Cross-check
MIXED — differs: Consensus (3 independent gauges; all aligned = strong signal) · 逃生門 headline:
SRF/repo 0.0bn (0)
HY OAS MISSING
NDX >20/50/200d ✗✗✓ · 3m +4.8% · 6m +10.7%
%>50d 56% · NH−NL +23
Liquidity: stress points (SOFR−IORB >0:1, >5bp:2; SRF/repo >0:1, >$10bn:2; HY +50/+75bp vs 60d low:1/2, HY >500bp:+1); 0–1 green, 2–3 yellow, 4+ red. Momentum: share of bullish checks ≥75% green, ≥45% yellow. Consensus: avg stance ≥+0.5 green, ≤−0.5 red.
逃生門 Exit-door risk score
Normal — full exposure per system. Price inputs as of 2026-10-21
| # | Warning | Type | Pts | Detail |
|---|---|---|---|---|
| W1 | Funding stress | slow | 0/1 | SOFR−IORB last3 -2, -3, -2bp; repo 0.0bn |
| W1b | SOFR > IORB ≥3 consecutive days (user rule) | slow | 0/1 | current run above 0: 0 day(s) |
| W2 | Credit spreads MISSING | slow | 0/2 | MISSING |
| W3 | Breadth divergence | fast | 0/1 | SPX -0.8% vs 52wH; %>50d 56%; A/D line > 50d |
| W4 | New lows rising | fast | 0/1 | NH/NL last3: 11/3, 25/1, 26/3 |
| W5 | Leaders breaking | fast | 0/1 | top-20 below 50d 10%; strong-idx 18.4% vs 20d high 18.4% |
| W6 | Fed hawkish MISSING | slow | 0/1 | MISSING |
| W7a | SPX < 50d | fast | 0/1 | SPX 7,757 vs 50d 7,705 |
| W7b | SPX < 200d & 200d falling | slow | 0/1 | 200d 7,284, 1m slope +1.22% |
| W8 | Volatility regime | fast | 0/1 | VIX 16.7 / VIX3M 18.7 |
Draft weights from spec §10, not yet validated. W6 partial (no free FedWatch).
Liquidity & rates
SOFR − IORB spread, 12 months (bp)
Today: -2 bp · 5-day avg -2.0 bp · days >0 in 12m: 91 as of 2026-10-20
FRED SOFR − IORB, daily. Red shading + red dots = spread > 0 (SOFR above IORB, funding tight). Dashed grey = month-ends; orange = quarter-ends (QE).
Sentiment — Fear & Greed
CNN Fear & Greed
prev close 27 · 1w 27 · 1m 34
US breadth — S&P 500
as of 2026-10-21 universe 503 current constituents (Wikipedia) — survivorship caveatNew highs, cap ≥ $2B (26), sorted by RS: MRNA, VEEV, CRL, ZBRA, CNC, HAS, APA, FDS, A, ADP, MTD, WAT, CAH, COP, V, TMO, WST, ELV, CVX, MA, MET, TRV, CTAS, HLT, CDW, BRK-B
NH/NL = intraday high/low at 252d extreme. Cap from Nasdaq screener; 0 new-high names lacked cap data and are excluded from named list.
