Weekly Signal · · 12 min read
In this edition
One signal to define the week and shape the month. Three minutes, six questions. Every Sunday at 21:00 CET — scored the next.
25 October 2026 · stock and bond closes through Fri Oct 23.
0 · Last week, scored
Verdict: the July low held on the close — by 2.71 dollars; the analog half of the fund held through Texas Instruments' report; the AI-connectivity names split.
Last Sunday's signal was the second tier of the chip industry: the equal-weight chip fund XSD back at its July low, a second leg down that we expected to end slowly, and the editor's note that he sees it as a major buying opportunity. The fund's lowest close of the week was 452.12 on Thursday, in the day the chip funds fell 6 to 7 percent; the July close of 449.41 held, by 2.71. Intraday it traded at 446.54, under the line. It finished the week at 453.75, down 1.8%, under the editor's line near 461. The named test came in: Texas Instruments reported a third-quarter revenue of 6.06 billion dollars, about 28% more than a year earlier, and earnings of 2.62 dollars a share against about 2.41 expected, with a fourth quarter guided roughly flat. The stock rose 3.0% on the week; NXP rose 2.4% and Skyworks 4.7%. Of the AI-connectivity names, Credo made a new low; MaxLinear, Astera Labs and Semtech did not.
Table as text
| Level set last Sunday | Line | This week | Scored |
|---|---|---|---|
| Chip stocks, equal weight (XSD) | 449.41 / about 461 | 452.12 lowest close, 453.75 Friday, −1.8% | July low held on the close; 461 lost |
| Chip stocks, 30 largest (SOXX) | 465.00 / 537.33 | 475.69 lowest close, 478.20 Friday, −3.1% | July low held |
| Texas Instruments (the test) | the outlook | revenue $6.06bn (+28%), EPS 2.62 vs about 2.41; stock +3.0% | analog half held |
| Credo · MaxLinear · Astera Labs · Semtech | new lows? | Credo 147.29, a new low; the other three above their lows | split |
| Nasdaq 100 fund (QQQ) | 704.54 | 704.47 Thursday, 704.40 Friday | touched — closed 7 and 14 cents under |
| S&P 500 fund (SPY) | 768.50 / 779.09 | 759.97 Friday, −0.4% | under the 50-day |
| US 10-year yield | 5.0% / 5.31% | 5.00% Friday | on the line |
Closelooknet data lake · Friday closes through Oct 23 · Texas Instruments from its SEC filing (Form 8-K, 21 October) · a level is “taken” on a closing basis.
C — free account
The free C account unlocks the full Weekly Signal — the complete read and its scoring.
One tap with Google or one email — no password, no card. You are signed in until you sign out, on this browser, from then on.
Join the Look — freeAlready joined on this browser? The full edition shows automatically — if it doesn't, sign in again here. Looking for the archive, portfolios and realtime? That is C+.