Morning Sentiment Briefing: Mega-Cap Tech Leads Risk-On Open

Aggregate sentiment opened firm as coverage volume on mega-cap technology names ran well above trailing norms. The Signal Engine registered a broad risk-on skew at the open, with the Nasdaq 100 sentiment score advancing to 74 and leadership concentrated in semiconductors and platform software.

Earnings-perception momentum remains the dominant driver. Post-print coverage of the largest index constituents has skewed positive for a third consecutive week, and analyst coverage volume is tracking 2.4x the 30-day mean. Our models assign a 62% probability that the broad sentiment score holds above the 70 threshold through the next CPI print.

Positioning telemetry corroborates the tape: options flow skewed toward upside calls in the largest five names, and short-interest chatter declined across the sector. Subscribers watching the Technology sector sentiment series will receive a threshold-cross alert if the score breaches 78 intraday.