NOT FINANCIAL ADVICE - THIS DOCUMENT IS AI GENERATED

TRENDTOA // DAILY MARKET INTELLIGENCE

Thursday, September 3, 2026

CLOSE EDITION · EFI generated 4:53 PM ET · 585 instruments

RATES RELIEF LATE-CYCLE DEFENSE EVENT RISK ACTIVE

MACRO ALERT — IRAN CONFLICT UNRESOLVED AS OF 4:32 PM ET: Equities rallied as yields fell, but oil near $92 preserves inflation and geopolitical tail risk. Treat today's +1% large-cap close as relief, not proof of a durable risk-on regime.

IQV +49.0 · RPRX +45.0 · ELV +40.6 · CAH +38.6 · DE +38.5 · NTR +37.8 · EXEL +36.4 · TTD +35.3 · CRCL +35.1 · HALO +35.1 · INVH -47.5 · TTWO -45.2 · SYK -45.2 · CPNG -44.5 · CMI -42.9 · VMC -42.1 · PDD -41.3 · DD -41.2 · PINS -40.7 · MGM -40.6

Regime Verdict

SELECTIVE RELIEF INSIDE A LATE-CYCLE TAPE. SPY, QQQ and DIA gained 1.05%–1.19% as Treasury yields eased, while IWM rose only 0.40%. EFI breadth remains defensive: the 585-name average Composite is -7.0; Energy, Healthcare and Utilities lead while Industrials and Real Estate lag. Energy leadership plus accelerating defensives maps to late-bull/top risk, so require company-specific catalysts and avoid chasing after-hours gaps.

Large-cap relief Energy leadership Healthcare breadth

Catalyst Tape / What Changed Today

🔴 LIVE MARKET / RATES

SPY / QQQ / DIA — Wall Street closed more than 1% higher as Treasury yields slid: SPY +1.05%, QQQ +1.19% and DIA +1.19%; IWM lagged at +0.40%.

Released: Sep 3, 2026 4:36 PM ET · live market tape; closing prices verified

🔴 LIVE GEOPOLITICS / OIL

IRAN / WTI — The Iran conflict remained unresolved: Vice President Vance said the end date is up to Iran. Oil held near $92 in the closing macro tape; USO finished +0.67%.

Released: Sep 3, 2026 4:32 PM ET · live policy update / market tape

🔴 LIVE AI / CYBERSECURITY

OPENAI — OpenAI launched “Daybreak for Frontline Defenders,” committing $1 billion of subsidized advanced cyber models, training and technical support for critical infrastructure defenders.

Released: Sep 3, 2026 4:37 PM ET · OpenAI announcement

🔴 LIVE EARNINGS / AUTOMATION

PATH — UiPath reported Q2 revenue of $410M (+13%) and ARR of $1.938B (+12%), swung to positive GAAP operating income and guided FY2027 revenue to about $1.79B.

Released: Sep 3, 2026 4:31 PM ET · company results / market reports

🔴 LIVE EARNINGS / CYBERSECURITY

ZS — Zscaler reported revenue and ARR growth of 25%, paired the release with a roughly 3% workforce reduction, and highlighted a decelerating growth/cash-flow trade-off.

Released: Sep 3, 2026 4:21 PM ET · company results / market reports

🔴 LIVE EARNINGS / APPAREL

LULU — Lululemon revenue fell 4%, comparable sales dropped 9% and Americas comps fell 12%; shares were reported down about 15% after hours.

Released: Sep 3, 2026 4:39 PM ET · company results / CNBC

Next Market Movers — Industry Expansion Radar

NO CLEAN NEXT-MOVER SETUP.

Healthcare Providers (Composite +12.6), Oil & Gas (+11.8), Autos (+11.4) and AI Infrastructure (+9.7) lead the industry map, but this single snapshot cannot prove 2–5 day acceleration. The strongest names are already EFI extremes, while the fresher cybersecurity and apparel catalysts arrived after the close with hostile or unconfirmed mechanics. Wait for a same-company catalyst, Friday price confirmation and a tradeable options chain.

EFI Rotation Leaders & Divergences

Every qualifying ticker from the valid 4:53 PM ET snapshot is retained. Extremes remain factual context; catalyst and liquidity gates separately control promotion.

STRONG — Strength Classification 23 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State
IQV	HealthcareBiotech	+49.0	+64.3	+26.1	CONFIRMING
RPRX	HealthcarePharma	+45.0	+52.2	+34.2	CONFIRMING
ELV	HealthcareHealthcare Providers	+40.6	+45.4	+33.3	CONFIRMING
CAH	HealthcareHealthcare Providers	+38.6	+37.0	+41.0	CONFIRMING
DE	IndustrialsMachinery	+38.5	+33.0	+46.9	CONFIRMING
NTR	MaterialsChemicals	+37.8	+34.1	+43.4	CONFIRMING
EXEL	HealthcareBiotech	+36.4	+39.7	+31.5	CONFIRMING
TTD	Communication ServicesInteractive Media	+35.3	+48.9	+14.8	CONFIRMING
CRCL	FinancialsCapital Markets/Alts	+35.1	+38.3	+30.4	CONFIRMING
HALO	HealthcareBiotech	+35.1	+42.8	+23.6	CONFIRMING
CNC	HealthcareHealthcare Providers	+35.1	+36.5	+32.9	CONFIRMING
FMC	MaterialsChemicals	+34.9	+35.3	+34.4	CONFIRMING
CF	MaterialsChemicals	+33.3	+27.5	+42.0	CONFIRMING
LUMN	Communication ServicesTelecom	+33.2	+37.7	+26.6	CONFIRMING
HOOD	FinancialsCapital Markets/Alts	+33.1	+33.6	+32.4	CONFIRMING
BE	EnergyEnergy Transition	+32.8	+43.7	+16.5	CONFIRMING
DELL	TechnologyData Infra	+32.8	+39.5	+22.9	CONFIRMING
SWKS	TechnologySemis	+32.6	+31.3	+34.4	CONFIRMING
NU	FinancialsBanks	+31.8	+36.7	+24.5	CONFIRMING
GILD	HealthcareBiotech	+31.7	+33.0	+29.8	CONFIRMING
HPQ	TechnologyHardware/Networking	+30.8	+27.1	+36.4	CONFIRMING
JNJ	HealthcarePharma	+30.7	+31.6	+29.4	CONFIRMING
AWK	UtilitiesRegulated Utilities	+30.6	+36.9	+21.1	CONFIRMING

