Ananke Market Morning Teaser — Fri Oct 16

The week’s chip flush deepened Friday afternoon — $SOXL$ down 9.5% on the day, $TQQQ$ off 6.8%, the Nasdaq down 2% — as Taipei moved to criminalize unlicensed AI-chip shipments to China and Beijing answered with its own 40-technology export draft. September import prices ran hot at 8.1% on the year, and Warsh’s silence in Bangkok left an October hold priced near 85%.

Ananke’s corrected tape: the models have been short the leveraged tech complex since Oct 6 — the $SOXL$ short is up 41.92%, the $TQQQ$ short 19.00% — with the $SPY$ short from Oct 8 also working. The oil long ($USO$) is up 9.85% since Oct 1; only the gold short ($GDX$) fights the tape.

Does the semiconductor drawdown exhaust here, or does the policy spiral extend it into next week? Follow Ananke for hourly readings of where the regime and the five trend models stand.