A Risk-On Turn, Confirmed Three Ways — Aug 27, 2026

1. The Read

Three separate wires flipped risk-on on the same close, and that's the day's real story. The index-turn trigger on the midterm-window thesis fired — SPY's momentum recovered with a positive month, the first confirmed index strength since that thesis was filed — while the sector-strength gauge flipped from mixed to cyclicals-leading-defensives and the rotation board swung to its most risk-on read in weeks. The tape agreed in both directions: SPY closed +0.66% about 1% off its high, volatility sat at a becalmed 14.5, and the day's biggest loser was a defensive — Hormel fell 10.3% on nearly five times normal volume after a fiscal third quarter whose operating income stepped down to $110.9M from $217.1M the quarter before. Cyclicals led, defensives bled, and the macro tape didn't argue: the Fed's preferred inflation gauge came in only slightly hot, per the August 26 coverage.

The loudest tape was software. Okta rose 28.6% on nearly six times normal volume, Salesforce 22.6%, CrowdStrike 20.5%, Palo Alto 12.8% — an earnings-driven surge with a heavy short-covering flavor, and it lands on a cyber cohort that had quietly built eight-to-ten-week bases before the fireworks. NVIDIA's own blowout — the August 26 fiscal Q2 2027 report beat, guided above consensus, and carried Jensen Huang's forecast of roughly 70% revenue growth for fiscal 2028 — was worth +8.74% on 2.55x volume, leaving the stock 3.6% from its high atop an 18-week base. But here's the tell: almost none of it reached NVIDIA's neighbors. The neocloud stack that exists to resell that compute barely moved — the best of them gained under 5%, CoreWeave actually fell 1.4%, and the group still sits 27–52% below its highs. IREN's annual report, filed the same day, shows why the market is being choosy: $707M of revenue against a $1.05B operating loss, with a $3.0B buildout funded by capital raised, not earned. The coverage around NVIDIA's own print named customer-financing relationships as a scrutiny point, and this cohort is where that scrutiny points.

Two more things a reader should have on the desk. First, Shopify joins the closely-watched list with a fresh deep dive: revenue re-accelerating (up 33.7% year over year in Q2, with merchandise volume up 32% and free-cash-flow margin above 18%), a tape that has rebuilt from $94 to $154 with the $182 prior high overhead, and an entry discipline that says wait for the $138–150 flag or the breakout — not the middle. Second, the deal tape: IPO Newsroom reports Anthropic could be public within weeks — prospectus after Labor Day, listing possible by early October, with existing shareholders selling into the offering. Single-source and unconfirmed, but if it holds it is the first real float of frontier-AI paper and the liquidity event the AI-IPO thesis has been waiting for. Bitcoin, meanwhile, cleared $80,000 with a hot reading — the tape half of an old reopen trigger — but with no fresh geopolitical catalyst attached, it stays a watch, not a signal.

Watch tonight and Friday: the after-close print block is heavy — Marvell, Workday, Affirm, SentinelOne, Elastic, and Gap all report tonight, with BYD and the tanker pair Frontline and Hafnia on Friday. Marvell walks in carrying a 38.4% month; that's the bar it has to clear. And Friday's main event isn't a print at all: Fed Chairman Kevin Warsh delivers his Jackson Hole speech — six separate outlets are already framing it as the week's pivot point, one day after the Fed's preferred inflation gauge came in slightly hot.

Extended analysis

Market pulse · 7D

Leaders and laggards

close Aug 27, 2026

660 advancing 472 declining 70.4% above the 200-day Color is 7-day price direction, not a buy or sell call.

Leaders

top 7D gainers

MSTX+46.4%MSTU+44.6%ANF+38.9%OKTA+28.8%PACB+27.9%EOPSF+24.8%

Laggards

top 7D losers

DY-23.0%IBIDF-17.6% · as of 08-26 QTRX-15.1%SOI.PA-15.0% · as of 08-21 AEHR-14.7%CHRN-13.8%

2. What Changed Since the Last Brief

Screen CROSSINGS between the previous brief's close ( Aug 26, 2026 ) and this one — a name appears only on the session it crossed, not for as long as it stays there. Every name carries its before → after.

New oversold (5) — HRL RSI 37.9 → 21.5, VXX RSI 31 → 28.2, UVXY RSI 31 → 28.6, KLAR RSI 30.4 → 29.6, CW RSI 32 → 29.8.

New overbought (34) — CRM RSI 62.3 → 80, VEEV RSI 65.9 → 79.6, INTA RSI 67.8 → 75.2, APPN RSI 69.4 → 74.9, BTU RSI 65.1 → 73, MSTR RSI 65.9 → 72.9, BRZE RSI 63.8 → 72.5, CNR RSI 67.5 → 72.3, RVTY RSI 68.5 → 72.2, SIL RSI 69.8 → 72.2, BULL RSI 64.1 → 71.7, SNPS RSI 51.8 → 71.7, CRCL RSI 68.5 → 71.6, NEO RSI 64.6 → 71.4, NTNX RSI 61.4 → 71.3, METV RSI 66.5 → 71.2, +18 more.

Golden crossings (2) — GILD -0.13% → 0.08%, MNTN -0.77% → 0%.

Death crossings (7) — CLFD 0.28% → -0.28%, ICLN 0.11% → -0.21%, LIT 0.22% → -0.07%, LWLG 0.7% → -0.28%, NVAX 0.12% → 0%, RKLB 0.8% → -0.24%, XLU 0.07% → 0%.

New monsters (40) — OKTA 35.9% → 74.1%, PANW 48.8% → 67.3%, CRWD 35.5% → 62.7%, TENB 30.7% → 45.8%, AMS.SW 42.1% → 44.6%, S 29.1% → 42.7%, XMTR 30.1% → 41.9%, VEEV 23% → 41.8%, NET 29.5% → 39.9%, 8358.TWO 27.7% → 39.8%, TECL 28.1% → 39.7%, VRNS 28.5% → 38.8%, BRZE 25.5% → 38.7%, BUG 25.5% → 38.3%, CRDO 30.4% → 38%, ECO 29.8% → 37.8%, +24 more.

Newly near a 52-week high (38) — TEAM -8.44% → -0.06% from high, FIVN -7.46% → -0.2% from high, CRWD -16.84% → -0.49% from high, ZETA -5.55% → -0.56% from high, FTNT -8.45% → -0.64% from high, ECO -5.99% → -0.67% from high, FROG -6.47% → -0.76% from high, RBRK -9.74% → -0.82% from high, FRSH -6.52% → -0.87% from high, BUG -10.26% → -0.92% from high, OKTA -14.38% → -1.11% from high, CLOU -6.12% → -1.2% from high, SKYY -5.43% → -1.45% from high, CIBR -8.49% → -1.52% from high, HCC -5.38% → -2.64% from high, HACK -10.13% → -2.78% from high, +22 more.

Newly in an entry zone (2) — IBM $238.79 · $231.80-$244.00, MLM $528.59 · $510-$530.

3. Focus List

IONQ / RGTI / QBTS / QUBT / INFQ / XNDU / HQ / ARQQ / LAES — The quantum sleeve bounced (IONQ +6.1% today, +25.3% on the month) but every name is still in a deep drawdown and the quality screens veto the whole bucket as entries. Bounces in collapse regimes are trading tape, not thesis tape.

SparkTake

MSFT $504.91 70 +2.9% +4.9% +28.4% up Quietly +28.4% over 30 days to $504.91, RSI 70. The recovery month nobody talked about; extended short-term.

TSLA $354.81 54 +5.3% +2.7% +15.4% strong-down +2.6% today but still 11.6% below its 200-day with a flat year. On the washout-turn screen, which is a watch class, not an entry.

NVDA Reported 08-26 $227.98 61 +5.0% +5.1% +15.7% strong-up The print delivered: +8.74% on 2.55x volume, 3.6% off the high, 18-week base underneath, pivot at $236.54. Strongest name in the book and acting like it.

AAPL $314.58 53 +1.7% +1.1% -7.5% strong-up Flat day, −7.5% over 30 days, 8.7% off the high. Digesting, trend intact.

GOOGL $340.65 44 -2.9% +0.0% +2.1% weak-down Unchanged on the week, RSI 44, drifting down inside an intact trend that is up 64.2% over 12 months. Pullback, not breakdown.

AMZN $256.26 47 -4.1% -1.5% +11.0% strong-up Soft (−1.5% on the day), 10.8% off the high, trend still up. Nothing to do.

NET $308.23 58 +3.8% +10.5% +16.7% strong-up +8.2% today, +10.5% on the week, 7.2% off the high. Riding the software surge with real strength.

ARM $255.38 46 -2.2% +1.8% +4.3% weak-down +1.7% today, still 43.6% off the high after the spring damage. Deep pullback in a trend the year still supports (+81.6%).

NTR $73.06 62 +5.4% -0.1% +5.2% up Flat week at $73.06, RSI 62. Quiet and fine.

MU $933.90 51 +2.0% -4.6% +13.8% weak-down Cooling: −4.6% on the week, RSI 51, weak-down tag after the big run. The memory thesis's next test is the September 23 print.

SNDK Reported 08-24 $1484.95 49 +2.7% -7.3% +35.5% weak-down Same story, harder: −7.3% on the week, 36.9% off the high. The standing cycle-top caution (the NAND margin swing) holds.

OUST $36.54 43 -13.3% -3.7% +7.8% weak-down +1.9% today, 42.7% off the high, weak-down. The screens veto it as an entry on quality; it stays a speculative sleeve name.

IONQ $42.46 50 -0.1% +2.3% +25.3% strong-down strong-down · collapse

RGTI $16.44 48 -4.5% +2.4% +13.2% strong-down strong-down · collapse

QBTS $17.90 43 -9.8% -4.8% +1.5% strong-down strong-down · collapse

QUBT $8.65 50 -0.8% +6.1% +12.1% strong-down strong-down · collapse

INFQ $14.32 62 +15.8% +14.3% +49.8% up up · pullback

XNDU $10.38 46 -3.5% +2.7% +3.6% strong-down strong-down · collapse

HQ $16.47 48 +3.3% -5.0% +40.9% neutral neutral · too-young

ARQQ $21.46 52 -1.1% +2.5% +22.3% strong-up strong-up · pullback

LAES $2.61 50 +0.5% +4.0% +11.5% strong-down strong-down · collapse

PL $21.16 37 -7.0% -4.6% +3.6% strong-down Flat day, 59.1% off the high, RSI 37. The thesis screen calls it broken; needs a base before it's worth new attention.

ARGX $1058.90 72 +13.4% +1.9% +21.4% strong-up Sitting at the top of its yearly range after gaining 21.4% over 30 days, RSI 72. Strong, extended.

ILMN $227.69 73 +11.9% +6.6% +18.0% strong-up +6.6% on the week, 1.8% off the high, RSI 73. The genomics recovery is real; extended here.

SHOP $154.33 63 +5.8% +4.9% +18.5% up New to the list with a fresh deep dive: +18.5% over 30 days to $154.33, RSI 63, above both long averages. The setup is the discipline: a $138–150 flag or the $182 breakout, not a chase at mid-run.

The desk's takes cover 16 of 25 names; the rest show the mechanical tape state. 1 authored take matched no row (IONQ / RGTI / QBTS / QUBT / INFQ / XNDU / HQ / ARQQ / LAES) — kept in the chapter text above.

4. Sector Scorecard

Software / cyber — The day's violence: Okta +28.6%, Salesforce +22.6%, CrowdStrike +20.5%, Palo Alto +12.8%, all on multiples of normal volume. Earnings plus short-covering on top of freshly-built bases; the cohort is now extended short-term but structurally repaired. AI compute / neoclouds — Divergence. NVIDIA +8.74% on the blowout; the reseller stack flat-to-down and 27–52% off highs. The market is paying the chipmaker and discounting the middlemen's financing. Memory / storage — Cooling: MU −4.6% and SNDK −7.3% over 7 days, after monster runs. Marvell's print tonight and Micron's September 23 report are the next tests. Energy / oil services — Leadership: the services complex is +11.7% over 30 days with a golden cross, and the broader energy cohort is heavily represented among the market's strongest year-long trends. The cyclicals flip runs straight through here. Defensives / staples — Bleeding: Hormel −10.3% on its print, and the sector-strength gauge now has defensives lagging. Consistent with the risk-on turn. Precious metals — Gold at $422.60 (RSI 67), 2.6% above its watch level; silver +21.4% over 30 days. The hard-asset bid persists through the risk-on flip — worth noticing that both are working at once.