強勢股指數 Strong-stock index
as of 2026-10-21Top 20
| # | Ticker | Sector | Cap | RS pct | RS1m | RS3m | RS6m | vs 52wH | >50d |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MRNA Moderna | Health Care | $97B | 99 | +35% | +312% | +307% | -3.4% | ✓ |
| 2 | VEEV Veeva Systems | Health Care | $52B | 99 | +23% | +70% | +80% | -0.8% | ✓ |
| 3 | MPC Marathon Petroleum | Energy | $133B | 99 | +20% | +44% | +95% | -5.3% | ✓ |
| 4 | P Everpure | Information Technology | $42B | 98 | +18% | +66% | +74% | -16.9% | ✓ |
| 5 | ILMN Illumina, Inc. | Health Care | $40B | 98 | +14% | +37% | +99% | -8.6% | ✓ |
| 6 | CRL Charles River Laboratories | Health Care | $15B | 98 | +21% | +44% | +72% | -1.2% | ✓ |
| 7 | PTC PTC Inc. | Information Technology | $21B | 98 | +39% | +64% | +27% | -6.0% | ✓ |
| 8 | VLO Valero Energy | Energy | $125B | 98 | +16% | +37% | +73% | -5.4% | ✓ |
| 9 | ACN Accenture | Information Technology | $160B | 97 | +32% | +67% | +19% | -15.1% | ✓ |
| 10 | NTAP NetApp | Information Technology | $41B | 97 | +13% | +26% | +81% | -9.8% | ✓ |
| 11 | PSX Phillips 66 | Energy | $116B | 97 | +13% | +35% | +68% | -3.1% | ✓ |
| 12 | IT Gartner | Information Technology | $14B | 97 | +23% | +57% | +29% | -15.9% | ✓ |
| 13 | ZBRA Zebra Technologies | Information Technology | $18B | 97 | +8% | +45% | +56% | -0.5% | ✓ |
| 14 | NOW ServiceNow | Information Technology | $155B | 96 | +12% | +59% | +37% | -20.6% | ✓ |
| 15 | DDOG Datadog | Information Technology | $92B | 96 | +10% | +7% | +90% | -9.2% | ✓ |
| 16 | WDAY Workday, Inc. | Information Technology | $49B | 96 | +8% | +52% | +48% | -18.0% | ✓ |
| 17 | CRWD CrowdStrike | Information Technology | $233B | 96 | -4% | +25% | +89% | -16.6% | ✓ |
| 18 | HUM Humana | Health Care | $51B | 96 | +14% | +3% | +80% | -6.8% | ✓ |
| 19 | DELL Dell Technologies | Information Technology | $293B | 95 | -11% | +6% | +109% | -18.3% | ✗ |
| 20 | HPE Hewlett Packard Enterprise | Information Technology | $74B | 95 | -5% | +17% | +89% | -20.9% | ✗ |
Sectors
| Sector | N | Avg RS pct | Δ1w | % strong | Δ1w pp | % >50d |
|---|---|---|---|---|---|---|
| Health Care | 60.0 | 71 | +0.9 | 43% | +0 | 78% |
| Energy | 21.0 | 67 | +0.3 | 38% | +5 | 81% |
| Information Technology | 75.0 | 58 | -10.6 | 32% | -3 | 56% |
| Consumer Staples | 33.0 | 58 | +1.8 | 15% | +3 | 73% |
| Financials | 76.0 | 50 | +7.7 | 11% | +5 | 45% |
| Materials | 24.0 | 46 | +2.6 | 8% | +0 | 67% |
| Consumer Discretionary | 47.0 | 43 | +4.3 | 21% | +13 | 49% |
| Industrials | 81.0 | 41 | -2.5 | 9% | +0 | 49% |
| Utilities | 31.0 | 36 | -2.0 | 0% | +0 | 68% |
| Communication Services | 22.0 | 36 | +2.4 | 5% | +0 | 36% |
| Real Estate | 30.0 | 33 | +1.1 | 3% | +3 | 20% |
HK corner
HSI constituents (85): 31% > 50d · 38% > 200d · A/D 23/59 as of 2026-10-21
Constituent list from Wikipedia (may lag HSI reviews).
