Overall market trend: Bullish phase – day 20

Yesterdays market: Money leaving the market – normal selling pressure

TC2000 McClellan: -70

Stocks above 40PMA: 30

VIX: 15

52 week highs (US common stocks): 153

Seasonality: September is broadly weak, and midterm years make it slightly weaker. Since 1950, September averages about -0.6% across all years, but in midterm years specifically it drops to roughly -0.8%, compared to +0.9% for October and +1.9% for November in all years. Other analyses using different lookback windows put the midterm-September average anywhere from -0.82% with a win rate of just 47.4% to slightly better depending on the exact years sampled.

The bigger story is the September–October low, not September alone. Across the 19 midterm years since 1950, market lows have clustered heavily in the weeks just before the election, and the S&P 500 has been higher 12 months after every single one of those 19 midterm elections. Drawdowns in this window have ranged widely — a roughly 20% decline in 2002, a shallower pullback in 2010, ~10% in 2014, and ~11.5% in 2018.

Indices:

$SOXX Downtrend

$QQQ: No trend

$SPY: No trend

$DIA: No trend

$IWM: Downtrend

$BTC: Uptrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: No trend

$GLD: No trend

$SLV: No trend

$SLX: No trend

2%+ sectors Yesterday:

• $XLE +2.04%

2%- sectors Yesterday:

• $JETS -2.33%
• $TAN -2.22%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLU $XLI

Sub sectors monthly trailing:

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

Bitcoin: Reclaimed the 200sma at 79k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Top thematic stocks:

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
SNDK	SanDisk Corp	Semiconductors/Data Storage	~$60B	+570%+	HBF standard launch, NAND shortage, investor-day FY28-30 targets	Buy; PT ~$1,500-1,600
MU	Micron Technology	Semiconductors/Memory	~$155B	+216%	HBM supply locked through CY2026, Q4 FY26 earnings pending	Buy; PT ~$950-1,000
SKHY	SK Hynix (US listing)	Semiconductors/Memory	~$180B (KRW basis)	+100%+	RBC Outperform init, HBF standard co-launch with SanDisk	Buy; PT ~$200
WDC	Western Digital	Data Storage	~$45B	+150%+	HDD/NAND supply tightness, hyperscaler orders	Buy; PT ~$500-550
STX	Seagate Technology	Data Storage	~$55B	+180%+	Record FY26 free cash flow ($3.1B)	Buy; PT ~$950-1,000
NVDA	Nvidia Corp	Semiconductors/AI Compute	~$4.2T	+30-35%	Q2 FY27 earnings this week (key S&P catalyst)	Strong Buy; PT ~$220-240
AMD	Advanced Micro Devices	Semiconductors	~$350B	+60-70%	AI GPU roadmap, MI-series ramp	Buy; PT ~$260-280
AVGO	Broadcom Inc	Semiconductors/Custom Silicon	~$1.5T	+70-80%	Custom AI ASIC demand from hyperscalers	Buy; PT ~$400-420
TSM	Taiwan Semiconductor	Foundry	~$1.3T	+40-50%	Advanced node & CoWoS capacity expansion	Strong Buy; PT ~$350-370
ASML	ASML Holding	Semicap Equipment	~$450B	+30-40%	EUV order backlog, memory capex cycle	Buy; PT ~$1,150-1,200
LRCX	Lam Research	Semicap Equipment	~$180B	+50-60%	NAND/DRAM fab equipment orders	Buy; PT ~$150-160
AMAT	Applied Materials	Semicap Equipment	~$220B	+30-40%	Memory tool spending recovery	Buy; PT ~$260-280
KLAC	KLA Corp	Semicap Equipment	~$150B	+50-60%	Process control demand from memory fabs	Buy; PT ~$1,300-1,400
MRVL	Marvell Technology	Semiconductors/Custom Silicon	~$110B	+40-50%	Custom AI silicon design wins	Buy; PT ~$115-125
NBIS	Nebius Group	AI Cloud/Datacenter Infra	~$25B	+200%+	Q2 revenue +454% YoY, $37.5B RPO backlog	Buy; PT ~$150-170
SOXX	iShares Semiconductor ETF	Theme ETF	—	+30-40%	Broad semis exposure	—
DRAM	Roundhill Memory ETF	Theme ETF	—	High volatility	Pure-play memory basket	—
SMH	VanEck Semiconductor ETF	Theme ETF	—	+35-45%	Broad semis 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: Indicies in no trend, 20% study low on both sides bullish & bearish, SIPs and EP9 with strong CATs