WEAK — Strength Classification 69 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State
INVH	Real EstateResidential Reits	-47.5	-52.7	-39.6	CONFIRMING
TTWO	Communication ServicesEntertainment/Streaming	-45.2	-45.2	-45.3	CONFIRMING
SYK	HealthcareBiotech	-45.2	-45.3	-45.0	CONFIRMING
CPNG	Foreign MarketsEM Rotation	-44.5	-52.1	-33.2	CONFIRMING
CMI	IndustrialsMachinery	-42.9	-48.0	-35.3	CONFIRMING
VMC	MaterialsBuilding Materials	-42.1	-39.1	-46.5	CONFIRMING
PDD	Foreign MarketsEM Rotation	-41.3	-44.9	-35.9	CONFIRMING
DD	MaterialsChemicals	-41.2	-37.6	-46.6	CONFIRMING
PINS	Communication ServicesInteractive Media	-40.7	-37.6	-45.4	CONFIRMING
MGM	Consumer DiscretionaryTravel/Leisure	-40.6	-40.6	-40.5	CONFIRMING
EMN	MaterialsSpecialty Chemicals	-40.1	-40.5	-39.6	CONFIRMING
NTES	Foreign MarketsEM Rotation	-39.8	-38.8	-41.4	CONFIRMING
CIEN	Communication ServicesTelecom/Networks	-39.6	-32.3	-50.6	CONFIRMING
TSN	Consumer StaplesFood/Beverage	-39.4	-35.1	-45.7	CONFIRMING
WY	Real EstateHealthcare/Defensive Reits	-39.2	-42.8	-34.0	CONFIRMING
AAL	IndustrialsTransports	-38.4	-40.1	-35.7	CONFIRMING
HD	Consumer DiscretionaryRetail	-38.1	-33.1	-45.7	CONFIRMING
MLM	MaterialsBuilding Materials	-37.8	-35.2	-41.7	CONFIRMING
MPWR	TechnologySemis	-37.4	-35.3	-40.6	CONFIRMING
MAT	Consumer DiscretionaryHome/Consumer Durables	-37.4	-47.5	-22.2	CONFIRMING
PPG	MaterialsChemicals	-36.8	-34.4	-40.6	CONFIRMING
SW	MaterialsPackaging	-36.6	-36.4	-36.9	CONFIRMING
VNO	Real EstateReit Office	-36.6	-32.0	-43.4	CONFIRMING
SYY	Consumer StaplesFood/Beverage	-36.0	-39.4	-30.8	CONFIRMING
CRH	MaterialsBuilding Materials	-35.9	-34.3	-38.4	CONFIRMING
BKNG	Consumer DiscretionaryTravel/Leisure	-35.8	-43.8	-23.8	CONFIRMING
CSCO	TechnologyHardware/Networking	-35.6	-37.4	-32.9	CONFIRMING
LYV	Communication ServicesEntertainment/Streaming	-35.6	-37.4	-32.9	CONFIRMING
STZ	Consumer StaplesFood/Beverage	-35.5	-40.9	-27.3	CONFIRMING
NSC	IndustrialsTransports	-35.5	-39.6	-29.3	CONFIRMING
CDNS	TechnologySoftware	-35.4	-33.9	-37.7	CONFIRMING
DDOG	TechnologyCloud Software	-35.2	-31.9	-40.2	CONFIRMING
SHW	MaterialsChemicals	-35.1	-32.3	-39.2	CONFIRMING
CRS	MaterialsCopper/Industrial Metals	-34.9	-36.0	-33.2	CONFIRMING
IP	MaterialsPackaging	-34.8	-30.5	-41.1	CONFIRMING
ADSK	TechnologySoftware	-34.7	-46.5	-17.2	CONFIRMING
MTD	HealthcareBiotech	-34.4	-33.1	-36.3	CONFIRMING
RCL	Consumer DiscretionaryTravel/Leisure	-34.3	-31.2	-39.0	CONFIRMING
JD	Foreign MarketsEM Rotation	-34.0	-37.5	-28.8	CONFIRMING
CLX	Consumer StaplesHousehold & Personal Products	-33.8	-31.4	-37.4	CONFIRMING
MAR	Consumer DiscretionaryTravel/Leisure	-33.7	-28.6	-41.5	CONFIRMING
HON	IndustrialsAi Infra	-33.7	-30.2	-38.9	CONFIRMING
FTV	TechnologyScientific & Technical Instruments	-33.6	-26.0	-45.0	CONFIRMING
NCLH	Consumer DiscretionaryTravel/Leisure	-33.4	-28.9	-40.2	CONFIRMING
EXPE	Consumer DiscretionaryTravel/Leisure	-33.2	-42.3	-19.6	CONFIRMING
MNST	Consumer StaplesFood/Beverage	-33.1	-39.0	-24.2	CONFIRMING
KWEB	Foreign MarketsEM Rotation	-32.8	-32.6	-33.0	CONFIRMING
AXP	FinancialsConsumer Finance	-32.6	-27.8	-39.8	CONFIRMING
VFC	Consumer DiscretionaryApparel Manufacturing	-32.6	-32.4	-33.0	CONFIRMING
PHM	Consumer DiscretionaryHome/Consumer Durables	-32.6	-26.7	-41.4	CONFIRMING
TDG	IndustrialsDefense	-32.5	-28.0	-39.3	CONFIRMING
ECL	MaterialsChemicals	-32.4	-43.8	-15.4	CONFIRMING
PM	Consumer StaplesHousehold/Personal/Tobacco	-32.2	-43.6	-15.1	CONFIRMING
LOW	Consumer DiscretionaryRetail	-31.9	-25.4	-41.8	CONFIRMING
COST	Consumer StaplesStaples Retail	-31.8	-33.1	-29.9	CONFIRMING
NOC	IndustrialsDefense	-31.7	-32.4	-30.7	CONFIRMING
DECK	Consumer DiscretionaryApparel/Luxury	-31.5	-28.8	-35.5	CONFIRMING
LMT	IndustrialsDefense	-31.4	-30.9	-32.1	CONFIRMING
ODFL	IndustrialsTransports	-30.9	-21.0	-45.7	CONFIRMING
GE	IndustrialsDefense	-30.9	-26.3	-37.8	CONFIRMING
RYN	Real EstateHealthcare/Defensive Reits	-30.8	-30.7	-31.1	CONFIRMING
AMD	TechnologySemis	-30.7	-29.4	-32.5	CONFIRMING
UNP	IndustrialsTransports	-30.5	-33.3	-26.4	CONFIRMING
RTX	IndustrialsDefense	-30.4	-30.2	-30.7	CONFIRMING
URI	IndustrialsMachinery	-30.4	-22.5	-42.2	CONFIRMING
SCCO	MaterialsCopper/Industrial Metals	-30.4	-43.2	-11.1	CONFIRMING
WYNN	Consumer DiscretionaryResorts & Casinos	-30.2	-24.9	-38.1	CONFIRMING
MSI	Communication ServicesTelecom/Networks	-30.1	-52.7	+3.8	MIXED
ASHR	Foreign MarketsEM Rotation	-30.1	-27.7	-33.6	CONFIRMING

