2026 – Money leaving the market – Normal selling pressure

Overall market trend: Bearish phase – day 28

Yesterdays market: Money leaving the market – Normal selling pressure

TC2000 McClellan: 10

Stocks above 40PMA T2108: 29

VIX: 18

52 week highs (US common stocks): 156

Seasonality: The historical case: October is the midterm year’s best month

Since 1950, October has been the best-performing month in U.S. midterm years, averaging a 3% gain for the S&P 500 and posting positive returns 73.7% of the time. November ranks second, averaging a 2.7% gain, with positive returns 78.9% of the time. The midterm effect is large. Across all years, October has been positive nearly 60% of the time since 1950, with an average gain of 0.89%, so the midterm version roughly triples the typical October return. LPL also notes that the improvement from October onwards in midterm years has not depended on which party holds the Presidency.

The key difference from the template.

The midterm Q4 rally has historically started from a deep autumn low, which you’ve already noted. Since 1950, the S&P 500 has suffered an average peak-to-trough decline of about 18% in midterm years. In 2026, the S&P 500 fell 5% in the first quarter, rallied 15% in the second, and gained 2% in the third, and it remains less than 2% below its last record close. The early-year weakness fits the pattern. But there hasn’t been an autumn flush, so the “relief rally off the lows” mechanism has less to work with. Detrick’s comment that the historical Q4 pattern should not be viewed in isolation applies here, especially with yields at 5.3% and oil above $100.

Overall, the seasonal tailwind for October 2026 is real but should be discounted. The usual setup (a washed-out market heading into the vote) is missing. The more likely route to a large Q4 might be a further pullback in October, followed by the post-election rally, rather than a straight run higher from here.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Downtrend

$RSP: Uptrend

$DIA: Uptrend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: Uptrend

$UVIX: Uptrend

$TLT: Uptrend

$USO: Uptrend

$TNX: Downtrend

$GLD: No trend

$SLV: Downtrend

$SLX: Downtrend

2%+ sectors yesterday:

None

2%- sectors yesterday:

$XLU -2.01%

Main sectors monthly trailing:

Leading – $XLE $XLP
Lagging – $XLF $IBB

Sub sectors monthly trailing:

Leading – $RTH $IGV
Lagging – $TAN $JETS

Bitcoin: 82k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Theme 1: Oil Shock & Energy Supercycle (Hormuz Supply Squeeze)

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
XOM	ExxonMobil Holdings Corporation	Energy / Integrated Oil & Gas	$736B	n/v	Q3 earnings 30 Oct; $4.5B refining tailwind	Moderate Buy; avg PT $175 (MS PT $185)
CVX	Chevron Corporation	Energy / Integrated Oil & Gas	$440B	n/v	Q3 earnings 30 Oct; near 52-week high	Buy; avg PT $228 (MS PT $226)
COP	ConocoPhillips	Energy / E&P	$173B	n/v	Q3 earnings 5 Nov; target raises	Buy; MS $159, Barclays $150, Wells $189
FANG	Diamondback Energy, Inc.	Energy / E&P (Permian)	$55.7B	n/v	Scotiabank initiated Outperform; Q3 earnings 2 Nov	Overweight; mean PT mid-$230s
EOG	EOG Resources, Inc.	Energy / E&P	n/v	n/v	Leverage to $100 WTI; Q3 earnings	n/v
OXY	Occidental Petroleum Corporation	Energy / E&P	n/v	n/v	Leverage to $100 WTI; Q3 earnings	n/v
MPC	Marathon Petroleum Corporation	Energy / Refining	~€122B	n/v	Diesel tightness; Wells PT $400→$560; earnings 3 Nov	Mixed; avg PT $418 (below price)
VLO	Valero Energy Corporation	Energy / Refining	n/v	n/v	Refiners expected to beat record Q2	n/v
PSX	Phillips 66	Energy / Refining	n/v	n/v	Diesel crack spreads	n/v
FRO	Frontline plc	Energy / Crude Tankers (VLCC)	~$13.2B	+158% (to 8 Oct)	Record VLCC spot rates	n/v
DHT	DHT Holdings, Inc.	Energy / Crude Tankers (VLCC)	~$3.8B	+104% (to 8 Oct)	Pure VLCC spot exposure	n/v
INSW	International Seaways, Inc.	Energy / Crude & Product Tankers	$5.6B	~+139%	Buying Bruton (4 VLCCs); earnings 5 Nov	Buy; avg PT $120 (B. Riley $140)
STNG	Scorpio Tankers Inc.	Energy / Product Tankers	$4.1B	~+63%	Earnings 29 Oct; MS PT $76→$90	Hold; avg PT $92–100
TNK	Teekay Tankers Ltd.	Energy / Crude Tankers	~$3.5–3.7B	n/v	Earnings 4 Nov	Hold; avg PT $77 (below price)
TRMD	TORM plc	Energy / Product Tankers	n/v	n/v	Hit 52-week high on product tanker rates	n/v
XLE	Energy Select Sector SPDR ETF	ETF – Energy	—	~+50%	All-time high this week	—
XOP	SPDR S&P Oil & Gas E&P ETF	ETF – E&P	—	n/v	Equal-weight producer exposure	—
BWET	Breakwave Tanker Shipping ETF	ETF – Freight futures	—	n/v	Tracks tanker freight rates	—
OIH	VanEck Oil Services ETF	ETF – Oilfield services	—	n/v	Capex follow-through	—

Theme 2: Defensive Rotation – Healthcare & Big Pharma Breakout

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
LLY	Eli Lilly and Company	Healthcare / Pharma (GLP-1)	~$1.1T	n/v	Q3 earnings 29 Oct; RBC expects beat and raise	Buy; avg PT $1,339 (Cantor $1,440)
JNJ	Johnson & Johnson	Healthcare / Pharma & MedTech	n/v	n/v	Q3 beat (EPS $2.59, revenue $25.4B)	n/v
ABBV	AbbVie Inc.	Healthcare / Pharma (Immunology)	$501B	n/v	Record high; Q3 earnings 30 Oct	Buy; avg PT $283 (Scotiabank $320)
MRK	Merck & Co., Inc.	Healthcare / Pharma	n/v	+38% (to 9 Oct)	Q3 earnings; sector momentum	Street PT ~$156 (Cantor Neutral $145)
UNH	UnitedHealth Group Incorporated	Healthcare / Managed Care	n/v	n/v	Q3 beat; 2026 EPS guide ≥$20.50; +9% on the week	Buy; avg PT ~$481
AMGN	Amgen Inc.	Healthcare / Biotech	$230B	n/v	RBC PT $400→$430	Mixed; RBC Outperform, Guggenheim Neutral $378
GILD	Gilead Sciences, Inc.	Healthcare / Biotech	n/v	n/v	Rose with the rotation	n/v
BMY	Bristol-Myers Squibb Company	Healthcare / Pharma	$122B	n/v	Q3 earnings 29 Oct; Phase 3 readouts	Hold; avg PT ~$65
PFE	Pfizer Inc.	Healthcare / Pharma	n/v	n/v	Cantor raised PT (Neutral); value play	n/v
MRNA	Moderna, Inc.	Healthcare / Biotech (mRNA)	n/v	~+177% (reported)	Personalised cancer vaccine; Goldman PT $137	Mixed; still loss-making
TMO	Thermo Fisher Scientific Inc.	Healthcare / Life-Science Tools	n/v	n/v	Q3 earnings	n/v
ABT	Abbott Laboratories	Healthcare / MedTech	n/v	n/v	Defensive MedTech; Q3 earnings	n/v
CVS	CVS Health Corporation	Healthcare / Managed Care & Pharmacy	n/v	n/v	Managed care lift after UNH beat	n/v
ICLR	ICON plc	Healthcare / CRO	n/v	n/v	Deutsche Bank sees bookings upside	n/v
FTRE	Fortrea Holdings Inc.	Healthcare / CRO	n/v	n/v	Upgraded to Buy at Deutsche Bank	Buy (DB)
XLV	Health Care Select Sector SPDR ETF	ETF – Healthcare	—	+15.9%	Record high ~$177	—
IHE	iShares US Pharmaceuticals ETF	ETF – Pharma	—	n/v	Pure pharma exposure	—
XBI	SPDR S&P Biotech ETF	ETF – Biotech	—	n/v	Higher beta; benefits from M&A	—
IHF	iShares US Healthcare Providers ETF	ETF – Managed Care	—	n/v	UNH/CVS recovery	—

What type of market are we in: Weak

Key things for this week: Big earnings include $META, $TSLA, $NFLX, $GM and $PG. Chips remain weak: they fell for an eighth straight day, and the Nasdaq 100 lost 5.5% on the week

Are breakouts working: No

Are breakouts likely to work for the next 3 – 5 days: No, markets just chopping around in a weak environment

Are breakdowns likely to work for the next 3 – 5 days: Selectively, 20% study bearish in the 50’s

Should I be trading: SIPs, don’t expect multi day moves to hold. Lots of things look to be setting up short.

