Overall market trend: Bearish phase – day 1

Yesterdays market: Money leaving the market – normal selling pressure

TC2000 McClellan: -28

Stocks above 40PMA: 51

VIX: 17

52 week highs (US common stocks): 205

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX No trend

$QQQ: Downtrend

$SPY: No trend

$DIA: Downtrend

$IWM: No trend

$BTC: Uptrend

$SQQQ: Downtrend

$UVIX: No trend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Uptrend

1%+ sectors yesterday:

• $XLU +2.25%
• $XLB +1.44%
• $XLE +1.20%

1%- sectors yesterday:

• $IGV -3.05%
• $HACK -1.72%
• $JETS -1.34%
• $IBB -1.22%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLY $XLK

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 66k ish

Themes:

Cybersecurity
Biotech
Cloud Computing
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

Ticker	Company	Sector/Industry	Mkt Cap	YTD Ret.	Key Catalyst	Analyst View
NVDA	NVIDIA Corp	Semiconductors — AI GPUs	$3.4T	+13%	Blackwell ramp; $81.6B Q1 rev; Rubin platform late-2026	Strong Buy | PT ~$255
AMD	Advanced Micro Devices	Semiconductors — AI GPUs	$328B	+130%	MI400/450 ramp; $60B Meta MI400 deal; OpenAI 5-yr MI450 contract	Buy | PT ~$250
AVGO	Broadcom Inc	Semiconductors — Networking/ASICs	$1.1T	+8%	Custom AI ASIC wins; AI revenue doubling; 10th Gen XPUC	Strong Buy | PT ~$310
MU	Micron Technology	Memory — HBM/DRAM/NAND	$1T+	+700% (12mo)	Q4 FY26 guidance $50B (~20% beat); HBM3E market leader (ex-SKH)	Buy | PT ~$1,400
SKHYV	SK Hynix (ADR)	Memory — HBM Leader	$1.3T	IPO 7/10	Nasdaq debut; 56.4% HBM market share; Q1 rev +198% YoY	Strong Buy | PT ~$180
SNDK	SanDisk Corp	Memory — NAND/SSD	Large	+2,200% (since IPO)	AI storage demand; WDC spinoff trades at <1× future EPS at IPO	Buy consensus
ASML	ASML Holding	Semicon Equipment — EUV Lithography	~$375B	+38% est.	Q2 2026 earnings this week; EUV backlog capacity constrained	Buy | PT ~$1,100
AMAT	Applied Materials	Semicon Equipment	~$200B	+25% est.	Gate-all-around demand; HBM stack deposition	Buy | PT ~$260
LRCX	Lam Research	Semicon Equipment — Etch/Deposition	~$130B	+30% est.	HBM layer etch intensity; NAND recovery cycle	Buy | PT ~$1,150
MRVL	Marvell Technology	Networking/Custom Silicon	~$90B	+40% est.	AI interconnect; custom ASIC design wins at hyperscalers	Buy | PT ~$105
GEV	GE Vernova	AI Power Infrastructure — Gas Turbines	~$130B	+60%+	110 GW gas turbine backlog by YE26; raised ’26 revenue to $44.5-45.5B	Buy | PT ~$1,212
VRT	Vertiv Holdings	Data Center Power/Cooling	~$45B	+106%	Q1 rev +30% YoY; data center cooling surge; 34%+ EPS growth	Mod. Buy | PT ~$326
CAT	Caterpillar Inc	Industrials — Prime Power Gensets	~$491B	+81%	Power Gen rev +41% YoY; $2.82B Q1; largest AI data center genset supplier	Buy | PT ~$1,200
TSM	Taiwan Semiconductor	Semiconductors — Foundry	~$1T	+30% est.	Q2 2026 earnings this week; N2 ramp; NVDA/AMD sole-source fab	Buy | PT ~$250
CCJ	Cameco Corp	Uranium Mining	~$22B	+13%	Q1 EPS beat by 38%; 230M lbs LT contracts; 49% Westinghouse stake	Buy | PT ~$132
SMH	VanEck Semiconductor ETF	ETF — Semiconductor basket	ETF	+70%	Broad chip exposure; 0.35% ER; top-10 includes AMD/AVGO/MU/TSM/NVDA	—
PSI	Invesco Semiconductors ETF	ETF — Equal-weight semis	ETF	+104%	Momentum/quality factor tilt; overweight memory/equipment vs SMH	—
DRAM	Roundhill Memory ETF	ETF — Memory-focused	ETF	High	SK Hynix, Micron, SanDisk concentrated play on HBM cycle	—

What type of market are we in: Choppy

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: No

Should I be trading: EP9 and WSS main focus with a strong CAT, busy week or so with mag7 reporting, AI trade will likely follow what the big tech companies say about CAPEX spending etc.

