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MOS
Markets · Options · Signal
May 28, 2026 · All times ET
Regime BULL Day 6
Market Snapshot · 10:06 ET
S&P 500
750.23
-0.03%
Nasdaq
728.30
-0.16%
Dow
504.91
-0.39%
Russell 2k
288.06
-0.80%
VIX
16.20
-0.55%
20Y Bond
85.31
+0.01%
Gold
406.36
-0.52%
Silver
66.33
-1.73%
Oil
133.51
+1.89%
USD
27.79
+0.16%
CNN Fear & Greed
60 Greed
wk +2 · mo -7
Key Technical Levels
SPY Trend: Bullish Sup: 737.23 Res: 752.13 RSI: 71.1
QQQ Trend: Bullish Sup: 705.17 Res: 733.32 RSI: 74.1
Econ Calendar
8 high-impact · Thu May 28 – Fri May 29 · as of 10:06 ET
Thu May 28
08:30 US Core PCE Price Index (MoM) (Apr) — est. 0.3%, prev. 0.3%
08:30 US Core PCE Price Index (YoY) (Apr) — est. 3.3%, prev. 3.2%
08:30 US Durable Goods Orders (MoM) (Apr) — est. 4.0%, prev. 1.3%
08:30 US GDP (QoQ) (Q1) — est. 2.0%, prev. 0.5%
08:30 US Initial Jobless Claims — est. 211K, prev. 210K
10:00 US New Home Sales (Apr) — est. 661K, prev. 663K
12:00 US Crude Oil Inventories — est. -3.800M, prev. -7.863M
Fri May 29
08:00 DE German CPI (MoM) (May) — est. 0.1%, prev. 0.6%
Macro Snapshot
10:10 ET
Indicator Value Change
2Y Yield 4.00% -1bps
10Y Yield 4.48% -2bps
Spread +48bps Flattening
DXY 99.18 -0.03%
VIX/3M 0.84 Contango
HY OAS 6.88% -0.02%
BZ–WTI 0.9877
$94.45 · $95.63
z -2.77 · Long spread · ρ 92%
GDXJ–GLD 0.2717
$110.53 · $406.81
z -1.21 · Watch · ρ 83%
BTC $72,884 -1.9%
ETH $1,979 -2.1%
ETH/BTC 0.0271
Sector Rotation · Today
10:10 ET
Health Care
+1.08%
XLV
Energy
+0.74%
XLE
Technology
+0.28%
XLK
Cons. Staples
+0.21%
XLP
Communication
+0.02%
XLC
Utilities
-0.11%
XLU
Real Estate
-0.34%
XLRE
Financials
-0.46%
XLF
Cons. Discr.
-0.71%
XLY
Materials
-0.87%
XLB
Industrials
-1.08%
XLI
In today's Bull regime, defensive Health Care and cyclical Energy lead, while Industrials and Materials lag, suggesting a nuanced rotation into relative strength.
Regime Timeline
HMM Regime Detection — SPY 90-day timeline
From the Desk · BULL Day 6 (prev. close)
“The market remains in a BULL regime for 6 days, with the S&P 500 essentially flat at -0.03% from the previous close, while oil-related tensions escalated with drone attacks off Turkey's Black Sea coast. Worth watching is the divergence between the Fed's Williams suggesting the inflation hit will peak in the next few months and the overnight selloff in Treasuries on oil-driven concerns, with the 10-year yield not explicitly reported but implied to be under scrutiny.”
