBRT LEU LGN LITE LMND LRCX LUNR MAS MCK META METC MGA MOD MRCY MRNA MU NAVN NBIS NEM NET NTRA NVDA NVST NXT ONTO PAAS PBF PL PLAB POWL PRIM Q QGEN QXO RDW RGEN RIVN RKLB SATS SCCO SEI SGML SITM SKYT SN SNDK SNDX SOLS SPHR SSRM STNE STUB STX TDC TER TEVA TSEM TSLA TTMI TXG UCTT VAL VICR VIST VOYG VRDN VRT VSCO WRBY WT WULF XPO ZIM

Additional Thoughts

Need to see follow though for an uptrend to really get going. individual names acting much better than QQQ, Strong action from gappers.

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