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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.
See CYPH in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See CHPT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See GKOS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See CVLT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See CBRS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See ALGM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See UPS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See CLF in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See TSLA in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See SPGI in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See FDS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See QQQ in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.