Todays watchlist (stocks setting up): Symbols from TC2000
OUST
RKLB
DOCN
HPE
SOXL
QCOM
DELL
TQQQ
CRWV

SA 19/10/2026 – Money leaving the market – High selling pressure

Overall market trend: Bearish phase – day 27

Fridays market: Money leaving the market – High selling pressure

TC2000 McClellan: 36

Stocks above 40PMA T2108: 30

VIX: 20

52 week highs (US common stocks): 193

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: No trend

$RSP: Uptrend

$DIA: Uptrend

$IWM: Downtrend

$BTC: No trend

$SQQQ: Uptrend

$UVIX: No trend

$TLT: Uptrend

$USO: Uptrend

$TNX: Downtrend

$GLD: No trend

$SLV: Downtrend

$SLX: Downtrend

2%+ sectors Friday:

$XLE +2.52%

2%- sectors Friday:

$IGV -4.80%
$HACK -4.21%
$SMH -3.41%
$XLK -3.02%
$XTL -2.92%
$JETS -2.67%
$IBB -2.61%
$TAN -2.11%

Main sectors monthly trailing:

Leading – $XLE $XLV
Lagging – $XLF $XLI

Sub sectors monthly trailing:

Leading – $RTH $IYT
Lagging – $TAN $JETS

Bitcoin: 82k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Theme 1: Oil Shock & Energy Supercycle (Hormuz Supply Squeeze)

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
XOM	ExxonMobil Holdings Corporation	Energy / Integrated Oil & Gas	$736B	n/v	Q3 earnings 30 Oct; $4.5B refining tailwind	Moderate Buy; avg PT $175 (MS PT $185)
CVX	Chevron Corporation	Energy / Integrated Oil & Gas	$440B	n/v	Q3 earnings 30 Oct; near 52-week high	Buy; avg PT $228 (MS PT $226)
COP	ConocoPhillips	Energy / E&P	$173B	n/v	Q3 earnings 5 Nov; target raises	Buy; MS $159, Barclays $150, Wells $189
FANG	Diamondback Energy, Inc.	Energy / E&P (Permian)	$55.7B	n/v	Scotiabank initiated Outperform; Q3 earnings 2 Nov	Overweight; mean PT mid-$230s
EOG	EOG Resources, Inc.	Energy / E&P	n/v	n/v	Leverage to $100 WTI; Q3 earnings	n/v
OXY	Occidental Petroleum Corporation	Energy / E&P	n/v	n/v	Leverage to $100 WTI; Q3 earnings	n/v
MPC	Marathon Petroleum Corporation	Energy / Refining	~€122B	n/v	Diesel tightness; Wells PT $400→$560; earnings 3 Nov	Mixed; avg PT $418 (below price)
VLO	Valero Energy Corporation	Energy / Refining	n/v	n/v	Refiners expected to beat record Q2	n/v
PSX	Phillips 66	Energy / Refining	n/v	n/v	Diesel crack spreads	n/v
FRO	Frontline plc	Energy / Crude Tankers (VLCC)	~$13.2B	+158% (to 8 Oct)	Record VLCC spot rates	n/v
DHT	DHT Holdings, Inc.	Energy / Crude Tankers (VLCC)	~$3.8B	+104% (to 8 Oct)	Pure VLCC spot exposure	n/v
INSW	International Seaways, Inc.	Energy / Crude & Product Tankers	$5.6B	~+139%	Buying Bruton (4 VLCCs); earnings 5 Nov	Buy; avg PT $120 (B. Riley $140)
STNG	Scorpio Tankers Inc.	Energy / Product Tankers	$4.1B	~+63%	Earnings 29 Oct; MS PT $76→$90	Hold; avg PT $92–100
TNK	Teekay Tankers Ltd.	Energy / Crude Tankers	~$3.5–3.7B	n/v	Earnings 4 Nov	Hold; avg PT $77 (below price)
TRMD	TORM plc	Energy / Product Tankers	n/v	n/v	Hit 52-week high on product tanker rates	n/v
XLE	Energy Select Sector SPDR ETF	ETF – Energy	—	~+50%	All-time high this week	—
XOP	SPDR S&P Oil & Gas E&P ETF	ETF – E&P	—	n/v	Equal-weight producer exposure	—
BWET	Breakwave Tanker Shipping ETF	ETF – Freight futures	—	n/v	Tracks tanker freight rates	—
OIH	VanEck Oil Services ETF	ETF – Oilfield services	—	n/v	Capex follow-through	—

Theme 2: Defensive Rotation – Healthcare & Big Pharma Breakout

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
LLY	Eli Lilly and Company	Healthcare / Pharma (GLP-1)	~$1.1T	n/v	Q3 earnings 29 Oct; RBC expects beat and raise	Buy; avg PT $1,339 (Cantor $1,440)
JNJ	Johnson & Johnson	Healthcare / Pharma & MedTech	n/v	n/v	Q3 beat (EPS $2.59, revenue $25.4B)	n/v
ABBV	AbbVie Inc.	Healthcare / Pharma (Immunology)	$501B	n/v	Record high; Q3 earnings 30 Oct	Buy; avg PT $283 (Scotiabank $320)
MRK	Merck & Co., Inc.	Healthcare / Pharma	n/v	+38% (to 9 Oct)	Q3 earnings; sector momentum	Street PT ~$156 (Cantor Neutral $145)
UNH	UnitedHealth Group Incorporated	Healthcare / Managed Care	n/v	n/v	Q3 beat; 2026 EPS guide ≥$20.50; +9% on the week	Buy; avg PT ~$481
AMGN	Amgen Inc.	Healthcare / Biotech	$230B	n/v	RBC PT $400→$430	Mixed; RBC Outperform, Guggenheim Neutral $378
GILD	Gilead Sciences, Inc.	Healthcare / Biotech	n/v	n/v	Rose with the rotation	n/v
BMY	Bristol-Myers Squibb Company	Healthcare / Pharma	$122B	n/v	Q3 earnings 29 Oct; Phase 3 readouts	Hold; avg PT ~$65
PFE	Pfizer Inc.	Healthcare / Pharma	n/v	n/v	Cantor raised PT (Neutral); value play	n/v
MRNA	Moderna, Inc.	Healthcare / Biotech (mRNA)	n/v	~+177% (reported)	Personalised cancer vaccine; Goldman PT $137	Mixed; still loss-making
TMO	Thermo Fisher Scientific Inc.	Healthcare / Life-Science Tools	n/v	n/v	Q3 earnings	n/v
ABT	Abbott Laboratories	Healthcare / MedTech	n/v	n/v	Defensive MedTech; Q3 earnings	n/v
CVS	CVS Health Corporation	Healthcare / Managed Care & Pharmacy	n/v	n/v	Managed care lift after UNH beat	n/v
ICLR	ICON plc	Healthcare / CRO	n/v	n/v	Deutsche Bank sees bookings upside	n/v
FTRE	Fortrea Holdings Inc.	Healthcare / CRO	n/v	n/v	Upgraded to Buy at Deutsche Bank	Buy (DB)
XLV	Health Care Select Sector SPDR ETF	ETF – Healthcare	—	+15.9%	Record high ~$177	—
IHE	iShares US Pharmaceuticals ETF	ETF – Pharma	—	n/v	Pure pharma exposure	—
XBI	SPDR S&P Biotech ETF	ETF – Biotech	—	n/v	Higher beta; benefits from M&A	—
IHF	iShares US Healthcare Providers ETF	ETF – Managed Care	—	n/v	UNH/CVS recovery	—

What type of market are we in: Weak, selling off

Key things for this week: Big earnings include $META, $TSLA, $NFLX, $GM and $PG. Chips remain weak: they fell for an eighth straight day, and the Nasdaq 100 lost 5.5% on the week

Are breakouts working: No

Are breakouts likely to work for the next 3 – 5 days: No, 20% study bullish is under 10 suggesting a short term bounce is likely but not likely a market to be holding positions for multiple days.

