Daily Pulse

Friday, October 23, 2026 · measured after the close · a past session: jump to the latest

Market regime: Constructive · universe tone 47% bullish / 40% bearish

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

XLE LeadingXLV LeadingXLB LeadingXLP LeadingXLY LeadingXLF LeadingXLK LaggingXLC LaggingXLI Lagging

Signal events

New hedge idea — Long PLTR / Short COHR

Technology · Δ74 · both legs fresh

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5 pairs left Hedge Ideas

mostly short leg washed out ?, CRM/NBIS, PLTR/NBIS, CMCSA/META, LUV/GEV, RTX/GEV · worth a review if you took one (tested exit: a 3-day Narrowing run)

CVS strength run ended

Momentum cooling — the early reduce warning

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CL strength run ended

Momentum cooling — the early reduce warning

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EQT strength run ended

Momentum cooling — the early reduce warning

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LNG — confirmed strength

Alpha 75, still building · Energy

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BKR weakness run ended

Pressure lifting

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DELL weakness run ended

Pressure lifting

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APP weakness run ended

Pressure lifting

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RCL strength run ended

Momentum cooling — the early reduce warning

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On the desk's list · Bernoulli

Long Vlong · Financials↗

Long NOWlong · Technology↗

Long BBYlong · Cons Discretionary↗

Long APDlong · Materials↗

Long CRMlong · Technology↗

Long LINlong · Materials↗

Long PYPLlong · Financials↗

Long FDXlong · Industrials↗

Short CRWV / Long XLKhedged short · Technology↗

Short F / 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

93DOWDOW↗ 92IBMIBM↗ 92INTUIntuit↗ 92NOWServiceNow↗ 92ISRGIntuitive Surgical↗

11CRWVCoreWeave↗ 12RIVNRivian↗ 11FFord↗ 13ALABALAB↗ 13ONTOOnto Innovation↗

← 2026-10-222026-10-26 →

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