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Articles · Market Video, After Close

Tech Breaks Lower: QQQ Loses the September Gap

October 16 After Close: SPY and QQQ weakened, Tesla reversed its early jump, and the final closing watchlist separated energy and defense gains from AI-infrastructure losses.

Published Oct 16, 2026

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TL;DR

  • QQQ closed at $709.80, down 2.50% for the session and 5.52% for the week.
  • SPY finished at $763.23; Tesla closed at $354.72 after its premarket jump faded.
  • Individual charts show all ten final qualifying-watchlist movers with their 50-day and 200-day averages.

The stronger premarket setup did not hold. SPY lost its nearby averages, QQQ closed below the September gap and Tesla gave back its early jump. This dated review compares the morning scenarios with the completed October 16 regular-session closes.

SPY — Lost the nearby averages

SPY completed-session chart for October 16, 2026.

SPY closed at $763.23, down 1.11%. The stronger premarket setup did not hold. The close returned to the late-September low area around $762.18-$763.25. The October 15 low at $764.43 is a nearby reclaim reference, with the 50-day and 20-day averages overhead. The chart retains completed candles through October 15 and shows the verified October 16 close separately; the averages include that close.

20-day SMA: $771.18 · 50-day SMA: $768.50 · 200-day SMA: $725.01.

QQQ — Closed below the September gap

QQQ completed-session chart for October 16, 2026.

QQQ closed at $709.80, down 2.50% and 5.52% for the week. The regular session never reclaimed the morning 50-day reference. It traversed the September 17 daily gap at $711.88-$713.32 and closed below it. That gap and the October 15 low at $715.44 are reclaim references. The October 16 low at $707.23 and September 10 low at $706.86 are the nearby downside area.

20-day SMA: $742.52 · 50-day SMA: $726.77 · 200-day SMA: $674.91.

NFLX — A small recovery within a weaker chart

NFLX completed-session chart for October 16, 2026.

Netflix closed at $70.53, down 2.86%. It traded through the $71.26-$71.34 daily gap but did not hold the recovery. The close recovered the current 20-day average after dipping below it; the 50-day remains overhead. The October 16 low was $69.82. Company-confirmed earnings are Tuesday, October 20 after the close.

20-day SMA: $70.32 · 50-day SMA: $75.09 · 200-day SMA: $82.88.

GOOGL — Finished just below the 200-day

GOOGL completed-session chart for October 16, 2026.

Alphabet closed at $340.59, down 2.47%, after the morning observation near $349.70. It finished below the 20-day, 50-day and 200-day averages. The October 16 low at $339.08 is the nearest downside reference. The September 11 daily gap at $333.23-$335.03 remains farther below. A recovery of the 200-day would be a first improvement, followed by the other averages in the mid-$340s.

20-day SMA: $346.41 · 50-day SMA: $344.58 · 200-day SMA: $340.90.

TSLA — The premarket jump faded

TSLA completed-session chart for October 16, 2026.

Tesla closed at $354.72, down 2.13%, compared with the morning premarket observation near $377.47. The regular-session high never reached the October 13 gap at $377.05-$377.58. The close lost the October 15 low at $355.23 and the 50-day average. The October 16 low was $349.33. The 50-day is a nearer reclaim reference before the 20-day and the morning gap.

20-day SMA: $370.33 · 50-day SMA: $359.46 · 200-day SMA: $387.99.

Closing watchlist: Top 5 Up and Top 5 Down

The final screen contains 201 qualifying members of the existing 275-symbol TradingView watchlist: US exchange-listed stocks and ADRs with observed market capitalization above $5 billion. The observed cap is feed-based, not a reconstructed closing cap. Forty-four US candidates were below the cap rule; ten returned listings were outside the listing rule; twenty symbols were missing from the scanner, all outside the eligible US equity scope. Completed regular-session prices were independently checked; delayed scanner quotes were not used as closes. Rankings use full precision, before display rounding.

FANG — Top 5 Up / #1

Diamondback Energy: October 16 completed-session chart.

Diamondback Energy closed at $203.95, +4.27%. It finished above the 50-day average and above the 200-day average. The 50-day SMA was $197.01 and the 200-day SMA was $186.83.

KMI — Top 5 Up / #2

Kinder Morgan: October 16 completed-session chart.

Kinder Morgan closed at $34.20, +4.19%. It finished above the 50-day average and above the 200-day average. The 50-day SMA was $31.67 and the 200-day SMA was $31.75.

LMT — Top 5 Up / #3

Lockheed Martin: October 16 completed-session chart.

Lockheed Martin closed at $551.73, +3.58%. It finished above the 50-day average and below the 200-day average. The 50-day SMA was $543.15 and the 200-day SMA was $564.63.

EQT — Top 5 Up / #4

EQT: October 16 completed-session chart.

EQT closed at $54.32, +3.57%. It finished above the 50-day average and below the 200-day average. The 50-day SMA was $52.91 and the 200-day SMA was $55.45.

DVN — Top 5 Up / #5

Devon Energy: October 16 completed-session chart.

Devon Energy closed at $50.74, +3.05%. It finished above the 50-day average and above the 200-day average. The 50-day SMA was $47.96 and the 200-day SMA was $45.24.

NBIS — Top 5 Down / #1

Nebius: October 16 completed-session chart.

Nebius closed at $165.47, -12.18%. It finished below the 50-day average and below the 200-day average. The 50-day SMA was $222.80 and the 200-day SMA was $174.04.

CRWV — Top 5 Down / #2

CoreWeave: October 16 completed-session chart.

CoreWeave closed at $61.39, -11.91%. It finished below the 50-day average and below the 200-day average. The 50-day SMA was $87.03 and the 200-day SMA was $92.44.

GLXY — Top 5 Down / #3

Galaxy Digital: October 16 completed-session chart.

Galaxy Digital closed at $16.14, -11.56%. It finished below the 50-day average and below the 200-day average. The 50-day SMA was $22.78 and the 200-day SMA was $24.68.

RIOT — Top 5 Down / #4

Riot Platforms: October 16 completed-session chart.

Riot Platforms closed at $13.72, -11.48%. It finished below the 50-day average and below the 200-day average. The 50-day SMA was $20.04 and the 200-day SMA was $19.50.

APLD — Top 5 Down / #5

Applied Digital: October 16 completed-session chart.

Applied Digital closed at $18.05, -11.48%. It finished below the 50-day average and below the 200-day average. The 50-day SMA was $26.17 and the 200-day SMA was $31.99.

What matters next

A daily retest and close above a lost area would improve the setup. The first bounce alone does not confirm a reversal. Daily Levels · Morning review · AI Debt weekly update

And remember, this is market research only, not a recommendation to buy or sell.

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