— The MOS Quantitative Desk
Policy Risk Monitor — White House
Trump's bond market headache is a nightmare for Europe
EUR 9h ago
Canada yet to accept Trump’s tariffs to stay despite CUSMA: U.S. trade rep
GLO 1d ago
$EWC$FXI$SPYAuto Sector
Trump's trade czar says tariffs will remain on Canada, Mexico despite trade agreement
YAH 1d ago
$EWC$EWW$FXI$SPY
Even as stock market hits highs, most Americans are cutting back on spending, survey shows
PBS 1d ago
Trump’s 2026 Bull Market is Really Just an Nvidia Rally
24/ 1d ago
$NVDA$SMHAI Sector
Crowd Signal
250 posts · 5 subs · 10:09 ET
Trending tickers across Reddit · r/wallstreetbets · r/stocks · r/options · r/thetagang · r/StockMarket
Scoring: mention count × cross-sub breadth · pts = upvotes · N/M subs = appeared in N of M subreddits scanned
MU mixed 59
“Yes, I held my $MU $160k yolo back at $110/share (for most of the run) 1,058% 1y…”
WSB 2302 pts · 5/5 subs
META mixed 22
“Meta shares jump after company announces premium subscriptions for Facebook and …”
WSB 3467 pts · 5/5 subs
MSFT mixed 19
“$DELL wins 9.7B government contract”
WSB 733 pts · 5/5 subs
SNDK mixed 18
“Yes, I held my $MU $160k yolo back at $110/share (for most of the run) 1,058% 1y…”
WSB 2302 pts · 5/5 subs
RKLB mixed 16
“Realized my first gain”
WSB 2003 pts · 3/5 subs
MRVL bullish 15
“Yes, I held my $MU $160k yolo back at $110/share (for most of the run) 1,058% 1y…”
WSB 2302 pts · 3/5 subs
ALAB mixed 15
“Yes, I held my $MU $160k yolo back at $110/share (for most of the run) 1,058% 1y…”
WSB 2302 pts · 3/5 subs
NVDA mixed 13
“Yes, I held my $MU $160k yolo back at $110/share (for most of the run) 1,058% 1y…”
WSB 2302 pts · 5/5 subs
Insider Wire
2386 Form 4s filed · 10:06 ET
Notable open-market transactions · SEC EDGAR · 2026-05-23 to 2026-05-28
Tech executives are dumping shares ahead of earnings, with notable sales by APP's CTO, NET's President, and PANW's EVP, fueling bearish bets in the software sector.
Ticker Insider Value
SELL APP Shikin Vasily Chief Technology Officer $34.3M
SELL NET Zatlyn Michelle President and Board Co-Chair $18.3M
SELL PANW Klarich Lee EVP Chief Product & Tech Ofcr $16.3M
SELL APP Shikin Vasily Chief Technology Officer $7.7M
SELL UTHR EDGEMOND JAMES CFO AND TREASURER $5.7M
SELL HSY HERSHEY TRUST CO TRUSTEE … Insider $3.9M
Short Interest Monitor
25 scanned · 10:14 ET
FINRA short interest via Yahoo · ~10 days (FINRA via Yahoo) · squeeze risk = SI% × days-to-cover
Ticker SI % DTC MoM Squeeze
UPST 32.0% 5.3d -4.3% HIGH
BYND 27.0% 1.4d -3.4% ELEVATED
OKLO 23.1% 2.1d +22.6% ELEVATED
SMCI 18.0% 2.2d -6.4% ELEVATED
GME 14.1% 5.5d -6.4% MODERATE
RIVN 14.1% 5.2d +1.3% MODERATE
CVNA 13.7% 5.8d +2.0% MODERATE
SOFI 13.7% 2.5d +9.3% LOW
Phantom Float · Squeeze Action Monitor
8113 scanned · 80 SEC-confirmed· 5 red · 54 yellow
Ticker Struct Ignit Final Hldrs Flags Bucket
SONO 0.46 0.85 0.49 42% GRINDCOVERELEVLADDERATM* RED
RES 0.38 0.85 0.46 56% GRINDCOVERELEV RED
AMCX 0.32 0.85 0.44 47% GRINDCOVERELEV RED
BIIB 0.31 0.85 0.44 75% GRINDCOVERELEV RED
FBYD 0.33 0.85 0.32 88% COOLGRINDCOVERELEV RED
LCID 0.55 0.10 0.55 76% PREELEVATM* YELLOW
SWKS 0.26 0.85 0.49 52% IGNGRINDCOVERELEV YELLOW
CBRL 0.30 0.85 0.43 36% GRINDCOVERELEVEarnings YELLOW
NTAP 0.12 0.85 0.43 37% IGNGRINDCOVERELEV YELLOW
EVEX 0.27 0.85 0.42 88% GRINDCOVERELEVATM YELLOW
+ 49 more yellow names not shown
Market Headlines
8 sources · 10:06 ET
Stock Rally Stalls as Oil Rises on US-Iran Clashes: Markets Wrap
BBG 15h ago
The recent US-Iran clashes have introduced uncertainty into the stock market rally, as rising oil prices may dampen economic growth. If the conflict escalates, we could see a risk-off reaction, with investors seeking safe-haven assets. However, a swift resolution to the conflict could lead to a relief rally in equities.
