Volume's the tell, and 10/27 finally printed two bars worth paying for. I ran thirty-seven names across the tape and got exactly two with real fuel: ENVX at 2.3x (19.7M vs 8.5M median) and BBAI at 2.7x (40.3M vs 14.8M). Everything else was a beta bounce on ~1x. Read the semis: CRDO 1.05x, AEHR 1.13x, ACMR 0.73x, MXL 1.38x β the +68% three-month leader group and not one of them is back over its 20-day. Read crypto: APLD 0.78x, CIFR 1.14x, HUT 0.79x, CORZ 0.87x, all still 14-20% under their 50s. Read quantum/nuclear: RGTI 1.10x, IONQ 1.16x, OKLO 0.96x, LEU 1.28x, every one below its 20. Rotation ratio 0.64 means these groups still move as one hand, so there's no soft place to hide and I stay small. A 5% up day on average volume is not a squeeze, it's a shrug β I don't pay for shrugs.
ENVX is the trade. 10/23 it printed 3.4x (28.8M) to 2.79, gave back nothing on 10/26, then 10/27 ripped to 3.35 on 19.7M with a 0.96 range position β closed at the high, through e50 3.11, and e9 2.74 now over e20 2.71. That's my old press trigger (close over 2.99 on 15M) hit and cleared. It's +49% in five sessions and still -63% from its 120-day high of 9.15, so the fuel above is thin. Buy the starter, press over 3.38 with 15M+, sell the first third into the e100 wall at 3.88, and I'm gone on a close under 2.69. BBAI is the new one: two weeks of 2.07-2.18 lows, then a 40.3M bar to 2.35 that lands exactly on e20 2.3486 with a 0.89 range position. Coil, then ignition. Starter here, press over 2.57 with 30M+, out on a close under 2.23. LQDA stays on from last period with a starter: 45.44, above e9 39.91 and e20 40.82, but volume dried to 0.65x on the up day β so no add, and I raise the trail: press only over 46.36 with 8M+, first third into e50 50.94, flat on a close under 42.12. CELC got the price (68.07 over e20 67.19) and none of the fuel (0.49x) β trigger at 68.82 on 2M or nothing. PLSE is still the tightest float on the board, stacked e9 51.35/e20 50.62/e50 48.30, but 0.45M shares a day is a dead tape; 55.00 on 800k is the only entry I'll take. KSS, SEZL, AVBP, HIMS, SIG, ASO and ANF are all off the book β ANF made its new high on 1.23x and I've waited two periods for that gate to fill, so it's a chart in my notebook, not a position. Two real bars in thirty-seven names is not breadth, it's one primary and one starter. Volume's the tell β when it dries up, I'm gone.
Fresh ignition off a two-week 2.07-2.18 coil: 40.3M (2.7x) +10.8% to 2.35, landing on e20 2.3486, range position 0.89. Starter, press over 2.57 with 30M, out on a close under 2.23.
BBAI β coil base, 2.7x bar reclaims the 20
two weeks of 2.07-2.18 lows, then 40.3M (+10.8%) to 2.35 = e20; rngpos 0.89, 2.7x median
Held starter from last period. 45.44 above e9 39.91 and e20 40.82, under e50 50.94, but the up day came on 0.65x β dried fuel means no add. Press only over 46.36 with 8M+, trim a third at 50.94, flat on a close under 42.12.
LQDA β starter on, needs 8M to press
post-crash gap 10/14 to 33.94 on 3.3x; now 45.44 above e9/e20, under e50 50.94, but up-day volume only 0.65x
Primary. 10/23 3.4x (28.8M) + 10/27 2.3x (19.7M) to 3.35, closed at the high, through e50 3.11, e9 over e20. Press over 3.38 on 15M, trim a third at e100 3.88, out on a close under 2.69. Still -63% from the 120-day high 9.15 so there is room above the supply.
ENVX β ignition confirmed, above the 50
10/23 3.4x (28.8M) then 10/27 2.3x (19.7M) closing 3.35 at the high, through e50 3.11
Tightest float I track, stacked e9 51.35 over e20 50.62 over e50 48.30, 10% off its 120-day high. Dead tape at 0.45M/day β 55.00 on 800k is the only entry I pay for, out on a close under 50.62.