Overnight China ADRs
| ADR | Close $ | 1d | HK-implied HKD | vs HK close | As of |
|---|---|---|---|---|---|
| BABA | 104.41 | -3.9% | 102.41 | -1.2% | 2026-10-21 |
| JD | 25.79 | -3.6% | 101.18 | -1.5% | 2026-10-21 |
| BIDU | 78.82 | -2.1% | 77.31 | -0.5% | 2026-10-21 |
| NTES | 122.98 | -1.7% | 192.99 | -0.8% | 2026-10-21 |
| TCOM | 39.31 | -2.5% | 308.44 | -1.4% | 2026-10-21 |
| BILI | 13.60 | -2.3% | 106.71 | -0.8% | 2026-10-21 |
| NIO | 3.36 | -2.0% | 26.36 | +0.4% | 2026-10-21 |
| LI | 11.50 | -3.6% | 45.12 | -1.5% | 2026-10-21 |
| XPEV | 9.36 | -5.5% | 36.72 | -0.7% | 2026-10-21 |
| PDD | 78.72 | -3.6% | — | — | 2026-10-21 |
| KWEB | 23.74 | -2.5% | — | — | 2026-10-21 |
| FXI | 32.94 | -1.7% | — | — | 2026-10-21 |
Implied = ADR × USDHKD ÷ ADR ratio (BABA 8, JD 2, BIDU 8, NTES 5, TCOM/BILI/NIO 1, LI/XPEV 2 — ratios hard-coded, verify). HK close is prior HK session.
Southbound flows: NOT BUILT in v1 — no verified free source yet (HKEX/Eastmoney untested)
黃金／比特幣強弱 Gold / Bitcoin strength
Gold vs BTC, 1 month: -7.6% (BTC stronger)
Strength only — not a trade signal. Score = 1 point each for: price > 50d avg, price > 200d avg, 200d avg rising (vs 20 bars ago), 1m change > 0, 3m change > 0. 4–5 = STRONG, 2–3 = NEUTRAL, 0–1 = WEAK. Changes are calendar 7/30/91 days; averages are 50/200 daily bars (BTC trades 7 days a week). Yahoo Finance via yfinance; sparkline 250 bars with dashed 200d avg.
Rotation — QQQ / GLD / BTC / cash
Leader: BTC-USD
| Rk | 1m | 3m | 6m | Vol20 | Score | >200d | As of | |
|---|---|---|---|---|---|---|---|---|
| 1 | BTC-USD | -0.8% | +28.2% | +26.4% | 22% | 0.83 | ✓ | 2026-10-20 |
| 2 | BIL | +0.3% | +0.9% | +1.8% | 0% | 0.51 | ✓ | 2026-10-21 |
| 3 | QQQ | -3.0% | +4.9% | +10.9% | 16% | 0.27 | ✓ | 2026-10-21 |
| 4 | GLD | -5.3% | +2.0% | -12.9% | 20% | -0.27 | ✗ | 2026-10-21 |
Score = mean(1/3/6m ret) ÷ 20d ann. vol. Leader must be > 200d and beat BIL 6m (dual momentum), else CASH. BTC as of its last daily bar (UTC).
Calendar
| Date (US) | In | Event | Source |
|---|---|---|---|
| 2026-10-28 | 6d | FOMC decision | October 27-28 (federalreserve.gov); statement 14:00 ET |
| 2026-11-11 | 20d | CPI | Core CPI (Nasdaq econ calendar) |
| 2026-12-09 | 48d | FOMC decision | December 8-9* (federalreserve.gov); statement 14:00 ET |
| — | d | NFP | MISSING — not found in Nasdaq econ calendar next 45d (BLS site blocks bots) |
Key earnings, next 2 weeks (≥$200B cap, mega-caps, or RS top-20)
| Date (US) | Sym | Name | When | Cap | EPS est |
|---|---|---|---|---|---|
| 2026-10-22 | PG | Procter & Gamble Company (The) | BMO | $370B | $1.89 |
| 2026-10-22 | VLO | Valero Energy Corporation | BMO | $125B | $21.28 |
