Midday Market

Midday Wave #139: Tesla Leads Rally Amid Market Caution – Tuesday 10/27/2026

Episode 1393:14

0:003:14

Episode summary

Midday tape is green with QQQ up 1.24% and SPY up 0.74% as 40SMA breadth surged to 50.88%. Momentum shows in RPD and TSLA continuation, while defense SIP names CACI and ESLT ride contract catalysts. Bias stays cautiously constructive with QQQ still under its SMA50.

Key points

  • 40 SMA breadth rose 7.5 points to 50.88%, but 20 SMA breadth is stuck near 35%, so the regime is mixed.
  • TSLA is up 6.0% at $394.45 with an institutional tag, while RPD (up 10.1%) carries a 165% risk and is overextended.
  • BBNX and NTAP lack conviction with volumes under 0.5.
  • Capital is rotating into defense, with CACI up 2.91% on a Navy award and ESLT also in focus.
  • Bias is cautiously constructive: QQQ must reclaim the SMA 50 at $725.45 and SPY must beat the SMA 20 at $770.15.

Ticker charts

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 Oct 26, 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 Oct 26, 2026.

TSLA

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 TSLA in WaveFinder.

Daily bars through Oct 26, 2026.

RPD

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 RPD in WaveFinder.

Daily bars through Oct 26, 2026.

BBNX

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 BBNX in WaveFinder.

Daily bars through Oct 26, 2026.

NTAP

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 NTAP in WaveFinder.

Daily bars through Oct 26, 2026.

CACI

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 CACI in WaveFinder.

Daily bars through Oct 26, 2026.

ESLT

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 ESLT in WaveFinder.

Daily bars through Oct 20, 2026.

ALLE

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 ALLE in WaveFinder.

Daily bars through Oct 26, 2026.

ULTA

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 ULTA in WaveFinder.

Daily bars through Oct 26, 2026.

CVLT

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 CVLT in WaveFinder.

Daily bars through Oct 26, 2026.

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