ETF tape · 42 funds

The desk's curated ETF read — one fund per lane it tracks, not every fund on the watchlists — grouped by what the fund is exposed to, and where each closed on the issue date. The big number and the tile's shade are that session's move (1D); 7D and 30D are the trailing windows behind it, and RSI is the 14-day reading (above 70 is stretched, below 30 washed out). Shades near flat stay gray — a ±0.25% day is not a color.

FundsAssessment

Copper 54–71 inflow +22.0% COPX —

Crypto 51–96 inflow +21.1% IBIT GBTC —

Hard Assets 44–82 inflow +21.1% IBIT GBTC GLD —

Thebuildout Nand Flash Memory 44–56 inflow +20.1% — —

Cloud SAAS 50–80 inflow +18.6% WCLD CLOU SKYY —

Cloud ETFS 68–71 inflow +16.4% WCLD IGV CLOU —

Thebuildout Semiconductor Test Burn In Equipment 46–55 inflow +16.4% — —

Thebuildout Lithium Battery Metals 55–71 inflow +15.9% — —

Tech Insider Buys 44–80 inflow +15.2% — —

Web Cloud 45–69 inflow +14.4% SKYY —

Cybersec 51–70 inflow +13.6% — —

Thebuildout Rare Earth Miners Processors 42–60 inflow +13.0% — —

Memory 42–56 inflow +13.0% DRAM DISK —

Thebuildout AI Storage Data Pipeline 40–62 inflow +12.2% — —

Thebuildout Data Center Fiber High Speed Cabling 40–61 inflow +12.2% — —

Government Compute 53–69 inflow +11.9% — —

IBB 40–73 inflow +11.9% — —

Thebuildout Data Center Switch Nic Vendors 44–61 inflow +11.6% — —

Thebuildout Lithography Equipment 40–72 inflow +11.2% — —

Ark 49–70 inflow +11.1% ARKK ARKW ARKG —

Supply Chain Traces 36–66 inflow +10.9% — —

Thebuildout High Speed Pcbs Server Networking 47–51 inflow +10.7% — —

Optical Supply Chain 35–59 inflow +10.3% LAZR —

Thebuildout HBM Memory 36–72 inflow +10.2% — —

CPU Shortage Supply Chain 44–56 inflow +10.0% SMH —

Adtech 35–69 inflow +9.5% — —

Thebuildout Connector High Speed Interconnect 45–56 inflow +9.4% — —

Thebuildout Optical Transceivers Modules 36–61 inflow +9.1% — —

Thebuildout Data Center Networking Silicon 42–61 inflow +8.6% — —

Nuclear Fuel Cycle 35–71 inflow +8.2% URA —

Biotech 46–73 inflow +8.2% XBI IBB —

Thebuildout Eda Software 48–72 inflow +8.0% — —

Quantum Computing 43–62 inflow +8.0% CQTM QTUM WQTM —

Watching 30–63 inflow +7.6% — —

Thebuildout Co Packaged Optics CPO 36–72 inflow +7.2% — —

Biotech Scan 42–73 inflow +7.1% XBI IBB LABU —

Watchlist n/a inflow +6.9% — —

AI 33–80 inflow +6.9% SMH BOTZ ROBO —

Thebuildout Space Data Centers Orbital Compute 43–61 inflow +6.3% — —

AI Infra 45–69 inflow +6.2% SMH —

Thebuildout Package Substrate Interposer Ecosystem 40–72 inflow +5.8% — —

Biotech Capital Cycle 33–75 inflow +5.7% XBI —

Thebuildout Custom AI Silicon Hyperscaler Asics 36–72 inflow +5.5% — —

Mag7 44–70 inflow +5.5% MAGS —

Thebuildout Metrology Inspection 39–73 inflow +5.3% — —

Thebuildout China AI Semiconductor Stack 40–72 inflow +5.2% — —

Thebuildout Advanced Packaging 2d3d Leaders 36–72 inflow +5.0% — —

Thebuildout Glass Core Panel Level Packaging 36–55 inflow +4.8% — —

ETF Ideas 28–71 inflow +4.8% QQQM QQQ VOO —

Thebuildout Dram Memory 42–52 inflow +4.8% — —

Canadian OG 55–67 inflow +4.5% — —

Trace Glp1 Manufacturing 47–73 inflow +4.3% — —

Bargain Bin 32–80 inflow +3.9% — —

Spacex S1 Supply Chain 37–64 inflow +3.5% ARKX —

Alt Managers 39–67 inflow +3.5% — —

Space 37–54 inflow +3.3% ARKX —

Volume Setups 40–77 inflow +3.1% USO —

Thebuildout Semiconductor Fab Construction Engineering 42–67 inflow +3.0% — —

WFE Test Metrology 36–51 inflow +2.4% — —

Geopolitical 33–71 inflow +2.4% USO GLD SLV —

Macro Commodities 42–75 inflow +2.4% USO GLD SLV —

Tech 44–70 inflow +2.1% XLK —

Thebuildout Photoresists Lithography Materials 40–57 inflow +2.1% — —

Nearline Storage 40–57 inflow +2.1% DISK —

Trace Lng Liquefaction Shipping And Regasification 52–61 inflow +2.0% — —

Thebuildout AI Data Center Operators Neoclouds 41–70 inflow +2.0% — —

Trace Iran War Second And Third Order Effects 47–63 neutral +2.0% — —

Escalation 37–65 neutral +1.8% — —

Energy 33–69 neutral +1.8% — —

Healthcare 37–80 neutral +1.8% — —

Healthcare Scan 37–80 neutral +1.8% — —

Semis 39–61 neutral +1.7% SMH SOXX —

Thebuildout Racks Chassis Mechanical Infrastructure 39–61 neutral +1.3% — —

Thebuildout Specialty Electronic Gases 42–57 neutral +1.0% — —

Thebuildout Specialty Gases Process Chemicals 41–57 neutral +1.0% — —

Thebuildout Power Supplies Psu Power Shelves 43–47 neutral +1.0% — —

Thebuildout Transformers Grid Interconnect 42–48 neutral +0.9% — —

Thebuildout Industrial Robotics Automation 38–61 neutral +0.2% — —

Thebuildout Natural Gas Turbines Dc Power 31–57 neutral +0.2% — —

EV Clean Energy 37–64 neutral -0.2% LIT TAN ICLN —

Thebuildout Semiconductor Ip Licensors 39–72 neutral -0.2% — —

Lazarus 35–68 neutral -0.7% — —

Thebuildout Etch Equipment 38–51 neutral -0.9% — —

Peptide Economy 40–68 neutral -0.9% — —

Thebuildout Semiconductor Bonding Interconnect Materials 38–57 neutral -1.1% — —

AI Infrastructure 33–69 neutral -1.4% SMH —

Thebuildout Ups Energy Storage Data Centers 31–61 neutral -1.5% — —

Thebuildout Ems Contract Electronics Manufacturing 40–56 neutral -1.7% — —

Thebuildout Data Center Power Semiconductors 39–57 neutral -1.7% — —

Robotics 33–79 neutral -1.9% BOTZ ROBO —

Consumer 33–66 neutral -2.0% — —

Faang 44–58 neutral -2.0% — —

Thebuildout Data Center Thermal Management 32–61 outflow -2.0% — —

War Sensitivity 33–71 outflow -2.6% COPX JETS USO —

Drone Defense 34–68 outflow -2.6% — —

Thebuildout Humanoid Robots Embodied AI 34–61 outflow -2.7% — —

Thebuildout Advanced Packaging Equipment 36–68 outflow -2.8% — —

Thebuildout Cmp Slurries Consumables 41–57 outflow -2.8% — —

Thebuildout AI Sensors Perception Hardware 38–63 outflow -2.9% — —

Financials 41–72 outflow -2.9% — —

Grid Buildout 34–49 outflow -3.0% — —

Chemicals 44–57 outflow -3.0% — —

Thebuildout Autonomous Vehicles Self Driving 32–61 outflow -3.0% — —

Thebuildout Trailing Edge Logic Specialty Foundries 36–55 outflow -3.0% — —

Thebuildout Power Distribution Pdus Busways 34–47 outflow -3.1% — —

Thebuildout Deposition Equipment 36–50 outflow -3.4% — —

AI Power 31–61 outflow -4.0% WGMI —

Neoclouds 38–60 outflow -4.1% — —

Thebuildout Fuel Cells Alternative Dc Power 31–57 outflow -4.2% — —

Food Security 46–68 outflow -5.1% — —

Consumer Staples 43–63 outflow -5.2% — —

Electricity 31–65 outflow -5.5% — —

Thebuildout Nuclear Energy Data Centers 33–70 outflow -6.3% — —

China Tech 37–50 outflow -6.5% KWEB FXI —

Livestock Disease 22–61 outflow -6.8% — —

Defensive 22–69 outflow -7.4% — —

Defense Contractors 33–57 outflow -7.4% — —

Cultural Thesis 37–54 outflow -8.9% — —

Retail 20–77 outflow -9.1% — —

Thebuildout Grid Infrastructure Transmission 33–51 outflow -10.2% — —

Thebuildout Renewable Energy Hyperscaler Ppas 33–60 outflow -10.3% — —

Travel Leisure 35–64 outflow -11.8% JETS —

Humanoid Robotics 39–49 outflow -13.6% BOTZ —

Airlines 31–40 outflow -14.0% JETS —

The desk's assessments cover 0 of 124 lanes. 6 authored assessments matched no lane (software / cyber, ai compute / neoclouds, memory / storage, energy / oil services, defensives / staples, precious metals) — kept in the chapter text above.

5. The Wild & Whacky

Bitcoin crossed $80,000 with an RSI north of 80 — and the prediction market handicapping "$80K by year-end" was already at 86.5% before it happened.
Okta moved 28.6% in one session. That is a mega-cap-adjacent identity vendor moving like a meme stock, on almost six times normal volume.
Wayfair — left for dead most of the year — is +44.3% over three months and sits on the steady-climber screen next to Exxon and Vertex.
Wheat: the grain fund WEAT printed RSI 75 at its 52-week high on nearly triple volume. Nobody was watching wheat.

6. What I'd Tell a Friend

The turn got confirmed three ways today, so stop treating strength as a trap — but entries are still conditions, not feelings. Shopify only makes sense on the $138–150 flag or through $182; NVIDIA's level is the $236.54 pivot over that 18-week base; the software names that just moved 20-plus percent in a day are exactly where chasing goes to die — let them base. The cyclical rotation (energy services, copper, materials) is the freshest leadership with the least froth. Skip the quantum bounce; the businesses aren't there yet. And keep one eye on tonight: Marvell after the close is the single print most likely to move the whole memory-and-AI-storage lane tomorrow.

7. The Front Page

Monster Watch · 202 of 1160 tracked names

MRNA+179% vs 200d ABCL+153% vs 200d TWST+148% vs 200d TXG+135% vs 200d AMLX+129% vs 200d IOVA+120% vs 200d CDNA+118% vs 200d DELL+94% vs 200d ABSI+85% vs 200d ATEX+84% vs 200d

Sector Rotation Radar · 124 themes

Flow means 30-day relative strength versus SPY, not dollars moving: Inflow beat SPY by more than 2 points, Outflow trailed by more than 2, and Neutral stayed inside that band.