MOMENTUM — Dual Positive 80 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State
IQV	HealthcareBiotech	+49.0	+64.3	+26.1	CONFIRMING
RPRX	HealthcarePharma	+45.0	+52.2	+34.2	CONFIRMING
ELV	HealthcareHealthcare Providers	+40.6	+45.4	+33.3	CONFIRMING
CAH	HealthcareHealthcare Providers	+38.6	+37.0	+41.0	CONFIRMING
DE	IndustrialsMachinery	+38.5	+33.0	+46.9	CONFIRMING
NTR	MaterialsChemicals	+37.8	+34.1	+43.4	CONFIRMING
EXEL	HealthcareBiotech	+36.4	+39.7	+31.5	CONFIRMING
TTD	Communication ServicesInteractive Media	+35.3	+48.9	+14.8	CONFIRMING
CRCL	FinancialsCapital Markets/Alts	+35.1	+38.3	+30.4	CONFIRMING
HALO	HealthcareBiotech	+35.1	+42.8	+23.6	CONFIRMING
CNC	HealthcareHealthcare Providers	+35.1	+36.5	+32.9	CONFIRMING
FMC	MaterialsChemicals	+34.9	+35.3	+34.4	CONFIRMING
CF	MaterialsChemicals	+33.3	+27.5	+42.0	CONFIRMING
LUMN	Communication ServicesTelecom	+33.2	+37.7	+26.6	CONFIRMING
HOOD	FinancialsCapital Markets/Alts	+33.1	+33.6	+32.4	CONFIRMING
BE	EnergyEnergy Transition	+32.8	+43.7	+16.5	CONFIRMING
DELL	TechnologyData Infra	+32.8	+39.5	+22.9	CONFIRMING
SWKS	TechnologySemis	+32.6	+31.3	+34.4	CONFIRMING
NU	FinancialsBanks	+31.8	+36.7	+24.5	CONFIRMING
GILD	HealthcareBiotech	+31.7	+33.0	+29.8	CONFIRMING
HPQ	TechnologyHardware/Networking	+30.8	+27.1	+36.4	CONFIRMING
JNJ	HealthcarePharma	+30.7	+31.6	+29.4	CONFIRMING
AWK	UtilitiesRegulated Utilities	+30.6	+36.9	+21.1	CONFIRMING
COR	HealthcareHealthcare Providers	+29.8	+25.6	+36.3	CONFIRMING
MOS	MaterialsChemicals	+29.6	+25.1	+36.4	CONFIRMING
ALNY	HealthcareBiotech	+29.0	+28.1	+30.3	CONFIRMING
VLO	EnergyOil & Gas	+27.6	+23.5	+33.8	CONFIRMING
CEG	UtilitiesAi Infra	+27.6	+26.4	+29.5	CONFIRMING
HUM	HealthcareHealthcare Providers	+26.9	+24.2	+31.1	CONFIRMING
MTCH	Communication ServicesInteractive Media	+26.6	+28.4	+24.0	CONFIRMING
CART	Consumer DiscretionaryE Commerce	+26.6	+34.2	+15.1	CONFIRMING
REGN	HealthcareBiotech	+26.4	+28.6	+23.1	CONFIRMING
VRTX	HealthcareBiotech	+25.1	+26.6	+22.9	CONFIRMING
CI	HealthcareHealthcare Providers	+24.5	+23.4	+26.2	CONFIRMING
FTI	EnergyOil Services	+24.4	+23.9	+25.1	CONFIRMING
MET	FinancialsInsurance	+24.4	+32.2	+12.6	CONFIRMING
AMGN	HealthcareBiotech	+24.1	+27.9	+18.4	CONFIRMING
MCK	HealthcareHealthcare Providers	+23.9	+18.0	+32.7	CONFIRMING
TMUS	Communication ServicesTelecom/Networks	+23.8	+23.7	+24.0	CONFIRMING
CTVA	MaterialsChemicals	+23.2	+15.9	+34.0	CONFIRMING
CRM	TechnologyCloud Software	+22.9	+15.4	+34.1	CONFIRMING
OKTA	TechnologyCybersecurity	+22.9	+20.4	+26.5	CONFIRMING
EQT	EnergyOil & Gas	+22.8	+16.8	+31.8	CONFIRMING
EWZ	Foreign MarketsEM Rotation	+22.5	+16.8	+31.1	CONFIRMING
BIIB	HealthcareBiotech	+22.2	+23.2	+20.8	CONFIRMING
MT	MaterialsCopper/Industrial Metals	+22.2	+22.2	+22.1	CONFIRMING
MPC	EnergyOil & Gas	+22.1	+13.8	+34.6	CONFIRMING
ACN	TechnologyIt Services	+21.9	+21.8	+22.1	CONFIRMING
SPGI	FinancialsCapital Markets/Alts	+21.8	+21.9	+21.6	CONFIRMING
HMC	Consumer DiscretionaryAutos	+21.6	+27.2	+13.3	CONFIRMING
KDP	Consumer StaplesFood/Beverage	+21.5	+21.4	+21.6	CONFIRMING
WDAY	TechnologyCloud Software	+20.8	+21.9	+19.3	CONFIRMING
WES	EnergyMidstream	+20.7	+22.3	+18.4	CONFIRMING
MRNA	HealthcareBiotech	+20.3	+21.5	+18.4	CONFIRMING
ICE	FinancialsExchanges/Data	+20.2	+25.8	+11.8	CONFIRMING
PSX	EnergyOil & Gas	+19.9	+10.9	+33.5	CONFIRMING
RBLX	Communication ServicesEntertainment/Streaming	+19.7	+22.4	+15.6	CONFIRMING
EWT	Foreign MarketsEM Rotation	+19.4	+15.0	+26.0	CONFIRMING
RSG	IndustrialsCommercial Services	+19.2	+19.4	+19.0	CONFIRMING
BMY	HealthcarePharma	+19.1	+22.2	+14.5	CONFIRMING
COP	EnergyOil & Gas	+19.1	+12.1	+29.4	CONFIRMING
META	Communication ServicesInteractive Media	+19.0	+16.3	+23.1	CONFIRMING
CLF	MaterialsCopper/Industrial Metals	+18.5	+21.6	+13.9	CONFIRMING
PGR	FinancialsInsurance	+18.2	+20.1	+15.5	CONFIRMING
APA	EnergyOil & Gas	+18.2	+11.9	+27.6	CONFIRMING
ULTA	Consumer DiscretionaryRetail	+17.9	+10.5	+29.0	CONFIRMING
FSM	MaterialsGold/Precious Metals	+17.7	+19.7	+14.8	CONFIRMING
MRK	HealthcarePharma	+17.7	+20.3	+13.7	CONFIRMING
PFE	HealthcarePharma	+16.8	+11.3	+25.1	CONFIRMING
VTRS	HealthcarePharma	+16.8	+18.7	+14.0	CONFIRMING
NVDA	TechnologySemis	+16.6	+15.6	+18.0	CONFIRMING
ARGX	HealthcareBiotech	+16.4	+14.0	+20.0	CONFIRMING
NFLX	Communication ServicesEntertainment/Streaming	+14.7	+10.1	+21.5	CONFIRMING
TS	EnergyOil Services	+14.6	+11.6	+19.0	CONFIRMING
HL	MaterialsGold/Precious Metals	+14.0	+15.9	+11.1	CONFIRMING
PSKY	Communication ServicesEntertainment	+13.7	+10.4	+18.6	CONFIRMING
ED	UtilitiesRegulated Utilities	+13.5	+15.1	+11.2	CONFIRMING
TSLA	Consumer DiscretionaryAutos	+13.2	+12.0	+15.1	CONFIRMING
ALL	FinancialsInsurance	+12.2	+13.6	+10.0	CONFIRMING
CDE	MaterialsGold/Precious Metals	+10.5	+10.5	+10.6	CONFIRMING

BULL DIVERGENCE — Micro Leads 34 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State	Spread
AUR	Consumer DiscretionaryAutos	+25.0	+50.6	-13.3	ADD_RISK	63.9
JCI	IndustrialsAi Infra	+9.0	+32.2	-25.7	ADD_RISK	57.9
HWM	IndustrialsDefense	+3.7	+25.7	-29.2	ADD_RISK	54.9
PCG	UtilitiesRegulated Utilities	-11.1	+10.6	-43.6	ADD_RISK	54.1
SYM	IndustrialsAi Infra	+4.4	+24.7	-26.0	ADD_RISK	50.8
TFC	FinancialsBanks	+14.7	+34.7	-15.3	ADD_RISK	49.9
CSIQ	EnergyEnergy Transition	+0.7	+20.7	-29.1	ADD_RISK	49.8
PWR	IndustrialsAi Infra	+8.0	+27.9	-21.8	ADD_RISK	49.7
FHN	FinancialsBanks	+2.2	+20.8	-25.8	ADD_RISK	46.7
GEV	IndustrialsAi Infra	+4.3	+22.9	-23.7	ADD_RISK	46.7
CARR	IndustrialsAi Infra	+0.3	+18.5	-27.0	ADD_RISK	45.4
APTV	Consumer DiscretionaryAutos	+4.5	+22.4	-22.2	ADD_RISK	44.6
WRB	FinancialsInsurance	+12.5	+30.3	-14.2	ADD_RISK	44.5
USB	FinancialsBanks	+7.1	+24.8	-19.4	ADD_RISK	44.2
DLR	Real EstateDigital Infrastructure Reits	-3.3	+14.2	-29.5	ADD_RISK	43.7
FSLR	EnergyEnergy Transition	+0.9	+18.1	-25.0	ADD_RISK	43.1
PYPL	FinancialsPayments/Fintech	+5.9	+23.1	-19.9	ADD_RISK	43.0
MTB	FinancialsBanks	+1.2	+17.7	-23.5	ADD_RISK	41.2
P	TechnologySoftware	+14.1	+30.6	-10.5	ADD_RISK	41.1
NEE	UtilitiesAi Infra	+11.2	+27.6	-13.3	ADD_RISK	40.9
EXC	UtilitiesRegulated Utilities	+8.4	+24.7	-16.1	ADD_RISK	40.8
VRT	IndustrialsAi Infra	+9.1	+25.0	-14.7	ADD_RISK	39.8
AFL	FinancialsInsurance	+7.4	+23.2	-16.3	ADD_RISK	39.5
NI	UtilitiesRegulated Utilities	+12.5	+28.3	-11.1	ADD_RISK	39.5
CFG	FinancialsBanks	-1.9	+13.7	-25.3	ADD_RISK	39.0
INTC	TechnologySemis	+9.2	+24.7	-14.1	ADD_RISK	38.8
TKO	Communication ServicesEntertainment/Streaming	+10.1	+25.5	-13.0	ADD_RISK	38.5
ALLY	FinancialsConsumer Finance	+2.7	+18.0	-20.3	ADD_RISK	38.3
RUN	EnergyEnergy Transition	-2.5	+12.5	-25.0	ADD_RISK	37.5
BWA	Consumer DiscretionaryAutomobiles & Components	+1.6	+15.6	-19.4	ADD_RISK	35.1
KEY	FinancialsBanks	-1.7	+12.2	-22.4	ADD_RISK	34.6
ES	UtilitiesRegulated Utilities	+6.8	+20.3	-13.4	ADD_RISK	33.8
EWC	Foreign MarketsEM Rotation	+9.4	+22.5	-10.3	ADD_RISK	32.8
WM	IndustrialsCommercial Services	-0.1	+12.3	-18.6	ADD_RISK	31.0

