Audio could not be loaded. Open the file directly.
Despite the S&P and Nasdaq closing green, internal breadth and the bull-bear gauge collapsed hard enough to flip the regime call to outright Bearish. The hosts break down why semis masked a narrow, distribution-heavy session, which signals actually held up, and the exact breadth and yield levels to watch tomorrow.
Indices closed up but the regime call was downgraded to Bearish on deteriorating internals.
The 40-day and 20-day breadth readings both dropped double digits in a single session, and bulls-vs-bears flipped sharply negative.
Only three sectors finished higher; the semiconductor index alone kept the major indices positive.
All eight continuation signals came from semiconductors, led by AMAT, ADI, ASML, and WDC on structural AI demand.
SNDK, STX, and COHR extended the semiconductor-driven demand theme into storage.
COIN and HOOD surged on an SEC Innovation Exemption and Bitcoin breaking above 81,000, a news-driven move distinct from the chip rally.
NUE and STLD fell despite constructive commentary, as soft Q3 EPS guidance overrode the narrative.
A five-basis-point jump in the ten-year to 5.00% mechanically pressured rate-sensitive sectors, plus a solo NFLX downgrade dented the tape.
WDC and AMAT lead the watchlist, with AAOI and BABA as secondary names to watch for confirmation above demand zones.
Bulls need breadth above 30% and the ten-year below 5.00%; bears take control under 20% breadth or above the 5.02% yield high.
The regime forecast stays Bearish, with guidance to buy dips only in confirmed leaders and keep overall exposure small.
See AMAT 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 AMAT in WaveFinder.
Daily bars through Sep 18, 2026.
See ADI 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 ADI in WaveFinder.
Daily bars through Sep 18, 2026.
See ASML 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 ASML in WaveFinder.
Daily bars through Sep 18, 2026.
See WDC 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 WDC in WaveFinder.
Daily bars through Sep 18, 2026.
See SNDK 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 SNDK in WaveFinder.
Daily bars through Sep 18, 2026.
See STX 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 STX in WaveFinder.
Daily bars through Sep 18, 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 18, 2026.
See COIN 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 COIN in WaveFinder.
Daily bars through Sep 18, 2026.
See HOOD 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 HOOD in WaveFinder.
Daily bars through Sep 18, 2026.
See NUE 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 NUE in WaveFinder.
Daily bars through Sep 18, 2026.
See STLD 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 STLD in WaveFinder.
Daily bars through Sep 18, 2026.
See NFLX 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 NFLX in WaveFinder.
Daily bars through Sep 18, 2026.
See AAOI 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 AAOI in WaveFinder.
Daily bars through Sep 18, 2026.
See BABA 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 BABA in WaveFinder.
Daily bars through Sep 18, 2026.
