Nacho_

[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Strong end to the week after yesterday's shake-out/warsh-out ;) The $Qs were especially strong today driven by AI. All major indices remain in close proximity to new ATHs, the bulls keep marching on.

Bonds $TLT also recovered today. Short-term yields reversed from yesterday's highs. The USD on the other hand now trades at the highest levels since May of 2025 - something to keep an eye on. Metals felt that today, Gold & Silver both on their way to new swing-lows.

- Semis $XSD (AI-Hardware) were the strongest group during todays RTH closely followed by Homebuilder $XHB. $GDX $UFO $ITA & $IBIT were among the weakest groups during the RTH. Besides AI-Hardware there wasn't much going on today.

For the week $SMH $XBI $URA $XLK & $XHB were the strongest groups. Energy $XLE $XOP & Space $UFO were the weakest groups for the week.

Some names showing relative strength today: $BE $SNDK $MRVL $ALAB $DIOD $SMCI $FRO $TSM $OKTA $GLW $TLN

HAGW :)

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- New sheriff in town. Some wild moves over the past two hours in $SPY after Kevin Warsh officially introduced himself to the public. Ultimately $SPY $QQQ $IWM & $RSP all reversed course from the highs of the day (pre FED) and closed near the lows of the session.

Short term (2 year) yields rose sharply on the session reaching new swing-highs. Obviously not good for equities but lets wait how things will style over the next few days - lots to unpack for markets today ^^

The US-$ rose sharply today after Warsh's first FOMC appearance. The 100.50 level has been strong resistance for the past few months. I will be watching if it can break above.

- The AI-Trade showed incredible levels of resilience today in regards to the profit taking we saw during the last hour of trade. That's where the money is and that's where it's going. If you want a definition for RS look at the likes of $MU $ARM $MRVL $STX $AMAT $GEV & $NBIS today. Everything else faded with the indices, correlation looked pretty close to 1 across sectors.
Lets see how thai will look tmr, I am sure vastly different ^^

- What am I watching for tmr? Hard to say how markets will digest today's event overnight - first move wrong move maybe? I am long $LLY $FLEX & $PANW right now. With the long weekend ahead I don't feel the need to add tons more to that. $INTC $TTMI $TER $ONTO & $FROG are the names I am liking most based on today's close.

Markets will stay closed on Friday. Therefore triple witching will be moved to tomorrow, should get some more volatility around the close therefore. Just FYI.

Some names showing relative strength today: $AMAT $GEV $WDC $NBIS $ARM $FROG $HOOD $NBIS $DOCN $HWM $IBKR $VRT

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Some profit taking today in US equities. The $Qs were especially weak as the AI-Trade has been the source of today's weakness. Small/mid-cap $IWM & $RSP also were slightly down on the day. Close also at LOD. Bonds $TLT had a strong session, approaching the mid April highs now.

Oil $USO continued its path lower, WTI now trading in the mid 70$s again - lowest level since early March.

Slow day overall, but some digestion isn't the worst thing after the volatile start to the week I guess.

- Some nice rotation today. Semis $XSD took a hit after starting the week strong. $ITA $XOP $GDX & $XHB were among the leading groups during today's RTH.

$TAN $UFO $XLK & $XME also were part of the lagging groups for the day. Some rotation into cyclicals/value today that's for sure. Breadth on the weaker side again.

- What am I watching for tmr? Some nice inside-day candles (or just really narrow PA) today in names I am watching like $GNRC $NVT & $TER. If they resolve higher tmr I will very likely try some of them if the market holds up. Also would try some AI-Hardware names if we get a gap lower overnight $TSEM $TTMI & $FORM.

Tomorrow will also be the first official FOMC meeting with new chair Kevin Warsh.

Some names showing relative strength today: $HWM $JPM $NBIS $CRWV $INOD $TLN $MRNA $RBLX $AFRM

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Market loves itself a peace deal! $SPY & $QQQ gapped higher to start the week after the US Admi signalled that a final deal with Iran has been reached over the weekend. $SPY &QQQ were able to add to the overnight gains during the RTH, closing in on ATHs. Different story for small/mid-caps. $IWM & $RSP both faded throughout the RTH and closed near LOD. AI-Trade & $MAGS ruled today's trading (sluggish breadth).

Bonds $TLT were ~flat on the session while oil $USO is back at 120$ for the first time since mid April (WTI at 80$). Former lows could act as support here with a MR move likely throughout the next few days imo.