BEAR DIVERGENCE — Micro Rolls Under 19 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State	Spread
CQP	EnergyMidstream	-16.0	-38.9	+18.5	FADE_RISK	57.4
IFF	MaterialsChemicals	-17.2	-36.5	+11.8	FADE_RISK	48.4
CMG	Consumer DiscretionaryRestaurants	-13.0	-32.3	+15.9	FADE_RISK	48.2
SLB	EnergyOil Services	-0.7	-18.1	+25.5	FADE_RISK	43.6
SJM	Consumer StaplesPackaged Foods	-3.1	-19.4	+21.3	FADE_RISK	40.6
EXE	EnergyOil & Gas	+5.3	-10.8	+29.5	FADE_RISK	40.3
PATH	TechnologySoftware	+1.3	-14.5	+24.9	FADE_RISK	39.4
NWSA	Communication ServicesEntertainment/Streaming	-8.3	-23.6	+14.6	FADE_RISK	38.1
ADBE	TechnologySoftware	-5.5	-20.6	+17.2	FADE_RISK	37.8
VALE	MaterialsCopper/Industrial Metals	-0.8	-15.9	+21.8	FADE_RISK	37.7
EPD	EnergyMidstream	+1.4	-13.7	+23.9	FADE_RISK	37.6
ROP	TechnologySoftware	-5.4	-18.7	+14.5	FADE_RISK	33.2
CME	FinancialsExchanges/Data	-1.5	-14.7	+18.3	FADE_RISK	33.0
SQM	MaterialsChemicals	-3.6	-16.2	+15.4	FADE_RISK	31.5
BKR	EnergyOil Services	-3.7	-15.7	+14.5	FADE_RISK	30.2
TGT	Consumer StaplesStaples Retail	-4.6	-16.3	+13.1	FADE_RISK	29.4
LYB	MaterialsChemicals	-4.8	-16.4	+12.7	FADE_RISK	29.2
CVNA	Consumer DiscretionaryRetail	-5.4	-16.6	+11.3	FADE_RISK	27.9
EL	Consumer StaplesHousehold/Personal/Tobacco	-4.1	-13.9	+10.5	FADE_RISK	24.4

Sector Rotation

Sector	Comp	Micro	Macro
Other1 instruments · 0% leading	+23.8	+40.9	-2.0
Energy40 instruments · 75% leading	+4.0	+0.3	+9.5
Healthcare62 instruments · 58% leading	+3.8	+2.8	+5.2
Utilities28 instruments · 21% leading	+1.1	+9.8	-12.0
Financials63 instruments · 30% leading	-1.2	+3.4	-8.0
Communication Services30 instruments · 57% leading	-5.2	-8.1	-0.9
Technology72 instruments · 33% leading	-6.8	-6.4	-7.5
Materials61 instruments · 44% leading	-8.2	-10.2	-5.2
Consumer Discretionary65 instruments · 23% leading	-13.0	-11.3	-15.6
Consumer Staples34 instruments · 38% leading	-13.2	-17.2	-7.3
Foreign Markets32 instruments · 19% leading	-14.3	-12.6	-16.8
Industrials70 instruments · 6% leading	-16.0	-9.5	-25.9
Real Estate27 instruments · 19% leading	-16.3	-13.4	-20.7

Economic Cycle Position

Energy leadership with Healthcare and Utilities close behind, against weak Industrials and Real Estate, is a defensive late-cycle mix.

Market Health

UNIVERSE585

AVG COMP-7.0

AVG MICRO-5.7

AVG MACRO-8.9

LEADING202

STRONG / WEAK23 / 69

Style Rotation

Style	N	Avg Composite	Positive Breadth
Other	1	+23.8	100%
Defensive	144	-4.3	40%
Value	233	-6.9	36%
Growth	207	-9.1	33%

Integrated Ticker Intelligence — §A Signal Archetypes

🚀 REAL BOUNCE — Bull Divergence 34 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State	Spread
AUR	Consumer DiscretionaryAutos	+25.0	+50.6	-13.3	ADD_RISK	63.9
JCI	IndustrialsAi Infra	+9.0	+32.2	-25.7	ADD_RISK	57.9
HWM	IndustrialsDefense	+3.7	+25.7	-29.2	ADD_RISK	54.9
PCG	UtilitiesRegulated Utilities	-11.1	+10.6	-43.6	ADD_RISK	54.1
SYM	IndustrialsAi Infra	+4.4	+24.7	-26.0	ADD_RISK	50.8
TFC	FinancialsBanks	+14.7	+34.7	-15.3	ADD_RISK	49.9
CSIQ	EnergyEnergy Transition	+0.7	+20.7	-29.1	ADD_RISK	49.8
PWR	IndustrialsAi Infra	+8.0	+27.9	-21.8	ADD_RISK	49.7
FHN	FinancialsBanks	+2.2	+20.8	-25.8	ADD_RISK	46.7
GEV	IndustrialsAi Infra	+4.3	+22.9	-23.7	ADD_RISK	46.7
CARR	IndustrialsAi Infra	+0.3	+18.5	-27.0	ADD_RISK	45.4
APTV	Consumer DiscretionaryAutos	+4.5	+22.4	-22.2	ADD_RISK	44.6
WRB	FinancialsInsurance	+12.5	+30.3	-14.2	ADD_RISK	44.5
USB	FinancialsBanks	+7.1	+24.8	-19.4	ADD_RISK	44.2
DLR	Real EstateDigital Infrastructure Reits	-3.3	+14.2	-29.5	ADD_RISK	43.7
FSLR	EnergyEnergy Transition	+0.9	+18.1	-25.0	ADD_RISK	43.1
PYPL	FinancialsPayments/Fintech	+5.9	+23.1	-19.9	ADD_RISK	43.0
MTB	FinancialsBanks	+1.2	+17.7	-23.5	ADD_RISK	41.2
P	TechnologySoftware	+14.1	+30.6	-10.5	ADD_RISK	41.1
NEE	UtilitiesAi Infra	+11.2	+27.6	-13.3	ADD_RISK	40.9
EXC	UtilitiesRegulated Utilities	+8.4	+24.7	-16.1	ADD_RISK	40.8
VRT	IndustrialsAi Infra	+9.1	+25.0	-14.7	ADD_RISK	39.8
AFL	FinancialsInsurance	+7.4	+23.2	-16.3	ADD_RISK	39.5
NI	UtilitiesRegulated Utilities	+12.5	+28.3	-11.1	ADD_RISK	39.5
CFG	FinancialsBanks	-1.9	+13.7	-25.3	ADD_RISK	39.0
INTC	TechnologySemis	+9.2	+24.7	-14.1	ADD_RISK	38.8
TKO	Communication ServicesEntertainment/Streaming	+10.1	+25.5	-13.0	ADD_RISK	38.5
ALLY	FinancialsConsumer Finance	+2.7	+18.0	-20.3	ADD_RISK	38.3
RUN	EnergyEnergy Transition	-2.5	+12.5	-25.0	ADD_RISK	37.5
BWA	Consumer DiscretionaryAutomobiles & Components	+1.6	+15.6	-19.4	ADD_RISK	35.1
KEY	FinancialsBanks	-1.7	+12.2	-22.4	ADD_RISK	34.6
ES	UtilitiesRegulated Utilities	+6.8	+20.3	-13.4	ADD_RISK	33.8
EWC	Foreign MarketsEM Rotation	+9.4	+22.5	-10.3	ADD_RISK	32.8
WM	IndustrialsCommercial Services	-0.1	+12.3	-18.6	ADD_RISK	31.0

