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.
Last Updated on July 9, 2026 by PeteStilgoe