Alex's PF performance. - May 2026 📊🛡️ MTD ( +23.3% ) YTD ( +26.8% ) YTD benchmark QQQ ( +10.5% ) Hey guys! What a month —best monthly return since 2020 for me — another cruise month, back to back after April, and I'm very happy with my execution overall. We can always be better and keep improving, but this was a clean follow-through on everything I talked about last month: trust the system, trust the process, get size in the right names, and let the trend do the work. The one thing I'll flag on myself is that I went into that mid-month pullback a bit too exposed. I took some heat and drew down more than I wanted — but I played it well from there. I recognized the constructive action, held my positions, and stayed patient, which let me recover from the drawdown super quickly and push my EC into a fresh all-time high. That's the difference between reacting to noise and trusting what price is actually telling you. This month really came down to two things. First, adding to my core positions and trading around that core in what I see as the liquid leaders of the leading groups and themes — I did more of that and it paid well. Second, having real size in those leaders and staying patient with it, trusting the trend even when it looked extended. There's a lot of money to be lost trying to anticipate the end of a move, and I did well by simply not trying to do that. The win rate came in at 44.4% with a 1.94 RRR, and I pushed +36.2R in profits on the month. Lower hit rate than April, but it didn't matter — my winners did the heavy lifting at a 10.8% avg gain (biggest +47.6%) while I kept my losers tight at -4.3% avg. That asymmetry is the whole game: let the winners run, cut the losers fast. Now it's about staying disciplined and capturing the best part of this trend for as long as it lasts. Let's kill June, let's go! 💪 Cheers, Alex ✌️ • Every entry, exit, and trims are taken in real time in the PrimeTrading Discord community, with educational explanations for all trades. • I share all my trades and monthly trading performance results since January 2020 for transparency.

Prime Report — Tue. Oct. 27th 📌 Today's Highlights — Tuesday, October 27 Anthropic's compute bill found its lenders. Bank of America, Citi, Morgan Stanley and Blackstone lined up $63B for a vehicle that buys Broadcom chips and leases them to Anthropic, with Broadcom backstopping the first-lien debt. $AVGO rose about 4%, $AMD 5%, and chips carried the Nasdaq up 1.2%. $BA fell 11%, its worst day in more than 18 months. Boeing will miss its 500-jet delivery target and now sees the 737 reaching 47 a month in early 2027, a pace it promised for this summer as recently as May. "We're going to be smart about this, stay disciplined," Kelly Ortberg said. Cheaper gas lifted the consumer mood. Conference Board confidence jumped to 91.7 against about 81 expected, back to June levels. After the close, $V earned $3.48 on revenue up 13% to $12.1B, then dipped on its outlook. 🗓️ Tomorrow — Wednesday, October 28 Fed day and megacap night: the decision at 2:00, then $MSFT and $GOOGL after the bell. 📊 [Before Open — $GEV GE Vernova Q3] Consensus: EPS $3.99–4.03; revenue estimates diverge across sources. Focus: power-equipment orders and backlog, after Q2 missed on EPS. 🏛️ [2:00 PM ET — FOMC Decision, Warsh Press Conference] A hold at 3.75–4.00% is priced near 90%, with no projections at this meeting. Focus: dissents, and whether Warsh at 2:30 leaves the December hike in the pricing. 💻 [After Close — $MSFT Microsoft FQ1 2027] Consensus: EPS $4.71–4.72, revenue ~$90.6B. Call 5:30 PM ET. Focus: Azure against the 45% guide and quarterly capex above $50B. 💻 [After Close — $GOOGL Alphabet Q3] Consensus: EPS $3.00–3.03, revenue ~$127.7–127.9B. Call 4:30 PM ET. Focus: Google Cloud after 82% growth last quarter, and capex against free cash flow. Also: $APH, $BSX and $VRT before the open; $NOW, $KLAC and $TMUS after the close. primetrading.substack.com/p/…

$QQQ PRICE ACTION — 10/27 Another constructive session and, more importantly, follow-through on yesterday’s daily reversal. $QQQ has now pushed decisively away from the multi-month support area and held above the reversal pivot. That strengthens the case that last week’s break was a shakeout / higher-low attempt rather than the start of another leg lower. The next test is already here: price is now pushing directly into the declining 21dma-structure. That makes this an important area. A clean reclaim and hold would materially improve the daily trend and add another layer of confirmation to the rally attempt. Rejection here would keep the bigger Risk-Off structure intact. With FOMC tomorrow, I don’t think there’s much reason to anticipate beyond what price is already telling us. Two constructive days, real follow-through, and improving evidence — but now we need the 21dma-structure to confirm.