BBG Treasuries’ Oil-Driven Selloff Stalls as Inflation Gauge Slows
The slowdown in the inflation gauge has provided some support to the stock market, as lower inflation expectations can reduce pressure on the Fed to raise rates. However, if oil prices surge, inflation fears could reignite, leading to a bond yield increase and potential stock market decline. Keep an eye on upcoming inflation reports and crude price action.
6m ago
BBG Oil Tankers Suffer Drone Attacks Off Turkey’s Black Sea Coast
The oil tanker attacks off Turkey's Black Sea coast have raised concerns about crude supply risks, which could lead to higher oil prices and increased volatility in refining and logistics stocks. If the attacks cease or security measures prove effective, crude supply risks may decrease, alleviating some pressure. Monitor tanker rates and product crack spreads for further indications.
6m ago
FJ Fed's Williams: The hit to inflation is likely to peak in the next few months. Tariff impacts should peak in the next few months.
The Fed's Williams statement suggests that inflation and tariff impacts may peak in the next few months, which could stabilize economic conditions. However, without further context, it's challenging to determine a clear market direction. Investors may seek more information on inflation trends and economic indicators to make informed decisions.
44m ago
FJ US Treasury Secretary Bessent: We're going to shut down Iran's airline access to landing spots and fuel - Post on X.
The US restrictions on Iran's airline access have escalated tensions between the two countries, which could lead to higher oil prices and increased geopolitical risk premiums. A de-escalation of tensions could result in lower crude prices and a recovery in risk assets. Keep an eye on geopolitical developments and crude price action.
1h ago
BBG Fed’s Williams Says Rates Impact of Productivity Boom Is Unclear
The Fed's Williams statement on the unclear impact of a productivity boom on interest rates has introduced uncertainty into the market. A productivity boom could support economic growth and potentially lead to higher stock prices, but the Fed's next move regarding interest rates is uncertain. Investors may seek more data on productivity and economic growth to make informed decisions.
7m ago
BBG US Consumer Spending Increases as Inflation Accelerates 48m ago
FJ MOO Imbalance 35m ago
Financial Wire
Top 5 · AI digest · 10:06 ET
FJ Fed's Williams: Rates to stay restrictive
Systematic traders watch for rate guidance
36m ago
FJ US PCE Inflation Hits 4.4%
Inflation data informs rate expectations
1h ago
FJ BoC Sees Financial Stability Risks
Canadian financial system under scrutiny
4m ago
FJ Crude Oil Exports to Get Boost
Kazakhstan oil exports may hit 3 mln tons
5m ago
FJ US GDP Growth Revised Down
Economic growth concerns resurface
1h ago
Source: FinancialJuice · 40 flashes scanned
Research Digest
10:09 ET
BSAC $31.59 -1.7% Bullish
Composite 15 1M -2.9% 3M -8.4% 1Y +29.9% DOWN
Target $33
Banco Santander-Chile (BSAC) reported strong Q1 profitability despite a uncertain macroeconomic backdrop, with management citing higher inflation as a near-term support for margins. The stock has become technically oversold, with a 1M return of -2.9% and 3M return of -8.4%, but has a 1Y return of +29.9%. The market may be mispricing the risk of weaker growth and household pressures later in the year.