Are breakdowns likely to work for the next 3 – 5 days: No, 20% study bearish over 100 suggesting a bounce is coming, will it be a bounce or a more sustained move.

Should I be trading: SIPs, don’t expect multi day moves to hold.

Todays watchlist (stocks setting up): Nothing at the moment

$DRAM long 14/10/2026

Entry price – 51.61

SL – 50.99

Risk – 0.62 cents (just below LOD)

Time of entry – 14:36 BST

21 ADR – 1.75

Catalyst / setup – Markets gapped down on hot CPI read, which could reduce the likelihood of interest rates. Markets initially rose and the 20% bullish study was under 10 which is a bounce zone, the zCombo was bullish so took a low risk long position on a break of the opening 5m bar.

Result – No scales, fully stopped at 16:37 @ 50.99 for full loss -100%

$DRAM long 13/10/2026

Entry price – 51.64

SL – 51.30

Risk – 0.34 (just below LOD)

Time of entry – 14:32 BST

21 ADR – 1.74

Catalyst / setup – Down about 20% in approx a week and gapped down approx 5.5% at the open, memory being a key theme in the AI trade naturally will have a lot of eyes on it, my Zcombo indicator was leaning bullish from the open so took a low risk entry against the lows, risking 34 cents which I saw as a good R:R for playing an oversold bounce.

Result – Runner running, scaled 50% @ 14:39 after 1% move up at 52.01, and scaled another 50% @ 17:30 after 2% move at 52.62

Update 14/10 pre market: Runner stopped pre market on CPI print at 13:35 @ 51.30, approx 100% profit overall on the trade

SA 15/10/2026 – Money leaving the market – Very high selling pressure

Overall market trend: Bearish phase – day 25

Yesterdays market: Money leaving the market – Very high selling pressure

TC2000 McClellan: 1

Stocks above 40PMA T2108: 25

VIX: 17

52 week highs (US common stocks): 180

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: No trend

$RSP: Uptrend

$DIA: Uptrend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: No trend

$TLT: Uptrend

$USO: Up trend

$TNX: Downtrend

$GLD: No trend

$SLV: Downtrend

$SLX: No trend

2%+ sectors yesterday:

$XLV +2.53%
$XLP +2.22%

2%- sectors yesterday:

$XTL -4.17%
$SMH -3.98%
$TAN -3.92%
$HACK -3.71%
$JETS -3.58%
$IGV -3.00%
$XLK -2.98%

Main sectors monthly trailing:

Leading – $XLE $XLV
Lagging – $XLF $XLI

Sub sectors monthly trailing:

Leading – $SMH $HACK
Lagging – $TAN $JETS

Bitcoin: 82k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Theme 1: Oil Supply Shock — Refiners, Tankers & Crude Producers

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
VLO	Valero Energy Corporation	Energy / Refining & Marketing	$433.75	$134B	+160%	Gulf Coast crack spreads widen on Isaias outages; Q3 earnings late Oct	Moderate Buy; PT: verify
MPC	Marathon Petroleum Corporation	Energy / Refining & Marketing	$455.03	$135B	+170%	Record refining margins; heavy buybacks; Q3 earnings early Nov	Moderate Buy; PT: verify
PSX	Phillips 66	Energy / Refining & Midstream	$278.18	$112B	+105%	Refining plus midstream leverage to tight fuel markets; Q3 late Oct	Moderate Buy; PT: verify
PBF	PBF Energy Inc.	Energy / Refining	$84.85	$9.8B	+200%	Highest-beta refiner; on top bullish-signal scans (RS 98)	Hold; PT: verify
DINO	HF Sinclair Corporation	Energy / Refining	$121.30	$22B	+160%	Inland refining margins; Q3 earnings early Nov	Moderate Buy; PT: verify
XOM	Exxon Mobil Corporation	Energy / Integrated Oil	$168.94	$720B	+40%	Brent near $100; Guyana volumes; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
CVX	Chevron Corporation	Energy / Integrated Oil	$211.98	$425B	+40%	Hess/Guyana integration; cash returns; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
COP	ConocoPhillips	Energy / Exploration & Production	$134.10	$167B	+50%	Largest pure-play exploration & production leverage to crude; Q3 early Nov	Moderate Buy; PT: verify
APA	APA Corporation	Energy / Exploration & Production	$46.03	$16B	+90%	Among the top S&P 500 performers of 2026; Egypt gas and North Sea exposure	Hold; PT: verify
OXY	Occidental Petroleum Corporation	Energy / Exploration & Production	$60.11	$59B	+45%	Permian oil leverage; debt reduction	Hold; PT: verify
FRO	Frontline plc	Marine Shipping / Crude Tankers	$56.10	$12.5B	+150%	Very large crude carrier (VLCC) rates spike on Hormuz rerouting and war-risk premiums	Buy; PT: verify
STNG	Scorpio Tankers Inc.	Marine Shipping / Product Tankers	$85.14	$4.3B	+65%	Product tanker demand from diesel arbitrage and Gulf refinery outages	Buy; PT: verify
INSW	International Seaways, Inc.	Marine Shipping / Crude & Product Tankers	$119.82	$5.9B	+145%	Mixed crude and product fleet; spot rate exposure	Buy; PT: verify
ECO	Okeanis Eco Tankers Corp.	Marine Shipping / Crude Tankers	$93.11	$3.0B	+200%	#4 bullish signal on 8 Oct (RSI 77, +33% in one month)	Buy; PT: verify
TK	Teekay Corporation Ltd.	Marine Shipping / Tankers	$15.27	$1.3B	+65%	#2 bullish signal on 8 Oct; holding company exposure to tanker spot rates	Hold; PT: verify
ETF XLE	Energy Select Sector SPDR	Energy sector	—	—	+37.6% (to 2 Oct)	Broad energy	—
ETF XOP	SPDR S&P Oil & Gas Exploration & Production	Exploration & production	—	—	—	Upstream beta	—
ETF CRAK	VanEck Oil Refiners ETF	Global refiners	—	—	—	Pure refining	—
ETF OIH	VanEck Oil Services ETF	Oilfield services	—	—	—	Capital spending follow-through	—