🪤 DEAD CAT — Fade the Rip 0 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State	Spread

🔻 TOPPING TOP — Reduce / Short Watch 7 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State	Spread
CQP	EnergyMidstream	-16.0	-38.9	+18.5	FADE_RISK	57.4
CMG	Consumer DiscretionaryRestaurants	-13.0	-32.3	+15.9	FADE_RISK	48.2
SLB	EnergyOil Services	-0.7	-18.1	+25.5	FADE_RISK	43.6
SJM	Consumer StaplesPackaged Foods	-3.1	-19.4	+21.3	FADE_RISK	40.6
ADBE	TechnologySoftware	-5.5	-20.6	+17.2	FADE_RISK	37.8
VALE	MaterialsCopper/Industrial Metals	-0.8	-15.9	+21.8	FADE_RISK	37.7
SQM	MaterialsChemicals	-3.6	-16.2	+15.4	FADE_RISK	31.5

🔥 MOMENTUM — Add / Hold / Trail 80 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State
IQV	HealthcareBiotech	+49.0	+64.3	+26.1	CONFIRMING
RPRX	HealthcarePharma	+45.0	+52.2	+34.2	CONFIRMING
ELV	HealthcareHealthcare Providers	+40.6	+45.4	+33.3	CONFIRMING
CAH	HealthcareHealthcare Providers	+38.6	+37.0	+41.0	CONFIRMING
DE	IndustrialsMachinery	+38.5	+33.0	+46.9	CONFIRMING
NTR	MaterialsChemicals	+37.8	+34.1	+43.4	CONFIRMING
EXEL	HealthcareBiotech	+36.4	+39.7	+31.5	CONFIRMING
TTD	Communication ServicesInteractive Media	+35.3	+48.9	+14.8	CONFIRMING
CRCL	FinancialsCapital Markets/Alts	+35.1	+38.3	+30.4	CONFIRMING
HALO	HealthcareBiotech	+35.1	+42.8	+23.6	CONFIRMING
CNC	HealthcareHealthcare Providers	+35.1	+36.5	+32.9	CONFIRMING
FMC	MaterialsChemicals	+34.9	+35.3	+34.4	CONFIRMING
CF	MaterialsChemicals	+33.3	+27.5	+42.0	CONFIRMING
LUMN	Communication ServicesTelecom	+33.2	+37.7	+26.6	CONFIRMING
HOOD	FinancialsCapital Markets/Alts	+33.1	+33.6	+32.4	CONFIRMING
BE	EnergyEnergy Transition	+32.8	+43.7	+16.5	CONFIRMING
DELL	TechnologyData Infra	+32.8	+39.5	+22.9	CONFIRMING
SWKS	TechnologySemis	+32.6	+31.3	+34.4	CONFIRMING
NU	FinancialsBanks	+31.8	+36.7	+24.5	CONFIRMING
GILD	HealthcareBiotech	+31.7	+33.0	+29.8	CONFIRMING
HPQ	TechnologyHardware/Networking	+30.8	+27.1	+36.4	CONFIRMING
JNJ	HealthcarePharma	+30.7	+31.6	+29.4	CONFIRMING
AWK	UtilitiesRegulated Utilities	+30.6	+36.9	+21.1	CONFIRMING
COR	HealthcareHealthcare Providers	+29.8	+25.6	+36.3	CONFIRMING
MOS	MaterialsChemicals	+29.6	+25.1	+36.4	CONFIRMING
ALNY	HealthcareBiotech	+29.0	+28.1	+30.3	CONFIRMING
VLO	EnergyOil & Gas	+27.6	+23.5	+33.8	CONFIRMING
CEG	UtilitiesAi Infra	+27.6	+26.4	+29.5	CONFIRMING
HUM	HealthcareHealthcare Providers	+26.9	+24.2	+31.1	CONFIRMING
MTCH	Communication ServicesInteractive Media	+26.6	+28.4	+24.0	CONFIRMING
CART	Consumer DiscretionaryE Commerce	+26.6	+34.2	+15.1	CONFIRMING
REGN	HealthcareBiotech	+26.4	+28.6	+23.1	CONFIRMING
VRTX	HealthcareBiotech	+25.1	+26.6	+22.9	CONFIRMING
CI	HealthcareHealthcare Providers	+24.5	+23.4	+26.2	CONFIRMING
FTI	EnergyOil Services	+24.4	+23.9	+25.1	CONFIRMING
MET	FinancialsInsurance	+24.4	+32.2	+12.6	CONFIRMING
AMGN	HealthcareBiotech	+24.1	+27.9	+18.4	CONFIRMING
MCK	HealthcareHealthcare Providers	+23.9	+18.0	+32.7	CONFIRMING
TMUS	Communication ServicesTelecom/Networks	+23.8	+23.7	+24.0	CONFIRMING
CTVA	MaterialsChemicals	+23.2	+15.9	+34.0	CONFIRMING
CRM	TechnologyCloud Software	+22.9	+15.4	+34.1	CONFIRMING
OKTA	TechnologyCybersecurity	+22.9	+20.4	+26.5	CONFIRMING
EQT	EnergyOil & Gas	+22.8	+16.8	+31.8	CONFIRMING
EWZ	Foreign MarketsEM Rotation	+22.5	+16.8	+31.1	CONFIRMING
BIIB	HealthcareBiotech	+22.2	+23.2	+20.8	CONFIRMING
MT	MaterialsCopper/Industrial Metals	+22.2	+22.2	+22.1	CONFIRMING
MPC	EnergyOil & Gas	+22.1	+13.8	+34.6	CONFIRMING
ACN	TechnologyIt Services	+21.9	+21.8	+22.1	CONFIRMING
SPGI	FinancialsCapital Markets/Alts	+21.8	+21.9	+21.6	CONFIRMING
HMC	Consumer DiscretionaryAutos	+21.6	+27.2	+13.3	CONFIRMING
KDP	Consumer StaplesFood/Beverage	+21.5	+21.4	+21.6	CONFIRMING
WDAY	TechnologyCloud Software	+20.8	+21.9	+19.3	CONFIRMING
WES	EnergyMidstream	+20.7	+22.3	+18.4	CONFIRMING
MRNA	HealthcareBiotech	+20.3	+21.5	+18.4	CONFIRMING
ICE	FinancialsExchanges/Data	+20.2	+25.8	+11.8	CONFIRMING
PSX	EnergyOil & Gas	+19.9	+10.9	+33.5	CONFIRMING
RBLX	Communication ServicesEntertainment/Streaming	+19.7	+22.4	+15.6	CONFIRMING
EWT	Foreign MarketsEM Rotation	+19.4	+15.0	+26.0	CONFIRMING
RSG	IndustrialsCommercial Services	+19.2	+19.4	+19.0	CONFIRMING
BMY	HealthcarePharma	+19.1	+22.2	+14.5	CONFIRMING
COP	EnergyOil & Gas	+19.1	+12.1	+29.4	CONFIRMING
META	Communication ServicesInteractive Media	+19.0	+16.3	+23.1	CONFIRMING
CLF	MaterialsCopper/Industrial Metals	+18.5	+21.6	+13.9	CONFIRMING
PGR	FinancialsInsurance	+18.2	+20.1	+15.5	CONFIRMING
APA	EnergyOil & Gas	+18.2	+11.9	+27.6	CONFIRMING
ULTA	Consumer DiscretionaryRetail	+17.9	+10.5	+29.0	CONFIRMING
FSM	MaterialsGold/Precious Metals	+17.7	+19.7	+14.8	CONFIRMING
MRK	HealthcarePharma	+17.7	+20.3	+13.7	CONFIRMING
PFE	HealthcarePharma	+16.8	+11.3	+25.1	CONFIRMING
VTRS	HealthcarePharma	+16.8	+18.7	+14.0	CONFIRMING
NVDA	TechnologySemis	+16.6	+15.6	+18.0	CONFIRMING
ARGX	HealthcareBiotech	+16.4	+14.0	+20.0	CONFIRMING
NFLX	Communication ServicesEntertainment/Streaming	+14.7	+10.1	+21.5	CONFIRMING
TS	EnergyOil Services	+14.6	+11.6	+19.0	CONFIRMING
HL	MaterialsGold/Precious Metals	+14.0	+15.9	+11.1	CONFIRMING
PSKY	Communication ServicesEntertainment	+13.7	+10.4	+18.6	CONFIRMING
ED	UtilitiesRegulated Utilities	+13.5	+15.1	+11.2	CONFIRMING
TSLA	Consumer DiscretionaryAutos	+13.2	+12.0	+15.1	CONFIRMING
ALL	FinancialsInsurance	+12.2	+13.6	+10.0	CONFIRMING
CDE	MaterialsGold/Precious Metals	+10.5	+10.5	+10.6	CONFIRMING