Todays watchlist (stocks setting up): Nothing yet

Overall market trend: Bullish phase – day 18

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: -17

Stocks above 40PMA: 46

VIX: 15

52 week highs (US common stocks): 202

Seasonality: August in a midterm year tends to be choppy/flat-to-negative August, elevated volatility running into the fall, with the worst of the pullback tending to resolve before year-end — followed by the strongest 12 months of the whole four-year cycle in the year after the midterm.

There’s also a well-known pattern (cited by Carson Investment Research and others) that the deeper drawdowns typical of midterm years often bottom out around August, ahead of a rally into and after the election.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Downtrend

$DIA: No trend

$IWM: Downtrend

$BTC: Uptrend

$SQQQ: Uptrend

$UVIX: Downtrend

$TLT: Uptrend

$GLD: Uptrend

$SLV: Uptrend

$SLX: No trend

2%+ sectors Yesterday:

• None

2%- sectors Yesterday:

• None

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLU $XLI

Sub sectors monthly trailing:

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

Bitcoin: Reclaimed the 200sma at 79k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Clean energy

Crypto

Top thematic stocks:

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
SNDK	SanDisk Corp	Semiconductors/Data Storage	~$60B	+570%+	HBF standard launch, NAND shortage, investor-day FY28-30 targets	Buy; PT ~$1,500-1,600
MU	Micron Technology	Semiconductors/Memory	~$155B	+216%	HBM supply locked through CY2026, Q4 FY26 earnings pending	Buy; PT ~$950-1,000
SKHY	SK Hynix (US listing)	Semiconductors/Memory	~$180B (KRW basis)	+100%+	RBC Outperform init, HBF standard co-launch with SanDisk	Buy; PT ~$200
WDC	Western Digital	Data Storage	~$45B	+150%+	HDD/NAND supply tightness, hyperscaler orders	Buy; PT ~$500-550
STX	Seagate Technology	Data Storage	~$55B	+180%+	Record FY26 free cash flow ($3.1B)	Buy; PT ~$950-1,000
NVDA	Nvidia Corp	Semiconductors/AI Compute	~$4.2T	+30-35%	Q2 FY27 earnings this week (key S&P catalyst)	Strong Buy; PT ~$220-240
AMD	Advanced Micro Devices	Semiconductors	~$350B	+60-70%	AI GPU roadmap, MI-series ramp	Buy; PT ~$260-280
AVGO	Broadcom Inc	Semiconductors/Custom Silicon	~$1.5T	+70-80%	Custom AI ASIC demand from hyperscalers	Buy; PT ~$400-420
TSM	Taiwan Semiconductor	Foundry	~$1.3T	+40-50%	Advanced node & CoWoS capacity expansion	Strong Buy; PT ~$350-370
ASML	ASML Holding	Semicap Equipment	~$450B	+30-40%	EUV order backlog, memory capex cycle	Buy; PT ~$1,150-1,200
LRCX	Lam Research	Semicap Equipment	~$180B	+50-60%	NAND/DRAM fab equipment orders	Buy; PT ~$150-160
AMAT	Applied Materials	Semicap Equipment	~$220B	+30-40%	Memory tool spending recovery	Buy; PT ~$260-280
KLAC	KLA Corp	Semicap Equipment	~$150B	+50-60%	Process control demand from memory fabs	Buy; PT ~$1,300-1,400
MRVL	Marvell Technology	Semiconductors/Custom Silicon	~$110B	+40-50%	Custom AI silicon design wins	Buy; PT ~$115-125
NBIS	Nebius Group	AI Cloud/Datacenter Infra	~$25B	+200%+	Q2 revenue +454% YoY, $37.5B RPO backlog	Buy; PT ~$150-170
SOXX	iShares Semiconductor ETF	Theme ETF	—	+30-40%	Broad semis exposure	—
DRAM	Roundhill Memory ETF	Theme ETF	—	High volatility	Pure-play memory basket	—
SMH	VanEck Semiconductor ETF	Theme ETF	—	+35-45%	Broad semis exposure	—