Overall market trend: Bullish phase – day 1

Yesterdays market: Money entering the market – high buying pressure

TC2000 McClellan: -21

Stocks above 40PMA: 51

VIX: 17

52 week highs (US common stocks): 231

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX No trend

$QQQ: Downtrend

$SPY: No trend

$DIA: Downtrend

$IWM: No trend

$BTC: Uptrend

$SQQQ: No trend

$UVIX: No trend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: No trend

1%+ sectors yesterday:

• $SMH +4.52%
• $XLK +2.89%
• $XTL +2.84%
• $TAN +1.99%
• $IBB +1.49%

1%- sectors yesterday:

• $HACK -1.98%
• $IGV -1.25%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLB $XLK

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 66k ish

Themes:

Cybersecurity
Biotech
Cloud Computing
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

Ticker	Company	Sector/Industry	Mkt Cap	YTD Ret.	Key Catalyst	Analyst View
NVDA	NVIDIA Corp	Semiconductors — AI GPUs	$3.4T	+13%	Blackwell ramp; $81.6B Q1 rev; Rubin platform late-2026	Strong Buy | PT ~$255
AMD	Advanced Micro Devices	Semiconductors — AI GPUs	$328B	+130%	MI400/450 ramp; $60B Meta MI400 deal; OpenAI 5-yr MI450 contract	Buy | PT ~$250
AVGO	Broadcom Inc	Semiconductors — Networking/ASICs	$1.1T	+8%	Custom AI ASIC wins; AI revenue doubling; 10th Gen XPUC	Strong Buy | PT ~$310
MU	Micron Technology	Memory — HBM/DRAM/NAND	$1T+	+700% (12mo)	Q4 FY26 guidance $50B (~20% beat); HBM3E market leader (ex-SKH)	Buy | PT ~$1,400
SKHYV	SK Hynix (ADR)	Memory — HBM Leader	$1.3T	IPO 7/10	Nasdaq debut; 56.4% HBM market share; Q1 rev +198% YoY	Strong Buy | PT ~$180
SNDK	SanDisk Corp	Memory — NAND/SSD	Large	+2,200% (since IPO)	AI storage demand; WDC spinoff trades at <1× future EPS at IPO	Buy consensus
ASML	ASML Holding	Semicon Equipment — EUV Lithography	~$375B	+38% est.	Q2 2026 earnings this week; EUV backlog capacity constrained	Buy | PT ~$1,100
AMAT	Applied Materials	Semicon Equipment	~$200B	+25% est.	Gate-all-around demand; HBM stack deposition	Buy | PT ~$260
LRCX	Lam Research	Semicon Equipment — Etch/Deposition	~$130B	+30% est.	HBM layer etch intensity; NAND recovery cycle	Buy | PT ~$1,150
MRVL	Marvell Technology	Networking/Custom Silicon	~$90B	+40% est.	AI interconnect; custom ASIC design wins at hyperscalers	Buy | PT ~$105
GEV	GE Vernova	AI Power Infrastructure — Gas Turbines	~$130B	+60%+	110 GW gas turbine backlog by YE26; raised ’26 revenue to $44.5-45.5B	Buy | PT ~$1,212
VRT	Vertiv Holdings	Data Center Power/Cooling	~$45B	+106%	Q1 rev +30% YoY; data center cooling surge; 34%+ EPS growth	Mod. Buy | PT ~$326
CAT	Caterpillar Inc	Industrials — Prime Power Gensets	~$491B	+81%	Power Gen rev +41% YoY; $2.82B Q1; largest AI data center genset supplier	Buy | PT ~$1,200
TSM	Taiwan Semiconductor	Semiconductors — Foundry	~$1T	+30% est.	Q2 2026 earnings this week; N2 ramp; NVDA/AMD sole-source fab	Buy | PT ~$250
CCJ	Cameco Corp	Uranium Mining	~$22B	+13%	Q1 EPS beat by 38%; 230M lbs LT contracts; 49% Westinghouse stake	Buy | PT ~$132
SMH	VanEck Semiconductor ETF	ETF — Semiconductor basket	ETF	+70%	Broad chip exposure; 0.35% ER; top-10 includes AMD/AVGO/MU/TSM/NVDA	—
PSI	Invesco Semiconductors ETF	ETF — Equal-weight semis	ETF	+104%	Momentum/quality factor tilt; overweight memory/equipment vs SMH	—
DRAM	Roundhill Memory ETF	ETF — Memory-focused	ETF	High	SK Hynix, Micron, SanDisk concentrated play on HBM cycle	—

What type of market are we in: cHOPPY

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: No

Should I be trading: EP9 and WSS main focus, first of the mag 7 earnings today with $GOOG after the bell, AI trade will likely follow what the big tech companies say about CAPEX spending etc.

