Daily Pulse

Wednesday, November 4, 2026 · measured after the close · a past session: jump to the latest

Market regime: Risk-On · universe tone 51% bullish / 33% bearish

The tape: Flat, flat tape: thin pickings in testing: expect less from every idea, exit on the rule what this means ▸

XLV LeadingXLP LeadingXLB LeadingXLY LeadingXLF LeadingXLI ImprovingXLE LaggingXLC LaggingXLK Lagging

Signal events

The tape turned: Flat

flat tape: thin pickings in testing: expect less from every idea, exit on the rule

↗

4 pairs left Hedge Ideas

mostly leader faded ?, SNPS/DDOG, SNPS/APP, MPWR/AKAM, MCHP/DDOG · worth a review if you took one (tested exit: a 3-day Narrowing run)

TSM, confirmed weakness

Alpha 25, still falling · lagging the market on a second close · the short side's shape, if any, is on the list

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PFE, confirmed strength

Alpha 81, still building · Health Care

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CL, confirmed strength

Alpha 78, still building · Cons Staples

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UBER, confirmed strength

Alpha 70, still building · Industrials

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GEV, confirmed weakness

Alpha 29, still falling · lagging the market on a second close · the short side's shape, if any, is on the list

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EQT, confirmed weakness

Alpha 30, still falling · lagging the market on a second close · the short side's shape, if any, is on the list

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OXY, confirmed weakness

Alpha 27, still falling · lagging the market on a second close · the short side's shape, if any, is on the list

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DELL, confirmed weakness

Alpha 19, still falling · lagging the market on a second close · the short side's shape, if any, is on the list

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On the desk's list · Bernoulli

Long DALlong · Industrials↗

Long Vlong · Financials↗

Long MAlong · Financials↗

Long UPSlong · Industrials↗

Long FDXlong · Industrials↗

Long LLYlong · Health Care↗

Long ABTlong · Health Care↗

Long ECLlong · Materials↗

Short BKR / Long XLEhedged short · Energy↗

Short COHR / Long XLKhedged short · Technology↗

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

92SPOTSpotify↗ 92ACNAccenture↗ 92UPSUPS↗ 92NXPINXP Semiconductors↗ 91DISDisney↗

16FCXFCX↗ 15TERTeradyne↗ 16MRVLMarvell↗ 15ALABALAB↗ 17ONTOOnto Innovation↗

← 2026-11-032026-11-05 →

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