Market Update 5:00 PM ET — Bearish Breadth, 3851 Bull Setups Active | November 5, 2026

Market Conditions at 5:00 PM ET

Breadth is running thin into the close. Only 37% of the 10,281 stocks in our scan are flashing bull setups—3,851 against 1,902 bear setups—and the average SCTR of 4.8 tells you the typical name is barely off the mat. SPY carries an SCTR of 7 with a Confirmed Bull trend and six bull counts, so the index itself is holding up even as participation collapses underneath. That divergence is the story: leadership is narrow, and the momentum crowd is crowded into a handful of names. CTNT, VYNE, FMFC, LMFA, and IMMP are the top bull signals, while SJT, TZA, and KOD sit most extended—TZA's presence on that list confirms the hedging bid is stretched, not absent. For the next 60–90 minutes, lean toward range-bound chop with a downward tilt. With breadth at 37% and the average SCTR under 5, there is no broad thrust to sustain an afternoon rally, and SPY's Confirmed Bull status is doing the heavy lifting alone. Expect the index to hold near current levels but fade on any push, with the weakest setups bleeding into the close. Watch whether SPY's six bull counts erode—if they do, the tape gets heavier fast. Scan the full bull and bear setup lists now and position ahead of the close.