Next Day Prep

Next Day Prep #352: Broadcom AI Deal Masks Narrow Rally – Tuesday 10/27/2026

Episode 3526:41

0:006:41

Episode summary

Tuesday extended the AI-led rebound, with the S&P 500 reclaiming its 50-day moving average and semiconductors surging on a record $63B Broadcom-backed Anthropic financing deal. Energy was the weak spot as crude fell below $100, and Boeing cratered on earnings. All eyes now turn to Wednesday’s FOMC decision and another heavy round of mega-cap earnings.

Key points

  • The regime stayed cautious: SPY rose 0.6% to $769.75 and the NASDAQ 1.2%, but the advance was top-heavy and short-term 20-day breadth slipped to 29%.
  • AMD broke out of a sideways box on semiconductor strength; SoFi jumped 13.42% on an earnings beat at 3.5x normal volume.
  • Energy fell 2.2% as WTI crude settled at 99.87 on slowing industrial demand fears.
  • With a 92.8% probability of an unchanged Fed rate, use CRT (controlled risk-taking) and T3A (think three days ahead).
  • Key levels: SPY above its 20-day MA at $770.42 is bullish; below its 50-day MA would hurt breadth and force a regime downgrade.

Ticker charts

SPY

Open in app
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 SPY in WaveFinder.

Daily bars through Oct 27, 2026.

AMD

Open in app
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 AMD in WaveFinder.

Daily bars through Oct 27, 2026.

SOFI

Open in app
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 SOFI in WaveFinder.

Daily bars through Oct 27, 2026.

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