What type of market are we in: Choppy

Are breakouts working: Selectively

Are breakouts likely to work for the next 3 – 5 days: Selectively

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

Should I be trading: $QQQ & $IWM in downtrends and markets are in a lull, focus on SIPs & EP9’s with cats

Todays watchlist (stocks setting up): $CRWD $NVDA

Overall market trend: Bullish phase – day 15

Fridays market: Money entering the market – high buying pressure

TC2000 McClellan: -15

Stocks above 40PMA: 46

VIX: 15

52 week highs (US common stocks): 243

Seasonality: August in a midterm year tends to be choppy/flat-to-negative August, elevated volatility running into the fall, with the worst of the pullback tending to resolve before year-end — followed by the strongest 12 months of the whole four-year cycle in the year after the midterm.

There’s also a well-known pattern (cited by Carson Investment Research and others) that the deeper drawdowns typical of midterm years often bottom out around August, ahead of a rally into and after the election.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Downtrend

$DIA: Downtrend

$IWM: No trend

$BTC: Uptrend

$SQQQ: Uptrend

$UVIX: Downtrend

$TLT: No trend

$GLD: Uptrend

$SLV: Uptrend

$SLX: Downtrend

2%+ sectors Friday:

• None

2%- sectors Friday:

• $IBB -2.83%
• $RTH -2.55%
• $HACK -2.24%
• $JETS -2.17%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLU $XLI

Sub sectors monthly trailing:

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

Bitcoin: Reclaimed the 200sma at 78k ish ????

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Top thematic stocks:

Ticker	Company Name	Sector/Industry	Market Cap	YTD Return	Key Catalyst	Analyst Consensus
SNDK	SanDisk Corp	Semiconductors/Data Storage	~$60B	+570%+	HBF standard launch, NAND shortage, investor-day FY28-30 targets	Buy; PT ~$1,500-1,600
MU	Micron Technology	Semiconductors/Memory	~$155B	+216%	HBM supply locked through CY2026, Q4 FY26 earnings pending	Buy; PT ~$950-1,000
SKHY	SK Hynix (US listing)	Semiconductors/Memory	~$180B (KRW basis)	+100%+	RBC Outperform init, HBF standard co-launch with SanDisk	Buy; PT ~$200
WDC	Western Digital	Data Storage	~$45B	+150%+	HDD/NAND supply tightness, hyperscaler orders	Buy; PT ~$500-550
STX	Seagate Technology	Data Storage	~$55B	+180%+	Record FY26 free cash flow ($3.1B)	Buy; PT ~$950-1,000
NVDA	Nvidia Corp	Semiconductors/AI Compute	~$4.2T	+30-35%	Q2 FY27 earnings this week (key S&P catalyst)	Strong Buy; PT ~$220-240
AMD	Advanced Micro Devices	Semiconductors	~$350B	+60-70%	AI GPU roadmap, MI-series ramp	Buy; PT ~$260-280
AVGO	Broadcom Inc	Semiconductors/Custom Silicon	~$1.5T	+70-80%	Custom AI ASIC demand from hyperscalers	Buy; PT ~$400-420
TSM	Taiwan Semiconductor	Foundry	~$1.3T	+40-50%	Advanced node & CoWoS capacity expansion	Strong Buy; PT ~$350-370
ASML	ASML Holding	Semicap Equipment	~$450B	+30-40%	EUV order backlog, memory capex cycle	Buy; PT ~$1,150-1,200
LRCX	Lam Research	Semicap Equipment	~$180B	+50-60%	NAND/DRAM fab equipment orders	Buy; PT ~$150-160
AMAT	Applied Materials	Semicap Equipment	~$220B	+30-40%	Memory tool spending recovery	Buy; PT ~$260-280
KLAC	KLA Corp	Semicap Equipment	~$150B	+50-60%	Process control demand from memory fabs	Buy; PT ~$1,300-1,400
MRVL	Marvell Technology	Semiconductors/Custom Silicon	~$110B	+40-50%	Custom AI silicon design wins	Buy; PT ~$115-125
NBIS	Nebius Group	AI Cloud/Datacenter Infra	~$25B	+200%+	Q2 revenue +454% YoY, $37.5B RPO backlog	Buy; PT ~$150-170
SOXX	iShares Semiconductor ETF	Theme ETF	—	+30-40%	Broad semis exposure	—
DRAM	Roundhill Memory ETF	Theme ETF	—	High volatility	Pure-play memory basket	—
SMH	VanEck Semiconductor ETF	Theme ETF	—	+35-45%	Broad semis exposure	—