Theme 2: AI Power & Nuclear Grid Buildout

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
CEG	Constellation Energy Corporation	Utilities / Nuclear Independent Power Producer	$298.07	$108B	−15%	Google 890 MW 20-year plus 2.7 GW 15-year deals; Amazon deal; Q3 early Nov	Buy; PT ≈ $342
VST	Vistra Corp.	Utilities / Independent Power Producer	$161.48	$55B	≈0%	Reported $4B federal nuclear loan; Cogentrix acquisition	Moderate Buy; PT: verify
TLN	Talen Energy Corporation	Utilities / Independent Power Producer	$378.57	$17B	≈0%	Susquehanna nuclear plant supply to an Amazon (AWS) data center campus	Buy; PT: verify
NRG	NRG Energy, Inc.	Utilities / Independent Power Producer	$107.97	$23B	−30%	Texas grid data center load; gas fleet expansion	Moderate Buy; PT: verify
GEV	GE Vernova Inc.	Industrials / Power Equipment	$1,004.73	$273B	+55%	Gas turbine and grid backlog; small modular reactors; Q3 earnings ~22 Oct	Moderate Buy; PT ≈ $1,133
BE	Bloom Energy Corporation	Industrials / Fuel Cells	$280.50	$66B	+180%	Oracle Project Jupiter fuel cells (up to 2.45 GW); Q3 late Oct	Moderate Buy; PT: verify
OKLO	Oklo Inc.	Utilities / Small Modular Reactors	$34.70	$5.6B	−50%	Nuclear Regulatory Commission licensing milestones; Switch 12 GW agreement	Moderate Buy; PT: verify
SMR	NuScale Power Corporation	Industrials / Small Modular Reactors	$7.20	$2.2B	−55%	Certified small modular reactor design; deal-flow optionality	Hold; PT: verify
CCJ	Cameco Corporation	Materials / Uranium	$88.06	$38B	≈0%	Uranium contracting; Westinghouse stake	Buy; PT: verify
LEU	Centrus Energy Corp.	Materials / Nuclear Fuel Enrichment	$142.44	$2.7B	−45%	Enrichment capacity for low-enriched and high-assay fuel; Department of Energy funding	Moderate Buy; PT: verify
BWXT	BWX Technologies, Inc.	Industrials / Nuclear Components	$143.83	$13B	−15%	Naval reactors; advanced reactor fuel	Moderate Buy; PT: verify
PWR	Quanta Services, Inc.	Industrials / Grid Construction	$705.94	$105B	+65%	Transmission buildout for nuclear uprates and data centers; Q3 late Oct	Moderate Buy; PT: verify
ETN	Eaton Corporation plc	Industrials / Electrical Equipment	$429.65	$168B	+30%	Data center power distribution; Q3 early Nov	Moderate Buy; PT: verify
NEE	NextEra Energy, Inc.	Utilities / Regulated + Renewables	$77.38	$159B	−3%	Duane Arnold nuclear restart for Google	Moderate Buy; PT: verify
ETR	Entergy Corporation	Utilities / Regulated	$102.80	$46B	+10%	Flipped bullish on the turnaround scans; Gulf South data center load growth	Moderate Buy; PT: verify
ETF URA	Global X Uranium ETF	Uranium & nuclear	—	—	—	Nuclear beta	—
ETF NLR	VanEck Uranium & Nuclear ETF	Nuclear utilities & fuel	—	—	—	Lower-volatility nuclear	—
ETF NUKZ	Range Nuclear Renaissance ETF	Nuclear buildout	—	—	—	Small modular reactors and supply chain	—
ETF GRID	First Trust Clean Edge Smart Grid ETF	Grid infrastructure	—	—	—	Electrification	—
ETF XLU	Utilities Select Sector SPDR	Utilities	—	—	−7.8% (to 2 Oct)	Broad utilities	—

What type of market are we in: Selling off

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: Maybe

Should I be trading: Hot CPI report seemed to kick off a tech sell off, markets getting hit hard and hitting numerous oversold levels. Expect a bounce in the coming days ideally see a 1000+ buying day. Earnings season picking up. Current market not for my style of trading.

Todays watchlist (stocks setting up): Nothing at the moment

SA 14/10/2026 – Money leaving the market – High selling pressure

Overall market trend: Bearish phase – day 24

Yesterdays market: Money leaving the market – High selling pressure

TC2000 McClellan: 43

Stocks above 40PMA T2108: 29

VIX: 15

52 week highs (US common stocks): 193

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: Uptrend

$RSP: Uptrend

$DIA: Uptrend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: No trend

$USO: Up trend

$TNX: No trend

$GLD: No trend

$SLV: Downtrend

$SLX: No trend

2%+ sectors yesterday:

$TAN +2.07%

2%- sectors yesterday:

$IBB -2.08%

Main sectors monthly trailing:

Leading – $XLE $XLK
Lagging – $XLF $XLB

Sub sectors monthly trailing:

Leading – $IGV $HACK
Lagging – $TAN $KRE

Bitcoin: 84k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Theme 1: Oil Supply Shock — Refiners, Tankers & Crude Producers

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
VLO	Valero Energy Corporation	Energy / Refining & Marketing	$433.75	$134B	+160%	Gulf Coast crack spreads widen on Isaias outages; Q3 earnings late Oct	Moderate Buy; PT: verify
MPC	Marathon Petroleum Corporation	Energy / Refining & Marketing	$455.03	$135B	+170%	Record refining margins; heavy buybacks; Q3 earnings early Nov	Moderate Buy; PT: verify
PSX	Phillips 66	Energy / Refining & Midstream	$278.18	$112B	+105%	Refining plus midstream leverage to tight fuel markets; Q3 late Oct	Moderate Buy; PT: verify
PBF	PBF Energy Inc.	Energy / Refining	$84.85	$9.8B	+200%	Highest-beta refiner; on top bullish-signal scans (RS 98)	Hold; PT: verify
DINO	HF Sinclair Corporation	Energy / Refining	$121.30	$22B	+160%	Inland refining margins; Q3 earnings early Nov	Moderate Buy; PT: verify
XOM	Exxon Mobil Corporation	Energy / Integrated Oil	$168.94	$720B	+40%	Brent near $100; Guyana volumes; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
CVX	Chevron Corporation	Energy / Integrated Oil	$211.98	$425B	+40%	Hess/Guyana integration; cash returns; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
COP	ConocoPhillips	Energy / Exploration & Production	$134.10	$167B	+50%	Largest pure-play exploration & production leverage to crude; Q3 early Nov	Moderate Buy; PT: verify
APA	APA Corporation	Energy / Exploration & Production	$46.03	$16B	+90%	Among the top S&P 500 performers of 2026; Egypt gas and North Sea exposure	Hold; PT: verify
OXY	Occidental Petroleum Corporation	Energy / Exploration & Production	$60.11	$59B	+45%	Permian oil leverage; debt reduction	Hold; PT: verify
FRO	Frontline plc	Marine Shipping / Crude Tankers	$56.10	$12.5B	+150%	Very large crude carrier (VLCC) rates spike on Hormuz rerouting and war-risk premiums	Buy; PT: verify
STNG	Scorpio Tankers Inc.	Marine Shipping / Product Tankers	$85.14	$4.3B	+65%	Product tanker demand from diesel arbitrage and Gulf refinery outages	Buy; PT: verify
INSW	International Seaways, Inc.	Marine Shipping / Crude & Product Tankers	$119.82	$5.9B	+145%	Mixed crude and product fleet; spot rate exposure	Buy; PT: verify
ECO	Okeanis Eco Tankers Corp.	Marine Shipping / Crude Tankers	$93.11	$3.0B	+200%	#4 bullish signal on 8 Oct (RSI 77, +33% in one month)	Buy; PT: verify
TK	Teekay Corporation Ltd.	Marine Shipping / Tankers	$15.27	$1.3B	+65%	#2 bullish signal on 8 Oct; holding company exposure to tanker spot rates	Hold; PT: verify
ETF XLE	Energy Select Sector SPDR	Energy sector	—	—	+37.6% (to 2 Oct)	Broad energy	—
ETF XOP	SPDR S&P Oil & Gas Exploration & Production	Exploration & production	—	—	—	Upstream beta	—
ETF CRAK	VanEck Oil Refiners ETF	Global refiners	—	—	—	Pure refining	—
ETF OIH	VanEck Oil Services ETF	Oilfield services	—	—	—	Capital spending follow-through	—

