<![CDATA[US Sector Note]]>

Quantmatix · US Market Intelligence · Institutional Research

Momentum at a Tipping Point: Positive and Negative Signals Nearly Equal, Accelerating Breadth Converging — Stock Selection Is Now the Only Edge

51
New Deep Pos. Rev.
vs 176 active prior wk
1
New Top Q+
BEPC — Utilities
23
TEVO Signals
vs 26 prior week
58
New High Score Neg Rev
vs 105 active prior wk
7
Top Q Negative
vs 13 prior week

ⓘ US equity markets closed Friday 19 June 2026 (Juneteenth). All signal counts reflect new signals confirmed this week only (COB Thursday 18 June). Index levels (SPX, RIY, OEX, MID) carried forward from the 3 June 2026 reference. Pending row omitted — Saturday publication.

Market Intelligence — New Signals, COB Thursday 18 Jun 2026

Momentum has reached a tipping point. Fifty-eight new High Score Negative Reversals against 51 new Deep Positive Reversals — the gap is narrow and the direction of travel is unambiguous. More critically, the proportion of names with accelerating positive momentum and accelerating negative momentum is now converging: the universe is no longer a positive tape with pockets of weakness, it is a bifurcated tape where stock selection is the only edge available. Broad index exposure is not supported. Five of seven MAG7 names confirmed Declining at Thursday’s close, every one at or below mid-band. Real Estate has tipped hardest: 14 new High Score Negative Reversals this week as buyers stepped away from names that had been elevated for weeks, Advancing breadth collapsing from 72% to 30% in a single bar. Industrials is rotating internally — 13 new negative and 9 new positive reversals simultaneously — not a sector to take broad positions in either direction. Two sectors stand apart positively. Utilities fired five new Deep Positive Reversals and the only new Top Quantmatix Positive in the entire universe (BEPC). Health Care posted nine new Deep Positive Reversals — the second-highest positive count in the universe this week — with two new Trend Exhaustion signals and an Advancing breadth picture that is moving in the right direction. Both sectors carry Neutral Positive positioning; neither is a broad index trade, but they are where the signal quality is concentrating. Energy has now produced zero new Deep Positive Reversals in two consecutive weeks.

★ Signal Ideas — Highest Quality New Signals · Week of 15–18 Jun 2026
One new Top Quantmatix Positive (BEPC) and two new Trend Exhaustion signals (OPCH, SHW) with Advancing momentum and targets not yet reached. Sectors: Utilities (Neutral Positive), Health Care (Neutral Positive), Materials (Neutral Positive). Signal data only — see disclaimer.
3
Ideas
1
Top Q+
2
TEVO
OPCH
Option Care Health — Health Care
TEVO
8.7%
Stock Signal Q Score Accel/Wk Close Target (TP1) Support (SL) Earnings Est. Value
BEPC
Brookfield Renewable Corp — Utilities
 ★ Top Q+
THU 18 JUN 		−6.57 +0.714 ↑ $37.42 $40.38 $33.58 31 Jul
7.9%
−8.57 +0.857 ↑ $21.99 $23.91 $18.15 29 Jul
SHW
Sherwin-Williams Co — Materials
 −4.71 +0.714 ↑ $320.79 $335.72 $282.69 28 Jul
4.7%
Target (TP1) and Support (SL) levels are algorithmically generated at point of signal confirmation and are not price predictions or personal recommendations. Est. Value = distance from current close to TP1 as a percentage. Signal data only — see full disclaimer below.