🧊 FADE SETUP — Bearish Watch 5 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State	Spread
CQP	EnergyMidstream	-16.0	-38.9	+18.5	FADE_RISK	57.4
IFF	MaterialsChemicals	-17.2	-36.5	+11.8	FADE_RISK	48.4
CMG	Consumer DiscretionaryRestaurants	-13.0	-32.3	+15.9	FADE_RISK	48.2
NWSA	Communication ServicesEntertainment/Streaming	-8.3	-23.6	+14.6	FADE_RISK	38.1
ADBE	TechnologySoftware	-5.5	-20.6	+17.2	FADE_RISK	37.8

🕳 BREAKDOWN — Avoid / Short Bounces 151 qualifying

Ticker	Sector / Industry	Comp	Micro	Macro	State
INVH	Real EstateResidential Reits	-47.5	-52.7	-39.6	CONFIRMING
TTWO	Communication ServicesEntertainment/Streaming	-45.2	-45.2	-45.3	CONFIRMING
SYK	HealthcareBiotech	-45.2	-45.3	-45.0	CONFIRMING
CPNG	Foreign MarketsEM Rotation	-44.5	-52.1	-33.2	CONFIRMING
CMI	IndustrialsMachinery	-42.9	-48.0	-35.3	CONFIRMING
VMC	MaterialsBuilding Materials	-42.1	-39.1	-46.5	CONFIRMING
PDD	Foreign MarketsEM Rotation	-41.3	-44.9	-35.9	CONFIRMING
DD	MaterialsChemicals	-41.2	-37.6	-46.6	CONFIRMING
PINS	Communication ServicesInteractive Media	-40.7	-37.6	-45.4	CONFIRMING
MGM	Consumer DiscretionaryTravel/Leisure	-40.6	-40.6	-40.5	CONFIRMING
EMN	MaterialsSpecialty Chemicals	-40.1	-40.5	-39.6	CONFIRMING
NTES	Foreign MarketsEM Rotation	-39.8	-38.8	-41.4	CONFIRMING
CIEN	Communication ServicesTelecom/Networks	-39.6	-32.3	-50.6	CONFIRMING
TSN	Consumer StaplesFood/Beverage	-39.4	-35.1	-45.7	CONFIRMING
WY	Real EstateHealthcare/Defensive Reits	-39.2	-42.8	-34.0	CONFIRMING
AAL	IndustrialsTransports	-38.4	-40.1	-35.7	CONFIRMING
HD	Consumer DiscretionaryRetail	-38.1	-33.1	-45.7	CONFIRMING
MLM	MaterialsBuilding Materials	-37.8	-35.2	-41.7	CONFIRMING
MPWR	TechnologySemis	-37.4	-35.3	-40.6	CONFIRMING
MAT	Consumer DiscretionaryHome/Consumer Durables	-37.4	-47.5	-22.2	CONFIRMING
PPG	MaterialsChemicals	-36.8	-34.4	-40.6	CONFIRMING
SW	MaterialsPackaging	-36.6	-36.4	-36.9	CONFIRMING
VNO	Real EstateReit Office	-36.6	-32.0	-43.4	CONFIRMING
SYY	Consumer StaplesFood/Beverage	-36.0	-39.4	-30.8	CONFIRMING
CRH	MaterialsBuilding Materials	-35.9	-34.3	-38.4	CONFIRMING
BKNG	Consumer DiscretionaryTravel/Leisure	-35.8	-43.8	-23.8	CONFIRMING
CSCO	TechnologyHardware/Networking	-35.6	-37.4	-32.9	CONFIRMING
LYV	Communication ServicesEntertainment/Streaming	-35.6	-37.4	-32.9	CONFIRMING
STZ	Consumer StaplesFood/Beverage	-35.5	-40.9	-27.3	CONFIRMING
NSC	IndustrialsTransports	-35.5	-39.6	-29.3	CONFIRMING
CDNS	TechnologySoftware	-35.4	-33.9	-37.7	CONFIRMING
DDOG	TechnologyCloud Software	-35.2	-31.9	-40.2	CONFIRMING
SHW	MaterialsChemicals	-35.1	-32.3	-39.2	CONFIRMING
CRS	MaterialsCopper/Industrial Metals	-34.9	-36.0	-33.2	CONFIRMING
IP	MaterialsPackaging	-34.8	-30.5	-41.1	CONFIRMING
ADSK	TechnologySoftware	-34.7	-46.5	-17.2	CONFIRMING
MTD	HealthcareBiotech	-34.4	-33.1	-36.3	CONFIRMING
RCL	Consumer DiscretionaryTravel/Leisure	-34.3	-31.2	-39.0	CONFIRMING
JD	Foreign MarketsEM Rotation	-34.0	-37.5	-28.8	CONFIRMING
CLX	Consumer StaplesHousehold & Personal Products	-33.8	-31.4	-37.4	CONFIRMING
MAR	Consumer DiscretionaryTravel/Leisure	-33.7	-28.6	-41.5	CONFIRMING
HON	IndustrialsAi Infra	-33.7	-30.2	-38.9	CONFIRMING
FTV	TechnologyScientific & Technical Instruments	-33.6	-26.0	-45.0	CONFIRMING
NCLH	Consumer DiscretionaryTravel/Leisure	-33.4	-28.9	-40.2	CONFIRMING
EXPE	Consumer DiscretionaryTravel/Leisure	-33.2	-42.3	-19.6	CONFIRMING
MNST	Consumer StaplesFood/Beverage	-33.1	-39.0	-24.2	CONFIRMING
KWEB	Foreign MarketsEM Rotation	-32.8	-32.6	-33.0	CONFIRMING
AXP	FinancialsConsumer Finance	-32.6	-27.8	-39.8	CONFIRMING
VFC	Consumer DiscretionaryApparel Manufacturing	-32.6	-32.4	-33.0	CONFIRMING
PHM	Consumer DiscretionaryHome/Consumer Durables	-32.6	-26.7	-41.4	CONFIRMING
TDG	IndustrialsDefense	-32.5	-28.0	-39.3	CONFIRMING
ECL	MaterialsChemicals	-32.4	-43.8	-15.4	CONFIRMING
PM	Consumer StaplesHousehold/Personal/Tobacco	-32.2	-43.6	-15.1	CONFIRMING
LOW	Consumer DiscretionaryRetail	-31.9	-25.4	-41.8	CONFIRMING
COST	Consumer StaplesStaples Retail	-31.8	-33.1	-29.9	CONFIRMING
NOC	IndustrialsDefense	-31.7	-32.4	-30.7	CONFIRMING
DECK	Consumer DiscretionaryApparel/Luxury	-31.5	-28.8	-35.5	CONFIRMING
LMT	IndustrialsDefense	-31.4	-30.9	-32.1	CONFIRMING
ODFL	IndustrialsTransports	-30.9	-21.0	-45.7	CONFIRMING
GE	IndustrialsDefense	-30.9	-26.3	-37.8	CONFIRMING
RYN	Real EstateHealthcare/Defensive Reits	-30.8	-30.7	-31.1	CONFIRMING
AMD	TechnologySemis	-30.7	-29.4	-32.5	CONFIRMING
UNP	IndustrialsTransports	-30.5	-33.3	-26.4	CONFIRMING
RTX	IndustrialsDefense	-30.4	-30.2	-30.7	CONFIRMING
URI	IndustrialsMachinery	-30.4	-22.5	-42.2	CONFIRMING
WYNN	Consumer DiscretionaryResorts & Casinos	-30.2	-24.9	-38.1	CONFIRMING
ASHR	Foreign MarketsEM Rotation	-30.1	-27.7	-33.6	CONFIRMING
POOL	Consumer DiscretionaryHome/Consumer Durables	-30.0	-29.1	-31.2	CONFIRMING
PLUG	EnergyEnergy Transition	-30.0	-28.5	-32.1	CONFIRMING
ORLY	Consumer DiscretionaryRetail	-29.7	-28.1	-32.0	CONFIRMING
BLK	FinancialsCapital Markets/Alts	-29.4	-31.5	-26.2	CONFIRMING
HRL	Consumer StaplesPackaged Foods	-29.4	-28.0	-31.5	CONFIRMING
