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A 60-minutes-to-the-close breakdown of a sharp bull-bear sentiment flip and improving market breadth. The desk sets a clear playbook — hold confirmed leaders like MRNX, FFIV, and ELV, cut unconfirmed breakdowns in CD and ALHC, and flags a volume-backed late entry in QVCG. The episode closes with tomorrow’s setup: a software rotation led by OKTA and SAIL, contingent on breadth holding green into the close.
Chapter by chapter
Breadth Climbs, Bull-Bear Ratio Flips
Breadth above the 40 SMA rises to 28.1% and the bull-bear ratio flips bullish, but the move stays narrow and selective.
Holds, Cuts, and One Late Entry
MRNX, FFIV, and ELV are held as confirmed leaders while CD, ALHC, and AVNT get cut; QVCG stands out as a volume-backed late entry.
Software Rotation and Overnight Risk
OKTA and SAIL point to a software rotation out of Health Care, with overnight longs contingent on breadth staying green into the close.
Key points
Bull-bear sentiment flipped from 177/93 bearish to 122/93 bullish, with breadth above the 40 SMA rising 3.2 points to 28.1%.
Only 28% of names are above their 40 SMA — this is a selective trend day, not a broad breakout.
Hold confirmed leaders MRNX, FFIV, and ELV into the close; cut unconfirmed breakdowns CD and ALHC, and fade AVNT.
QVCG's 3.7 RVOL makes it the one credible late-day reversal entry — volume confirmation separates signal from noise.
Tomorrow's setup centers on OKTA holding above $220 alongside SAIL strength, signaling a possible Health Care-to-software rotation — but only carry longs overnight if breadth stays green.
See MRNX 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 MRNX in WaveFinder.
See FFIV 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 FFIV in WaveFinder.
See ELV 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 ELV in WaveFinder.
See CD 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 CD in WaveFinder.
See ALHC 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 ALHC in WaveFinder.
See AVNT 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 AVNT in WaveFinder.
See QVCG 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 QVCG in WaveFinder.
See OKTA 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 OKTA in WaveFinder.
See SAIL 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 SAIL in WaveFinder.