Midday Market

Midday Wave #140: Low Volume Breakouts Hit Key Resistance – Tuesday 10/27/2026

Episode 1405:19

0:005:19

Episode summary

Markets trade green at midday with QQQ leading a tech bounce and 40SMA breadth expanding sharply alongside a Bull 4% surge to 337. But indices sit at moving-average resistance and short-term breadth is weakening, keeping the tone constructive yet selective into the afternoon.

Key points

  • 40-day SMA breadth expanded 5.7 points to 50.61% while 20-day breadth fell 11 points to 25%, suggesting fast money is taking profits as intermediate money accumulates.
  • The scanner action code is CRT (controlled risk taking), as 40-day breadth sits in the 40-65% zone.
  • Continuation breakouts like CYPH and CHPT show very weak relative volume, while CBRS and ALGM have stronger relative volume.
  • TSLA is 0.49% under its 4-hour supply zone; a rejection at 407.75 sets up a textbook fade.
  • QQQ must reclaim its 50-day SMA at $725.28, and SPGI needs to hold above its 20-day SMA at $770.44.

Ticker charts

CYPH

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 CYPH in WaveFinder.

Daily bars through Oct 27, 2026.

CHPT

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 CHPT in WaveFinder.

Daily bars through Oct 27, 2026.

GKOS

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 GKOS in WaveFinder.

Daily bars through Oct 27, 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 27, 2026.

CBRS

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 CBRS in WaveFinder.

Daily bars through Oct 27, 2026.

ALGM

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 ALGM in WaveFinder.

Daily bars through Oct 27, 2026.

UPS

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 UPS in WaveFinder.

Daily bars through Oct 27, 2026.

CLF

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 CLF in WaveFinder.

Daily bars through Oct 27, 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 27, 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 27, 2026.

FDS

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 FDS in WaveFinder.

Daily bars through Oct 27, 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 Oct 27, 2026.

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