Theme 2: AI Power & Nuclear Grid Buildout

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
CEG	Constellation Energy Corporation	Utilities / Nuclear Independent Power Producer	$298.07	$108B	−15%	Google 890 MW 20-year plus 2.7 GW 15-year deals; Amazon deal; Q3 early Nov	Buy; PT ≈ $342
VST	Vistra Corp.	Utilities / Independent Power Producer	$161.48	$55B	≈0%	Reported $4B federal nuclear loan; Cogentrix acquisition	Moderate Buy; PT: verify
TLN	Talen Energy Corporation	Utilities / Independent Power Producer	$378.57	$17B	≈0%	Susquehanna nuclear plant supply to an Amazon (AWS) data center campus	Buy; PT: verify
NRG	NRG Energy, Inc.	Utilities / Independent Power Producer	$107.97	$23B	−30%	Texas grid data center load; gas fleet expansion	Moderate Buy; PT: verify
GEV	GE Vernova Inc.	Industrials / Power Equipment	$1,004.73	$273B	+55%	Gas turbine and grid backlog; small modular reactors; Q3 earnings ~22 Oct	Moderate Buy; PT ≈ $1,133
BE	Bloom Energy Corporation	Industrials / Fuel Cells	$280.50	$66B	+180%	Oracle Project Jupiter fuel cells (up to 2.45 GW); Q3 late Oct	Moderate Buy; PT: verify
OKLO	Oklo Inc.	Utilities / Small Modular Reactors	$34.70	$5.6B	−50%	Nuclear Regulatory Commission licensing milestones; Switch 12 GW agreement	Moderate Buy; PT: verify
SMR	NuScale Power Corporation	Industrials / Small Modular Reactors	$7.20	$2.2B	−55%	Certified small modular reactor design; deal-flow optionality	Hold; PT: verify
CCJ	Cameco Corporation	Materials / Uranium	$88.06	$38B	≈0%	Uranium contracting; Westinghouse stake	Buy; PT: verify
LEU	Centrus Energy Corp.	Materials / Nuclear Fuel Enrichment	$142.44	$2.7B	−45%	Enrichment capacity for low-enriched and high-assay fuel; Department of Energy funding	Moderate Buy; PT: verify
BWXT	BWX Technologies, Inc.	Industrials / Nuclear Components	$143.83	$13B	−15%	Naval reactors; advanced reactor fuel	Moderate Buy; PT: verify
PWR	Quanta Services, Inc.	Industrials / Grid Construction	$705.94	$105B	+65%	Transmission buildout for nuclear uprates and data centers; Q3 late Oct	Moderate Buy; PT: verify
ETN	Eaton Corporation plc	Industrials / Electrical Equipment	$429.65	$168B	+30%	Data center power distribution; Q3 early Nov	Moderate Buy; PT: verify
NEE	NextEra Energy, Inc.	Utilities / Regulated + Renewables	$77.38	$159B	−3%	Duane Arnold nuclear restart for Google	Moderate Buy; PT: verify
ETR	Entergy Corporation	Utilities / Regulated	$102.80	$46B	+10%	Flipped bullish on the turnaround scans; Gulf South data center load growth	Moderate Buy; PT: verify
ETF URA	Global X Uranium ETF	Uranium & nuclear	—	—	—	Nuclear beta	—
ETF NLR	VanEck Uranium & Nuclear ETF	Nuclear utilities & fuel	—	—	—	Lower-volatility nuclear	—
ETF NUKZ	Range Nuclear Renaissance ETF	Nuclear buildout	—	—	—	Small modular reactors and supply chain	—
ETF GRID	First Trust Clean Edge Smart Grid ETF	Grid infrastructure	—	—	—	Electrification	—
ETF XLU	Utilities Select Sector SPDR	Utilities	—	—	−7.8% (to 2 Oct)	Broad utilities	—

What type of market are we in: Choppy

Are breakouts working: Selectively

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

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

Should I be trading: Earnings season started should provide some catalysts and potentially move the market out of the current chop phase. EP9 and SIPs with catalysts. 20% study bullish under 10 so in the bounce area.

Todays watchlist (stocks setting up): Nothing at the moment

SA 13/10/2026 – Money leaving the market – High selling pressure

Overall market trend: Bearish phase – day 23

Yesterdays market: Money leaving the market – High selling pressure

TC2000 McClellan: 31

Stocks above 40PMA T2108: 27

VIX: 15

52 week highs (US common stocks): 192

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: Uptrend

$RSP: Uptrend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: No trend

$USO: No trend

$TNX: No trend

$GLD: No trend

$SLV: No trend

$SLX: No trend

2%+ sectors yesterday:

None

2%- sectors yesterday:

$HACK -2.69%
$XTL -2.23%
$SMH -2.05%

Main sectors monthly trailing:

Leading – $XLV $XLK
Lagging – $XLF $XLB

Sub sectors monthly trailing:

Leading – $SMH $HACK
Lagging – $TAN $KRE

Bitcoin: 84k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Theme 1: Oil Supply Shock — Refiners, Tankers & Crude Producers

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
VLO	Valero Energy Corporation	Energy / Refining & Marketing	$433.75	$134B	+160%	Gulf Coast crack spreads widen on Isaias outages; Q3 earnings late Oct	Moderate Buy; PT: verify
MPC	Marathon Petroleum Corporation	Energy / Refining & Marketing	$455.03	$135B	+170%	Record refining margins; heavy buybacks; Q3 earnings early Nov	Moderate Buy; PT: verify
PSX	Phillips 66	Energy / Refining & Midstream	$278.18	$112B	+105%	Refining plus midstream leverage to tight fuel markets; Q3 late Oct	Moderate Buy; PT: verify
PBF	PBF Energy Inc.	Energy / Refining	$84.85	$9.8B	+200%	Highest-beta refiner; on top bullish-signal scans (RS 98)	Hold; PT: verify
DINO	HF Sinclair Corporation	Energy / Refining	$121.30	$22B	+160%	Inland refining margins; Q3 earnings early Nov	Moderate Buy; PT: verify
XOM	Exxon Mobil Corporation	Energy / Integrated Oil	$168.94	$720B	+40%	Brent near $100; Guyana volumes; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
CVX	Chevron Corporation	Energy / Integrated Oil	$211.98	$425B	+40%	Hess/Guyana integration; cash returns; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
COP	ConocoPhillips	Energy / Exploration & Production	$134.10	$167B	+50%	Largest pure-play exploration & production leverage to crude; Q3 early Nov	Moderate Buy; PT: verify
APA	APA Corporation	Energy / Exploration & Production	$46.03	$16B	+90%	Among the top S&P 500 performers of 2026; Egypt gas and North Sea exposure	Hold; PT: verify
OXY	Occidental Petroleum Corporation	Energy / Exploration & Production	$60.11	$59B	+45%	Permian oil leverage; debt reduction	Hold; PT: verify
FRO	Frontline plc	Marine Shipping / Crude Tankers	$56.10	$12.5B	+150%	Very large crude carrier (VLCC) rates spike on Hormuz rerouting and war-risk premiums	Buy; PT: verify
STNG	Scorpio Tankers Inc.	Marine Shipping / Product Tankers	$85.14	$4.3B	+65%	Product tanker demand from diesel arbitrage and Gulf refinery outages	Buy; PT: verify
INSW	International Seaways, Inc.	Marine Shipping / Crude & Product Tankers	$119.82	$5.9B	+145%	Mixed crude and product fleet; spot rate exposure	Buy; PT: verify
ECO	Okeanis Eco Tankers Corp.	Marine Shipping / Crude Tankers	$93.11	$3.0B	+200%	#4 bullish signal on 8 Oct (RSI 77, +33% in one month)	Buy; PT: verify
TK	Teekay Corporation Ltd.	Marine Shipping / Tankers	$15.27	$1.3B	+65%	#2 bullish signal on 8 Oct; holding company exposure to tanker spot rates	Hold; PT: verify
ETF XLE	Energy Select Sector SPDR	Energy sector	—	—	+37.6% (to 2 Oct)	Broad energy	—
ETF XOP	SPDR S&P Oil & Gas Exploration & Production	Exploration & production	—	—	—	Upstream beta	—
ETF CRAK	VanEck Oil Refiners ETF	Global refiners	—	—	—	Pure refining	—
ETF OIH	VanEck Oil Services ETF	Oilfield services	—	—	—	Capital spending follow-through	—