LNT	UtilitiesUtilities Regulated Electric	-29.3	-31.5	-26.0	CONFIRMING
HCA	HealthcareHealthcare Providers	-29.0	-37.1	-16.8	CONFIRMING
BSX	HealthcareBiotech	-29.0	-36.8	-17.2	CONFIRMING
ASML	TechnologySemi Equipment	-28.9	-25.6	-33.9	CONFIRMING
MAS	IndustrialsConstruction/Engineering	-28.8	-23.8	-36.3	CONFIRMING
CCL	Consumer DiscretionaryTravel/Leisure	-28.7	-21.3	-39.7	CONFIRMING
EMR	IndustrialsMachinery & Electrical Equipment	-28.7	-24.4	-35.0	CONFIRMING
MCHI	Foreign MarketsEM Rotation	-28.6	-28.4	-29.0	CONFIRMING
EXP	MaterialsBuilding Materials	-28.3	-23.6	-35.4	CONFIRMING
FLNC	EnergyEnergy Transition	-28.3	-25.1	-33.1	CONFIRMING
ISRG	HealthcareBiotech	-28.2	-32.2	-22.3	CONFIRMING
ALK	IndustrialsTransports	-28.2	-31.3	-23.7	CONFIRMING
FEZ	Foreign MarketsEM Rotation	-28.2	-20.6	-39.5	CONFIRMING
TXN	TechnologySemis	-28.0	-22.8	-35.9	CONFIRMING
ADI	TechnologySemis	-27.9	-20.5	-39.1	CONFIRMING
TOL	Consumer DiscretionaryHome/Consumer Durables	-27.9	-21.5	-37.5	CONFIRMING
BX	FinancialsCapital Markets/Alts	-27.9	-30.6	-23.8	CONFIRMING
HLT	Consumer DiscretionaryTravel/Leisure	-27.6	-25.0	-31.4	CONFIRMING
PANW	TechnologyCybersecurity	-27.4	-25.8	-29.9	CONFIRMING
MMM	IndustrialsMachinery	-27.3	-20.5	-37.6	CONFIRMING
CL	Consumer StaplesHousehold/Personal/Tobacco	-27.1	-26.6	-28.0	CONFIRMING
XYL	IndustrialsSpecialty Industrial Machinery	-27.1	-17.6	-41.2	CONFIRMING
COHR	TechnologySemi Equipment	-26.7	-24.6	-29.9	CONFIRMING
DKNG	Consumer DiscretionaryTravel/Leisure	-26.5	-31.0	-19.8	CONFIRMING
LLY	HealthcarePharma	-26.5	-30.6	-20.3	CONFIRMING
CHD	Consumer StaplesHousehold/Personal/Tobacco	-26.5	-33.2	-16.3	CONFIRMING
AMAT	TechnologySemi Equipment	-26.2	-20.2	-35.2	CONFIRMING
BAX	HealthcareMedtech & Tools	-26.0	-27.5	-23.9	CONFIRMING
UAL	IndustrialsTransports	-25.7	-19.7	-34.7	CONFIRMING
LUV	IndustrialsTransports	-25.7	-21.8	-31.6	CONFIRMING
AAP	Consumer DiscretionaryAuto Parts	-25.4	-24.7	-26.5	CONFIRMING
ALLE	IndustrialsConstruction/Engineering	-25.3	-25.8	-24.7	CONFIRMING
MCD	Consumer DiscretionaryRestaurants	-25.3	-21.5	-31.0	CONFIRMING
WAB	IndustrialsMachinery	-25.3	-17.2	-37.4	CONFIRMING
OMC	Communication ServicesEntertainment & Media	-25.2	-30.3	-17.4	CONFIRMING
JOBY	IndustrialsSpace/Aviation	-25.1	-21.0	-31.3	CONFIRMING
ITW	IndustrialsMachinery	-25.0	-16.3	-38.1	CONFIRMING
KTOS	IndustrialsDefense	-25.0	-21.0	-31.0	CONFIRMING
RL	Consumer DiscretionaryApparel/Luxury	-25.0	-16.5	-37.8	CONFIRMING
CSX	IndustrialsTransports	-24.8	-17.5	-35.7	CONFIRMING
CPT	Real EstateResidential Reits	-24.8	-21.1	-30.3	CONFIRMING
TER	TechnologySemi Equipment	-24.8	-20.0	-32.0	CONFIRMING
ESS	Real EstateResidential Reits	-24.6	-22.6	-27.5	CONFIRMING
MDB	TechnologyCloud Software	-24.5	-28.5	-18.6	CONFIRMING
IRM	Real EstateDigital Infrastructure Reits	-24.5	-15.4	-38.1	CONFIRMING
LEN	Consumer DiscretionaryHome/Consumer Durables	-24.1	-17.6	-33.9	CONFIRMING
TPR	Consumer DiscretionaryApparel/Luxury	-24.1	-21.9	-27.3	CONFIRMING
SWK	IndustrialsTools & Accessories	-23.9	-19.9	-29.8	CONFIRMING
SE	Consumer DiscretionaryE Commerce	-23.7	-25.1	-21.7	CONFIRMING
PKG	MaterialsPackaging	-23.7	-15.2	-36.3	CONFIRMING
NET	TechnologyCybersecurity	-23.4	-24.7	-21.5	CONFIRMING
IBKR	FinancialsCapital Markets/Alts	-23.4	-24.7	-21.4	CONFIRMING
MDLZ	Consumer StaplesFood/Beverage	-23.2	-28.3	-15.5	CONFIRMING
IRDM	Communication ServicesTelecom/Networks	-23.2	-20.2	-27.6	CONFIRMING
LIN	MaterialsChemicals	-23.1	-26.3	-18.2	CONFIRMING
LUNR	IndustrialsSpace/Aviation	-23.0	-23.6	-22.1	CONFIRMING
ON	TechnologySemis	-22.4	-23.1	-21.5	CONFIRMING
LVS	Consumer DiscretionaryTravel/Leisure	-22.4	-17.8	-29.3	CONFIRMING
PLD	Real EstateCommercial Reits/Services	-22.2	-16.9	-30.3	CONFIRMING
HST	Real EstateCommercial Reits/Services	-22.2	-16.0	-31.6	CONFIRMING
FISV	FinancialsPayments/Fintech	-22.2	-24.4	-18.8	CONFIRMING
VICI	Real EstateRetail/Net Lease Reits	-22.0	-17.2	-29.2	CONFIRMING
AVY	MaterialsBasic Materials	-21.9	-24.4	-18.1	CONFIRMING
BABA	Foreign MarketsEM Rotation	-21.8	-16.5	-29.8	CONFIRMING
MAA	Real EstateResidential Reits	-21.7	-18.2	-26.9	CONFIRMING
EWG	Foreign MarketsEM Rotation	-21.6	-21.5	-21.8	CONFIRMING
VGK	Foreign MarketsEM Rotation	-21.6	-16.2	-29.6	CONFIRMING
AMCR	MaterialsPackaging	-21.3	-24.1	-17.0	CONFIRMING
CTAS	IndustrialsCommercial Services	-20.9	-24.8	-15.2	CONFIRMING
ATI	MaterialsCopper/Industrial Metals	-20.9	-19.0	-23.8	CONFIRMING
GS	FinancialsCapital Markets/Alts	-20.4	-15.2	-28.2	CONFIRMING
AIG	FinancialsInsurance	-19.6	-22.1	-15.9	CONFIRMING
LITE	TechnologySemi Equipment	-18.6	-20.6	-15.6	CONFIRMING
MRVL	TechnologySemis	-18.6	-16.9	-21.0	CONFIRMING
GWW	IndustrialsMachinery	-18.5	-18.0	-19.4	CONFIRMING
TOST	FinancialsPayments/Fintech	-18.4	-19.8	-16.4	CONFIRMING
EWW	Foreign MarketsEM Rotation	-18.0	-18.5	-17.3	CONFIRMING
KMB	Consumer StaplesHousehold/Personal/Tobacco	-17.1	-15.5	-19.6	CONFIRMING
ANET	TechnologyData Infra	-16.8	-17.6	-15.5	CONFIRMING

§B — Sympathy Play Cards

NO CLEAN INDIVIDUAL-STOCK SYMPATHY CARD.

