Overall market trend: Bullish phase – day 43

Yesterdays market: Money entering the market – very high buying pressure

TC2000 McClellan: 25

Stocks above 40PMA: 46%

VIX: 19

52 week highs (US common stocks): 386

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: Downtrend

$SPY: Downtrend

$DIA: No trend

$IWM: No trend

$BTC: No trend

$SQQQ: Uptrend

$UVIX: Uptrend

$TLT: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: Downtrend

1%+ sectors yesterday:

• $SMH +6.75%
• $JETS +6.31%
• $TAN +5.31%
• $XTL +4.42%
• $XLK +3.73%
• $IYT +3.47%
• $XLB +3.27%
• $XLI +3.24%
• $IBB +2.75%
• $HACK +2.68%
• $XLY +2.48%
• $TLT +1.30%

1%- sectors yesterday:

• $XLE -1.94%

Main sectors monthly trailing:

• Leading – $XLK $XLV
• Lagging – $XLU $XLY

Sub sectors monthly trailing:

• Leading – $HACK $JETS
• Lagging – $TAN $RTH

Bitcoin: Under the 200sma at 63k ish

Themes:

Generative AI

Semiconductors

Cyber security

Broad Tech

Space

Cloud Computing

Solar

Clean Energy

Software

Memory

Cybersecurity

Top 15 thematic stocks:

Ticker	Company	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst
NVDA	Nvidia Corp.	Semis — GPU / AI Accelerators	~$8T	+38%	Blackwell ramp; Jensen “next trillion-dollar co.” call on MRVL; Vera Rubin roadmap	Strong Buy ~$265 PT
AVGO	Broadcom Inc.	Semis — Custom ASIC / Networking	~$2.3T	+40%	Q2 beat: AI rev $10.8B (+143% YoY); Q3 guided $16B AI rev; $56B FY26 target	Buy ~$520 PT
MRVL	Marvell Technology Inc.	Semis — Custom Silicon / Networking	~$750B	+141%	Jensen Huang called it “next trillion-dollar co.” at Computex; custom XPU ramps	Strong Buy ~$140 PT
AMD	Advanced Micro Devices	Semis — GPU / Data Center CPU	~$450B	+22%	MI350X ramp; enterprise AI expansion; cloud CPU share gains vs Intel	Buy ~$220 PT
TSM	Taiwan Semiconductor Mfg.	Semis — Foundry (2nm / 3nm)	~$1.1T	+28%	Bernstein PT raised $351→$430; sole 2nm/3nm supplier for NVDA, AVGO, MRVL	Strong Buy ~$430 PT
ANET	Arista Networks	Networking — AI Cluster Ethernet	~$180B	+30%	Q1 2026: net sales +30% YoY; organic growth +23%; AI cluster backend networking	Buy ~$460 PT
MU	Micron Technology	Semis — HBM3E / DRAM / NAND	~$280B	+18%	HBM3E capacity sold out through 2026; net income projected $66.8B in 2026	Buy ~$165 PT
VRT	Vertiv Holdings	Data Center Infra — Cooling / Power	~$60B	+45%	Q1 organic orders +81% YoY; $15B backlog; S&P 500 addition; NVDA co-dev deal	Buy ~$160 PT
GEV	GE Vernova	Power Infrastructure — Grid / Electrical	~$110B	+178%	$2.4B Q1 data center electrification orders; book-to-bill ~2.5; grid backlog surge	Buy ~$600 PT
ETN	Eaton Corp.	Power Mgmt — Electrical Systems	~$150B	+22%	Electrical Americas backlog +48%; transformer lead times >2 years; data center infra	Buy ~$410 PT
CEG	Constellation Energy	Utilities — Nuclear Baseload AI Power	~$90B	+25%	Calpine acquisition closed Jan 2026; PPAs with Microsoft, Meta; Three Mile Island restart	Buy ~$330 PT
CRWV	CoreWeave Inc.	Cloud — GPU-as-a-Service	~$130B	IPO 2026	Recent IPO; largest independent GPU cloud; hyperscaler overflow demand beneficiary	Buy ~$65 PT
PLTR	Palantir Technologies	AI Software — Government / Enterprise	~$380B	+55%	AIP adoption acceleration; DoD AI contract wins; enterprise AIP platform expansion	Hold/Buy ~$120 PT
SMCI	Super Micro Computer	AI Servers — Liquid Cooled Rack Scale	~$20B	-30%	NVDA Vera Rubin NVL72 platform; $2B Gorilla Tech deal; Helios platform launch	Hold ~$38 PT
LRCX	Lam Research	Semis — Wafer Fab Equipment	~$110B	+15%	HBM capacity buildout driving etch/deposition tool spend; DRAM cycle tailwind	Buy ~$1,050 PT

