Upside Reversal. 2 Week Ceasefire. Market Set to Gap up
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
April 7, 2026
[kt_reading_time]
Market Action
2 Week ceasefire agreed to after hours. We’ll see how the market reacts. Currently with big gap ups after hours.
If you have mostly been sitting out this is a time to really start paying attention. As mentioned before the market will bottom before a full resolution of the conflict but at a hint that the end is closer in sight.
There will likely be many more headfakes but it’s our job to listen to price action above all else. Names are setup.
Gap up set. No need to dive 100% in if just starting to put on exposure. If an uptrend is really in place it will run for weeks and weeks.
If planning on adding or starting some names today. Look for the intraday low to likely be set, don’t blindly buy a gap up. Use progressive exposure and listen to feedback. No FOMO chasing gap ups with no plan. We are still below the 50 and 200sma.
Be ready for anything. Below I’ve listed my focus list with multiple stocks set up and bases which could gap and go. However I will be ready for any scenario including gap up and sell off on the news. Listen to price action.
Current View: Correction
Rally Attempt Day 5. Constructive action & short term higher lows.
Groups/Sectors
Leadership Stocks & Analysis
Key Moves
Setups and Watchlist
Watchlist & Themes
Larger Daily Watchlist
Daily Focus List
Universe List
Additional Thoughts
Remember no FOMO. If your rules tell you to test exposure do it while managing risk. But Don’t blindly buy a gap up. If this is the start to a new uptrend there will be multiple future low risk spots to put on exposure.
Be ready for anything. Gap and Go. Gap and Reverse. Gap, pull in and strong close.