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 — 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.

Prime Report — Sun. Oct. 25th 📌 Today's Highlights — Friday, October 23 Oil took over from AI as the worry. Fresh Houthi attacks on Saudi Arabia sent WTI up nearly 4% to $103, its highest settle since spring, and the selling moved into staples, financials and consumer names while chips steadied. The Dow lost more than 600 points. The flash PMI added to it, with output prices rising at the fastest pace since August 2022. Bloomberg reported SpaceX is in talks for access to at least 80,000 US cell sites, Crown Castle among them — the ground network a fourth national carrier would need. $T fell 8% and $TMUS nearly as much, two weeks after SpaceX bought spectrum for Starlink Mobile. $VZ, which reports Monday, slid with them. Oil split the earnings tape. $SLB rose 7% on revenue of $9.45B against $9.27B expected. $AXP beat on EPS at $4.68 against $4.50, but revenue came in just short and the stock fell about 4%. 🗓️ Tomorrow — Monday, October 26 A data-light Monday on the eve of the FOMC, with the Fed in blackout and a carrier, a chip-design name and a steelmaker carrying the slate. 📊 [7:00 AM ET — $VZ Verizon Q3] Consensus: EPS $1.27–1.29, revenue ~$34.8B. Call 8:30 AM ET. Focus: postpaid phone adds and the full-year guide, already raised twice, in the first carrier print since Friday's SpaceX tower report. 🏭 [10:30 AM ET — Dallas Fed Manufacturing (October)] September printed 9.8; no consensus could be verified. Focus: prices paid, after the flash PMI's output-price gauge hit a four-year high. 💻 [After Close — $CDNS Cadence Design Q3] Consensus: revenue ~$1.61B against a $1.595–1.625B guide; non-GAAP EPS guided to $2.01–2.07. Focus: backlog and AI design demand, with the stock down about 13% since July's report. 📊 [After Close — $NUE Nucor Q3] Consensus: EPS $5.80–5.84, above the $5.55–5.65 guide, on ~$10.8B. Call Tuesday 10:00 AM ET. Focus: realized steel pricing and the Q4 outlook. Also: Chicago Fed National Activity Index at 8:30 AM; $69B 2-year auction at 1:00 PM. primetrading.substack.com/p/…

Liquid Leaders scan Goal: Find the top liquid leading stocks • Top RS Rank (Alex’s RS composite rating) • Group & Theme RS score > 50 • 250mil$/daily liquidity • Minimum 1mil shares avrg. daily volume. • 15% > ADR > 3% • Price > 10$ • Market cap > $1 Billion • Exclude China & HK • Exclude Biotech, Defensive, Real Estate, Energy, Financials, Basic Materials, Industrials, Utilities, and Healthcare. traderslab.gitbook.io/primet…

Liquid Leaders 21dma-structure Pullback sorted by RS Rank. $CRWD, $NTAP, $S, $TXN By @TradersLab_

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

Themes Lab — 10/25 🧪 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 $DHR 91 — Life Sciences Tools Energy and IT services have the RS change. Healthcare has the setup. By: @TradersLab_

Weekend look at the Liquid Leaders Map. The picture is pretty balanced right now. 17 names are sitting inside the buy area, while another 14 remain above it without being overly extended on the weekly timeframe. Only 3 names are stretched on both timeframes. At the same time, 15 of the 50 strongest Liquid Leaders have already lost their weekly structure. That combination matters. Plenty of stocks are still holding up well underneath the surface, but the leadership pool has clearly narrowed. I don’t want to confuse “there are still some good charts” with a market environment that deserves aggressive exposure. The goal isn’t to find something to trade every day. It’s to know exactly where to look when the environment says it’s time. Right now, the names closest to where I want them: In the buy area: $OKTA $W $FTNT $CRWD $SHOP $DDOG $NTAP $PANW $S $PLTR $TWLO $NET $SWKS $GME $ADI $TXN $TOST Above the buy area: $TEAM $SN $RBRK $BBY $ETSY $DT $HPQ $CRM $NOW $WDAY $CTSH $SPOT $GDDY $ADSK Extended on both: $DOCU $ACN $ZS On the other side, these have lost their weekly structure: $SNOW $DELL $EXPE $U $XYZ $HPE $MDB $LITE $AMD $MRVL $ZM $MU $GEN $KEYS $SMTC For now, the watchlist can keep building while the broader market earns back my attention. When the regime improves, I already know exactly where I want to start looking. Liquid Leaders Map — primetrading.one/traderslab

This might be one of my favorite additions to the Liquid Leaders Map so far. Instead of only looking at the 50 strongest liquid leaders stock by stock, this view groups every name by Theme and sorts those themes by relative strength. That completely changes how I read the list. At a glance, I can see where leadership is clustering, whether it's improving or deteriorating, and where the strongest stocks within those themes sit relative to their 21-day structure and buy area. Right now, some of the strongest themes are concentrated in areas like Workflow & Automation, Content & Document Management, Vertical SaaS, IT Consulting, DevOps, CRM, and Cybersecurity, while several semiconductor and AI infrastructure groups sit much further down the ranking. That context matters. A strong stock in a leading, improving theme is a very different setup than a stock trying to hold together while its entire group is losing relative strength. And because every Liquid Leader is still plotted against its 21-day band, I can immediately see which names are actually actionable versus simply strong and extended. Instead of asking “what stocks are strong?” the better question becomes: where is the market concentrating its strength, and which leaders inside those themes are giving me an entry? That’s the kind of view I’ve wanted for a long time. Theme leadership → individual leaders → location → setup. All in one screen. Liquid Leaders Map — primetrading.one/traderslab

Don't make it more complicated... Top Liquid Leaders at their 21dma-structure buy area, showing constructive action. $OKTA, $W, $SHOP, $PLTR. Auto-generated from my setup criteria in The Plan.

$PLTR having that higher low into rising 21dma-structure, and backtest setup. Only 1 week before ER, but still solid action during last week. When you see these higher lows forming around the 21dma-structure while the market $QQQ made a lower low... that's always good information.

$SHOP been a name leading and just going sideway despite the growth recent pullback. Higher low at the rising 21dma-structure with a tight inside day on Friday. Solid setup on this one.

$W inside day just above stage 1 base & rising 21dma-structure area.