Are breakouts working: No

Are breakouts likely to work for the next 3 – 5 days: Maybe nearly 700+ breadth thrust in 20% study

Are breakdowns likely to work for the next 3 – 5 days: Maybe

Should I be trading: Will just observe today don’t wont to take any new longs into the weekend, SpaceX IPO today.

Overall market trend: Bullish phase – day 42

Yesterdays market: Money leaving the market – normal selling pressure

TC2000 McClellan: 14

Stocks above 40PMA: 42%

VIX: 22

52 week highs (US common stocks): 288

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: Downtrend

$SPY: Downtrend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: Uptrend

$UVIX: No trend

$TLT: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: Downtrend

1%+ sectors yesterday:

• $XLP +1.65%
• $XLE +1.50%

1%- sectors yesterday:

• $JETS -4.59%
• $TAN -4.32%
• $SMH -3.40%
• $XLI -3.38%
• $IYT -3.14%
• $XLB -2.30%
• $XLK -2.29%
• $XLY -2.05%
• $IBB -2.03%
• $IGV -1.47%
• $XLV -1.11%
• $HACK -1.04%

Main sectors monthly trailing:

• Leading – $XLE $XLV
• Lagging – $XLB $XLY

Sub sectors monthly trailing:

• Leading – $HACK $IYT
• Lagging – $TAN $RTH

Bitcoin: Under the 200sma at 63k ish

Themes:

Generative AI

Semiconductors

Cyber security

Broad Tech

Space

Cloud Computing

Solar

Clean Energy

Software

Memory

Cybersecurity

Top 15 thematic stocks:

Ticker	Company	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst
NVDA	Nvidia Corp.	Semis — GPU / AI Accelerators	~$8T	+38%	Blackwell ramp; Jensen “next trillion-dollar co.” call on MRVL; Vera Rubin roadmap	Strong Buy ~$265 PT
AVGO	Broadcom Inc.	Semis — Custom ASIC / Networking	~$2.3T	+40%	Q2 beat: AI rev $10.8B (+143% YoY); Q3 guided $16B AI rev; $56B FY26 target	Buy ~$520 PT
MRVL	Marvell Technology Inc.	Semis — Custom Silicon / Networking	~$750B	+141%	Jensen Huang called it “next trillion-dollar co.” at Computex; custom XPU ramps	Strong Buy ~$140 PT
AMD	Advanced Micro Devices	Semis — GPU / Data Center CPU	~$450B	+22%	MI350X ramp; enterprise AI expansion; cloud CPU share gains vs Intel	Buy ~$220 PT
TSM	Taiwan Semiconductor Mfg.	Semis — Foundry (2nm / 3nm)	~$1.1T	+28%	Bernstein PT raised $351→$430; sole 2nm/3nm supplier for NVDA, AVGO, MRVL	Strong Buy ~$430 PT
ANET	Arista Networks	Networking — AI Cluster Ethernet	~$180B	+30%	Q1 2026: net sales +30% YoY; organic growth +23%; AI cluster backend networking	Buy ~$460 PT
MU	Micron Technology	Semis — HBM3E / DRAM / NAND	~$280B	+18%	HBM3E capacity sold out through 2026; net income projected $66.8B in 2026	Buy ~$165 PT
VRT	Vertiv Holdings	Data Center Infra — Cooling / Power	~$60B	+45%	Q1 organic orders +81% YoY; $15B backlog; S&P 500 addition; NVDA co-dev deal	Buy ~$160 PT
GEV	GE Vernova	Power Infrastructure — Grid / Electrical	~$110B	+178%	$2.4B Q1 data center electrification orders; book-to-bill ~2.5; grid backlog surge	Buy ~$600 PT
ETN	Eaton Corp.	Power Mgmt — Electrical Systems	~$150B	+22%	Electrical Americas backlog +48%; transformer lead times >2 years; data center infra	Buy ~$410 PT
CEG	Constellation Energy	Utilities — Nuclear Baseload AI Power	~$90B	+25%	Calpine acquisition closed Jan 2026; PPAs with Microsoft, Meta; Three Mile Island restart	Buy ~$330 PT
CRWV	CoreWeave Inc.	Cloud — GPU-as-a-Service	~$130B	IPO 2026	Recent IPO; largest independent GPU cloud; hyperscaler overflow demand beneficiary	Buy ~$65 PT
PLTR	Palantir Technologies	AI Software — Government / Enterprise	~$380B	+55%	AIP adoption acceleration; DoD AI contract wins; enterprise AIP platform expansion	Hold/Buy ~$120 PT
SMCI	Super Micro Computer	AI Servers — Liquid Cooled Rack Scale	~$20B	-30%	NVDA Vera Rubin NVL72 platform; $2B Gorilla Tech deal; Helios platform launch	Hold ~$38 PT
LRCX	Lam Research	Semis — Wafer Fab Equipment	~$110B	+15%	HBM capacity buildout driving etch/deposition tool spend; DRAM cycle tailwind	Buy ~$1,050 PT

