Next Day Prep

Next Day Prep #354: Intel Plunge Triggers AI Trade Flush – Friday 10/30/2026

Episode 3544:16

0:004:16

Episode summary

Friday’s session was a broad risk-off slide as the AI-trade correction intensified, led by Intel’s 28.58% post-earnings collapse and a 7.3% drop in the semiconductor index below its 200-day line. Defensives like energy, staples and health care held up, but narrow leadership and collapsing breadth keep the regime Cautious and defensive into next week.

Key points

  • Breadth plunged: 20-day breadth fell from 90% to 44% in one session, with 92 bulls versus 607 bears.
  • Intel fell 28.58% on a weak Q4 guide and missing 2027 cashflow projection, dragging Dell, HPQ and Sandisk.
  • Energy held up: IMO rose 14.42% with WTI crude at $104.
  • Top watch list setups: CBOE breakout at 334.23 and IMO entry at 138.32 with a tight stop.
  • If SPY loses 750.36 the thesis shifts toward testing the 200-day average and a cautious bearish downgrade; with the election coming, stay defensive.

Ticker charts

INTC

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 INTC in WaveFinder.

Daily bars through Oct 30, 2026.

DELL

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 DELL in WaveFinder.

Daily bars through Oct 30, 2026.

HPQ

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 HPQ in WaveFinder.

Daily bars through Oct 30, 2026.

SNDK

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 SNDK in WaveFinder.

Daily bars through Oct 30, 2026.

IMO

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 IMO in WaveFinder.

Daily bars through Oct 30, 2026.

AMZN

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 AMZN in WaveFinder.

Daily bars through Oct 30, 2026.

CBOE

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 CBOE in WaveFinder.

Daily bars through Oct 30, 2026.

QQQ

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 QQQ in WaveFinder.

Daily bars through Oct 30, 2026.

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 30, 2026.

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