Market Update 7:45 PM ET — Bearish Breadth, 3850 Bull Setups Active | November 2, 2026

Market Conditions at 7:45 PM ET

Breadth is running thin into the close. Only 37% of the 10,281 stocks in our scan are printing bullish setups—3,850 bull versus 1,900 bear—and the average SCTR sits at a weak 4.8. That divergence matters: SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, but the median stock is nowhere near confirming it. Leadership is narrow and speculative, with top bull signals clustered in low-float names like CTNT, VYNE, FMFC, LMFA, and IMMP. Meanwhile, SJT, TZA, and KOD screen as the most extended—TZA's presence flags persistent hedging demand under the surface. For the next 60–90 minutes, breadth argues for caution on the long side. A 37% bullish reading with a 4.8 average SCTR rarely supports sustained upside into the close; the path of least resistance is chop with a downward bias, and failed breakouts in extended small caps are the risk. Watch whether SPY's six bull counts hold—if breadth deteriorates further, expect rotation out of the speculative fringe and into the extended hedges. A breadth thrust above 45% would flip the script, but nothing in this data supports front-running that. Scan the full signal board at Barchart.com and position ahead of tomorrow's open.