Stats for 2026-08-21 (3rd week of the Month)

Market Stage & Risk Assessment

• Market Stage: Late Trend / Transitional Breakdown

• Risk Level: High

1. Market Trend Analysis

The broader benchmark (SPY), technology proxy (QQQ), and semiconductor benchmark (SMH) exhibit significant momentum loss and technical deceleration, tracking closely with the late-stage market breakdown observed over the past four weeks. While SPY has held up relatively better due to its embedded value and healthcare allocations, QQQ and SMH have suffered notable pullbacks from mid-month highs, illustrating concentrated institutional distribution across tech and semiconductor high-beta assets.

The Mag Seven components continue to display a bifurcated and overall weakening momentum profile:

• The Weakening / Transitioning Cohort (AAPL, MSFT, GOOGL, AMZN, TSLA): Oscillators across these core mega caps transitioned from positive to negative over the multi-week frame, confirming broad participation failure. Software and consumer-linked tech are bearing the brunt of valuation compression and momentum decay.

• The Outliers (NVDA, META): Only Nvidia and Meta retain marginal positive momentum indicators; however, their positive readings are fading relative to earlier weeks as semiconductor strength in SMH dissolved from its mid-month peak (~594) down toward key support (~560).

Because the majority of the Mag Seven oscillators are negative or transitioning downward, mega caps are currently failing to lead the market. This non-participation renders QQQ and SMH particularly vulnerable to further correction. Market cap distribution trends remain strictly risk-off, with falling median market caps and persistent exchange distribution pressure on the Nasdaq vs. NYSE issues. The broader breadth is narrowing rapidly, leaving benchmark indices dependent on non-tech defensive rotation rather than sustainable broad-based expansion.

2. Economic Outlook

The synchronized multi-week momentum decay across QQQ, SMH, and core Mag Seven constituents indicates that elevated capital costs, restrictive monetary conditions, and capital-expenditure digestion are actively weighing on high-multiplier growth sectors. While the broader economy maintains underlying baseline stability—reflected in SPY’s relative durability—the sharp pullback in SMH suggests institutional concern regarding near-term earnings growth visibility in hardware and AI infrastructure. Market sentiment is firmly defensive to transitional, characterized by institutional de-risking out of speculative growth into cash preservation and high-GPA, balance-sheet-resilient sectors.

3. Investment Ideas

Institutional capital is systematically moving down the risk curve: rotating away from semiconductor concentration (SMH) and mega-cap tech concentration (QQQ) into defensive, cash-flow-heavy market segments. Investors should maintain a defensive allocation strategy, reducing beta exposure by underweighting pure growth and mega-cap heavy index funds until Mag Seven momentum oscillators demonstrate definitive basing and reversal structures. Favor high-quality factor funds (high GPA), short-duration yield, and low-volatility strategies over cap-weighted growth proxies until tech breadth stabilizes.

4. ETF Opportunities

• Broad Core & Large Cap: SPY (Selective/Defensive tilt), RSP (Invesco S&P 500 Equal Weight ETF).

• Tech & Growth Positioning: QQQ (Cautious/Underweight), SMH (Underweight until basing finishes).

• Defensive Equity Rotation: XLV (Health Care), XLP (Staples), SPLV (Low Volatility).

• Quality & Yield Management: QUAL (Quality Factor), USFR (Floating Rate Treasury), BIL (Short T-Bill).

5. Top 7 ETFs to Research Now

1. XLV (Health Care Select Sector SPDR Fund): Outperforms QQQ and SMH during tech leadership breakdowns due to steady, inelastic earnings growth.

2. XLP (Consumer Staples Select Sector SPDR Fund): Provides immediate downside protection against Mag Seven momentum loss through stable cash flow generation.

3. QUAL (iShares MSCI USA Quality Factor ETF): Reallocates away from high-beta tech into strong balance-sheet equities, mitigating single-stock risk in the Mag Seven.

4. SPY (SPDR S&P 500 ETF Trust): Offers safer broad-market exposure than QQQ due to its diversified blend of value, defensive, and financial sectors.

5. USFR (WisdomTree Floating Rate Treasury Fund): Protects principal while providing high risk-free yield as tech volatility and market corrections unfold.

6. SPLV (Invesco S&P 500 Low Volatility ETF): Reduces portfolio beta by stripping out volatile Mag Seven and semiconductor swings in favor of steady dividend payers.

7. BIL (SPDR Bloomberg 1-3 Month T-Bill ETF): Serves as an ideal capital preservation holding to sit in cash-equivalent yield while waiting for QQQ and SMH to complete their bottoming process.

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Stats for 2026-08-21 (3rd week of the Month)

List creation date: 2026-08-21

Median MarketCap: 7297

53.1% stocks on Nasdaq; 46.9% stocks on NYSE/Amex

Sector
Financials	22%
Health Care	20%
Information Technology	18%
Energy	18%
Communication Services	6%
Consumer Discretionary	6%
Industrials	4%
Consumer Staples	2%
Materials	2%

Industry
Oil, Gas & Consumable	16%
Biotechnology	10%
Financial Services	8%
Capital Markets	8%
Software	6%
Hotels, Restaurants &	4%
Pharmaceuticals	4%
Life Sciences Tools &	4%
Banks	4%
Technology Hardware,	4%
Entertainment	4%
Energy Equipment & Se	2%
Electronic Equipment,	2%
Semiconductors & Semi	2%
Media	2%
Metals & Mining	2%
Machinery	2%
Commercial Services &	2%
Consumer Staples Dist	2%
Health Care Equipment	2%
Consumer Finance	2%
Communications Equipm	2%
IT Services	2%
Textiles, Apparel & L	2%