Are breakouts working: No, my main focus is Tech and there is a steady rotation out of tech taking place under the surface

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Yes from proper setups

Should I be trading: WSS short only from proper setups which will take a few days, looking for a 4% bullish 800+ day in the next 2 – 4 weeks before considering anything long.

Overall market trend: Bullish phase – day 42

Yesterdays market: Money leaving the market – high selling pressure

TC2000 McClellan: 7

Stocks above 40PMA: 44%

VIX: 20

52 week highs (US common stocks): 306

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: Downtrend

$SPY: Downtrend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: No trend

$TLT: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: Downtrend

1%+ sectors yesterday:

• $JETS +3.10%
• $XLB +1.62%
• $IBB +1.46%
• $IYT +1.34%
• $XLV +1.26%
• $KRE +1.25%
• $XLP +1.24%
• $XLI +1.13%
• $XLU +1.06%

1%- sectors yesterday:

• $XTL -3.33%
• $IGV -2.82%
• $TAN -2.75%
• $XLK -1.85%
• $HACK -1.75%
• $XLE -1.61%
• $SMH -1.20%

Main sectors monthly trailing:

• Leading – $XLK $XLV
• Lagging – $XLU $XLY

Sub sectors monthly trailing:

• Leading – $HACK $SMH
• Lagging – $TLT $RTH

Bitcoin: Under the 200sma at 61k ish

Themes:

Generative AI

Semiconductors

Cyber security

Broad Tech

Space

Cloud Computing

Solar

Clean Energy

Software

Memory

Cybersecurity

Top 15 thematic stocks:

Ticker	Company	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst
NVDA	Nvidia Corp.	Semis — GPU / AI Accelerators	~$8T	+38%	Blackwell ramp; Jensen “next trillion-dollar co.” call on MRVL; Vera Rubin roadmap	Strong Buy ~$265 PT
AVGO	Broadcom Inc.	Semis — Custom ASIC / Networking	~$2.3T	+40%	Q2 beat: AI rev $10.8B (+143% YoY); Q3 guided $16B AI rev; $56B FY26 target	Buy ~$520 PT
MRVL	Marvell Technology Inc.	Semis — Custom Silicon / Networking	~$750B	+141%	Jensen Huang called it “next trillion-dollar co.” at Computex; custom XPU ramps	Strong Buy ~$140 PT
AMD	Advanced Micro Devices	Semis — GPU / Data Center CPU	~$450B	+22%	MI350X ramp; enterprise AI expansion; cloud CPU share gains vs Intel	Buy ~$220 PT
TSM	Taiwan Semiconductor Mfg.	Semis — Foundry (2nm / 3nm)	~$1.1T	+28%	Bernstein PT raised $351→$430; sole 2nm/3nm supplier for NVDA, AVGO, MRVL	Strong Buy ~$430 PT
ANET	Arista Networks	Networking — AI Cluster Ethernet	~$180B	+30%	Q1 2026: net sales +30% YoY; organic growth +23%; AI cluster backend networking	Buy ~$460 PT
MU	Micron Technology	Semis — HBM3E / DRAM / NAND	~$280B	+18%	HBM3E capacity sold out through 2026; net income projected $66.8B in 2026	Buy ~$165 PT
VRT	Vertiv Holdings	Data Center Infra — Cooling / Power	~$60B	+45%	Q1 organic orders +81% YoY; $15B backlog; S&P 500 addition; NVDA co-dev deal	Buy ~$160 PT
GEV	GE Vernova	Power Infrastructure — Grid / Electrical	~$110B	+178%	$2.4B Q1 data center electrification orders; book-to-bill ~2.5; grid backlog surge	Buy ~$600 PT
ETN	Eaton Corp.	Power Mgmt — Electrical Systems	~$150B	+22%	Electrical Americas backlog +48%; transformer lead times >2 years; data center infra	Buy ~$410 PT
CEG	Constellation Energy	Utilities — Nuclear Baseload AI Power	~$90B	+25%	Calpine acquisition closed Jan 2026; PPAs with Microsoft, Meta; Three Mile Island restart	Buy ~$330 PT
CRWV	CoreWeave Inc.	Cloud — GPU-as-a-Service	~$130B	IPO 2026	Recent IPO; largest independent GPU cloud; hyperscaler overflow demand beneficiary	Buy ~$65 PT
PLTR	Palantir Technologies	AI Software — Government / Enterprise	~$380B	+55%	AIP adoption acceleration; DoD AI contract wins; enterprise AIP platform expansion	Hold/Buy ~$120 PT
SMCI	Super Micro Computer	AI Servers — Liquid Cooled Rack Scale	~$20B	-30%	NVDA Vera Rubin NVL72 platform; $2B Gorilla Tech deal; Helios platform launch	Hold ~$38 PT
LRCX	Lam Research	Semis — Wafer Fab Equipment	~$110B	+15%	HBM capacity buildout driving etch/deposition tool spend; DRAM cycle tailwind	Buy ~$1,050 PT

