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The Bullish 4% count hides a brutal breadth collapse — 74% of stocks above the 20-day fell to just 20% in a single session. The hosts break down which names to hold, cut, and watch, then set up the one number that decides tomorrow’s open.
Chapter by chapter
Breadth Craters 54 Points
The Bullish headline masks a distribution day as the percent of stocks above the 20-day collapses from 74% to 20%.
What to Hold: BBWI and DK
BBWI's reversal and DK's refiner margins earn conviction holds while SCHW's unconfirmed bounce gets flagged as a warning.
Cutting Falling Knives and Fading Hype
NCI, DAVE, and RBRK get cut or faded, sector profits get trimmed in Industrials and Utilities, and ARGX is flagged as the one name worth watching for entry.
Tonight's Breadth Close Decides
Where the 20-day breadth reading closes tonight determines whether tomorrow brings an oversold bounce or a deeper pullback.
Crude Divergence and Key Levels
TNK and DK diverge on oil weakness while SAP and CHWY headlines threaten spillover, with ARGX, DK, and BBWI levels laid out to watch.
Key points
The Bullish 4% count is masking a severe breadth breakdown — stocks above the 20-day fell 54 points in one session, from 74% to 20%.
Tonight's close in the 20-day breadth reading is the key signal: near 20% suggests an oversold bounce, a further drop confirms a deeper pullback.
Only hold high-conviction, confirmed reversals like BBWI and DK; cut unconfirmed names like SCHW and avoid falling knives like NCI.
Avoid chasing low-volume movers like DAVE despite big percentage gains — no volume support means high risk.
Crude oil weakness is creating divergence in the energy trade, with DK holding on margins while TNK slips — a key tell for tomorrow.
See BBWI 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 BBWI in WaveFinder.
See DK 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 DK in WaveFinder.
See SCHW 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 SCHW in WaveFinder.
See NCI 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 NCI in WaveFinder.
See DAVE 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 DAVE in WaveFinder.
See RBRK 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 RBRK in WaveFinder.
See ARGX 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 ARGX in WaveFinder.
See TNK 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 TNK in WaveFinder.
See SAP 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 SAP in WaveFinder.
See CHWY 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 CHWY in WaveFinder.