Strategy Dashboard

Wednesday, October 28, 2026 — post-close edition · Every section as of the Wed Oct 28 market close

Market Snapshot — Wed Oct 28 closes

S&P 500
7,743.98
+21.38 · +0.28%
Nasdaq
26,549.85
+72.04 · +0.27%
Dow
52,475.10
+97.53 · +0.19%
Russell 2000
2,830.51
+11.64 · +0.41%
10-Yr Yield
5.05%
+5 bp on the day
Brent
~$115
Refinery-strike reports
WTI
~$102
EIA draw −1.9M bbl
Gold
~$4,068
+0.10%

Fed: held rates at 3.75%–4.00% in a 10–2 vote — Cook and Hammack dissented for a hike. Statement: inflation "remains elevated," no forward guidance. Futures now price ~85% odds of a December hike. Third straight up day for the S&P, Nasdaq and Dow; chips carried the session after SK hynix's record print (KOSPI +6.63%).

Tonight's Earnings

Microsoft — beat
MSFT · +~4% after hours
Revenue $92.3B vs $90.7B expected · Adj. EPS $4.89 vs $4.73 · Azure +48% (guide was ~45%) · capex $39.4B cash — less than feared · FCF +$18.6B.
Alphabet — miss
GOOGL · −7% to −10% after hours
Revenue $127.6B, just under the ~$127.9B bar · EPS missed, hit by an $8.7B loss on equity securities · Search and YouTube ads missed · Cloud +103% to $30.7B wasn't enough · FCF −$9.1B.
ServiceNow — plunge
NOW · ~$127 after hours
Down hard from the $150.13 close after its print — the guide disappointed. Full actuals vs the bar in tomorrow's 6:15 AM check.

Today's Signals — Wed Oct 28

Reversal (263 names today — first 20 by rank)

NVDATSMSPCXSKHYMUBACHSBCGSANETMRVLCSNDKVZSANTMUSSTXSCHWIBKRBBVABA

New Uptrend (44 names today — top 12 by market cap)

SymbolNamePriceMarket Cap
CSCOCisco Systems, Inc.$110.03$433.78B
GSThe Goldman Sachs Group, Inc.$918.78$267.52B
CDNSCadence Design Systems, Inc.$343.88$94.7B
MRNAModerna, Inc.$215.99$86.23B
TEVATeva Pharmaceutical Industries Limited$40.37$47.04B
PEverpure, Inc.$139.10$46.35B
FERFerrovial SE$53.98$38.92B
SOFISoFi Technologies, Inc.$16.80$21.69B
EXEExpand Energy Corporation$92.99$21.53B
LECOLincoln Electric Holdings, Inc.$281.72$15.36B
TXG10x Genomics, Inc.$87.20$11.36B
ACMAecom$62.14$8.0B

Week Ahead

Thu Oct 29: Q3 GDP + PCE at 5:30 AM PT (consensus GDP +3.2%, core PCE ~+3.1% YoY) · AMZN earnings after the close (bar: EPS ~$1.96–2.01, revenue ~$202B).
Mon Nov 2: TEM earnings before open (no position — puts closed Oct 28) · AXON put exit deadline.
Tue Nov 3: AXON + KTOS earnings after close — KTOS exit is planned before this.
Wed Nov 4: ARM earnings after close — Dec18 240 put decision day.

Sector Performance — Wed Oct 28 close

ETFSectorWed Oct 28YTD
XLKTechnology+0.80%+27.70%
XLFFinancials+0.45%-0.51%
XLEEnergy+0.35%+49.74%
XLIIndustrials+0.34%—
XLVHealth Care+0.30%+12.73%
XLBMaterials+0.15%—
XLYConsumer Discretionary-0.10%—
XLPConsumer Staples-0.36%—
XLCCommunication Services-0.42%-15.20%
XLREReal Estate-0.73%—
XLUUtilities-0.84%-2.55%

Day moves: sector SPDR closes, Wed Oct 28 (EOD brief; XLK/XLF/XLE cross-checked on exchange data). YTD through Oct 28 where tracked (TotalRealReturns). Tech led the day and energy still leads the year by a wide margin; the defensive end — utilities and real estate — lagged as the 10-year pushed to 5.05% after the Fed hold.

International vs US — Wed Oct 28 closes

IndexMarketCloseWed Oct 28
KOSPISouth Korea · SK hynix +10.9% on its record print6,012.44+6.63%
TAIEXTaiwan · chip-led~47,060~+2%
Nikkei 225Japan · semi equipment advanced63,954.19+1.08%
Shanghai CompositeChina3,681.47+0.91%
Hang SengHong Kong · tech offset banks/property23,094.83+0.23%
ASX 200Australia · Sep CPI 4.3% kept RBA hike case alive8,847.30-0.03%
SensexIndia · IT fell ~2% as crude rose73,246.03-0.48%
DAXGermany25,697.45+0.42%
FTSE 100United Kingdom10,694.50+0.07%
CAC 40France7,886.960.00%
STOXX 600Europe · bank beats, flat into the Fed—~flat
TSX CompositeCanada36,265.09+0.26%
S&P 500United States7,743.98+0.28%

Asia and Europe: Wed Oct 28 local closes (Market Briefer Global Close; Armstrong Economics market talk). The day belonged to Asia's chip complex — the KOSPI's +6.63% was its most dramatic session of the year — while Europe hugged the flatline ahead of the Fed decision and Thursday's ECB meeting.

