Fear Rises, Tech Slides Hard: What This Week's Calendar Could Flip
Keep Adding, Hedged. Momentum is weak and stocks are not cheap, so this is a moment to own quality positions while keeping a safety net in place.
November 2, 2026 at 9:03 AM EST
Justification
Momentum is weak and stocks are not cheap, so this is a moment to own quality positions while keeping a safety net in place. RSI, a momentum gauge, sits at 40.2 — close to oversold territory but not yet a clear bounce signal. Stock valuations are higher than roughly 74 out of every 100 months since 2006, leaving little cushion if earnings disappoint.
Since the Last Issue
- Fear & Greed Index edged up from 26 to 27 since the prior issue — still deep in fear territory but no longer at its recent floor.
- VIX fell from 19.4 to 18.9 since the prior issue, keeping options relatively affordable for hedgers.
📡 Today's Opportunity Radar: XBI · KRE · IWM. Full ideas in the Opportunity Radar section below.
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