Audio could not be loaded. Open the file directly.
The S&P’s quiet half-percent decline masked a brutal internal rotation, with breadth collapsing to 29% and semiconductors down nearly 6% while software and security names surged on the same AI-safety headline. The desk downgrades to outright Bearish and lays out a defensive, leaders-only playbook for tomorrow’s Fed decision.
The morning's Cautious-Bearish call gets confirmed and worsened to outright Bearish by the close.
Breadth falls to 29% and the bull-bear gauge turns deeply negative even as headline indexes barely move.
AI-safety concerns crush semiconductors while driving a surge into software and security names like CrowdStrike and Palo Alto.
Continuation signals skew medical/defensive while crude oil and the 10-year yield squeeze markets from both sides, fueling a Materials/Energy rotation.
Retail Sales and housing data precede the Fed's expected 25bp hike, with Lennar earnings closing out the day.
Key levels on FFIV, TWLO, CF, and MOS, plus rules for trading gap-up versus gap-down scenarios with reduced size.
See FFIV in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 FFIV in WaveFinder.
Daily bars through Sep 15, 2026.
See TWLO in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 TWLO in WaveFinder.
Daily bars through Sep 15, 2026.
See CF in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 CF in WaveFinder.
Daily bars through Sep 15, 2026.
See MOS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 MOS in WaveFinder.
Daily bars through Sep 15, 2026.
See CRWD in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 CRWD in WaveFinder.
Daily bars through Sep 15, 2026.
See PANW in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 PANW in WaveFinder.
Daily bars through Sep 15, 2026.
See IT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 IT in WaveFinder.
Daily bars through Sep 15, 2026.
See GLW in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 GLW in WaveFinder.
Daily bars through Sep 15, 2026.
See TER in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 TER in WaveFinder.
Daily bars through Sep 15, 2026.
See COHR in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 COHR in WaveFinder.
Daily bars through Sep 15, 2026.
See TMO in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 TMO in WaveFinder.
Daily bars through Sep 15, 2026.
See DHR in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 DHR in WaveFinder.
Daily bars through Sep 15, 2026.
See WAT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 WAT in WaveFinder.
Daily bars through Sep 15, 2026.
See LEN in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
Can't reach WaveFinder right now. Your episode is still playing.
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 LEN in WaveFinder.
Daily bars through Sep 15, 2026.