Liquid Leaders 21dma-structure Pullback sorted by RS Rank. $SNOW, $SNPS By @TradersLab_

Liquid Leaders Scan sorted by RS Rank. $TEAM, $SN, $RBRK, $CART, $OKTA, $ETSY, $BBY, $DT, $NTAP, $FTNT, $CRWD, $S, $PANW, $ADI, $DDOG, $TXN, $HPQ, $PLTR, $DELL, $SNOW By @TradersLab_

Themes Lab — 10/27 🧪 Themes ranked by 8-week RS change. BIGGEST RS GAINS (8w) • Global IT Consulting +28.5 → RS 83 • Oil & Gas Major +27.7 → RS 86 • BPO & Digital Services +21.5 → RS 79 • Managed Care +20.7 → RS 72 EMERGING • Self-Storage REIT +25.3 → RS 54 • Utilities - Electric + Gas +22.4 → RS 55 BIGGEST RS LOSSES (8w) • Asset Management −26.3 • Genomics −25.1 • Gene Therapy −23.1 SETUPS @ 21dma-structure area $SPOT 99 — Streaming Infrastructure $CRM 97 — CRM & Sales Software $VIK 42 — Travel IT services and energy have the RS. Only three setups qualify. By: @TradersLab_

PORTFOLIO UPDATE 10/27 Hey guys, Much more constructive day today. Yesterday was about testing the first reversal. Today we actually got follow-through, which is what I needed to see before increasing exposure. $QQQ followed through from the multi-month support area and is now pushing right into the declining 21dma-structure. $QQQE reclaimed its 21ema, MCSI is reaccelerating, the QQQ model flipped back to RALLY, and we also saw a strong breadth thrust across the Liquid Leaders. Credit spreads also broke below their 21dma-structure for the first time since early September. The Growth Cycle remains Risk-Off, but the 2-day momentum thrust is a meaningful improvement there as well. I used that improvement to add $P and $SNOW today. On the other side, I closed $CRM for -1.6%. It simply wasn’t getting the same traction as the other names, so there was no reason to keep carrying the risk. Today’s action: ADDED: $P, $SNOW CLOSED: $CRM -1.6% TRIMMED: — Current positions: $SNOW, $P, $MDB, $NTAP, $ADI Ending around 53% exposure with -2.31% NER / +1.31% NEP and -1.00% Delta. That’s a good place for me here. Enough exposure to participate if this continues, but still plenty of cushion with $QQQ now approaching important overhead structure and FOMC tomorrow. Good follow-through, improving evidence, but still managing this one step at a time.

Interesting shift in the Growth Cycle today. Still Risk-Off, with growth below its 10w structure, but we’ve now seen a pretty clear momentum thrust over the last two sessions. No regime change yet, but definitely improving underneath. That’s enough for me to stay selective, but start paying closer attention to the leaders showing traction.

Interesting picture in today's Liquid Leaders Map. Leadership is still pretty selective, but we’re starting to see a much better setup than we had a week ago: several of the highest-RS themes now have individual leaders sitting back inside or very close to the buy area. The strongest groups remain concentrated in: • Workflow & Automation • Vertical SaaS • Global IT Consulting • Cybersecurity • DevOps / CI-CD • ERP / Finance Software • CRM & Sales Software That matters because I’m not just looking for stocks near the 21ema. I want strong names, inside strong themes, pulling back into structure. The names that stand out most to me right now: $CRM, $ZM, $SNOW, $MDB, $DDOG, $NET, $FTNT, $SHOP A few others are getting interesting around the edges of the zone as well, including $SNPS, $PLTR and $SPOT. On the other side, the weaker RS remains concentrated in semis / AI infrastructure: GPU Cloud, AI Infrastructure, Memory, Analog Semis and Photonics are still sitting near the bottom of the theme rankings. So even with the market trying to improve, I still don’t see this as a “buy everything” environment. Follow the relative strength, then let price come back to you. Right now, software offers the cleanest combination of both.

$ADI & $TXN - Analog semis showing real relative strength in semi group. Leading the right side with a push off the 21dma-structure while $SMH still below. If there is a place to be in semis, that's in analog group.

$P 21dma-structure reclaim today, moving in leading group along $NTAP .

2026 10 27 PrimeTrading Early-Market Session (EMS) youtu.be/bpflnV-1M50?si=qwDL… via @YouTube