Copper Inflow +26.1% 30D Copper miners and broad copper funds tracking electrification, grid, construction, and data-center demand. Crypto Inflow +25.2% 30D Crypto: BTC, ETH, SOL, major alts (via yfinance -USD tickers), spot ETFs (IBIT, GBTC, ETHE, BITO), crypto equities (MSTR, COIN, miners), crypto ETF (BITQ) Hard Assets Inflow +25.2% 30D The debasement / safe-haven lane: what bids when trust in paper falls, and what is being sold to fund it. Crypto core (BTC-USD, ETH-USD) + spot BTC ETFs (IBIT, GBTC) + BTC-proxy equities (MSTR, COIN); gold and silver… Thebuildout Nand Flash Memory Inflow +24.1% 30D TheBuildout · NAND Flash Memory — their curated supply-chain list (https://thebuildout.ai/lists/nand-flash-memory), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the free-tier… Cloud SAAS Inflow +22.6% 30D Cloud/SaaS survivors - AI monetization plays. Profitable leaders + high-growth candidates. Cloud ETFS Inflow +20.5% 30D Cloud ETFs - contrarian SaaS thesis. AI accelerates SaaS, survivors will consolidate. Thebuildout Semiconductor Test Burn In Equipment Inflow +20.5% 30D TheBuildout · Semiconductor Test & Burn-In Equipment — their curated supply-chain list (https://thebuildout.ai/lists/semiconductor-test-burn-in-equipment), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Lithium Battery Metals Inflow +20.0% 30D TheBuildout · Lithium & Battery Metals — their curated supply-chain list (https://thebuildout.ai/lists/lithium-battery-metals), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the… Tech Insider Buys Inflow +19.3% 30D Tech-centric insider buying monitor. Combines our tech universe tickers with Finviz insider buying discovery. Goal: find tech names where insiders are putting their own money in — the strongest conviction signal. Run… Web Cloud Inflow +18.5% 30D Web/Cloud Infrastructure - Edge computing, CDN, databases, data platforms, observability Cybersec Inflow +17.7% 30D Cybersecurity & Networking - firewall/SASE (FTNT, PANW — PANW absorbed CYBR via 2025 acquisition), endpoint (CRWD, S), zero-trust (ZS, OKTA), edge/CDN (NET), embedded/automotive QNX + cybersec (BB BlackBerry — surfaced… Thebuildout Rare Earth Miners Processors Inflow +17.1% 30D TheBuildout · Rare Earth Miners & Processors — their curated supply-chain list (https://thebuildout.ai/lists/rare-earth-miners-processors), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… Memory Inflow +17.1% 30D Memory & Storage - HBM/DRAM (MU), HDDs/SSDs (STX, WDC), thematic ETF (DRAM Roundhill Memory ETF — added 2026-05-06 after launching ~April 2026; note refresh 2026-05-10: now +101.9% off $26.14 low to $52.80 ATH, +13.4%… Thebuildout AI Storage Data Pipeline Inflow +16.3% 30D TheBuildout · AI Storage & Data Pipeline — their curated supply-chain list (https://thebuildout.ai/lists/ai-storage-data-pipeline), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the… Thebuildout Data Center Fiber High Speed Cabling Inflow +16.3% 30D TheBuildout · Data Center Fiber & High-Speed Cabling — their curated supply-chain list (https://thebuildout.ai/lists/data-center-fiber-high-speed-cabling), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Government Compute Inflow +16.0% 30D Federal IT and mission-software contractors spanning data platforms, consulting, cybersecurity, and defense intelligence. IBB Inflow +15.9% 30D Biotechnology cohort spanning large-cap therapeutics, rare disease, gene editing, diagnostics, life-science tools, and CROs. Thebuildout Data Center Switch Nic Vendors Inflow +15.7% 30D TheBuildout · Data Center Switch & NIC Vendors — their curated supply-chain list (https://thebuildout.ai/lists/data-center-switch-nic-vendors), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… Thebuildout Lithography Equipment Inflow +15.3% 30D TheBuildout · Lithography Equipment — their curated supply-chain list (https://thebuildout.ai/lists/lithography-equipment), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the… Ark Inflow +15.2% 30D ARK Invest ETFs - tracking Cathie Wood's funds Supply Chain Traces Inflow +15.0% 30D Supply chain trace discoveries — tickers found by our autonomous research agents across all traces. Tungsten (KMT Kennametal, CRS Carpenter; Almonty Layer-1 pure-play pending correct-ticker re-add — was wrongly tracked… Thebuildout High Speed Pcbs Server Networking Inflow +14.8% 30D TheBuildout · High-Speed PCBs (Server/Networking Grade) — their curated supply-chain list (https://thebuildout.ai/lists/high-speed-pcbs-server-networking), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Optical Supply Chain Inflow +14.3% 30D Optical/photonics supply chain — AI optical supercycle plays. Laser sources (LITE, COHR), optical networking (CIEN), silicon photonics (ALAB, SMTC), foundry (TSEM), next-gen modulators (LWLG, SIVEF/Sivers Semiconductors… Thebuildout HBM Memory Inflow +14.2% 30D TheBuildout · HBM Memory — their curated supply-chain list (https://thebuildout.ai/lists/hbm-memory), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the free-tier visible head: 18 of… CPU Shortage Supply Chain Inflow +14.1% 30D AI compute shortage supply chain across CPUs, high-speed connectivity, assembly and test, and semiconductor baskets. Adtech Inflow +13.6% 30D Ad-tech lane: independent SSP/DSP (MGNI PUBM TTD), performance/open-web (APP CRTO TBLA), verification (DV), data (ZETA), CTV (ROKU MNTN). Added 2026-08-06 on user request; IAS excluded (Novacap take-private, delisted… Thebuildout Connector High Speed Interconnect Inflow +13.5% 30D TheBuildout · Connector & High-Speed Interconnect Suppliers — their curated supply-chain list (https://thebuildout.ai/lists/connector-high-speed-interconnect), imported 2026-08-19 as a brand-tagged watchlist. Our slice… Thebuildout Optical Transceivers Modules Inflow +13.1% 30D TheBuildout · Optical Transceivers & Modules — their curated supply-chain list (https://thebuildout.ai/lists/optical-transceivers-modules), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… Thebuildout Data Center Networking Silicon Inflow +12.6% 30D TheBuildout · Data Center Networking Silicon — their curated supply-chain list (https://thebuildout.ai/lists/data-center-networking-silicon), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… Nuclear Fuel Cycle Inflow +12.3% 30D Nuclear fuel cycle — AI-DRIVEN nuclear-demand thesis (sibling to ai-power-bottleneck, NOT a rotation away from AI; the mechanism is COMPLEMENTARY — hyperscaler data-center power demand pulls through the entire nuclear… Biotech Inflow +12.3% 30D Biotech - pharma innovation (LLY), lab tools (TMO), mRNA (MRNA), gene editing (CRSP, NTLA, VRTX), immunotherapy (IBRX) Thebuildout Eda Software Inflow +12.1% 30D TheBuildout · EDA Software — their curated supply-chain list (https://thebuildout.ai/lists/eda-software), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the free-tier visible head: 6… Quantum Computing Inflow +12.1% 30D Quantum-compute pure-plays. Gate/trapped-ion (IONQ), superconducting (RGTI/Rigetti), annealing (QBTS/D-Wave), photonic (QUBT/Quantum Computing Inc, XNDU/Xanadu — de-SPAC 2026-03), cold-atom/Rydberg (INFQ/Infleqtion —… Watching Inflow +11.6% 30D Watching/Learning - curious but not trading. KOPN added 2026-05-10 from @JasonL_Capital 2026-05-06 'under $10' tweet (reference_jasonl_capital_kopn_check.md). Kopin Corporation, $3.97 microcap. Claimed: MicroLED… Thebuildout Co Packaged Optics CPO Inflow +11.2% 30D TheBuildout · Co-Packaged Optics (CPO) — their curated supply-chain list (https://thebuildout.ai/lists/co-packaged-optics-cpo), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the… Biotech Inflow +11.2% 30D Biotech scan - broader universe for opportunity discovery. ETFs (XBI, IBB, IBBQ), Large cap pharma (ABBV, GILD, AMGN, LLY, VRTX, REGN), GLP-1 (NVO, LLY), mRNA (BNTX, MRNA), gene editing (CRSP, BEAM, EDIT, NTLA),… Watchlist Inflow +11.0% 30D AI Inflow +11.0% 30D AI scan - full universe. ETFs (SMH semis, BOTZ robotics/AI, ROBO robotics, AIQ global AI). Big Tech (NVDA, AMZN, MSFT, GOOGL, META, TSLA — TSLA for FSD/Optimus/Dojo AI exposure), Chips (AMD, AVGO, MRVL, ARM, SMCI, QCOM,… Thebuildout Space Data Centers Orbital Compute Inflow +10.3% 30D TheBuildout · Space Data Centers & Orbital Compute — their curated supply-chain list (https://thebuildout.ai/lists/space-data-centers-orbital-compute), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… AI Infra Inflow +10.3% 30D AI Infrastructure - hyperscalers (AMZN), GPUs (NVDA), lithography (ASML), power generation (TAC — TransAlta, Canadian IPP: hydro/wind/solar/battery/gas, NOT nuclear; label corrected 2026-06-19 from 'nuclear'), foundry… Thebuildout Package Substrate Interposer Ecosystem Inflow +9.8% 30D TheBuildout · Package Substrate & Interposer Ecosystem — their curated supply-chain list (https://thebuildout.ai/lists/package-substrate-interposer-ecosystem), imported 2026-08-19 as a brand-tagged watchlist. Our slice… Biotech Capital Cycle Inflow +9.7% 30D AI-bio platforms + lab-tools/consumables + CROs — biotech capital-cycle / IPO-window-levered picks-and-shovels (perspective: biotech-capital-cycle) Thebuildout Custom AI Silicon Hyperscaler Asics Inflow +9.6% 30D TheBuildout · Custom AI Silicon & Hyperscaler ASICs — their curated supply-chain list (https://thebuildout.ai/lists/custom-ai-silicon-hyperscaler-asics), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Mag7 Inflow +9.6% 30D Magnificent 7 - The seven largest US tech companies Thebuildout Metrology Inspection Inflow +9.4% 30D TheBuildout · Metrology & Inspection — their curated supply-chain list (https://thebuildout.ai/lists/metrology-inspection), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the… Thebuildout China AI Semiconductor Stack Inflow +9.3% 30D TheBuildout · China AI Semiconductor Stack — their curated supply-chain list (https://thebuildout.ai/lists/china-ai-semiconductor-stack), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines… Thebuildout Advanced Packaging 2d3d Leaders Inflow +9.1% 30D TheBuildout · Advanced Packaging (2.5D/3D) Leaders — their curated supply-chain list (https://thebuildout.ai/lists/advanced-packaging-2d3d-leaders), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Glass Core Panel Level Packaging Inflow +8.9% 30D TheBuildout · Glass Core & Panel-Level Packaging — their curated supply-chain list (https://thebuildout.ai/lists/glass-core-panel-level-packaging), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… ETF Ideas Inflow +8.8% 30D ETF Ideas - Index (QQQM, QQQ, VOO, VTI), 3x Leveraged (TQQQ, SOXL, SPXL, TECL — paper-book legal instruments only; the full exempt set lives in config/avoid-instruments.json), Inverse (SOXS — degen Rule 6, data-only),… Thebuildout Dram Memory Inflow +8.8% 30D TheBuildout · DRAM Memory — their curated supply-chain list (https://thebuildout.ai/lists/dram-memory), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the free-tier visible head: 4… Canadian OG Inflow +8.6% 30D Canadian oil & gas — ATH (Athabasca), TVE (Tamarack Valley), WCP (Whitecap), BTE (Baytex), GTE (Gran Tierra). Theo Loveday picks. EWC (Canada ETF) and XLE (Energy sector) as benchmarks. NNRG (Ninepoint Energy Fund, Eric… Trace Glp1 Manufacturing Inflow +8.3% 30D GLP-1 / peptide manufacturing supply chain — from research-trace blind test (2026-04-12) + research-picks refresh (2026-05-05). HPLC purification (WAT 3/3 unanimous), chromatography resins (DHR/Cytiva 3/3), injectable… Bargain Bin Inflow +8.0% 30D Bargain Bin - Great companies at bad prices. 70 quality mega/large-caps filtered for oversold conditions (RSI < 30, below SMA). The scan finds which ones are currently on sale. Sectors: big tech, SaaS, healthcare,… Spacex S1 Supply Chain Inflow +7.5% 30D SpaceX S-1 picks-and-shovels + space peers screen (2026-06-04): AI-compute/power/optical supply chain, space industrial base, disrupted incumbents, holders. Tied to spacex-s1 investigations. Alt Managers Inflow +7.5% 30D Publicly-traded alternative asset managers — fee-related-earnings cohort plus the Brookfield parent. Brookfield axis: BAM (Brookfield Asset Management — fee-light spinout, ~$540B FBE AUM, FRE-growth thesis), BN… Space Inflow +7.4% 30D Space plays — expanded 2026-05-27 for SpaceX IPO catalyst (debut 2026-06-12 NASDAQ:SPCX, $1.75T-$2T target, $40-80B raise, largest IPO ever). Originally only RKLB / ARKX / GSAT (3 names). Launch / rockets: RKLB… Volume Setups Inflow +7.2% 30D Stocks in established uptrends that remain near a volume shelf and are showing constructive participation. Refreshed on demand and merged across runs. Thebuildout Semiconductor Fab Construction Engineering Inflow +7.1% 30D TheBuildout · Semiconductor Fab Construction & Engineering — their curated supply-chain list (https://thebuildout.ai/lists/semiconductor-fab-construction-engineering), imported 2026-08-19 as a brand-tagged watchlist.