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: Crypto is working but most other tech isn’t, EP9’s cats main focus

Todays watchlist (stocks setting up): Symbols from TC2000
CRCL
RBLX
GOOGL
ORCL
HPQ
NVTS
AAPL
MSFT
SMCI

Overall market trend: Bullish phase – day 14

Yesterdays market: Money leaving the market – normal selling pressure

TC2000 McClellan: -45

Stocks above 40PMA: 45

VIX: 16

52 week highs (US common stocks): 208

Seasonality: August in a midterm year tends to be choppy/flat-to-negative August, elevated volatility running into the fall, with the worst of the pullback tending to resolve before year-end — followed by the strongest 12 months of the whole four-year cycle in the year after the midterm.

There’s also a well-known pattern (cited by Carson Investment Research and others) that the deeper drawdowns typical of midterm years often bottom out around August, ahead of a rally into and after the election.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Downtrend

$DIA: Downtrend

$IWM: No trend

$BTC: Uptrend

$SQQQ: Uptrend

$UVIX: Downtrend

$TLT: No trend

$GLD: Uptrend

$SLV: Uptrend

$SLX: Downtrend

2%+ sectors yesterday:

• None

2%- sectors yesterday:

• $IBB -2.83%
• $RTH -2.55%
• $HACK -2.24%
• $JETS -2.17%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLU $XLI

Sub sectors monthly trailing:

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

Bitcoin: Reclaimed the 200sma at 78k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Top thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

