Pulse

PDN 9.30 +2.5% — uranium bid back; held the 9 area on the dip.

DYL 1.135 +4.6% and BOE 1.58 +4.6% — yellowcake complex leading the energy tape again.

BHP 62.45 -0.65% soft; WES 76.30 +0.6%, CSL 182.0 +1.9%, ANZ 37.95 +0.2% — defensives doing the heavy lifting.

0700 420.6 -1.8%, 9988 105.4 -2.6%, 3690 70.15 -0.9%, 1810 23.94 -1.3% — broad Asia softness, megacaps under pressure into the close.

SPY 777.2 -0.2%, QQQ 757.7 -0.2% — index drift lower, no panic.

TSLA 377.8 -0.8%, NVDA 237.5 -0.7% — mega-cap tech off modestly overnight.

GLD 375.9 -1.7% gold giving back gains; TLT 77.1 flat, rates calm.

Risk-off tone in Asia, contained in the US — a rotate rather than a sell-off.

Gold's pullback is a pause, not a break; uranium names decoupling from the metals tape on their own demand story.

Desk: all three uranium names in profit today (PDN, DYL, BOE all green) — trend intact, trail stops and let it run.

Asia weakness is the watch item: if 9988 keeps sliding, that drags the AU energy complex' sentiment eventually.

No new entries into a soft open calendar; patience until US close confirms the drift.