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The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 1 of 7: the cover: the story — chips lead a broad bounce; at the 4:00 PM ET close the Nasdaq-100 fund rose 1.11%, the S&P 500 fund 0.71% and the Dow fund 0.31%, all versus Friday's close; in 30 seconds: chip stocks led a wide rally, 79% of the names in our universe finished higher and the VIX fell 5.45%; Monday answered yes to the Daily Question; the Fed meeting starts Tuesday and the heaviest reports come Wednesday and Thursday; decision block: VIX −5.45% on the day, 79% up and 21% down in our names, next catalyst the Fed decision Wednesday, October 28; markets: S&P 500 fund +0.71%, Nasdaq-100 fund +1.11%, Dow fund +0.31%, VIX −5.45%, oil −1.71%, dollar +0.21%, gold +0.45%, Bitcoin −0.36%; today's Engine List: ADBE, NVDA, ENB, AMZN, AAPL, PANW and NET.
Page 1 — The cover — the story: chips lead a broad bounce, and the Warren Buffett quote of the day is on page 6.
The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 2 of 7: the story: chips lead a broad bounce, at the 4:00 PM ET close the Nasdaq-100 fund rose 1.11%, the S&P 500 fund 0.71% and the Dow fund 0.31%, all versus Friday's close; the Daily Question, answered: this morning we asked, does the Nasdaq close higher today than it did on Friday? Yes — the Nasdaq Composite closed up 0.82% from Friday's close, answered yes at the 4:00 PM ET close; investors were willing to hold tech into the week's big reports; the brief: a broad up day led by tech, chip stocks bounced after last week's slide, fear eased, and most of our universe moved higher together; into tomorrow the Fed's two-day meeting starts Tuesday with the decision Wednesday, October 28, and consumer confidence comes at 10:00 AM ET Tuesday; the macro strip: S&P 500 fund +0.71%, Nasdaq-100 fund +1.11%, Dow fund +0.31%, VIX −5.45%, oil −1.71%, dollar +0.21%, gold +0.45%, Bitcoin −0.36%.
Page 2 — The Daily Question, answered — does the Nasdaq close higher today than it did on Friday? Yes, the Nasdaq Composite closed up 0.82%.
The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 3 of 7: the market story in plain words: chips led the way — chip and chip-equipment names were among the day's biggest gainers, a bounce after last week's slide; the rally was wide, not narrow — about 79% of our universe rose and fear eased, with the VIX down 5.45%; the Dow lagged — the Dow fund rose only 0.31%, a smaller gain than this morning's futures pointed to; what changed since the morning: S&P 500 +0.29% this morning (pre-open) to +0.71% now, Nasdaq-100 +0.20% to +1.11%, Dow +0.44% to +0.31%, VIX −1.08% to −5.45%, oil −2.28% to −1.71%, dollar +0.05% to +0.21%, gold +0.62% to +0.45%, Bitcoin +0.15% to −0.36%; since this morning the stock gains grew, led by tech, while the Dow, oil and gold moves shrank and bitcoin turned lower.
Page 3 — The market story in plain words — chips led, the rally was wide, the Dow lagged — and what changed since the morning.
The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 4 of 7: Today's Standout: a line chart of change since the April 23 close, daily closes to Oct 26 — Texas Instruments (TXN) +5.6% and the S&P 500 fund (SPY) +8.0% over that span; Texas Instruments (TXN) up 4.72% on a broad up day — it reported last Wednesday: quarterly sales up 28% from a year earlier and a fourth-quarter outlook above expectations; the business: its chips manage power and turn real-world signals into data for factories, cars and data centers, sales grew 13.0% last fiscal year and about 35 cents of each sales dollar turns into free cash flow; today +4.72%, five days +7.96%, sales growth +13.0%, gross margin 57.0%, free cash flow 35.2%, forward P/E 25.7x.
Page 4 — Today's Standout — Texas Instruments (TXN), up 4.72% on a broad up day, with its chart since the April 23 close.
The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 5 of 7: the Engine List: today's Engine List — ADBE, NVDA, ENB, AMZN, AAPL, PANW and NET; today's change: Adobe −1.97%, Nvidia +2.39%, Enbridge +0.23%, Amazon +0.44%, Apple −1.10%, Palo Alto Networks +2.60%, Cloudflare +1.88%; these are the names our process flagged for research this morning, not recommendations — five of the seven finished higher; breadth in our universe: at the 4:00 PM ET close, 47% of the names in our universe were above their 50-day average, about 79% of our names rose today and 21% fell; market health: VIX −5.45% on the day, fear eased into the close; up vs down in our names 79% up and 21% down at the 4:00 PM ET close; next catalyst the Fed decision Wednesday, October 28.
Page 5 — The Engine List — ADBE, NVDA, ENB, AMZN, AAPL, PANW and NET with today's change for each — breadth in our universe and market health.
The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 6 of 7: what Pro members see: a full page for every Engine List name, with charts and setups; the names we keep an eye on this week, with what would change our view on each; the full earnings radar for the week's biggest reports; into tomorrow: the Fed meeting starts — the two-day meeting begins Tuesday, the decision and the press conference come Wednesday, October 28; data: consumer confidence and new home sales, both at 10:00 AM ET Tuesday; earnings: one of our covered names reports before Tuesday's open, the heaviest run of reports comes Wednesday and Thursday after the close; print quote of the day — Warren Buffett, Berkshire Hathaway shareholder letter for 1987: Remember that Mr. Market is there to serve you, not to guide you.
Page 6 — What Pro members see, into tomorrow — the Fed meeting starts Tuesday — and the print quote of the day from Warren Buffett.
The Degenerates Journal, Final Hour, Basic edition, Monday October 26, 2026, page 7 of 7: the membership page: LEAPS, PRO DEGENERATE ONLY; PRO DEGENERATE at $7.99 a month with the Pro edition of The Degenerates Journal every weekday morning, with a page for every Engine List name, and Ultimate Degen at $14.99 a month with everything in PRO DEGENERATE plus Discord.
Page 7 — The membership page — LEAPS, PRO DEGENERATE ONLY: PRO DEGENERATE at $7.99 a month and Ultimate Degen at $14.99 a month.

In this edition

  1. The story: Chips lead a broad bounce
  2. The Daily Question, answered
  3. The brief
  4. Macro strip
  5. The market story in plain words
  6. What changed since the morning
  7. Today's Standout
  8. The Engine List
  9. Breadth in our universe
  10. Market health
  11. What Pro members see
  12. Into tomorrow
  13. Print quote of the day