Are breakouts working: No

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Yes from proper setups

Should I be trading: WSS short only from proper setups which will take a few days, looking for a 4% bullish 800+ day in the next 2 – 4 weeks before considering anything long.

Overall market trend: Bullish phase – day 41

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: -30

Stocks above 40PMA: 40%

VIX: 19

52 week highs (US common stocks): 249

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: Downtrend

$SPY: Downtrend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: No trend

$TLT: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: No trend

1%+ sectors yesterday:

• $SMH +5.00%
• $XLK +2.15%
• $XLE +1.14%

1%- sectors yesterday:

• $XLU -1.87%
• $XLB -1.32%

Main sectors monthly trailing:

• Leading – $XLK $XLV
• Lagging – $XLU $XLB

Sub sectors monthly trailing:

• Leading – $HACK $SMH
• Lagging – $TLT $RTH

Bitcoin: Under the 200sma at 63k ish

Themes:

Generative AI

Semiconductors

Cyber security

Broad Tech

Space

Cloud Computing

Solar

Clean Energy

Software

Memory

Cybersecurity

Top 15 thematic stocks:

Ticker	Company	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst
NVDA	Nvidia Corp.	Semis — GPU / AI Accelerators	~$8T	+38%	Blackwell ramp; Jensen “next trillion-dollar co.” call on MRVL; Vera Rubin roadmap	Strong Buy ~$265 PT
AVGO	Broadcom Inc.	Semis — Custom ASIC / Networking	~$2.3T	+40%	Q2 beat: AI rev $10.8B (+143% YoY); Q3 guided $16B AI rev; $56B FY26 target	Buy ~$520 PT
MRVL	Marvell Technology Inc.	Semis — Custom Silicon / Networking	~$750B	+141%	Jensen Huang called it “next trillion-dollar co.” at Computex; custom XPU ramps	Strong Buy ~$140 PT
AMD	Advanced Micro Devices	Semis — GPU / Data Center CPU	~$450B	+22%	MI350X ramp; enterprise AI expansion; cloud CPU share gains vs Intel	Buy ~$220 PT
TSM	Taiwan Semiconductor Mfg.	Semis — Foundry (2nm / 3nm)	~$1.1T	+28%	Bernstein PT raised $351→$430; sole 2nm/3nm supplier for NVDA, AVGO, MRVL	Strong Buy ~$430 PT
ANET	Arista Networks	Networking — AI Cluster Ethernet	~$180B	+30%	Q1 2026: net sales +30% YoY; organic growth +23%; AI cluster backend networking	Buy ~$460 PT
MU	Micron Technology	Semis — HBM3E / DRAM / NAND	~$280B	+18%	HBM3E capacity sold out through 2026; net income projected $66.8B in 2026	Buy ~$165 PT
VRT	Vertiv Holdings	Data Center Infra — Cooling / Power	~$60B	+45%	Q1 organic orders +81% YoY; $15B backlog; S&P 500 addition; NVDA co-dev deal	Buy ~$160 PT