- There have been more negative sectors than positive ones during today's RTH (explains the $RSP fade). Energy $XLE was amongst the leaders during the RTH mean reverting from its gap lower. $ARKK $XLU $CIBR & $MAGS also were amongst the leaders.
$XME $JETS KRE $UFO & $XHB were all down > 1% during the RTH. Weak breadth.

- What am I watching for tmr? Sticking to my approach to add strong names on (intraday) pullbacks. Focus names as of this evening are $TTMI $HUT $TSEM & $FROG.

Some names showing relative strength today: $SPCX $AAOI $MU $MRVL $DASH $RDDT $WDC $ARM $NBIS

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[BreezeFor @BreezeFor1407]

Names that I am watching for next week and general market thoughts 👀

After some continued chop at the beginning of the week $SPY & $QQQ recovered in the second part of the week while $IWM & $RSP even made new ATHs. I mentioned that in a post yesterday, overall participation (breadth) has picked up over the past week(s). https://t.co/BrXI7eVU3W

Oil $USO continues to break lower as an official “peace deal” between the US and Iran looks to be imminent. WTI en route to 80$.

Overall it looks like a very positive environment for equities going into next week.

Which stocks/sectors am I watching for next week?

Cybersecurity $CIBR
Cyber stocks had an incredible run over the past few weeks driven by strong earnings from the likes of $FTNT $DDOG $SNOW. Over the past two weeks we had some consolidation in the sector which puts them at the top of my list for the upcoming week. Focus names are $FTNT $FFIV $DDOG & $PANW.

Semis $XSD
Semis are at the heart of the bull market and I don't see that changing anytime soon. Leading names such as $SNDK have made new ATHs already. $AMD $MRVL $ARM are not far off either.
Yet my focus lies on the smaller/less popular names for next week. Focus names are $TSEM $TTMI $MTSI $ICHR & $CRDO.

Datacenter Infrastructure $XLI
This part of the AI-Trade saw some larger profit taking over the past two weeks. Yet many names held up well and look ready for a possible next leg higher. I like $FLEX $FIX $ARM & $BWA most going inot next week.

You can see my complete Watchlist in the Screenshot below 👇
(The Watchlist is tailored around possible continuation moves for trend following strategies)

Have a great week guys :)

[BreezeFor @BreezeFor1407]

Scrolling through some charts this morning and I noticed that when looking at the equally weighted S&P 500 sectors (11 in total) things are looking much better than ~4 weeks ago when the $SPY & $QQQ were sprinting higher. This is probably the single greatest indication for breadth expansion for what it's worth.

$RSPF (Financials) - Highest levels since mid April
$RSPN (Industrials) - Highest levels since end of March
$RSPR (Real Estate) - Highest levels since late 2024
$RSPS (Staples) - Highest levels since early March
$RSPH (Healthcare) - Highest levels since early March

Also, besides $RSPC (Communication Services) no other sector is trading in close proximity to new 52 week lows anymore.

For the most part of the most recent rally in $SPY the only sector that was leading us higher has been the $RSPT (= equally weighted Tech aka. the AI-Trade). Thats not a bad thing, don't get me wrong. However, stock picking is (much) easier if you have more groups participating to the upside as the universe of setups naturally expands - at least for me.

[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Some wild moves today in $SPY. We once again seem to have a deal between the US and Iran (maybe). Markets spiked higher off of that headline and closed near the highs. Also, today's gap wasn't fully faded intraday (even before the deal headline). $IWM & $RSP are both trading in close proximity to new ATHs already. Bonds $TLT also had a great day trading at the highest levels since early may. We now have a strong low/level to lean against in $SPY & $QQQ.

Oil $USO closed down on the day but WTI is still trading close to 90$. Didn't even make new swing-lows today. The ~85$ level has been strong support over the past few weeks. As long as we don't breach that level I wouldn't be too negative on oil.

- Really strong breadth today. $UFO $JETS $ITA $TAN & $XBI have been the strongest groups during the RTH besides the usual AI-Hardware $XSD suspects.
Energy $XOP $XLE has been the only negative group during the RTH for obvious reasons (deal nearing).

- What am I watching for tmr? I didn't buy anything today because I wasn't willing to chase the gaps in the names I've been watching. So I am still flat. I am sticking with my plan to buy weakness instead of strength in this current tape which made new buys hard today. This makes me look real stupid at the close I see that lol. So lets see, might get a chance to pick up a few names tmr if we get soem sort of (intraday) dip ...

