Midday Market

Midday Wave #114: Sprinter vs. Marathon: Breadth Diverges at Midday – Tuesday 9/22/2026

Episode 1145:22

0:005:22

Episode summary

Short-term breadth exploded 14 points intraday while the 40SMA regime stayed stuck below neutral, exposing a growing split between fast and slow signals. Medical names dominate the actionable tape — NTRA, VRTX, ALMR, and FPS — while rising Bear 4% counts argue for controlled-risk sizing into the close.

Chapter by chapter

Breadth Jump vs. Stuck Regime

20SMA breadth surges 14 points intraday while 40SMA breadth remains stuck under the 25% neutral line, with Bear 4% counts quietly rising.

Medical Sector Sweeps the Scans

Continuation, SIP, and 20% Study signals all cluster in medical names — DNA, BLLN, NTRA, VRTX, ALMR, FPS — plus a ZEO outlier and a DAVA fader.

Cautiously Constructive Into the Close

Cautiously constructive bias with controlled-risk sizing, tracking NTRA above $370.64 and FPS through the $38.45–$40.30 supply band.

Key points

  • 20SMA breadth jumped from 70% to 84% intraday, but 40SMA breadth stayed pinned at 24.78%, still under the neutral threshold.
  • Bear 4% count climbed from 75 to 86 even as the headline breadth number looked bullish — a real underlying divergence.
  • Medical names dominate today's actionable signals across continuation, SIP, and 20% Study categories: DNA, BLLN, NTRA, VRTX, ALMR, FPS.
  • NTRA fired twice (SIP and continuation) and is the key thesis level to watch above $370.64.
  • Bias is cautiously constructive — stay engaged but size down given the stuck 40SMA regime and rising bear count.

Ticker charts

DNA

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 DNA in WaveFinder.

Daily bars through Sep 22, 2026.

BLLN

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 BLLN in WaveFinder.

Daily bars through Sep 22, 2026.

NTRA

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 NTRA in WaveFinder.

Daily bars through Sep 22, 2026.

VRTX

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 VRTX in WaveFinder.

Daily bars through Sep 22, 2026.

ALMR

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 ALMR in WaveFinder.

Daily bars through Sep 22, 2026.

FPS

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 FPS in WaveFinder.

Daily bars through Sep 22, 2026.

ZEO

Chart unavailable

No daily price history for ZEO through Sep 22, 2026.

DAVA

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 DAVA in WaveFinder.

Daily bars through Sep 22, 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 22, 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 22, 2026.

IWM

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 IWM in WaveFinder.

Daily bars through Sep 22, 2026.

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