Overall market trend: Bearish phase – day 2

Yesterdays market: Money leaving the market – normal selling pressure

TC2000 McClellan: -37

Stocks above 40PMA: 49

VIX: 19

52 week highs (US common stocks): 180

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Downtrend

$DIA: Downtrend

$IWM: Downtrend

$BTC: Uptrend

$SQQQ: Uptrend

$UVIX: Uptrend

$TLT: No trend

$GLD: Downtrend

$SLV: No trend

$SLX: Downtrend

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $TAN -2.24%
• $IBB -1.70%
• $IYT -1.06%
• $KRE -1.04%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLB $XLK

Sub sectors monthly trailing:

• Leading – $HACK $JKRE
• Lagging – $TAN $SMH

Bitcoin: Under the 200sma at 66k ish

Themes:

Cybersecurity
Biotech
Cloud Computing
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

Ticker	Company	Sector/Industry	Mkt Cap	YTD Ret.	Key Catalyst	Analyst View
NVDA	NVIDIA Corp	Semiconductors — AI GPUs	$3.4T	+13%	Blackwell ramp; $81.6B Q1 rev; Rubin platform late-2026	Strong Buy | PT ~$255
AMD	Advanced Micro Devices	Semiconductors — AI GPUs	$328B	+130%	MI400/450 ramp; $60B Meta MI400 deal; OpenAI 5-yr MI450 contract	Buy | PT ~$250
AVGO	Broadcom Inc	Semiconductors — Networking/ASICs	$1.1T	+8%	Custom AI ASIC wins; AI revenue doubling; 10th Gen XPUC	Strong Buy | PT ~$310
MU	Micron Technology	Memory — HBM/DRAM/NAND	$1T+	+700% (12mo)	Q4 FY26 guidance $50B (~20% beat); HBM3E market leader (ex-SKH)	Buy | PT ~$1,400
SKHYV	SK Hynix (ADR)	Memory — HBM Leader	$1.3T	IPO 7/10	Nasdaq debut; 56.4% HBM market share; Q1 rev +198% YoY	Strong Buy | PT ~$180
SNDK	SanDisk Corp	Memory — NAND/SSD	Large	+2,200% (since IPO)	AI storage demand; WDC spinoff trades at <1× future EPS at IPO	Buy consensus
ASML	ASML Holding	Semicon Equipment — EUV Lithography	~$375B	+38% est.	Q2 2026 earnings this week; EUV backlog capacity constrained	Buy | PT ~$1,100
AMAT	Applied Materials	Semicon Equipment	~$200B	+25% est.	Gate-all-around demand; HBM stack deposition	Buy | PT ~$260
LRCX	Lam Research	Semicon Equipment — Etch/Deposition	~$130B	+30% est.	HBM layer etch intensity; NAND recovery cycle	Buy | PT ~$1,150
MRVL	Marvell Technology	Networking/Custom Silicon	~$90B	+40% est.	AI interconnect; custom ASIC design wins at hyperscalers	Buy | PT ~$105
GEV	GE Vernova	AI Power Infrastructure — Gas Turbines	~$130B	+60%+	110 GW gas turbine backlog by YE26; raised ’26 revenue to $44.5-45.5B	Buy | PT ~$1,212
VRT	Vertiv Holdings	Data Center Power/Cooling	~$45B	+106%	Q1 rev +30% YoY; data center cooling surge; 34%+ EPS growth	Mod. Buy | PT ~$326
CAT	Caterpillar Inc	Industrials — Prime Power Gensets	~$491B	+81%	Power Gen rev +41% YoY; $2.82B Q1; largest AI data center genset supplier	Buy | PT ~$1,200
TSM	Taiwan Semiconductor	Semiconductors — Foundry	~$1T	+30% est.	Q2 2026 earnings this week; N2 ramp; NVDA/AMD sole-source fab	Buy | PT ~$250
CCJ	Cameco Corp	Uranium Mining	~$22B	+13%	Q1 EPS beat by 38%; 230M lbs LT contracts; 49% Westinghouse stake	Buy | PT ~$132
SMH	VanEck Semiconductor ETF	ETF — Semiconductor basket	ETF	+70%	Broad chip exposure; 0.35% ER; top-10 includes AMD/AVGO/MU/TSM/NVDA	—
PSI	Invesco Semiconductors ETF	ETF — Equal-weight semis	ETF	+104%	Momentum/quality factor tilt; overweight memory/equipment vs SMH	—
DRAM	Roundhill Memory ETF	ETF — Memory-focused	ETF	High	SK Hynix, Micron, SanDisk concentrated play on HBM cycle	—

What type of market are we in: Bearish

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

Should I be trading: WSS will be my main focus and anything in EP9 ot Sugarbaby scans with an outstanding catalyst. We are day 2 into an overall bearish market phase on all indicies ETFs are in downtrends.

