Quantmatix Research - April 23, 2026


MAG7 Recovery Scorecard — All 7 Advancing

Q Band Lower 6,333 · Mean 6,729 · Upper 7,125. SPX closed above the upper band — breakout confirmation.


Portfolio Positioning — Sector Allocation


HSR Exhaustion & Exit Signals

Energy — 15-Name HSR Cluster · Exit All

PBR (+8.6) · BP (+8.1) · TDW (+8.0) · KOS (+7.9) · SM (+7.9) + 10 further Energy HSR

No Quantmatix long signal exists in the sector — total exit mandate.

Industrials HSR

MTZ (+9.1) — highest HSR score in universe · PWR (+8.3) — reduce both

IT HSR — Exit Despite IT Breadth Leadership

VIAV (+8.3) · VSAT (+7.9) · FSLY (+7.1)

Consumer Disc & Financials HSR

CAVA (+8.3) · ROST (+7.4) · FCFS (+8.4) — reduce into strength

Top Q Negative — 8 Exit Signals

BCRX (BioCryst) — QScore +8.71 · QChg −0.71 · $9.01 · Earn 6 May · Primary single-stock reduce

Utilities cluster: AEE +7.14 / DTE +6.57 (⚠ earn 30 Apr) / WEC +6.00 / AWK +4.14 (⚠ earn 29 Apr) · XLU +5.86 · IDU +5.43 — exit ETF Utilities now

Quantmatix Research

Bullish Inflection Surge Intensifies — 253 Deep Positive Reversals

Wednesday 23 April, 2026

Prepared by: Liam Boggan, CEO & Founder, Head of Research


Executive Summary

The Quantmatix Bullish Inflection Surge is broadening and intensifying. Deep Positive Reversals accelerated to 253 from 237 the prior session. The S&P 500 printed 7,137.9, closing above the Upper Q Band at 7,125 — a decisive technical confirmation. With QScore change advancing to +1.14 and Positive direction maintained, the trajectory signal remains unambiguous.

IT and Financials command breadth readings of 85.4% and 84.1% advancing — Max Overweight sectors. Health Care is the signal leader with 8 Top Q Positive and 8 TEVO. Energy's 15-name High Score Reversal (HSR) cluster is the single most concentrated exhaustion signal. All seven MAG7 components register Positive direction.


Top 5 Highest-Conviction Stocks

Ranked by Expected Value · ★ = Top Q Positive · TEVO = swing signal

# Name · Sector Score · Chg T1 · HR SL1 EV · Earn
1 GRAL ★ Top Q
GRAIL · Health Care / Diagnostics		 −8.6 · +0.57 $64.67 · 100%* $27.73 +22.9%
12 May		 2 HEI TEVO
HEICO · Industrials / Aerospace MRO		 −8.9 · 0.00 $309.56 · 73% $256.71 +10.3%
26 May		 3 DHR TEVO
Danaher · Health Care / Life Sciences		 −8.4 · 0.00 $204.37 · 79% $176.11 +8.0%
28 Jul		 4 PLNT TEVO
Planet Fitness · Consumer Disc		 −9.3 · +0.14 $77.30 · 79% $65.43 +5.8%
7 May		 5 BHVN TEVO
Biohaven · Health Care / Pharma		 −4.3 · +0.86 $12.22 · 71% $7.04 +5.5%
11 May

* GRAL TP1 hit rate based on ~18 months of data history — treat as directionally positive, not statistically robust. Size accordingly.

Sector Diversifiers

ACN ★ Top Q — Accenture · IT Services −8.1 · +0.57 $206.63 · 80% · EV +4.8% · 18 Jun VRTS TEVO — Virtus Investment · Financials −6.9 · +0.86 $148.88 · 73% · EV +0.7% · 1 May ⚠
Ticker Q Score Q Chg Close Earnings NVDA −1.4 +1.43 $202.50 — GOOGL $339.32 ⚠ 29 Apr AMZN −1.7 +1.71 $255.36 AAPL −2.0 +0.43 $273.17 META −2.3 +1.14 $674.72 TSLA −5.3 +0.86 $387.51 MSFT −6.3 +0.71 $432.92 — Positioning Sector Adv% DPR Key Signals
Max Overweight Information Technology 85.4% 69 3 Top Q · 5 TEVO · 3 HSR · ACN primary long Financials 84.1% 59 1 Top Q · 2 TEVO · 1 HSR · VRTS signal Overweight Consumer Disc 75.0% 24 2 Top Q · 3 TEVO · PLNT in Top 5 Neutral Comm Services 68.1% 10 1 HSR · No active long signals Health Care 64.5% 38 8 Top Q · 8 TEVO · Signal leader — via Top 5 names Industrials 61.2% 21 3 TEVO · 2 HSR · HEI long / MTZ & PWR reduce Underweight Materials 45.9% 2 3 HSR (WLK, CTVA, LYB) override 1 TEVO Consumer Staples 32.4% 3 2 HSR (TGT, CASY) · Structural decline confirmed
Max Underweight Energy 25.8% 1 15 HSR — Exit All · No long signals Max Underweight Utilities 14.5% 2 2 Top Q Neg · 2 HSR · GEV & SRE exit on bounce


Imperative — Tactical Call to Action

1 — Initiate / Add: GRAL, HEI, DHR, PLNT, BHVN

Top 5 by EV are the highest-conviction longs from today's data. GRAL's 100%* TP1 should be treated as directionally positive rather than statistically definitive — size accordingly. DHR and HEI carry no near-term earnings risk; full position sizing is supported.

2 — Add Sector Exposure via ACN (IT) and VRTS (Financials)

IT at 85.4% and Financials at 84.1% advancing are the Max Overweight sectors. ACN (Top Q Positive, 80% T1) is the primary IT long. VRTS earns 1 May — size conservatively and re-evaluate post-earnings.

3 — Exit All Energy Positions Now

15 HSR signals in a single sector is the most concentrated exhaustion reading in today's universe. PBR, BP, TDW, KOS, SM and 10 additional names are all at score ceiling with Negative reversal direction. This is a total exit mandate.

4 — Reduce MTZ, CAVA, FCFS · Exit Utilities

MTZ leads the HSR reduce list at +9.1 — the highest exhaustion reading outside Energy. CAVA (+8.3) and FCFS (+8.4) are near score ceiling. GEV and SRE in Utilities should be exited on any bounce. Utilities at 14.5% advancing is the weakest breadth reading in the universe.

Disclaimer: These insights are generated using AI and are provided for informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any security. The content may be incomplete or contain errors and should not be relied upon for investment decisions. Always consult a qualified financial adviser before making financial choices.