Themes / Group
Inactive · established relationshipLatest completed snapshot · 04:10 ET

MARKET-DISCOVERED GROUP

Semiconductor Manufacturing

THE TRADER READRecurring relationship, inactive in the latest snapshot

7 of 11 measured SPY-adjusted paths align to the downside across 6.0 effective names. Capital-flow agreement is 2%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth9 up · 1 down-0.2% median path versus SPY
Capital-flow alignment2%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 16/100 · lift 0.8×
Evidence depth3 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 09:40–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceCAMT registered the first material upside path

    +1.28% session path at the threshold · CAMT

  2. 5-minute inferenceONTO registered a material upside path

    +0.78% session path at the threshold · ONTO

  3. 5-minute inferenceASX registered a material downside path

    -0.42% session path at the threshold · ASX

  4. 5-minute inferenceTSM registered a material downside path

    -0.50% session path at the threshold · TSM

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

SPY-adjusted 5m paths

Observed movement is balanced across 6.0 effective names. CAMT represents 30.0% of absolute path energy; 7 of 11 members align with the down relative path.

ConstructionBalanced30.0% from the largest path
Effective names6.0 / 11Movement diversity after concentration
Direction breadth7/11 aligneddownside relative path · 3 counter-moving
Largest moverCAMT 30.0%46.8% from the top two paths
CAMT30.0%Dominant mover · path +1.87% · basket +0.17pp
AMAT16.8%Aligned contributor · path -1.05% · basket -0.10pp
ASML14.7%Aligned contributor · path -0.92% · basket -0.08pp
ONTO10.7%Counter-move · path +0.67% · basket +0.06pp
GFS7.6%Aligned contributor · path -0.48% · basket -0.04pp
ENTG5.7%Aligned contributor · path -0.36% · basket -0.03pp
KLAC5.3%Aligned contributor · path -0.33% · basket -0.03pp
ASX3.9%Aligned contributor · path -0.24% · basket -0.02pp
NVMI3.1%Counter-move · path +0.19% · basket +0.02pp
TSM2.1%Aligned contributor · path -0.13% · basket -0.01pp
LRCX0.0%Flat / inactive path · path +0.00% · basket +0.00pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. CAMT moved higher firstFirst member to clear the material path threshold · path +1.28%
  2. ONTO registered a material higher path10m after the first price move · path +0.78%
  3. ASX registered a material lower path10m after the first price move · path -0.42%
  4. TSM registered a material lower path10m after the first price move · path -0.50%
  5. AMAT registered a material lower path35m after the first price move · path -0.53%
  6. ENTG registered a material lower path35m after the first price move · path -0.81%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

SPY-adjusted
Aug 25 · 09:40 ETMove visible 10:20 ETAug 25 · 15:55 ET
Group median -0.24%Strongest relative path CAMTWeakest relative path AMAT

Observed member paths adjusted against SPY. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

No high-confidence shared filing driver is available. The market relationship is observed, but the cause remains unexplained.

CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

QNot confirming

LRCX · text peer

VECONot confirming

KLAC · text peer

ACMRNot confirming

ENTG · text peer

ASYSNot confirming

ENTG · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
NVMITSMCAMTGFSENTGASXKLACASMLONTOLRCXAMAT

6/11 active10 rising · 1 falling

MemberUnusual activityToday's moveRead now
NVMINova Ltd.
Most unusual · 100/100
+1.5%
Counter-move / dispersionActive in 0% of observed group sessions
TSMTaiwan Semiconductor Manufacturing Company Limited
Elevated · 79/100
+1.7%
Aligned path contributorActive in 0% of observed group sessions
CAMTCamtek Ltd.
Elevated · 79/100
+3.2%
Dominant path moverActive in 0% of observed group sessions
GFSGLOBALFOUNDRIES Inc.
Elevated · 73/100
+0.0%
Aligned path contributorActive in 0% of observed group sessions
ENTGEntegris, Inc.
Elevated · 73/100
+0.4%
Aligned path contributorActive in 0% of observed group sessions
ASXASE Technology Holding Co., Ltd.
Elevated · 68/100
+2.4%
Aligned path contributorActive in 0% of observed group sessions
KLACKLA Corporation
Quiet · 52/100
+1.0%
Watch / laggardActive in 0% of observed group sessions
ASMLASML Holding N.V.
Quiet · 52/100
+0.2%
Watch / laggardActive in 0% of observed group sessions
ONTOOnto Innovation Inc.
Quiet · 45/100
+3.1%
Watch / laggardActive in 0% of observed group sessions
LRCXLam Research Corporation
Quiet · 0/100
+1.4%
Watch / laggardActive in 0% of observed group sessions
AMATApplied Materials, Inc.
Quiet · 0/100
-1.0%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
NVMINova Ltd.Most unusual+1.5%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
TSMTaiwan Semiconductor Manufacturing Company LimitedParticipating+1.7%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
CAMTCamtek Ltd.Participating+3.2%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
GFSGLOBALFOUNDRIES Inc.Participating+0.0%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
ENTGEntegris, Inc.Participating+0.4%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
ASXASE Technology Holding Co., Ltd.Participating+2.4%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
KLACKLA CorporationQuiet / lagging+1.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
ASMLASML Holding N.V.Quiet / lagging+0.2%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
ONTOOnto Innovation Inc.Quiet / lagging+3.1%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
LRCXLam Research CorporationQuiet / lagging+1.4%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
AMATApplied Materials, Inc.Quiet / lagging-1.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support3 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-08-2513 names in the durable cohort
2026-08-2411 names in the durable cohort
2026-08-2111 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AMAT0% · 0 episodes
ASML0% · 0 episodes
ASX0% · 0 episodes
CAMT0% · 0 episodes
ENTG0% · 0 episodes
GFS0% · 0 episodes
KLAC0% · 0 episodes
LRCX0% · 0 episodes
NVMI0% · 0 episodes
ONTO0% · 0 episodes
TSM0% · 0 episodes