GEV	GE Vernova	Power Infrastructure — Grid / Electrical	~$110B	+178%	$2.4B Q1 data center electrification orders; book-to-bill ~2.5; grid backlog surge	Buy ~$600 PT
ETN	Eaton Corp.	Power Mgmt — Electrical Systems	~$150B	+22%	Electrical Americas backlog +48%; transformer lead times >2 years; data center infra	Buy ~$410 PT
CEG	Constellation Energy	Utilities — Nuclear Baseload AI Power	~$90B	+25%	Calpine acquisition closed Jan 2026; PPAs with Microsoft, Meta; Three Mile Island restart	Buy ~$330 PT
CRWV	CoreWeave Inc.	Cloud — GPU-as-a-Service	~$130B	IPO 2026	Recent IPO; largest independent GPU cloud; hyperscaler overflow demand beneficiary	Buy ~$65 PT
PLTR	Palantir Technologies	AI Software — Government / Enterprise	~$380B	+55%	AIP adoption acceleration; DoD AI contract wins; enterprise AIP platform expansion	Hold/Buy ~$120 PT
SMCI	Super Micro Computer	AI Servers — Liquid Cooled Rack Scale	~$20B	-30%	NVDA Vera Rubin NVL72 platform; $2B Gorilla Tech deal; Helios platform launch	Hold ~$38 PT
LRCX	Lam Research	Semis — Wafer Fab Equipment	~$110B	+15%	HBM capacity buildout driving etch/deposition tool spend; DRAM cycle tailwind	Buy ~$1,050 PT

Are breakouts working: No

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Probably but need to setup after such a big move down

Should I be trading: WSS short only from proper setups which will take a few days, looking for a 4% bullish 800+ day in the next 2 – 4 weeks before considering anything long.

Overall market trend: Bullish phase – day 40

Fridays market: Money leaving the market – very high selling pressure

TC2000 McClellan: -28

Stocks above 40PMA: 40%

VIX: 22

52 week highs (US common stocks): 264

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: No trend

$SPY: No trend

$DIA: Uptrend

$IWM: No trend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: No trend

$TLT: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: No trend

1%+ sectors Friday:

• $XLP +1.71%

1%- sectors Friday:

• $SMH -9.22%
• $TAN -9.07%
• $XLK -6.66%
• $XTL -5.71%
• $IGV -4.21%
• $HACK -3.80%
• $XLY -2.05%
• $XLB -1.92%
• $XLE -1.84%
• $IBB -1.74%
• $XLI -1.12%

Main sectors monthly trailing:

• Leading – $XLK $XLV
• Lagging – $XLU $XLE

Sub sectors monthly trailing:

• Leading – $HACK $SMH
• Lagging – $TLT $RTH

Bitcoin: Under the 200sma at 60k ish

Themes:

Generative AI

Semiconductors

Cyber security

Broad Tech

Space

Cloud Computing

Solar

Clean Energy

Software

Memory

Cybersecurity

Top 15 thematic stocks:

