Market Update 5:00 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 3, 2026

Market Conditions at 5:00 PM ET

Breadth is running thin into the close at 5:00 PM ET on November 3, 2026. Only 37% of the 10,281 stocks in the scan are flashing bull setups—3,849 against 1,901 bear setups—and the average SCTR of 4.8 confirms this is a stock-picker's tape, not a broad rally. SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, but that strength is narrow and isolated. Leadership is concentrated in speculative names: CTNT, VYNE, FMFC, LMFA, and IMMP are the day's top bull signals, while SJT, TZA, and KOD sit most extended. When the index holds trend while breadth lags this hard, upside follow-through is limited and reversals get sharp. Into the next 60–90 minutes, expect SPY to chop sideways to slightly lower as thin breadth caps momentum. With only 37% of stocks participating, there is no fuel for a broad push higher, and the average SCTR near 5 means most names are already lagging the index. Watch for rotation out of extended names like SJT and TZA and failed breakouts in the speculative leaders. A drift toward the lower end of the session range is the higher-probability path unless breadth expands above 45%. Scan the full bull and bear setup lists now at MarketPulse to catch the next rotation before the close.