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  • QM AI Portfolio +5.2% vs AI Revolution +3.1%
    QM ResearchQ QM Research
    QM AI Portfolio Research Note · Week 1 Live · 31 May 2026
    Quantmatix · AI Portfolio Research Note · Week 1 Live
    First Week Live: QM AI Portfolio +5.2% vs AI Revolution +3.1%
    31 May 2026  ·  Portfolios live since 26 May 2026  ·  QM Data: Week of 30 May 2026  ·  Global Tech Universe: 237 stocks  ·  
    Executive Summary

    The QM AI Portfolio returned +5.2% in Week 1, led by Oracle (+17.5%) and Broadcom (+7.9%). The AI Revolution Portfolio returned +3.1%, driven entirely by Micron’s +29.3% surge — the remaining six names averaged −1.4%. The central QM finding is that the majority of holdings have already broken through their TP1 swing targets — a positive outcome. TP1 is designed to be hit 65% of the time; a momentum breakout can drive prices well beyond that initial target. The structural concern lies in the AI Revolution Portfolio, where three of seven holdings are in Declining direction and Vertiv and Digital Realty carry confirmed Negative Reversals — a categorically different signal from target price exceedance.

    Market Context — Week of 26–30 May 2026
    Oracle +17.5% — Earnings Catalyst
    Oracle reported Q4 FY2026 earnings with cloud revenue and AI infrastructure bookings ahead of consensus — the +17.5% weekly move was the largest in either portfolio. QChg surged to +2.9, the strongest acceleration across all 14 holdings. The stock has broken decisively through its TP1 swing target. Momentum breakouts of this magnitude can carry well beyond the initial target levels.
    Micron +29.3% — AI Memory Demand Surge
    HBM (High Bandwidth Memory) demand from NVIDIA’s GPU programs has driven a structural shift in DRAM pricing. Micron, one of three global HBM suppliers, reported Q3 FY2026 results and guidance well ahead of expectations. At Q=7.9, the mean reversion move has been exceptional — Micron has surged through both swing targets on the back of a structural HBM demand shift. A momentum breakout of this magnitude can drive prices far beyond the near-term volatility targets.
    Broadcom +7.9% & Microsoft +7.6% — AI Infrastructure Momentum
    Broadcom’s custom AI ASIC programs with hyperscaler clients continue to drive sustained demand; at Q=9.1, it is approaching exhaustion territory in the QM framework. Microsoft Azure AI and Copilot adoption have driven consistent beat-and-raise quarters. At Q=0.7, Microsoft is the most moderately positioned name in the QM AI Portfolio — the only holding not in extended territory.
    Vertiv −3.6% · Digital Realty −1.1% · AEP −3.7% — AI Infrastructure Rotation Out
    Vertiv (power systems), Digital Realty (data centre REIT), and AEP (utility grid) all carry Declining QM direction — the model was already signalling deterioration before this week’s moves. Capital is rotating from AI infrastructure enablers toward direct AI chip and software beneficiaries. Vertiv’s confirmed Negative Reversal at Q=8.0 indicates exhaustion at elevated valuation, not a temporary dip.
    Week 1 Performance — 26 to 30 May 2026 (Equal-Weighted)
    QM AI Portfolio +5.15%
    Stock Week % Q Score EV TP1 Signal State
    Oracle +17.54% 6.0 −26.6% Extended Broadcom +7.88% 9.1 −14.9% Approaching Exhaustion Microsoft +7.57% 0.7 −12.5% Advancing Applied Materials +4.14% 8.9 −8.8% Amazon +1.62% 7.9 −12.0% Alphabet −0.78% 7.6 −14.3% NVIDIA −1.95% 5.6 −3.2%
    Equal-weighted avg +5.15%
    AI Revolution Portfolio +3.09% Stock Week % Q Score EV TP1 Signal State Micron Technology +29.29% −44.1% TSMC +3.44% 7.7 −2.9% Digital Realty −1.06% 6.4 −2.3% Declining · Neg Rev Vertiv Holdings −3.59% 8.0 −12.4% AEP −3.74% 3.0 −2.8% Declining +3.09% Ex-Micron avg −1.36%
    QM Signal Assessment — What the Data Is Saying
    QM AI Portfolio — Signal Position

    All 7 holdings are Advancing direction — positive momentum confirmed across the full portfolio. The majority have already exceeded their TP1 swing targets, which are calibrated to be hit 65% of the time. In a strong mean reversion momentum move this is expected — the initial swing target is a near-term volatility marker, and a breakout through it confirms the momentum thesis is working.