World Update — Wed Oct 28

Asia's AI session. SK hynix's record quarter — operating profit up nearly sevenfold, a ~100 trillion won shareholder-return plan for 2026 — sent the stock +10.9% in Seoul and the KOSPI +6.63% through 6,000. Samsung Electronics rose ~9% ahead of its Thursday report and Kioxia ~9.6% ahead of Friday's, pulling the Nikkei and TAIEX up with them.

Europe waited. Bank earnings beat across the region but the STOXX 600 stayed near flat with the Fed decision hours away; the ECB follows on Thursday and the Bank of Japan on Friday.

Oil stayed heavy. Brent held near $115 and WTI near $102 on refinery-strike reports and a 1.9M-barrel US inventory draw — the tax on importers showed up in India, where the Sensex fell 0.48% as IT dropped ~2%.

Trend Watch — as of Wed Oct 28 close

S&P 500 vs 50-day
Above
Close 7,743.98 vs 50-day avg 7,697.01 → +0.61% (averages as of Oct 27 close, Validea)
S&P 500 vs 200-day
Above
Close 7,743.98 vs 200-day avg 7,298.87 → +6.10%; the 200-day is uptrending
S&P 500 vs 20-day
At it
Entered Fed day sitting on its 20-day average; two straight closes back above the 50-day, still no new high
Nasdaq 100
On its 50-day
Peeked above the 50-day and closed right on it; well above its uptrending 200-day (StockCharts-based close note)
VIX
16.91
Wed close — down from 17.52 on Tuesday as the Fed hold landed as expected
Chips
Leading
Philadelphia Semi Index +3.6% Tuesday; Micron +5.9% Wednesday on the SK hynix read-through
Crude
Above trend
USO +2.32% Wed; price holding well above its rising 50-day and 200-day averages
Bonds (TLT)
Below 200-day
TLT -0.83% Wed as yields rose post-Fed; below its 200-day, above its 50-day

Trend reads as of the Wed Oct 28 close. The uptrend is intact — price above the 50- and 200-day averages with both rising — but momentum is capped under the highs until the S&P clears them, and the long end (10-year at 5.05%) is doing the tightening the Fed declined to do.

Dividend ETFs — Wed Oct 28 close

ETFFundAssetsCloseWedYTDYield
SCHDSchwab U.S. Dividend Equity~$118B$35.09-0.09%+27.93%3.00%
VIGVanguard Dividend Appreciation~$114B$245.96+0.45%+11.91%1.48%
VYMVanguard High Dividend Yield~$82B$163.37+0.31%+13.83%~2.3%
DGROiShares Core Dividend Growth~$45B$80.10+0.19%+15.38%~1.9%
CGDVCapital Group Dividend Value~$39B$49.44——1.22%

Closes and day moves: Wed Oct 28 (exchange data via Finnhub). Yields: latest published (FinanceCharts / TopDividendETFs, updated Oct 28) — indicative, they move with price. SCHD remains the standout: biggest fund in the group, the top YTD return at +27.9%, and the richest yield at 3.0%.

Sentiment — Wed Oct 28 close

CNN Fear & Greed
36 · Fear
Wed Oct 28 close · prev close 34 · 1 wk ago 30 · 1 mo ago 32
Retail social sentiment
25 · Extreme Fear
Reddit + X composite, Oct 28 — the crowd is more scared than the tape
AAII survey
37% bull / 46% bear
Latest weekly survey — bears still outnumber bulls
VIX
16.91
Wed close, down from 17.52 Tuesday

Sources: CNN Fear & Greed via FGScore/Adanos (Oct 28), AAII Sentiment Survey via World Monitor. Three straight up days and the index still reads Fear — sentiment is lagging price, which has been the contrarian-friendly setup all month. The gap between CNN (36) and retail social (25) is +11, inside the balanced band: neither side is stretched.

Unusual Options Volume — Wed Oct 28

TickerNameCalls boughtvs typicalRead
UNFUniFirst6,752+2,836%The day's biggest spike — 29x the typical 230 calls, a lottery-ticket-sized bet on a quiet name
MIRMirion Technologies13,224+576%Radiation-detection name; call buying ran ~7x its 1,955 average
DASHDoorDash12,500+71x open interestJan '27 $180 calls at ~$14 ahead of earnings — all-in strike $194, ~14% above the price (Barchart)
JOBYJoby Aviation—+638%Toyota's $250M investment lit up both the stock (~70M shares by midday) and its calls
WMBWilliams Companies151,361+997%Tuesday Oct 27's flow, reported Wed — positioning ahead of its Q3 print, dividend maintained

MarketBeat unusual-options alerts for Wed Oct 28, 2026 (WMB dated Tue Oct 27 as labeled). Call volume vs typical daily average. Unusual flow is a sentiment tell, not a signal on its own.

1. Fed holds at 3.75%–4.00% (10–2) — two officials wanted a hike; December now the live meeting.
2. Microsoft beats on Azure +48% and controlled capex — stock up ~4% after hours.
3. Alphabet misses for the first time in ~4 years — equity losses, soft Search/YouTube ads, negative FCF; down 7–10% after hours.
4. ServiceNow plunges ~15% after hours to ~$127 on a disappointing guide.
5. SK hynix's record quarter (HBM4, sold out through 2029) lit up chips on both sides of the Pacific — KOSPI +6.63%.