Also we will get the SpaceX IPO so I am certain that we will see some volatility later in the session.

Some names showing relative strength today: $SNDK $AMAT $ARM $AMGN $FTNT $MRVL $FLY $ALK $IREN $CRDO $USAR

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Weak action in US equities today. $SPY & $QQQ started in the red and went green shortly after the open. After the first hour of trading markets started to fade again like yesterday - although there hasn't been a strong bounce this time. We are still above Tuesdays lows in $SPY & $QQQ but markets seem exhausted for now imo. Unlike yesterday, $IWM & $RSP also were acting weak and closed near LOD. Therefore breadth has been pretty poor.

Bonds $TLT were slightly down on the session. Oil $USO was up a few % but closed well off its intraday highs. Considering the renewed strikes by the US vs Iran and the rather aggressive commentary by Trump today I doubt Oil will go much higher from here anymore.

Metals were trending lower with equities …

- Energy $XLE & $XOP has been the strongest sector during todays RTH. $IGV & $CIBR also held up really well compared with other Risk-On areas of the market. $XRT $KIE & $XLP also were amongst the leading groups today (Risk-Off).

$XSD $TAN $TAN $XME & $XLI were amongst the weakest groups during todays RTH.

- What am I watching for tmr? Not that much, honestly. Tried small positions in $FTNT & $DOCN today as I wrote yesterday (closed them for a small loss). I am not leaning bearish here, but I am acknowledging that pressing for new longs isn't the way either right now (imo). Curious to see how the SpaceX IPO will play out in this tape …

Some names showing relative strength today: $TWLO $PANW $INOD $CRDO $ICHR $PBF $CAVA $LITE $MDB $BROS

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- What a day. I've personally never experienced volatility like today & Friday in the indices without any headlines responsible/near the lows of a larger sell-off like the tariff crash last year. $SPY & $QQQ managed to close ~ Friday's lows and well off the intraday lows which I view as a win for the bulls. Oil $USO continues its move lower. Bonds $TLT didn't move much at all today.

I would appreciate it if index volatility decreases from here on but unfortunately the market doesn't care one bit about my wishes.

- Another Risk-Off day on the sector level with $IHI $XLP $XLV $XHB & $XLU leading the way during the RTH. Heatmap (SS below) also shows this well). Probably not even a Risk-Off day, just an everything BUT AI-Trade kind of day (similar to last Friday).
Semis $XSD were most affected by the sell-off but also closed well off the lows.

- What am I watching for tmr? I sold my remaining position(s) into today's bounce (which turned out to be a large rally in the end). I didn't have any positions with large cushion to trail so I closed $COHR & $PANW BE. I am flat now.

CPI before the open tmr, doubt it will have much impact but who knows. I will continue to try and gain exposure to the names displaying significant RS. Gaining actual traction with new trades hasn't been easy for me lately so I wont be that aggressive. 2-3 names tops, larger stops. Focus names: $DOCN $PANW $HUT

Some names showing relative strength today: $CRDO $DOCN $ICHR $APH $ACLS

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Slow start to the week for equities which is probably welcomed by investors/traders after Fridays havoc xD

$SPY & $QQQ gapped higher overnight and managed to retain some of the gains but no classic FTD. Close als at LOD. Friday's lows are a strong level to lean on. Bonds $TLT were flat on the day. Oil started the session up 5% after renewed fighting between Israel and Iran but eventually gave back most of the gains as Trump continues to push for a deal.

- Mixed action on the sector level during todays RTH. $XRT $XSD $IYT & $XHB were the leading groups. Meanwhile $UFO $XBI $XLU & $TAN were the weakest groups. Was neither a Risk-On nor a full on Risk-Off (like Friday) kind of day. Mixed breadth.

- What am I watching for tmr? I have very little exposure left ($COHR ). Therefore I am not opposed to the idea to try to add 1-2 new names as long as markets stay above Fridays lows. Missed $DOCN today. Focus names for tmr: $DOCN $HUT $CRDO $CRWD & $STRL.

Some names showing relative strength today: $HUT $AMD $MU $CIFR $AAOI $CRDO $AMAT $CBRS $OSCR $DUOL $MARA $IONQ $TSLA

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[BreezeFor @BreezeFor1407]

Names that I am watching for next week and general market thoughts 👀

On Friday we saw one of the biggest intraday sell-offs in the $SPY (-2,58%) & $Qs (-4,80%) without any major headlines and or a already distressed market regime (= VIX >= 20$) over the past decade. I can't tell you “why” this happened and frankly I don't care as I think its irrelevant starting Monday.