… WFE Test Metrology Inflow +6.5% 30D Semiconductor wafer-fab equipment, process control, metrology, test, packaging, and materials suppliers. Geopolitical Inflow +6.5% 30D Geopolitical risk watchlist - defense contractors (LMT/RTX/NOC/GD/LHX/BA), oil producers (XOM/CVX/OXY/COP/SLB/HAL/DVN/EOG — XOM absorbed PXD/Pioneer via 2024 acquisition), energy ETFs (USO/UNG/XLE/OIH/XOP), safe havens… Macro Commodities Inflow +6.4% 30D Macro & commodities - oil (USO/BNO), natgas (UNG), gold (GLD/GDX/GDXJ/GDRZF), silver (SLV/SIL), copper (COPX), agriculture (DBA/WEAT/CORN/SOYB/AGRO), specialty chemicals (CE), uranium (URA), dollar (UUP), euro (FXE),… Tech Inflow +6.2% 30D Big Tech Thebuildout Photoresists Lithography Materials Inflow +6.2% 30D TheBuildout · Photoresists & Lithography Materials — their curated supply-chain list (https://thebuildout.ai/lists/photoresists-lithography-materials), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Nearline Storage Inflow +6.2% 30D High-capacity storage makers and upstream media and component suppliers serving hyperscale and AI data centers. Trace Lng Liquefaction Shipping And Regasification Inflow +6.1% 30D LNG supply-chain bottlenecks across liquefaction, shipping, and regasification. Research trace from 2026-04-12 with 2 unanimous and 2 strong-convergence findings. Thebuildout AI Data Center Operators Neoclouds Inflow +6.1% 30D TheBuildout · AI Data Center Operators & NeoClouds — their curated supply-chain list (https://thebuildout.ai/lists/ai-data-center-operators-neoclouds), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Trace Iran War Second And Third Order Effects Neutral +6.0% 30D Second- and third-order Iran-war exposures across shipping, insurance, pharmaceutical inputs, rare earths, and fertilizer. Research trace from 2026-04-12 with 1 unanimous and 3 strong-convergence findings. Escalation Neutral +5.9% 30D Escalation scenario watchlist — Gulf infrastructure strike / Iran retaliation plays. US LNG exporters (LNG/CQP/VG), industrial gas/helium (LIN/APD), NGL midstream (TRGP/EPD/ET/OKE), nat gas (UNG/FCG), LNG shipping… Energy Neutral +5.9% 30D Energy - data center power (BE, EOSE, TAC, CEG, GEV, TLN), nuclear (CEG), solar (FSLR, ENPH), utilities (NEE). Overlaps with ai-infra for power plays. Healthcare Neutral +5.9% 30D Healthcare/Pharma/Medical Devices - Medical devices (SYK, ISRG, MDT, DXCM, ABT), pharma (PFE, MRK, LLY, GILD, AMGN, BIIB, VRTX, MRNA), healthcare services (JNJ, UNH, CVS), lab/diagnostics (TMO), life sciences software… Healthcare Neutral +5.9% 30D Healthcare sector scan - Medical devices (SYK, ISRG, MDT, DXCM, ABT), pharma (PFE, MRK, LLY, GILD, AMGN, BIIB, VRTX, MRNA), healthcare services (JNJ, UNH, CVS, GRDN specialty pharmacy), lab/diagnostics (TMO), life… Semis Neutral +5.8% 30D Semiconductors - GPUs (NVDA, AMD), foundry (TSM), networking chips (AVGO, MRVL), architecture (ARM), mobile (QCOM), equipment (ASML, AMAT), packaging (AMKR), analog/power (ON), programmable-logic (LSCC - added… Thebuildout Racks Chassis Mechanical Infrastructure Neutral +5.4% 30D TheBuildout · Racks, Chassis & Mechanical Infrastructure — their curated supply-chain list (https://thebuildout.ai/lists/racks-chassis-mechanical-infrastructure), imported 2026-08-19 as a brand-tagged watchlist. Our… Thebuildout Specialty Electronic Gases Neutral +5.1% 30D TheBuildout · Specialty & Electronic Gases — their curated supply-chain list (https://thebuildout.ai/lists/specialty-electronic-gases), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of… Thebuildout Specialty Gases Process Chemicals Neutral +5.1% 30D TheBuildout · Specialty Gases & Process Chemicals — their curated supply-chain list (https://thebuildout.ai/lists/specialty-gases-process-chemicals), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Power Supplies Psu Power Shelves Neutral +5.1% 30D TheBuildout · Power Supplies (PSU) & Power Shelves — their curated supply-chain list (https://thebuildout.ai/lists/power-supplies-psu-power-shelves), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Transformers Grid Interconnect Neutral +5.0% 30D TheBuildout · Transformers & Grid Interconnect Hardware — their curated supply-chain list (https://thebuildout.ai/lists/transformers-grid-interconnect), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Industrial Robotics Automation Neutral +4.3% 30D TheBuildout · Industrial Robotics & Automation — their curated supply-chain list (https://thebuildout.ai/lists/industrial-robotics-automation), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… Thebuildout Natural Gas Turbines Dc Power Neutral +4.3% 30D TheBuildout · Natural Gas Turbines & DC Power Generation — their curated supply-chain list (https://thebuildout.ai/lists/natural-gas-turbines-dc-power), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… EV Clean Energy Neutral +3.9% 30D EV makers + clean energy + related ETFs. Solar tracking (NXT Nextracker), industrial energy storage/batteries (ENS EnerSys). Lithium pure-plays added 2026-05-10 from… Thebuildout Semiconductor Ip Licensors Neutral +3.8% 30D TheBuildout · Semiconductor IP Licensors — their curated supply-chain list (https://thebuildout.ai/lists/semiconductor-ip-licensors), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of… Lazarus Neutral +3.4% 30D Fallen-quality WATCH list (NOT buys): former leaders down 40-80% held in quarantine until they prove a trend reversal — the 'Lazarus signal' (pop -> flag -> breakout / life pouring in). Entry only on confirmation, never… Thebuildout Etch Equipment Neutral +3.2% 30D TheBuildout · Etch Equipment — their curated supply-chain list (https://thebuildout.ai/lists/etch-equipment), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the free-tier visible… Peptide Economy Neutral +3.1% 30D Peptide / GLP-1 economy — principals + next-gen pipeline + consumer/distribution layer. Surfaced 2026-05-05 as a coverage gap: no focused lens existed despite GLP-1s being the largest pharma run of the past 18 months.… Thebuildout Semiconductor Bonding Interconnect Materials Neutral +3.0% 30D TheBuildout · Semiconductor Bonding & Interconnect Materials — their curated supply-chain list (https://thebuildout.ai/lists/semiconductor-bonding-interconnect-materials), imported 2026-08-19 as a brand-tagged… AI Infrastructure Neutral +2.7% 30D Complete AI Infrastructure - power, cooling, electrical, construction, data/optical connectivity (NOK Nokia), manufacturing, power connectors, REITs, materials, backup, water, AI compute providers (NBIS Nebius, OSS One… Thebuildout Ups Energy Storage Data Centers Neutral +2.6% 30D TheBuildout · UPS & Energy Storage for Data Centers — their curated supply-chain list (https://thebuildout.ai/lists/ups-energy-storage-data-centers), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Ems Contract Electronics Manufacturing Neutral +2.4% 30D TheBuildout · EMS / Contract Electronics Manufacturing — their curated supply-chain list (https://thebuildout.ai/lists/ems-contract-electronics-manufacturing), imported 2026-08-19 as a brand-tagged watchlist. Our slice… Thebuildout Data Center Power Semiconductors Neutral +2.4% 30D TheBuildout · Data Center Power Semiconductors — their curated supply-chain list (https://thebuildout.ai/lists/data-center-power-semiconductors), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Robotics Neutral +2.1% 30D Robotics & physical-AI across the stack — seeded 2026-06-27 from @mkfilko + @MMatters22596 robotics baskets (live rotation theme). Layers: brain/compute (NVDA Isaac/GR00T, BB/QNX OS), vision (CGNX, AMBA), lidar/sensors… Consumer Neutral +2.1% 30D Consumer brands - ETFs (XLY consumer discretionary). Athleisure (AS, LULU, NKE, DECK, CROX), food/beverage (SBUX, CMG, DPZ), health/wellness (HIMS), payments (PYPL, XYZ — Block Inc, ticker renamed from SQ in 2025),… Faang Neutral +2.1% 30D FAANG - Facebook (Meta), Apple, Amazon, Netflix, Google Thebuildout Data Center Thermal Management Outflow +2.0% 30D TheBuildout · Data Center Thermal Management (Air & Liquid) — their curated supply-chain list (https://thebuildout.ai/lists/data-center-thermal-management), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… War Sensitivity Outflow +1.5% 30D War-sensitivity watchlist — stocks ranked by their reaction to ceasefire fake-outs (TACO trades). Tier 1 fast movers: COPX/JETS/UAE (5-9% pops). Tier 2 hidden oil-sensitive: W/RH/ATZ/AS (heavy-goods shipping costs).… Drone Defense Outflow +1.4% 30D Drone & counter-drone defense — offense (AVAV AeroVironment, AVEX AEVEX Corp — newly-public April 2026 full-stack drone + AI ISR, KTOS Kratos, RCAT Red Cat — small-cap manufacturer), counter-drone (EOPSF Electro Optic… Thebuildout Humanoid Robots Embodied AI Outflow +1.4% 30D TheBuildout · Humanoid Robots & Embodied AI — their curated supply-chain list (https://thebuildout.ai/lists/humanoid-robots-embodied-ai), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines… Thebuildout Advanced Packaging Equipment Outflow +1.2% 30D TheBuildout · Advanced Packaging Equipment — their curated supply-chain list (https://thebuildout.ai/lists/advanced-packaging-equipment), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines… Thebuildout Cmp Slurries Consumables Outflow +1.2% 30D TheBuildout · CMP Slurries & Consumables — their curated supply-chain list (https://thebuildout.ai/lists/cmp-slurries-consumables), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the… Thebuildout AI Sensors Perception Hardware Outflow +1.2% 30D TheBuildout · AI Sensors & Perception Hardware — their curated supply-chain list (https://thebuildout.ai/lists/ai-sensors-perception-hardware), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… Financials Outflow +1.1% 30D Financials - Banks/Investment firms (JPM, BAC, GS, MS, BLK), brokers (SCHW, HOOD), insurance (AMP, PGR, MET, BDN), fintech (FIS, FISV), card-network (COF — absorbed Discover/DFS via 2025 acquisition), exchanges (CME),… Grid Buildout Outflow +1.1% 30D Transformer, switchgear, electrical-equipment, and engineering contractors exposed to transmission and data-center grid buildout. Chemicals Outflow +1.1% 30D Chemicals & specialty materials — industrial cycle, energy input costs, diversified chemical producers. Thebuildout Autonomous Vehicles Self Driving Outflow +1.0% 30D TheBuildout · Autonomous Vehicles & Self-Driving — their curated supply-chain list (https://thebuildout.ai/lists/autonomous-vehicles-self-driving), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Trailing Edge Logic Specialty Foundries Outflow +1.0% 30D TheBuildout · Trailing-Edge Logic & Specialty Foundries — their curated supply-chain list (https://thebuildout.ai/lists/trailing-edge-logic-specialty-foundries), imported 2026-08-19 as a brand-tagged watchlist. Our… Thebuildout Power Distribution Pdus Busways Outflow +1.0% 30D TheBuildout · Power Distribution (PDUs, Busways, Switchgear) — their curated supply-chain list (https://thebuildout.ai/lists/power-distribution-pdus-busways), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Deposition Equipment Outflow +0.6% 30D TheBuildout · Deposition Equipment — their curated supply-chain list (https://thebuildout.ai/lists/deposition-equipment), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR lines of the free-tier… AI Power Outflow +0.0% 30D AI Power Bottleneck — Leopold Aschenbrenner's watts-per-rack thesis. Fuel cells (BE), distributed power (PSIX, BW), nat gas (EQT, LBRT, PUMP), BTC miners pivoting to AI compute (CORZ, IREN, APLD, CIFR, HUT, BTDR, CLSK,… Neoclouds Outflow -0.0% 30D GPU cloud and AI infrastructure providers, including power-rich data-center and former crypto-mining operators. Thebuildout Fuel Cells Alternative Dc Power Outflow -0.1% 30D TheBuildout · Fuel Cells & Alternative DC Power — their curated supply-chain list (https://thebuildout.ai/lists/fuel-cells-alternative-dc-power), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Food Security Outflow -1.1% 30D Food security — geopolitical energy shock cascade play. Fertilizer (NTR Nutrien, MOS Mosaic, CF Industries), farm equipment (DE Deere), grain trading (ADM Archer-Daniels-Midland, BG Bunge Global — added 2026-05-10, $24B… Consumer Staples Outflow -1.1% 30D Consumer staples - Johnson & Johnson, Procter & Gamble, Coca-Cola, PepsiCo, Colgate, Clorox, Mondelez, General Mills. Recession-proof dividend plays. BALL = Ball Corp aluminum packaging (KO/PEP customer supply-chain… Electricity Outflow -1.4% 30D The electricity layer of the AI buildout, consolidated: generation, grid and transmission, transformers, distribution and busways, turbines, nuclear, fuel cells, UPS and storage, power semiconductors and PSUs. Created… Thebuildout Nuclear Energy Data Centers Outflow -2.2% 30D TheBuildout · Nuclear Energy for Data Centers — their curated supply-chain list (https://thebuildout.ai/lists/nuclear-energy-data-centers), imported 2026-08-19 as a brand-tagged watchlist. Our slice = US-listed/ADR… China Tech Outflow -2.4% 30D Chinese internet and platform leaders with broad mainland, Hong Kong, and technology ETF exposure. Livestock Disease Outflow -2.7% 30D Livestock-disease / beef supply-shock — single consolidated watchlist + alert hub for the New World Screwworm → cattle-supply thesis (first US case 2026-06-03; US herd 75-yr low; record beef). ROLES: (A) Animal-health… Defensive Outflow -3.3% 30D Defensive/Value - ETFs (XLP consumer staples, XLU utilities). Telecom (T, VZ), consumer staples (WMT, MCD, COST, SBUX, TGT), food/protein (HRL, TSN, PPC), industrial (ECL), home improvement (HD, LOW). Rotation… Defense Contractors Outflow -3.4% 30D Defense contractors - ETFs (ITA aerospace/defense, PPA aerospace/defense). Lockheed Martin, RTX (Raytheon), Northrop Grumman, General Dynamics, L3Harris, Boeing. Cultural Thesis Outflow -4.8% 30D Cultural thesis watchlist — stocks driven by consumer behavior shifts, social arbitrage signals, and cultural cascades. HIMS = telehealth / GLP-1 cultural arbitrage (replaced BRBR as the protein-economy vehicle… Retail Outflow -5.0% 30D Retail/Consumer - ETFs (XRT retail). Home Improvement (HD, LOW), E-commerce (SHOP), Athletic/Apparel (AS, LULU, NKE, DECK, CROX, ANF), Food/Beverage (SBUX, MCD, CMG, DPZ, YUM), General Retail (COST, WMT, TGT, TJX) Thebuildout Grid Infrastructure Transmission Outflow -6.1% 30D TheBuildout · Grid Infrastructure & Transmission — their curated supply-chain list (https://thebuildout.ai/lists/grid-infrastructure-transmission), imported 2026-08-19 as a brand-tagged watchlist. Our slice =… Thebuildout Renewable Energy Hyperscaler Ppas Outflow -6.2% 30D TheBuildout · Renewable Energy Developers (Hyperscaler PPAs) — their curated supply-chain list (https://thebuildout.ai/lists/renewable-energy-hyperscaler-ppas), imported 2026-08-19 as a brand-tagged watchlist. Our slice… Travel Leisure Outflow -7.7% 30D Travel & leisure — war-ends playbook beneficiary. Oil drop → travel cost reduction, pent-up demand, cruise recovery. Humanoid Robotics Outflow -9.5% 30D Humanoid robotics components — sensors and motion control for the 2027-2028 humanoid wave. Component layer: VPG (Vishay Precision Group — strain gauges and force/torque sensors), MOG-A (Moog — precision motion… Airlines Outflow -9.9% 30D Airlines — war-ends playbook beneficiary. Oil drop → margin expansion, leisure travel recovery. JETS ETF for broad exposure. (Removed 2026-05-04: HA absorbed by ALK via 2024 acquisition; SAVE bankrupt + delisted…

