Oct 19, 2026 · 5 min · 5 segments
With index charts dark, breadth tells a divided story — 40SMA improving while 20SMA collapses, and sentiment swinging from Very Bearish to Neutral overnight. The hosts break down which movers (CDNA…
Index charts are dark today.
No SPY, no QQQ, no IWM.
So the only read we've got is breadth.
And right now, breadth is arguing with itself.
It really is.
OK, so how's the regime shifted since the open?
Here's the thing.
The 40 SMA breadth is up 34.52% today versus 31.1% yesterday.
Intermediate term, it's actually improving.
But the 20 SMA, that collapsed.
15% today, down from 27%.
Wait, really? So short-term is falling apart while...
While the longer time frame stabilizes.
Exactly.
Two time frames, two different stories.
That's a classic divergence.
Textbook.
Like a patient whose long-term vitals are improving, but who just spiked a fever.
You don't discharge them yet.
Right.
And sentiment? Sentiment flipped hard.
Bull 4% at 122, bear 4% at 108.
And yesterday? 64 bulls, 404 bears.
Oh, wow.
So it went from very bearish to neutral overnight.
Index charts are dark today.
No SPY, no QQQ, no IWM.
So the only read we've got is breadth.
And right now, breadth is arguing with itself.
It really is.
OK, so how's the regime shifted since the open?
Here's the thing.
The 40 SMA breadth is up 34.52% today versus 31.1% yesterday.
Intermediate term, it's actually improving.
But the 20 SMA, that collapsed.
15% today, down from 27%.
Wait, really? So short-term is falling apart while...
While the longer time frame stabilizes.
Exactly.
Two time frames, two different stories.
That's a classic divergence.
Textbook.
Like a patient whose long-term vitals are improving, but who just spiked a fever.
You don't discharge them yet.
Right.
And sentiment? Sentiment flipped hard.
Bull 4% at 122, bear 4% at 108.
And yesterday? 64 bulls, 404 bears.
Oh, wow.
So it went from very bearish to neutral overnight.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.