Everything tied to the AI-Trade has been hit especially hard on Friday which explains why the $Qs were down much more than $SPY. Risk-Off tied sectors closed green on the session $XLP $XLU $XLV.

With all this said. Keep in mind that we are in a bull market where momentum absolutely dominates. Trading is not a game of wishful thinking. Just because you would like to see the market build out a multi-week base and “get tight” (whatever that shit even means lol) doesn't mean that it will play out that way. This also serves as a reminder for myself.

Which stocks/sectors am I watching for next week?

I will approach the start of next week slightly differently in terms of Watchlist building compared to how I usually do it. I built a list with the strongest names in the market right now (that's a subjective list).
How do I determine that? Screen time mostly. If you watch the markets a lot you can observe which names see the earliest/strongest bids whenever the overall market $SPY is trending lower and then bounces a bit (like on Friday). These are the names I am focusing on going into next week.

You can see my complete Watchlist in the Screenshot below 👇
(The Watchlist is tailored around possible continuation moves for trend following strategies)

Have a great week guys :)

[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- What a way to end the week. Things looked good (even great imo) at the close yesterday after that massive intraday bounce. Market then gave it all back overnight without any headlines (at least from what I’ve seen). Intraday we saw steady selling pressure with no real bounce attempt. First 20-EMA test for $SPY & $QQQ today since early April. Small-Caps $IWM also got hit hard trading down >3% on the session.

Oil (WTI) has been down as well, so no pressure from that side. Metals (Gold, Silver, Copper) also got crushed. The only asset on my screen that was up a lot has been the USD today …

I wouldn't overcomplicate today's price action in stocks. That's how markets are operating these days. Extreme moves in either direction. Sucks if you are heavily invested today but on the other hand creates great opportunities going forward. Also dont beat yourself up if you got hit today, besides the overall extension in $SPY there was little reason to reduce large parts of ones exposure at EOD yesterday imo. If you honored your stops you did a lot right today I think.

- Risk-Off $XLP $XLU $KIE $XLV $KRE related sectors were up during the RTH. These groups were the primary beneficiaries from the AI-Trade sell-out today. $XSD $URA $UFO $TAN $XME all got completely killed during the RTH - weeks of gains gone within a day in many names.

For the week $IBIT $UFO $TAN $IGV & $GDX were the weakest groups within my sector universe. $XLV $KIE $KRE $IYT & $XLP held up the best. Classic risk-off rotation.

- Next week we will get CPI & PPI data for Mai. The main event will be the SpaceX IPO though. Multiple headlines today that demand is very strong and its massively oversubscribed … Lets hope the $Q’s have recovered by then xD

Have a great weekend :)

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- What a day for bulls. The $Qs started the day down after large overnight earnings (down) gaps in $AVGO $CRWD & $CIEN. The AI-Trade was under pressure therefore. $IWM & $RSP have been up pre market. Same with bonds $TLT.

After the open markets went sideways for like an hour and then started ripping higher. $SPY & $QQQ eventually managed to catch up to the $IWM/$RSP. This means that the dip in the AI-Trade got bought. Oil $USO closed lower on the session. Metals were mostly green today.

- The space theme $UFO and semis $XSD were the leading groups during the RTH. $CIBR $XBI $TAN $ITA also were amongst the leading themes.

Risk-Off and Cyclicals which were up pre market were the weakest groups $XLP $XRT $JETS $IYT & $KIE. Strong breadth overall though especially in comparison to yesterday.

Some names showing relative strength today: $NVDA $GOOGL $DOCN $STRL $AAOI $MRVL $NBIS $VIAV $RDDT $SMTC $COHR $RKLB $KTOS $AVAV

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- $SPYs 9 day winning streak snapped today. Both $SPY & $QQQ are still trading > 10-EMA though. Small-Caps $IWM were down > 1% but also still in reach of the most recent highs (ATHs). Seems like many people are desperate for a steeper market pullback at this point. This makes me think that we won't get one in the near term lol.

Oil $USO now back at 140$, WTI also reclaimed its 20-EMA. This probably also has been weighing on markets today. Metals were also down on the day.

- We've seen a bit of a Risk-Off rotation on the sector level today. $XLV $XLU $XLP $XLE were all amongst the leading groups during the RTH. Semis $XSD held up very well, new ATHs today.