Country
United States	84%
Canada	2%
Cyprus	2%
Greece	2%
Ireland	2%
Luxembourg	2%
Netherlands	2%
Spain	2%
United Kingdom	2%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.96	RELY	Financial Services	Financials	5646	US	Remitly Global,
3.96	PAYS	Financial Services	Financials	796	US	Paysign,
3.92	PAY	Financial Services	Financials	5038	US	Paymentus Holdings,
3.80	CPAY	Financial Services	Financials	27389	US	Corpay,
3.96	VCTR	Capital Markets	Financials	7112	US	Victory Capital Holdings,
3.96	AAMI	Capital Markets	Financials	3276	US	Acadian Asset Management
3.88	STT	Capital Markets	Financials	51405	US	State Street
3.88	WT	Capital Markets	Financials	3472	US	WisdomTree,
3.88	BBVA	Banks	Financials	160136	Spain	Banco Bilbao Vizcaya Argentari
3.84	KRNY	Banks	Financials	612	US	Kearny Financial.
3.80	ECPG	Consumer Finance	Financials	2147	US	Encore Capital Group,
3.96	HALO	Biotechnology	Health Care	12277	US	Halozyme Therapeutics,
3.96	CDNA	Biotechnology	Health Care	2515	US	CareDx,
3.92	PTGX	Biotechnology	Health Care	9986	US	Protagonist Therapeutics,
3.88	ARGX	Biotechnology	Health Care	65876	Netherlands	argenx SE
3.88	KNSA	Biotechnology	Health Care	6166	United Kingdom	Kiniksa Pharmaceuticals Intern
3.96	ETON	Pharmaceuticals	Health Care	1814	US	Eton Pharmaceuticals,
3.92	JAZZ	Pharmaceuticals	Health Care	16507	Ireland	Jazz Pharmaceuticals plc
3.96	BLFS	Life Sciences Tools &	Health Care	1814	US	BioLife Solutions,
3.84	MEDP	Life Sciences Tools &	Health Care	17326	US	Medpace Holdings,
3.92	DXCM	Health Care Equipment	Health Care	34846	US	DexCom,
3.96	DINO	Oil, Gas & Consumable	Energy	17302	US	HF Sinclair
3.96	SUN	Oil, Gas & Consumable	Energy	10384	US	Sunoco LP
3.96	PBF	Oil, Gas & Consumable	Energy	8716	US	PBF Energy
3.96	ECO	Oil, Gas & Consumable	Energy	2534	Greece	Okeanis Eco Tankers.
3.88	LPG	Oil, Gas & Consumable	Energy	2188	US	Dorian LPG Ltd.
3.84	MPC	Oil, Gas & Consumable	Energy	101299	US	Marathon Petroleum
3.84	FRO	Oil, Gas & Consumable	Energy	9722	Cyprus	Frontline plc
3.80	INSW	Oil, Gas & Consumable	Energy	4929	US	International Seaways,
3.96	NESR	Energy Equipment & Se	Energy	3331	US	National Energy Services Reuni
3.88	OOMA	Software	Information Technology	605	US	Ooma,
3.84	QLYS	Software	Information Technology	6296	US	Qualys,
3.80	ZETA	Software	Information Technology	7297	US	Zeta Global Holdings.
3.92	NTAP	Technology Hardware,	Information Technology	37730	US	NetApp,
3.80	DELL	Technology Hardware,	Information Technology	285647	US	Dell Technologies
3.92	TWLO	IT Services	Information Technology	34601	US	Twilio
3.96	ANET	Communications Equipm	Information Technology	237930	US	Arista Networks,
3.96	ZBRA	Electronic Equipment,	Information Technology	17435	US	Zebra Technologies
3.92	NVDA	Semiconductors & Semi	Information Technology	5201309	US	NVIDIA
3.96	ABNB	Hotels, Restaurants &	Consumer Discretionary	110429	US	Airbnb,
3.88	EXPE	Hotels, Restaurants &	Consumer Discretionary	38611	US	Expedia Group,
3.92	JRSH	Textiles, Apparel & L	Consumer Discretionary	70	US	Jerash Holdings (US),
3.96	ROKU	Entertainment	Communication Services	23375	US	Roku,
3.92	IMAX	Entertainment	Communication Services	2892	Canada	IMAX
3.80	MGNI	Media	Communication Services	3371	US	Magnite,
3.80	WAB	Machinery	Industrials	50263	US	Westinghouse Air Brake Technol
3.92	CXW	Commercial Services &	Industrials	3363	US	CoreCivic,
3.96	NEXA	Metals & Mining	Materials	2040	Luxembourg	Nexa Resources S.A.
3.88	CHEF	Consumer Staples Dist	Consumer Staples	4513	US	The Chefs' Warehouse,

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0GPA38TB (* means Wkly fast and slow Fract individually, stronger then SPY).

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
5%	ANET	Arista Networks Inc	ANET		Information Technology	3	$566.0	5.3%	$188.65
5%	BAC	BANK OF AMERICA CORP	BAC		Financials	8	$493.5	4.6%	$61.69
5%	BBVA	BANCO BILBAO VIZ ARG ADR	BBVA		Financials	19	$551.8	5.2%	$29.04
5%	CM	CANADIAN IMPRL BK COMM	CM		Financials	4	$466.0	4.4%	$116.49
5%	*HWM	Howmet Aerospace Inc	HWM		Industrials	2	$543.4	5.1%	$271.68
5%	MPC	Marathon Petroleum	MPC		Energy	2	$721.4	6.7%	$360.72
5%	MS	MORGAN STANLEY	MS		Financials	3	$642.6	6.0%	$214.2
5%	MU	MICRON TECHNOLOGY INC	MU		Information Technology	1	$966.8	9.0%	$966.78
5%	STX	SEAGATE TECHNOLOGY	STX		Information Technology	1	$850.0	7.9%	$850
0%	NEM	NEWMONT MINING CORP	NEM	added	Materials	0	$0.0	0.0%	$131.58
0%	SCCO	SOUTHERN COPPER CORP	SCCO	added	Materials	0	$0.0	0.0%	$216
0%	LLY	LILLY ELI & CO	LLY	added	Health Care	0	$0.0	0.0%	$1255.4
5%	JPM	J P MORGAN CHASE & CO		removed	Financials	1	$351.6	3.3%	$351.58
5%	RY	ROYAL BANK OF CANADA		removed	Financials	3	$615.7	5.8%	$205.23
5%	PNC	P N C FINANCIAL SVCS GRP		removed	Financials	2	$486.3	4.5%	$243.13
5%	PANW	Palo Alto Networks		removed	Information Technology	1	$357.9	3.3%	$357.87
5%	DELL	Dell Technologies Inc		removed	Information Technology	1	$442.1	4.1%	$442.08
5%	APH	AMPHENOL CORP CL A		removed	Information Technology	3	$471.0	4.4%	$157.01
5%	CRWD	Crowdstrike Holdings Inc		removed	Information Technology	3	$575.9	5.4%	$191.95
5%	BMO	BANK OF MONTREAL QUEBEC		removed	Financials	3	$523.3	4.9%	$174.43
5%	NVDA	NVIDIA CORP		removed	Information Technology	2	$429.4	4.0%	$214.72
5%	ASML	A S M L Holding N.V. NY		removed	Information Technology	0	$0.0	0.0%	$1763.76
5%	PWR	QUANTA SERVICES INC		removed	Industrials	1	$639.3	6.0%	$639.34

