Midday Wave: 2026-05-15
Midday Situation Check
Very Bearish regime — Sentiment at 4%, with 40SMA breadth at 46.19% (down from 55.56% yesterday) and 20SMA breadth collapsing to 41% (down from 96% yesterday).
Market Recap — Session So Far
Indices are trading lower on inflation concerns with SPY, QQQ, and IWM data unavailable, while market breadth has deteriorated sharply from yesterday’s levels.
- Index levels are unavailable, but the DIA ETF is trading at $500.80, reflecting a broader sell-off driven by inflation fears.
- Breadth has shifted dramatically from Bullish to Very Bearish, with Bull 4% dropping to 104 against 389 Bear 4% signals.
- Volume is light across the board, with most active tickers showing Relative Volume (RVOL) below 1.0, indicating a lack of conviction.
Momentum Watch — Breakout Continuation & SIP
- ACMR leads the continuation watch at $63.99 with a 1.3% gain, though volume remains suppressed at 0.6 RVOL.
- New SIP entry WYY is trading at $8.98 after reporting better-than-expected Q1 results, showing a massive 3.78 RVOL spike.
- Morning breakouts are fading, evidenced by COHR dropping 3.8% to $389.71 and HIMX plunging 7.4% to $19.15.
Strategy Check — Continuation, SIP & 20% Study
- The strongest continuation signal, ACMR, is holding at $63.99 but faces resistance with a high 96.9% risk rating and low volume.
- SIP movers include IPWR falling 37.17% from open to $7.38 after an offering, and CBRS trading lower post-IPO at $311.07.
- 20% Study signals show institutional divergence, with COHR at $404.94 (yesterday) facing supply, while LITE remains in a high-risk zone.
Quick Takes & Wrap-Up
- WYY — Watch the $8.98 level for a potential follow-through on its Q1 earnings beat in the afternoon session.
- DIA — Monitor the $500.80 level as a key gauge for broader market sentiment amidst inflation-driven selling.
- Overall bias remains bearish as breadth collapses and inflation fears dominate the session with no clear support levels visible.