A Narrow Tech Bounce
Chips led a relief rally after Thursday's rout, but two of three stocks fell and the warnings cluster in defensive names.
The Signal
The Nasdaq rose about 1% and the S&P 500 edged up while the Dow slipped. Only about 35% of stocks gained. Technology was the only sector with a majority of gainers; staples, real estate, financials and discretionary lagged as a strong jobs report lifted yields and Fed speakers leaned hawkish. Nvidia, Tesla and AMD carried the rebound; Axon fell sharply after a miss and a sales-guidance cut.
The Noise
The story says the AI selloff is over. The data says this was a narrow bounce: most stocks kept falling, all three indexes still logged a losing week, and the scan found no fresh bullish setups. Bearish flags gathered in the places investors usually hide.
Multi-Signal Confluence
No buy signals today; all three names carry a warning (avoid or wait, not a short).
Equifax: Q3 revenue up about 10% with mortgage revenue up 15%, but full-year revenue guidance lowered on a weaker mortgage market. Price sits well above the model's fair value and volume stopped confirming the climb.
Kroger: rallied into its October 20 Investor Day and trades above fair value; the move lacks the buying that usually sustains it on a day staples were the worst sector.
Microsoft: near its high and far above its long-run average while other AI giants sit well off their peaks. Trend still points up, but volume turned bearish in the last session. A yellow light, not a verdict.