Read № 11 · Saturday, July 4, 2026 · the weekly ledger
The regime — read the weather before the names
The tape is in a confirmed uptrend.
Wind at the back — hunt the coils
The color of this page follows the regime, computed fresh from all 1,590 names every run — not borrowed from anyone's newsletter. When participation is broad, the generals and the army agree. When the tape turns, this sky turns with it — and this page shows you fewer names, on purpose.
T2108 — internal health
of 1,590 stocks above their 40-wk average
The gate
How much tape do you deserve today?
"Full hunt — wind at the back. longs lead; the gate is open."
This is the part nobody else will show you: the picks are gated by conditions. In a confirmed uptrend the gate opens fully. When breadth rolls over, it tightens — marginal coils get held back, the warnings move above the picks, and the page tells you exactly how many names it refused to show. A service that shows you less when the odds get worse is the whole difference between a read and a sales pitch.
Confirmed uptrend
Gate open. Long coils lead, the full six surface. ← today
Neutral / chop
Gate tightened: only decisive, lopsided coils survive.
Overheated / rolling over
Fakes lead the page. Longs squeezed to the three most decisive.
Correction
Gate tight. Warnings first; suppressed count shown in brass.
Washout
Capitulation watch — coils are turn-watch, not chase-now.
Breadth — the army, counted head by head
171 up, 124 down. The army still marches.
Every run counts how many of the 1,590 made a big weekly move in each direction. No index can hide narrowing leadership from a head-count.
+292
5-week mover balance — buyers are carrying the tape
none
price-vs-breadth divergence — the index and the army currently agree
1,590
names read every run — S&P 500 + 400 + 600, Nasdaq 100, + 73 off-index
The changelog — since the previous read
What changed its mind overnight.
The market is a ledger of commitments, and commitments change. Every read is diffed against the one before it — graduations, new coils, and the flips that matter most: names whose structure still looks fine while the money underneath starts leaving.
Flipped to distribution 3 names
- ~BKU — 2G/3R under the coil
- ~TRGP — 2G/2R under the coil
- ~SCHL — 1G/1R under the coil
Graduated coil → setup 45 names
- ↑INDV · MAC · PAYO · JBLU · LTH · YETI
- ↑WSM · URI · CVS · CROX · RVTY · PAG
- ↑MIDD · HWM · AMRX · WDFC · TECH · PTCT
- + 27 more in the ledger below
New coils forming 61 names
- +SEZL · CHRW · CPAY · CXW · BRC · MS
- +BMY · AMGN · AON · EAT · IFF · DE
- +GEV · BALL · TROW · EZPW · NBTB · OC
- + 43 more forming quietly
Worth a real look — 6 names, with the why on the card
Nothing here says buy. Everything here says why.
Each card carries the machine's verbatim read: the coil, the caps, and the sentence that justifies the name — unedited. The full recipe behind every number is printed at how we count.
machine render · weekly bars · caps vs 8-wk volume average
Inside-bar trigger cocked at the box top. 6G/0R decisive accumulation under a flat tape; glued to the high; range contracting (7%/wk range · +36% base)
machine render · weekly bars · caps vs 8-wk volume average
5G/0R decisive accumulation under a flat tape. glued to the high; range contracting (6%/wk range · +28% base)
5G/0R decisive accumulation under a flat tape. glued to the high; range contracting (8%/wk range · +49% base)
Inside-bar trigger cocked at the box top. 4G/2R decisive accumulation under a flat tape; glued to the high; range contracting (6%/wk range · +16% base)
Inside-bar trigger cocked at the box top. 4G/0R decisive accumulation under a flat tape; glued to the high (8%/wk range · +39% base)
Inside-bar trigger cocked at the box top. 3G/1R decisive accumulation under a flat tape; 5% off the high; range contracting (7%/wk range · +39% base)
The don't-buy list — same stage, equal billing
Structure says coil. Commitment says exit.
