Midday Movers

WaveRider Markets

Midday Wave #137: Breadth Firms, Momentum Cracks: Tech Bleeds as Defense Takes Over – Thursday 10/22/2026

OCT 22, 20266 MIN

Description

Long-term breadth improves while short-term breadth and sentiment collapse, led by a sharp selloff in QQQ and Technology. Insurance, Staples, and Health Care hold gains as institutional flows rotate into defensive names, with QQQ’s $706.63 floor and SPY’s $768.20 SMA50 the key afternoon levels to watch. Built from WaveFinder scanner data at app.waverider.ai. The post Midday Wave #137: Breadth Firms, Momentum Cracks: Tech Bleeds as Defense Takes Over – Thursday 10/22/2026 first appeared on WaveRider Markets.