Theme 2: AI Power & Nuclear Grid Buildout

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
CEG	Constellation Energy Corporation	Utilities / Nuclear Independent Power Producer	$298.07	$108B	−15%	Google 890 MW 20-year plus 2.7 GW 15-year deals; Amazon deal; Q3 early Nov	Buy; PT ≈ $342
VST	Vistra Corp.	Utilities / Independent Power Producer	$161.48	$55B	≈0%	Reported $4B federal nuclear loan; Cogentrix acquisition	Moderate Buy; PT: verify
TLN	Talen Energy Corporation	Utilities / Independent Power Producer	$378.57	$17B	≈0%	Susquehanna nuclear plant supply to an Amazon (AWS) data center campus	Buy; PT: verify
NRG	NRG Energy, Inc.	Utilities / Independent Power Producer	$107.97	$23B	−30%	Texas grid data center load; gas fleet expansion	Moderate Buy; PT: verify
GEV	GE Vernova Inc.	Industrials / Power Equipment	$1,004.73	$273B	+55%	Gas turbine and grid backlog; small modular reactors; Q3 earnings ~22 Oct	Moderate Buy; PT ≈ $1,133
BE	Bloom Energy Corporation	Industrials / Fuel Cells	$280.50	$66B	+180%	Oracle Project Jupiter fuel cells (up to 2.45 GW); Q3 late Oct	Moderate Buy; PT: verify
OKLO	Oklo Inc.	Utilities / Small Modular Reactors	$34.70	$5.6B	−50%	Nuclear Regulatory Commission licensing milestones; Switch 12 GW agreement	Moderate Buy; PT: verify
SMR	NuScale Power Corporation	Industrials / Small Modular Reactors	$7.20	$2.2B	−55%	Certified small modular reactor design; deal-flow optionality	Hold; PT: verify
CCJ	Cameco Corporation	Materials / Uranium	$88.06	$38B	≈0%	Uranium contracting; Westinghouse stake	Buy; PT: verify
LEU	Centrus Energy Corp.	Materials / Nuclear Fuel Enrichment	$142.44	$2.7B	−45%	Enrichment capacity for low-enriched and high-assay fuel; Department of Energy funding	Moderate Buy; PT: verify
BWXT	BWX Technologies, Inc.	Industrials / Nuclear Components	$143.83	$13B	−15%	Naval reactors; advanced reactor fuel	Moderate Buy; PT: verify
PWR	Quanta Services, Inc.	Industrials / Grid Construction	$705.94	$105B	+65%	Transmission buildout for nuclear uprates and data centers; Q3 late Oct	Moderate Buy; PT: verify
ETN	Eaton Corporation plc	Industrials / Electrical Equipment	$429.65	$168B	+30%	Data center power distribution; Q3 early Nov	Moderate Buy; PT: verify
NEE	NextEra Energy, Inc.	Utilities / Regulated + Renewables	$77.38	$159B	−3%	Duane Arnold nuclear restart for Google	Moderate Buy; PT: verify
ETR	Entergy Corporation	Utilities / Regulated	$102.80	$46B	+10%	Flipped bullish on the turnaround scans; Gulf South data center load growth	Moderate Buy; PT: verify
ETF URA	Global X Uranium ETF	Uranium & nuclear	—	—	—	Nuclear beta	—
ETF NLR	VanEck Uranium & Nuclear ETF	Nuclear utilities & fuel	—	—	—	Lower-volatility nuclear	—
ETF NUKZ	Range Nuclear Renaissance ETF	Nuclear buildout	—	—	—	Small modular reactors and supply chain	—
ETF GRID	First Trust Clean Edge Smart Grid ETF	Grid infrastructure	—	—	—	Electrification	—
ETF XLU	Utilities Select Sector SPDR	Utilities	—	—	−7.8% (to 2 Oct)	Broad utilities	—

What type of market are we in: Choppy

Are breakouts working: Selectively

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

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

Should I be trading: Earnings season starts today with the banks should provide some catalysts and potentially move the market out of the current chop phase. EP9 and SIPs with catalysts. 20% study bullish is 9 so in the bounce area.

Todays watchlist (stocks setting up): $HOOD $MSTR

SA 12/10/2026 – Money entering the market – Normal buying pressure

Overall market trend: Bearish phase – day 22

Fridays market: Money entering the market – Normal buying pressure

TC2000 McClellan: 21

Stocks above 40PMA T2108: 25

VIX: 15

52 week highs (US common stocks): 199

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX Downtrend

$QQQ: Uptrend

$SPY: Uptrend

$RSP: Uptrend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: No trend

$USO: No trend

$TNX: No trend

$GLD: No trend

$SLV: No trend

$SLX: No trend

2%+ sectors Friday:

$HACK +4.32%
$IBB +3.00%
$IGV +2.81%

2%- sectors Friday:

None

Main sectors monthly trailing:

Leading – $XLV $XLK
Lagging – $XLF $XLB

Sub sectors monthly trailing:

Leading – $IGV $HACK
Lagging – $TAN $KRE

Bitcoin: 84k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Theme 1: Oil Supply Shock — Refiners, Tankers & Crude Producers

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
VLO	Valero Energy Corporation	Energy / Refining & Marketing	$433.75	$134B	+160%	Gulf Coast crack spreads widen on Isaias outages; Q3 earnings late Oct	Moderate Buy; PT: verify
MPC	Marathon Petroleum Corporation	Energy / Refining & Marketing	$455.03	$135B	+170%	Record refining margins; heavy buybacks; Q3 earnings early Nov	Moderate Buy; PT: verify
PSX	Phillips 66	Energy / Refining & Midstream	$278.18	$112B	+105%	Refining plus midstream leverage to tight fuel markets; Q3 late Oct	Moderate Buy; PT: verify
PBF	PBF Energy Inc.	Energy / Refining	$84.85	$9.8B	+200%	Highest-beta refiner; on top bullish-signal scans (RS 98)	Hold; PT: verify
DINO	HF Sinclair Corporation	Energy / Refining	$121.30	$22B	+160%	Inland refining margins; Q3 earnings early Nov	Moderate Buy; PT: verify
XOM	Exxon Mobil Corporation	Energy / Integrated Oil	$168.94	$720B	+40%	Brent near $100; Guyana volumes; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
CVX	Chevron Corporation	Energy / Integrated Oil	$211.98	$425B	+40%	Hess/Guyana integration; cash returns; Q3 earnings ~30 Oct	Moderate Buy; PT: verify
COP	ConocoPhillips	Energy / Exploration & Production	$134.10	$167B	+50%	Largest pure-play exploration & production leverage to crude; Q3 early Nov	Moderate Buy; PT: verify
APA	APA Corporation	Energy / Exploration & Production	$46.03	$16B	+90%	Among the top S&P 500 performers of 2026; Egypt gas and North Sea exposure	Hold; PT: verify
OXY	Occidental Petroleum Corporation	Energy / Exploration & Production	$60.11	$59B	+45%	Permian oil leverage; debt reduction	Hold; PT: verify
FRO	Frontline plc	Marine Shipping / Crude Tankers	$56.10	$12.5B	+150%	Very large crude carrier (VLCC) rates spike on Hormuz rerouting and war-risk premiums	Buy; PT: verify
STNG	Scorpio Tankers Inc.	Marine Shipping / Product Tankers	$85.14	$4.3B	+65%	Product tanker demand from diesel arbitrage and Gulf refinery outages	Buy; PT: verify
INSW	International Seaways, Inc.	Marine Shipping / Crude & Product Tankers	$119.82	$5.9B	+145%	Mixed crude and product fleet; spot rate exposure	Buy; PT: verify
ECO	Okeanis Eco Tankers Corp.	Marine Shipping / Crude Tankers	$93.11	$3.0B	+200%	#4 bullish signal on 8 Oct (RSI 77, +33% in one month)	Buy; PT: verify
TK	Teekay Corporation Ltd.	Marine Shipping / Tankers	$15.27	$1.3B	+65%	#2 bullish signal on 8 Oct; holding company exposure to tanker spot rates	Hold; PT: verify
ETF XLE	Energy Select Sector SPDR	Energy sector	—	—	+37.6% (to 2 Oct)	Broad energy	—
ETF XOP	SPDR S&P Oil & Gas Exploration & Production	Exploration & production	—	—	—	Upstream beta	—
ETF CRAK	VanEck Oil Refiners ETF	Global refiners	—	—	—	Pure refining	—
ETF OIH	VanEck Oil Services ETF	Oilfield services	—	—	—	Capital spending follow-through	—

