What changed this week 19 Oct 2026
The figures on each site change every morning. This issue lists only what changed in the week since 12 Oct 2026.
In three lines
- No premise call changed from last week.
- No new tender offer or MBO was filed.
- 4 names turned oversold (Vertiv, JX Advanced Metals, Magmag, Inc. and others).
Premise calls
| Site | Call | Why |
|---|---|---|
| AI Cycle Watch | ● Case holds | none of the 5 warning signs lit |
| Gold Premise Watch | ▲ Watch | 1 of 4 warning signs lit |
| Gold Miners Watch | ● Case holds | 4 of 5 conditions for miners to beat gold hold |
| Power Watch | ● Case holds | Power demand is growing faster than generation and the grid can keep up |
| US–China AI Race Watch | ● Case holds | The US leads on chips, China leads on power |
| Supercycle Check | ▲ Watch | prices are rising, but a new supercycle has not clearly begun |
| Yen & Rates Watch | ▲ Watch | The weak yen holds but is wobbling: 2 of the three checks point toward a stronger yen |
New tender offers and MBOs
No deal was filed this week.
Key figures (last week → this week)
| Site | Item | Value | |
|---|---|---|---|
| AI Cycle Watch | 46 months since ChatGPT | 2.39x → 2.28x | Nasdaq; 1999: 2.54x |
| NVIDIA vs GDP | 17.0% → 15.8% | Cisco in 2000: 5.5% | |
| Gold Miners Watch | GDX beta to gold | 1.82x → 1.88x | last 52 weeks |
| Gold Premise Watch | Gold futures | $4,216 → $4,181 | |
| Timing Watch | Oversold today | 11 → 6 | of 177 |
| Overheated today | 2 → 3 | of 177 | |
| Yen & Rates Watch | USD/JPY | ¥158.28 → ¥157.91 | a year ago ¥150.12 |
| 10-year JGB | 3.09% → 2.95% | highest since 2026 |
Newly oversold or overheated
| Name | Group | Call |
|---|---|---|
| Vertiv | Power | Oversold |
| JX Advanced Metals | Power | Oversold |
| Magmag, Inc. | TOB candidates | Oversold |
| Hess Midstream LP | Value | Oversold |
| Academy Sports & Outdoors, Inc. | Value | Overheated |
| Signet Jewelers Ltd | Value | Overheated |
How the calls are made and how far to trust them: Timing Watch evidence
Value Watch: in and out
Added
- Gamecard Holdings,Inc.(旧英訳名 Gamecard-Joyco Holdings,Inc.)(注)2025年6月19日開催の定時株主総会の決議により、2025年10月1日か ら会社名及び英訳名を上記の通り変更いたしました。 #8 in Japan · EV/EBIT 2.6x
- JGC HOLDINGS CORPORATION #30 in Japan · EV/EBIT 4.4x
- Lci Industries #19 in the US · EV/EBIT 8.9x
- Hess Midstream LP #28 in the US · EV/EBIT 9.9x
Dropped
- NIFCO INC.
- ANTERO RESOURCES Corp
Past issues
- 9 Nov 2026 No premise call changed from last week.
- 2 Nov 2026 Premise calls changed: AI Cycle Watch Holds → Watch; Gold Miners Watch Watch → Holds.
- 26 Oct 2026 Premise calls changed: Gold Miners Watch Holds → Watch.
- 12 Oct 2026 Premise calls changed: Yen & Rates Watch Holds → Watch.
- 5 Oct 2026 No premise call changed from last week.
- 1 Oct 2026 Premise calls: 5 hold, 2 on watch, 0 broken (compared week by week from this issue on).
Built mechanically every Monday morning from each site's own data (no AI). Not investment advice.