The weakest groups consisted of $UFO $URA $IGV & $IBIT. Space theme $UFO not exactly looking forward towards the SpaceX IPO it seems. SaaS $IGV also took another hit. $MSFT $CRM already gave back most of the gains from the last few days. But then there are also stocks such as $TWLO $ORCL + the $CIBR names that are holding up much better. I think watching for separation within SaaS will be a good trade over the next few months.
Has been a weaker breadth day overall …

- What am I watching for tmr? Missed out $LLY today, remains a priority target to me. Also like $VIAV if optics get another leg higher.

Some names showing relative strength today: $SNDK $STRL $MRNA $QCOM $BWA $TTMI $NVTS $KLAC $WDC $ADI

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Markets keep climbing higher. $IWM with some nice RS today, close to a new ATH now. Bonds $TLT were ~flat. Oil (WTI) also finished the session up >1% while $USO is approaching the 140$ level again. I mentioned this trade (idea) over the weekend but fumbled it myself …

(Base) Metals continue to grind higher while the digital gold (BTC) conti es it collapse towards the current swing-lows.

- Today might have marked the end of the Software revenge trade $IGV xD Jk, $IGV today took a healthy breather after the incredible multi-day run we saw. $PANW earnings after the close will be important as well.

I think metals $XME and uranium $URA were the stand-out themes for the session. $TAN $XSD $KRE & $XLE also were strong during the RTH. Energy stocks $VLO $DINO $SLB were especially strong considering that Oil wasn't up all that much imo.

Besides $IGV, Bio $XBI & BTC syms $IBIT were the weakest groups during the RTH.

- What am I watching for tmr? I am wondering if $TLN can catch a bid if $URA keeps trending higher. Peers look shit $CEG $NRG & $VST. So not a high confidence idea at all. I also like $LLY on the 10-EMA dip. $TER & $NVT on (intraday) dips.

Some names showing relative strength today: $FLEX $LITE $AKAM $MRVL $CENX $FCX $AMAT $TER $BE $TSEM $CIFR

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Strong start to the week for stocks. New ATHs for $SPY $RSP & $QQQ. Oil (WTI) gained > 5% but closed well off the intraday highs after Trump assured that peace talks are going great (as always xD). Bonds $TLT started the week in the red but managed to close well off of their intraday lows.

Copper and Aluminium made new highs. Base metals continue to outshine the precious ones ;)

Anthropic filed their S-1 today which indicates an IPO within the next few months. Next one confirmed after SpaceX.

- Lots of action on the sector level today. $MAGS were down on the day although $NVDA was up > 5%. It seems like $META $AMZN & $AAPL were funding today's $NVDA move.

Besides that, Software $IGV $CIBR had another stellar day. $CIBR is now trading >6 x its ATR (14) above the 20-DMA. That never happened in the last 10 years - wild times. Another very decent breadth day …

$UFO was the big loser during the RTH. Besides that semis $XSD (equally weighted), $IBIT $XLU and $XLP were among the weaker groups during the RTH.

Some names showing relative strength today: $ANET $NBIS $CRWV $AAOI $MRVL $TWLO $SPHR $SNOW $OKTA $LITE $MDB

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[BreezeFor @BreezeFor1407]

Names that I am watching for next week and general market thoughts 👀

Indices are grinding higher. Participation is also high with both $IWM & $RSP trading at ATHs. Oil trending lower on peace talk hopes. Bonds yields (2& 10s) well off the recent highs. Not a whole lot to complain about for bulls.

We saw some heavy rotation on the tape towards the end of last week. Software $XSW was probably the biggest winner out of this. I wouldn't chase these names here. Also, it remains to be seen how much of that has been due to EOM & the MSCI rebalance.

Which stocks/sectors am I watching for next week?

Opticals $XTL
This group has been lagging vs. other AI-Infrastructure themes over the past month. $CIEN will report later in the week which could serve as a fresh catalyst for the group. I like that $VIAV $CIEN $COHR $GLW etc. managed to close off the lows on Friday. Think there could be a trade into the $CIEN report …

Industrials aerospace and defense $XAR $XLI
This sector had a very strong start to the year but gave back most of its gains ever since. Last week we got news that the US Admin. might think about establishing equity stakes in drone companies as a matter of national security. This ignited names like $UMAC $ONDS $AVAV etc. I think besides the drone names more traditional defense names such as $HWM $RTX & $ATRO are also looking interesting here.

