How to Read the Daily Edge

Read in this order: 1 Regime → 2 Themes → 3 Entry Windows → 4 TT Swing & Flow → 5 Company Research → 6 Portfolio / Capital Decision → 7 Final Inference.

Regime tells you how aggressive to be. M Support tells you where structural location is favorable. TT Good RR flags favorable risk/reward. Direct New means research immediately but do not chase. SELECT is a TT101 research designation, not a personalized buy instruction.

FULL TT101 GLOSSARY & GUIDE →   ·   HOW TT SWING WORKS →

1. Daily Edge — the executive summary

REGIME: SELECTIVE RISK-ON / 10Y YIELD PRESSURE

• TXN: one of the cleanest Leader + Trending M Support names. M Support 268.57.
• DELL: fresh CoreWatch TT Swing favorable-RR event, LONG with RR(M) 2.1:1.
• MPC / VLO: high-quality Direct New discoveries; research now, do not chase.
• NYT: standout Y Support quality name.

Single takeaway: buy-zone quality is stronger than the index tape suggests. Favor high-quality M Support / TT Good RR names over momentum chasing.

2. Market Regime — how aggressive should we be?

• S&P 500 and Nasdaq finished Thursday near flat; Dow slipped about 0.3%.
• 10Y Treasury yield finished around 5.22%, keeping long-duration growth under valuation pressure.
• Electronic Technology + Technology Services account for roughly 83% of Trending turnover.
• Trending expanded to 94 from 92; QM-positive eased to 76 (81%).
• Median RV fell to 0.77 while dollar turnover improved to about $201B.
• Trending DOWN contains 32 names, but weakness is dispersed rather than systemic.
• TS-active names rose to 57: the opportunity set is becoming more selective, not collapsing.

Position rule: entry quality comes from TT Good RR / M Support; stock priority and sizing remain tied to FCF quality after the story passes.

3. Theme & Leadership Map — where is capital flowing?

AI remains the dominant long-side cluster, but software provides a useful economic diversifier. Refining is the important fresh theme as MPC and VLO entered Trending directly.

4. Structural Entry Windows — where is location favorable?

Convergence: ALL THREE — APH, TER · CORE + TREND — NVT, DDOG · LEADER + TREND — TXN, SHOP, NOW, MPWR.

Y Support: NYT 63.05 / YS 61.96 / +1.8% · CLSK 14.26 / 13.87 / +2.8% · SMCI 41.51 / 41.04 / +1.2%. NYT is the only Y Support name today with a clearly positive business-quality / FCF profile.

5. TT Swing + Trending Flow — setup, RR and change

New In: CORT CRL FRO GDDY HCA IONQ MPC MXL SITM VLO
Direct New: CRL FRO GDDY IONQ MPC MXL SITM VLO
Graduated: ETN NBIS ULTA
Out: AKAM ASML EL FCX MDB SNX TSEM U

OPEN TT SWING →

6. Short Side — where is weakness concentrated?

Trending DOWN — 32: LPLA · SMR · COHR · WULF · SOFI · ONDS · OKLO · ORCL · BABA · RIVN · MP · AAOI · ASTS · ARES · NCLH · RCL · GRAB · FN · PCG · AAL · CTVA · NRG · TSCO · MTZ · DKS · CLX · BLDR · CCJ · UAL · BG · F · GIS

• WULF has severe FCF deterioration but meaningful HPC catalyst / squeeze risk.
• BG raised full-year EPS guidance after a strong Q2; technical weakness is not automatically a broken business.
• CTVA is the cleaner research-next name of the three, not an automatic short.

7. Single Research Queue — is the company worth owning?

Merged queue: TXN · GLW · DELL · APH · NVT · TER · DDOG · SHOP · NOW · MPC/VLO · NYT

• TXN — SELECT: Q2 revenue +23% YoY; TTM FCF $6.5B; Q3 guidance stepped higher.
• GLW — SELECT: Q2 core sales +17%; Optical Communications +32%; Enterprise Networks +65%.
• DELL — SELECT: fiscal Q2 revenue $47.0B, +58%; full-year revenue guidance raised to $192B.
• APH — SELECT: Q2 sales +55%, organic +30%, orders $10.7B, FCF $1.2B.
• NVT — SELECT: record sales, 47% organic growth, strong cash generation, raised outlook.
• TER — SELECT: Q2 revenue +104%; AI compute/memory drove semiconductor test.
• DDOG — SELECT: Q2 revenue +36% to $1.12B; $279M FCF.
• SHOP — SELECT: broad 30%+ growth across core commerce metrics and strong FCF conversion.
• NOW — SELECT: subscription growth, AI monetization and recurring software economics remain intact.
• MPC / VLO — WAIT ENTRY: exceptional Q2 refining economics and strong cash generation, but no preferred TT Good RR / M Support entry yet.
• NYT — Y SUPPORT WATCH: Q2 revenue +11.2%, digital subscription revenue +16.4%, digital ads +20.7%, 13.35M subscribers.

OPEN LIVING COMPANY RESEARCH →

8. Portfolio + Capital Decision — does it fit the book?

Current book / intent: ANET — confirmed starter · ENTG — confirmed starter · ETN — order pending · NOW — desired / unconfirmed.

*For CoreWatch / Leader-only M Support names, the feed confirms the stock is inside the filter but does not always export the exact pivot value. TT101 does not fabricate it.

9. Final Desk Inference — what matters most today?

1. Regime: Selective Risk-On with a hostile rate backdrop. Favor location over chasing.
2. Hot themes: AI compute / optics / enterprise software remain core; refining is the important fresh theme.
3. Buy-zone priority: TXN remains the cleanest high-quality Leader + Trending M Support setup; GLW, APH, NVT and TER also combine strong stories with structural location.
4. Hot RR: DELL is the fresh CoreWatch TT Swing Good RR name, LONG with RR(M) 2.1:1.
5. Silent trend: MPC / VLO are the best Direct New discoveries; catalyst is real, location is not yet preferred.
6. Rare long-term location: NYT is the standout Y Support name.
7. Short side: only WULF / CTVA / BG are near M Resistance; use as research filters, not automatic shorts.
8. Portfolio: NOW remains the cleanest software diversifier; ETN remains the power-infrastructure diversifier. New hardware exposure must be judged against ANET / ENTG concentration.
9. Next session workflow: regime → theme → four support windows → CoreWatch TT Good RR → IN/OUT flow → single research queue → actionable list.

TT101 workflow: Hot Theme → Hot Stock → TT Good RR / M Support → one story check → capital decision → TT Swing management.

Sources referenced in Issue 64 include company Q2 2026 investor relations releases, Reuters Sep 21–24, 2026, MT Newswires Sep 24, and TT101 internal Sep 25 breadth / participation uploads. Research and education only; not individualized investment advice.