Closing SA — 2026-06-29

Situation Awareness: Bullish. A textbook buy-the-dip session — mega-cap tech reasserted leadership after last week’s drubbing, with the S&P 500 (+1.2%) reclaiming its 50-day moving average (7,371), the Nasdaq Composite ripping +2.1%, and the DJIA (+0.6%) riding Alphabet’s first day as a Dow component (GOOGL +4.82% to $353.65). SPY/QQQ/IWM dollar levels and 200-day MA are data-unavailable today, so we lean on briefing percentages. Trade mode for tomorrow: look for early strength but stay alert to quarter-end rebalancing whippy. The defining catalyst was a semiconductor reversal — the PHLX Semi Index swung from down 2% to up 3.8% on Samsung/SK Hynix mega-investment news, with Corning (+15.72%) and Applied Materials (+10.82%) leading. Regime context — 65.2% of stocks closed above their 40-day SMA (vs 66.3% prior day, regime held at Bullish), and the 4% Bull/Bear gauge shows 111 bulls vs. 44 bears. The 5-day trend turned up sharply after last week’s concentrated tech pullback, signaling a leadership snapback rather than broad-based breakout.

SIP: CYTK HON RKLB IRDM

• What’s working: Reversal Bullish fired heaviest with 17 signals (chips/electronics leading — COHR, CRDO, AMD, NVDA, AVGO); Continuation (2LYNCH): 3 signals; D9M: 2 signals.
• Leading sectors: Technology (+1.16%), Healthcare (+1.01%), Communication Services (+0.95%); leading themes: Enterprise Software (+7.1%), Generic Drugs (+6.19%), Integrated Computer Systems (+5.96%).
• Key event: Samsung/SK Hynix’s ~KRW 2,450 tln long-term investment plan ignited the AI-infrastructure rally that rescued semis from an early selloff.
• Regime threading: morning SA called Bullish (66.3%), closing is Bullish (65.2%) — held, as breadth barely slipped while index leadership concentrated in mega-cap growth.
• DEP watchlist: TE ($8.90, +8.3%), XPEV ($12.76, +5.5%) — D9M continuation candidates.
• SIPS: TTWO ($248.55, +4.2%, INST), LH ($277.99, +2.4%, INST) — Continuation swing candidates for tomorrow.