NVDA	NVIDIA Corp.	GPU / AI Chips	~$5.2T	+13.7%	Q1 FY27 rev $81.6B (+85%); Data Center +92% YoY; Q2 guide $91B	STR BUYPT $301
AMD	Advanced Micro Devices	GPU / AI Chips	~$380B	+141.8%	Q2 earnings Aug 4; rev est. $11.2B (+46%); $5B Anthropic investment	STR BUYPT est. $250+
AVGO	Broadcom Inc.	Custom AI Silicon	~$1.6T	+~12%	AI semi rev Q2 $10.8B (+143%); Q3 guide $16B (+200%); Samsung $200B MOU	STR BUYPT $527
MSFT	Microsoft Corp.	AI Cloud / Enterprise	~$2.8T	-20.7%	Azure +40%; AI run rate $37B; RPO $627B; 90% probability of Q2 beat	BUYPT $557
PLTR	Palantir Technologies	AI Platform / Gov	~$270B	-27%	Q2 earnings Aug 3; est. rev $1.81B (+81%); 8 consecutive EPS beats; DIA contract	BUYPT $181
CRWV	CoreWeave Inc.	AI Cloud / Neocloud	~$30B	~-25%	Truist Buy upgrade; Leidos defense cloud deal; Meta $21B GPU contract; earnings Aug 11	BUYPT $140
VRT	Vertiv Holdings	Data Center Infra	~$100B	+71%	Q1 rev +30%; Americas organic +44%; backlog $15B; book-to-bill 2.9x	STR BUYPT $377
ETN	Eaton Corp.	Power Infrastructure	~$165B	+29%	Purest electrical infra play; switchgear/thermal mgmt; Q2 earnings data center order watch	BUYPT $480+
CAT	Caterpillar Inc.	Power Generation	~$438B	+53.3%	Power Gen +41% YoY; record backlog; data center gensets; Q1 EPS beat 19%	HOLD/BUYPT $962
ORCL	Oracle Corp.	AI Cloud / Database	~$380B	~flat	Google Gemini integration; AI cloud rev growth; Piper Sandler cloud upside call	BUYPT est. $170+
MRVL	Marvell Technology	Custom Networking Chips	~$80B	+est. +60%	AI networking silicon; custom ASIC design for hyperscalers; data center growth	BUYPT est. $100+
INTC	Intel Corp.	Semiconductor / Foundry	~$150B	+226%	Foundry recovery; AI chip ramp; massive YTD momentum; Q2 earnings watch	HOLDPT est. $35+
CEG	Constellation Energy	Nuclear / Data Ctr Power	~$85B	+est. +50%	Data centers projected 12% of US power by 2028; nuclear PPA deals with hyperscalers	BUYPT est. $270+
SMCI	Super Micro Computer	AI Server Systems	~$30B	+est. +80%	GPU server demand; NVIDIA rack integration; audit resolution tailwind	BUYPT est. $60+
NET	Cloudflare Inc.	AI Edge / Security	~$90B	~+est.	Scotiabank upgrade; AI inference edge delivery; enterprise AI platform expansion	BUYPT est. $300+
⬦ Theme ETFs
SOXX	iShares Semiconductor ETF	Semiconductor Basket	—	+85.7%	Broadest semi exposure; includes NVDA, AMD, AVGO, INTC, MRVL	—
SKYY	First Trust Cloud Computing ETF	AI Cloud Basket	—	~flat	CRWV, NET, ORCL, SNOW; concentrated in AI infra names	—
VPN	Global X Data Center REITs & Digital Infra	Data Center REIT	—	—	Targets data center REITs and digital infrastructure operators	—

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: Crypto is working but most other tech isn’t, based on being a Friday unless and exceptional catalyst I will just monitor the market today.

Todays watchlist (stocks setting up): Nothing yet

Overall market trend: Bullish phase – day 13

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

TC2000 McClellan: -17

Stocks above 40PMA: 48

VIX: 15

52 week highs (US common stocks): 216

Seasonality: August in a midterm year tends to be choppy/flat-to-negative August, elevated volatility running into the fall, with the worst of the pullback tending to resolve before year-end — followed by the strongest 12 months of the whole four-year cycle in the year after the midterm.

There’s also a well-known pattern (cited by Carson Investment Research and others) that the deeper drawdowns typical of midterm years often bottom out around August, ahead of a rally into and after the election.

Indices:

$SOXX Downtrend

$QQQ: Downtrend

$SPY: Downtrend

$DIA: No trend

$IWM: Downtrend

$BTC: No trend

$SQQQ: Uptrend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Downtrend

2%+ sectors yesterday:

• $IBB +6.58%
• $XLV +3.51

2%- sectors yesterday:

• $HACK -2.59%
• $KRE -2.41%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 69k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Top thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