| 2026-10-23 | AXP | American Express Company | BMO | $215B | $4.47 |
| 2026-10-27 | HSBC | HSBC Holdings plc | n/a | $319B | $2.13 |
| 2026-10-27 | KO | Coca-Cola Company (The) | BMO | $402B | $0.87 |
| 2026-10-27 | NVS | Novartis AG | BMO | $293B | $2.25 |
| 2026-10-27 | V | Visa Inc. | AMC | $726B | $3.43 |
| 2026-10-28 | GEV | GE Vernova Inc. | BMO | $237B | $4.03 |
| 2026-10-28 | GOOG | Alphabet Inc. | AMC | $4162B | $2.94 |
| 2026-10-28 | GOOGL | Alphabet Inc. | AMC | $4162B | $2.94 |
| 2026-10-28 | KLAC | KLA Corporation | AMC | $211B | $1.18 |
| 2026-10-28 | MSFT | Microsoft Corporation | AMC | $3949B | $4.71 |
| 2026-10-28 | NOW | ServiceNow, Inc. | AMC | $155B | $0.56 |
| 2026-10-28 | PSX | Phillips 66 | BMO | $116B | $12.02 |
| 2026-10-29 | AMZN | Amazon.com, Inc. | AMC | $2833B | $2.02 |
| 2026-10-29 | CAT | Caterpillar, Inc. | BMO | $333B | $7.12 |
| 2026-10-29 | ILMN | Illumina, Inc. | AMC | $40B | $1.38 |
| 2026-10-29 | INTC | Intel Corporation | AMC | $485B | $0.28 |
| 2026-10-29 | LIN | Linde plc | BMO | $231B | $4.52 |
| 2026-10-29 | LLY | Eli Lilly and Company | BMO | $1208B | $5.38 |
| 2026-10-29 | MA | Mastercard Incorporated | BMO | $543B | $5.14 |
| 2026-10-29 | MRK | Merck & Company, Inc. | BMO | $366B | $2.12 |
| 2026-10-29 | SHEL | Shell PLC | BMO | $290B | $3.25 |
| 2026-10-30 | ABBV | AbbVie Inc. | BMO | $511B | $3.76 |
| 2026-10-30 | AZN | AstraZeneca PLC | BMO | $256B | $2.16 |
| 2026-10-30 | CVX | Chevron Corporation | BMO | $446B | $4.78 |
| 2026-10-30 | XOM | ExxonMobil Holdings Corporatio | BMO | $731B | $3.93 |
| 2026-11-02 | AAPL | Apple Inc. | AMC | $4955B | $2 |
| 2026-11-02 | PLTR | Palantir Technologies Inc. | AMC | $463B | $0.34 |
| 2026-11-03 | AMD | Advanced Micro Devices, Inc. | AMC | $873B | $1.68 |
| 2026-11-03 | AMGN | Amgen Inc. | AMC | $237B | $5.72 |
| 2026-11-03 | ANET | Arista Networks, Inc. | AMC | $229B | $0.99 |
| 2026-11-03 | IT | Gartner, Inc. | BMO | $14B | $2.86 |
| 2026-11-03 | MPC | Marathon Petroleum Corporation | BMO | $133B | $25.63 |
| 2026-11-03 | SHOP | Shopify Inc. | BMO | $224B | $0.33 |
| 2026-11-03 | ZBRA | Zebra Technologies Corporation | BMO | $18B | $4.21 |
| 2026-11-04 | ARM | Arm Holdings plc | AMC | $235B | $0.22 |
| 2026-11-04 | CRL | Charles River Laboratories Int | BMO | $15B | $2.98 |
| 2026-11-04 | DDOG | Datadog, Inc. | BMO | $92B | $0.18 |
| 2026-11-04 | PTC | PTC Inc. | AMC | $21B | $1.59 |
| 2026-11-04 | TM | Toyota Motor Corp Ltd Ord | n/a | $256B |
Source: Nasdaq earnings calendar (unofficial API), pulled 2026-10-22 07:56 HKT. BMO/AMC are US Eastern sessions; AMC lands ~04:00–05:00 HKT next day. Rows within 48h highlighted.
