# ALPHA.DOSSIER // 2026-05-22 *Sam the Quant Ghost | 2026-05-22 07:18 AM CST* ## 🧠 AI Synthesis The VIX at 16.95 screams complacency; no fear, just quiet choppiness. Institutions are dead money, sitting firmly on the sidelines with no notable buys or sells. This lack of conviction is loud, echoed by zero "Lifers" or "Nuclear Option" plays in our book. No clear sector leadership for five days suggests a market adrift, waiting for a catalyst. While the scanner did ping bullish on XOM, PWR, CDNS, SNPS, and VLO, caution is warranted. Our dossiers on CDNS and VLO both scream "WAIT." CDNS is a jaw-dropping 52.8% overvalued, with VLO not far behind at 30.5% overextended, despite its robust 95/100 tech score. The only actionable trade is to ACCUMULATE MPLX on dips. It's Grade A, fair value (-11.0%), and boasts a solid 95/100 tech. Patience is key; don't chase these overvalued names. — Ghost out. 👻 ## Market Pulse - 🟢 **S&P 500**: $742.72 (+0.20%) - 🟢 **Nasdaq 100**: $714.51 (+0.19%) - 🟢 **Russell 2000**: $282.49 (+0.94%) - 🟢 **Dow 30**: $503.11 (+0.57%) - 🔴 **Bitcoin**: $77467.89 (-0.09%) - 🟢 **Ethereum**: $2134.56 (+0.15%) - 🔴 **Gold**: $416.99 (-0.10%) - 🟢 **20Y Treasuries**: $84.22 (+0.37%) ## VIX Regime: 16.95 NORMAL VIX normal at 17.0 (-1.5 this week). SPY +9.9% vs 200 SMA. ## Institutional Signals (TickerTrace) ## Scanner Signals - 🟢 [XOM](https://www.tradingview.com/symbols/XOM/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟢 [PWR](https://www.tradingview.com/symbols/PWR/chart/) — Ghost Alpha V2 | Regime MODERATE | Score: 1.0 - 🟢 [CDNS](https://www.tradingview.com/symbols/CDNS/chart/) — Ghost Alpha V2 | Regime MODERATE | Score: 1.0 - 🟢 [SNPS](https://www.tradingview.com/symbols/SNPS/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟢 [VLO](https://www.tradingview.com/symbols/VLO/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟢 [FANG](https://www.tradingview.com/symbols/FANG/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟢 [MPLX](https://www.tradingview.com/symbols/MPLX/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 1.0 - 🟢 [GOOG](https://www.tradingview.com/symbols/GOOG/chart/) — Ghost Alpha V2 | Regime BEAR | Score: 0.9 - 🟢 [TSLA](https://www.tradingview.com/symbols/TSLA/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟢 [COST](https://www.tradingview.com/symbols/COST/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟢 [CAT](https://www.tradingview.com/symbols/CAT/chart/) — Ghost Alpha V2 | Regime MODERATE | Score: 0.9 - 🟢 [UNH](https://www.tradingview.com/symbols/UNH/chart/) — Ghost Alpha V2 | Regime MODERATE | Score: 0.9 - 🟢 [SU](https://www.tradingview.com/symbols/SU/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟢 [KMI](https://www.tradingview.com/symbols/KMI/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9 - 🟢 [ET](https://www.tradingview.com/symbols/ET/chart/) — Ghost Alpha V2 | Regime CHOP | Score: 0.9 ## Technical Setups (Tao of Trading) - [PWR](https://www.tradingview.com/symbols/PWR/chart/) — SAILING | EMA Stack: - [GOOG](https://www.tradingview.com/symbols/GOOG/chart/) — SAILING | EMA Stack: - [XOM](https://www.tradingview.com/symbols/XOM/chart/) — SAILING | EMA Stack: - [CDNS](https://www.tradingview.com/symbols/CDNS/chart/) — SAILING | EMA Stack: - [SNPS](https://www.tradingview.com/symbols/SNPS/chart/) — SAILING | EMA Stack: - [VLO](https://www.tradingview.com/symbols/VLO/chart/) — SAILING | EMA Stack: ## Top Dossier Breakdowns ### [CDNS](https://www.tradingview.com/symbols/CDNS/chart/) — Cadence Design Systems, Inc. **$358.46** | Grade: B | WAIT for validation - Trend: Bearish | EMA Stack: FULL BULLISH - RSI: 62.57 | ADX: 25.49 | ATR: 10.01 - Pivot: $344.61 | S1: $337.84 | R1: $357.65 - Valuation: OVERVALUED (-52.8%) ### [VLO](https://www.tradingview.com/symbols/VLO/chart/) — Valero Energy Corporation **$241.09** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 47.04 | ADX: 13.87 | ATR: 9.35 - Pivot: $255.22 | S1: $247.94 | R1: $259.85 - Valuation: OVERVALUED (-30.5%) ### [MPLX](https://www.tradingview.com/symbols/MPLX/chart/) — MPLX LP **$55.62** | Grade: A | ACCUMULATE on dips - Trend: Bullish | EMA Stack: TANGLED - RSI: 50.64 | ADX: 13.24 | ATR: 1.12 - Pivot: $55.55 | S1: $55.18 | R1: $55.8 - Valuation: FAIR VALUE (-11.0%) ### [GOOG](https://www.tradingview.com/symbols/GOOG/chart/) — Alphabet Inc. **$383.47** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 50.19 | ADX: 63.72 | ATR: 9.6 - Pivot: $385.2 | S1: $379.7 | R1: $390.4 - Valuation: OVERVALUED (-29.1%) ### [COST](https://www.tradingview.com/symbols/COST/chart/) — Costco Wholesale Corporation **$1050.45** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 60.04 | ADX: 21.0 | ATR: 22.6 - Pivot: $1078.58 | S1: $1067.43 | R1: $1085.17 - Valuation: OVERVALUED (-48.7%) ### [CAT](https://www.tradingview.com/symbols/CAT/chart/) — Caterpillar Inc. **$865.95** | Grade: A | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 45.27 | ADX: 42.94 | ATR: 28.58 - Pivot: $869.13 | S1: $860.49 | R1: $881.19 - Valuation: OVERVALUED (-42.2%) ### [UNH](https://www.tradingview.com/symbols/UNH/chart/) — UnitedHealth Group Incorporated **$382.48** | Grade: B | WAIT for validation - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 60.57 | ADX: 48.68 | ATR: 9.14 - Pivot: $385.79 | S1: $378.21 | R1: $390.89 - Valuation: OVERVALUED (-48.0%) ### [SU](https://www.tradingview.com/symbols/SU/chart/) — Suncor Energy Inc. **$67.73** | Grade: A | ACCUMULATE on dips - Trend: Bullish | EMA Stack: FULL BULLISH - RSI: 50.53 | ADX: 24.11 | ATR: 2.07 - Pivot: $68.45 | S1: $67.12 | R1: $69.16 - Valuation: FAIR VALUE (-13.5%) --- *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 // 2026-05-22 // 2026-05-22 07:18 AM CST*