These look identical to the names above if all you read is price — tight, near the highs, textbook. That's the costume. Peel it and the caps underneath are red: supply leaving while the price hovers. This is the chart that takes a newcomer's money, and no one selling you picks will ever print their own don't-buy list next to their buys. We print 44 of them today. Why we publish our fakes →
structure — what everyone sees
commitment — 2G/3R · supply leaving while 7% off the high
hover / tap to peel the costume ↓
structure — what everyone sees
commitment — 1G/2R · supply leaving while 6% off the high
hover / tap to peel the costume ↓
3G/3R. Supply leaving while glued to the high; structure says coil, commitment says exit
3G/3R. Supply leaving while glued to the high; structure says coil, commitment says exit
Also flagged today: PRI · UTI · PGNY · DOC · FTV · MRCY · ASH · LH · PANW · OKTA · DKS — all 44 in the raw read, kept and counted like everything else.
Today's lesson — learn by example
Same shape. Opposite truth.
Every read ships one clean live specimen of each archetype, and the specimens archive into a growing pattern library. Study them side by side until the difference is physical.
Tight box pressed to the high with green caps dominating: institutions buying INTO the pause. Structure (coil) and commitment (caps) AGREE → the roof is being validated. inside-bar trigger cocked at the box top; 6G/0R decisive accumulation under a flat tape; glued to the high; range contracting
Looks identical to a real coil on price — tight, near the high — but the caps under it are RED. Supply leaving while price hovers. Structure says coil, commitment says exit. The trap. 1G/2R — supply leaving while 6% off the high; structure says coil, commitment says exit
JHG — extended — what we do not chase: Already ran far from the 40-MA (high ATR-extension): the obvious move everyone sees, edge gone, prone to the pullback. We surface the pre-obvious coil, not this. +22.9 ATR above the 40wk — -3.4% off high but already extended
The ledger — act-ready setups, all 46, nothing curated away
The full page, not the highlight reel.
Every name that met the bar today — including the mixed and diverging tail most services would quietly delete. The rank order and the verdicts are the read.
| Name | Off high | Range/wk | 6 mo | $ vol/wk | Caps | Verdict |
|---|---|---|---|---|---|---|
| LIVN | -0.4% | 6.9%/wk | +38% | $259M | ●● | cohering |
| MIDD | -0.7% | 6.2%/wk | +16% | $424M | ●●●● ●● | cohering |
| TMHC | -0.9% | 6.1%/wk | +22% | $491M | ●● | cohering |
| ALKS | -1.3% | 8.1%/wk | +93% | $435M | ●● | cohering |
| ACA | -1.3% | 7.4%/wk | +36% | $169M | ●●●●●● | cohering |
| CVS | -1.3% | 6.9%/wk | +31% | $3670M | ●●●● | cohering |
| TXRH | -1.4% | 5.2%/wk | +13% | $959M | ●●●●● ●● | cohering |
| TECH | -1.8% | 8.9%/wk | +19% | $721M | ●●● ● | cohering |
| OSW | -1.9% | 7.7%/wk | +39% | $95M | ●●●● | cohering |
| CHEF | -2.1% | 7.5%/wk | +53% | $176M | ●●●● | cohering |
| LTH | -2.3% | 7.7%/wk | +53% | $389M | ●● ● | cohering |
| WDFC | -2.9% | 7.1%/wk | +25% | $162M | ●●● ● | cohering |
