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.
Stock goat 