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Midday sees large-cap indexes grinding near flat with SPY holding its 20-day line while QQQ lags below key moving averages. Breadth is mixed — the 40SMA line improved to 49.49%, but fresh 4% thrusts collapsed and MEDICAL names like GMAB and ICLR carried the momentum. Bias stays cautiously neutral: respect SPY’s SMA50 support and stay...
Key points
Regime is mildly bullish but cooling; the sentiment indicator downshifted from very bullish to bullish.
Bull 4% thrusts fell to 197 from 526 while bear thrusts eased to 107 from 121, signaling thinner participation.
SPY's SMA-20 at 770.84 is the immediate pivot; a slip below the SMA-50 at 767.60 would make the afternoon defensive.
QQQ must reclaim its SMA-50 at 725.36 or it risks dragging the market down.
Favor selectivity and tight risk on confirmed high-volume movers like GMAB rather than chasing breakouts.
See SPY 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 SPY 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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See IWM 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 IWM in WaveFinder.
See GMAB 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 GMAB in WaveFinder.
See ICLR in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See CRL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See IBM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See LLY in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See ULBI in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See ACN in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See ODFL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See TER in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See TSLA in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See AMD in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See PANW in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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