Ticker	Company	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst
NVDA	Nvidia Corp.	Semis — GPU / AI Accelerators	~$8T	+38%	Blackwell ramp; Jensen “next trillion-dollar co.” call on MRVL; Vera Rubin roadmap	Strong Buy ~$265 PT
AVGO	Broadcom Inc.	Semis — Custom ASIC / Networking	~$2.3T	+40%	Q2 beat: AI rev $10.8B (+143% YoY); Q3 guided $16B AI rev; $56B FY26 target	Buy ~$520 PT
MRVL	Marvell Technology Inc.	Semis — Custom Silicon / Networking	~$750B	+141%	Jensen Huang called it “next trillion-dollar co.” at Computex; custom XPU ramps	Strong Buy ~$140 PT
AMD	Advanced Micro Devices	Semis — GPU / Data Center CPU	~$450B	+22%	MI350X ramp; enterprise AI expansion; cloud CPU share gains vs Intel	Buy ~$220 PT
TSM	Taiwan Semiconductor Mfg.	Semis — Foundry (2nm / 3nm)	~$1.1T	+28%	Bernstein PT raised $351→$430; sole 2nm/3nm supplier for NVDA, AVGO, MRVL	Strong Buy ~$430 PT
ANET	Arista Networks	Networking — AI Cluster Ethernet	~$180B	+30%	Q1 2026: net sales +30% YoY; organic growth +23%; AI cluster backend networking	Buy ~$460 PT
MU	Micron Technology	Semis — HBM3E / DRAM / NAND	~$280B	+18%	HBM3E capacity sold out through 2026; net income projected $66.8B in 2026	Buy ~$165 PT
VRT	Vertiv Holdings	Data Center Infra — Cooling / Power	~$60B	+45%	Q1 organic orders +81% YoY; $15B backlog; S&P 500 addition; NVDA co-dev deal	Buy ~$160 PT
GEV	GE Vernova	Power Infrastructure — Grid / Electrical	~$110B	+178%	$2.4B Q1 data center electrification orders; book-to-bill ~2.5; grid backlog surge	Buy ~$600 PT
ETN	Eaton Corp.	Power Mgmt — Electrical Systems	~$150B	+22%	Electrical Americas backlog +48%; transformer lead times >2 years; data center infra	Buy ~$410 PT
CEG	Constellation Energy	Utilities — Nuclear Baseload AI Power	~$90B	+25%	Calpine acquisition closed Jan 2026; PPAs with Microsoft, Meta; Three Mile Island restart	Buy ~$330 PT
CRWV	CoreWeave Inc.	Cloud — GPU-as-a-Service	~$130B	IPO 2026	Recent IPO; largest independent GPU cloud; hyperscaler overflow demand beneficiary	Buy ~$65 PT
PLTR	Palantir Technologies	AI Software — Government / Enterprise	~$380B	+55%	AIP adoption acceleration; DoD AI contract wins; enterprise AIP platform expansion	Hold/Buy ~$120 PT
SMCI	Super Micro Computer	AI Servers — Liquid Cooled Rack Scale	~$20B	-30%	NVDA Vera Rubin NVL72 platform; $2B Gorilla Tech deal; Helios platform launch	Hold ~$38 PT
LRCX	Lam Research	Semis — Wafer Fab Equipment	~$110B	+15%	HBM capacity buildout driving etch/deposition tool spend; DRAM cycle tailwind	Buy ~$1,050 PT

Are breakouts working: No

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Probably but need to setup after such a big move down

Should I be trading: WSS short only from proper setups which will take a few days, Friday was a 4% bearish 800+ day, look for a 4% bullish 800+ day in the next 2 – 4 weeks before considering anything long.

Overall market trend: Bullish phase – day 39

Yesterdays market: Money entering the market – high buying pressure

TC2000 McClellan: 0

Stocks above 40PMA: 45%

VIX: 15

52 week highs (US common stocks): 318

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: Uptrend

$SPY: Uptrend

$DIA: Uptrend

$IWM: No trend

$BTC: Downtrend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: Uptrend

$GLD: Downtrend

$SLV: Downtrend

$SLX: Uptrend

1%+ sectors yesterday:

• $KRE +3.09%
• $XLV +3.07%
• $XLF +2.59%
• $IBB +2.35%
• $XLI +1.21%
• $RTH +1.02%

1%- sectors yesterday:

• $SMH -1.63%
• $XLK -1.56%
• $HACK -1.05%

Main sectors monthly trailing:

• Leading – $XLK $XLV
• Lagging – $XLU $XLP

Sub sectors monthly trailing:

• Leading – $HACK $SMH
• Lagging – $TLT $RTH

Bitcoin: Under the 200sma at 63k ish

Themes: AI GPU & Accelerators, Custom AI Silicon (ASICs), AI Networking & Interconnects, Optical Photonics & Bandwidth, Semiconductor Capital Equipment, Hyperscaler Cloud Platforms, AI Data Cloud & Analytics, Enterprise Agentic AI Software, AI Memory (HBM), Government & Defense AI

Top 15 thematic stocks:

Ticker	Company	Sector	Mkt Cap	YTD	Key Catalyst	Analyst View
NVDA	NVIDIA Corp.	Semiconductors	~$2.6T	~+25%	Data center GPU dominance; 70% rev growth guided	Strong Buy ~$175
AVGO	Broadcom Inc.	Semis/Networking	~$2.0T	+23%	Q2 FY26 earnings June 3; custom AI silicon for hyperscalers; Wi-Fi 8 chips	Buy BofA/MS top pick
MRVL	Marvell Technology	AI Networking	~$95B	+100%+	$2B Nvidia strategic deal; Ethernet switches for AI clusters; BofA “AI compute” pick	Buy ~$120+
AMD	Advanced Micro Devices	Semiconductors	~$350B	+40%+	CPU renaissance; server market share gains vs Intel; MI300X AI accelerators	Outperform Evercore
MU	Micron Technology	Memory/AI	~$800B+	+100%+	HBM3E AI memory; customers getting only 50-66% of requirements; supply-constrained	Strong Buy
MSFT	Microsoft Corp.	Cloud/AI Software	~$3.1T	~+15%	Azure AI growth; Microsoft Build 2026 dev event; Copilot monetization	Buy ~$415
SNOW	Snowflake Inc.	Data/AI Cloud	~$80B	+60%+	Q1 beat; AI accounts 9,100→13,600 in one quarter; Cortex Code; $6B AWS deal	Outperform $275–$295
NOW	ServiceNow Inc.	Enterprise AI	~$220B	~+30%	Agentic AI workflows; gained 5% on Snowflake coattails; “poster child” for enterprise AI	Buy premium multiple
ORCL	Oracle Corp.	Cloud/AI Infra	~$580B	+7%	$553B remaining performance obligations (+325%); AI infra prepayments; gained 6.8% on SNOW day	Buy ~$204
PLTR	Palantir Technologies	AI Software/Gov	~$180B	~+50%	AIP platform; government & enterprise AI; surged 6–8% on software re-rating week	Hold/Buy high premium
CSCO	Cisco Systems Inc.	AI Networking	~$240B	~+20%	Record Q3 revenue $15.8B (+AI networking); raised full-year outlook; hyperscaler demand	Buy
AMAT	Applied Materials	Semiconductor Equip	~$180B	~+20%	BofA top 8 AI beneficiary; wafer fabrication equipment demand; AI node buildout	Outperform
LRCX	Lam Research Corp.	Semiconductor Equip	~$110B	~+15%	Etch/deposition tools critical for AI chip layers; capex cycle beneficiary	Buy
LITE	Lumentum Holdings	Optical/Photonics	~$8B	+121%	Photonics solves AI data center bandwidth bottleneck; all-time gains of 855%+ per Tickeron	Buy
GOOGL	Alphabet Inc.	Hyperscaler/AI	~$2.4T	~+12%	TPU AI chips (Broadcom partnership); Gemini AI; Google Cloud revenue acceleration	Buy ~$387
SOXX	iShares Semis ETF	ETF	—	+35%+	Broad semiconductor exposure; NVDA, AVGO, AMD, MU, MRVL, AMAT, LRCX	ETF — diversified
SMH	VanEck Semis ETF	ETF	—	+35%+	Similar to SOXX; largest AI chip names; liquid	ETF — diversified
IGV	iShares Exp. Tech-Software ETF	ETF	—	+21% May alone	Enterprise software re-rating; SNOW, NOW, ORCL, CRM, MSFT, PLTR	ETF — best month since 2001

Are breakouts working: No, starting to test / pull back into their breakouts

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Extended stocks & weak sectors

Should I be trading: Pullback is starting, only strong cat based longs or WSS shorts

Overall market trend: Bullish phase – day 38

Yesterdays market: Money leaving the market – high selling pressure

TC2000 McClellan: -46

Stocks above 40PMA: 39%

VIX: 16

52 week highs (US common stocks): 267

Seasonality: June is likely to be choppy-to-weak, consistent with the broader H1 softness of a midterm year. Volatility should remain elevated. However, any meaningful June weakness could represent a buying opportunity for traders positioned for the historically strong Q4 midterm rally into November elections. The real pain point seasonality points to is September–October, not June — so June may be more of a sideways grind than a sharp decline.

As always — these are probabilistic patterns, not guarantees. Macro factors (Fed policy, tariff developments, earnings) can and do override seasonal tendencies.

