Day one of the trendline test goes to the bounce — all four semi funds green with SOXX back above 505

In this edition

The Midday 10 Tue, Aug 25, 2026 ~60 seconds 12:30 ET

A green tape by midday with the leadership exactly inverted from Monday: the semiconductor complex that closed on its April trendline yesterday is the session's leader, defensives and staples are the drag, and the index gains are modest while the rotation underneath is pronounced.

US midday, intraday quotes (delayed)

  1. Uranium Energy Corp.
  2. IREN Limited
  3. Bloom Energy Corporation
  4. Albemarle Corporation
  5. Lululemon Athletica Inc.
  6. Deckers Outdoor Corporation
  7. ETF Board
  8. Low Volatility (SPLV) / 50-day average
  9. Intuit
  10. Morning follow-up: the trendline answers first

The ten lines

  1. 1

    UP Uranium Energy Corp.

    UEC

    UEC adds 6.12% to 13.27 by midday, leading the uranium complex higher. No single headline is confirmed in the facts, but the move sits alongside broad energy-infrastructure names catching a bid.

  2. 2

    UP IREN Limited

    IREN

    IREN is up 5.70% to 42.08, trading with the high-beta digital-infrastructure cohort. The move extends what has been a volatile but upward-leaning range for the name.

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  4. 3

    UP Bloom Energy Corporation

    BE

    BE rises 6.14% to 216.54 by midday, the third power-adjacent name among the top gainers. The clustering of UEC, IREN, and BE at the top of the tape makes energy infrastructure the session's clearest single-name theme outside the chips.

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C · line 11 · members

Today in line 11: the two closes that decide whether the midday bounce survives — SOXX at the trendline and LULU at its 50-day — before Intuit tonight and Nvidia Wednesday take over.

The privileged, actionable read — what we do, and at which level — is in line 11, for members only.

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Further reading on Closelook

Ten lines on the US midday tape, not advice — an investment diary. Published every trading day at 12:30 ET. See The Morning 10 and the Daily Pulse.