Next Day Prep #335: Record High, Still Bearish: The Breadth Breakthrough – Monday 10/5/2026

Episode summary

Despite the Nasdaq closing at a record high, the market’s regime remains technically Bearish — though today’s breadth surge signals the first real crack in that wall. We break down the scans driving it, the PTC/CHRW M&A divergence, and exact levels to watch on NU, SHOP, and TSM heading into tomorrow’s three-year Treasury auction.