Midday Wave #139: Tesla Leads Rally Amid Market Caution – Tuesday 10/27/2026
Midday tape is green with QQQ up 1.24% and SPY up 0.74% as 40SMA breadth surged to 50.88%. Momentum shows in RPD and TSLA continuation, while defense SIP names CACI and ESLT ride contract catalysts. Bias stays cautiously constructive with QQQ still under its SMA50.
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