Wide Range Consolidation Day

Richard Moglen
Richard Moglen

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

March 5, 2026
13 min read
Market Trend Status
Trend: 2 of 4 UP
✓ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Wide range action but overall not much lost compared to yesterday. IWM weaker than QQQ very recently. Some distribution in stocks that had been trending well

QQQ
Wide range day, overall closing decently.
QQQ chart
IWM
More negative. Testing recent lows
IWM chart
IBIT
Testing the 21ema. Constructive if it holds the gap up and 21 area
IBIT chart

Current View: Late Stage Correction/Developing Uptrend. Needs to hold today’s lows

Groups/Sectors

Deepvue Theme Tracker
Software leading today
Deepvue Theme Tracker
Ranks
Ranks
DV Leaders Heatmap
DV Leaders Heatmap
S&P Heatmap
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Overall a consolidation day. Below the 21
TSLA chart
META
Wide range consolidation day. At the 21
META chart
MSFT
Fist close above the 21ema
MSFT chart
AAPL
Shake below the recent range
AAPL chart
GOOG
Test of the level again. Below the MAs
GOOG chart
AMZN
Some follow through into the gap
AMZN chart
NVDA
Upside reversal action below the MAs
NVDA chart
SNDK
Leaking lower toward base lows. Needs to respond
SNDK chart
MU
A bit stronger than SNDK today, upside reversal off the 50sma area
MU chart
BE
Setting up a range pivot
BE chart
PL
Shake to the MAs. Not the best close
PL chart
PAAS
Shake to the 50.
PAAS chart
RKLB
Continues to tighten under the MAs and level
RKLB chart
XOm
Slight bounce. Still needs to build out this base a bit
XOm chart
GEV
Shake below the 21ema. Some bounce
GEV chart
LITE
Still pulling in a bit. Testing the 21 and level area
LITE chart

Key Moves

WIX
Software names leading today
WIX chart

Setups and Watchlist

SPHR
SPHR chart
CENX
Watching for a range breakout
CENX chart
DELL
Watching for an HVC breakout
DELL chart
EQPT
Watching for a range breakout
EQPT chart
IPGP
Watching for a range breakout
IPGP chart
LBRT
Watching for a range breakout
LBRT chart
NE
Watching for a range breakout
NE chart
TPL
Watching for a range breakout
TPL chart
VRT
Watching for a range breakout
VRT chart
YOU
Watching for a bounce off the 10ema level
YOU chart

Watchlist & Themes

Larger List

SPHR CENX DELL EQPT IPGP LBRT NE TPL VRT YOU BE MU PL SNDK

Daily Focus List

BE SPHR DELL YOU NE

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 MRNA MSGS NFLX NVCR NVST PL PLAB PRMB PSKY RNG SGML SNDK SOLS SPHR TARS TNDM TTMI VAL VIAV VICR VRT VSCO XYZ YOU

Additional Thoughts

Shakes today. Some breakdowns. This market needs to prove itself by getting back above the 21

Recent Trade Lab Reports

  • Holding and Re-confirmation
    April 9, 2026
    15 min read

  • Gap up above the 50 and 200 SMA
    April 8, 2026
    13 min read

  • Upside Reversal. 2 Week Ceasefire. Market Set to Gap up
    April 7, 2026
    14 min read

  • Market Coiled at Key Levels. Make or Break for the Rally
    April 6, 2026
    13 min read
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