December Recon Watch: The Living Tracker

This is a living page. For the first time, the Russell indexes will reconstitute in December — and between now and the effective date, this tracker is where SCN logs everything that matters: the official clock, the candidate classes we're watching, and dated entries as the evidence arrives. It updates weekly (and same-day on major recon news) through December 11. Bookmark it; the background reading is our field guide to the semi-annual reconstitution.

The official clock

• Friday, October 30 — Rank Day. Market capitalization at this close decides December membership. Everything on this page points at this date.

• Friday, November 13 — preliminary add/delete lists, updated November 20, November 27 and December 4. The first hard data on who's in and out.

• Friday, December 11 — effective after the close. The second recon trade of the year goes live.

What we track

• Graduation candidates. Index eligibility requires an exchange listing, so every OTC company that uplists before October 30 puts itself in the December conversation — the timeline compression we mapped in the uplisting playbook.

• The breakpoint zone. At the June 2026 reconstitution the small/large line sat near $5.7 billion and the Russell 2000's floor near $146 million; December's lines will be drawn fresh from rank-day values. Names hovering near either boundary become tug-of-war trades as October 30 approaches.

• Deletion mechanics. Members whose market caps have slid far below the floor face mechanical index selling into December 11 — arithmetic, not a verdict, and occasionally the source of orphaned-quality setups our screens exist to catch.

The log

• Sep 2, 2026 — Tracker opened. The clock above reflects FTSE Russell's published schedule for the first December reconstitution. Rank day is under nine weeks out.

• Jul 30, 2026 — First eligibility names. COPR and CEPL completed their OTC graduations, per our Uplisting Watch coverage — both now hold the exchange listing December eligibility requires. Whether either makes the index is a rank-day market-cap question, which we'll check against the November 13 preliminary lists.

• Next update — weekly on Mondays: new uplisting announcements, names entering the breakpoint zone, and — from November 13 — the preliminary lists themselves, reconciled against this log.

How to use this page

Recon flows are calendar-driven and mechanical — an addition brings forced buying on December 11, a deletion forced selling, neither a judgment of the business. Use the log for the who and the clock for the when, and treat everything here as a map of scheduled money, not a recommendation about any name on it.

SCN editorial — independent commentary for information only, not investment advice.