    Broadcom (Q=9.1) and Applied Materials (Q=8.9) are the most exposed. Q Scores above 9 are rare and historically precede deceleration. Broadcom’s QChg of +0.9 remains positive — momentum has not yet peaked — but the proximity to Q Score exhaustion territory (typically 9.5–10) means the window for further acceleration is narrowing.

    Oracle’s +17.5% weekly gain propelled its QChg to +2.9 — the strongest week-on-week score acceleration in the portfolio — but the stock’s EV has deteriorated sharply (TP1 is now 23% below current price). The gain was real; the forward signal from here is not supportive.

    AI Revolution Portfolio — Signal Position

    Three of seven holdings are in Declining direction — a material structural concern. AEP’s QChg has deteriorated to −2.0, the steepest deceleration of any name across both portfolios. Vertiv (Q=8.0, Declining, Negative Reversal) is the most problematic: the QM model has flipped the SL above the current price (+21.8% at 67% probability), which is the model’s representation of a confirmed high-score reversal to the downside. Digital Realty carries the same Declining + Negative Reversal structure at Q=6.4.

    Micron’s +29.3% surge is the most dramatic mean reversion move in either portfolio. At Q=7.9, the stock has broken well through both swing targets — exactly what a strong momentum breakout looks like when HBM demand fundamentals shift structurally. The TP1 and TP2 targets are near-term volatility markers; a move of this magnitude confirms the mean reversion thesis emphatically.

    TSMC is the most balanced name in the AI Revolution portfolio at Q=7.7 with EV of −2.9% — the smallest negative EV of any Advancing name in either portfolio. TP1 hit rate of 82% is also notable, though that TP1 is modestly below the current price.

    Full Signal Detail — TP1 & TP2 Swing Targets vs Current Price
    ★ NVIDIA, Applied Materials and TSMC have not yet reached their TP2 swing targets (+1.2%, +0.9%, +2.6% remaining respectively). All other holdings have exceeded both swing targets — confirming the mean reversion moves are well advanced. TP1 is designed to be hit 65% of the time; exceedance is a positive signal, not a concern.

    Red = Declining direction and/or confirmed Negative Reversal — the primary structural concern.   Amber = Notable target exceedance. TP1 and TP2 are near-term swing trade volatility targets (TP1 designed to be hit 65% of the time, TP2 55%). Negative values indicate the target has already been exceeded — a positive outcome in a momentum breakout.

    Key Conclusions

    1. QM AI Portfolio (+5.2%) delivered broad-based gains. AI Revolution (+3.1%) is misleading — strip Micron and the portfolio lost ground.

    2. Most holdings have exceeded their TP1 swing targets — confirming the mean reversion moves are working. TP1 is calibrated to be hit 65% of the time; a momentum breakout through TP1 and TP2 is a feature of strong trend moves, not a warning signal.

    3. Vertiv and Digital Realty carry confirmed Negative Reversals. AEP’s QChg of −2.0 is the steepest deceleration across both portfolios. All three represent structural concerns within the AI Revolution portfolio.

    4. The QM data shows a small number of overlooked software names in the Global Tech universe with confirmed positive reversals and positive EV. BlackLine (EV +7.24%), EPAM (EV +6.99%), and HubSpot (EV +4.60%) are the three names in 237 global tech stocks meeting all three criteria — none held in either portfolio. This data is provided for informational context only and does not constitute a recommendation to acquire any instrument.

    Regulatory Disclosure

    Data source: Quantmatix proprietary QM Score system. All signals as at 30 May 2026 close. Portfolios live since 26 May 2026. EV = (TP1 Move × TP1 Hit%) − (|SL Move| × SL Hit%). Prepared by Liam Boggan, CEO & Founder, Quantmatix · 31 May 2026.

    This research note is produced for informational purposes only. Quantmatix is not authorised or regulated under MiFID II to provide personal investment recommendations or investment advice. Nothing in this note constitutes a personal recommendation, a suggestion to buy or sell any financial instrument, or a representation that any instrument is suitable for any individual. Past signal performance does not guarantee future results.

    You should make your own independent assessment of any financial instrument and, where appropriate, seek advice from a regulated financial adviser. By receiving this note you confirm you are a professional or sophisticated investor accessing this data for your own informational purposes.