Index Levels — 19 Jun 2026

S&P 500 — SPX
7,500.58
Q Score +6.0 −0.1/wk
Direction Declining
Extended above upper band
Russell 1000 — RIY
4,081.29
Q Score +5.1 −0.1/wk
S&P 100 — OEX
3,691.24
Q Score +7.1 0.0/wk
Direction Advancing
S&P MidCap 400 — MID
3,791.48
Q Score +8.7 +0.9/wk
91% of band

Sector Positioning — New Signals This Week Signal counts = new reversals confirmed COB Thu 18 Jun only

Real Est
Health Care
Materials
Industrials
Financials
Cons Disc
Staples
IT
Utilities
Comm Svcs
Energy

MAG7 Velocity — Confirmed COB Thu 18 Jun Ranked shallowest to deepest Q score · All seven names at or below mid-band

Exhaustion / Rotation Alert
Neutral Positive Neutral Negative Negative Heavily Negative Sector Conviction New DPR New TQ+ New TEVO New HSR Read
Real Estate Exhaustion / Rotation
0
New Wk
14
New Wk
 Fourteen new High Score Negative Reversals — the highest negative count of any sector this week — led by HST (Q +9.7), ESS (Q +9.3), SPG (Q +8.7). Hotels, apartment REITs and mall operators selling off simultaneously; no sub-sector is holding. Advancing breadth collapsed from 72% to 30% in a single bar. Rotate out of extended positions.
Health Care Neutral Positive
9
New Wk
2
New Wk
5
New Wk
 Nine new Deep Positive Reversals led by ENSG (Q −9.6), REGN (Q −9.4) and ZTS (Q −9.1). OPCH carries a rare double signal: Deep Positive Reversal and Trend Exhaustion simultaneously (Q −8.6, +0.857/wk). Against this, staffing and managed care are selling: CCRN (Q +9.6), AMN (Q +9.4) and ELV (Q +8.9). Rotation within the sector — clinical and specialty buying, staffing and managed care selling. Stock selection only. Materials
5
New Wk
3
New Wk
3
New Wk
 Gold mining leads the Deep Positive Reversals: AEM (Q −9.3, +0.429/wk). Packaging and building materials follow (SON Q −6.4, SHW Q −4.7, LPX Q −4.3 with the highest acceleration at +1.286/wk). All three steel names exiting simultaneously: RS (Q +9.3), STLD (Q +8.9), NUE (Q +8.7). Distinct split — gold and specialty materials buying, steel selling. SHW carries both Deep Positive Reversal and Trend Exhaustion signals. Industrials Neutral Negative
6
New Wk
13
New Wk
 The rotation story within this sector is unambiguous. All four leading Deep Positive Reversals are water and flow control: PNR (Q −8.4), XYL (Q −7.7), VLTO (Q −7.6), PH (Q −6.6) — every one accelerating at +0.857/wk. The thirteen new HSR are dominated entirely by trucking and freight: JBHT, KNX, MRTN and WERN, all at Q +9.1. FDX also fires a Trend Exhaustion signal. Capital is rotating from freight into industrial water infrastructure. No net sector edge — hold benchmark. Financials
10
New Wk
4
New Wk
9
New Wk
 Ten new Deep Positive Reversals led by MKTX (Q −9.7, bond trading) and HLNE (Q −8.6, private markets) against nine new HSR led by BEN (Q +9.4), TRST (Q +9.3) and STT (Q +9.0, custody banking). Bond platform and alternative asset managers recovering; traditional managers and custody banks selling. KNSL fires a Trend Exhaustion signal (Q −8.0, Positive). Near-neutral net signal — hold benchmark. Consumer Disc.
4
New Wk
1
New Wk
4
New Wk
 Deep Positive Reversals concentrated in high-quality names: CMG (Q −8.1, also fires Trend Exhaustion), POOL (Q −7.6), BKNG (Q −6.9), LOW (Q −6.3). High Score Negative Reversals are all auto and dealership: ARKO (Q +8.9), SAH (Q +8.6), AAP (Q +8.4), VC (Q +7.6). Consumer spending on restaurants, travel and home improvement recovering; auto/dealership complex selling. Net signal balanced — hold benchmark. Consumer Staples Effectively silent this week: one new Deep Positive Reversal (ELF, Q −7.0), zero new High Score Negative Reversals, zero Trend Exhaustion signals. The quietest sector in the universe. No positive or negative catalyst; defensive positioning only. Info Technology Marginally negative: five new HSR (EXTR Q +9.6, FIVN Q +8.4, SMTC Q +8.0) against four new Deep Positive Reversals (IDCC Q −8.6, CXT Q −5.4, BDC Q −4.4). Three Trend Exhaustion signals — CSCO (Q +8.1), TWLO (Q +8.0), HPE (Q +7.4) — all Declining: upside momentum running out at elevated levels. No broad sector exposure warranted; individual names only.