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These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style</>	% Alloc	Shares	Symbol	Name		Date
growth	5.25	3	VFH	Financials	Mid and Early Cycle	2026-08-21
growth	5.25	3	UPRO	SP500		2026-08-21
growth	5.00	14	SCHD	US Dividend Equity*		2026-08-21
growth	5.00	1	VHT	Health*	Late Cycle to Recession	2026-08-21
growth	4.50	2	XLV	Health Care Select*	Late Cycle to Recession	2026-08-21
cyclical	5.25	7	XPH	Pharmaceuticals	Late Cycle to Recession	2026-08-21
cyclical	5.25	9	XLF	Financial Select	Mid and Early Cycle	2026-08-21
cyclical	5.25	2	XSW	Software & Services		2026-08-21
cyclical	5.25	5	RING	Gold Miners*	Inflation	2026-08-21
cyclical	5.25	12	SLVP	Global Silver and Metals Miners*	Inflation	2026-08-21
cyclical	5.25	8	XLE	Energy Select Sector *	Late Cycle and Inflation	2026-08-21
cyclical	5.25	2	VDE	Energy*	Late Cycle and Inflation	2026-08-21
cyclical	5.25	5	XHE	Health Care Equipment*	Late Cycle to Recession	2026-08-21
cyclical	5.00	6	COWZ	Pacer US Cash Cows 100 ETF*		2026-08-21
cyclical	5.00	15	DBC	Commodity*	Late Cycle and Inflation	2026-08-21
cyclical	5.00	3	XHS	Health Care Services+	Late Cycle to Recession	2026-08-21

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These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style</>	% Alloc	Shares	Symbol	Name		Date
growth	5.25	14	SCHD	US Dividend Equity*		2026-08-21
growth	5.25	3	VFH	Financials	Mid and Early Cycle	2026-08-21
growth	5.25	1	VHT	Health*	Late Cycle to Recession	2026-08-21
growth	5.25	3	XLV	Health Care Select*	Late Cycle to Recession	2026-08-21
cyclical	5.25	2	XSW	Software & Services		2026-08-21
cyclical	5.25	3	XHS	Health Care Services+	Late Cycle to Recession	2026-08-21
cyclical	5.25	7	COWZ	Pacer US Cash Cows 100 ETF*		2026-08-21
cyclical	5.25	5	XHE	Health Care Equipment*	Late Cycle to Recession	2026-08-21
cyclical	5.25	9	XLF	Financial Select	Mid and Early Cycle	2026-08-21
cyclical	5.25	7	XPH	Pharmaceuticals	Late Cycle to Recession	2026-08-21

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These selected stocks are ideas in the current market environment. Weekly and Monthly Fract better than SPY. * means Wkly fast and slow Fract individually, stronger then SPY.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA	Ver

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These stocks are from S&P500 which have a stong Oscillator. Spy Osc=3

Symbol	Bound	Osc	Max Fract	Percent tile	Draw Down	Draw Down 7yr	cagr 7Yr	Name	cagr By dd	score
WAB	0.49	8	1.0	88	-44	-24	23.27	Westinghouse Air Brake Technol	96	3.9
SPY	1.00	3	1.0	96	-33	-19	14.74	SNP500	77	3.0
FAST	0.45	5	1.0	70	-33	-23	18.76	Fastenal Company	81	2.3
AME	0.54	4	1.0	69	-34	-21	15.70	AMETEK Inc.	74	2.2
RTX	0.53	4	1.0	51	-21	-22	16.76	RTX Corporation	76	2.1
JPM*	0.66	3	1.1	94	-34	-34	18.43	JPMorgan Chase & Co.	54	2.0
IBKR	0.50	1	1.0	96	-58	-29	34.66	Interactive Brokers Group Inc	119	0.5
GS	0.46	1	1.2	99	-49	-29	26.48	The Goldman Sachs Group Inc.	91	0.5
FTNT	0.43	30	0.9	56	-36	-32	37.65	Fortinet Inc.	117	12.9
PANW	0.26	39	0.8	73	-36	-27	39.99	Palo Alto Networks Inc.	148	10.1
AMD*	0.27	22	0.9	87	-77	-55	47.14	Advanced Micro Devices Inc.	85	5.9
V*	0.80	4	1.0	33	-27	-21	10.80	Visa Inc.	51	3.2
GWW	0.65	4	0.8	66	-28	-21	25.02	W.W. Grainger Inc.	119	2.6
LLY*	0.39	6	1.2	76	-35	-21	41.33	Eli Lilly and Company	196	2.3
MU*	0.16	10	1.0	99	-61	-44	55.40	Micron Technology Inc.	125	1.6
CASY	0.36	4	1.9	99	-21	-17	25.34	Casey's General Stores Inc.	149	1.4
ANET	0.18	7	0.9	78	-37	-30	44.76	Arista Networks Inc.	149	1.3
MSI	0.39	3	1.2	36	-21	-25	15.13	Motorola Solutions Inc.	60	1.2
AAPL*	0.28	4	1.1	43	-36	-23	28.61	Apple Inc.	124	1.1
MSFT*	0.37	3	1.2	32	-30	-29	19.51	Microsoft Corporation	67	1.1
AMZN*	0.30	3	0.7	29	-39	-47	16.06	Amazon.com Inc.	34	0.9
PWR	0.19	-6	1.1	98	-47	-22	52.44	Quanta Services Inc.	238	-1.1
JBL	0.19	-6	1.0	98	-47	-30	41.51	Jabil Inc.	138	-1.1
KLAC	0.13	-9	1.3	98	-38	-29	44.20	KLA Corporation	152	-1.2
APH	0.29	-5	1.1	95	-34	-23	32.38	Amphenol Corporation	140	-1.5
GOOGL*	0.42	-5	1.0	97	-30	-34	28.51	Alphabet Inc.	83	-2.1
GOOG*	0.41	-6	1.0	98	-34	-34	28.35	Alphabet Inc.	83	-2.5
EME	0.21	-13	1.1	88	-36	-30	37.61	EMCOR Group Inc.	125	-2.7
HWM	0.35	-8	1.7	79	-15	-15	60.53	Howmet Aerospace Inc.	403	-2.8
HUBB	0.42	-7	0.9	65	-23	-20	20.34	Hubbell Incorporated	101	-2.9
NVDA*	0.34	-10	1.0	60	-58	-52	74.95	NVIDIA Corporation	144	-3.4
TSLA*	0.18	-19	0.5	46	-53	-58	58.06	Tesla Inc.	100	-3.4
AVGO*	0.25	-17	1.2	85	-24	-26	43.96	Broadcom Inc.	169	-4.3
GEV	0.29	-15	1.2	82	-25	-25	124.24	GE Vernova Inc.	496	-4.4
FIX	0.22	-21	1.3	97	-37	-31	71.37	Comfort Systems USA Inc.	230	-4.6
ORLY	0.60	-12	1.0	19	-21	-18	19.50	O'Reilly Automotive Inc.	108	-7.2
META*	0.27	-27	0.8	12	-31	-31	101.52	Meta Platforms Inc.	327	-7.3
COST	0.77	-10	1.2	36	-26	-20	19.29	Costco Wholesale Corporation	96	-7.7
WMT*	0.43	-18	1.1	90	-24	-17	15.71	Walmart Inc.	92	-7.7
EXE	0.46	-34	0.3	65	-60	-28	43.01	Expand Energy Corporation	153	-15.6



