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Breadth collapsed to 15% even as bullish signals flipped positive, setting up a reversal-day dynamic into the close. The hosts break down which names to cut, which to protect, and what levels to watch overnight into tomorrow’s session.
Chapter by chapter
Breadth Collapse vs. Bullish Flip
Percent above the 20-day SMA drops to 15% while the Bull 4% signal flips positive, flagging a reversal day.
Cut List, Holds, and the IWM Line
Triage plan for the final hour: cutting RSPU, RSPN, AXON, and FANG while protecting ISRG and watching IWM 285.
Overnight Levels and Defensive Stance
LITE and ISRG levels to stalk overnight, plus a sector playbook favoring Medical over Discretionary and Industrials.
Key points
Breadth (% above 20-day SMA) plunged from 26 to 15 in a single session, signaling a reversal day despite bullish headline flips.
Cut weak names before the bell: RSPU, RSPN, AXON, and FANG all showed extreme weakness or broken setups.
ISRG (hold above 385) and IBM (confirmation-only entry above 248) are the two names to protect into the close.
IWM 285.15 is the key overnight proxy — holding it keeps small-caps constructive, losing it means get defensive fast.
With breadth at 15%, tomorrow's playbook stays defensive: favor Medical, avoid Consumer Discretionary and Industrials until breadth stabilizes.
See RSPU 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 RSPU in WaveFinder.
See RSPN 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 RSPN in WaveFinder.
See AXON 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 AXON in WaveFinder.
See FANG 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 FANG in WaveFinder.
See ISRG in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 ISRG in WaveFinder.
See IBM 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 IBM in WaveFinder.
See IWM 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 IWM in WaveFinder.
See LITE 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 LITE in WaveFinder.