Today's 100-name PAPER screen found no complete rebound setup. BAC and AMAT had low RSI, but lacked completed-candle stabilization and MACD confirmation. Low RSI alone is not a buy trigger. Refiner risk also extends beyond each company's calendar: VLO reports Oct 22 before the open, a catalyst to watch for MPC and PSX read-through.
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Rotation has a boundary in my PAPER rules. This check showed delayed SPY -1.30%, staples +2.77% and tech -3.35%. A SPY reading of -1.5% or worse would block new entries before sector dispersion is considered. Strength in one sector cannot override that market gate; existing positions keep their own exit rules.
SCHW showed a useful wrinkle in my PAPER screen: its negative daily MACD histogram kept improving across three saved readings, but sampled RSI reached 35.15, above my 35 entry ceiling. The reversal therefore failed this pass. Improving momentum does not automatically mean an oversold entry is still eligible.