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.

Markets cool off record highs as traders digest a shockingly weak jobs report that’s paradoxically boosting rate-cut odds. Breadth is accelerating fast, small caps are tripling mega-cap growth, and valuations have actually gotten cheaper despite the records — but everyone’s holding their fire until Wednesday’s CPI print.

The post Morning Dose #315: Bad News, Good Rates: Breadth Explodes Into CPI – Monday 8/10/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

Oil spiked and semis got flushed, but the major indices barely budged as a late headline on U.S.-Iran talks flipped futures green overnight. With breadth deteriorating and leadership narrowing into energy, metals, and financials, the desk lays out a cautious First Hour Pass playbook ahead of tomorrow’s critical CPI print.

The post Morning Dose #316: Coin Flip Tape: Oil, Chips, and the CPI Countdown – Tuesday 8/11/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

CPI comes in dead-on consensus, sparking a futures rally and a global risk-on move, but short-term breadth quietly cools even as intermediate trends hold. The team breaks down the sector divergence, AI-driven earnings momentum from CoreWeave, Super Micro, and CAVA, and lays out a controlled-risk playbook keyed off today’s 1pm ten-year Treasury auction.

The post Morning Dose #317: In-Line CPI, Coin-Flip Hike Odds, and the 1PM Auction Test – Wednesday 8/12/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

A soft PPI print and easing CPI reinforce the disinflation trade, sending rate-cut odds higher and breadth improving beyond just semis and AI. The hosts break down yesterday’s narrow-but-improving tape, the ‘good news isn’t good enough’ punishment of Cisco and Coherent, and lay out a selective, controlled-risk playbook ahead of today’s 1pm Treasury auction.

The post Morning Dose #318: Cooling Not Breaking: Soft PPI Sparks a Broadening Rally – Thursday 8/13/2026 first appeared on WaveRider Reads: Trading Books Unpacked.

The S&P closes above 7,800 for the first time as broadening market breadth and falling hike odds fuel the rally, even as a surprise retail sales miss adds a wrinkle. The team breaks down sector rotation from semis into software and lays out today’s key trade levels and game plan around the 10 a.m. Michigan...

The post Morning Dose #319: Record Close, Cooling Inflation, and a Software Baton Pass – Friday 8/14/2026 first appeared on WaveRider Reads: Trading Books Unpacked.