Analytics, your call. We’d like to use analytics cookies to see which pages help. Nothing is loaded unless you accept, and the site works the same either way. Privacy policy
Breadth is collapsing fast even as bear counts ease, and with SPY, QQQ, and IWM dark, traders are flying on secondary gauges alone. The team digs into thin continuation names, a rare high-conviction breakout in NAUT, and a bullish-bearish divergence in BE, then lays out the afternoon discipline plan.
Chapter by chapter
Breadth Cliff Dive
20SMA and 40SMA breadth plunge together even as the bear count falls, exposing a misleading relief signal.
Index Blackout
SPY, QQQ, and IWM data are dark, forcing traders to rely entirely on breadth and secondary scans.
Semis, the Lone Lit Room
RSPT's 95th percentile reading marks technology and semiconductors as the only leadership pocket standing.
Thin Continuation Names
QMCO, MRAM, AMAT, and FORM post gains but on sub-1.0 RVOL, signaling weak real participation.
NAUT and IDT Show Real Volume
NAUT's 3.98 RVOL breakout and IDT's earnings-driven move stand out as the day's genuine conviction plays.
BE's Bullish-Bearish Divergence
A raised price target on BE clashes with a 6.45% intraday fade, flagging a classic conviction gap.
CDNS and FIX Supply-Demand Levels
The 20% Study shows CDNS pinned at supply and FIX holding demand, both key institutional levels to track.
Sizing Down for the Afternoon
With breadth flushing and indexes dark, the plan shifts to smaller size and strict ABC/CRT discipline.
Key Levels Into the Close
CDNS's $327-$332 reclaim and BE's fade are the two setups to watch before volume decides the next move.
Key points
20SMA breadth fell 9 points intraday (21% to 12%) while the bear count dropped — a misleading divergence, not genuine relief.
With SPY, QQQ, and IWM data dark, traders must navigate purely on breadth and secondary scans today.
Technology/semis (RSPT at 95th percentile) is the only leadership pocket; most continuation names are rising on thin, sub-1.0 RVOL.
NAUT (RVOL 3.98) and IDT (earnings beat) are the only names with real volume conviction; BE shows a bullish target vs. bearish tape divergence.
Afternoon plan: size down, apply ABC/CRT discipline, and watch CDNS's $327-$332 reclaim as the key unlock level.
See SPY in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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.
See QQQ in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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.
See IWM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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.
See RSPT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 RSPT in WaveFinder.
See QMCO in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 QMCO in WaveFinder.
See MRAM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 MRAM in WaveFinder.
See AMAT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 AMAT in WaveFinder.
See FORM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 FORM in WaveFinder.
See NAUT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 NAUT in WaveFinder.
See IDT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 IDT in WaveFinder.
See BE in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 BE in WaveFinder.
See PIPR in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 PIPR in WaveFinder.
See CDNS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 CDNS in WaveFinder.
See FIX in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 FIX in WaveFinder.