Analytics, your call. We’d like to use analytics cookies to see which pages help. Nothing is loaded unless you accept, and the site works the same either way. Privacy policy
Breadth deteriorated from Bearish to Correction territory even as oil reversed, with the ten-year yield’s push to five-twenty-six doing the real damage. The team breaks down which continuation signals still worked — Palo Alto, CrowdStrike, and NVDA — versus binary shocks like MDB’s CEO exit, then sets up tomorrow’s confirmation-first playbook around Fed speakers and key data.
Chapter by chapter
Breadth Slides Into Correction
Oil calms down but rising ten-year yields push breadth from Bearish to Correction territory by the close.
Broad Distribution Confirmed
Uniform index selling, a lopsided Bull/Bear gauge, and a five-day breadth collapse from forty to fourteen percent.
Security Software Bucks the Tape
Palo Alto and CrowdStrike rally as traders reframe OpenAI agent-breach headlines into a safety-demand tailwind.
NVDA's Fundamental Override
A massive buyback boost and new safety platform let NVDA decouple from a falling semiconductor sector.
MDB's Binary Shock
MDB's CEO departure on heavy volume, one day before Investor Day, is explained as news-driven, not a technical breakdown.
Leading Sector Themes
Telecom Consumer Products, Database Software, and Medical Software emerge as the day's pockets of strength.
Calendar and Fed Speakers
Consumer Confidence, JOLTS, and three Fed speakers set up a yield-sensitive session ahead.
Key Levels to Watch
Specific follow-through and supply levels for Palo Alto, CrowdStrike, and NVDA, plus MDB's Investor Day and Nike earnings.
Bull, Bear, and the Takeaway
Two scenarios hinge on yields and oil, closing with a call for confirmation-first, relative-strength trading.
Key points
Rising ten-year yields, not oil, drove today's selloff — breadth fell from Bearish (21%) to Correction (18.28%) territory.
Strength was narrow and concentrated in software and medical names, not broad-based.
Company-specific catalysts (NVDA's buyback, security stocks' safety narrative) can decouple individual names from a weak sector or tape.
MDB's plunge was a binary news event (CEO departure), not a technical signal failure — separate the two when trading.
Tomorrow's open should be cautious and confirmation-first, watching the ten-year yield and 10 AM data before sizing up.
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.
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 PANW in WaveFinder.
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.
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 CRWD in WaveFinder.
See NVDA 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.
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 NVDA in WaveFinder.
See MDB 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.
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 MDB in WaveFinder.
See META 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.
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 META in WaveFinder.
See NKE 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.
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 NKE in WaveFinder.