8. Key Signals

Recorded signals · 70

ABCL: parabolic → uptrendANET: pullback → uptrendAPH: pullback → uptrendARKK: basing → breakoutBESIY: pullback → collapseBHP: basing → uptrendBIIB: uptrend → breakoutBP: uptrend → pullbackCBZ: parabolic → pullbackCLF: downtrend → pullbackCNXN: pullback → uptrendCORN: uptrend → breakoutCOST: pullback → basingCVX: basing → uptrendDELL: pullback → uptrendDOGE-USD: parabolic → pullbackDY: pullback → collapseHON: pullback → basingIMO: basing → uptrendINFQ: downtrend → pullbackKRC: pullback → basingMAR: basing → pullbackMOAT: breakout → uptrendMP: downtrend → pullback

Insider filings · 200

CPAY2026-08-25 ABNB2026-08-26 CHYM2026-08-26 CHYM2026-08-26 BX2026-08-26 CRS2026-08-27 FTI2026-08-26 MU2026-08-25 CON2026-08-25 JHX2026-08-25 FIX2026-08-27 CRWV2026-08-26 SCHW2026-08-26 LASR2026-08-25

9. Paper Trade Report Card

yolo $111,818 +11.8% 11 open · updated 2026-08-27

claude trader $109,854 +9.9% 22 open · updated 2026-08-27

dip buyer $100,000 0.0% 0 open · updated n/a

momentum trader $99,268 -0.7% 3 open · updated 2026-08-27

bench signals $63,065 n/a 62 open · updated 2026-08-26

10. Active Perspectives

AI Power Bottleneck — Watts Per Rack + Generation-Side active high latest 2026-08-22

AI Power Delivery — The 30% Parasitic Loss active high latest 2026-08-22

Gulf Infrastructure Strike Scenario monitoring low latest 2026-08-22

Risk-On Tech Rotation — Concentrated Mega-Cap + AI Supercycle monitoring low latest 2026-08-22

The Gold Anomaly — Broken Safe Haven monitoring low latest 2026-08-22

AI Optical Supercycle — Wave-Curve Rotation monitoring high latest 2026-08-22

US Energy Dominance — Blockade as Leverage (absorbed iran-war-oil) monitoring critical latest 2026-08-22

Memory Supercycle — DRAM/NAND/HBM Structural Tightness active high latest 2026-08-22

SpaceX IPO Liquidity Event — $40-80B Drained from Markets, June 12 2026 monitoring high latest 2026-08-22

Nearline HDD Storage — Density-Led Oligopoly (allocated through 2027) monitoring medium latest 2026-08-22

Livestock Disease — New World Screwworm → Cattle-Supply Shock & Protein Rotation monitoring medium latest 2026-08-22

Biotech Capital Cycle — AI-Bio Platforms & Lab-Tools/CRO Picks-and-Shovels (IPO-Window Levered) monitoring medium latest 2026-08-22

Nuclear Fuel Cycle — AI-Driven Nuclear Demand (enrichment chokepoint + utility cash-flow) active medium latest 2026-08-22

CPU Shortage Supply Chain — Datacenter CPU Allocation + ABF Substrate Bottleneck monitoring high latest 2026-08-22

China Structural Discount — Multiple-Capped, Not Earnings-Capped (VIE / CCP / Macro Triptych) monitoring medium latest 2026-08-22

AI Capex Digestion — the Crowded-Trade Unwind active high latest 2026-08-22

Physical AI / Robotics — Arms-Dealers Over Moonshots (the Embodied-AI Rotation) active medium latest 2026-08-22

Quantum Computing — The Sovereign-Catalyst Trade (Basket-First, Lottery Underneath) monitoring medium latest 2026-08-22

AI Mega-IPO Liquidity Regime — Index Plumbing, Lockups, and the Issuance Bell monitoring medium latest 2026-08-22

Trump Policy Ticker Catalysts — Source-Tier Event Study monitoring low latest 2026-08-22

The Midterm Window — Q4 Turn Watch active medium latest 2026-08-22

Drone Defense — The Budget Line Item That Reshores active medium latest 2026-08-22

Today's Actions · 42 RKLB $67.53 · PDD $84.69 · ASTS $61.44

exit · 3

RKLB $67.53 breaking down — -7.4% this week, 55.3% off its 52-week high despite a +2.0% bounce today; up 46.0% over the past year but 14.5% below its 200-day — the long trend is under test

PDD $84.69 breaking down — -5.3% this week, 39.3% off its 52-week high and still falling; down 30.7% over the past year and 15.0% below its 200-day — the long trend agrees

ASTS $61.44 breaking down — -5.6% this week, 54.1% off its 52-week high despite a +2.6% bounce today; up 27.3% over the past year but 24.6% below its 200-day — the long trend is under test

entry · 39

CRWD breaking out at a fresh 52-week high after a +19.8% week — a +36% three-month run, not a one-week pop

OKTA breaking out 1.1% off its 52-week high after a +28.8% week — a +83% three-month run, not a one-week pop

FCX breaking out 2.3% off its 52-week high after a +10.1% week

ACN coming into play — 35.6% off its 52-week high with the tape turning up (+3.3% this week)

SPGI coming into play — 21.5% off its 52-week high with the tape turning up (+0.7% this week) · a real base is forming — watch for the breakout

CEG $269 coming into play — 31.6% off its 52-week high with the tape turning up (+3.5% this week) · watch-grade call — 3 of 5 bells lit (research, trigger, regime); trigger at $269 trend-hold

GLD $411.72 watch-grade call — 4 of 5 bells lit (research, trigger, advisory, regime); trigger at $411.72 · a real base is forming — watch for the breakout

LEU $177 watch-grade call — 4 of 5 bells lit (research, trigger, tape, regime); trigger at $177 trend-hold

NVDA $209.81 watch-grade call — 4 of 5 bells lit (research, trigger, advisory, regime); trigger at $209.81 trend-hold

HYG watch-grade call — 3 of 5 bells lit (research, advisory, regime) · a real base is forming — watch for the breakout

SPY watch-grade call — 3 of 5 bells lit (research, advisory, regime) · a real base is forming — watch for the breakout trend-hold

TLT $82.60 watch-grade call — 3 of 5 bells lit (research, trigger, regime); trigger at $82.60 · tape broken trend-hold

UUP watch-grade call — 3 of 5 bells lit (research, advisory, regime) · a real base is forming — watch for the breakout

ABCL $8.45 watch-grade call — 3 of 5 bells lit (research, trigger, regime); trigger at $8.45 trend-hold

CCJ watch-grade call — 3 of 5 bells lit (research, tape, regime) trend-hold

DHR $210.39 watch-grade call — 3 of 5 bells lit (research, tape, regime); trigger at $210.39 trend-hold

MSFT $442 watch-grade call — 3 of 5 bells lit (research, trigger, regime); trigger at $442 trend-hold

AAPL no setup today — still in trend, +1.1% this week, 8.7% off its 52-week high

AMZN no setup today — still in trend, -1.5% this week, 10.8% off its 52-week high

ARGX no setup today — still in trend, +1.9% this week, at its 52-week high

ARM no setup today — drifting down, +1.8% this week, 43.6% off its 52-week high trend-hold

ARQQ no setup today — still in trend, +2.5% this week, 65.4% off its 52-week high

GOOGL no setup today — drifting down, +0.0% this week, 16.6% off its 52-week high

HQ no setup today — moving sideways, -5.0% this week, 63.4% off its 52-week high

ILMN no setup today — still in trend, +6.6% this week, 1.8% off its 52-week high

INFQ no setup today — moving sideways, +14.3% this week, 47.9% off its 52-week high

IONQ no setup today — under pressure, +2.3% this week, 49.8% off its 52-week high

LAES no setup today — under pressure, +4.0% this week, 70.0% off its 52-week high

NET no setup today — still in trend, +10.5% this week, 7.2% off its 52-week high

NTR no setup today — moving sideways, -0.1% this week, 14.4% off its 52-week high

OUST no setup today — drifting down, -3.7% this week, 42.7% off its 52-week high

PL no setup today — under pressure, -4.6% this week, 59.1% off its 52-week high trend-hold

QBTS no setup today — under pressure, -4.8% this week, 61.7% off its 52-week high

QUBT no setup today — under pressure, +6.1% this week, 66.5% off its 52-week high

RGTI no setup today — under pressure, +2.4% this week, 71.7% off its 52-week high

SHOP no setup today — moving sideways, +4.9% this week, 15.3% off its 52-week high

SNDK no setup today — drifting down, -7.3% this week, 36.9% off its 52-week high

TSLA no setup today — under pressure, +2.7% this week, 28.9% off its 52-week high

XNDU no setup today — under pressure, +2.7% this week, 75.5% off its 52-week high

All Scans 2 complete · 29 without a dated artifact

monster scan Read full scan → washout scan Read full scan →

market pulse missing

ai scan missing

ai infrastructure missing

biotech scan missing

nvda ecosystem missing

defensive scan missing

healthcare scan missing

consumer scan missing

retail scan missing

cloud etfs missing

cybersec missing

ev clean energy missing

etf universe missing

insider scan missing

bargain bin missing

tech insider buys missing

crypto scan missing

macro commodities missing

defense contractors missing

geopolitical risk missing

optical supply chain missing

drone defense missing

supply chain traces missing

wfe test metrology missing

food security missing

cultural thesis missing

airlines missing

chemicals missing

travel leisure missing

The desk's frozen record The machine-built sections as this issue recorded them — the tape, calls, and wires that were true on this date (desk plumbing and file-path lines removed for reading).

