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Market breadth collapsed from 117 to 60 in a single session as sentiment flipped from bullish to Very Bearish intraday, hitting rate-sensitive names like DB, BKNG, Z, and TEAM hard. The hosts break down which names to exit before the close, which ones — FSLY, PANW, PLTR — are showing confirmed strength, and what to track overnight (FSLY, KMX, and Health Care leadership) before adding risk back in.
Chapter by chapter
Breadth Craters, Sentiment Flips Bearish
Percent above the 20-day SMA drops from 117 to 60 and Bull/Bear 4% readings flip Very Bearish intraday.
Cut the Rate-Sensitive Losers
DB, BKNG, Z, and TEAM are flagged for exit before the bell despite a positive TEAM note.
FSLY, PANW, PLTR Hold Firm
FSLY surges 12.6% on strong relative volume while PANW and PLTR hold as strength-based adds, not chases.
CZR vs. KMX: Reversal Watch
Two reversal candidates are weighed, with KMX called the more constructive setup.
Overnight Catalysts and Follow-Through Names
Tightening-policy pressure keeps banks and travel names under watch, with FSLY, KMX, and Health Care leadership as tomorrow's confirmation signals.
Key points
Breadth collapsed 57 points in a single session (117 to 60), with sentiment flipping from bullish to Very Bearish — a broad flush, not a defensive rotation.
Exit rate-sensitive names failing on tightening-policy fear: DB, BKNG, Z, and TEAM before the bell.
FSLY, PANW, and PLTR showed confirmed relative strength and are strength-based adds, not chase candidates.
KMX is the preferred reversal setup over CZR heading into tomorrow.
Stay defensive until Bull percent reclaims Bear percent — every rally is 'guilty until proven innocent.'
See DB 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 DB in WaveFinder.
See BKNG 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 BKNG in WaveFinder.
See Z 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 Z in WaveFinder.
See TEAM 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 TEAM in WaveFinder.
See FSLY 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 FSLY in WaveFinder.
See PANW 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 PANW in WaveFinder.
See PLTR 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 PLTR in WaveFinder.
See CZR 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 CZR in WaveFinder.
See KMX 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 KMX in WaveFinder.
See RSPH 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 RSPH in WaveFinder.