Prepare my day · Monday, October 19
Markets through Friday's close
- Equities: S&P 500 −1.1% day, −2.0% week; Nasdaq-100 −2.5% day, −5.5% week; Russell 2000 −1.7% day, −3.0% week; Dow Jones −0.4% day, +0.6% week.
- Treasury proxies (ETF prices, not yields): SHY +0.1% day, +0.2% week; IEF +0.1% day, +1.1% week; TLT +0.1% day, +2.7% week.
- Macro: Dollar −0.3% day, −0.3% week; Gold −0.2% day, −0.7% week; Oil +2.8% day, +9.1% week; Bitcoin −0.9% day, −0.9% week.
Regime
- Leaning down: 19% of measured securities are in uptrends and 35% in downtrends, with 28% above their 50-day average. Securities near 52-week lows outnumber those near highs 409 to 344.
Viridia changes
- Structure: 637 liquid names (e.g. AVGO: Trend moved from mixed to downtrend. LLY: Trend moved from mixed to uptrend.)
- Wave count: 336 liquid names (e.g. TSLA: New leading count: Zigzag wC ↓ (confidence 71). PLTR: New leading count: Flat complete ↓ (confidence 67).)
- New Fib zone: 882 liquid names (e.g. SPY: A new Fibonacci confluence zone formed near 726.26. QQQ: A new Fibonacci confluence zone formed near 682.57.)
- Invalidation: 3 liquid names (e.g. SUI: Impulse w4 ↑ was invalidated: price closed at 118.08, beyond its 117.46 level. Now Triangle complete ↑. MMS: Ending Diagonal w4 ↑ was invalidated: price closed at 61.47, beyond its 61.1 level. Now Ending Diagonal w4 ↑.)
- Timeframes: 151 liquid names (e.g. TSLA: Daily (down) and weekly (up) counts no longer agree. PLTR: Daily (down) and weekly (up) counts no longer agree.)
Viridia signals
- Strong structure: 1,397, 30 new, −15 vs prior session.
- Wave 3: 283, 15 new, −5 vs prior session.
- Fib confluence: 1,050, 381 new, +33 vs prior session.
- Near invalidation: 13, 6 new, +2 vs prior session.
- Correction complete: 680, 37 new, −6 vs prior session.
- 52W strength: 244, 31 new, −29 vs prior session.
Market context
- S&P 500 −1.1% on the day and −2.0% over five sessions; Nasdaq-100 −2.5%; Russell 2000 −1.7%.
- Small caps lagged large caps by 1.1 points over five sessions.
- TLT (long-Treasury ETF) +2.7% over five sessions, consistent with long-term yields falling; SHY (short end) held steady.
- Oil +9.1% over five sessions, the largest move among dollar, gold, oil and bitcoin.
- Decliners led advancers 2,566 to 1,386 at the last close.
- Iambic Therapeutics, Inc. +25.9%, the largest gain among securities trading $25M+ a day.
- GraniteShares 2x Long NBIS Daily ETF −24.5%, the largest decline among securities trading $25M+ a day.
Setups to review
- GE: Bullish · Wave C under way · reference 313.83, invalidation 268.91, structural target 416.54 · 2.3 : 1
- T: Bullish · Wave C under way · reference 23.44, invalidation 19.89, structural target 29.00 · 1.6 : 1
- XLY: Bullish · Wave C under way · reference 112.46, invalidation 105.19, structural target 124.99 · 1.7 : 1
- RTX: Bullish · Wave C under way · reference 193.92, invalidation 170.78, structural target 235.12 · 1.8 : 1
- COF: Bullish · Wave C under way · reference 201.74, invalidation 174.24, structural target 243.68 · 1.5 : 1
- PH: Bullish · Wave C under way · reference 963.34, invalidation 815.01, structural target 1,196.34 · 1.6 : 1
Compiled from Viridia's structural model and stored end-of-day data. Research output, not a recommendation.