MagicEdge

Mid-October, $PLTR was the most overbought name on the MagicEdge screener. This week, it’s back testing its Magic Bands bullish cloud, around $170. The trend is still bullish, 88 days in. Magic Waves have dropped from +70 to -14. Healthy reset, or start of a bigger pullback?

Yesterday, $LITE dropped 18.6% to $684. Barely two weeks ago, it was trading above $1,100. On the Magic Bands, the trend flipped bearish only 3 days ago, and price has already broken out of the fan on the lower side. Unlike Intel, Magic Waves are only at -21. Not oversold yet.

The MagicEdge screener has completely flipped. Only 35% of assets are still bullish. 296 trends are less than 12 days old, so the market is rewriting itself. Active signals: 159 sell for 95 buy. Sellers are in control. For now.

Yesterday the question was “is $60 Intel’s next stop?” $INTC closed at $59.97. On the Magic Bands, price has crashed through the entire fan and now trades outside it, on the lower side. Rarely has a big tech been this stretched below its averages.

For the first time since the bullish trend began on August 20, $BTC is trading below its Magic Bands cloud. Price at $78K, cloud around $80-81K. Magic Waves at -56, oversold and still falling. The trend is still technically bullish, 74 days in. But it has lost its main support.

The biggest crypto hack in history just hit Binance: about $6.3B according to the exchange. $BTC dropped to $78.5K. The trend is still bullish, 71 days in. The difference: Magic Waves just hit -50. Oversold for the first time in this trend. Panic or opportunity?

7 major cryptos on MagicEdge. 6 are still in a bullish trend. The exception is $TRX, which flipped bearish 14 sessions ago. Among the bullish ones, momentum splits in two. $ZEC +29 and $BNB +28 on the Magic Waves. $BTC -31, $ETH -42, $SOL -42. Same trend, two speeds.

$SOL is running the same play as $ETH, one step behind. Bullish trend for 70 days, but price at $102 has slipped under the Magic Bands cloud. And unlike ETH, Magic Waves (-44) haven’t turned up yet. The cloud sits around $105. $100 is the line it can’t afford to lose.

$ETH has been in a bullish trend for 82 days. It just slipped under its Magic Bands cloud though. Price is at $2,353, in the lower side of the EMA core. Reclaim the cloud around $2,400 and the trend resets. Fail, and 82 days get questioned.

Only 36% of the market is still bullish. Net flips: -18 over 5 sessions. And 37% of assets are now in the extreme zone, +7.A weak market that’s this stretched rarely stays that way long. Snap back or more downside?

Money is rotating on MagicEdge’s sector map. Healthcare now leads: 59% of names bullish, +10 in 5 sessions. Real Estate +10 too. Tech slips to 44%. Defensives up, tech cooling. Rotation or just a pause?

Crypto market breadth is softening within a bullish regime. 66% of 509 assets remain in a bullish trend, down 9 pts over 5 sessions. Average strength holds at 49/100 and only 2% of assets sit in the extreme zone. The trend is intact, but fewer assets are participating.

$SPCX is retesting the Magic Bands bullish cloud. Price has pulled back into the 1st layer after rejecting $172 in early October. The cloud has acted as support since September and now marks the key level for trend continuation.

Crypto with strong bullish trends: $IOST +42.6%: bullish for 41 sessions, already outside the fan (extreme extension) $BCD: fresh flip 2 days ago, still in the 1st layer $CVX +18.9%: bullish for 72 sessions, 2nd layer One filter, and the strongest setups surface

$BTC through MagicEdge’s Magic Bands 👇 🟢 Bullish trend for 62 days ☁️ Price sitting on the bullish cloud, between $80K and $82K 🧱 Ceiling at $85-87K, the level that rejected us in early October As long as the cloud holds, the structure stays intact.

Momentum screener👇 It spots assets already in a trend that pull back to their equilibrium zone, with a rejection confirmed by strength and volume. Top names: $RWE 93, $SNPS 92, $FFIV 89, $META 89, $CEG 88. Trend pullbacks, filtered for you. Crypto and stocks.

$BTC through the Magic Bands 👇 🟢 Bullish trend for 57 days 📍 Price at $81.5K, back into the EMA core ☁️ Testing the bullish cloud right now, support at $79,640 Hold the cloud and the trend stays intact. Lose $79.6K and the structure gets tested.

5 trend flips on MagicEdge: Bearish: $PATH, $STX, $SAN, $BAYN Bullish: $SES Four flips down for one up, consistent with the contracting breadth across the market. Every flip shows the fast EMA crossing the slow one, with the exact position in the fan.

Where is the trend holding up? Sector ranking by share of bullish assets: 1 Technology: 54% bullish 2 Healthcare: 49% 3 Entertainment: 44%, strongest here (+11) 4 Minerals & Materials: 41%, sharpest drop (-15) Tech still leads, but no sector is above 55%. Breadth is narrow.

Market breadth is weakening. Across 476 assets tracked, the regime has turned bearish over the last 5 sessions: 39 net flips to the downside, bullish breadth down to 38%. Fewer trends, more stretched ones: a configuration worth monitoring closely.