Next Day Prep #340: Calm Surface, Strong Undertow: Breadth Cracks Ahead of Bank Earnings – Monday 10/12/2026

Despite a nearly flat S&P, 20-day breadth collapsed from 24% to 14% in a single session, exposing a bearish undertow beneath a quiet headline. The hosts break down why energy and select names like FICO held up while semiconductors and AI-infrastructure stocks got hammered, then preview tomorrow’s bank earnings and key levels to watch.

The post Next Day Prep #340: Calm Surface, Strong Undertow: Breadth Cracks Ahead of Bank Earnings – Monday 10/12/2026 first appeared on WaveRider Markets.