Overall market trend: Bullish phase – day 62

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: 16

Stocks above 40PMA: 54

VIX: 16

52 week highs (US common stocks): 252

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Uptrend

$DIA: No trend

$IWM: Downtrend

$BTC: Uptrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Downtrend

1%+ sectors yesterday:

• $JETS +1.30%
• $TAN +1.22%
• $KRE +1.04%

1%- sectors yesterday:

• $HACK -2.67%
• $XTL -2.06%
• $SMH -1.59%
• $JETS -1.19%
• $XLK -1.11%
• $XLU -1.03%

Main sectors monthly trailing:

• Leading – $IBB $XLF
• Lagging – $XLB $XLP

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 64k ish

Themes:

Semiconductors
Cybersecurity
Biotech
China Tech
Small caps
Cloud Computing
Emerging Markets
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

Ticker	Company	Sector/Industry	Mkt Cap	YTD Ret.	Key Catalyst	Analyst View
NVDA	NVIDIA Corp	Semiconductors — AI GPUs	$3.4T	+13%	Blackwell ramp; $81.6B Q1 rev; Rubin platform late-2026	Strong Buy | PT ~$255
AMD	Advanced Micro Devices	Semiconductors — AI GPUs	$328B	+130%	MI400/450 ramp; $60B Meta MI400 deal; OpenAI 5-yr MI450 contract	Buy | PT ~$250
AVGO	Broadcom Inc	Semiconductors — Networking/ASICs	$1.1T	+8%	Custom AI ASIC wins; AI revenue doubling; 10th Gen XPUC	Strong Buy | PT ~$310
MU	Micron Technology	Memory — HBM/DRAM/NAND	$1T+	+700% (12mo)	Q4 FY26 guidance $50B (~20% beat); HBM3E market leader (ex-SKH)	Buy | PT ~$1,400
SKHYV	SK Hynix (ADR)	Memory — HBM Leader	$1.3T	IPO 7/10	Nasdaq debut; 56.4% HBM market share; Q1 rev +198% YoY	Strong Buy | PT ~$180
SNDK	SanDisk Corp	Memory — NAND/SSD	Large	+2,200% (since IPO)	AI storage demand; WDC spinoff trades at <1× future EPS at IPO	Buy consensus
ASML	ASML Holding	Semicon Equipment — EUV Lithography	~$375B	+38% est.	Q2 2026 earnings this week; EUV backlog capacity constrained	Buy | PT ~$1,100
AMAT	Applied Materials	Semicon Equipment	~$200B	+25% est.	Gate-all-around demand; HBM stack deposition	Buy | PT ~$260
LRCX	Lam Research	Semicon Equipment — Etch/Deposition	~$130B	+30% est.	HBM layer etch intensity; NAND recovery cycle	Buy | PT ~$1,150
MRVL	Marvell Technology	Networking/Custom Silicon	~$90B	+40% est.	AI interconnect; custom ASIC design wins at hyperscalers	Buy | PT ~$105
GEV	GE Vernova	AI Power Infrastructure — Gas Turbines	~$130B	+60%+	110 GW gas turbine backlog by YE26; raised ’26 revenue to $44.5-45.5B	Buy | PT ~$1,212
VRT	Vertiv Holdings	Data Center Power/Cooling	~$45B	+106%	Q1 rev +30% YoY; data center cooling surge; 34%+ EPS growth	Mod. Buy | PT ~$326
CAT	Caterpillar Inc	Industrials — Prime Power Gensets	~$491B	+81%	Power Gen rev +41% YoY; $2.82B Q1; largest AI data center genset supplier	Buy | PT ~$1,200
TSM	Taiwan Semiconductor	Semiconductors — Foundry	~$1T	+30% est.	Q2 2026 earnings this week; N2 ramp; NVDA/AMD sole-source fab	Buy | PT ~$250
CCJ	Cameco Corp	Uranium Mining	~$22B	+13%	Q1 EPS beat by 38%; 230M lbs LT contracts; 49% Westinghouse stake	Buy | PT ~$132
SMH	VanEck Semiconductor ETF	ETF — Semiconductor basket	ETF	+70%	Broad chip exposure; 0.35% ER; top-10 includes AMD/AVGO/MU/TSM/NVDA	—
PSI	Invesco Semiconductors ETF	ETF — Equal-weight semis	ETF	+104%	Momentum/quality factor tilt; overweight memory/equipment vs SMH	—
DRAM	Roundhill Memory ETF	ETF — Memory-focused	ETF	High	SK Hynix, Micron, SanDisk concentrated play on HBM cycle	—

What type of market are we in: Choppy

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: No

Should I be trading: EP9’s & Sugarbabys with catalysts, less is more in these conditions, earnings season is getting into full swing no so will offer some opportunities.