Prime Report — Mon. Oct. 26th 📌 Today's Highlights — Monday, October 26 The AI trade got its capital-markets day. Anthropic confidentially submitted a draft S-1 to the SEC, and tech led the rebound, the Nasdaq up 0.8% with even $CRWV positive. $META launched about $35B of equity the same morning, $22.5B of common and $12.5B of mandatory convertible preferred, with a $60B ATM planned for 2027. Meta fell about 2%. $FICO lost 13% after holding its mortgage score at $10 for lenders in its Preferred Program, a defensive move now that VantageScore shares the Fannie and Freddie pricing grid. FHFA's Bill Pulte promised more action this week so competition is "real and not fake." Wells Fargo downgraded the stock. $VZ beat and still fell 3.5%. Postpaid phone adds of 406,000 were its best third quarter in five years, and full-year guidance went up a third straight time, to 1.1–1.2M adds. Revenue came in light. 🗓️ Tomorrow — Tuesday, October 27 The FOMC convenes as the megacap earnings week opens, with Visa after the close. 📊 [Before Open — $BA Boeing Q3] Consensus: core EPS -$0.21 to -$0.25, revenue ~$24.3B; 161 deliveries already reported. Call 10:30 AM ET. Focus: free cash flow against the $1–3B full-year guide. 📊 [Before Open — $KO, $UPS Q3] Consensus: $KO EPS $0.87–0.90; $UPS $1.63–1.65. Focus: Coke's price-versus-volume mix and UPS margins against fuel costs. 🏭 [8:30 AM ET — Durable Goods Orders (September)] Consensus: +1.8% after a flat August. Focus: core capital goods, up 1.6% last month. 🛍️ [10:00 AM ET — CB Consumer Confidence (October)] Consensus: 80.0–80.5, against 81.9 in September, the lowest since 2014. Focus: the jobs spread and inflation expectations. 🏛️ [All Day — FOMC Meeting, Day One] The decision and Warsh's press conference land Wednesday, with futures near 90% on a hold. Focus: the front end, with the committee in blackout. 🏦 [After Close — $V Visa FQ4, $HOOD Robinhood Q3] Consensus: $V EPS $3.43–3.50 on ~$12.1B; $HOOD $0.53–0.56. Calls 5:00 PM ET. Focus: Visa's fiscal 2027 guide and consumer spend. Also: $SOFI, $PYPL before the open; $STX after the close. primetrading.substack.com/p/…

$QQQ PRICE ACTION — 10/26 $QQQ finally gave us the first constructive response we’ve been looking for, confirming a daily reversal off the broader multi-month support area and closing back above the reversal pivot. This opens the possibility that Thursday/Friday’s weakness was a shakeout and that we’re starting to build a higher low here. Today would essentially be Day 1 of that potential rally attempt. That said, nothing is fully confirmed yet. $QQQ remains below a declining 21dma-structure, and the weekly 10wma-structure is still overhead as well. So for now, I view this as an early change in price action rather than a change in regime. What makes today more interesting is the confirmation underneath: $QQQE and the Liquid Leaders also reversed, MCSI hooked higher, and we started seeing some individual leaders reclaim structure and attract capital again. The next step is simple: follow-through. I want to see $QQQ hold this reversal, build above the pivot and eventually start working back through the declining 21dma-structure. Constructive first step. Still early. Still Risk-Off until the market proves otherwise.

Liquid Leaders 21dma-structure Pullback sorted by RS Rank. $NTAP, $CRM, $ADI, $P, $SNPS By @TradersLab_

Liquid Leaders Scan sorted by RS Rank. $TEAM, $DOCU, $SN, $CART, $RBRK, $DT, $OKTA, $BBY, $ETSY, $S, $FTNT, $DDOG, $W, $CRWD, $NTAP, $HPQ, $ACN, $PANW, $SHOP, $PLTR By @TradersLab_

Themes Lab — 10/26 🧪 Themes ranked by 8-week RS change. BIGGEST RS GAINS (8w) • Oil & Gas Major +31.7 → RS 85 • Global IT Consulting +27.1 → RS 79 • BPO & Digital Services +25.5 → RS 79 • Vaccines +21.2 → RS 66 EMERGING • Hospitality +24.7 → RS 62 • Utilities (Electric + Gas) +22.3 → RS 54 BIGGEST RS LOSSES (8w) • Asset Management −25.1 • Housing −23.3 • Gene Therapy −23.2 SETUPS @ 21dma-structure area No trophy clears the filter today. The leaders are extended, not pulling in. Energy and IT services have the RS. The setups aren't there yet. By: @TradersLab_

PORTFOLIO UPDATE 10/26 $MDB $CRM $NTAP $ADI Hey guys, Finally, a little bit of traction today. After sitting completely out last week, I started testing the waters with a few small anticipation trades as we saw the first meaningful daily reversal across $QQQ, $QQQE, and the Liquid Leaders. The important distinction: this is not a Risk-On call. $QQQ remains below its declining 21dma-structure and 10wma-structure, while VIX and credit spreads are still elevated. The bigger picture hasn't confirmed anything yet. What changed today was underneath the surface. MCSI hooked higher, growth printed its first real daily reversal of this pullback, VIX reversed lower, and several leaders started reclaiming structure from constructive bases. I started with $ADI and $NTAP, gained some traction, then added $CRM and $MDB into the close. I also covered the $MBT short as that setup started looking more like a weekly shakeout. Today’s action: ADDED: $ADI, $NTAP, $CRM, $MDB CLOSED: — TRIMMED: — Ending the day around 2% NER, still very controlled. For now this remains an anticipation phase inside a Risk-Off environment. I’m willing to test individual areas showing real divergence, but I have no interest in suddenly pushing exposure because of one good day. If the market follows through, we can build from here. If it doesn’t, these positions are small enough that getting back out is an easy decision. One day at a time, one leading group at a time.