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Midday Wave #23 Bullish

Midday Wave #23: Midday Regime Shift: Bullish, But Not Euphoric – Thursday 4/9/2026

April 9, 2026 3:55
Tickers Mentioned
HTZEQIXAGXAPLDPPSIBF/AAVBPEDITWDCXLITX
Episode Summary
The market has shifted to a confirmed Bullish regime with 55.22% above the 40SMA, but short-term momentum is softening as breadth drops and sentiment cools. Analyst Algenib breaks down institutional support, SIP entries, and key confirmation levels for the afternoon session.
Key Takeaways
  • 40SMA breadth improved 4.0pp to 55.22% today, signaling regained leadership
  • HTZ leads breakout continuation at +11.5% with RVOL 0.9
  • EQIX holds institutional demand at $1038.59 with INST flag
  • 20% Study signals from APLZ, CWVX, WDCX confirm zone alignment
  • HTZ key level $7.00 watch for afternoon continuation
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Midday Situation Check

Bullish regime — 40SMA breadth at 55.22% (up 4.0 percentage points from yesterday’s 51.26%), 20SMA at 59% (down 9 percentage points from yesterday’s 68%), sentiment shifted from Very Bullish to Neutral.

  • 40SMA breadth is trending higher — last two sessions show improvement after sharp declines.
  • 20SMA breadth declined 9pp — sharp pullback in short-term leadership. Fewer stocks holding above 20 SMA vs 40 SMA.
  • Sentiment 4%: Bull count fell from 717 to 174, Bear rose from 143 to 158 — momentum shifted to short-term cautiousness.

Market Recap — Session So Far

Midday tone is volatile but technically resilient — no major indices quoted, but sector momentum shows tech and finance strength.

  • SPY/QQQ/IWM index data unavailable — rely on sector and micro-cap signals instead.
  • Top Movers: AGX (+3.0%), HTZ (+11.5%), AVBP (+6.2%), EDIT (+4.2%) — all holding gains since open.
  • Bull/Bear 4%: Bull 174, Bear 158 — nearly even, contrasting with morning’s strong bullish skew.
  • Volume pace not available — no data in briefing for 20d average or live pace.

Momentum Watch — Breakout Continuation & SIP

Continuation signals dominate — strong follow-through in mid-cap breakout stocks.

  • Strongest Continuation: HTZ at $6.66, up +11.5%, RVOL 0.9 — breakout confirmed with high relative volume.
  • New SIP entry: BF/A — sentiment 1, note: “Potential Sazerac deal” — first active signal of the day.
  • APLD’s negative SIP (-1) at $27.79 following Q3 results; shares down -2.3% intraday — follow-through failure.

Strategy Check — Continuation, SIP & 20% Study

Continuation holds; 20% Study confirms institutional participation in select names.

  • Top Continuation: AGX at $605.67, up +3.0%, RVOL 0.4 — steady hold in building sector.
  • 20% Study signals from yesterday: APLZ, WDCX, LITX — all flagged as 20% week-breakout candidates with strong zone alignment.
  • Institutional signal: EQIX at $1038.59, up +2.1%, RVOL 0.4, INST flagged — shows sustained fund demand.
  • PPSI (-2.62% intraday) flagged SIP -2 for “worse-than-expected Q4 results” — earnings drag continuing.

Quick Takes & Wrap-Up

  • HTZ — key level to watch: $7.00 — break above would confirm strong momentum continuation.
  • EQIX — key level: $1050 — next resistance zone in real estate sector.
  • Overall bias: Bullish — 40SMA breadth improving, leadership remains in cyclicals (tech, finance, building), but caution on short-term breadth weakness. Use dips in RSPG (energy) and RSPF (financials) for position building.
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