Theme 2: AI Power & Nuclear Grid Buildout

Ticker	Company Name	Sector/Industry	Price (9 Oct)	Market Cap (≈)	YTD Return (≈)	Key Catalyst	Analyst Consensus
CEG	Constellation Energy Corporation	Utilities / Nuclear Independent Power Producer	$298.07	$108B	−15%	Google 890 MW 20-year plus 2.7 GW 15-year deals; Amazon deal; Q3 early Nov	Buy; PT ≈ $342
VST	Vistra Corp.	Utilities / Independent Power Producer	$161.48	$55B	≈0%	Reported $4B federal nuclear loan; Cogentrix acquisition	Moderate Buy; PT: verify
TLN	Talen Energy Corporation	Utilities / Independent Power Producer	$378.57	$17B	≈0%	Susquehanna nuclear plant supply to an Amazon (AWS) data center campus	Buy; PT: verify
NRG	NRG Energy, Inc.	Utilities / Independent Power Producer	$107.97	$23B	−30%	Texas grid data center load; gas fleet expansion	Moderate Buy; PT: verify
GEV	GE Vernova Inc.	Industrials / Power Equipment	$1,004.73	$273B	+55%	Gas turbine and grid backlog; small modular reactors; Q3 earnings ~22 Oct	Moderate Buy; PT ≈ $1,133
BE	Bloom Energy Corporation	Industrials / Fuel Cells	$280.50	$66B	+180%	Oracle Project Jupiter fuel cells (up to 2.45 GW); Q3 late Oct	Moderate Buy; PT: verify
OKLO	Oklo Inc.	Utilities / Small Modular Reactors	$34.70	$5.6B	−50%	Nuclear Regulatory Commission licensing milestones; Switch 12 GW agreement	Moderate Buy; PT: verify
SMR	NuScale Power Corporation	Industrials / Small Modular Reactors	$7.20	$2.2B	−55%	Certified small modular reactor design; deal-flow optionality	Hold; PT: verify
CCJ	Cameco Corporation	Materials / Uranium	$88.06	$38B	≈0%	Uranium contracting; Westinghouse stake	Buy; PT: verify
LEU	Centrus Energy Corp.	Materials / Nuclear Fuel Enrichment	$142.44	$2.7B	−45%	Enrichment capacity for low-enriched and high-assay fuel; Department of Energy funding	Moderate Buy; PT: verify
BWXT	BWX Technologies, Inc.	Industrials / Nuclear Components	$143.83	$13B	−15%	Naval reactors; advanced reactor fuel	Moderate Buy; PT: verify
PWR	Quanta Services, Inc.	Industrials / Grid Construction	$705.94	$105B	+65%	Transmission buildout for nuclear uprates and data centers; Q3 late Oct	Moderate Buy; PT: verify
ETN	Eaton Corporation plc	Industrials / Electrical Equipment	$429.65	$168B	+30%	Data center power distribution; Q3 early Nov	Moderate Buy; PT: verify
NEE	NextEra Energy, Inc.	Utilities / Regulated + Renewables	$77.38	$159B	−3%	Duane Arnold nuclear restart for Google	Moderate Buy; PT: verify
ETR	Entergy Corporation	Utilities / Regulated	$102.80	$46B	+10%	Flipped bullish on the turnaround scans; Gulf South data center load growth	Moderate Buy; PT: verify
ETF URA	Global X Uranium ETF	Uranium & nuclear	—	—	—	Nuclear beta	—
ETF NLR	VanEck Uranium & Nuclear ETF	Nuclear utilities & fuel	—	—	—	Lower-volatility nuclear	—
ETF NUKZ	Range Nuclear Renaissance ETF	Nuclear buildout	—	—	—	Small modular reactors and supply chain	—
ETF GRID	First Trust Clean Edge Smart Grid ETF	Grid infrastructure	—	—	—	Electrification	—
ETF XLU	Utilities Select Sector SPDR	Utilities	—	—	−7.8% (to 2 Oct)	Broad utilities	—

What type of market are we in: Choppy

Are breakouts working: Selectively

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

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

Should I be trading: Start of earnings season should provide some catalysts and potentially move the market out of the current chop phase. EP9 and SIPs with catalysts.

Todays watchlist (stocks setting up): Symbols from TC2000
$PATH
$NOK
$PL
$BE
$SOXX
$META
$TQQQ
$MMED
$DRAM

SA 09/10/2026 – Money leaving the market – Normal selling pressure

Overall market trend: Bearish phase – day 21

Yesterdays market: Money leaving the market – Normal selling pressure

TC2000 McClellan: -15

Stocks above 40PMA T2108: 24

VIX: 15

52 week highs (US common stocks): 187

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX No trend

$QQQ: Uptrend

$SPY: Uptrend

$RSP: No trend

$DIA: Downtrend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: No trend

$USO: No trend

$TNX: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: No trend

2%+ sectors yesterday:

$XLE +2.97%
$XLP +2.11%

2%- sectors yesterday:

$XTL -2.89%
$SMH -2.84%

Main sectors monthly trailing:

Leading – $XLE $XLK
Lagging – $XLF $XLU

Sub sectors monthly trailing:

Leading – $IGV $HACK
Lagging – $TAN $KRE

Bitcoin: 83k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

THEME 1: AI Chip Equipment & Fab Capex Supercycle

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
AMAT	Applied Materials, Inc.	Semis – Wafer Fab Equipment	verify	~+100%	+10.95% wk; Morgan Stanley raised 2027 EPS est. to $20.92	Buy; PT verify
LRCX	Lam Research Corporation	Semis – Etch/Deposition	~$420B	verify	+10.24% wk; Micron memory capex read-across; earnings late Oct	Buy; PT verify
KLAC	KLA Corporation	Semis – Process Control	verify	+62.6%	+10.10% wk; JPM top US equipment pick	Buy; PT verify
ASML	ASML Holding N.V.	Semis – Lithography	verify	verify	Q3 results mid-Oct; EUV order intake	Buy; PT verify
TSM	Taiwan Semiconductor Manufacturing Co. Ltd.	Semis – Foundry	verify	verify	Sept monthly sales and Q3 earnings mid-Oct	Buy; PT verify
MU	Micron Technology, Inc.	Semis – Memory	~$1.2T	verify	FQ4 rev $54.2B (+379% YoY); FQ1 guide $61.5B; capex step-up	Buy; Needham PT $1,650 (Jun)
TER	Teradyne, Inc.	Semis – Test Equipment	verify	verify	HBM/AI accelerator test demand	verify
ONTO	Onto Innovation Inc.	Semis – Inspection/Metrology	verify	verify	Advanced packaging inspection	verify
NVMI	Nova Ltd.	Semis – Metrology	verify	verify	Memory/logic node transitions	verify
ENTG	Entegris, Inc.	Semis – Materials/Consumables	verify	verify	Wafer starts rising with capacity	verify
MKSI	MKS Inc.	Semis – Subsystems/Lasers	verify	verify	Tool-builder supply chain	verify
AMKR	Amkor Technology, Inc.	Semis – OSAT/Advanced Packaging	verify	verify	HBM/CoWoS-style packaging capacity	verify
FORM	FormFactor, Inc.	Semis – Probe Cards	verify	verify	HBM probe card demand	verify
ACMR	ACM Research, Inc.	Semis – Wafer Cleaning	verify	verify	Memory fab expansion	verify
CAMT	Camtek Ltd.	Semis – Inspection	verify	verify	HBM/advanced packaging inspection	verify
ETF SMH	VanEck Semiconductor ETF	ETF	~$74B AUM	+59.07% (18 Sep)	Broad semis incl. equipment	–
ETF SOXX	iShares Semiconductor ETF	ETF	verify	verify	Broad semis	–
ETF PSI	Invesco Semiconductors ETF	ETF	verify	verify	Equal-ish weight semis	–
ETF XSD	SPDR S&P Semiconductor ETF	ETF	verify	verify	Equal-weight semis	–

Theme 2: AI Optical Networking & Data-Centre Interconnect

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
LITE	Lumentum Holdings Inc.	Optical Components	~$74B	>+100%	Bernstein Outperform; FQ1 guide $1.225–1.275B	Mixed Buy/Hold; TD Cowen PT $675
COHR	Coherent Corp.	Optical Components/Lasers	~$50B	verify	PhotonLink launch; +10% on 1 Oct	Buy; Bernstein PT $350, TD Cowen $330
CIEN	Ciena Corporation	Optical Networking	~$52B	+59%	Bernstein PT $440; Evercore upgrade, PT $550	Buy; PT verify
GLW	Corning Incorporated	Fibre/Specialty Glass	verify	>+100%	+8.31% wk; Nvidia/Amazon fibre deals	Buy; PT verify
ANET	Arista Networks, Inc.	Data-Centre Networking	verify	verify	Bernstein Outperform initiation	Buy; TD Cowen PT $170 (Mar)
CSCO	Cisco Systems, Inc.	Networking Equipment	~$440B	~+46% (Jul)	+2.8% on 2 Oct; climbing AI networking orders	Buy; PT verify
AVGO	Broadcom Inc.	Semis – Networking/Custom AI	verify	verify	+3.35% on 2 Oct; AI chip funding headline	Buy; PT verify
MRVL	Marvell Technology, Inc.	Semis – Optical DSP/Custom AI	verify	verify	Optical DSPs; top optics ETF holding	Buy; PT verify
CRDO	Credo Technology Group Holding Ltd	Semis – Connectivity	verify	verify	Active electrical cables, AI scale-out	verify
FN	Fabrinet	Optical Manufacturing (EMS)	verify	verify	Builds transceivers for optics leaders	verify
AAOI	Applied Optoelectronics, Inc.	Optical Transceivers	verify	verify	Hyperscaler transceiver ramp	verify
ALAB	Astera Labs, Inc.	Semis – AI Connectivity	verify	verify	PCIe/CXL scale-up fabric	verify
CLS	Celestica Inc.	EMS – Networking Hardware	verify	verify	Hyperscaler switch builds	verify
MTSI	MACOM Technology Solutions Holdings, Inc.	Semis – Analog/Optical	verify	verify	800G/1.6T optical drivers	verify
NOK	Nokia Oyj	Optical/Telecom Networking	verify	verify	Data-centre interconnect via Infinera	verify
ETF LYTE	Optical networking ETF (launched 2026)	ETF	verify	verify	Pure-play optics; +4% on 1 Oct	–
ETF LAZR	Optical/photonics ETF (launched 2026)	ETF	verify	verify	Pure-play optics	–
ETF IGN	iShares North American Tech-Multimedia Networking ETF	ETF	verify	verify	Networking equipment	–

What type of market are we in: Choppy

Are breakouts working: Selectively

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

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

Should I be trading: Tech sold off on ChatGPT revenue concerns, market remains choppy, earnings season start next week which should help the market find some direction.

