RALLY DAY: S&P Surges +1.55% | Selective Buying

Monday’s session opened with a brief test lower as SPY slipped from $766.39 to $766.03, but that $0.36 dip was quickly reversed. The index advanced $7.12 from its open and reached $774.89 before closing at $773.51, just $1.38 below the session high. The +1.55% gain, trending profile and normal 1.19x volume showed sustained upward momentum rather than a late-session reversal.

Leadership was concentrated in large-cap growth. QQQ advanced +2.77% to $741.47, comfortably outpacing SPY and IWM, which gained +1.55% to $285.55. Seven of ten sectors finished positive, but the split between Communication Services and Technology strength and Energy weakness showed selective participation rather than a fully broad advance. No single confirmed headline explained the move; normalization in breadth and positioning provided the cleaner read.

S&P 500 (SPY): $766.39 (Open) → $773.51 (Close) | +1.55% | Range: $766.03-$774.89 NASDAQ (QQQ): $741.47 (Close) | +2.77% Russell 2000 (IWM): $285.55 (Close) | +0.51% VIX: N/A (+0.00%) Volume: Normal (1.19x average)

- INTC: +12.14% to $121.78 — Led the session’s semiconductor strength as capital concentrated in Technology; no discrete catalyst was confirmed in the supplied session data. - META: +11.34% to $741.25 — Powered Communication Services leadership and was a major contributor to the growth-heavy advance. - AMD: +9.95% to $615.52 — Extended the semiconductor move alongside INTC, reinforcing the concentration of momentum in chip shares. - TSLA: +3.03% to $375.30 — Participated in Consumer Discretionary’s advance as growth-oriented names outperformed the broader market. - ACN: +2.66% to $186.11 — Benefited from Technology leadership, though its advance was more measured than the semiconductor moves.

- XOM: -3.14% to $158.40 — Declined with broad Energy weakness as XLE ranked last among the reported sectors. - CVX: -2.73% to $203.79 — Tracked the same Energy rotation that weighed on XOM and the wider sector. - BRK-B: -1.52% to $502.00 — Lagged despite the higher index close, reflecting the session’s preference for growth leadership over diversified value exposure. - KO: -1.27% to $87.13 — Fell alongside Consumer Staples, one of only three reported sectors finishing negative. - NEE: -1.03% to $79.64 — Registered relative weakness while capital favored higher-growth Technology and Communication Services names.

Communication Services led at +3.56%, followed by Technology at +2.76% and Consumer Discretionary at +1.06%, confirming that Monday’s momentum was concentrated in growth-sensitive leadership. Energy fell -2.91%, Consumer Staples declined -1.09% and Materials slipped -0.50%, indicating stronger risk appetite within select sectors rather than uniform participation across the market.

- SPY’s first test came at $766.03, only $0.36 below the $766.39 open; the $766.03-$766.39 area is the first observed support zone from Monday’s range. - The session high at $774.89 marked the only visible near-term resistance test. SPY’s $773.51 close left it just $1.38 below that level. - Closing near the upper end of the $766.03-$774.89 range preserved upward momentum without evidence of a material closing reversal. - QQQ’s $741.47 and IWM’s $285.55 closes are the next-session reference pivots; their relative behavior will show whether leadership remains concentrated in large-cap growth or broadens toward smaller companies.

No verified nightly movers or futures indications were supplied as of 4:30 p.m. ET, so the next-session read begins with SPY’s $774.89 high and $766.03 low. The TRH verdict remains MARKET VALUE INTACT — TEMPORARY DIPS, with P* at 22%, in the MODERATELY ELEVATED band, while the desk rung remains ELEVATED (held); dips are expected to be temporary while the $725 invalidation holds, but exposure in the model books remains gradual ahead of PCE on September 30 and NFP on October 2. The heavy event window keeps new model-book positions smaller, with no new leveraged exposure initiated into NFP day.

Trend-up session with strong large-cap growth leadership, a close near the high and selective—not fully broad—participation.