The S&P 500 closes above 7,700 for the first time on broad, confirmed breadth expansion, fueled by a historic semiconductor rebound, a crude oil selloff, and falling yields. But the episode flags a critical shift: earnings beats alone no longer cut it — only guidance-quality raises are being rewarded, and a stretched USD/JPY carry trade...

The post Morning Dose #312: Breadth Confirms It: S&P Tops 7,700 as Chips Roar Back – Wednesday 8/5/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

SanDisk, Western Digital, and AppLovin get hammered on guidance even after beating estimates, while the Dow sets fresh records — a classic split tape. The hosts break down the Fed’s rate-hike risk, a fragile yen carry trade, and a brutal fifty-percent earnings bar, then lay out clean continuation trades in DASH and MCK for the...

The post Morning Dose #313: Split Tape: Chips Get Punished, Dow Keeps Sprinting – Thursday 8/6/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

Futures are green heading into the 8:30 jobs report, but breadth is deteriorating fast and bears now outnumber bulls. The team breaks down the hawkish Fed backdrop, a collapsing breadth measure, a split earnings tape rewarding guidance over beats, and a tight, selective playbook for trading around the payrolls report.

The post Morning Dose #314: Cautious Before the Bell: Jobs Day, Narrowing Breadth, and the CPI Fuse – Friday 8/7/2026 first appeared on WaveRider Reads: Trading Books Unpacked.