Evening review
Neutral
Nasdaq short hits target, new Tesla short as rotation continues
US Tech 100 opened today at 29510, through our 29512 target: the 14 Oct short (CS-2026-0018) is closed at tp1 for +2.0R. Honestly, the whole move came from one overnight gap after PPI and retail sales, so it says little about the edge on its own. The market is split: US Tech 100 sits 2.14 ATR below its 20-day average, US 30 1.14 ATR above, US 500 only 0.17 ATR away (noise). VIX 16.96, flat on the day. Of 15 instruments screened, ten were blocked as late entries (V, WMT, KO, LLY, XOM, CAT, HD, NVDA, MSFT, US Tech 100: all beyond 1.50 ATR from the average), two as noise (US 500, JPM at 0.49 ATR), and two on structure: US 30 and Apple pass the band but would be longs right under resistance (52317 and 347-348), with less than 1R of room. The one idea is a Tesla short at 359.75: five lower daily highs, a break of the 363.82 low and a failed retest there. Stop 366.56, target 346.13 (2.0R), closed before the 21 Oct earnings.
Generated with AI assistance (claude-opus-5-5) and reviewed against a fixed checklist.