    Stock Portfolio Q Score QChg Direction TP1 EV@TP1 TP2 EV@TP2 SL
    QM AI +2.9 Advancing −23.2% −18.2% −21.7% −43.8% Broadcom 9.1 +0.9 −12.7% −10.1% −34.4% +1.4 −12.2% −9.1% −23.1% Applied Materials 8.9 +0.4 +0.9% ★ −6.8% −27.9% +1.1 −9.5% −8.0% −26.3% Both −12.6% −10.4% −12.3% −25.5% NVIDIA +0.6 −0.9% +1.2% ★ −1.6% −20.8% AI Rev +1.3 −44.6% −41.9% −37.6% −64.1% TSMC +1.0 −0.3% +2.6% ★ −21.1% 8.0 −0.9 Declining · Neg Rev −11.1% −18.0% +21.8% Digital Realty −3.3% −5.9% −1.4% +9.0% AEP −2.0 Declining −4.6% −2.4% +7.9%
     Global Macro quantmatix research
  • US Market Ideas
    QM ResearchQ QM Research
    Quantmatix US Stock Ideas - 15 May 2026
    Materials — Confirmed Signal, Entry Has Moved
    GEF was confirmed at Friday's close. Stock has eased 5.4% intraweek to $65.42 — EV below calculated at signal close. Verify current price before entry; risk/reward from current levels is modestly less favourable than shown.
    34
    4
    4
    GEF
    Greif, Inc. · Industrial packaging (steel drums, fibre, IBC)
    ⚠ Signal close $68.07 · Current $65.42 (−5.4%) — verify before entry
    Real Estate — Post-Earnings Reversal
    HHH delivered a strong Q1 beat (EPS $0.14 vs $0.08 est) yet sold off, triggering a reversal signal — same pattern as STE in Health Care. Earnings-driven discount, reversal confirmation follows.
    33
    1
    Pos Signal
    3
    HHH
    Howard Hughes Holdings · Mixed-use real estate developer
    Post-earnings reversal · Q1 beat vs est

    Quantmatix · Institutional Research


    US Stock Ideas — Best Ideas from Signal Clusters · 15 May 2026


    82
    HS Neg Reversals
    Universe-wide
    129
    DPR · Health Care
    Dominant cluster ⭐
    6.1%
    IR · Top EV
    Highest in universe ⭐
    Energy · Utils
    Conv. Negative
    13 + 7 HSR

    Investment Context — 15 May 2026

    US equity indices are extended above their upper Q Bands with no active target models at index level, shifting conviction entirely to individual stock selection within the most signal-dense sectors. The dominant cluster this week is Health Care — 129 Deep Positive Reversals, 11 positive individual signals — driven in large part by post-earnings sell-downs creating discount entry points (STE, UHS). Industrials offers the single highest-conviction idea of the cycle in IR, a dual-signal name at a 10% discount to band midpoint. Materials and Real Estate each contribute a confirmed signal. The exhaustion pool is also expanding (82 HSR, Energy and Utilities Conviction Negative) — this is a stock-picker's tape.


    ⭐ Health Care — Dominant Signal Cluster
    Richest signal concentration in the universe. Post-earnings sell-downs in STE and HHH have created discount entries confirmed by reversal signals. ETF direction watch active — individual stock selection is the vehicle.
    129
    DPR
    11
    Pos Signals
    16
    HSR
    UHS
    Universal Health Services · US hospital & behavioural health
    ABBV
    AbbVie Inc. · Skyrizi, Rinvoq pharmaceutical leader
    Stock Status Close Q · Accel TP1 · HR SL1 Earn Est. EV
    STE
    STERIS PLC · Global sterilisation & surgical equipment
    Post-earnings reversal
    		NEW WK $215.98 −7.9 · +0.857↑ $228.22 · 73% $198.47 05-Aug 2.6%
    $170.67 −6.6 · +0.286↑ $184.84 · 63% $153.60 27-Jul 2.3% $210.77 −5.4 · +0.857↑ $220.69 · 74% $191.83 30-Jul 1.8%
    ICUI
    ICU Medical, Inc. · Infusion therapy & medical devices
    		NEW WK $122.99 −8.1 · +0.714↑ $132.47 · 64% $109.95 06-Aug 1.8%
    Industrials — IR Leads with Highest EV in Universe
    IR is the standout idea this cycle — the only dual-signal name (reversal + momentum signals simultaneously active), trading at a 10% discount to band midpoint. 8 combined positive signals in the sector.
    98
    8
    7
    IR
    Ingersoll Rand Inc. · Industrial flow & compression technology
    Band Mid $80.29 — 10% discount · Dual signal ⭐
    		NEW WK $71.82 −5.1 · +0.429↑ $79.41 · 74% $67.15 30-Jul 6.1%
    FRI 9 MAY $68.07 ⚠ −5.6 · +1.000↑ $71.29 · 78% $62.62 02-Sep 2.3% $64.66 −7.0 · +0.857↑ $68.55 · 68% $58.22 05-Aug

