Situation Awareness: Cautious. A split tape greets the week — S&P futures cling to +2.00 above fair value while Nasdaq futures sag 120 points below it, a clean divergence driven by renewed semiconductor weakness after China’s CXMT signaled next-gen memory production plans. Index price and SMA data are unavailable this session, so levels cannot be cited — trade off futures tone and breadth. Trade mode: selective and watchful, let the first hour show its hand. The Treasury market is closed for Columbus Day while the NYSE runs a full session, thinning liquidity, and the real catalysts sit mid-week with September CPI Wednesday and PPI Thursday ahead of the unofficial kickoff to Q3 bank earnings. Regime context — 27.15% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 163 bulls vs. 117 bears. The 5-day trend turned up, with breadth above the 40 SMA improving +2.3pp and above the 20 SMA jumping +5.0pp, signaling early broadening despite still-narrow absolute participation.
SIP: DNA CEG TWST SBFM
- What’s working: the Continuation/2LYNCH scan is moderately rich with 8 signals led by SBAC (+7.3%), NET (+5.6%) and TWLO (+5.0%); Reversal is thin at 2 (MCHP, PL); Delayed 9M is empty.
- Leading sectors/themes: live trending data is unavailable with markets closed and the Sector Volatility ATR feed is empty — lean on signal-level sector tags (Software, Real Estate, Finance showing the most momentum).
- Key event: bond market closed for Columbus Day thins liquidity; CPI Wednesday and PPI Thursday are the week’s fulcrum for rates and multiples.
- Market read: Friday closed a winning week built on broadening participation — Equal-Weight S&P snapped a seven-week losing streak — but AI/semi names remain the swing factor and are dragging again this morning.
- DEP watchlist: no Delayed 9M setups fired — stand down on that bucket today.
- SIPS: SBAC, NET, COIN from the Continuation scan as swing candidates.