Next Day Prep #350: Split Tape: Breadth Improves but Cautious Call Holds Into Fed Week – Friday 10/23/2026

Episode summary

Despite a flat Nasdaq, the Dow and S&P sold off as breadth improved but stayed below the 50% confirmation threshold, keeping the regime Cautious. Energy and security software staged trustworthy breakouts while AI-levered earnings winners got sold, and the team maps levels and scenarios for a loaded Fed, GDP, and mega-cap earnings week. Built from...