NVDA	NVIDIA Corp.	GPU / AI Chips	~$5.2T	+13.7%	Q1 FY27 rev $81.6B (+85%); Data Center +92% YoY; Q2 guide $91B	STR BUYPT $301
AMD	Advanced Micro Devices	GPU / AI Chips	~$380B	+141.8%	Q2 earnings Aug 4; rev est. $11.2B (+46%); $5B Anthropic investment	STR BUYPT est. $250+
AVGO	Broadcom Inc.	Custom AI Silicon	~$1.6T	+~12%	AI semi rev Q2 $10.8B (+143%); Q3 guide $16B (+200%); Samsung $200B MOU	STR BUYPT $527
MSFT	Microsoft Corp.	AI Cloud / Enterprise	~$2.8T	-20.7%	Azure +40%; AI run rate $37B; RPO $627B; 90% probability of Q2 beat	BUYPT $557
PLTR	Palantir Technologies	AI Platform / Gov	~$270B	-27%	Q2 earnings Aug 3; est. rev $1.81B (+81%); 8 consecutive EPS beats; DIA contract	BUYPT $181
CRWV	CoreWeave Inc.	AI Cloud / Neocloud	~$30B	~-25%	Truist Buy upgrade; Leidos defense cloud deal; Meta $21B GPU contract; earnings Aug 11	BUYPT $140
VRT	Vertiv Holdings	Data Center Infra	~$100B	+71%	Q1 rev +30%; Americas organic +44%; backlog $15B; book-to-bill 2.9x	STR BUYPT $377
ETN	Eaton Corp.	Power Infrastructure	~$165B	+29%	Purest electrical infra play; switchgear/thermal mgmt; Q2 earnings data center order watch	BUYPT $480+
CAT	Caterpillar Inc.	Power Generation	~$438B	+53.3%	Power Gen +41% YoY; record backlog; data center gensets; Q1 EPS beat 19%	HOLD/BUYPT $962
ORCL	Oracle Corp.	AI Cloud / Database	~$380B	~flat	Google Gemini integration; AI cloud rev growth; Piper Sandler cloud upside call	BUYPT est. $170+
MRVL	Marvell Technology	Custom Networking Chips	~$80B	+est. +60%	AI networking silicon; custom ASIC design for hyperscalers; data center growth	BUYPT est. $100+
INTC	Intel Corp.	Semiconductor / Foundry	~$150B	+226%	Foundry recovery; AI chip ramp; massive YTD momentum; Q2 earnings watch	HOLDPT est. $35+
CEG	Constellation Energy	Nuclear / Data Ctr Power	~$85B	+est. +50%	Data centers projected 12% of US power by 2028; nuclear PPA deals with hyperscalers	BUYPT est. $270+
SMCI	Super Micro Computer	AI Server Systems	~$30B	+est. +80%	GPU server demand; NVIDIA rack integration; audit resolution tailwind	BUYPT est. $60+
NET	Cloudflare Inc.	AI Edge / Security	~$90B	~+est.	Scotiabank upgrade; AI inference edge delivery; enterprise AI platform expansion	BUYPT est. $300+
⬦ Theme ETFs
SOXX	iShares Semiconductor ETF	Semiconductor Basket	—	+85.7%	Broadest semi exposure; includes NVDA, AMD, AVGO, INTC, MRVL	—
SKYY	First Trust Cloud Computing ETF	AI Cloud Basket	—	~flat	CRWV, NET, ORCL, SNOW; concentrated in AI infra names	—
VPN	Global X Data Center REITs & Digital Infra	Data Center REIT	—	—	Targets data center REITs and digital infrastructure operators	—

What type of market are we in: Choppy

Are breakouts working: Selectively

Are breakouts likely to work for the next 3 – 5 days: Selectively

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

Should I be trading: Markets had a +500 bullish breadth day yesterday so buying coming in, focus on EP9’s & SIPs

Todays watchlist (stocks setting up): Symbols from TC2000
SPCX
RKLB
RDW
GOOG
BB

Overall market trend: Bullish phase – day 12

Yesterdays market: Money leaving the market – high selling pressure

TC2000 McClellan: -42

Stocks above 40PMA: 48

VIX: 16

52 week highs (US common stocks): 221

Seasonality: August in a midterm year tends to be choppy/flat-to-negative August, elevated volatility running into the fall, with the worst of the pullback tending to resolve before year-end — followed by the strongest 12 months of the whole four-year cycle in the year after the midterm.

There’s also a well-known pattern (cited by Carson Investment Research and others) that the deeper drawdowns typical of midterm years often bottom out around August, ahead of a rally into and after the election.

