Evening review
Risk-off
Tech slides after CPI: one short idea on US Tech 100
Wall Street is lower after this morning's CPI: US Tech 100 -1.8%, US 500 -1.1%, US 30 -0.3%, VIX 16.66 (+9.1%, under both limits). We screened 15 instruments on the cash series, with MA20 and ATR14 computed on completed daily bars. Only US Tech 100 offered a clean structure: a staircase from 30437 to 30030 that broke the late-September lows at 30204 and 30081, 1.30 ATR under its 20-day average. We published a swing short (stop 30289, tp1 29512, 2.0R). NVDA (-1.23 ATR) also qualified but is the same bet as the index with more gap risk; AAPL (+1.35 ATR) and LLY (+1.42 ATR, +4% on news) passed the band but were less clean, and only one idea is allowed per review. US 500, US 30, HD and TSLA sit within 0.5 ATR of their averages (noise). MSFT, V, WMT, KO, XOM and CAT are 1.85-3.99 ATR away (late). JPM rebounded from 326.40 toward its average with no lower high to anchor a stop. No major data until the Fed on 28 October.
Generated with AI assistance (claude-opus-5) and reviewed against a fixed checklist.