Midday Market

Midday Wave #132: Breadth Heals, Momentum Breaks: The Midday Tug-of-War – Friday 10/16/2026

Episode 1325:33

0:005:33

Episode summary

Long-term breadth is quietly repairing while short-term momentum just collapsed, with Bull 4% readings crashing from 493 to 51 in a single session. The analyst breaks down the defensive sector rotation into Health Care, Staples, and Energy, flags TMO as the cleanest institutional confirmation on the board, and lays out an afternoon plan built around...

Chapter by chapter

Breadth Repairs While Momentum Craters

40SMA and 20SMA breadth readings improve even as Bull 4% collapses from 493 to 51 in one session.

Sentiment's Tug-of-War

40SMA sentiment stays Bullish while the 4% reading flips Bearish, and defensive sectors take the lead.

Noise vs. Real Confirmation in Continuation Leaders

CBRZ's loud move is undercut by weak RVOL, while LABD and defensive dividend names confirm the risk-off rotation on light volume.

Stocks in Play Skew Bearish

New entries like MU, CRWV, RKLB, and HUT lean negative on downgrades and macro concerns, with only a few bright spots like KRMN and AA.

TMO: The Cleanest Confirmation

TMO presses a 52-week high on strong RVOL, lining up perfectly with healthcare sector leadership.

Sizing Down and Key Levels to Watch

The team lays out a smaller-size, defensive-rotation plan anchored on COP holding $145.33 and TMO extending its breakout into the close.

Key points

  • Long-term breadth (40SMA, 20SMA) is improving even as short-term momentum (Bull 4%) collapsed from 493 to 51 in a single session.
  • Sector leadership has rotated fully defensive — Health Care and Staples lead while Tech sits at the 2nd percentile.
  • Most 'winners' on the board (CBRZ, COP, CCI, AMT, LIN) are moving on low RVOL, signaling rotation rather than genuine volume thrust.
  • TMO stands out as the cleanest institutional confirmation, pressing a 52-week high on RVOL of 1.88.
  • The plan into the afternoon: trade smaller, favor PLASTICS sectors (staples, healthcare, energy), and watch COP $145.33 and TMO's breakout as key levels.

Ticker charts

CBRZ

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 CBRZ in WaveFinder.

Daily bars through Oct 16, 2026.

LABD

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 LABD in WaveFinder.

Daily bars through Oct 16, 2026.

COP

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 COP in WaveFinder.

Daily bars through Oct 16, 2026.

CCI

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 CCI in WaveFinder.

Daily bars through Oct 16, 2026.

AMT

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 AMT in WaveFinder.

Daily bars through Oct 16, 2026.

LIN

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 LIN in WaveFinder.

Daily bars through Oct 16, 2026.

MU

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 MU in WaveFinder.

Daily bars through Oct 16, 2026.

CRWV

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 CRWV in WaveFinder.

Daily bars through Oct 16, 2026.

RKLB

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 RKLB in WaveFinder.

Daily bars through Oct 16, 2026.

HUT

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 HUT in WaveFinder.

Daily bars through Oct 16, 2026.

WDAY

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 WDAY in WaveFinder.

Daily bars through Oct 16, 2026.

KRMN

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 KRMN in WaveFinder.

Daily bars through Oct 16, 2026.

AA

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 AA in WaveFinder.

Daily bars through Oct 16, 2026.

F

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 F in WaveFinder.

Daily bars through Oct 16, 2026.

TMO

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 TMO in WaveFinder.

Daily bars through Oct 16, 2026.

SPGI

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 SPGI in WaveFinder.

Daily bars through Oct 16, 2026.

AZO

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 AZO in WaveFinder.

Daily bars through Oct 16, 2026.

EXPE

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 EXPE in WaveFinder.

Daily bars through Oct 16, 2026.

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