| CROX | -3.5% | 8.2%/wk | +44% | $703M | ●●●●●● | cohering |
| RVTY | -3.8% | 7.8%/wk | +16% | $617M | ●●●● ●● | cohering |
| URI | -3.9% | 6.0%/wk | +30% | $2569M | ●●● | cohering |
| AMRX | -4.0% | 9.0%/wk | +35% | $104M | ●● | cohering |
| MTH | -4.1% | 7.3%/wk | +24% | $309M | ●●●● | cohering |
| AIN | -4.1% | 7.0%/wk | +40% | $69M | ●●● | cohering |
| MHO | -4.2% | 7.2%/wk | +23% | $150M | ●●● | cohering |
| YETI | -4.2% | 9.1%/wk | +11% | $309M | ●●● | cohering |
| GRBK | -4.7% | 6.8%/wk | +25% | $85M | ●●● | cohering |
| PTCT | -4.8% | 8.9%/wk | +9% | $578M | ●●●●● ●●● | cohering |
| RUSHA | -5.0% | 5.7%/wk | +35% | $162M | ●●● ●●● | cohering |
| NWE | -5.1% | 5.1%/wk | +10% | $167M | ●● ●● | cohering |
| PAG | -5.3% | 6.7%/wk | +13% | $229M | ●●● | cohering |
| OPLN | -5.4% | 7.2%/wk | +39% | $142M | ●●● ● | cohering |
| SSD | -6.0% | 6.5%/wk | +22% | $281M | ●●●● ●●●● | cohering |
| PPG | -6.1% | 6.9%/wk | +20% | $1055M | ●●● ● | cohering |
| TOL | -6.7% | 7.1%/wk | +16% | $738M | ●●● | cohering |
| WSM | -7.0% | 8.1%/wk | +21% | $1041M | ●●● | cohering |
| CHD | -7.0% | 5.0%/wk | +19% | $931M | ●●●● ●● | cohering |
| INDV | -7.0% | 8.4%/wk | +11% | $313M | ●●● | cohering |
| JBLU | -7.4% | 14.0%/wk | +31% | $650M | ●●●●● ●● | cohering |
| PAYO | -7.5% | 10.2%/wk | +30% | $116M | ●● | cohering |
| MAC | -2.0% | 5.9%/wk | +37% | $337M | ●●●●●● ●● | mixed |
| SAFE | -4.5% | 7.0%/wk | +20% | $27M | ●●●●● ●● | mixed |
| HGV | -4.5% | 9.9%/wk | +16% | $212M | ●●●●● ●●● | mixed |
| PKG | -4.5% | 6.1%/wk | +13% | $771M | ●● ● | mixed |
| TNL | -5.4% | 6.3%/wk | +6% | $262M | ●●●● ●● | mixed |
| PHM | -7.5% | 6.8%/wk | +12% | $1002M | ●●●● ● | mixed |
| CR | -3.9% | 8.1%/wk | +16% | $502M | ●●● ●●● | diverging |
| HTH | -3.9% | 5.0%/wk | +15% | $56M | ● ●●● | diverging |
| SMG | -4.8% | 9.6%/wk | +16% | $279M | ● ●●● | diverging |
| EWBC | -4.9% | 5.0%/wk | +12% | $524M | ●● ●● | diverging |
| HWM | -7.0% | 6.4%/wk | +28% | $3077M | ●●●● ●●●● | diverging |
| PH | -7.0% | 5.4%/wk | +8% | $2944M | ● ●● | diverging |
aG/bR = green vs red volume caps inside the box · cohering = structure and commitment agree · diverging = distribution under the coil · ThinkOrSwim paste-lists ship with every email edition · the raw read is archived verbatim: read № 11
Counted — the running ledger of this site itself
Every read stays up. That's the credential.
No deleted calls, no quiet edits, no highlight reel. The archive is dated before the outcome is known — walk it backward and judge the read for yourself.
0
reads kept since first light, June 28
0
names read, every single run
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act-ready setups on today's page
0
fakes flagged today, printed next to the picks
- № 11 · Sat, Jul 4 weekly — this page · the raw record →
- № 10 · Fri, Jul 3 weekly · the raw record →
- № 9 · Fri, Jul 3 daily · the raw record →
- № 8 · Thu, Jul 2 weekly · the raw record →
- № 7 · Thu, Jul 2 daily · the raw record →
- № 6 · Wed, Jul 1 weekly · the raw record →
- № 5 · Wed, Jul 1 daily · the raw record →
- № 4 · Tue, Jun 30 daily · the raw record →