Midday Market

Midday Wave #111: Breadth Says Buy, Volume Says Wait – Thursday 9/17/2026

Episode 1114:51

0:004:51

Episode summary

Bull momentum readings surged from 160 to 295 in a single session, but the analyst warns that most leading stocks are moving on thin volume. The pair breaks down which names have real conviction behind them — TTRX and EIKN — versus fakeouts like MRNA, and sets the key levels to watch into the close.

Chapter by chapter

Bull Count Doubles, Breadth Ticks Up

The 4% flip flips dramatically bullish while the 40SMA and 20SMA breadth measures inch higher, though indexes remain dark for the day.

Big Moves, Thin Volume

MRNA, UI, and FSLY post strong price gains but on weak RVOL, while NOK and DIA show catalysts diverging from price action.

TTRX and EIKN Confirm With Real Volume

TTRX and EIKN stand out as the only names pairing strong moves with genuine volume backing, alongside CRCA and LABX at demand.

Selective Entries Into the Close

With bias cautiously constructive but conviction thin, the analyst recommends First Five Minutes entries and flags TTRX $14.16 and MRNA $156.05 as key levels.

Key points

  • Bull 4% count surged from 160 to 295 while Bear 4% collapsed from 234 to 37 in a single day — a sharp regime shift
  • Breadth measures (40SMA, 20SMA) improved but remain in Neutral territory, showing the move isn't yet structurally confirmed
  • Most leading stocks like MRNA, UI, and FSLY are posting big price gains on very weak RVOL (0.2-0.4), a red flag
  • Only TTRX (RVOL 2.3) and EIKN (RVOL 2.13) combine strong price action with real volume confirmation
  • Afternoon strategy: stay cautiously constructive but selective — use First Five Minutes entries and watch TTRX $14.16 and MRNA $156.05 as key levels

Ticker charts

MRNA

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open MRNA in WaveFinder.

Daily bars through Sep 17, 2026.

UI

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open UI in WaveFinder.

Daily bars through Sep 17, 2026.

FSLY

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open FSLY in WaveFinder.

Daily bars through Sep 17, 2026.

NOK

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open NOK in WaveFinder.

Daily bars through Sep 17, 2026.

DIA

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open DIA in WaveFinder.

Daily bars through Sep 17, 2026.

TTRX

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open TTRX in WaveFinder.

Daily bars through Sep 17, 2026.

EIKN

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open EIKN in WaveFinder.

Daily bars through Sep 17, 2026.

CRCA

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CRCA in WaveFinder.

Daily bars through Sep 17, 2026.

LABX

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open LABX in WaveFinder.

Daily bars through Sep 17, 2026.

SPY

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SPY in WaveFinder.

Daily bars through Sep 17, 2026.

QQQ

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open QQQ in WaveFinder.

Daily bars through Sep 17, 2026.

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