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The Degenerates Journal, Final Hour, Basic edition, Thursday October 29, 2026, page 1 of 5: the cover: a big tech miss drags the Nasdaq while small caps climb; Thursday, October 29, 2026, filed 4:56 PM ET, South Florida; at the close the Nasdaq-100 fund fell 1.42% and the S&P 500 fund 0.36%, while the small-cap fund rose 0.97% and the Dow fund slipped 0.36%, after one of the largest search and cloud companies missed on profit; into tomorrow three names in our research universe report after the close: one of the largest cloud providers and two chipmakers; today's Engine List: ENB +1.45%, MU −4.98%, ORCL −3.42%, SNOW −2.85%, FTNT −20.11%, APH +1.41%, ADP +0.26%, AAPL +1.49%, AVGO −1.92%, ASML +0.77%; quote of the day — Paul Samuelson: the stock market has forecast nine of the last five recessions.
Page 1 — The cover — a big tech miss drags the Nasdaq while small caps climb, and the Paul Samuelson quote of the day.
The Degenerates Journal, Final Hour, Basic edition, Thursday October 29, 2026, page 2 of 5: in 30 seconds: a profit miss at one of the biggest AI spenders pulled big tech lower, but small caps rose; the answer to the Daily Question was no — the S&P 500 fund closed down 0.36% from Wednesday, its first loss in four sessions; the Daily Question, answered: does the S&P 500 close higher today than it did on Wednesday? No — it closed down 0.36%, and 60% of the 50 stocks we track fell; the market story in plain words: a search and cloud giant fell about 13% after its profit and search sales came in below forecasts and dragged the Nasdaq-100 fund down 1.42%; Microsoft beat on sales and profit and its cloud business grew 48%, but the shares closed slightly lower; small caps rose 0.97% and the VIX rose 1.71%; the data, in plain numbers: the economy grew at a 3.4% annual pace in the third quarter, ahead of the 3.2% forecast; September's PCE price index rose 3.6% from a year earlier and the core measure 3.1%.
Page 2 — In 30 seconds, the Daily Question answered, the market story in plain words, and the data in plain numbers.
The Degenerates Journal, Final Hour, Basic edition, Thursday October 29, 2026, page 3 of 5: what changed since the morning: S&P 500 −0.34% in futures to −0.36% at the close, Nasdaq-100 −1.16% to −1.42%, Dow +0.50% in futures to −0.36% at the close, VIX +2.25% to +1.71%; Today's Standout: Microsoft (MSFT) — percent change over the last 60 sessions with its 9-day average and volume, daily bars through the Thursday October 29 close (provisional); Degen Lens Alpha: Swing 69, LEAPS 34, Position 58, scores out of 100 as of 11:30 AM ET; Degen Meter: score +68.09 of 100, label Strong Bullish, regime above its 200-day average, stretch flag regime extended; Microsoft slipped 0.11% today after a quarter that beat forecasts; sales grew 17.9% over the twelve months to September 30, 2026, gross margin 67.9%, operating margin 47.1%.
Page 3 — What changed since the morning, and Today's Standout — Microsoft (MSFT), with its Degen Lens Alpha scores and Degen Meter.
The Degenerates Journal, Final Hour, Basic edition, Thursday October 29, 2026, page 4 of 5: the Engine List: Enbridge (ENB) +1.45%, Micron Technology (MU) −4.98%, Oracle (ORCL) −3.42%, Snowflake (SNOW) −2.85%, Fortinet (FTNT) −20.11%, Amphenol (APH) +1.41%, Automatic Data Processing (ADP) +0.26%, Apple (AAPL) +1.49%, Broadcom (AVGO) −1.92%, ASML Holding (ASML) +0.77%; five of the ten finished higher; breadth in our universe: 40% of the 50 names rose today and 60% fell, 40% closed above their 50-day average, down from 54% this morning, and index fund volume ran below its 20-day average.
Page 4 — The Engine List — ENB, MU, ORCL, SNOW, FTNT, APH, ADP, AAPL, AVGO and ASML with today's change for each — and breadth in our universe.
The Degenerates Journal, Final Hour, Basic edition, Thursday October 29, 2026, page 5 of 5: what Pro members see: a full page for every name on the list, with charts and setups, and the full earnings radar for tonight's reports; into tomorrow: three names in our research universe report after the close — one of the largest cloud providers and two chipmakers — and none of the names in our universe report before Friday's open; closes are the last regular-session trade and Thursday's close is provisional; on the earnings calendar: ten names in the universe report between Monday, November 2, and Friday, November 6; Apple reports Monday, November 2, after the close and Enbridge Friday, November 6, before the open; LEAPS — PRO DEGENERATE only; the membership page.
Page 5 — What Pro members see, into tomorrow, the earnings calendar, LEAPS and membership.

In this edition

  1. In 30 Seconds
  2. The Daily Question, Answered
  3. The Market Story in Plain Words
  4. The Data, in Plain Numbers
  5. What Changed since the Morning
  6. Today's Standout
  7. The Engine List
  8. Breadth in Our Universe
  9. What Pro Members See
  10. Into Tomorrow
  11. On the Earnings Calendar
  12. LEAPS
  13. Membership