AI Trade — Sold the Builders, Bought the Users

Thursday’s sell-off had an address. It hit the companies that build AI hardware and the giants that pay for it — and stopped almost exactly where AI stops being a cost and starts being a service.

In this edition · closes 2026-10-22

IGV-0.10 (-0.09%)EPAM+4.67 (+3.49%)TLT+1.50 (+1.87%)BNO+1.86 (+2.77%)XLE-0.59 (-0.87%)QQQ-20.73 (-2.86%)SLB-1.55 (-3.03%)

Pattern alerts

• ACNai-users-bid-plus-7-7-on-chip-washout-dayBULLISH

• LRCXequipment-washout-minus-11-8-deep-below-sold-lineWARNING

• GLDgold-sold-2-6-on-risk-off-day-2-5-above-52-week-lowWARNING

One rung belo…