Indices:

$SOXX No trend

$QQQ: No trend

$SPY: No trend

$DIA: No trend

$IWM: No trend

$BTC: No trend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: No trend

2%+ sectors yesterday:

• None

2%- sectors yesterday:

• $SMH -4.09%
• $XTL -2.50%
• $X;K -2.47%
• $TAN -2.06%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 64k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

Top thematic stocks:

AI Infrastructure Supercycle — Chips, Memory & Power

NVDA	NVIDIA Corp.	GPU / AI Chips	~$5.2T	+13.7%	Q1 FY27 rev $81.6B (+85%); Data Center +92% YoY; Q2 guide $91B	STR BUYPT $301
AMD	Advanced Micro Devices	GPU / AI Chips	~$380B	+141.8%	Q2 earnings Aug 4; rev est. $11.2B (+46%); $5B Anthropic investment	STR BUYPT est. $250+
AVGO	Broadcom Inc.	Custom AI Silicon	~$1.6T	+~12%	AI semi rev Q2 $10.8B (+143%); Q3 guide $16B (+200%); Samsung $200B MOU	STR BUYPT $527
MSFT	Microsoft Corp.	AI Cloud / Enterprise	~$2.8T	-20.7%	Azure +40%; AI run rate $37B; RPO $627B; 90% probability of Q2 beat	BUYPT $557
PLTR	Palantir Technologies	AI Platform / Gov	~$270B	-27%	Q2 earnings Aug 3; est. rev $1.81B (+81%); 8 consecutive EPS beats; DIA contract	BUYPT $181
CRWV	CoreWeave Inc.	AI Cloud / Neocloud	~$30B	~-25%	Truist Buy upgrade; Leidos defense cloud deal; Meta $21B GPU contract; earnings Aug 11	BUYPT $140
VRT	Vertiv Holdings	Data Center Infra	~$100B	+71%	Q1 rev +30%; Americas organic +44%; backlog $15B; book-to-bill 2.9x	STR BUYPT $377
ETN	Eaton Corp.	Power Infrastructure	~$165B	+29%	Purest electrical infra play; switchgear/thermal mgmt; Q2 earnings data center order watch	BUYPT $480+
CAT	Caterpillar Inc.	Power Generation	~$438B	+53.3%	Power Gen +41% YoY; record backlog; data center gensets; Q1 EPS beat 19%	HOLD/BUYPT $962
ORCL	Oracle Corp.	AI Cloud / Database	~$380B	~flat	Google Gemini integration; AI cloud rev growth; Piper Sandler cloud upside call	BUYPT est. $170+
MRVL	Marvell Technology	Custom Networking Chips	~$80B	+est. +60%	AI networking silicon; custom ASIC design for hyperscalers; data center growth	BUYPT est. $100+
INTC	Intel Corp.	Semiconductor / Foundry	~$150B	+226%	Foundry recovery; AI chip ramp; massive YTD momentum; Q2 earnings watch	HOLDPT est. $35+
CEG	Constellation Energy	Nuclear / Data Ctr Power	~$85B	+est. +50%	Data centers projected 12% of US power by 2028; nuclear PPA deals with hyperscalers	BUYPT est. $270+
SMCI	Super Micro Computer	AI Server Systems	~$30B	+est. +80%	GPU server demand; NVIDIA rack integration; audit resolution tailwind	BUYPT est. $60+
NET	Cloudflare Inc.	AI Edge / Security	~$90B	~+est.	Scotiabank upgrade; AI inference edge delivery; enterprise AI platform expansion	BUYPT est. $300+
⬦ Theme ETFs
SOXX	iShares Semiconductor ETF	Semiconductor Basket	—	+85.7%	Broadest semi exposure; includes NVDA, AMD, AVGO, INTC, MRVL	—
SKYY	First Trust Cloud Computing ETF	AI Cloud Basket	—	~flat	CRWV, NET, ORCL, SNOW; concentrated in AI infra names	—
VPN	Global X Data Center REITs & Digital Infra	Data Center REIT	—	—	Targets data center REITs and digital infrastructure operators	—

What type of market are we in: Choppy

Are breakouts working: Selectively

Are breakouts likely to work for the next 3 – 5 days: Selectively

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

Should I be trading: A big sell off yesterday due to rate concerns and US paying the most amount paid to borrow money, many charts need to repair yesterdays damage, some still look good but need to see if this is a blip or something bigger.

EP9 is main focus with strong cat.

Todays watchlist (stocks setting up): Symbols from TC2000
$DRAM
$SPCX
$AAPL
$RKLB
$CRCL
$BMNR
$RDW

$BB