🌎 MARKET CONTEXT • Market is showing SELECTIVE strength • QQQ showing relative strength • SPY and IWM showing weakness in our snapshot • VIX: 15.41 • Technology / AI showing selective buying • Oil continues pulling back • Small caps lagging • Space / speculative names showing weakness • Fed rate path remains a major macro factor Today is not a broad risk-on market. Money is rotating into specific technology, semiconductor and AI infrastructure names while other areas remain under pressure. 🌡️ VIX CHECK VIX: 15.41 🟢 Below 16 = Buyers have the advantage 🟡 16–18 = Caution 🔴 Above 18 = Sellers have the advantage VIX remains below 16, but that does NOT mean every stock is bullish. Today’s tape is showing clear separation between leaders and laggards. 🔄 SECTOR ROTATION 🟢 RELATIVE STRENGTH • Mega-Cap Technology • Select Semiconductors • AI Infrastructure • Data-Center Infrastructure • Precious Metals 🟡 MIXED • Broad Market • Energy • Financials • Semiconductors overall 🔴 RELATIVE WEAKNESS • Small Caps • Space Stocks • Select High-Beta / Speculative Growth • Select Software • Oil-sensitive Energy Names 🟢 TOP CALL WATCHLIST 1. GOOGL — $355.17 Mega-cap tech strength 2. META — $689.50 Strong relative strength 3. AVGO — $350.74 AI + semiconductor strength 4. VRT — $246.11 AI/data-center infrastructure 5. NBIS — $218.78 AI infrastructure strength 🔴 TOP PUT WATCHLIST 1. NVDA — $219.29 Relative weakness versus other AI / semiconductor names 2. MRVL — $239.31 Weak while several semiconductor peers remain green 3. IWM — $284.50 Small caps underperforming 4. RKLB — $64.83 Space sector showing broad weakness 5. SMCI — $39.27 AI-related name showing relative weakness 💰 SMALL ACCOUNT CALL WATCHLIST 🟢 HIMS — $28.47 Strong relative momentum 🟢 APLD — $26.94 AI infrastructure strength 🟢 IREN — $44.96 AI / data-center exposure 🟢 NVTS — $11.24 Semiconductor strength 🟢 CRCL — $89.82 Showing relative strength 💰 SMALL ACCOUNT PUT WATCHLIST 🔴 SOFI — $16.68 Relative weakness

🌎 MAJOR MARKET CATALYSTS • NASDAQ FUTURES ARE LEADING THE MARKET HIGHER U.S. futures are positive this morning as another decline in oil prices helps ease some inflation concerns. At approximately 4:50 AM ET, Dow futures were up 0.16%, S&P 500 futures were up 0.28%, and Nasdaq-100 futures were up 0.56%. Technology is showing the strongest early relative strength. Source: https://www.reuters.com/business/nasdaq-futures-lead-wall-st-gains-oil-retreat-eases-inflation-worries-2026-09-18/ • THE MARKET IS STILL DIGESTING THE FED RATE HIKE The Federal Reserve raised interest rates by 25 basis points Wednesday, bringing the federal-funds target range to 3.75%-4.00%. Investors are now focused on how many additional increases could follow as the Fed continues trying to control inflation. The important shift is that the market is moving beyond the actual rate decision and beginning to price the future path of monetary policy. Source: https://www.reuters.com/world/china/global-markets-flows-graphic-pix-2026-09-18/ • THE BANK OF JAPAN ALSO RAISED RATES The Bank of Japan raised its policy rate from 1.00% to 1.25% today, its highest level in 31 years. The decision passed 7-2, and Governor Kazuo Ueda indicated that additional increases remain possible if inflation pressures continue. This reinforces the broader global theme of major central banks moving toward tighter monetary policy. Source: https://www.reuters.com/world/asia-pacific/bank-japan-set-raise-interest-rates-31-year-high-2026-09-17/ • OIL IS FALLING FOR A THIRD CONSECUTIVE SESSION Brent crude fell approximately 1.6% to $103.17 per barrel this morning, while WTI traded near $101.30. Saudi Arabia has increased crude shipments through Oman, global refined-product inventories have risen, and China increased fuel exports. Those developments are helping ease immediate concerns surrounding Saudi supply disruptions.