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Breadth is improving even as SPY slips, but the move is defensive rotation into Utilities, Staples, Materials, and Energy rather than genuine recovery. The desk lays out what to hold (LMT, defensives), what to watch (PTLE, RY on confirmation), what to cut (TEM, GGG), and the key SPY and QQQ levels that would flip the...
Breadth improves to 29%/47% above key moving averages while SPY falls 0.44%; QQQ and RSPT flagged as the drag.
Defensive sectors lead (RSPU, RSPS, RSPM, RSPG); holds, watches, and cuts detailed including LMT, PTLE, TEM, and GGG.
SPY's $758.68 guardrail, QQQ's 20-day low, RY confirmation setup, and the SMA levels needed to flip from rotation to recovery.
See SPY 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 SPY in WaveFinder.
Daily bars through Oct 23, 2026.
See QQQ 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 QQQ in WaveFinder.
Daily bars through Oct 23, 2026.
See RSPT 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 RSPT in WaveFinder.
Daily bars through Oct 23, 2026.
See RSPU 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 RSPU in WaveFinder.
Daily bars through Oct 23, 2026.
See RSPS 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 RSPS in WaveFinder.
Daily bars through Oct 23, 2026.
See RSPM 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 RSPM in WaveFinder.
Daily bars through Oct 23, 2026.
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.
Daily bars through Oct 23, 2026.
See LMT 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 LMT in WaveFinder.
Daily bars through Oct 23, 2026.
See PTLE 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 PTLE in WaveFinder.
Daily bars through Oct 23, 2026.
See KRMN 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 KRMN in WaveFinder.
Daily bars through Oct 23, 2026.
See REAL 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 REAL in WaveFinder.
Daily bars through Oct 23, 2026.
See TEM 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 TEM in WaveFinder.
Daily bars through Oct 23, 2026.
See GGG 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 GGG in WaveFinder.
Daily bars through Oct 23, 2026.
See RY 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 RY in WaveFinder.
Daily bars through Oct 23, 2026.
