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A sixty-minute-to-the-bell breakdown of a split tape where sentiment reads bearish but breadth is quietly healing, driven by rotation into Energy and Health Care. The hosts cover what to hold (VLO, PSX, MPC, VST), what to cut (CAT, ORCL), what to avoid (CIFR), and what sets up for tomorrow’s open.
Chapter by chapter
Split Tape Opens the Hour
Sentiment reads bearish while the 40-day trend and breadth metrics turn bullish, setting up a split-tape regime.
Breadth Numbers Confirm the Shift
Percent above the 40 SMA jumps to 32.18% and Bear 4% count collapses, confirming a grind-higher rotation day.
Hold: Energy Leaders Into the Close
VLO, PSX, MPC, and VST hold key levels on low RVOL trend-extension, with Energy and Health Care leading relative strength.
Cut CAT and ORCL, Avoid the CIFR Knife
CAT and ORCL get lightened on fading sentiment and Tech weakness, while CIFR's 11.6% gap-down is flagged as a falling knife to avoid, with IHD and EIX on the watch list.
Financials Firm Up, Key Levels Ahead
Improving Financial breadth, VST and VEEV's key levels, and overnight crude/refining spreads set the stage for tomorrow, with discipline and risk limits unchanged.
Key points
Bearish sentiment (4% reads) is diverging from bullish breadth and trend signals — trust breadth over sentiment noise.
Energy and Health Care are the clear rotation leaders; refiners VLO, PSX, MPC, and VST are holding key levels, though low RVOL (0.3-0.5) means this is trend-extension, not a momentum chase.
Cut CAT and ORCL before the bell as Tech relative strength fades into the 16th percentile.
CIFR's 11.6% gap-down is a falling knife, not a reversal — avoid catching it or averaging down.
Improving Financial breadth and Energy follow-through (crude, refining spreads) are the key tells for tomorrow's open.
See VLO 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 VLO 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 MPC 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 MPC in WaveFinder.
See VST 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 VST in WaveFinder.
See CAT 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 CAT in WaveFinder.
See ORCL 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 ORCL in WaveFinder.
See CIFR 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 CIFR in WaveFinder.
See IHD 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 IHD in WaveFinder.
See EIX 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 EIX in WaveFinder.
See VEEV 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 VEEV in WaveFinder.