The TML Report, April 2nd, 2026 – Follow-through Day This Week?

Market Overview

Monday is day 4 of the rally count for the NASDAQ and S&P 500. Days four through seven, which are Monday through Thursday next week, are the ideal time for a follow-through day.

On a positive note, we continue to see groups of traditional high-growth leaders forming constructive bases and moving higher. Hence, if we do get a follow-through day next week, it shouldn’t be too difficult to find leading stocks to buy.

So while we wait to see what the market brings us next week, continue updating your watch lists, make sure your alerts are set, and be ready for anything.

Indexes

QQQ

The Nasdaq is on day four of its current rally attempt and is wedged up underneath significant resistance as we wait to see if it can finally follow through.

SPY

Just like the Nasdaq, the S&P 500 is on day four of its current rally attempt and is wedged up underneath significant resistance as we wait to see if it can finally follow through.

IWM

The Russell 2000 is still the strongest of the four major indexes. Not only has it managed to hold above its key 200-day SMA, it has the least overhead resistance to contend with above.

DIA

The Dow continues to follow a similar pattern to the S&P 500. Both major indexes have significant resistance to deal with above, beginning with their 200-day SMAs.

Focus List

GLW

GLW has shaped up constructively over the last several weeks and is exhibiting notable relative strength as it continues up the right side of its base.

CIEN

CIEN wasted no time rallying back to new all-time highs after an orderly pullback to key support at the confluence of a prior high in its 21-day SMA.

LITE

Like CIEN above LITE quickly recovered from its 21-day SMA and finished last week at a new all-time high on heavier volume.

VIAV

VIAV followed a similar pattern to LITE and CIEN and rallied powerfully off of key support at its 21-day SMA.

SATS

SATS has continued powerfully up the right side of its base on heavy volume and looks like it's setting up to break out to new all-time highs.

SNDK

Leading memory maker SNDK pushed through significant resistance last week and appears to be setting up to break out again.

WDC

WDC followed SNDK last week it closed above key resistance and appears to be setting up to break out from here as well.

DOCN

DOCN popped its head out to a new 52-week high from a volatile two-week consolidation. In a stronger environment, the confluence of $85 and its 10-day SMA would be an ideal potential entry area on constructive weakness from here.

SOLS

SOLS continues to form a constructive base and looks like it's setting up to ultimately make new all-time highs from here.

DHT

DHT broke out above its consolidation pivot on heavier volume Friday and looks like it will ultimately continue higher from here.

FRO

FRO broke out above its consolidation pivot on heavier volume last Friday and finished more powerfully than DHT above, although they continue to carve out very similar patterns.