Overall market trend: Bullish phase – day 61

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: 7

Stocks above 40PMA: 52%

VIX: 17

52 week highs (US common stocks): 199

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: Uptrend

$DIA: No trend

$IWM: Downtrend

$BTC: Uptrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Downtrend

1%+ sectors yesterday:

• $HACK +4.58%
• $TAN +3.78%
• $SMH +2.51%
• $XLK +1.29%
• $IGV +1.00%

1%- sectors yesterday:

• $XLV -1.93%
• $XLP -1.38%
• $JETS -1.19%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 65k ish

Themes:

Semiconductors
Cybersecurity
Biotech
China Tech
Small caps
Cloud Computing
Emerging Markets
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

Ticker	Company	Sector/Industry	Mkt Cap	YTD Ret.	Key Catalyst	Analyst View
NVDA	NVIDIA Corp	Semiconductors — AI GPUs	$3.4T	+13%	Blackwell ramp; $81.6B Q1 rev; Rubin platform late-2026	Strong Buy | PT ~$255
AMD	Advanced Micro Devices	Semiconductors — AI GPUs	$328B	+130%	MI400/450 ramp; $60B Meta MI400 deal; OpenAI 5-yr MI450 contract	Buy | PT ~$250
AVGO	Broadcom Inc	Semiconductors — Networking/ASICs	$1.1T	+8%	Custom AI ASIC wins; AI revenue doubling; 10th Gen XPUC	Strong Buy | PT ~$310
MU	Micron Technology	Memory — HBM/DRAM/NAND	$1T+	+700% (12mo)	Q4 FY26 guidance $50B (~20% beat); HBM3E market leader (ex-SKH)	Buy | PT ~$1,400
SKHYV	SK Hynix (ADR)	Memory — HBM Leader	$1.3T	IPO 7/10	Nasdaq debut; 56.4% HBM market share; Q1 rev +198% YoY	Strong Buy | PT ~$180
SNDK	SanDisk Corp	Memory — NAND/SSD	Large	+2,200% (since IPO)	AI storage demand; WDC spinoff trades at <1× future EPS at IPO	Buy consensus
ASML	ASML Holding	Semicon Equipment — EUV Lithography	~$375B	+38% est.	Q2 2026 earnings this week; EUV backlog capacity constrained	Buy | PT ~$1,100
AMAT	Applied Materials	Semicon Equipment	~$200B	+25% est.	Gate-all-around demand; HBM stack deposition	Buy | PT ~$260
LRCX	Lam Research	Semicon Equipment — Etch/Deposition	~$130B	+30% est.	HBM layer etch intensity; NAND recovery cycle	Buy | PT ~$1,150
MRVL	Marvell Technology	Networking/Custom Silicon	~$90B	+40% est.	AI interconnect; custom ASIC design wins at hyperscalers	Buy | PT ~$105
GEV	GE Vernova	AI Power Infrastructure — Gas Turbines	~$130B	+60%+	110 GW gas turbine backlog by YE26; raised ’26 revenue to $44.5-45.5B	Buy | PT ~$1,212
VRT	Vertiv Holdings	Data Center Power/Cooling	~$45B	+106%	Q1 rev +30% YoY; data center cooling surge; 34%+ EPS growth	Mod. Buy | PT ~$326
CAT	Caterpillar Inc	Industrials — Prime Power Gensets	~$491B	+81%	Power Gen rev +41% YoY; $2.82B Q1; largest AI data center genset supplier	Buy | PT ~$1,200
TSM	Taiwan Semiconductor	Semiconductors — Foundry	~$1T	+30% est.	Q2 2026 earnings this week; N2 ramp; NVDA/AMD sole-source fab	Buy | PT ~$250
CCJ	Cameco Corp	Uranium Mining	~$22B	+13%	Q1 EPS beat by 38%; 230M lbs LT contracts; 49% Westinghouse stake	Buy | PT ~$132
SMH	VanEck Semiconductor ETF	ETF — Semiconductor basket	ETF	+70%	Broad chip exposure; 0.35% ER; top-10 includes AMD/AVGO/MU/TSM/NVDA	—
PSI	Invesco Semiconductors ETF	ETF — Equal-weight semis	ETF	+104%	Momentum/quality factor tilt; overweight memory/equipment vs SMH	—
DRAM	Roundhill Memory ETF	ETF — Memory-focused	ETF	High	SK Hynix, Micron, SanDisk concentrated play on HBM cycle	—

What type of market are we in: Choppy

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: No

Should I be trading: EP9’s & Sugarbabys with catalysts, less is more in these conditions, earnings season is getting into full swing no so will offer some opportunities.

Overall market trend: Bullish phase – day 60

Yesterdays market: Money leaving the market – High selling pressure

TC2000 McClellan: -1

Stocks above 40PMA: 53%

VIX: 17

52 week highs (US common stocks): 199

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: Uptrend

$DIA: No trend

$IWM: Downtrend

$BTC: No trend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Downtrend

1%+ sectors yesterday:

• $XLE +3.01%

1%- sectors yesterday:

• $SMH -4.16%
• $TAN -3.35%
• $JETS -2.71%
• $XLK -2.42%
• $XTL -1.93%
• $IBB -1.31%
• $XLY -1.02%

Main sectors monthly trailing:

• Leading – $IBB $XLF
• Lagging – $XLE $XLB

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 63k ish

Themes:

Semiconductors
Cybersecurity
Biotech
China Tech
Small caps
Cloud Computing
Emerging Markets
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

Ticker	Company	Sector/Industry	Mkt Cap	YTD Ret.	Key Catalyst	Analyst View
NVDA	NVIDIA Corp	Semiconductors — AI GPUs	$3.4T	+13%	Blackwell ramp; $81.6B Q1 rev; Rubin platform late-2026	Strong Buy | PT ~$255
AMD	Advanced Micro Devices	Semiconductors — AI GPUs	$328B	+130%	MI400/450 ramp; $60B Meta MI400 deal; OpenAI 5-yr MI450 contract	Buy | PT ~$250
AVGO	Broadcom Inc	Semiconductors — Networking/ASICs	$1.1T	+8%	Custom AI ASIC wins; AI revenue doubling; 10th Gen XPUC	Strong Buy | PT ~$310
MU	Micron Technology	Memory — HBM/DRAM/NAND	$1T+	+700% (12mo)	Q4 FY26 guidance $50B (~20% beat); HBM3E market leader (ex-SKH)	Buy | PT ~$1,400
SKHYV	SK Hynix (ADR)	Memory — HBM Leader	$1.3T	IPO 7/10	Nasdaq debut; 56.4% HBM market share; Q1 rev +198% YoY	Strong Buy | PT ~$180
SNDK	SanDisk Corp	Memory — NAND/SSD	Large	+2,200% (since IPO)	AI storage demand; WDC spinoff trades at <1× future EPS at IPO	Buy consensus
ASML	ASML Holding	Semicon Equipment — EUV Lithography	~$375B	+38% est.	Q2 2026 earnings this week; EUV backlog capacity constrained	Buy | PT ~$1,100
AMAT	Applied Materials	Semicon Equipment	~$200B	+25% est.	Gate-all-around demand; HBM stack deposition	Buy | PT ~$260
LRCX	Lam Research	Semicon Equipment — Etch/Deposition	~$130B	+30% est.	HBM layer etch intensity; NAND recovery cycle	Buy | PT ~$1,150
MRVL	Marvell Technology	Networking/Custom Silicon	~$90B	+40% est.	AI interconnect; custom ASIC design wins at hyperscalers	Buy | PT ~$105
GEV	GE Vernova	AI Power Infrastructure — Gas Turbines	~$130B	+60%+	110 GW gas turbine backlog by YE26; raised ’26 revenue to $44.5-45.5B	Buy | PT ~$1,212
VRT	Vertiv Holdings	Data Center Power/Cooling	~$45B	+106%	Q1 rev +30% YoY; data center cooling surge; 34%+ EPS growth	Mod. Buy | PT ~$326
CAT	Caterpillar Inc	Industrials — Prime Power Gensets	~$491B	+81%	Power Gen rev +41% YoY; $2.82B Q1; largest AI data center genset supplier	Buy | PT ~$1,200
TSM	Taiwan Semiconductor	Semiconductors — Foundry	~$1T	+30% est.	Q2 2026 earnings this week; N2 ramp; NVDA/AMD sole-source fab	Buy | PT ~$250
CCJ	Cameco Corp	Uranium Mining	~$22B	+13%	Q1 EPS beat by 38%; 230M lbs LT contracts; 49% Westinghouse stake	Buy | PT ~$132
SMH	VanEck Semiconductor ETF	ETF — Semiconductor basket	ETF	+70%	Broad chip exposure; 0.35% ER; top-10 includes AMD/AVGO/MU/TSM/NVDA	—
PSI	Invesco Semiconductors ETF	ETF — Equal-weight semis	ETF	+104%	Momentum/quality factor tilt; overweight memory/equipment vs SMH	—
DRAM	Roundhill Memory ETF	ETF — Memory-focused	ETF	High	SK Hynix, Micron, SanDisk concentrated play on HBM cycle	—

What type of market are we in: Choppy

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: No

Should I be trading: EP9’s & Sugarbabys with catalysts, the 20% study has pulled back to the high teens but expecting to conditions remain choppy. Less is more in these conditions, banks start reporting today before the open and the CPI report which will likely dictate the market today.

Overall market trend: Bullish phase – day 58

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: -15

Stocks above 40PMA: 50%

VIX: 16

52 week highs (US common stocks): 239

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: Uptrend

$DIA: No trend

$IWM: No trend

$BTC: Uptrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Downtrend

1%+ sectors yesterday:

• $HACK +2.78%
• $SMH +2.48%
• $XTL +2.23%
• $XLK +2.18%
• $JETS +1.95%
• $IYT +1.84%
• $KRE +1.79%
• $IGV +1.51%
• $TAN +1.50%
• $XLY +1.34%
• $XLF +1.04%

1%- sectors yesterday:

• $XLP -1.41%
• $XLE -1.40%

Main sectors monthly trailing:

• Leading – $IBB $XLF
• Lagging – $XLE $XLB

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 64k ish

Themes:

Semiconductors
Cybersecurity
Biotech
South Korea
China Tech
Small caps
Cloud Computing
Emerging Markets
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure & Power Supercycle — Top 15 + ETFs

Ticker	Company Name	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst Consensus / Avg PT
NVDA	NVIDIA Corporation	Semiconductors / GPU AI Compute	~$3.3T	+14–22%	Vera Rubin NVL72 rack H2 2026; FY2027 guidance; GB300 volume ramp	Strong Buy / $185
AVGO	Broadcom Inc.	Semiconductors / Custom ASIC + Networking	~$950B	+51%	Q2 FY26 rev $22.2B (+48% YoY); AI rev +143%; Google TPU partnership to 2031	Strong Buy / $250
TSM	Taiwan Semiconductor Mfg.	Semiconductor Foundry	~$1.1T	+46%	May rev +30% YoY; US fab expansion; AI accelerator CAGR 54–56% through 2029	Buy / $240
AMD	Advanced Micro Devices	Semiconductors / GPU + CPU	~$330B	+130%	MI450/MI500 roadmap; OpenAI + Oracle partnerships; Helios rack-scale systems	Buy / $230
INTC	Intel Corporation	Semiconductors / Foundry + Server CPU	~$480B	+197%	18A node HVM production; MSFT + Qualcomm customers; Apple partnership rumor	Hold/Upgrade Watch / $90
MRVL	Marvell Technology	Semiconductors / Networking + Custom Silicon	~$275B	+65%	S&P 500 inclusion; custom AI ASIC acceleration; data center networking TAM	Buy / $120
MU	Micron Technology	Semiconductors / DRAM + HBM Memory	~$135B	+40%	HBM3E ramp for Blackwell GPUs; DRAM supply shortage; Morgan Stanley top pick	Buy / $180
SNDK	SanDisk Corporation	Semiconductors / Flash Memory Storage	~$60B	+464%	AI storage demand explosion; training dataset flash; record gross margins	Buy / $1,600+
VRT	Vertiv Holdings	Data Center Power & Cooling Infrastructure	~$50B	+55%	$15B revenue backlog; 800V DC architecture co-developed with NVDA; Malaysia facility expansion	Buy / $150
GEV	GE Vernova	Power Generation / Grid Infrastructure	~$130B	+70%+	Q1 data center orders $2.4B (exceeded all 2025); Q2 earnings late July; orders +71%	Buy / $1,250
EQIX	Equinix Inc.	Data Center REIT	~$90B	+20%	507K+ global interconnections; AI colocation demand; Q2 earnings catalyst	Buy / $1,000
ANET	Arista Networks	Data Center Networking / Ethernet	~$130B	+35%	Tomahawk 6 switchip deployment; hyperscaler AI cluster connectivity; Q2 earnings	Buy / $420
GLW	Corning Incorporated	Optical Fiber / Data Center Connectivity	~$45B	+74%	$6B Meta deal + 2 additional hyperscaler contracts; optical comms rev +36% YoY	Buy / $80
BE	Bloom Energy	Power / Fuel Cell Energy for Data Centers	~$15B	+198%	2.8 GW Oracle partnership; fast deployment vs turbines; power bottleneck play	Buy / $50
CRWV	CoreWeave Inc.	AI Cloud / GPU Compute-as-a-Service	~$50B	+90%+	$5.13B ARR triple-digit growth; MSFT anchor tenant; 1,210 MW 2027 expansion

SMH	VanEck Semiconductor ETF	ETF — AI Semiconductor Basket	—	+54.7%	NVDA 19.4%, TSM 11.6%, AVGO 7.7% top weights; broadest semi exposure	—
SOXX	iShares Semiconductor ETF	ETF — Philadelphia Semiconductor Index	—	+54%	All-time high April 24; 30-stock index; more equal-weighted than SMH	—
DTCR	Global X Data Center & Digital Infrastructure ETF	ETF — Data Center REITs + Infrastructure	—	+28%	EQIX, DLR, VRT, ANET holdings; direct AI factory infrastructure exposure

What type of market are we in: Choppy

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: No

Should I be trading: EP9’s & Sugarbabys with catalysts, the 20% study has pulled back to the high teens but expecting to conditions remain choppy. Less is more in these conditions, earnings season starting soon which should help find direction & some good setups.