ZAC Are You Looking for a High-Growth Dividend Stock?
MAR Banco Santander Chile Q1 Earnings Call Highlights
ZAC Down 8.3% in 4 Weeks, Here's Why You Should You Buy the Dip in Banco Santander-Chile (BSAC)
DFIS $36.47 -0.6% Bullish
Composite 50 1M +4.1% 3M -0.8% 1Y +26.9% UP
DFIS, a Dimensional International Small Cap ETF, has seen increased attention due to its potential in emerging market development finance, providing diversification and stability to private credit amid current volatility. The ETF has a 1-year return of +26.9% and a current trend score of 50/100, with a bullish HMM regime. However, insider activity spiked 46.9x with an insider score of 81, which could be mispriced if investors overreact to short-term performance.
STO Understanding the Setup: (DFIS) and Scalable Risk - Stock Traders Daily
ODI Emerging market development finance provides diversification and stability to private credit amid cu
STO Precision Trading with Dimensional International Small Cap Etf (DFIS) Risk Zones - Stock Traders Dai
CECO $79.40 -8.7% Bullish
Composite 68 1M +17.0% 3M +37.3% 1Y +205.3% FLAT
Target $86
CECO Environmental Corp. (CECO) has a strong buy rating from analysts, with a median price target of $86, and has seen significant insider activity with a 41.2x minute spike and an insider score of 80. The stock has delivered impressive returns, with 1M +17.0%, 3M +37.3%, and 1Y +205.3%. However, with a composite score of 68/100 and a flat trend, the market may be overpricing CECO's growth prospects.
STO 1 Cash-Producing Stock to Own for Decades and 2 We Avoid
STO 3 Services Stocks for Long-Term Investors
STO 2 High-Flying Stocks with Impressive Fundamentals and 1 We Turn Down
Options · Portfolio · Actionable Picks
Analyst Moves
10:14 ET
Ticker Rating Buy / Hold / Sell Period
AVGO Buy 53 / 4 / 0 2026-05-01
NVDA Buy 66 / 4 / 1 2026-05-01
WMT Buy 44 / 4 / 0 2026-05-01
AMZN Buy 72 / 6 / 0 2026-05-01
MSFT Buy 60 / 6 / 0 2026-05-01
GOOGL Buy 62 / 8 / 0 2026-05-01
META Buy 64 / 9 / 0 2026-05-01
AAPL Buy 39 / 13 / 2 2026-05-01
IPO Calendar
10:14 ET
Date Company Range Size
May 29 FISN DEEP FISSION, INC. — $179M
Jun 03 AADX Applied Aerospace & Defense, Inc. — $785M
Jun 04 INIO INNIO Holding GmbH — $2.3B
Jun 04 SSMR Sunshine Silver Mining & Refining Co — $380M
Jun 04 QNT Quantinuum Inc. — $1.2B
Jun 04 SFPT Safepoint Holdings, Inc. — $326M
Jun 05 WHK WhiteHawk Income Corp — $215M
Congressional Trades
3 disclosures · 14d
US Senate & House financial disclosures · STOCK Act · FMP
Member Ticker Type Amount
Jake Auchincloss STT Sale $15,001 - $50,000
Jake Auchincloss STT Sale $15,001 - $50,000
Tim Moore T Purchase $15,001 - $50,000
Market Movers
FMP real-time
Top Gainers
ATPC +105.3% $5.85 MASK +69.6% $2.34 ASTC +57.9% $21.81 CODX +56.3% $11.41 UMAC +52.4% $28.69
Top Losers
SUGP -41.4% $1.56 ZCMD -36.8% $0.98 PLAB -32.9% $35.90 RAY -25.6% $2.62 GMM -25.2% $0.14
Unusual Options Volume
15 scanned · 10:14 ET
Ticker Total Vol Calls Puts P/C Hottest Strike
SPY 373,651 150,385 223,266
1.48
$750C 32,923 vol
SPY: Elevated put buying, P/C=1.48, suggests protective hedge or bearish bet.
