SPY and QQQ both sit within 0.7% of 52-week highs and VIX is only 15.78 (+4.6% on the day), but Fear & Greed's breadth and price-strength components read extreme fear (2.4/2.6) while momentum reads greed — index tape is calm, what's under it is not.
IREN (-6.3%, held) and CCJ (-4.25%, held) are both caught in the same move: SemiAnalysis flagged AI data-center financing/capex concerns and dragged the whole power-and-nuclear complex (CIFR, APLD, NBIS, OKLO, CORZ, LEU, SMR) down 4-6% in sympathy. No fib level or stop crossed on either name, this is sector rotation, not an IREN- or CCJ-specific break.
VST (+3.88%, held) is the one green mover of size — DOE committed up to $4.2B conditionally for nuclear uprates at three Ohio/PA plants, straight into the baseload-for-AI thesis, even as BMO trimmed its target from 231 to 210.
APLD (watched, not held) missed badly yesterday (EPS -0.76 vs -0.26 est, -192% surprise) and is down another 6% today — likely the spark for the broader AI-power-complex selloff pulling IREN and CCJ down with it.
S&P 5007,802-0.22%
NASDAQ27,539-0.22%
Dow Jones51,180-0.66%
Bitcoin82,413-1.04%
Ethereum2,533-1.56%
Fear & Greed
44.7
fear
+0.1 vs prior close
Price strength2
Breadth3
Put / call30
VIX50
Earningsheld first, then watched, then size
PEPPepsico, Inc.WATCH· BMO · not out yet$123.73Reports BMO today, consensus EPS $2.29, stock already sitting at a 52-week low (123.73, 0.21% above low52) — watch for volume/pricing commentary, PEP is one of several staples names near lows right now.
* Option credits exceed half the cost of that position, so true basis is real but its percentage return is not. P&L is every dollar including options and dividends; the small figure under it is the share move against broker basis.
0.1% below the 38.2% fib at $304.07 · crossed the 38.2% down since the last scan
Abnormal movers502 names scanned
ALLEAllegionServices· 3.5x normal$147.91-4.7%Grouped with Astronics, Methode, Whirlpool and Installed Building Products in a broad building-products/industrials selloff, not an Allegion-specific story.
SNASnap-onMachinery· 3.2x normal$359.89-2.4%Barclays maintained Overweight but cut its target from $450 to $435 ahead of Thursday's Q3 print, pressuring shares into the report.
SPGSimon Property GroupREIT· 3.0x normal$197.59-2.1%Caught in a broad REIT selloff (MAA, O, VTR, WELL, INVH, UDR, CPT all red too) after Barclays trimmed its target from $215 to $208 — a sector move, not SPG-specific.
TDYTeledyne TechnologiesMachinery· 2.9x normal$604.15-2.9%No negative company news (its own headlines are positive AI-defense-sensor wins) — swept down with the broader machinery/industrial complex (CAT, DE, PH, HWM, CMI) same as SNA.
SemiAnalysis flags AI data-center financing/capex concerns, IREN and peers sell off Directly explains today's 6%+ drop in held name IREN and the broader power/nuclear/crypto-mining basket, including held CCJ SemiAnalysis via Yahoo Finance
DOE commits up to $4.2B conditionally for nuclear uprates at three Ohio/PA plants The direct driver of held VST's +3.88% move today, reinforcing the baseload-for-AI-power thesis TradingKey
Cameco gives back part of its recent Westinghouse-driven rally No fresh negative catalyst on held CCJ today; it's profit-taking after two big up days (+7.95% Oct 6), with earnings now set for Oct 30 MarketBeat
Congressequities only, bonds dropped
No committee-correlated equity trade in the window.
What's comingfrom economic-calendar.md
NFLX Q3 earnings
Held 6 sh. Wells Fargo Underweight $57 (9/18) and HSBC Hold $76 (9/22) both cite engagement, so engagement is the number
Tue Oct 20 AMC in 12 days
October FOMC decision, no SEP
Whole book
Tue Oct 27 to 10-28 (Tue-Wed) 2pm ET in 19 days
US midterm elections
Whole book. VIX Nov-18 future already prices this at 20.03 vs 14.89 spot
Tue Nov 3 in 26 days
TTWO fiscal Q2 earnings
Held 4 sh, GTA VI event hold. Last scheduled shot at a pre-order number before the 11/19 launch