Situation Awareness: Bullish, expanding. Mega-cap tech momentum and a coordinated relief trade in oil are driving the tape into record territory — the S&P 500 closed above 7,600 for the first time since June 2 and the DJIA notched an all-time closing high, with futures pointing higher again (S&P +25 @ 7,653; Dow +559 @ 53,893; Nasdaq +303 @ 29,194). Index prices and SMA levels are data unavailable this morning, so lean on futures and the 7,600 pivot as the reference. Trade mode: constructive and offensive on breakouts, but respect that leadership is still concentrated at the top. The dominant force is a one-two punch of strong earnings (CAT +11%, PLTR +15%) and easing geopolitics as a drafted U.S.–Iran framework knocks crude lower. Regime context — 61.29% of stocks trade above their 40-day SMA (up a sharp +6.7pp day-over-day), and the 4% Bull/Bear gauge shows 544 bulls vs. just 77 bears. The 5-day trend turned decisively up, with breadth above the 20-SMA jumping to 66% from 47% — early-cycle broadening beneath the mega-cap surface.
SIP: LIFE DORM SUPN ENSC
- What’s working: the Continuation/2LYNCH scan is rich with 26 signals — good breadth for breakout entries. Reversal is thin (2: SLB, AVGO). Delayed 9M is empty.
- Leading sectors (prior session): communication services +4.3%, consumer discretionary +2.7%, information technology +1.6%; energy lagged at -1.5%. Live sector/theme and ATR data are unavailable with the market closed.
- Key event: reports from Qatar that language has been drafted for a U.S.–Iran peace deal; Bessent says “there is a chance” of a Strait of Hormuz reopening deal today or tomorrow.
- Market read: yesterday’s session showed a healthy internal — semis reversed from a -3% open to finish +1.1%, equal-weight S&P rose 1.0%, Russell 2000 +1.7%. That participation says the rally isn’t purely mega-cap; dips are being bought.
- DEP watchlist: no Delayed 9M signals fired — stay patient on that book.
- SIPS: NBIS, IRTC, TLN — cleanest continuation setups with above-average RVOL.