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A recap of a cautious market session where a 7.3% oil crash to $96.51 sparked institutional rotation out of AI/semis and into cyclical names like TOST and ABNB, even as the regime stayed cautious. The show previews tomorrow’s Apple earnings, midterm elections, and the critical QQQ 679.81 (200-day MA) pivot level.
Key points
Cautious regime held, but breadth improved with 53.8% of stocks above their 40-day SMA
Oil's 7.3% plunge to $96.51 triggered a violent rotation into cyclical and rate-sensitive stocks
TOST (+5.4%, closed 33.40) and ABNB (+4.1%, closed 171.16) fired strong continuation signals while AI/semis sold off
QQQ's 679.81 level (200-day MA) is the key 'load-bearing wall' to watch around Apple earnings and midterm election reactions
Use CRT (controlled risk taking) and T3A (think three days ahead) codes, size down, and stay defensively positioned with minimal tech exposure
See TOST in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 TOST in WaveFinder.
See ABNB in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 ABNB in WaveFinder.
See QQQ in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See HD in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 HD in WaveFinder.
See AMD in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.