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A one-day breadth collapse from 35% to 15% above the 20 SMA triggers a defensive, distribution-flavored session. The hosts break down which OpenAI-hit chip names to cut, why energy is the only confirmed leader worth holding, and the single 20 SMA level that decides whether tomorrow is a buy-everything bounce or a stock-picker’s grind.
Chapter by chapter
Breadth Craters to 15%
Short-term breadth collapses twenty points in a single session, flagging a regime shift.
40 SMA Holds the Floor
The 40 SMA firms up even as bears outnumber bulls two-to-one, framing the day as a flush, not a structural break.
Cutting OpenAI-Hit Chip Names
GLW, SKHY, and HIMX get cut on fundamental damage from the OpenAI revenue miss, plus a stop-loss warning on SBUX.
Energy Leads, Hold for Confirmation
PSX and PBR stand out as the day's leaders, but adds require energy to hold its bid into the close.
Thin Volume, No Conviction
FDS's big move runs on weak RVOL, and only EWZS and MMED show real volume behind their reversals.
PSX Continuation Setup
PSX above 280.81 is the cleanest continuation trade, while AI-hardware names stay under pressure.
Watch the 20 SMA Open
A reclaim above 20% on the 20 SMA signals a shakeout; staying under 15% confirms distribution and selectivity.
Key points
Short-term breadth (20 SMA) crashed from 35% to 15% in one day while the 40 SMA firmed, signaling a flush rather than a structural breakdown.
Cut OpenAI-exposed names GLW, SKHY, and HIMX — this is a fundamental revision, not noise — and honor stops on SBUX amid Chipotle-bid uncertainty.
Energy (PSX, PBR) is the day's clear leader, but only add on confirmation if it holds its bid into the close.
Many of today's 'leaders' like FDS ran on thin RVOL — treat low-volume pops with skepticism.
The 20 SMA reclaiming 20% tomorrow determines whether this was a shakeout or confirmed distribution requiring a stock-picker's approach.
See GLW 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 GLW in WaveFinder.
See SKHY 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 SKHY in WaveFinder.
See HIMX 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 HIMX in WaveFinder.
See SBUX 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 SBUX in WaveFinder.
See PSX 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 PSX in WaveFinder.
See PBR 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 PBR in WaveFinder.
See FICO 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 FICO 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 EWZS 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 EWZS in WaveFinder.
See MMED 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 MMED in WaveFinder.
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.