QQQ 302,847 136,365 166,482
1.22
$731C 20,415 vol
QQQ: Moderate put bias, P/C=1.22, mixed flow, no clear directional signal.
NVDA 243,806 179,396 64,410
0.36
$215C 45,567 vol
NVDA: Aggressive call buying, P/C=0.36, hottest $215C, bullish bet or gamma squeeze setup.
TSLA 172,917 118,441 54,476
0.46
$890C 38,533 vol
TSLA: Call-heavy flow, P/C=0.46, $890C leads, bullish positioning or speculative bet.
AMD 36,094 19,180 16,914
0.88
$535C 1,696 vol
AMD: Near-neutral P/C=0.88, low vol, no clear directional signal.
Income Plays
10:09 ET
AMD CC Best Quality Very High · max 3% $816B · Earnings Aug 04
$530C 23 DTE +69.9% ann. +8.0% OTM Δ 0.07 POP 93%
Cathie Wood sold $16M of AMD stock, which is surging, according to a report on thestreet.com.
MXL CC Craziest Return Moderate · max 1.5% $9B · Earnings Jul 22
$100C 23 DTE +228.9% ann. +7.3% OTM Δ 0.09 POP 91%
MaxLinear Inc (MXL) stock is down 3.1% amid a new deal with GCT aimed at accelerating 5G home and office internet.
ARM CC Safest High · max 2% $344B · Earnings Jul 29
$345C 31 DTE +67.2% ann. +13.9% OTM Δ 0.07 POP 93%
ARM is surging due to increased CPU demand driven by Nvidia's Vera, while also facing a potential US antitrust probe over chip technology.
Portfolio Hedge
SPY $751 · QQQ $729 · VIX 16.1
Optimal single-put hedge for a $100K portfolio · β-matched sizing for uniform protection across -5% to -20% · roll every 60 days
✓ VIX 16.1 — Below 22.0 threshold. Puts are cheap — good time to hedge.
SPY Puts
Profile Strike Exp Qty Prem Cost Ann %
Defensive
β=0.65
$740P 63d 1 $13.82 $1,382 8.0%
Balanced ●
β=0.85
$760P 63d 1 $21.98 $2,198 12.7%
Aggressive
β=1.10
$730P 63d 2 $11.05 $2,210 12.8%
Scenario: 1× SPY $760P 63d (β=0.85 portfolio)
Scenario SPY Coverage NLV
Pullback -5% $713 110% $98,243
Correction -10% $676 99% $97,746
Bear leg -15% $638 96% $97,249
Crash -20% $600 94% $96,752
QQQ Puts
Profile Strike Exp Qty Prem Cost Ann %
Defensive
β=0.65
$720P 63d 1 $21.51 $2,151 12.5%
Balanced ●
β=0.85
$745P 63d 1 $32.98 $3,298 19.1%
Aggressive
β=1.10
$710P 63d 2 $17.95 $3,590 20.8%
Scenario: 1× QQQ $745P 63d (β=0.85 portfolio)
Scenario QQQ Coverage NLV
Pullback -5% $693 122% $97,658
Correction -10% $656 104% $97,055
Bear leg -15% $620 98% $96,452
Crash -20% $584 95% $95,849
One near-ATM put per 100 shares of β-adjusted exposure · roll at 30d remaining · near-ATM strikes provide uniform -5% to -20% coverage unlike OTM ladders · 10:09 ET
May 2026 Picks — SD50 Portfolio (MTD)
May 01 – May 28 (MTD) · Hit rate: 28/50 · Avg return: +5.3% · YTD: +27.7%
Systematic monthly portfolio · 5 low-correlation signal streams spanning large-cap quality, broad-universe value, thematic momentum, high-volatility mean-reversion, and static hedges · multi-timeframe scoring across 7,000+ symbols · no discretionary overrides
 
Live Track Record · since 2025-07 · 10 months
Return +69.6% Ann. 88.5% Sharpe 3.62 Max DD -5.5%
Win% 90% Alpha +68.6% SPY +16.3% $100K → $169,589