Stats for 2026-08-14 (2nd week of the Month)

Market Analysis & Tactical Outlook: Mid-August 2026

1. Market Trend Analysis

Multi-Week Trend & Exchange Distribution Shifts

The market is navigating a pivotal transition characterized by high-level index consolidation and sharp internal factor rebalancing.

Over the past four weeks, market participation has shifted from high-multiple, mega-cap tech dominance toward broader market breadth, value, and cyclical sub-sectors.

• Exchange Split: Equity listings remain evenly split across exchanges, with 48.4% Nasdaq and 51.6% NYSE/Amex.

• Median Market Cap Trend: The median market cap currently stands at $10,806M ($10.8B). Comparing this to prior weeks shows a rising median market cap trend across equal-weighted components, pointing toward an expanding risk-on environment for the broader 493 stocks in the S&P 500, even as market-cap-weighted indices move sideways.

• Sector Concentration: Institutional capital remains heavily concentrated in Financials (35%), Information Technology (19%), Health Care (13%), and Energy (11%). Industrials and Communication Services represent 6% each.

• Industry Leadership: Concentration within these sectors favors Banks (19%), Oil, Gas & Consumable Energy (10%), Capital Markets (8%), and Software (8%).

  SECTOR BREADTH & CAPITAL CONCENTRATION
  --------------------------------------------------
  Financials             [███████████████] 35%
  Information Tech       [████████] 19%
  Health Care            [█████] 13%
  Energy                 [████] 11%
  Industrials            [██] 6%
  Communication Svcs     [██] 6%
  Consumer Discretionary [██] 5%
  --------------------------------------------------

Oscillator Interpretation & Momentum Direction

While the base benchmark (SPY) holds a steady, low-positive oscillator score of +4, momentum under the surface shows clear multi-week divergence:

• Strengthening Momentum (Rising Oscillators): Non-tech and sub-sector industry ETFs are surging. Pharmaceuticals (XPH: Osc +21), Biotech (XBI: Osc +20), Health Care Services (XHS: Osc +17), Small-Caps (IJR: Osc +11), Energy (XLE: Osc +11), and Banking (KBE: Osc +10) demonstrate powerful momentum acceleration.

• Selective Tech Rebound: Specialized cybersecurity and semiconductor components display elevated single-stock momentum, led by Palo Alto Networks (PANW: Osc +44), Fortinet (FTNT: Osc +34), and Advanced Micro Devices (AMD: Osc +32).

• Weakening Momentum (Falling Oscillators): High-beta mega-caps are experiencing multi-week momentum decay, pulling the tech-heavy Nasdaq-100 (QQQ) down to a negative oscillator reading of -12.

Gross Profitability Asset (GPA) Insights

Fundamental asset quality among market leaders remains elevated, verifying that current capital flows are anchoring into strong corporate balance sheets rather than low-quality speculative names:

• Financial stalwarts exhibit high GPA profiles: Bank of Montreal (BMO: 3.96 GPA), Bank of America (BAC: 3.92 GPA), JPMorgan Chase (JPM: 3.80 GPA), and Victory Capital (VCTR: 3.96 GPA).

• Elite operational quality is also maintained in tech and healthcare anchors: Arista Networks (ANET: 3.96 GPA) and Eli Lilly (LLY: 3.92 GPA).

The high, stable GPA trend across these sector pillars confirms that leadership quality is expanding into strong fundamental businesses, preventing systemic market pullbacks.

Mega-Cap Leadership Check (Critical Signal)

Evaluating the primary market movers reveals a clear transition from positive to negative momentum across key mega-caps:

  MEGA-CAP MOMENTUM OSCILLATOR BREAKDOWN
  --------------------------------------------------
  Tesla (TSLA)        [░░░░░░░░░░]  Osc: -23 (Exhaustion)
  Meta (META)         [░░░░░░░░░░]  Osc: -22 (Exhaustion)
  Broadcom (AVGO)     [░░░░░░░░░░]  Osc: -13 (Correction)
  Nvidia (NVDA)       [░░░░░░░░░░]  Osc: -7  (Pullback)
  Alphabet (GOOGL)    [░░░░░░░░░░]  Osc: -6  (Pullback)
  --------------------------------------------------
  Microsoft (MSFT)    [██████████]  Osc: +2  (Consolidating)
  Amazon (AMZN)       [██████████]  Osc: +3  (Consolidating)
  Apple (AAPL)        [██████████]  Osc: +5  (Consolidating)
  --------------------------------------------------

• Interpretation: Majority Negative Oscillator / Leadership Breakdown. The top mega-caps are currently not leading the market.

