Daily Pulse

Monday, October 19, 2026 · measured after the close · a past session — jump to the latest

Market regime: Cautious · universe tone 41% bullish / 46% bearish

The tape: Trending — trending tape — hedge pairs tested at full strength here; the board runs hot what this means ▸

XLE LeadingXLP LeadingXLV LeadingXLB LeadingXLY LeadingXLF ImprovingXLC LaggingXLK LaggingXLI Lagging

Signal events

New hedge idea — Long IBM / Short ONTO

Technology · Δ73 · both legs fresh

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New hedge idea — Long IBM / Short NBIS

Technology · Δ72 · both legs fresh

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9 pairs left Hedge Ideas

mostly leader faded ? — INTU/COHR, INTU/NBIS, AAPL/COHR, GE/DAL, XYZ/HOOD, GE/ETN… · worth a review if you took one (tested exit: a 3-day Narrowing run)

SPOT strength run ended

Momentum cooling — the early reduce warning

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COIN — confirmed weakness

Alpha 20, still bleeding · avoid / underweight

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LNG strength run ended

Momentum cooling — the early reduce warning

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BKR — confirmed weakness

Alpha 23, still bleeding · avoid / underweight

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RBLX — confirmed strength

Alpha 71, still building · Comm Services

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RCL — confirmed strength

Alpha 76, still building · Cons Discretionary

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CCL — confirmed strength

Alpha 78, still building · Cons Discretionary

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Hedge ideas on the board

Long IBM / Short ONTO Technology · Δ73 · Widening↗

Long IBM / Short NBIS Technology · Δ72 · Widening↗

Long CRM / Short ONTO Technology · Δ70 · Widening↗

Long CRM / Short NBIS Technology · Δ69 · Widening↗

Long RTX / Short AXON Industrials · Δ61 · Widening↗

Long RTX / Short ETN Industrials · Δ58 · Widening↗

Leaders & laggards by Alpha

90COSTCostco↗ 92ACNAccenture↗ 92VVisa↗ 92COPConocoPhillips↗ 91MAMastercard↗

11COHRCoherent↗ 11UALUnited Airlines↗ 9RIVNRivian↗ 12ALBALB↗ 12AKAMAkamai↗

← 2026-10-162026-10-20 →

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Analytical tools and historical measurements for educational and informational purposes only — not investment advice or a recommendation. Past behavior, including backtested results, does not guarantee future outcomes. · Operator's Manual · Are you an AI? · © 2026 TradeMath