Todays watchlist (stocks setting up): Symbols from TC2000
$MMED
$SOXX
$Z
$DRAM
$PLTR
$BE
$NOW
$TQQQ
$HPQ
$PATH
$CCC
$META
$TTD

SA 08/10/2026 – Money leaving the market – Normal selling pressure

Overall market trend: Bearish phase – day 20

Yesterdays market: Money leaving the market – Normal selling pressure

TC2000 McClellan: -28

Stocks above 40PMA T2108: 21

VIX: 15

52 week highs (US common stocks): 169

Seasonality: The historical case: October is the midterm year’s best month

The key difference from the template.

Indices:

$SOXX Uptrend

$QQQ: Uptrend

$SPY: Uptrend

$RSP: No trend

$DIA: No trend

$IWM: No trend

$BTC: Downtrend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: Downtrend

$USO: No trend

$GLD: Downtrend

$SLV: Downtrend

$SLX: No trend

2%+ sectors yesterday:

None

2%- sectors yesterday:

$XLI -2.18%

Main sectors monthly trailing:

Leading – $XLE $XLK
Lagging – $XLF $XLB

Sub sectors monthly trailing:

Leading – $SMH $HACK
Lagging – $TAN $KRE

Bitcoin: 83k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

THEME 1: AI Chip Equipment & Fab Capex Supercycle

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
AMAT	Applied Materials, Inc.	Semis – Wafer Fab Equipment	verify	~+100%	+10.95% wk; Morgan Stanley raised 2027 EPS est. to $20.92	Buy; PT verify
LRCX	Lam Research Corporation	Semis – Etch/Deposition	~$420B	verify	+10.24% wk; Micron memory capex read-across; earnings late Oct	Buy; PT verify
KLAC	KLA Corporation	Semis – Process Control	verify	+62.6%	+10.10% wk; JPM top US equipment pick	Buy; PT verify
ASML	ASML Holding N.V.	Semis – Lithography	verify	verify	Q3 results mid-Oct; EUV order intake	Buy; PT verify
TSM	Taiwan Semiconductor Manufacturing Co. Ltd.	Semis – Foundry	verify	verify	Sept monthly sales and Q3 earnings mid-Oct	Buy; PT verify
MU	Micron Technology, Inc.	Semis – Memory	~$1.2T	verify	FQ4 rev $54.2B (+379% YoY); FQ1 guide $61.5B; capex step-up	Buy; Needham PT $1,650 (Jun)
TER	Teradyne, Inc.	Semis – Test Equipment	verify	verify	HBM/AI accelerator test demand	verify
ONTO	Onto Innovation Inc.	Semis – Inspection/Metrology	verify	verify	Advanced packaging inspection	verify
NVMI	Nova Ltd.	Semis – Metrology	verify	verify	Memory/logic node transitions	verify
ENTG	Entegris, Inc.	Semis – Materials/Consumables	verify	verify	Wafer starts rising with capacity	verify
MKSI	MKS Inc.	Semis – Subsystems/Lasers	verify	verify	Tool-builder supply chain	verify
AMKR	Amkor Technology, Inc.	Semis – OSAT/Advanced Packaging	verify	verify	HBM/CoWoS-style packaging capacity	verify
FORM	FormFactor, Inc.	Semis – Probe Cards	verify	verify	HBM probe card demand	verify
ACMR	ACM Research, Inc.	Semis – Wafer Cleaning	verify	verify	Memory fab expansion	verify
CAMT	Camtek Ltd.	Semis – Inspection	verify	verify	HBM/advanced packaging inspection	verify
ETF SMH	VanEck Semiconductor ETF	ETF	~$74B AUM	+59.07% (18 Sep)	Broad semis incl. equipment	–
ETF SOXX	iShares Semiconductor ETF	ETF	verify	verify	Broad semis	–
ETF PSI	Invesco Semiconductors ETF	ETF	verify	verify	Equal-ish weight semis	–
ETF XSD	SPDR S&P Semiconductor ETF	ETF	verify	verify	Equal-weight semis	–

Theme 2: AI Optical Networking & Data-Centre Interconnect

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
LITE	Lumentum Holdings Inc.	Optical Components	~$74B	>+100%	Bernstein Outperform; FQ1 guide $1.225–1.275B	Mixed Buy/Hold; TD Cowen PT $675
COHR	Coherent Corp.	Optical Components/Lasers	~$50B	verify	PhotonLink launch; +10% on 1 Oct	Buy; Bernstein PT $350, TD Cowen $330
CIEN	Ciena Corporation	Optical Networking	~$52B	+59%	Bernstein PT $440; Evercore upgrade, PT $550	Buy; PT verify
GLW	Corning Incorporated	Fibre/Specialty Glass	verify	>+100%	+8.31% wk; Nvidia/Amazon fibre deals	Buy; PT verify
ANET	Arista Networks, Inc.	Data-Centre Networking	verify	verify	Bernstein Outperform initiation	Buy; TD Cowen PT $170 (Mar)
CSCO	Cisco Systems, Inc.	Networking Equipment	~$440B	~+46% (Jul)	+2.8% on 2 Oct; climbing AI networking orders	Buy; PT verify
AVGO	Broadcom Inc.	Semis – Networking/Custom AI	verify	verify	+3.35% on 2 Oct; AI chip funding headline	Buy; PT verify
MRVL	Marvell Technology, Inc.	Semis – Optical DSP/Custom AI	verify	verify	Optical DSPs; top optics ETF holding	Buy; PT verify
CRDO	Credo Technology Group Holding Ltd	Semis – Connectivity	verify	verify	Active electrical cables, AI scale-out	verify
FN	Fabrinet	Optical Manufacturing (EMS)	verify	verify	Builds transceivers for optics leaders	verify
AAOI	Applied Optoelectronics, Inc.	Optical Transceivers	verify	verify	Hyperscaler transceiver ramp	verify
ALAB	Astera Labs, Inc.	Semis – AI Connectivity	verify	verify	PCIe/CXL scale-up fabric	verify
CLS	Celestica Inc.	EMS – Networking Hardware	verify	verify	Hyperscaler switch builds	verify
MTSI	MACOM Technology Solutions Holdings, Inc.	Semis – Analog/Optical	verify	verify	800G/1.6T optical drivers	verify
NOK	Nokia Oyj	Optical/Telecom Networking	verify	verify	Data-centre interconnect via Infinera	verify
ETF LYTE	Optical networking ETF (launched 2026)	ETF	verify	verify	Pure-play optics; +4% on 1 Oct	–
ETF LAZR	Optical/photonics ETF (launched 2026)	ETF	verify	verify	Pure-play optics	–
ETF IGN	iShares North American Tech-Multimedia Networking ETF	ETF	verify	verify	Networking equipment	–

What type of market are we in: Choppy

Are breakouts working: Selectively

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

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

Should I be trading: Markets & breadth pulled back yesterday on day 4 of the the bounce, still choppy market earnings season starts next week which should start to provide some good catalysts.

Todays watchlist (stocks setting up): Symbols from TC2000
$PLTR
$SOXX
$HPQ
$DRAM
$GLW
$TQQQ
$BE
$TTD
$ORCL
$PATH