Midday Market
Midday Wave #137: Breadth Firms, Momentum Cracks: Tech Bleeds as Defense Takes Over – Thursday 10/22/2026
0:006:10
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Episode summary
Long-term breadth improves while short-term breadth and sentiment collapse, led by a sharp selloff in QQQ and Technology. Insurance, Staples, and Health Care hold gains as institutional flows rotate into defensive names, with QQQ’s $706.63 floor and SPY’s $768.20 SMA50 the key afternoon levels to watch. Built from WaveFinder scanner data at app.waverider.ai.