Market Update 8:00 PM ET — Bearish Breadth, 3850 Bull Setups Active | November 2, 2026

Market Conditions at 8:00 PM ET

Breadth is running thin into the close. Only 37% of the 10,281 stocks in the scan are flashing bull setups—3,850 against 1,900 bear—and the average SCTR of 4.8 tells you the typical name is technically broken, not merely pausing. SPY is the outlier: SCTR 7, Confirmed Bull trend, six bull counts. That divergence is the story. The index holds its trend while the median stock bleeds, which means leadership is narrow and the tape is being carried, not broadened. For the next 60–90 minutes, expect chop with a downward bias in the average stock and continued relative strength in SPY. With average SCTR under 5 and breadth at 37%, there is no fuel for a broad push higher—rallies will stay concentrated in the handful of names holding trend, and the 1,900 bear setups give sellers a deep bench for intraday pressure. Watch whether SPY's six bull counts hold; if they slip, the index catches down to the tape fast. Top bull signals to monitor: CTNT, VYNE, FMFC, LMFA, IMMP. Most extended and due for mean reversion: SJT, TZA, KOD. Run your scans now and set alerts on the bull signals before the next leg resolves.