At a Glance
Regime: Weak · Open: Flat · Risk on new positions: High · Custom T2108: 34.5, rising
Focus: Existing Positions
Tonight After Hours: MEDP, META★, MOH, RS, IBM, TXN, CACI, TSLA★ · Tomorrow Before Open: , TSCO, SPOT· ★ = Market Mover
Holding: CLF, HAS
Situational Awareness
Market Condition: Weak Bounce
Commentary: We're still in the midst of a bounce. Or somewhat of a bounce. TSLA and META are reporting this evening. I don't really see the value in adding any risk here. If the market recovers there will be plenty of opportunities.
Watch SPCX today as a Bellwether for follow through or fade. No new trades planned.
Cautious.
Today In Focus
N/A
Also in Play
N/A
Trade Updates
Open:
CLF - Earnings Catalyst - 19th October 2026 - 100% Remaining
HAS - Earnings Catalyst - 20th October 2026 - 100% Remaining
Trims: —
Closed since yesterday:
MRNA - Power Play - 20th October 2026 - Upcoming Event
Macro Events (Eastern Time)
Wednesday October 21 2026
7:00 AM - MBA 30-Year Mortgage Rate (Oct/16) (Previous: 7.5%, Consensus: —)
10:30 AM - EIA Crude Oil Stocks Change (Oct/16) (Previous: -8.56 M, Consensus: -0.8 M)
10:30 AM - EIA Gasoline Stocks Change (Oct/16) (Previous: 3.52 M, Consensus: -0.4 M)
IPOs Today
N/A
Biotech Calendar
XBI +4.4% on the week and -3.2% on the month, under its 50-day. The sector tailwind is gone for now. Reactions have to prove themselves.
Flagged Charts: N/A
Note: Never front-run biotech catalysts. Wait for the catalyst to hit, then assess if the reaction is tradable. Dates are estimates and can shift.
Full H2 Biotech Watchlist: TradingView
Have a Great Week!
Sean Sharpe