Trader consensus
Stances filled: 10/11 (quorum ≥5) · avg -0.50 on −2..+2 · Headline band (逃生門)
🟢 GREEN LIGHT: not triggered ⚠ CROWDED: not triggered
| Trader | Stance | As of | Source |
|---|---|---|---|
| J Law | cautious | 2026-10-20 | Exited TQQQ, trimmed SOXL, raised cash; broad risk-off in AI hardware/semis; 'best trading window of the year is behind us'. |
| ★ Ah Ju 阿豬 | cautious | 2026-10-19 | AI credit domino risk (cloud/compute bonds, circular financing); US yields at 20-yr high as crash precursor; SPCX sell-into-strength, Nov lockup; BTC/ETH at key level (neutral). |
| Ringo 短炒波士 | neutral | 2026-10-20 | HSI range 24,000 support / 25,000 resistance; took profit pre-CPI; would long near 24,000; US dip-buy watch; HSI broke 24,000 on 10-20. |
| 小金人 Oscar (金人金語) | cautious | 2026-10-04 | Global sovereign yield surge is the 3-6m main theme; most assets overpriced; AI still OK; HK/banks weak. |
| ★ Sky Sir 張士佳 (Sky財經天地) | neutral | 2026-10-20 | US neutral: trimmed at NQ high, ~9% index position left, didn't call exit; sees CDS-driven shakeout before further rise, waits for buy-back signal. HK cautious/short bias (targets 22,xxx). |
| Uncle Stock Notes 大叔美股筆記 | bullish | 2026-10-21 | AI demand intact: memory tight to 2028, optical sold out; prefers MRVL/AVGO/LITE, NBIS; not afraid of SOXL at 100. |
| ★ 陳刀仔 DataLouder 數說財經 | cautious | 2026-10-21 | US risk signal triggered 10-13 and 10-19; fund flows poor for a month. Medium-term constructive: midterm backtest says pre-election low then ~+15% median 12m. |
| Eric 投機先要溫功課 | cautious | 2026-10-12 | HK cautious: downtrend structure intact, banks breaking down with no matching bad news; next support ~22,500. US neutral/OK: SPX breakout after 4 tests; avoid AI upstream, likes cybersecurity. High rates not a proven crash 'kill line'. |
| Bubble Dragon | cautious | 2026-10-21 | Cut ~HK$10M of ~14M positions, can't find buys; AI concerns unresolved; HK very hard; only short-term trades; keeps dividend stocks. |
| Calvin Tsai | no recent content found | 2026-10-05 | Latest X post is non-market (health). No current crypto view. |
| James & Dennis (Aireturn) | neutral | 2026-10-21 | 經濟前James 10-21: not a 2007-Oct style top/bear start — AI underlying demand (GPU/HBM/compute) still rising, no A1 'debt bomb' coverage, SOFR−IORB still negative, credit spreads not spiking; expects choppy grind higher, limited rebound momentum (few shorts), real-yield-driven revaluation. TSLA/SpaceX merger = strong catalyst. Watch CoreWeave/Oracle bond yields (9%→15-16%), HY spreads. |
Core-three override status: not triggered.
規則 rules
GREEN LIGHT condition: if more than half of filled stances are bullish/very bullish, AND risk score ≤2, AND SPX > 50d, AND ≥50% of S&P 500 > 50d → may press harder, still within the band's risk limits (cf. Apr 2026).
CROWDED condition: if ≥80% of filled stances are very bullish, AND SPX ≥5% above 50d (now +0.7%), AND breadth is fading (%>50d down >5pp in 10d or A/D line below its 50d; now no) → don't chase, tighten stops.
Core-three override condition: if ★ Ah Ju + Sky Sir + 陳刀仔 are all cautious or very cautious → STRONG WARNING (≥ Yellow).
Overall stance: average of filled stances on −2..+2 (very cautious −2 … very bullish +2): ≥+1.5 very bullish, ≥+0.5 bullish, >−0.5 neutral, >−1.5 cautious, else very cautious. Quorum needed for GREEN LIGHT / CROWDED.