Overall market trend: Bullish phase – day 57

Yesterdays market: Money leaving the market – high selling pressure

TC2000 McClellan: -40

Stocks above 40PMA: 48%

VIX: 17

52 week highs (US common stocks): 195

Seasonality: July in a midterm year tends to be choppy-to-soft rather than the seasonally strong July you’d see in other cycle years — it’s typically still inside the corrective phase, with the actual bottom more often forming in the August–October window, just ahead of the midterm elections themselves.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Uptrend

$DIA: No trend

$IWM: No trend

$BTC: Uptrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Downtrend

1%+ sectors yesterday:

• $SMH +1.99%
• $XLE +1.76%
• $XLK +1.24%
• $XTL +1.03%

1%- sectors yesterday:

• $XLB -2.62%
• $KRE -2.30%
• $JETS -2.21%
• $XLF -1.93%
• $XLY -1.78%
• $IGV -1.75%
• $XLV -1.30%
• $TAN -1.22%
• $XLI -1.07%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 63k ish

Themes:

Semiconductors
Cybersecurity
Biotech
South Korea
China Tech
Small caps
Cloud Computing
Emerging Markets
Software
Memory

Top 15 + 15 thematic stocks:

AI Infrastructure & Power Supercycle — Top 15 + ETFs

Ticker	Company Name	Sector / Industry	Mkt Cap	YTD Return	Key Catalyst	Analyst Consensus / Avg PT
NVDA	NVIDIA Corporation	Semiconductors / GPU AI Compute	~$3.3T	+14–22%	Vera Rubin NVL72 rack H2 2026; FY2027 guidance; GB300 volume ramp	Strong Buy / $185
AVGO	Broadcom Inc.	Semiconductors / Custom ASIC + Networking	~$950B	+51%	Q2 FY26 rev $22.2B (+48% YoY); AI rev +143%; Google TPU partnership to 2031	Strong Buy / $250
TSM	Taiwan Semiconductor Mfg.	Semiconductor Foundry	~$1.1T	+46%	May rev +30% YoY; US fab expansion; AI accelerator CAGR 54–56% through 2029	Buy / $240
AMD	Advanced Micro Devices	Semiconductors / GPU + CPU	~$330B	+130%	MI450/MI500 roadmap; OpenAI + Oracle partnerships; Helios rack-scale systems	Buy / $230
INTC	Intel Corporation	Semiconductors / Foundry + Server CPU	~$480B	+197%	18A node HVM production; MSFT + Qualcomm customers; Apple partnership rumor	Hold/Upgrade Watch / $90
MRVL	Marvell Technology	Semiconductors / Networking + Custom Silicon	~$275B	+65%	S&P 500 inclusion; custom AI ASIC acceleration; data center networking TAM	Buy / $120
MU	Micron Technology	Semiconductors / DRAM + HBM Memory	~$135B	+40%	HBM3E ramp for Blackwell GPUs; DRAM supply shortage; Morgan Stanley top pick	Buy / $180
SNDK	SanDisk Corporation	Semiconductors / Flash Memory Storage	~$60B	+464%	AI storage demand explosion; training dataset flash; record gross margins	Buy / $1,600+
VRT	Vertiv Holdings	Data Center Power & Cooling Infrastructure	~$50B	+55%	$15B revenue backlog; 800V DC architecture co-developed with NVDA; Malaysia facility expansion	Buy / $150
GEV	GE Vernova	Power Generation / Grid Infrastructure	~$130B	+70%+	Q1 data center orders $2.4B (exceeded all 2025); Q2 earnings late July; orders +71%	Buy / $1,250
EQIX	Equinix Inc.	Data Center REIT	~$90B	+20%	507K+ global interconnections; AI colocation demand; Q2 earnings catalyst	Buy / $1,000
ANET	Arista Networks	Data Center Networking / Ethernet	~$130B	+35%	Tomahawk 6 switchip deployment; hyperscaler AI cluster connectivity; Q2 earnings	Buy / $420
GLW	Corning Incorporated	Optical Fiber / Data Center Connectivity	~$45B	+74%	$6B Meta deal + 2 additional hyperscaler contracts; optical comms rev +36% YoY	Buy / $80
BE	Bloom Energy	Power / Fuel Cell Energy for Data Centers	~$15B	+198%	2.8 GW Oracle partnership; fast deployment vs turbines; power bottleneck play	Buy / $50
CRWV	CoreWeave Inc.	AI Cloud / GPU Compute-as-a-Service	~$50B	+90%+	$5.13B ARR triple-digit growth; MSFT anchor tenant; 1,210 MW 2027 expansion

SMH	VanEck Semiconductor ETF	ETF — AI Semiconductor Basket	—	+54.7%	NVDA 19.4%, TSM 11.6%, AVGO 7.7% top weights; broadest semi exposure	—
SOXX	iShares Semiconductor ETF	ETF — Philadelphia Semiconductor Index	—	+54%	All-time high April 24; 30-stock index; more equal-weighted than SMH	—
DTCR	Global X Data Center & Digital Infrastructure ETF	ETF — Data Center REITs + Infrastructure	—	+28%	EQIX, DLR, VRT, ANET holdings; direct AI factory infrastructure exposure

What type of market are we in: Choppy

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: No

Should I be trading: EP9’s & Sugarbabys with catalysts, the 20% study has pulled back to the 20s but expecting to conditions remain choppy. Less is more in these conditions, earnings season starting soon which should help find direction.