Indices:

$QQQ: Uptrend

$SPY: Uptrend

$DIA: Uptrend

$IWM: No trend

$BTC: Downtrend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: Uptrend

$GLD: Downtrend

$SLV: Downtrend

$SLX: Uptrend

1%+ sectors yesterday:

• $IBB +1.97%
• $XLE +1.29%

1%- sectors yesterday:

• $IGV -4.33%
• $XTL -3.76%
• $HACK -3.00%
• $TAN -2.74%
• $KRE -2.39%
• $JETS -2.35%
• $XLF -1.15%
• $XLK -1.00%

Main sectors monthly trailing:

• Leading – $XLK $XLV
• Lagging – $XLU $XLP

Sub sectors monthly trailing:

• Leading – $HACK $SMH
• Lagging – $KRE $RTH

Bitcoin: Under the 200sma at 63k ish

Themes: AI GPU & Accelerators, Custom AI Silicon (ASICs), AI Networking & Interconnects, Optical Photonics & Bandwidth, Semiconductor Capital Equipment, Hyperscaler Cloud Platforms, AI Data Cloud & Analytics, Enterprise Agentic AI Software, AI Memory (HBM), Government & Defense AI

Top 15 thematic stocks:

Ticker	Company	Sector	Mkt Cap	YTD	Key Catalyst	Analyst View
NVDA	NVIDIA Corp.	Semiconductors	~$2.6T	~+25%	Data center GPU dominance; 70% rev growth guided	Strong Buy ~$175
AVGO	Broadcom Inc.	Semis/Networking	~$2.0T	+23%	Q2 FY26 earnings June 3; custom AI silicon for hyperscalers; Wi-Fi 8 chips	Buy BofA/MS top pick
MRVL	Marvell Technology	AI Networking	~$95B	+100%+	$2B Nvidia strategic deal; Ethernet switches for AI clusters; BofA “AI compute” pick	Buy ~$120+
AMD	Advanced Micro Devices	Semiconductors	~$350B	+40%+	CPU renaissance; server market share gains vs Intel; MI300X AI accelerators	Outperform Evercore
MU	Micron Technology	Memory/AI	~$800B+	+100%+	HBM3E AI memory; customers getting only 50-66% of requirements; supply-constrained	Strong Buy
MSFT	Microsoft Corp.	Cloud/AI Software	~$3.1T	~+15%	Azure AI growth; Microsoft Build 2026 dev event; Copilot monetization	Buy ~$415
SNOW	Snowflake Inc.	Data/AI Cloud	~$80B	+60%+	Q1 beat; AI accounts 9,100→13,600 in one quarter; Cortex Code; $6B AWS deal	Outperform $275–$295
NOW	ServiceNow Inc.	Enterprise AI	~$220B	~+30%	Agentic AI workflows; gained 5% on Snowflake coattails; “poster child” for enterprise AI	Buy premium multiple
ORCL	Oracle Corp.	Cloud/AI Infra	~$580B	+7%	$553B remaining performance obligations (+325%); AI infra prepayments; gained 6.8% on SNOW day	Buy ~$204
PLTR	Palantir Technologies	AI Software/Gov	~$180B	~+50%	AIP platform; government & enterprise AI; surged 6–8% on software re-rating week	Hold/Buy high premium
CSCO	Cisco Systems Inc.	AI Networking	~$240B	~+20%	Record Q3 revenue $15.8B (+AI networking); raised full-year outlook; hyperscaler demand	Buy
AMAT	Applied Materials	Semiconductor Equip	~$180B	~+20%	BofA top 8 AI beneficiary; wafer fabrication equipment demand; AI node buildout	Outperform
LRCX	Lam Research Corp.	Semiconductor Equip	~$110B	~+15%	Etch/deposition tools critical for AI chip layers; capex cycle beneficiary	Buy
LITE	Lumentum Holdings	Optical/Photonics	~$8B	+121%	Photonics solves AI data center bandwidth bottleneck; all-time gains of 855%+ per Tickeron	Buy
GOOGL	Alphabet Inc.	Hyperscaler/AI	~$2.4T	~+12%	TPU AI chips (Broadcom partnership); Gemini AI; Google Cloud revenue acceleration	Buy ~$387
SOXX	iShares Semis ETF	ETF	—	+35%+	Broad semiconductor exposure; NVDA, AVGO, AMD, MU, MRVL, AMAT, LRCX	ETF — diversified
SMH	VanEck Semis ETF	ETF	—	+35%+	Similar to SOXX; largest AI chip names; liquid	ETF — diversified
IGV	iShares Exp. Tech-Software ETF	ETF	—	+21% May alone	Enterprise software re-rating; SNOW, NOW, ORCL, CRM, MSFT, PLTR	ETF — best month since 2001

Are breakouts working: No starting to fail

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Extended stocks & weak sectors

Should I be trading: Pullback is starting, only strong cat based longs or WSS shorts