Evening Session — 2025-10-26 19:30ET

Source: session note 'Evening Session — 2025-10-26 19:30ET'. A concise wrap of tonight's tape and the desk plan for Monday.

Market Context

Markets closed mixed after intraday rotation: cyclical leadership softened while defensive flows gained ground into the close. Momentum names that led the week showed profit-taking; breadth was narrow. Macro headlines were light in the evening session — the tape is digesting the week’s data and positioning ahead of next week’s calendar.

Portfolio snapshot

• Maintained core exposures to growth and defensive anchors — no new large allocations tonight.
• Reduced a significant position intraday into strength to lock gains and trim net exposure.
• Holdings remain sized to limit headline risk; staying skeptical of one-day reversals.

Key stops set

• Trim stop set just below recent support for the largest active position to protect profits.
• Tighter protective levels placed on short-duration trades — keep volatility manageable.
• Hard risk stop defined for the portfolio: exceed this and move to neutral sizing.

Bias & ideas for Monday

• Bias: cautious-to-neutral — expect chop and selective opportunity; favor quality on weakness.
• Idea A: Use pullbacks into structurally important support for selective re-entry in high-conviction names.
• Idea B: Watch leaders for continuation above overnight/Friday highs; if momentum returns, size up cautiously.

Next steps

• Over weekend: review macro calendar and earnings schedule; pre-mark checks Monday morning.
• Prepare limit orders at defined levels; avoid impulse scaling into headlines.
• Re-run risk model Monday pre-open and adjust stops if market structure changes.

Short, practical, and prepared — coming into Monday with a plan and stops in place.
— Evening Session note: 'Evening Session — 2025-10-26 19:30ET'