Daily Pulse

Thursday, October 22, 2026 · measured after the close · a past session: jump to the latest

Market regime: Constructive · universe tone 49% bullish / 38% bearish

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

XLV LeadingXLP LeadingXLE LeadingXLY LeadingXLB LeadingXLF LeadingXLI ImprovingXLK LaggingXLC Lagging

Signal events

New hedge idea — Long CRM / Short APP

Technology · Δ64 · both legs fresh

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New hedge idea — Long PLTR / Short NBIS

Technology · Δ61 · both legs fresh

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10 pairs left Hedge Ideas

mostly short leg washed out ?, CRM/COHR, NXPI/COHR, RBLX/TMUS, NXPI/NBIS, RBLX/GOOGL, TSLA/BKNG… · worth a review if you took one (tested exit: a 3-day Narrowing run)

GEV — confirmed weakness

Alpha 23, still bleeding · avoid / underweight

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EQT — confirmed strength

Alpha 70, still building · Energy

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BKR — confirmed weakness

Alpha 17, still bleeding · avoid / underweight

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NET weakness run ended

Pressure lifting

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GILD — confirmed strength

Alpha 70, still building · Health Care

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DAL weakness run ended

Pressure lifting

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LUV — confirmed strength

Alpha 75, still building · Industrials

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On the desk's list · Bernoulli

Long NOWlong · Technology↗

Long EXPElong · Cons Discretionary↗

Long SHWlong · Materials↗

Long BBYlong · Cons Discretionary↗

Long BLKlong · Financials↗

Long PFElong · Health Care↗

Long MAlong · Financials↗

Long Vlong · Financials↗

Short F / Long XLYhedged short · Cons Discretionary↗

Short GM / Long XLYhedged short · Cons Discretionary↗

Not offered in this tape: cycle pairs · the dislocation bounce, the shapes that tested negative here are kept off the list.

Leaders & laggards by Alpha

93ACNAccenture↗ 92VVisa↗ 91IBMIBM↗ 92INTUIntuit↗ 91NOWServiceNow↗

13ALBALB↗ 13ARMArm Holdings↗ 13COHRCoherent↗ 13CRWVCoreWeave↗ 13RIVNRivian↗

← 2026-10-212026-10-23 →

Open the desk →

Analytical tools and historical measurements for educational and informational purposes only; not investment advice or a recommendation. Replayed figures are hypothetical: today's rules applied to past prices, after modelled costs, and no account was traded on them. Hypothetical results have inherent limitations and do not represent actual trading. Past performance, including backtested results, does not guarantee future outcomes. Trading stocks involves substantial risk of loss. · Operator's Manual · About · Support · Terms · Privacy · Refunds · © 2026 TradeMath, a trade name of Nitrode Corporation