• Insight Integration: The non-participation of mega-caps highlights a rotational, equal-weight driven market. While this momentum exhaustion caps immediate upside momentum for market-cap-weighted indices like QQQ and SPY, it is not causing a systemic market selloff. Instead, capital is rotating internally into mid-caps, banks, energy, and healthcare. This indicates a healthy market broadening that establishes a higher market floor while mega-caps undergo necessary price and time digestion.

Advanced Market Insights

• Market Phase: Mid-Trend Rotation (The structural bull market remains intact, supported by broadening internals rather than single-sector tech concentration).

• Risk Level: Medium (Broadening participation reduces systemic downside, but mega-cap fatigue creates near-term benchmark cap volatility).

   Market Regime Matrix
   ┌───────────────────────┬───────────────────────┐
   │ Market Phase          │ Mid-Trend Rotation    │
   ├───────────────────────┼───────────────────────┤
   │ Risk Appetite         │ Moderate / Selective  │
   ├───────────────────────┼───────────────────────┤
   │ Market Breadth        │ Expanding / Broad     │
   ├───────────────────────┼───────────────────────┤
   │ Mega-Cap Participation│ Weakening / Digesting │
   ├───────────────────────┼───────────────────────┤
   │ Style Preference      │ Value & Small/Mid Cap │
   └───────────────────────┴───────────────────────┘

2. Economic Outlook

The market data points toward a mid-to-late cycle economic expansion characterized by persistent real-economy growth alongside heightened demand for defensive cash flow. Heavy capital concentration in Financials (35%) and Energy (11%), paired with strength in banking (KBE: Osc +10), suggests active corporate credit demand, resilient capital markets, and sustained commodity consumption. Simultaneously, the rapid acceleration in healthcare services (XHS: Osc +17) and pharmaceuticals (XPH: Osc +21) signals that institutional investors are hedging against potential interest rate stickiness and late-cycle cost pressures. Market sentiment is cautiously constructive with a value tilt—liquidity remains plentiful, but risk appetite has transitioned from speculative, high-multiple growth to tangible balance-sheet strength, defensive income, and cyclical value.

3. Investment Ideas

Capital allocation should actively pivot away from top-heavy growth indices (QQQ) in favor of equal-weighted benchmarks (RSP), Small/Mid-Cap Value, Financials, and Healthcare. With mega-cap tech digesting prior gains, portfolios should favor Large/Mid-Cap Value over Mega-Cap Growth to capture broadening breadth. Investors should increase allocations to Small-Caps (IJR) and Free-Cash-Flow leaders (COWZ) while maintaining core exposure to high-yield financials (KBE, XLF) and defensive healthcare (XPH, XBI). Technology exposure should not be completely cut, but narrowed to high-momentum hardware and security names like Palo Alto Networks (PANW) and Advanced Micro Devices (AMD) that are bucking the broader mega-cap slowdown.

4. ETF Analysis

• Broad Market & Equal-Weight Value: IJR (Small-Cap Core), MDY (Mid-Cap), RSP (S&P 500 Equal Weight), VTV (Large-Cap Value), COWZ (Pacer US Cash Cows 100)

• Financials & Banking: XLF (Financial Select), KBE (S&P Bank), KIE (S&P Insurance), VFH (Vanguard Financials)

• Healthcare & Biotech: XPH (Pharmaceuticals), XBI (Biotech), XHS (Health Care Services), VHT (Vanguard Health Care)

• Energy & Commodities: XLE (Energy Select), VDE (Vanguard Energy), DBC (Invesco Commodity)

• Targeted Tech & Semiconductors: SMH (VanEck Semiconductor), IGV (Expanded Tech-Software)

5. Top 7 ETFs to Research In Now

1. XPH — SPDR S&P Pharmaceuticals ETF

   • Theme: Healthcare / Defensive Value

   • Reasoning: Leads sector momentum with an impressive +21 oscillator score, capturing institutional capital rotating into defensive healthcare growth.

2. XBI — SPDR S&P Biotech ETF

   • Theme: Healthcare / High-Beta Rebound

   • Reasoning: Accelerating +20 oscillator reading signals an aggressive, mid-cycle expansion into under-owned biopharma equities.

3. XHS — SPDR S&P Health Care Services ETF

   • Theme: Healthcare / Cash Flow Stability

   • Reasoning: Backed by a +17 oscillator, reflecting strong institutional accumulation in cash-flow-stable healthcare providers.

4. IJR — iShares Core S&P Small-Cap ETF

   • Theme: Broad Market / Small-Cap Value

   • Reasoning: Surging +11 oscillator confirms a critical breadth shift into small-cap domestic cyclicals.

5. XLE — Energy Select Sector SPDR Fund

   • Theme: Energy / Inflation Hedge

   • Reasoning: Supported by an 11% industry weight and a +11 oscillator score, providing inflation protection and strong shareholder yields.

6. KBE — SPDR S&P Bank ETF

   • Theme: Financials / Regional & Money-Center Banking

   • Reasoning: Anchored by 19% banking concentration and a +10 momentum oscillator, placing it at the center of financial expansion.

7. COWZ — Pacer US Cash Cows 100 ETF

   • Theme: Multi-Sector / Free Cash Flow Yield

   • Reasoning: Positive +8 oscillator aligns with market demand for high free-cash-flow yields over expensive growth multiples.

   • -----------------------------------------------------------------------------------------------------------

   • SMH (Semiconductors): Reflects short-term volatility and selective growth re-pricing. With mega-caps like Nvidia (NVDA: Osc -7) and Broadcom (AVGO: Osc -13) under momentum pressure, SMH shows consolidation as investors reduce exposure to high-multiple tech. However, idiosyncratic strength in selected components like AMD (Osc +32) suggests SMH is forming a technical base rather than breaking down. This indicates a shift from broad sector buying to selective, single-stock positioning.

