JPMorgan, Wells Fargo, Citi, Goldman and UnitedHealth all report before the bell. Schwab reports Thursday and is the short: wound as tight as the terminal measures, and two cents of bounce from its sell window before the open. BlackRock is still the long and still needs a dip, a day before its own report. Arm fell back onto the price large money paid. Schwab’s window edge at $97.32 is the number.
| Sell | Schwab short, half size, on a bounce to $97.32 or higher. Coiled 100%. Reports Thursday. |
| Buy | BlackRock long, full size, only on a dip back into its window. The only green light. Reports Wednesday before the open. |
| Buy | Arm long, half size. A quarter off its September high, and the pre-market print sits on its cost line. |
| Hold | XLF long from Monday. It ran past its window, so no adds. |
| Skip | Costco. The short is closed, and the flip to long sits on a line crossed 14 times. |
JPMorgan, Wells Fargo, Citigroup and Goldman Sachs report third-quarter results before today’s bell, with UnitedHealth and Johnson & Johnson alongside. Bank of America, Morgan Stanley and BlackRock follow on Wednesday morning, the same morning September CPI lands. Wells Fargo and UnitedHealth are both on this morning’s scan, and both go into their numbers on red lights.
Distribution for a third straight session: stocks on, bonds and risk appetite off, transition stable. Strength reads +4 of 10.5 on the stock charts and +3 on the indices, the reverse of Monday. Single stocks read bonds and stocks moving together at 0.51, over the 0.35 line where the terminal treats them as one trade. The index charts read 0.07. Longs carry a 1-point headwind.
| Name | Reports | What the four-hour chart says |
|---|---|---|
| Wells Fargo | Today, before the open | Bearish at the close, over its line before the bell. Confirmation up to 5 on two frames from 3. Red, holding, +.02R over 111. |
| UnitedHealth | Today, before the open | Bearish at the close, over its line before the bell. Confirmation 4 on three frames. Red, improving, −.03R over 61. |
| XLF | Holdings today and Wed | Bullish, past its window. Amber, fading, +.08R over 95. Monday’s long is held. |
| BlackRock | Wed, before the open | Bullish, coiled 90%, nine readings agreeing on two frames. Green. Board row two. |
| Schwab | Thursday | Bearish, coiled 100%. Amber, improving. Board row one. |
| Index | The line | What it means this morning |
|---|---|---|
| S&P 500 CFD 7,806.30 | Inside | 1.64% over its 7,680.3 cost line, back inside its 2% window from the top edge, and coiled 86% from 75%. Red, improving, −.12R over 26. |
| Nasdaq 100 CFD 30,480.9 | Extended | 2.57% over its 29,717 cost line, down from 4.03% and still past the window. Red and fading, +.01R over 115. |
| Dow CFD 51,997 | Inside, short side | 0.61% under its 52,316 cost line, from 1.13% on Monday. Red and fading, −.09R over 47. A close over the line flips it. |
| Russell 2000 CFD 2,804.8 | Lost it | 3.17% under its 2,896.6 line, past the window, sellers on 32% of volume. Red, holding, −.02R over 37. |
Still improving. The index panel reads Confirming, +3 of 8, the stock panel Neutral, +2. 37% of stocks sit above their 50-day average, from 34.9% on Monday, and 49.5% above their 200-day, from 47.7%. Our own breadth engine, run at 04:09 CEST on its watchlist, reads 47 advancers for a net +20, advance/decline 1.74 and McClellan +30.0 from +26.4, with the summation index still at −343. The stock panel still flags a divergence.
Ten stocks on this scan carry a pre-market print. Three crossed their cost line before the bell: Wells Fargo and UnitedHealth upward on their earnings morning, and Editas back over its line, which turns its short into a wait. Arm dropped straight onto its line. Same side of the line as Monday’s close: trade as written. Other side: wait for the first four-hour close after 15:30 CEST. Every pre-market price against its cost line is in the members’ half.
| # | Ticker | Dir | Entry | Why it is on this list | Size |
|---|---|---|---|---|---|
| 1 | SCHW | Short | 🔒 Members | Broke down from $107 in September, bounced, and is now wound as tight as the terminal reads. The bounce has carried it to the edge of the sell windowConf 3 / 1 frame · coiled 100% · +.03R over 96 signals, range −.06 to +.13 · amber, improving, 4.1-point cushion | Half |
| 2 | BLK | Long | 🔒 Members | Coiled at the top of a four-week box with nine readings agreeing. The only green light on the scan, but it closed past its window againConf 9 / 2 frames · coiled 90% · +.10R over 70 signals, range +.01 to +.19 · green, fading, 14.9-point cushion | Full |
| 3 | ARM | Long | 🔒 Members | Fell from $335 onto the price large money paid over the whole swing. The pre-market print sits right on itConf 2 / 2 frames · expanded 33% · 8 of 20 signals, no rate yet · no light, sized at half | Half |
| 4 | EDIT | Short | 🔒 Members | A fresh tier 2 sell with five readings agreeing on three frames. It crossed back over its line before the bell, so it waits for the closeConf 5 / 3 frames · expanded 41% · 18 of 20 signals, no rate yet · no light, sized at half | Half |
Schwab closed Monday at $97.07 and printed $97.30 before the bell. The cost line sits at $99.30. At $97.32 or higher the short qualifies at half size. Below it, you are selling a drop that has already happened.
You can check this against the tape yourself, which is why it sits on the free side of the gate. The exit and the targets do not.
Enter your Cantillon Research subscriber email to unlock the complete October 13, 2026 brief: the Schwab sell band and exit, the BlackRock and Arm entries, Monday’s positions marked, the pre-market price against the cost line for every stock, and all 14 four-hour captures.
Every Friday the complete brief ships open, with all levels, every execution block and all terminal captures, and no gate anywhere on the page.
Cost line (the anchor) · the volume-weighted price large money actually paid over the current swing. Everything in this brief is measured as distance from it. Buy near it and you are paying what they paid. Buy far above it and you are paying their profit. Entry window · how far from the cost line a new entry can still be sensibly priced. Inside it, the entry is fairly priced. Past it, the move has already run and you wait for a pullback. Compression · how tightly the range has wound, from 0 to 100%. High means the next move should be a big one. It says nothing about direction, and it never overrides a shut window. Confirmation · how many independent readings agree, and across how many timeframes. Higher on both counts is better. Record · the average result per signal in units of risk, where being stopped out is exactly −1.00. Always published with the number of finished signals behind it, and measured over the same history the settings were chosen on. Below 20 finished signals no rate is published. A short record is not a verdict on the chart, only on what can be measured yet. Trend light · green means full size, amber means half, red means no new entry however good the chart looks. A chart with no light yet, because its record is still being built, is sized at half. The cushion is how close the light is to changing.
Readings captured Tuesday 13 October 2026 between 07:35 and 07:42 CEST from the IVT v14.4 terminal, on four-hour bars. Prices marked pre-market are extended-hours prints. US exchanges open at 15:30 CEST. Cost lines and window edges are derived from the terminal’s published percentage distances. Index levels are CFD feeds and differ from the cash index and your futures contract. Support and resistance levels are read off the chart and are approximate.
Records are in-sample and forecast nothing. No rate is published on fewer than twenty finished signals, and the sample size is printed beside every one. Wells Fargo and UnitedHealth report this morning, BlackRock Wednesday and Schwab Thursday. Check Arm’s and Editas’s report dates before holding through one.
Charts are unmodified terminal captures provided for reference, not as entry instructions. Educational content only. Not financial advice. Past results do not predict future ones.