Below are highlights from the NDW Morning Update Video for the morning of 10/20.

Below are highlights from the NDW Morning Update Video for the morning of 10/20. Access the video on the NDW Morning Update Video page. 

• Monday’s trading (10/19) was relatively split between the names we typically look at. Towards the upside, risk on groups (NASD, SPX, EEM) rebounded after a somewhat rocky close to last week. On the other hand, the likes of gold (GC/) developed markets (EFA) and long-duration fixed income (TLT) struggled for the trading session.
• Overall chart movement was limited, seeing only TLT put in any movement on its default chart as it pushed one O lower. It remains a point of weakness among a poor fixed income group and should be avoided when possible.
• Last week brought a handful of interesting relative strength developments worth watching as we move into November. In terms of major movement: SPXEWI vs. SPX (equal weight vs. cap weight S&P 500) flipped back to favor SPXEWI in the short term as major leaders exhaled. Growth RPG moved lower against value RPV for the same reasons. Note that both SPX and RPG maintain their long-term strength.
• Tuesday morning’s earnings releases brought GE ~4% lower in premarket trading, and while it remains a 4/5 TA score name it recently broke a major trendline on its default chart. Keep a watchful eye over the name. MMM picked up roughly 2% off its report. It currently holds a 1/5 TA score and should be avoided for the time being. Netflix reports after close on 10/21. Having shed ~25% so far in 2026, it remains a low RS name heading into the call.
• In terms of notable names reporting on 10/21, monitor the likes of META, TSLA & LRCX, which all report after close. PM is a standpoint within a weak consumer staples sector. The 5/5’er remains in actionable territory for those of you looking for focused exposure to the group.