Risk-on premarket: semis leading, small caps + financials participating, defensives lagging. $SOXX +2.5%, $QQQ +1.0%, $IWM +0.8%, $IBIT +4.8%. Bullish watch: $MRVL $HPE $IBIT $GOOG $MSFT. Best live confirmation: $MRVL / $HPE / $IBIT. Weak/defensive watch: $XLP. Energy lagging: $XLE$CVX. Overall: broader participation than Friday, with tech/AI and crypto leading.