Temperature 62 — Euro-AI leads broad multi-week rally

🟡 Temperature 62 — risk-on but uneven. Eight instruments, four up hard, the rest mixed.

Euro-AI 50 led the tape: +3.15% on the day, +9.63% on the week, +23.12% on the month. The one-month figure points to sustained accumulation in European AI-exposed names, not a single-session catalyst. AW25 added 2.15% today, +7.91% on the week. HALO 100 rose 1.79%. Rubin 100 added just 0.36% intraday — though its +38.82% one-month return remains the most striking number in the complex, and the clearest sign of how much of the infrastructure build-out has already repriced.

The Pattern Scanner logged 25 active signals, with the top five all clustering around support-confluence reads. AZN, JNJ and NOW are flagged in yellow or green regimes — defensives and high-quality software finding floors. NOC and MCD carry red regime labels at their confluence levels: names testing support under deteriorating conditions rather than staging recoveries. Modal pattern is support-confluence, not breakout — the tape is consolidating, not extending.

Cointegration shows zero active pairs against seven recent breaks. Relationships that held through prior regimes are dissolving faster than new ones are being established — a structural sign of sector correlations rotating, not just compressing.

Forward attention sits on Euro-AI 50 holding into Friday's close: its one-week +9.63% is stretched relative to the one-month pace and is the natural place for profit-taking to land. The cointegration break count is the quieter signal — if new pairs fail to form over the next several sessions, mean-reversion strategies lose their statistical anchor.