Full backtest · 2006-03–2026-04 · 239 months
Total 9,766% Ann. 25.9% Sharpe 1.40 Max DD -43.6%
Win% 66% Alpha +15.5% SPY 616% $100K → $9,865,673
Growth of $100K — SD50 Portfolio vs benchmarks
Chart not visible? View on web
Ticker Wt% Return
AVGO 6.4% -0.6%
KLAC 6.1% +9.8%
FBLA 5.6% +0.9%
GOOGL 5.4% +0.6%
WMT 5.4% -9.7%
BWET 4.5% -7.1%
GEV 4.5% -6.1%
SNDK 4.1% +34.3%
OKLO 4.0% -4.6%
WELL 3.6% -1.5%
TRP 3.3% +2.0%
PH 2.9% -4.7%
WTS 2.9% +4.3%
AMG 2.9% +3.8%
BIIB 2.9% +4.4%
HWKN 2.6% -4.8%
QLTY 2.2% +3.5%
MU 2.1% +67.8%
CRDO 2.0% +16.4%
L 1.9% -5.1%
CASY 1.8% -5.0%
GVA 1.8% -2.4%
BE 1.6% -1.0%
CTRE 1.3% +5.5%
AMZN 1.2% -0.2%
 
Ticker Wt% Return
ALAB 1.2% +65.2%
VFLO 1.1% +4.8%
LAR 1.1% -0.8%
INBX 1.1% -21.2%
PL 1.1% +30.1%
VICR 1.0% +24.3%
MIRM 1.0% +0.0%
APGE 1.0% -3.7%
ARGX 1.0% +5.6%
HWM 1.0% +6.7%
LWLG 0.9% -28.4%
AAOI 0.9% -6.5%
HLT 0.8% +4.8%
RMBS 0.5% +31.0%
AHR 0.5% -0.3%
MO 0.4% -2.8%
MDLZ 0.4% +1.5%
GRMN 0.2% -4.1%
NVDA 0.2% +7.4%
MSFT 0.2% +3.0%
LLY 0.2% +16.7%
AAPL 0.2% +11.0%
TSLA 0.2% +12.1%
BRK.B 0.2% +1.5%
META 0.2% +5.3%
Important Disclosures
The MOS Regime Inference is powered by a proprietary quantitative engine utilizing a Mixture-of-Experts (MoE) Hidden Markov Model ensemble. It combines Bayesian probabilistic state detection with deep learning sequence models across dozens of cross-asset features to identify structural market shifts and early-warning crisis indicators. This model is experimental and subject to inherent statistical uncertainties.
Timing. The issue date above is the publication (send) date. The regime badge, regime_latest.json snapshot, and embedded regime timeline chart are produced when this issue is built: we run hmm_validation_suite.py --inference at the start of that pipeline using the latest trading rows then available in the price cache (often through the prior U.S. session close when today’s full session bar is not yet in the panel). Running inference again later the same day can change SPY, VIX, PBT, and leverage readouts. The timeline chart is a rolling ~90-day view frozen at send time; back-to-back archived issues can look very similar when history overlaps.
This newsletter is for informational and educational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Options trading involves substantial risk of loss and is not suitable for all investors. Past performance, including backtested results, does not guarantee future returns. Backtested performance has inherent limitations: it is constructed with the benefit of hindsight, does not reflect actual trading, and may not account for all market conditions, transaction costs, or liquidity constraints. The author may hold positions in securities mentioned. All data is believed reliable but accuracy is not guaranteed. Consult a licensed financial advisor before making investment decisions.
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MOS · EST. 2025 · NEW YORK
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