Regime State

State counts: collapse: 139, pullback: 397, uptrend: 290, downtrend: 106.
Latest transition batch: 2026-08-27 vs 2026-08-26; 36 confirmed state-to-state flips, 2 entries, 1 exits.
Confirmed flips: $ABCL parabolic -> uptrend; $ANET pullback -> uptrend; $APH pullback -> uptrend; $ARKK basing -> breakout; $BESIY pullback -> collapse; $BHP basing -> uptrend.

Rates & Macro

Source: FRED last-good series under macro; values are aligned to the desk date without interpolation.

Series	Observation	Tape alignment	Receipt
2Y Treasury (`DGS2`)	4.19% as of 2026-08-26	carried	fresh
10Y Treasury (`DGS10`)	4.66% as of 2026-08-26	carried	fresh
10Y minus 2Y curve (`T10Y2Y`)	0.47% as of 2026-08-27	direct	fresh
Effective fed funds (`DFF`)	3.63% as of 2026-08-26	carried	fresh
10Y real yield (`DFII10`)	2.34% as of 2026-08-26	carried	fresh
CPI (all urban consumers) (`CPIAUCSL`)	332.8 as of 2026-07-01	carried	fresh
US high-yield option-adjusted spread (`BAMLH0A0HYM2`)	2.67% as of 2026-08-26	carried	fresh
Broad US dollar index (`DTWEXBGS`)	118.1 as of 2026-08-21	carried	fresh
VIX close (`VIXCLS`)	15.21 as of 2026-08-26	carried	fresh
Chicago Fed financial conditions (`NFCI`)	-0.57 as of 2026-08-21	carried	fresh

Cross-sector Rotation

Money rotating INTO Copper (RS +22.0, 100% strong-up), Crypto (RS +21.1, 20% strong-up), Hard Assets (RS +21.1, 0% strong-up) — OUT OF Airlines (RS -14.0), Humanoid Robotics (RS -13.6), Travel Leisure (RS -11.8). Benchmark SPY +4.1% 30d. ◔ EARLY TURN (accelerating, breadth unconfirmed — probe, not a call): Thebuildout Ems Contract Electronics Manufacturing (accel +4.2, 25% up, led by SANM/HNHPF/APH). TURNING LAGGARDS (30d RS still negative; 7d RS now positive): Thebuildout Ems Contract Electronics Manufacturing (30d -1.7, 7d +3.7, divergence +5.3), Financials (30d -2.9, 7d +1.0, divergence +4.0), Thebuildout AI Sensors Perception Hardware (30d -2.9, 7d +0.7, divergence +3.6), Thebuildout Humanoid Robots Embodied AI (30d -2.7, 7d +0.8, divergence +3.5), Thebuildout Semiconductor Ip Licensors (30d -0.2, 7d +2.3, divergence +2.5), EV Clean Energy (30d -0.2, 7d +0.5, divergence +0.7). Fading leaders: Thebuildout Nand Flash Memory (accel -9.5), Thebuildout Semiconductor Test Burn In Equipment (accel -6.2), Memory (accel -5.0), Thebuildout AI Storage Data Pipeline (accel -4.4), Government Compute (accel -3.2), Thebuildout Lithography Equipment (accel -4.5), Optical Supply Chain (accel -4.8), Thebuildout HBM Memory (accel -4.3), Thebuildout Metrology Inspection (accel -3.3), Thebuildout Advanced Packaging 2d3d Leaders (accel -3.0), Thebuildout Dram Memory (accel -3.1), Space (accel -5.8), Volume Setups (accel -3.3), WFE Test Metrology (accel -3.6), Thebuildout Photoresists Lithography Materials (accel -3.8).
⚡ Front-run: no emerging sectors clearing the acceleration + breadth bar this run.
↗ Turning laggards (30d RS still negative; 7d RS now positive): thebuildout-ems-contract-electronics-manufacturing (30d -1.7, 7d +3.7, divergence +5.3); financials (30d -2.9, 7d +1.0, divergence +4.0); thebuildout-ai-sensors-perception-hardware (30d -2.9, 7d +0.7, divergence +3.6); thebuildout-humanoid-robots-embodied-ai (30d -2.7, 7d +0.8, divergence +3.5); thebuildout-semiconductor-ip-licensors (30d -0.2, 7d +2.3, divergence +2.5); ev-clean-energy (30d -0.2, 7d +0.5, divergence +0.7).

Volatility Gate

VIX 14.51 (CALM) · 1d -4.6%. 😴 VIX CALM — 14.51 (<16). Complacent; no fear discount available.
No fire-sale trigger (rule: >=30% one-day spike is the trigger; the level alone is context).
Credit tape (7d): HYG +0.4% · LQD +0.6% · IEF +0.2% — the flush-vs-break discriminator: orderly credit means the selling is positioning, not a credit event.

Crowd Odds

⚠ Bitcoin reaches $80,000 by December 31, 2026 (crypto-geopolitics reopen trigger level) — pull failed (empty); last good 87% as of 2026-08-22
Fed hikes 25bps at the September 2026 meeting (Polymarket cross-check) — 31% (Polymarket, as of 08-27; wk +3pt)
Fed holds (0bps) at the September 16, 2026 meeting — 70% (Kalshi, as of 08-27; wk +0pt)
Government shutdown by October 1, 2026 (Polymarket cross-check) — 12% (Polymarket, as of 08-27; wk -2pt)
US government shut down on Oct 1, 2026 — 8% (Kalshi, as of 08-27; wk -5pt)
NVIDIA is the largest company by market cap on December 31, 2026 — 81% (Polymarket, as of 08-27; wk +8pt)
US recession by end of 2026 (Polymarket cross-check) — 9% (Polymarket, as of 08-27; wk +1pt)
NBER-dated US recession in 2026 — 7% (Kalshi, as of 08-27; wk +1pt)

The Prints

$NVDA — NVIDIA reported the second quarter of fiscal 2027 after the close on August 26, 2026, filing a Form 10-Q and a Form 8-K the same day.
$CRM — Reported EPS $5.90 versus analyst consensus of $3.27 (+80.4%).
$IREN — IREN filed its FY2026 annual report (fiscal year ended June 30, 2026) on August 27 — a Form 10-K plus a results 8-K the same day. Per the filing's XBRL: revenue $707.0M for the year, operating income −$1.05B, net income −$702.6M, diluted…
$INTU — Reported EPS $4.03 versus analyst consensus of $3.59 (+12.3%).
$ANF — Abercrombie & Fitch reported second-quarter fiscal 2026 results before the open and beat consensus EPS by $2.18 a share. The guidance did the heavier lifting: third-quarter EPS was guided to $2.90–$3.20 against a $2.80 consensus…
$SMTC — Reported EPS $0.71 versus analyst consensus of $0.61 (+15.6%).
$A — Reported EPS $1.62 versus analyst consensus of $1.49 (+9.0%).
$ZM — Reported EPS $1.55 versus analyst consensus of $1.48 (+5.0%).
$HRL — Hormel reported its fiscal third quarter (ended July 26, 2026) before the open and filed the 10-Q and an 8-K the same day. Per the filing's XBRL: revenue $2.96B, gross profit $471.5M, operating income $110.9M, net income $59.6M, diluted…
$DY — Dycom reported fiscal second-quarter 2027 results before the open and raised its full-year fiscal 2027 revenue outlook to $7.5–$7.7 billion, a range the coverage describes as broadly matching the $7.6 billion consensus. The same…
$PLAB — Photronics reported fiscal third-quarter 2026 results before the open: EPS of $0.50 against a $0.40 consensus on revenue of $216.05 million versus $208.75 million expected, clearing its own guidance. The mix is the number that…
$LI — Li Auto was scheduled to report second-quarter 2026 results before the open on 2026-08-26. The desk has not captured a result. Today's news pull returned previews only — its newest article is dated 2026-08-24 — so no reported EPS,…
⚠ 1 scheduled print remains unresolved: a fresh search found no print-specific evidence for $CMBT. Aggregator or overview pages establish neither that the company reported nor that it did not.

Upcoming Prints (next 72h)

2026-08-27 — after close: MRVL, WDAY, AFRM, GAP, S, ESTC, SIVEF, BBAR +2 more
2026-08-28 — pre-market: FRO · after close: BWLP, HAFN, BYDDY

Tripwires

Tripwires: no new trips since the 2026-08-27 duty pass.

