Market Update 7:00 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 4, 2026

Market Conditions at 7:00 PM ET

Breadth is running thin into the close. Only 37% of the 10,281 stocks in the scan are printing bullish setups—3,849 bull versus 1,901 bear—and the average SCTR of 4.8 tells you most names are pinned near the bottom of their relative strength range. SPY holds a Confirmed Bull trend with a bull count of 6, but its SCTR of 7 shows the index is being carried by a narrow group, not broad participation. The top bull signals—CTNT, VYNE, FMFC, LMFA, IMMP—are small-cap momentum names, the kind that run when money rotates out of the index and into speculative pockets. On the extended side, SJT, TZA, and KOD are stretched and due for mean reversion, with TZA's presence flagging residual hedging demand under the surface. For the next 60–90 minutes, expect chop with a downward bias in the broad tape. With breadth at 37% and the average SCTR under 5, there is no fuel for a sustained afternoon rally—rallies into this kind of internals profile typically get sold. SPY's Confirmed Bull trend argues against a collapse, so the likely path is a range-bound fade: early strength capped, dips bought only at the extremes. Watch whether bull setups hold above 3,800; a break below that confirms distribution into the close. The small-cap momentum names stay the only game with real velocity. Scan the full bull and bear setup lists now and position ahead of the close.