   • QQQ (Invesco QQQ Trust): Holds a Cautious / Underperform stance short-term. With mega-caps like Tesla (-23), Meta (-22), Broadcom (-13), Nvidia (-7), and Alphabet (-6) experiencing momentum contraction, QQQ faces significant multi-week drag. Until mega-cap technology completes its base-building process, QQQ is likely to undergo price consolidation or underperform equal-weighted and value-focused benchmarks.

   • SPY (SPDR S&P 500 ETF Trust): Holds a Cautiously Bullish / Neutral-Positive stance. Because SPY is broader and captures non-tech sectors, its heavier weightings in Financials (35%), Health Care (13%), and Energy (11%) allow it to absorb mega-cap weakness. It is benefiting from strong equal-weight performance and expanding market breadth, enabling it to grind higher or consolidate constructively near key resistance levels.

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Stats for 2026-08-14 (2nd week of the Month)

List creation date: 2026-08-14

Median MarketCap: 10806

48.4% stocks on Nasdaq; 51.6% stocks on NYSE/Amex

Sector
Financials	35%
Information Technology	19%
Health Care	13%
Energy	11%
Industrials	6%
Communication Services	6%
Consumer Discretionary	5%
Consumer Staples	2%
Real Estate	2%

Industry
Banks	19%
Oil, Gas & Consumable	10%
Capital Markets	8%
Software	8%
Biotechnology	6%
Aerospace & Defense	5%
Financial Services	5%
Entertainment	5%
Consumer Finance	3%
Communications Equipm	3%
Technology Hardware,	3%
Pharmaceuticals	3%
Hotels, Restaurants &	3%
Broadline Retail	2%
Consumer Staples Dist	2%
Health Care Equipment	2%
Life Sciences Tools &	2%
Commercial Services &	2%
Electronic Equipment,	2%
Semiconductors & Semi	2%
Media	2%
IT Services	2%
Real Estate Managemen	2%
Energy Equipment & Se	2%

Country
United States	89%
Canada	6%
Greece	2%
Spain	2%
United Kingdom	2%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.96	BMO	Banks	Financials	128933	Canada	Bank of Montreal
3.92	BAC	Banks	Financials	448165	US	Bank of America
3.92	CM	Banks	Financials	111617	Canada	Canadian Imperial Bank of Comm
3.92	AUB	Banks	Financials	6093	US	Atlantic Union Bankshares
3.88	UMBF	Banks	Financials	11459	US	UMB Financial
3.88	BY	Banks	Financials	1774	US	Byline Bancorp,
3.84	RY	Banks	Financials	298520	Canada	Royal Bank of Canada
3.84	BBVA	Banks	Financials	158949	Spain	Banco Bilbao Vizcaya Argentari
3.84	KRNY	Banks	Financials	604	US	Kearny Financial.
3.80	JPM	Banks	Financials	965214	US	JPMorgan Chase &
3.80	PNC	Banks	Financials	101810	US	The PNC Financial Services Gro
3.80	NBTB	Banks	Financials	2784	US	NBT Bancorp
3.96	VCTR	Capital Markets	Financials	7269	US	Victory Capital Holdings,
3.96	AAMI	Capital Markets	Financials	3306	US	Acadian Asset Management
3.92	STT	Capital Markets	Financials	52152	US	State Street
3.92	NTRS	Capital Markets	Financials	34849	US	Northern Trust
3.84	WT	Capital Markets	Financials	3352	US	WisdomTree,
3.96	RELY	Financial Services	Financials	5423	US	Remitly Global,
3.96	PAYS	Financial Services	Financials	735	US	Paysign,
3.92	PAY	Financial Services	Financials	5313	US	Paymentus Holdings,
3.96	ENVA	Consumer Finance	Financials	6521	US	Enova International,
3.84	ECPG	Consumer Finance	Financials	2148	US	Encore Capital Group,
3.96	FTNT	Software	Information Technology	121386	US	Fortinet,
3.92	CRWD	Software	Information Technology	229648	US	CrowdStrike Holdings,
3.88	PANW	Software	Information Technology	322740	US	Palo Alto Networks,
3.84	QLYS	Software	Information Technology	6777	US	Qualys,
3.80	ZETA	Software	Information Technology	7435	US	Zeta Global Holdings.
3.96	ANET	Communications Equipm	Information Technology	256811	US	Arista Networks,
3.96	DGII	Communications Equipm	Information Technology	3231	US	Digi International
3.92	DELL	Technology Hardware,	Information Technology	319524	US	Dell Technologies
3.92	NTAP	Technology Hardware,	Information Technology	40226	US	NetApp,
3.96	TWLO	IT Services	Information Technology	38305	US	Twilio
3.96	ZBRA	Electronic Equipment,	Information Technology	17961	US	Zebra Technologies
3.92	NVDA	Semiconductors & Semi	Information Technology	5456884	US	NVIDIA
3.96	HALO	Biotechnology	Health Care	11426	US	Halozyme Therapeutics,
3.96	CDNA	Biotechnology	Health Care	2451	US	CareDx,
3.92	PTGX	Biotechnology	Health Care	9798	US	Protagonist Therapeutics,
3.84	KNSA	Biotechnology	Health Care	6073	United Kingdom	Kiniksa Pharmaceuticals Intern
3.96	ETON	Pharmaceuticals	Health Care	1166	US	Eton Pharmaceuticals,
3.92	LLY	Pharmaceuticals	Health Care	1077651	US	Eli Lilly and Company
3.88	DXCM	Health Care Equipment	Health Care	34521	US	DexCom,
3.92	BLFS	Life Sciences Tools &	Health Care	1723	US	BioLife Solutions,
3.96	SUN	Oil, Gas & Consumable	Energy	10187	US	Sunoco LP
3.96	PBF	Oil, Gas & Consumable	Energy	8814	US	PBF Energy
3.96	PARR	Oil, Gas & Consumable	Energy	4115	US	Par Pacific Holdings,
3.88	DINO	Oil, Gas & Consumable	Energy	16333	US	HF Sinclair
3.88	ECO	Oil, Gas & Consumable	Energy	2333	Greece	Okeanis Eco Tankers.
3.84	MPC	Oil, Gas & Consumable	Energy	100078	US	Marathon Petroleum
3.96	NESR	Energy Equipment & Se	Energy	3621	US	National Energy Services Reuni
3.88	HWM	Aerospace & Defense	Industrials	112789	US	Howmet Aerospace
3.88	ATI	Aerospace & Defense	Industrials	30941	US	ATI
3.84	HEI	Aerospace & Defense	Industrials	43549	US	HEICO
3.84	CXW	Commercial Services &	Industrials	3125	US	CoreCivic,
3.96	ROKU	Entertainment	Communication Services	22868	US	Roku,
3.92	IMAX	Entertainment	Communication Services	2921	Canada	IMAX
3.88	CNK	Entertainment	Communication Services	4320	US	Cinemark Holdings,
3.80	MGNI	Media	Communication Services	3525	US	Magnite,
3.96	ABNB	Hotels, Restaurants &	Consumer Discretionary	109150	US	Airbnb,
3.92	EXPE	Hotels, Restaurants &	Consumer Discretionary	39404	US	Expedia Group,
3.84	AMZN	Broadline Retail	Consumer Discretionary	2859775	US	Amazon.com,
3.88	CHEF	Consumer Staples Dist	Consumer Staples	4571	US	The Chefs' Warehouse,
3.88	COMP	Real Estate Managemen	Real Estate	10113	US	Compass,

