Core Viewpoint - Adobe is currently in Phase 18 of its Adhishthana cycle, which began in May 2025, and has experienced a decline of approximately 25% since then, leading to divided investor sentiment ahead of earnings on December 10 [1][6]. Group 1: Adhishthana Cycle Analysis - The Guna Triads, consisting of Phases 14, 15, and 16, are crucial for determining if Adobe can achieve a Nirvana move in Phase 18, which requires a sustained bullish structure known as Satoguna [2][4]. - Adobe entered Phase 14 in June 2023, but throughout its triads until October 2024, it exhibited consolidation and inconsistent rallies, indicating a lack of meaningful bullish structure [4][5]. - The absence of Satoguna in the triads has confirmed that Adobe would not achieve a Nirvana move in Phase 18, leading to consistent underperformance since entering this phase [5][6]. Group 2: Investor Outlook - With earnings approaching, volatility is expected to increase; however, the weak triad foundation suggests that Phase 18 will not yield a Nirvana move, and any potential rallies are unlikely to be sustained [6][7]. - The monthly charts indicate that Adobe is still in a descending phase of its Himalayan formation, suggesting that aggressive buying is not advisable at this time [7]. - The options market reflects this sentiment, with heavy call-writing open interest indicating expectations of capped upside and multiple resistance levels [7].

Core Insights - Entegris Inc. has entered the final phase of its Adhishthana Cycle, specifically Phase 18, and has experienced a significant drop of approximately 23% immediately after this transition [1][6] Group 1: Adhishthana Cycle Analysis - The Guna Triads, consisting of Phases 14, 15, and 16, are critical in determining if a stock can achieve a Nirvana move in Phase 18, which signifies a peak in the cycle [2] - Entegris' stock has shown a decisively bearish structure throughout Phases 14 to 16, resulting in a nearly 58% decline, thereby eliminating the possibility of a Nirvana move in Phase 18 [4] - The expected behavior of the stock in Phase 18 aligns with the Adhishthana framework, indicating sluggishness and structural weakness rather than bullish momentum [4] Group 2: Investor Outlook - The long-term outlook for Entegris remains muted due to the weak triad formation, with market participants positioning for continued sluggishness rather than recovery [5] - The stock is anticipated to remain in a consolidation phase throughout Phase 18, with limited upside potential and elevated downside risks [5] - Investors are advised to wait before initiating long positions, while existing holders should consider hedging strategies due to the prolonged consolidation path [5]

Core Insights - Nebius Group's stock has experienced a significant rally from $18 to $140 since April 2023, but this may not indicate long-term value based on the Adhishthana Principles [1] Group 1: Adhishthana Cycle Analysis - Nebius Group is currently in Phase 17 of its 18-phase Adhishthana Cycle, with Phases 14, 15, and 16 forming the Guna Triads that are critical for determining the potential for a Nirvana move in Phase 18 [2] - The stock has shown sharp bearishness and consolidation during its triad phases, declining nearly 83%, indicating that a Nirvana move in Phase 18 is unlikely [5] - Phase 17 is identified as a no-trade phase, suggesting that any rallies should not be pursued [6] Group 2: Future Projections - The transition to Phase 18 is expected in December 2025, which historically leads to sluggish or range-bound trading for such triad structures [6] - Recent stock retracement from $140 to $94 indicates potential exhaustion in the rally [6] - The company's recent earnings report shows a 153% widening of losses, further suggesting that the rally may be losing momentum [7] Group 3: Investor Outlook - The poor triad formation implies that the recent surge lacks structural strength, and the stock is likely to trade with a bearish bias and extended consolidation until at least mid-2027 [8] - While new deals with Meta could enhance business fundamentals, a cyclical cooling off is anticipated before any significant upside can be realized [9] - Investors are advised to wait for the rally to stabilize and seek value opportunities once the cycle resets [9]