# ALPHA.DOSSIER // 2026-05-18 *Sam the Quant Ghost | 2026-05-18 08:46 AM CST* ## 🧠 AI Synthesis The VIX is flatlining at 18.49, signaling zero immediate panic, yet institutional activity is a ghost townβ€”no conviction from the big dogs today. We're seeing no clear sector leadership, with the 5-day leaders notably absent. Our scanner, however, is lighting up tech names like **AVGO**, **SNPS**, **CDNS**, and **MCHP**, alongside energy play **MPLX**. No lifers, meaning no sustained trends are gripping the market. Diving into the dossiers, **AVGO** (Grade A) and **CDNS** (Grade B) are absolute CASTLE tier monsters, but they're trading at eye-watering premiums, overvalued by 45.8% and 51.1% respectively. The verdict is a hard "WAIT for validation" or a serious pullback. **MPLX**, a Grade B HOUSE tier play, is the dark horse here, sitting at a -8.7% fair value, making it an "ACCUMULATE on dips." For the risk-on crowd, **KTUP** (leveraged **KTOS**) is on the nuclear option radar with a strong ADX of 33.7. Momentum's there, but it's a Grade B speculative swing. Don't chase froth. β€” Ghost out. πŸ‘» ## Market Pulse - πŸ”΄ **S&P 500**: $738.26 (-0.12%) - πŸ”΄ **Nasdaq 100**: $708.6 (-0.05%) - πŸ”΄ **Russell 2000**: $276.31 (-0.46%) - πŸ”΄ **Dow 30**: $495.09 (-0.06%) - πŸ”΄ **Bitcoin**: $76756.92 (-0.87%) - πŸ”΄ **Ethereum**: $2120.97 (-0.31%) - 🟒 **Gold**: $419.34 (+0.49%) - 🟒 **20Y Treasuries**: $83.69 (+0.04%) ## VIX Regime: 18.49 NORMAL VIX normal at 18.5 (+0.1 this week). SPY +9.5% vs 200 SMA. ## Institutional Signals (TickerTrace) ## Scanner Signals - 🟒 [AVGO](https://www.tradingview.com/symbols/AVGO/chart/) β€” Ghost Alpha V2 | Regime MODERATE | Score: 1.0 - 🟒 [SNPS](https://www.tradingview.com/symbols/SNPS/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟒 [CDNS](https://www.tradingview.com/symbols/CDNS/chart/) β€” Ghost Alpha V2 | Regime MODERATE | Score: 1.0 - 🟒 [MPLX](https://www.tradingview.com/symbols/MPLX/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟒 [MCHP](https://www.tradingview.com/symbols/MCHP/chart/) β€” Ghost Alpha V2 | Regime MODERATE | Score: 1.0 - 🟒 [LLY](https://www.tradingview.com/symbols/LLY/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [CAT](https://www.tradingview.com/symbols/CAT/chart/) β€” Ghost Alpha V2 | Regime MODERATE | Score: 0.9 - 🟒 [AMAT](https://www.tradingview.com/symbols/AMAT/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [KLAC](https://www.tradingview.com/symbols/KLAC/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [MO](https://www.tradingview.com/symbols/MO/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [VRTX](https://www.tradingview.com/symbols/VRTX/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [BMO](https://www.tradingview.com/symbols/BMO/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [MPWR](https://www.tradingview.com/symbols/MPWR/chart/) β€” Ghost Alpha V2 | Regime MODERATE | Score: 0.9 - 🟒 [VLO](https://www.tradingview.com/symbols/VLO/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟒 [MPC](https://www.tradingview.com/symbols/MPC/chart/) β€” Ghost Alpha V2 | Regime CHOP | Score: 0.9 ## Technical Setups (Tao of Trading) - [MCHP](https://www.tradingview.com/symbols/MCHP/chart/) β€” SAILING | EMA Stack: - [CAT](https://www.tradingview.com/symbols/CAT/chart/) β€” SAILING | EMA Stack: - [AVGO](https://www.tradingview.com/symbols/AVGO/chart/) β€” SAILING | EMA Stack: - [SNPS](https://www.tradingview.com/symbols/SNPS/chart/) β€” SAILING | EMA Stack: - [CDNS](https://www.tradingview.com/symbols/CDNS/chart/) β€” SAILING | EMA Stack: - [AMAT](https://www.tradingview.com/symbols/AMAT/chart/) β€” SAILING | EMA Stack: ## Top Dossier Breakdowns ### [AVGO](https://www.tradingview.com/symbols/AVGO/chart/) β€” Broadcom Inc. **$417.83** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 57.06 | ADX: 21.64 | ATR: 16.13 - Pivot: $425.93 | S1: $419.06 | R1: $432.07 - Valuation: OVERVALUED (-45.8%) ### [CDNS](https://www.tradingview.com/symbols/CDNS/chart/) β€” Cadence Design Systems, Inc. **$346.97** | Grade: B | WAIT for validation - Trend: Bearish | EMA Stack: FULL BULLISH - RSI: 69.05 | ADX: 28.52 | ATR: 9.29 - Pivot: $348.31 | S1: $344.61 | R1: $350.93 - Valuation: OVERVALUED (-51.1%) ### [MPLX](https://www.tradingview.com/symbols/MPLX/chart/) β€” MPLX LP **$54.25** | Grade: B | ACCUMULATE on dips - Trend: Bullish | EMA Stack: PARTIAL BEARISH - RSI: 51.37 | ADX: 14.37 | ATR: 1.1 - Pivot: $55.05 | S1: $54.3 | R1: $55.52 - Valuation: FAIR VALUE (-8.7%) ### [LLY](https://www.tradingview.com/symbols/LLY/chart/) β€” Eli Lilly and Company **$992.27** | Grade: A | ACCUMULATE on dips - Trend: Bullish | EMA Stack: PARTIAL BULLISH - RSI: 70.69 | ADX: 29.01 | ATR: 32.79 - Pivot: $1005.57 | S1: $996.76 | R1: $1013.73 - Valuation: FAIR VALUE (-1.9%) ### [CAT](https://www.tradingview.com/symbols/CAT/chart/) β€” Caterpillar Inc. **$871.66** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 58.71 | ADX: 49.13 | ATR: 32.05 - Pivot: $889.41 | S1: $879.1 | R1: $898.63 - Valuation: OVERVALUED (-42.9%) ### [AMAT](https://www.tradingview.com/symbols/AMAT/chart/) β€” Applied Materials, Inc. **$419.16** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 62.48 | ADX: 17.02 | ATR: 18.7 - Pivot: $434.23 | S1: $423.95 | R1: $446.89 - Valuation: OVERVALUED (-43.4%) ### [KLAC](https://www.tradingview.com/symbols/KLAC/chart/) β€” KLA Corporation **$1758.19** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 46.07 | ADX: 12.87 | ATR: 83.78 - Pivot: $1817.46 | S1: $1789.42 | R1: $1832.36 - Valuation: OVERVALUED (-53.7%) ### [MO](https://www.tradingview.com/symbols/MO/chart/) β€” Altria Group, Inc. **$73.19** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 64.78 | ADX: 41.56 | ATR: 1.74 - Pivot: $72.82 | S1: $72.51 | R1: $73.41 - Valuation: OVERVALUED (-35.2%) --- *This report is for informational and educational purposes only. Not financial advice. Trade at your own risk. Past performance does not guarantee future results.* *Generated by Ghost Alpha Dossier Pipeline // 2026-05-18 // 2026-05-18 08:46 AM CST*