Utilities Negative
5
New Wk
1
New Wk
 The cleanest sector in the universe this week: five new Deep Positive Reversals, zero new HSR. VST (Vistra, Q −5.3) is the fastest-accelerating name in this set at +1.714/wk. FE (Q −8.6), BEPC (Q −6.6) and NRG (Q −5.4) also reversing. BEPC carries a triple signal: Deep Positive Reversal, Trend Exhaustion and the only new Top Quantmatix Positive in the entire universe. Power generation and energy transition names are the focus.
Comm. Services Heavily Negative
2
New Wk
2
New Wk
1
New Wk
 Eighty percent of names Declining. Two Deep Positive Reversals in smaller-cap names (RBLX Q −6.7 at +1.0/wk, NYT Q −4.4) provide no conviction basis. MSGS (Q +8.1) high score negative reversal. Two Trend Exhaustion signals (ATEX, RUM) confirm declining momentum running to extremes — not reversals. Signal data supports reducing sector exposure. Energy Zero new Deep Positive Reversals for the second consecutive week. New HSR are all downstream refiners: DINO (Q +8.6), MPC (Q +8.6), DK (Q +7.0) — buyers have stepped away from the refining complex with no sign of reversal. No exposure warranted.
546.85   602.42   658.00
27% of range — Q Score already negative (−0.43): first MAG7 name to cross zero. Declining at −1.0/wk — deepest momentum deterioration in the group.
MSFT
Microsoft
366.18   414.95   463.72
14% of range — near lower band. On current trajectory (−0.71/wk), Q crosses into negative territory next week. Two consecutive MAG7 names at or through zero within days of each other.
TSLA
Tesla
360.14   414.96   469.77
37% of range — Advancing but momentum completely stalled (0.0/wk). The only Advancing MAG7 name not accelerating. Below mid-band; position holding, not building.
AMZN
Amazon
236.85   258.49   280.13
17% of range — fastest decelerating name in MAG7 at −1.14/wk. Approaching lower band. At this rate, reaches neutral Q in approximately 4–5 weeks.
NVDA
NVIDIA
187.91   213.61   239.32
44% of range — slowest deceleration of the Declining MAG7 names (−0.29/wk). Holding near mid-band. Least urgent concern in the group at current trajectory — but momentum loss is persistent.
GOOG
Alphabet
345.11   376.59   408.08
35% of range — was in High Score Negative Reversal territory last week (Q +7.29). Has since slipped to Q +6.86 — just below the threshold. Deceleration continuing at −0.43/wk.
AAPL
Apple
277.76   301.12   324.47
▲ 43% of range — sole MAG7 name both Advancing and accelerating (+0.29/wk). Q +8.14 is the highest in the group and historically elevated. At extreme Q levels, exhaustion risk increases — watch for any deceleration signal.
Name Q Score Acceleration Direction Close Band Position Earnings
META
Meta Platforms
−0.4 −1.000 ↓ Declining 577.22 29 Jul +0.7 −0.714 ↓ 379.40 +2.4 0.000 → Advancing 400.49 22 Jul +5.3 −1.143 ↓ 244.39 30 Jul +5.6 −0.286 ↓ 210.69 26 Aug +6.9 −0.429 ↓ 367.46 +8.1 +0.286 ↑ 298.01

Important Notice: This report is produced by Quantmatix and is intended solely for institutional and professional investors. It is provided for informational purposes only and does not constitute investment advice, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument. Signal and momentum data reflects proprietary algorithmic analysis and is not a guarantee of future performance. Past performance is not indicative of future results. Recipients should conduct independent due diligence and seek advice from a qualified financial adviser before making any investment decision. All data sourced from Quantmatix proprietary systems. © 2026 Quantmatix Limited. All rights reserved.

Quantmatix · US Market Intelligence · 20 Jun 2026

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