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With sixty minutes to the close, panic selling has eased but market breadth has collapsed to just 11% of stocks above their 20-day average. The hosts break down why the bear count drop is exhaustion, not confirmation, and lay out a defensive playbook: hold AMAT, cut Energy and Materials, and watch one number — breadth — to see if tomorrow’s bounce is real.
Chapter by chapter
Breadth Craters as Panic Fades
Bear count drops from 276 to 116 but breadth falls to 11%, signaling exhaustion rather than a real reversal.
AMAT Momentum Without Volume
AMAT leads gains but low RVOL means hold, don't add, until volume confirms.
Two Green Sectors, Two to Cut
Only Technology and Health Care are positive; Energy and Materials get cut before the bell.
COHR's News Pop Gets Sold
Even AI-catalyst names like COHR are being sold into strength, plus TDTT/FTGS volume spikes are defensive, not risk-on.
Oil Pressure and the Chip Setup
Saudi export resumption threatens Energy unless USO reclaims 150, while AMAT near 507 could drive a chip-led continuation.
The Breadth Number That Flips It
Percent above the 20-day must reclaim 11% into the close for the exhaustion bounce to hold, or expect another leg down.
Key points
Breadth cratered from 21% to 11% even as the bear count fell — that's selling exhaustion, not a confirmed bottom.
Only two sectors are green: Technology and Health Care. Concentrate there or sit out.
Cut Energy and Materials before the bell; both are printing new lows.
Hold AMAT but don't add until RVOL confirms above 507.71; don't chase COHR into the sell-the-news move.
Watch percent above the 20-day day — it needs to reclaim 11% into the close for the bounce to hold, otherwise expect another leg down.
See AMAT 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 AMAT in WaveFinder.
See COHR 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 COHR in WaveFinder.
See FORM 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 FORM in WaveFinder.
See TDTT 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 TDTT in WaveFinder.
See FTGS 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 FTGS in WaveFinder.
See USO 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 USO in WaveFinder.
See RSPT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See RSPG 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 RSPG in WaveFinder.