Desk Calls

Ticker	Stance	Entry	Review-by	30d vs SPY
$AGIO	watch	after the current reset prints a higher low, reclaims the 50-day ($35.56) with RSI…	2026-09-24	pending
$DHR	watch	after a pullback to the $210.39 volume shelf, holds and turns back above it with RSI…	2026-09-24	pending
$VKTX	watch	after the current reset prints a higher low, reclaims the 50-day ($35.08) with RSI…	2026-09-24	pending
$EWY	pass	the one-factor market: 16 of the last 45 sessions moved more than 4% — the template…	2026-09-19	pending
$GDX	watch	the policy-blink bid is real but entries are pullbacks, not +8% days — a hold of the…	2026-09-19	pending
$KRE	watch (invalidation?)	not a trade — the bank-stress tell the bond-fear feed keeps asserting; regionals are…	2026-09-19	pending
$BNO	watch	not a trade — the oil leg of the monitor. BNO ~$57 is Brent ~$100 at the current…	2026-09-19	pending
$HYG	watch (invalidation?)	not a trade — the tell. Credit at -0.31% from its high while the long bond makes…	2026-09-19	pending
$PSX	pass	same as VLO — RSI 80 at the high; nothing here to chase	2026-09-19	pending
$SPY	watch	no new entry — the trend is intact 0.86% off its high; hold it while the 200-day…	2026-09-19	pending
$TLT	watch (in zone)	the historical equity low arrives AT the yield peak, so the long bond is only worth…	2026-09-19	pending
$VLO	pass	the diesel-crack trade is made — RSI 74.8, 0.96% off its high, +35.46% in three…	2026-09-19	pending
$AVAV	watch	a pullback that bases in the $163-$180 band — the reclaimed 20-day ($165.70), 50-day…	2026-09-15	pending
$AXON	watch	a pullback that holds the $576.14 shelf or the 20-day ($556.43)	2026-09-30	pending
$ITA	pass	no entry 2.69% off a 52-week high with RSI 64.4; the wrapper prices the primes, not…	2026-09-30	pending
$KTOS	pass	no entry while price sits 12.3% below the 200-day ($73.65) with a death cross intact…	2026-09-30	pending
$RCAT	pass	no entry after a +20.85% week that stalled at the anchored VWAP from the low…	2026-09-30	pending
$UMAC	watch	a pullback that bases in $21-$24, where the value-area high ($21.09), 50-day…	2026-10-09	pending
$DUST	pass	n/a — the inverse side of the same instrument problem	2026-09-11	pending
$GDX	watch	don't chase RSI 70.3 after a +21.31% week — a first pullback that holds the 200-day…	2026-09-11	pending
$GLD	watch (in zone)	a close above the 200-day ($411.70) that holds with RSI above 55; $445 reopens the…	2026-09-04	pending
$MU	watch (in zone)	reclaims and holds the 20-day ($888.26) with RSI back above 50	2026-09-11	pending
$NUGT	pass	n/a — leveraged miner exposure compounds the whipsaw that already makes miners the…	2026-09-11	pending
$SIL	watch (in zone)	above its 200-day by 2.4% but RSI 67.1 after +20.0% — same pullback discipline as…	2026-09-11	pending
$SIMO	watch	price back above the 20-day ($264.25) with the 30-day loss narrowing	2026-09-11	pending
$SLV	watch	the laggard of the complex at 9.8% below its 200-day ($63.76) — a reclaim of that…	2026-09-11	pending
$SNDK	pass	no entry while price sits 13.0% below the 20-day ($1,393.06) and 28.2% below the…	2026-09-11	pending
$STX	watch (in zone)	holds the 20-day ($834.21) and turns RSI back above 50	2026-09-11	pending
$UUP	watch	n/a — the dollar at RSI 39.5 is the tailwind, not the trade	2026-09-11	pending
$WDC	watch	not before the Aug 5 call's allocation and gross-margin language is public and read;…	2026-09-11	pending
$GLD	watch (in zone)	a close above the 200-day ($411.72) that holds with RSI above 55; $445 reopens the…	2026-09-04	pending
$CVX	watch	strongest RSI in the upstream cohort (67.2) — hold above the 20-day (~$185.34) to…	2026-09-11	pending
$GLD	watch	this is a signal to watch, not a trade — a reclaim of the 20-day (~$373.15) would be…	2026-09-11	pending
$HAL	avoid	not a trend-hold candidate yet — wait for a base and a reclaim of the 50-day…	2026-09-11	pending
$PSX	watch	RSI is a hair under overbought (69.7) — wait for a pullback to the 20-day (~$200.76)…	2026-09-11	pending
$USO	watch	the -5.5% weekly pullback holds above the 20-day (~$121.96) — a normal pullback…	2026-09-11	pending
$VLO	watch	same setup as PSX — a pullback to the 20-day (~$295.63); note this row is one…	2026-09-11	pending
$CEG	watch	reclaim the 20-day (~$256) with hyperscaler spending language intact on the Jul…	2026-08-08 (overdue)	+1.8%
$ELAN	watch (invalidation?)	a volume-confirmed (at least average volume) close through the 52-week high…	2026-08-14 (overdue)	-9.4%
$GEV	watch	held the AI unwind at −5%; reclaim the 20-day (~$1,085) and print a higher low	2026-08-08 (overdue)	-10.3%
$LEU	watch	first higher low after a clean Jul 29–30 capex read — the −18% month is a beta…	2026-08-08 (overdue)	+8.9%
$CLMT	pass	RSI 83 on 2.7x volume, +165% in a year — parabolic-chaser material, not trend-hold;…	2026-09-04	+7.2%
$DK	pass	reopen if it builds a multi-week base above the 20-day ($52.58) and resumes — a…	2026-09-04	-0.1%
$MPC	watch	the lane's quality large-cap; interest begins on the first pullback that HOLDS the…	2026-08-21 (overdue)	+9.5%
$MU	watch (in zone)	Friday printed a reversal bar (low $804, closed $848.95); a close above that bar's…	2026-08-14 (overdue)	+12.8%
$NVDA	watch (in zone)	the general never broke (−3.7% in 30 days vs the ETF's −15.7%); a reclaim of its…	2026-08-14 (overdue)	+6.6%
$PANW	watch	the lane's strongest structure (-2.7% from its 52-week high, +83% on the year);…	2026-09-04	+3.6%
$PL	watch (invalidation?)	untouchable while the knife falls (RSI 30, −14% on the week); interest begins when…	2026-09-11	+6.0%
$PSX	watch	the diversified laggard of the three (+70% on the year, midstream/chem mix dilutes…	2026-08-21 (overdue)	+11.1%
$S	watch	the laggard catching up (+30% in 30 days, still only +9% on the year and -8.6% from…	2026-09-10	+8.0%
$SMH	watch (invalidation?)	the complex switch: first close back above the 50-day ($597.33) after a higher low,…	2026-08-14 (overdue)	+2.2%
$STX	watch (in zone)	the complex's only accumulation-shaped bar: +5.7% on 1.35× volume, closed near the…	2026-08-14 (overdue)	+19.9%
$VLO	watch	best 12-month tape of the pure refiners (+117%); same frame — first 20-day hold…	2026-08-21 (overdue)	+6.7%
$ARM	watch (in zone)	reclaim the pre-registered $270 line and hold it — the trigger the thesis flag broke…	2026-08-08 (overdue)	-2.4%
$CCJ	watch	washed out at RSI 30 — wait for the $84 shelf to hold and a first higher low; the…	2026-09-15	+11.2%
$CEG	watch (in zone)	the merchant bellwether needs a turn signature, not a dip-buy — a base under the…	2026-09-15	+6.3%
$DUK	watch (invalidation?)	the one working expression — regulated rate-base growth from the same demand; a…	2026-09-15	-5.1%
$LEU	watch (in zone)	only after a full-quarter base — the enrichment monopoly story is intact but the…	2026-10-01	+14.0%
$MU	watch	gated on the prints, not the chart — a storage/memory print (STX Jul 28, WDC Jul 29,…	2026-08-08 (overdue)	+15.2%
$NVDA	watch	the R1 playbook leg — hold the 20-day retest (~$202) through the July 28–29 storage…	2026-08-08 (overdue)	+7.0%
$TLN	watch (invalidation?)	the strongest tape of the merchants — hold the $360 shelf and the 200-day (~$371),…	2026-09-15	-8.1%
$VST	watch (invalidation?)	reclaim the 200-day (~$166) and hold it — first sign the derate is done	2026-09-15	-9.9%
$ABCL	watch (in zone)	the pop already happened (Feb low $2.78 to a $8.44 high) — this is the first flag;…	2026-08-31	+25.3%
$CBRS	watch (in zone)	a close above the post-flush bounce high ($221.30) confirms the higher low and…	2026-08-31	+13.0%
$META	watch (invalidation?)	second reclaim attempt off a higher low — buy interest is a close above ~$665,…	2026-08-31	-8.6%
$MSFT	watch (in zone)	no turn signature yet — interest begins at the 200-day reclaim (~$442) after a base;…	2026-10-01	+28.8%
$NTLA	watch (invalidation?)	golden cross, +31% month, and a fresh impulse into $18.48 on July 2 — buy interest…	2026-08-31	-25.0%
$ORCL	pass	reopen when the knife stops: the February low ($136) holds on this retest AND a +7%…	2026-10-01	+1.9%
$AXTI	pass	reopen only if it bases above its 200-day (~$42.55) for a full quarter AND revenue…	2026-10-01	+43.6%
$CIFR	pass	reopen only on revenue inflecting up AND visible de-leveraging of the $4.4B debt stack	2026-10-01	-25.1%
$CORZ	pass	reopen on a recapitalization that restores positive equity with the CoreWeave…	2026-10-01	-14.3%
$CRDO	buy (in zone)	elite fundamentals (33% operating margin on $1.34B FY26 revenue) with the…	2026-09-15	-7.1%
$CRWV	pass	reopen only on a financing regime change — interest expense stabilizing while…	2026-10-01	-3.0%
$EQT	watch	the fundamentals are the best in the sweep (net income nearly quadrupled in two…	2026-10-01	-2.7%
$HUT	pass	reopen on a financed capacity deal that closes the gap between $160M of cash and…	2026-10-01	-20.3%
$KGS	buy (invalidation?)	the sleeper — record Q1, raised full-year guidance to include the Distributed Power…	2026-08-15 (overdue)	-18.0%
$MXL	watch (in zone)	wire-flagged inflection but already a 4.5x over the year and −16% this week on no…	2026-08-15 (overdue)	-16.6%
$NBIS	buy (in zone)	pullback within an intact uptrend — buy the 50-day reclaim at ~$217, which says the…	2026-08-31	-16.9%
$OKTA	pass	the rotation's confirming leader — but RSI 78 and 3% off its high is chasing; reopen…	2026-09-15	-2.7%
$TER	buy (in zone)	the −21% week has no company event behind it — Q1 revenue rose 87% with a 21% EPS…	2026-08-15 (overdue)	+4.2%
$WDAY	watch	the earnings proof-point of the rotation (beat + raised subscription guide) but…	2026-09-15	+26.6%
$WULF	watch (invalidation?)	the $2.63B war chest has to start converting into hosting revenue on the P&L — watch…	2026-08-15 (overdue)	-28.9%
$SKHY	watch (in zone)	first clean post-debut base — not the open (debut ~2026-07-10)	2026-09-01	n/a
$ZM	watch (in zone)	2 consecutive quarters of accelerating revenue; base over $92	2026-09-01	+16.0%
$MU	buy	own the up-cycle with cycle sizing — record DRAM/HBM pricing power, HBM booked…	2026-09-01	-12.0%
$SNDK	watch	only on evidence the +69% NAND operating margin is a baseline, not the peak — two…	2026-09-01	-20.8%
$STX	buy	own the cleanest un-hyped inflection — nearline-HDD margins compounding 23%→32% over…	2026-09-01	-5.3%
$WDC	buy	same nearline thesis as STX — margins 10%→36% on the same AI storage driver, no hype…	2026-09-01	-7.7%

A desk call is an authored stance from a published report; entry and invalidation conditions are human-read, and the full ledger lives at /calls.

30d vs SPY is the raw name-vs-SPY move since the call — for trim/sell calls a NEGATIVE number means the call worked (the name fell after it).

From the Feeds

Curated picks from the last 7 days of the X / Reddit / Discord / web sweep — items the desk read and kept, not the raw capture firehose. Source: -pick- (type: curated-find).

𝕏 — Anthropic could be public within weeks — prospectus after Labor Day, secondary sales included · link
- The follow-on to last week's 100B-raise-at-2T report: a concrete timeline (prospectus after Labor Day, listing late September/early October) and a structural difference from SpaceX — existing shareholders selling into the offering. If it holds, this is the liquidity event the ai-mega-ipo-liquidity-regime perspective w…
web — China needs U.S. dollars but is building a hedge against Washington's sanctions $GLD $SIL $UUP · link
- The missing link under this week's metals bid. CNBC lays out the mechanism: Washington can still pressure Chinese banks through dollar access over Iran, and Beijing's answer is to build alternative rails (CIPS) rather than to stop needing dollars. Read it against two things on today's tape — the Kobeissi Letter report…
web — The Strait of Hormuz: Security Developments and Impacts on Oil, Gas, and Other Commodities $USO $BNO $XLE $GLD · link
- The primary-source account of the chokepoint the whole energy tape is pricing. Congressional Research Service: Iranian attacks have caused a precipitous drop in cross-strait traffic, and the report walks the oil, gas and LNG exposure rather than the headlines. Read it for the structure behind oil at +74.53% over the t…
𝕏 @KobeissiLetter — The Kobeissi Letter — South Korea's chip trade surplus hit a record ~$35B in June, more than tripling in 12 months $MU $SNDK $EWY · link
- A national trade-balance print is a hard confirmation of the memory tightness thesis from outside the companies' own reporting: on the stated June figure, chips carry roughly $35B of surplus against ~$1B for everything else South Korea sells. That is a country whose entire external surplus is one industry. Note the wi…
𝕏 @SemiAnalysis_ — SemiAnalysis — 3D NAND is switching word lines from tungsten to molybdenum above ~300 layers $MU $SNDK $AMAT $LRCX · link
- A physics-down bottleneck under the memory supercycle: layer-stacking is the only scaling axis left for 3D NAND, and past roughly 300 layers the tungsten wiring itself becomes the limit on resistance and fluorine chemistry. A materials switch at that layer of the stack is a deposition-equipment and precursor story bef…
𝕏 @IPONewsroom_ — IPO Newsroom — Anthropic bankers floated a $100B+ raise at a $2T valuation, per NYT (early discussions) $MSFT $NVDA · link
- Fact strength matters here: this is a report of early banker conversations, not a filing, and the post says so itself. Taken at the stated size it would be the largest offering ever attempted and a liquidity event large enough to reprice the AI private-mark complex and pull capital out of listed names to fund allocati…

Filings

NEW: $BNTX 6-K filed 2026-08-27 (period 2026-08-27)
NEW: $AMAT 4 filed 2026-08-27 (period 2026-08-25)
NEW: $CON 8-K filed 2026-08-27 (period 2026-08-21)
NEW: $AFRM 10-K filed 2026-08-27 (period 2026-06-30)
NEW: $WMT 4 filed 2026-08-27 (period 2026-08-25)
NEW: $HD 4 filed 2026-08-27 (period 2026-08-26)
Last 14 days: $AMZN 4 (2026-08-27); $ARGX 6-K (2026-08-27); $AOSL 10-K (2026-08-27); $BNTX 6-K (2026-08-27); $CRM 10-Q (2026-08-27); $IREN 10-K (2026-08-27); $IREN 8-K (2026-08-27); $LOW 10-Q (2026-08-27); ….

Breadth And Movers

Price truth: *; primary summary date 2026-08-27. Row dates: 2026-08-27: 2588, 2026-08-26: 28, 2026-08-21: 5.