Base Metals $XME $COPX $SLX
Talked about metals last week, idea played out ok. Steel $NUE $STLD is leading the way for now but copper $HBM $FCX $SCCO and aluminium $AA $CENX plays also catched some bids last week. $ATI (tungsten play) also trading at ATHs. So far I am only in $AA, might add another name next week if strength continues/we get constructive pullback buy opportunities.

Energy $XLE $XOP
This is more of a contrarian idea. Oil (WTI) is approaching the ceasefire lows (80-85$). So is $XLE. We could see a technical bounce here. Headlines will play a big role in that obviously. To play this one can either choose an ETF or just a basket of energy related names such as $XOM $IMO $VLO or else.

You can see my complete Watchlist in the Screenshot below 👇
(The Watchlist is tailored around possible continuation moves for trend following strategies)

Have a great week guys :)

[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Choppy end to another strong week for US equities. What stood out this week for me is that Small & Mid-Caps $RSP $IWM also participated in the move higher. Breadth seemed stronger than in the previous week(s) to me. Today's significant rotation into Software is just one way to prove that. Bonds $TLT also had a positive week.

Oil (WTI) lost ~10% this week, now trading close to previous support levels (80-85$). Could turn out to be a great mean reversion opportunity next week.

Not an easy week to trade though (at least for me). If you didn't catch that $IGV move early yesterday and with decent size the rotation OUT of AI-Hardware was definitely felt today.
Will be interesting to see how sustainable these moves are ultimately.

- Very noticeable rotation on the sector level today. Last trading day of the month and also MSCI rebalancing today - could explain some of the action ^^
Software saw some big follow-through $IGV $CIBR today. By far the strongest theme/group during the RTH. Besides that $GDX $IYT $XHB & $KWEB were amongst the leading themes.

The AI-Hardware complex was the main sponsor of today's Software move as $XTL & $XSD were part of the weakest groups for the session and saw some big outflows. Besides that $XLP $XLV & $TAN were amongst the weakest sectors during the RTH.

Some names showing relative strength today: $HOOD $CRM $CRWD $PANW $STRL $TEAM $OKTA $ORCL $ESTC $FIG $HUBS

HAGW :)

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Decent day for stocks. New ATHs for $SPY $QQQ & $IWM. Day started off in the red but after a new peace deal headline markets started to trend higher for the rest of the session - that always does the trick xD Bonds $TLT also green on the day. Oil $USO was about flat on the session (just like WTI).

- Strong breadth day. Metals $XME $GDX, Software $IGV $CIBR, Space $UFO and Solar $TAN were among the leading themes during today's RTH. Also, lots of groups that didn't get a lot of love directly are starting to catch bids right now. Today $XAR was the prime example for that, driven through the overnight drone news.

The optical theme $XTL continues to lag vs. other AI-Hardware peers $LITE $CIEN $GLW. Besides that Risk-Off tied sectors like $XLU $XLP & $XLE were lagging the most during the RTH.

- What am I watching for tmr? I like $BE from a charts perspective. Also think the datacenter construction basket (led by $STRL for now) could pop over the next few sessions. $FIX $MTZ & $PWR focus names for me. If the $XRA rally broaden out, $HWM remains a focus name for me.

Some names showing relative strength today: $ARM $ORCL $SNDK $AMD $LLY $TEAM $ONDS $HBM $FSLR $RDDT $HOOD

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[BreezeFor @BreezeFor1407]

Daily Report & Observations👀

- Choppy session ahead of some important earnings reports after the close $CRM & $MRVL. $SPY $QQQ & $IWM all ended the day roughly flat, trading sideways for most of the session. Bonds $TLT continued their winning streak. WTI Oil closed the session down ~5% on more deal talk.

- Some rotation on the sector level today. Semis $XSD saw some profit taking. The metals complex $XME (driven by steel $SLX and coal names), Solar $TAN, Transports $IYT and $MAGS were the leading groups during today's RTH.

Besides semis, Financials $XLF $KRE were acting the weakest. Mixed breadth once again.

- What am I watching for tmr? I think tonight's $CRM & $MRVL reports will have a big influence on how $IGV and $XSD will trade tmr/the next few days. If $CRM doesn't get killed I will be looking at some SaaS names tmr - no idea which yet tbh. If $MRVL pushes the AI-Hardware trade towards new highs I will target $VIAV & $FIX for entries.

Some names showing relative strength today: $HUT $CIFR $APP $IREN $RDDT $META $ENPH $FLEX $AAOI $ROKU $RKLB $CENX

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