2026-10-21 · Tech Bounces, Two Top-Tier Names
Technology led a rebound in the names that sold off last week. Broadcom and Vertiv reached the top tier, but both remain in downtrends and Vertiv reports within a week.
The Signal
The Nasdaq gained about one percent and the broad market finished solidly higher, led by the chip and AI infrastructure names that sold off last week. Buying flows still outnumber selling flows, but price structure remains cautious. Bullish turns bunch up in financials and industrials, bearish turns in health care and energy.
The Noise
No same-day wrap explained the move, so no cause is named. A rebound strongest…
The skinny
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