Summary coverage: 2588/2621 rows at 2026-08-27; 1145 unique symbols after de-duplication.
Non-derivative unique-symbol breadth: 637 up, 465 down, 13 flat across 1115 names; median 1D change +0.3%.
Market-pulse breadth: 18 up, 24 down, 0 flat; median 1D change -0.1% from market-pulse.

Top gainers by 1D change (filtered to price >= $1, dollar volume >= $50M, finite RSI; daily-reset leveraged and synthetic-income funds excluded — their print is a geared restatement of an underlying, not a company move):

Symbol	1D	7D	30D	RSI	Signal	Price	Source
$OKTA	+28.6%	+28.8%	+26.9%	70.4	Overbought	$172.91	cloud-etf-holdings
$CRM	+22.6%	+22.5%	+38.9%	80.0	Extreme overbought	$252.05	ai-scan
$CRWD	+20.5%	+19.8%	+25.4%	64.0	strong-up	$227.96	ai-scan
$VEEV	+15.2%	+12.6%	+40.2%	79.6	Extreme overbought	$282.13	ai-scan
$SNPS	+13.4%	+16.9%	+21.1%	71.7	Overbought	$464.89	cloud-etf-holdings

Top laggards by 1D change (same filter):

Symbol	1D	7D	30D	RSI	Signal	Price	Source
$WEN	-13.5%	-11.2%	+2.0%	45.0	weak-down	$7.82	livestock-disease
$HRL	-10.3%	-11.6%	-16.7%	21.5	Extreme oversold	$21.28	defensive
$P	-8.9%	-9.8%	+36.0%	51.7	strong-up	$99.24	ai-infra
$CASY	-5.4%	-7.9%	-10.9%	33.6	Oversold	$763.38	monster-discoveries
$BHVN	-4.9%	+19.7%	+17.1%	60.6	strong-up	$16.12	monster-discoveries

Excluded as derivative wrappers (21): $MSTU +23.1%, $MSTX +22.9%, $NVDL +16.8%, $CONL +9.8%, $TECL +9.3%, $SOXS -5.7%, $SOXL +5.5%, $TSLL +5.0%, … — read these in the tape scans, where leverage and the underlying travel with them.

Targets In Zone

Target	Anchor date	Tickers	Mechanical status	Level
AVAV profit-target — $276.00	2026-08-14	$AVAV	APPROACHING — $152.28 is 44.8% below the $276 target, trend strong-down	$276.00
UMAC profit-target — $45.00	2026-08-14	$UMAC	APPROACHING — $26.30 is 41.6% below the $45 target, trend strong-up	$45.00
UMAC stop-loss — $18.50	2026-08-14	$UMAC	HOLDING — $26.30 is 42.2% above the $18.50 stop	$18.50
GDX profit-target — $115.00	2026-08-08	$GDX	APPROACHING — $103.69 is 9.8% below the $115 target, trend up	$115.00
GDX stop-loss — $85.00	2026-08-08	$GDX	HOLDING — $103.69 is 22.0% above the $85 stop	$85.00
NVTS entry-zone — $8-$10	2026-07-31	$NVTS	APPROACHING — $12.51 is 25.1% above $8–$10; waiting for the pullback	$8-$10
NVTS profit-target — $16.00	2026-07-31	$NVTS	APPROACHING — $12.51 is 21.8% below the $16 target, trend down	$16.00
NVTS stop-loss — $9.00	2026-07-31	$NVTS	HOLDING — $12.51 is 39.0% above the $9 stop	$9.00

Convergence Leaders

Stocks in projection: 759; convergentCount 9; divergentCount 19.

Symbol	Score	Scans	Bull	Neutral	Latest signal date
$ASML	5	7	4	3	2026-08-27
$MRVL	5	6	3	3	2026-08-27
$INTC	5	4	3	1	2026-08-22
$TSM	4	6	3	3	2026-08-27
$CRWD	4	4	2	2	2026-08-27
$SBUX	4	4	4	0	2026-08-22
$AMGN	4	3	3	0	2026-08-27
$BIIB	4	3	3	0	2026-08-27

The Desk Archived issue, published Aug 27, 2026 . Only the modules that are actually true for this date are shown — what changed since the prior issue, the scans it rests on, and the catalysts in its week. The desk's live state (calls, paper book, alarm board, tape internals) belongs to today, not to this issue, so it is not replayed here: see Calls, Positions and Tape.

Conditions

The market climate this issue was written in — frozen from its own date by design. Every day's card, in order, is on Conditions.

Indexes · 7d: SPY+1.1%QQQ+1.4%IWM+0.7%RSP+0.5%
Volatility: VIX 14.51CALM · 1d -4.6%No fire-sale trigger — needs a ≥30% one-day spike
Rotation · 30d strength: 66 in / 32 outEach side counts the desk's tracked theme watchlists (124 ranked) by the 30-day median relative strength of their member stocks vs SPY — shown in RS points. Any ETFs listed are trade handles for the theme, not the measurement.
Credit · 7d: HYG+0.4%LQD+0.6%IEF+0.2%Orderly credit = the selling is positioning, not a credit event
Hard assets · 7d: GLD+1.8%USO-3.4%COPX+7.3%Gold · oil · copper miners

Rotation board Show all 98 themes

Rotating in RS vs SPY

Copper +22.0

Tracked ETFs COPX CPER
Crypto +21.1

Tracked ETFs IBIT GBTC ETHE BITO BITQ
Hard Assets +21.1

Tracked ETFs IBIT GBTC GDX GDXJ SIL TLT IEF
Thebuildout Nand Flash Memory +20.1
Cloud SAAS +18.6

Tracked ETFs CLOU SKYY
Cloud ETFS +16.4

Tracked ETFs IGV CLOU SKYY
Thebuildout Semiconductor Test Burn In Equipment +16.4
Thebuildout Lithium Battery Metals +15.9
Tech Insider Buys +15.2
Web Cloud +14.4

Tracked ETFs SKYY
Cybersec +13.6

Tracked ETFs HACK BUG CIBR
Thebuildout Rare Earth Miners Processors +13.0
Memory +13.0

Tracked ETFs DRAM EWY DISK
Thebuildout AI Storage Data Pipeline +12.2
Thebuildout Data Center Fiber High Speed Cabling +12.2
Government Compute +11.9
IBB +11.9
Thebuildout Data Center Switch Nic Vendors +11.6
Thebuildout Lithography Equipment +11.2
Ark +11.1

Tracked ETFs ARKK ARKW ARKG ARKF ARKQ ARKX
Supply Chain Traces +10.9
Thebuildout High Speed Pcbs Server Networking +10.7
Optical Supply Chain +10.3

Tracked ETFs LAZR
Thebuildout HBM Memory +10.2
CPU Shortage Supply Chain +10.0

Tracked ETFs SMH
Adtech +9.5
Thebuildout Connector High Speed Interconnect +9.4
Thebuildout Optical Transceivers Modules +9.1
Thebuildout Data Center Networking Silicon +8.6
Nuclear Fuel Cycle +8.2

Tracked ETFs NUKX URA
Biotech +8.2

Tracked ETFs XBI IBB
Thebuildout Eda Software +8.0
Quantum Computing +8.0

Tracked ETFs CQTM QTUM
Watching +7.6
Thebuildout Co Packaged Optics CPO +7.2
Biotech +7.1

Tracked ETFs XBI IBB IBBQ
Watchlist +6.9
AI +6.9

Tracked ETFs SMH BOTZ ROBO AIQ
Thebuildout Space Data Centers Orbital Compute +6.3
AI Infra +6.2

Tracked ETFs AIQ SMH
Thebuildout Package Substrate Interposer Ecosystem +5.8
Biotech Capital Cycle +5.7

Tracked ETFs XBI
Thebuildout Custom AI Silicon Hyperscaler Asics +5.5
Mag7 +5.5

Tracked ETFs MAGS
Thebuildout Metrology Inspection +5.3
Thebuildout China AI Semiconductor Stack +5.2
Thebuildout Advanced Packaging 2d3d Leaders +5.0
Thebuildout Glass Core Panel Level Packaging +4.8
ETF Ideas +4.8

Tracked ETFs QQQM VOO VTI SMH IWM XBI GDX JEPQ JEPI SCHD VYM QYLD XYLD DOGG VGT XLK FTEC CLOU SKYY IGV TAN ICLN URA JETS KWEB DRAM RONB EWZ FXI INDA HYG LQD QTUM RAM SPCH SSPC SPCQ MRVU MVLL CDNG FOMG ENTL CQTM DISK LAZR IBB
Thebuildout Dram Memory +4.8
Canadian OG +4.5

Tracked ETFs EWC XLE
Trace Glp1 Manufacturing +4.3
Bargain Bin +3.9
Spacex S1 Supply Chain +3.5

Tracked ETFs ARKX
Alt Managers +3.5

Tracked ETFs PSP
Space +3.3

Tracked ETFs ARKX
Volume Setups +3.1
Thebuildout Semiconductor Fab Construction Engineering +3.0
WFE Test Metrology +2.4
Geopolitical +2.4

Tracked ETFs XLE OIH XOP GDX TLT ITA PPA
Macro Commodities +2.4

Tracked ETFs COPX URA GDX GDXJ SIL XHB ITB VGK EWG EWZ INDA EWJ FXI EEM VUG VTV MTUM QUAL RSP
Tech +2.1

Tracked ETFs XLK
Thebuildout Photoresists Lithography Materials +2.1
Nearline Storage +2.1

Tracked ETFs DISK
Trace Lng Liquefaction Shipping And Regasification +2.0
Thebuildout AI Data Center Operators Neoclouds +2.0

Rotating out RS vs SPY

Airlines -14.0

Tracked ETFs JETS
Humanoid Robotics -13.6

Tracked ETFs BOTZ
Travel Leisure -11.8

Tracked ETFs JETS
Thebuildout Renewable Energy Hyperscaler Ppas -10.3
Thebuildout Grid Infrastructure Transmission -10.2
Retail -9.1

Tracked ETFs XRT
Cultural Thesis -8.9
Defense Contractors -7.4

Tracked ETFs ITA PPA
Defensive -7.4

Tracked ETFs XLP XLU
Livestock Disease -6.8
China Tech -6.5

Tracked ETFs KWEB FXI ASHR
Thebuildout Nuclear Energy Data Centers -6.3
Electricity -5.5

Tracked ETFs GRID
Consumer Staples -5.2

Tracked ETFs XLP
Food Security -5.1

Tracked ETFs MOO
Thebuildout Fuel Cells Alternative Dc Power -4.2
Neoclouds -4.1
AI Power -4.0

Tracked ETFs WGMI
Thebuildout Deposition Equipment -3.4
Thebuildout Power Distribution Pdus Busways -3.1
Thebuildout Trailing Edge Logic Specialty Foundries -3.0
Thebuildout Autonomous Vehicles Self Driving -3.0
Chemicals -3.0

Tracked ETFs XLB
Grid Buildout -3.0

Tracked ETFs GRID
Financials -2.9

Tracked ETFs XLF KRE
Thebuildout AI Sensors Perception Hardware -2.9
Thebuildout Cmp Slurries Consumables -2.8
Thebuildout Advanced Packaging Equipment -2.8
Thebuildout Humanoid Robots Embodied AI -2.7
Drone Defense -2.6

Tracked ETFs ITA
War Sensitivity -2.6

Tracked ETFs COPX JETS UAE ITB INDA
Thebuildout Data Center Thermal Management -2.0

Each side counts the desk's tracked theme watchlists (124 ranked) by the 30-day median relative strength of their member stocks vs SPY — shown in RS points. Any ETFs listed are trade handles for the theme, not the measurement.

Frozen snapshot — numbers are as of 2026-08-27 by design; the dated strip of these cards is the climate history.

This Week's Catalysts

Recent prints come from this issue's frozen record; upcoming rows are calendar entries dated 2026-08-27 through 2026-09-02. Curated big events and tracked earnings are visible; the full print calendar stays behind the fold.

Recent prints · recorded with this issue · +38 more in the frozen record

CRM Aug 26 Reported EPS $5.90 versus analyst consensus of $3.27 (+80.4%).

NVDA Aug 26 NVIDIA reported the second quarter of fiscal 2027 after the close on August 26, 2026, filing a Form 10-Q and a Form 8-K the same day.

No curated big-event catalysts on file for this week.

Tracked earnings · 2

Focus-list and tape-moving names. All 56 earnings and dividend prints remain available below.

Sep 2

AVGO CRM

AVGO Beat vs analyst consensus