LULU is locked out after a reported −15% after-hours move. PATH entered earnings with a 21-day +31.8% return and a FADE_RISK micro/macro split; ZS entered with negative Micro and Composite. OpenAI's $1B cyber initiative names a real spending pool but does not yet establish which public vendor captures it. CRWD, PANW and FTNT therefore remain context—not forced cards.

Full Market Radar

NO ACTIONABLE FULL-MARKET EXPRESSION.

The day's cleanest themes—yield relief, unresolved Iran/oil risk and critical-infrastructure cybersecurity—lack a fresh, non-extended individual stock with proven value capture and confirmed timing. ETFs remain regime proxies, not §B alpha.

§C — Prediction Market Signals

No source-visible contract resolving inside 14 days produced a current probability that survived the base-rate and convergence gates. No probability is inferred.

Leaders — Top 15

IQV	HealthcareBiotech	+49.0	+64.3	+26.1	CONFIRMING
RPRX	HealthcarePharma	+45.0	+52.2	+34.2	CONFIRMING
ELV	HealthcareHealthcare Providers	+40.6	+45.4	+33.3	CONFIRMING
CAH	HealthcareHealthcare Providers	+38.6	+37.0	+41.0	CONFIRMING
DE	IndustrialsMachinery	+38.5	+33.0	+46.9	CONFIRMING
NTR	MaterialsChemicals	+37.8	+34.1	+43.4	CONFIRMING
EXEL	HealthcareBiotech	+36.4	+39.7	+31.5	CONFIRMING
TTD	Communication ServicesInteractive Media	+35.3	+48.9	+14.8	CONFIRMING
CRCL	FinancialsCapital Markets/Alts	+35.1	+38.3	+30.4	CONFIRMING
HALO	HealthcareBiotech	+35.1	+42.8	+23.6	CONFIRMING
CNC	HealthcareHealthcare Providers	+35.1	+36.5	+32.9	CONFIRMING
FMC	MaterialsChemicals	+34.9	+35.3	+34.4	CONFIRMING
CF	MaterialsChemicals	+33.3	+27.5	+42.0	CONFIRMING
LUMN	Communication ServicesTelecom	+33.2	+37.7	+26.6	CONFIRMING
HOOD	FinancialsCapital Markets/Alts	+33.1	+33.6	+32.4	CONFIRMING

Laggards — Bottom 15

INVH	Real EstateResidential Reits	-47.5	-52.7	-39.6	CONFIRMING
TTWO	Communication ServicesEntertainment/Streaming	-45.2	-45.2	-45.3	CONFIRMING
SYK	HealthcareBiotech	-45.2	-45.3	-45.0	CONFIRMING
CPNG	Foreign MarketsEM Rotation	-44.5	-52.1	-33.2	CONFIRMING
CMI	IndustrialsMachinery	-42.9	-48.0	-35.3	CONFIRMING
VMC	MaterialsBuilding Materials	-42.1	-39.1	-46.5	CONFIRMING
PDD	Foreign MarketsEM Rotation	-41.3	-44.9	-35.9	CONFIRMING
DD	MaterialsChemicals	-41.2	-37.6	-46.6	CONFIRMING
PINS	Communication ServicesInteractive Media	-40.7	-37.6	-45.4	CONFIRMING
MGM	Consumer DiscretionaryTravel/Leisure	-40.6	-40.6	-40.5	CONFIRMING
EMN	MaterialsSpecialty Chemicals	-40.1	-40.5	-39.6	CONFIRMING
NTES	Foreign MarketsEM Rotation	-39.8	-38.8	-41.4	CONFIRMING
CIEN	Communication ServicesTelecom/Networks	-39.6	-32.3	-50.6	CONFIRMING
TSN	Consumer StaplesFood/Beverage	-39.4	-35.1	-45.7	CONFIRMING
WY	Real EstateHealthcare/Defensive Reits	-39.2	-42.8	-34.0	CONFIRMING

Divergence Alerts — Bull

AUR	Consumer DiscretionaryAutos	+25.0	+50.6	-13.3	ADD_RISK	63.9
JCI	IndustrialsAi Infra	+9.0	+32.2	-25.7	ADD_RISK	57.9
HWM	IndustrialsDefense	+3.7	+25.7	-29.2	ADD_RISK	54.9
PCG	UtilitiesRegulated Utilities	-11.1	+10.6	-43.6	ADD_RISK	54.1
SYM	IndustrialsAi Infra	+4.4	+24.7	-26.0	ADD_RISK	50.8
TFC	FinancialsBanks	+14.7	+34.7	-15.3	ADD_RISK	49.9
CSIQ	EnergyEnergy Transition	+0.7	+20.7	-29.1	ADD_RISK	49.8
PWR	IndustrialsAi Infra	+8.0	+27.9	-21.8	ADD_RISK	49.7
FHN	FinancialsBanks	+2.2	+20.8	-25.8	ADD_RISK	46.7
GEV	IndustrialsAi Infra	+4.3	+22.9	-23.7	ADD_RISK	46.7

Divergence Alerts — Bear

CQP	EnergyMidstream	-16.0	-38.9	+18.5	FADE_RISK	57.4
IFF	MaterialsChemicals	-17.2	-36.5	+11.8	FADE_RISK	48.4
CMG	Consumer DiscretionaryRestaurants	-13.0	-32.3	+15.9	FADE_RISK	48.2
SLB	EnergyOil Services	-0.7	-18.1	+25.5	FADE_RISK	43.6
SJM	Consumer StaplesPackaged Foods	-3.1	-19.4	+21.3	FADE_RISK	40.6
EXE	EnergyOil & Gas	+5.3	-10.8	+29.5	FADE_RISK	40.3
PATH	TechnologySoftware	+1.3	-14.5	+24.9	FADE_RISK	39.4
NWSA	Communication ServicesEntertainment/Streaming	-8.3	-23.6	+14.6	FADE_RISK	38.1
ADBE	TechnologySoftware	-5.5	-20.6	+17.2	FADE_RISK	37.8
VALE	MaterialsCopper/Industrial Metals	-0.8	-15.9	+21.8	FADE_RISK	37.7

Tech Sub-sector Breakdown

Industry	Comp	Micro	Macro	N
It Services	+3.4	+1.8	+5.8	4
Hardware/Networking	+2.2	+2.6	+1.7	7
Cloud Software	+1.9	-1.7	+7.4	10
Data Infra	-0.3	+6.3	-10.2	9
Software Application	-2.5	-8.5	+6.5	1
Semis	-9.1	-4.7	-15.6	16
Cybersecurity	-11.2	-14.9	-5.7	6
Software	-11.7	-18.1	-2.2	11
Semi Equipment	-22.8	-18.2	-29.9	7
Scientific & Technical Instruments	-33.6	-26.0	-45.0	1

PCR Gauge

No PCR reading is published from this rotation run.

Options Liquidity Gate

NO OPTIONS TRADE PROMOTED. Actionability failed at the catalyst, extension or timing gate before instrument selection; no stock was upgraded merely because an option chain exists.

TrendTao Social Cards

SEPTEMBER 3 REGIME

Large caps rallied as yields eased, but Energy + Healthcare + Utilities leadership and unresolved Iran/oil risk keep the tape late-cycle. No individual-stock setup cleared every thesis, timing, extension and liquidity gate.