Overview
The October 4 scan produced 135 total 20-week signals, split between 74 bullish (dollar_20_wk + pct_20_wk) and 61 bearish (dollar_d20_wk + pct_d20_wk) breakouts. The resulting bullish ratio of 54.8% places this session in balanced territory — institutional sentiment is mixed rather than aggressively accumulating, favoring selective rather than broad-based positioning.
The SA Regime reads Bearish despite breadth of only 21.6% of names above SMA-40 and a Bullish/Bullish sentiment tag — a divergence that signals late-stage, narrow leadership. Technology (2.8% ATR%) and Health Care (0.9%) are the only sectors with positive ATR momentum, while Consumer Discretionary, Utilities, and Real Estate are deeply negative. Notably, every ticker in today’s bullish and bearish lists shows 0 institutional funds, meaning the moves are price/volume driven rather than confirmed by visible institutional accumulation — a caution flag.
Quality Score: 3/5 (capped). Per regime-quality rules, the Bearish macro backdrop caps conviction at 3 despite a respectable signal count and Technology-sector alignment. The balanced bull/bear ratio and zero-fund institutional backing keep this from scoring higher.
Top 5 Bullish Picks
SNPS ($489.90) — SOFTWARE / Computer Sftwr-Design
Weekly Momentum: SNPS posted the strongest ATR Multiple in the bullish group at 5.20x with a 4.1% ADR%, confirming an outsized weekly dollar move relative to its own volatility. Relative volume of 1.1 shows participation above average, while the stock remains 9.2% below its 52-week high and 35.1% above its 52-week low, suggesting room to extend before resistance.
| Level | Price |
|---|---|
| Risk (1.5x ATR) | $461.35 |
| Entry | $489.90 |
| Target (2x ATR) | $527.96 |
Institutional Interest: 0 funds reported; bucket all_unique_bucket_1_stocks. No fund accumulation data yet confirms the move.
SMH ($630.60) — ETF/ETN/CEF / Finance-ETF
Weekly Momentum: As the semiconductor sector proxy, SMH’s 4.39x ATR Multiple and $15.30 ATR reflect broad chip-sector strength. LOD Risk ATR% of 13.4% signals elevated intraday volatility, and the ETF sits just 6.1% off its 52-week high, confirming trend leadership.
| Level | Price |
|---|---|
| Risk (1.5x ATR) | $607.65 |
| Entry | $630.60 |
| Target (2x ATR) | $661.20 |
Institutional Interest: 0 funds; no bucket assigned (ETF structure).
ADI ($417.15) — CHIPS / Elec-Semiconductor Mfg
Weekly Momentum: ADI’s 4.10x ATR Multiple on a $11.29 ATR drove the dollar breakout, with the stock only 6.5% below its 52-week high and up 86.7% off its low — a strong technical base supporting continuation.
| Level | Price |
|---|---|
| Risk (1.5x ATR) | $400.21 |
| Entry | $417.15 |
| Target (2x ATR) | $439.73 |
Institutional Interest: 0 funds; bucket all_unique_bucket_2_stocks.
CLS ($387.35) — ELECTRNCS / Elec-Contract Mfg
Weekly Momentum: CLS combined a high 5.0% ADR% with a 3.37x ATR Multiple, producing the breakout. Elevated LOD Risk ATR% (36.7%) warns of wide daily swings, though the stock trades 68.2% above its 52-week low.
| Level | Price |
|---|---|
| Risk (1.5x ATR) | $357.51 |
| Entry | $387.35 |
| Target (2x ATR) | $427.13 |
Institutional Interest: 0 funds; bucket all_unique_bucket_1_stocks.
ONTO ($327.74) — CHIPS / Elec-Semiconductor Equip
Weekly Momentum: ONTO’s 3.35x ATR Multiple and 4.2% ADR% generated the dollar breakout, though relative volume of 1.0 shows only in-line participation. The stock is a standout on a 52-week basis, up 175.5% from its low.
| Level | Price |
|---|---|
| Risk (1.5x ATR) | $304.35 |
| Entry | $327.74 |
| Target (2x ATR) | $358.92 |
Institutional Interest: 0 funds; bucket funds_500.
Bearish Alerts
Bearish pressure is concentrated in Medical/Biotech: LLY (-11.6% off 52W high, ATR Multiple -1.02), MDGL (-18.8%, -1.38x), KRYS (-15.8%, -1.80x), and LQDA, which stands out with a 4.1x relative volume spike, a -2.77x ATR Multiple, and a 69.4% drawdown from its 52-week high — signaling possible capitulation. RACE (Auto Manufacturers) also broke down with -2.18x ATR Multiple and 1.2 relative volume, reflecting cross-sector distribution beyond healthcare.
Sector Theme
Bullish leadership is almost entirely Technology/Semiconductor (ONTO, SMH, ADI, CLS, SNPS), directly aligned with the top-ranked sector by ATR% (2.8%). This confirms sector rotation into chips despite the broader Bearish regime. Conversely, bearish signals cluster in Medical despite Health Care ranking as the #2 sector by ATR%, highlighting stock-specific distribution rather than sector-wide weakness. The weakest sectors (Consumer Discretionary, Utilities, Real Estate) are not represented in today’s signal list, suggesting avoidance rather than active breakdown there.
Institutional Summary
No ticker in either the bullish or bearish lists reports an active institutional fund count above zero today. ACN (bucket funds_1000), MPWR (funds_1000), CAT (funds_1000), and SNPS/CLS/FN/PWR (all_unique_bucket tiers) are flagged by bucket classification for future fund-flow tracking, but current accumulation data is undefined. Traders should treat today’s breakouts as technically driven and monitor next week’s fund-count updates for confirmation before scaling size.