Overall market trend: Bullish phase – day 4

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: -7

Stocks above 40PMA: 52

VIX: 15

52 week highs (US common stocks): 351

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: Uptrend

$SPY: Uptrend

$DIA: Uptrend

$IWM: Uptrend

$BTC: No trend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: Uptrend

$SLV: Uptrend

$SLX: Uptrend

2%+ sectors yesterday:

• None

2%- sectors yesterday:

• $JETS -2.65%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

• Leading – $RTH $IGV
• Lagging – $TLT $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: 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: 20% study still over 100, choppy conditions and Friday with payrolls numbers, wont take any trades today will just observe the market.

Todays watchlist: Nothing

Overall market trend: Bullish phase – day 3

Yesterdays market: Money entering the market – normal buying pressure

TC2000 McClellan: 20

Stocks above 40PMA: 54

VIX: 16

52 week highs (US common stocks): 369

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: Uptrend

$SPY: Uptrend

$DIA: Uptrend

$IWM: Uptrend

$BTC: No trend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: Uptrend

$SLX: Uptrend

2%+ sectors yesterday:

• None

2%- sectors yesterday:

• $TAN -3.93%
• $XTL -2.60%
• $XLE -2.07%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 65k 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: Bullish

Are breakouts working: Most pulled back yesterday, expected with 20% study elevated & indices up 4 days in a row

Are breakouts likely to work for the next 3 – 5 days: Selectively expect some pause 20% bullish study now extremely elevated at 237, highest reading for a longtime.

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

Should I be trading: Yesterday was a neutral breadth day but a lot of stocks pulled back during the day, with a very elevated 20% study would only be looking to take anything long with a big cat, any WSS trades will be treated as day trades with small runner left running overnight.

Todays watchlist: Nothing at the moment

Overall market trend: Bullish phase – day 2

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

TC2000 McClellan: 45

Stocks above 40PMA: 56

VIX: 17

52 week highs (US common stocks): 374

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: Uptrend

$SPY: Uptrend

$DIA: Uptrend

$IWM: Uptrend

$BTC: No trend

$SQQQ: Downtrend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Uptrend

2%+ sectors yesterday:

• $SMH +5.55%
• $XLK +4.98%
• $IGV +4.70%
• $TAN +4.16%
• $HACK +4.03%
• $XTL +3.98%
• $IYT +2.29%
• $IBB +2.28%
• $JETS +2.23%

2%- sectors yesterday:

• None

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

• Leading – $HACK $IGV
• Lagging – $TLT $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: Bullish

Are breakouts working: Yes

Are breakouts likely to work for the next 3 – 5 days: Yes but the 20% study bullish is at 145 so expect some pause or back fill in the coming days

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

Should I be trading: Yesterday was a 700+ bullish breadth day with a 500+ bullish breadth the day before, $SPY and $DIA hit all time highs. Focus EP9 & SIPs

Todays watchlist: Nothing at the moment

Overall market trend: Bullish phase – day 1

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

TC2000 McClellan: 17

Stocks above 40PMA: 53

VIX: 16

52 week highs (US common stocks): 302

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: No trend

$SPY: Uptrend

$DIA: Uptrend

$IWM: No trend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: Downtrend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Uptrend

1%+ sectors yesterday:

• $JETS +4.44%
• $TAN +3.87%
• $IGV +3.00%
• $XTL +2.73%
• $HACK +2.68%
• $XLI +1.85%
• $RTH +1.56%
• $XLK +1.53%
• $KRE +1.31%
• $IYT +1.17%
• $XLB +1.15%

1%- sectors yesterday:

• $XLe -1.28%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 63k 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: Some

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

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

Should I be trading: Choppy conditions remain although we got a 500+ bullish breadth day yesterday with broad participation so could be the start of something

Todays watchlist: $TDOC possible WSS

Overall market trend: Bearish phase – day 1

Fridays market: Money leaving the market – normal selling pressure

TC2000 McClellan: -14

Stocks above 40PMA: 48

VIX: 17

52 week highs (US common stocks): 313

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: No trend

$SPY: No trend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: No trend

$UVIX: No trend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Uptrend

1%+ sectors Friday:

• $XLY +3.29%
• $RTH +2.96%
• $XTL +1.57%
• $IGV +1.36%
• $HACK +1.20%
• $XLE +1.00%

1%- sectors Friday:

• $XLB -2.34%
• $IBB -1.87%
• $JETS -1.26%
• $TAN -1.02%

Main sectors monthly trailing:

• Leading – $XLF $XLE
• Lagging – $XLK $XLI

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 62k 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: 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: Choppy conditions remain with very few setups for my style of trading. Focus EP9 millions and WSS.

Todays watchlist: $VRT $PSN $TDOC all possible WSS

Overall market trend: Bullish phase – day 1

Yesterdays market: Money entering the market – high buying pressure

TC2000 McClellan: -14

Stocks above 40PMA: 48

VIX: 17

52 week highs (US common stocks): 313

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: No trend

$DIA: No trend

$IWM: Downtrend

$BTC: Downtrend

$SQQQ: Uptrend

$UVIX: No trend

$TLT: Downtrend

$GLD: No trend

$SLV: No trend

$SLX: Uptrend

1%+ sectors yesterday:

• $SMH +6.88%
• $XLK +5.50%
• $TAN +4.53%
• $XTL +2.85%
• $JETS +2.29%
• $HACK +1.58%
• $IGV +1.02%

1%- sectors yesterday:

• $XLP -2.16%
• $XLV -1.64%
• $IYT -1.03%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 64k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

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: Choppy conditions remain with no setups for my style of trading. 20% study now reading normal numbers bullish & bearish. Is this just a short term bounce or something more.

Todays watchlist: Nothing at the moment

Overall market trend: Bearish phase – day 1

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

TC2000 McClellan: -11

Stocks above 40PMA: 48

VIX: 21

52 week highs (US common stocks): 330

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: Downtrend

$SQQQ: Uptrend

$UVIX: Uptrend

$TLT: No trend

$GLD: No trend

$SLV: No trend

$SLX: Uptrend

1%+ sectors yesterday:

• $XLK +1.66%
• $IGV +1.28%
• $IBB +1.12%
• $TAN +1.09%

1%- sectors yesterday:

• $XTL -3.63%
• $HACK -1.73%
• $IYT -1.39%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 64k ish

Themes:

Cybersecurity

Infrastructure

Cloud Computing

Semiconductors

Software

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: Choppy conditions remain with no setups for my style of trading. EP9, WSS & BNS main focus with a strong CAT, 20% study moved to 130 bearish yesterday, reading over 100 normally signals close to a bounce so might get some short term trades in the coming days. $AAPL $AMZN report after the close.

Todays watchlist: $MSFT $META