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0GPA38TB (* means Wkly fast and slow Fract individually, stronger then SPY).

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
5%	AMAT	APPLIED MATERIALS INC	AMAT		Information Technology	1	$507.2	4.2%	$507.18
5%	AMD	ADVANCED MICRO DEVICES	AMD		Information Technology	1	$514.4	4.3%	$514.39
7%	ANET	Arista Networks Inc	ANET		Information Technology	4	$795.3	6.6%	$198.82
6%	APH	AMPHENOL CORP CL A	APH		Information Technology	4	$668.4	5.5%	$167.11
4%	ARM	ArvinMeritor, Inc.	ARM		Information Technology	2	$558.9	4.6%	$279.44
5%	ASML	A S M L Holding N.V. NY	ASML		Information Technology	0	$0.0	0.0%	$1844.08
6%	BMO	BANK OF MONTREAL QUEBEC	BMO		Financials	4	$743.2	6.2%	$185.81
5%	GOOG	Alphabet Inc Cl C	GOOG		Communication Services	2	$687.1	5.7%	$343.54
5%	GOOGL	Alphabet Inc Cl A	GOOGL		Communication Services	2	$691.8	5.7%	$345.9
4%	*KLAC	K L A TENCOR CORP	KLAC		Information Technology	2	$407.4	3.4%	$203.72
5%	LRCX	LAM RESEARCH CORP	LRCX		Information Technology	2	$664.7	5.5%	$332.36
5%	MS	MORGAN STANLEY	MS		Financials	3	$652.1	5.4%	$217.36
5%	MU	MICRON TECHNOLOGY INC	MU		Information Technology	1	$971.7	8.1%	$971.66
5%	SCCO	SOUTHERN COPPER CORP	SCCO		Materials	3	$553.8	4.6%	$184.61
6%	STX	SEAGATE TECHNOLOGY	STX		Information Technology	1	$973.4	8.1%	$973.44
5%	TSM	TAIWAN SEMICONDUCTOR ADR	TSM		Information Technology	1	$426.4	3.5%	$426.35
5%	WDC	WESTERN DIGITAL CORP	WDC		Information Technology	1	$508.8	4.2%	$508.8
0%	ADI	ANALOG DEVICES	ADI	added	Information Technology	0	$0.0	0.0%	$389.39
0%	RY	ROYAL BANK OF CANADA	RY	added	Financials	0	$0.0	0.0%	$216.56
0%	*GS	GOLDMAN SACHS GROUP INC	GS	added	Financials	0	$0.0	0.0%	$1039.42
0%	*HWM	Howmet Aerospace Inc	HWM	added	Industrials	0	$0.0	0.0%	$289.18
0%	DELL	Dell Technologies Inc	DELL	added	Information Technology	0	$0.0	0.0%	$490.81
0%	GLW	CORNING INC	GLW	added	Information Technology	0	$0.0	0.0%	$165.99
6%	LLY	LILLY ELI & CO		removed	Health Care	1	$1,180.2	9.8%	$1180.16
5%	CSCO	CISCO SYSTEMS INC		removed	Information Technology	5	$558.4	4.6%	$111.68

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These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style</>	% Alloc	Shares	Symbol	Name		Date
growth	5.25	3	UPRO	SP500		2026-08-14
growth	5.00	3	VFH	Financials*	Mid and Early Cycle	2026-08-14
growth	4.50	0	SMH	Semiconductors+	Early to Mid Cycle	2026-08-14
growth	4.50	1	VHT	Health*	Late Cycle to Recession	2026-08-14
growth	4.50	2	XLK	Technology Select Sector+	Early to Mid Cycle	2026-08-14
growth	4.50	2	XLV	Health Care Select*	Late Cycle to Recession	2026-08-14
growth	5.00	7	KIE	Insurance*		2026-08-14
cyclical	5.00	16	DBC	Commodity*	Late Cycle and Inflation	2026-08-14
cyclical	5.00	8	XLF	Financial Select*	Mid and Early Cycle	2026-08-14
cyclical	5.25	2	XSW	Software & Services		2026-08-14
cyclical	5.25	7	XPH	Pharmaceuticals	Late Cycle to Recession	2026-08-14
cyclical	5.25	3	XHS	Health Care Services	Late Cycle to Recession	2026-08-14
cyclical	5.25	3	XBI	Biotech	Early to Mid Cycle	2026-08-14
cyclical	5.25	7	KBE	Bank		2026-08-14
cyclical	5.25	5	XHE	Health Care Equipment*	Late Cycle to Recession	2026-08-14
cyclical	5.25	6	TQQQ	Growth+		2026-08-14
cyclical	5.25	7	COWZ	Pacer US Cash Cows 100 ETF*		2026-08-14
cyclical	5.25	8	XLE	Energy Select Sector *	Late Cycle and Inflation	2026-08-14
cyclical	5.00	2	VDE	Energy*	Late Cycle and Inflation	2026-08-14

