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Bullish sentiment is masking a sharp breadth breakdown as percent above the 20 SMA falls thirteen points in a single session. The desk breaks down what to hold, what to cut, and which setups — CRM, JAZZ, and FDS — carry into tomorrow’s session.
Chapter by chapter
Breadth Breakdown Hits
The regime shifts to a choppy reversal as percent above the 20 and 40 SMA drop sharply despite rising bullish sentiment.
Hold, Cut, and Rotate
CRM gets held on a volume blowout while Industrials and Utilities get cut, with money rotating into Health Care and Communication Services.
Late Entries and Risk Sizing
NEO and FDS are flagged as confirmation-only entries, with no index data available and risk kept tight into the close.
Watchlist for Tomorrow
CRM follow-through, JAZZ at 250.50, and the FDS analyst raise headline what to track overnight, with breadth needing to reclaim 37 percent to trust the rally.
Key points
Percent above the 20 SMA fell from 37 to 24 percent in one session — bullish sentiment isn't confirmed by breadth
Hold CRM into strength (up 21.9% on 4.6 RVOL); cut Industrials (RSPN -0.63) and Utilities (RSPU -2.09)
Rotation is into quality — Health Care and Communication Services — not broad market conviction
Only enter NEO or FDS on confirmation; no chasing without a close near session highs
Watch JAZZ at 250.50 and CRM follow-through overnight; don't trust the rally until breadth clears 37%
See CRM 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 CRM in WaveFinder.
See NEO 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 NEO in WaveFinder.
See FDS 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 FDS in WaveFinder.
See JAZZ 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 JAZZ in WaveFinder.