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These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style</>	% Alloc	Shares	Symbol	Name		Date
growth	5.25	2	VOE	Mid Cap Value*		2026-08-14
growth	5.25	15	SCHD	US Dividend Equity*		2026-08-14
growth	5.25	8	KIE	Insurance*		2026-08-14
growth	5.25	3	VFH	Financials*	Mid and Early Cycle	2026-08-14
cyclical	5.25	7	XPH	Pharmaceuticals	Late Cycle to Recession	2026-08-14
cyclical	5.25	9	XLF	Financial Select*	Mid and Early Cycle	2026-08-14
cyclical	5.25	5	XHE	Health Care Equipment*	Late Cycle to Recession	2026-08-14
cyclical	5.25	3	XHS	Health Care Services	Late Cycle to Recession	2026-08-14
cyclical	5.25	7	KBE	Bank		2026-08-14
cyclical	5.25	7	COWZ	Pacer US Cash Cows 100 ETF*		2026-08-14

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These selected stocks are ideas in the current market environment. Weekly and Monthly Fract better than SPY. * means Wkly fast and slow Fract individually, stronger then SPY.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA	Ver

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These stocks are from S&P500 which have a stong Oscillator. Spy Osc=4

Symbol	Bound	Osc	Max Fract	Percent tile	Draw Down	Draw Down 7yr	cagr 7Yr	Name	cagr By dd	score
FFIV	0.60	13	1.0	83	-43	-42	17.86	F5 Inc.	42	7.8
AME	0.65	8	1.0	70	-34	-21	17.31	AMETEK Inc.	82	5.2
WAB	0.48	9	1.0	88	-44	-24	24.57	Westinghouse Air Brake Technol	102	4.3
SPY	1.00	4	1.0	96	-33	-19	15.45	SNP500	81	4.0
JPM*	0.67	5	1.1	94	-34	-34	19.41	JPMorgan Chase & Co.	57	3.4
TRGP	0.59	3	1.1	89	-85	-61	35.12	Targa Resources Corp.	57	1.8
PH	0.50	3	1.0	95	-44	-24	31.07	Parker-Hannifin Corporation	129	1.5
CAH	0.73	2	1.0	96	-48	-21	27.72	Cardinal Health Inc.	132	1.5
LLY*	0.54	2	1.2	75	-35	-21	40.30	Eli Lilly and Company	191	1.1
IBKR	0.53	1	1.0	96	-58	-29	34.84	Interactive Brokers Group Inc	120	0.5
GS	0.51	1	1.2	99	-49	-29	26.95	The Goldman Sachs Group Inc.	92	0.5
FTNT	0.43	34	0.9	54	-36	-32	38.78	Fortinet Inc.	121	14.6
PANW	0.26	44	0.8	72	-36	-27	40.20	Palo Alto Networks Inc.	148	11.4
AMD*	0.30	32	0.9	87	-77	-55	49.90	Advanced Micro Devices Inc.	90	9.6
RTX	0.62	9	0.9	51	-21	-22	17.18	RTX Corporation	78	5.6
GWW	0.67	4	0.8	66	-28	-21	25.86	W.W. Grainger Inc.	123	2.7
CASY	0.37	6	1.9	99	-21	-17	26.40	Casey's General Stores Inc.	155	2.2
MU*	0.16	12	1.0	99	-61	-44	56.62	Micron Technology Inc.	128	1.9
ANET	0.18	10	0.9	80	-37	-30	46.52	Arista Networks Inc.	155	1.8
V*	0.84	2	1.0	33	-27	-21	11.17	Visa Inc.	53	1.7
AAPL*	0.30	5	1.1	43	-36	-23	29.28	Apple Inc.	127	1.5
FLEX	0.15	7	0.8	99	-59	-27	43.83	Flex Ltd.	162	1.1
AMZN*	0.30	3	0.7	29	-39	-47	16.88	Amazon.com Inc.	35	0.9
MSFT*	0.37	2	1.2	32	-30	-29	20.54	Microsoft Corporation	70	0.7
JBL	0.20	3	1.0	99	-47	-30	44.62	Jabil Inc.	148	0.6
KLAC	0.12	0	1.3	98	-37	-28	47.98	KLA Corporation	171	0.0
APH	0.30	-1	1.1	97	-34	-23	34.20	Amphenol Corporation	148	-0.3
CAT	0.34	-1	0.9	98	-46	-26	33.19	Caterpillar Inc.	127	-0.3
PWR	0.21	-2	1.1	98	-47	-22	54.65	Quanta Services Inc.	248	-0.4
HWM	0.36	-4	1.7	79	-15	-15	62.35	Howmet Aerospace Inc.	415	-1.4
HUBB	0.47	-3	0.9	67	-23	-20	22.58	Hubbell Incorporated	112	-1.4
GEV	0.30	-7	1.2	82	-25	-25	135.25	GE Vernova Inc.	541	-2.1
EME	0.22	-10	1.1	88	-36	-30	39.49	EMCOR Group Inc.	131	-2.2
NVDA*	0.35	-7	1.0	60	-58	-52	79.49	NVIDIA Corporation	152	-2.5
GOOGL*	0.43	-6	1.0	97	-30	-34	28.99	Alphabet Inc.	85	-2.6
GOOG*	0.43	-6	1.0	98	-34	-34	28.87	Alphabet Inc.	84	-2.6
FIX	0.24	-16	1.4	97	-37	-31	73.33	Comfort Systems USA Inc.	236	-3.8
TJX	0.54	-7	1.2	72	-22	-21	16.76	The TJX Companies Inc.	79	-3.8
TSLA*	0.17	-23	0.5	46	-53	-58	56.87	Tesla Inc.	98	-3.9
AVGO*	0.31	-13	1.2	87	-23	-26	46.48	Broadcom Inc.	178	-4.0
META*	0.31	-22	0.8	12	-30	-30	104.86	Meta Platforms Inc.	349	-6.8
COST	0.77	-9	1.2	36	-26	-20	20.00	Costco Wholesale Corporation	100	-6.9
ORLY	0.59	-12	1.0	19	-21	-18	20.54	O'Reilly Automotive Inc.	114	-7.1
WMT*	0.63	-12	1.1	90	-24	-17	18.37	Walmart Inc.	108	-7.6
EXE	0.50	-35	0.3	65	-60	-28	42.93	Expand Energy Corporation	153	-17.5