    Secondary Interest — Active Signals Below 1% EV Threshold

    UI
    Ubiquiti Inc. · Information Technology
    BMBL
    Bumble Inc. · Communication Services

    82 High Score Negative Reversals in universe. Highest scores: SLAB 9.71 (IT), RLMD 9.43 (HC), LWLG 9.29 (Materials), RSI 9.29 (Con. Disc), ADTN 9.14 (IT). Exit all. Energy (13 HSR, 0 positive signals) and Utilities (7 HSR, 0 positive signals) remain Conviction Negative at sector level.

    Stock · Sector Status Close Q Score TP1 · HR SL1 Earn Est. EV
    MSA MSA Safety · Industrials NEW WK $174.69 −5.7 $182.42 · 70% $158.27 03-Aug 0.7%
    SJM J.M. Smucker · Consumer Staples $100.20 −4.4 $103.91 · 68% $89.77 09-Jun ⚠ 0.6%
    BAX Baxter International · Health Care FRI 9 MAY $17.99 −5.9 $19.52 · 62% $14.99 30-Jul 0.5%

    ▼ Conviction Negative — Exit Signals

    Stock Status Close Q Score Acceleration Read
    CAR
    Avis Budget Group · Industrials
    		NEW WK $148.76 +4.9 −0.857↓ Steepest negative acceleration in pool. New this week. Exit. FRI 9 MAY $842.10 +8.0 −0.714↓ High score, Declining. Confirmed structural distribution. FRI 9 MAY $3.62 +6.0 −0.714↓ Confirmed distribution. Exit.

    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.

     North America quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix US Sectors - 11 May 2026

    Quantmatix · Institutional Research

    Bullish Surge Breadth Expands to 277 Deep Positive Reversals; Tech Max Overweight with XLK +8.4% Weekly; Energy & Utilities Conviction Negative


    7,398.93
    SPX · ▲ Extended
    Adv +2.00↑ · Q +0.4
    277
    Deep Pos. Reversals
    ↑ from prior period
    3 · 27
    Top Q+ · TEVO
    54 HSR · 2 TQ−
    +8.4%
    XLK Wk · Q +1.9
    Max Overweight ⭐


    Imperative — Tactical Call to Action

    Health Care — stock selection only. XLV Q=−9.4 Declining — do not use the ETF. Eight individual bullish signals (1 Top Q + 7 TEVO) make Health Care the richest signal sector in the universe. BDX (EV 8.7%), ALNY (EV 6.3%), MMSI (EV 6.0%), and ABBV (EV 5.4%) are the primary entries. Energy — exit all exposure. XLE declined −5.35% for the week and its price has fallen below its mid Q Band. 10 High Score Negative Reversals versus 0 Deep Positive Reversals — the most extreme exhaustion ratio in the universe. No individual bullish signals. Structural distribution confirmed. Exit now.
    1 Tech — Max Overweight. XLK posted +8.4% for the week ending 8 May and is trading above its upper Q Band — the standout ETF in the universe. 62 Deep Positive Reversals in IT sector (highest breadth). All MAG7 names Advancing Positive; AMZN and GOOGL above upper band. APPN provides the single-stock IT entry in today's Top 5. Maintain and scale. 2 3
    Reduce exhaustion positions across 54 HSR names. Utilities (XLU Q=+6.1, Declining, 6 HSR vs 0 DPR) has crossed into Exhaustion Confirmed territory — reduce immediately. BMBL and UI carry Top Q Negative signals. SLAB (Q=9.7) and RLMD (Q=9.4) are the highest-priority individual exits.
    4


    Top 5 Highest-Conviction Stocks — Ranked by Expected Value

    # Ticker · Sig Sector Close Q · Accel TP1 · HR SL1 EV Earn
    1 PLNT TEVO Consumer Disc. $45.88 ▼−39.4% −8.9 · +0.57 $59.20 · 79% $44.16 ⚠ 22.5% Aug-06
    2 APPN TEVO Info Tech $21.92 −6.9 · +0.29 $26.00 · 70% $19.23 10.4%
    3 BDX TEVO Health Care $149.43 −9.0 · +0.43 $166.20 · 85% $134.68 8.7% 4 ALNY TEVO $295.05 −7.4 · 0.00→ $329.29 · 71% $271.85 6.3% Jul-30 5 MMSI TEVO Health Care $61.27 −8.1 · 0.00→ $68.28 · 65% $58.08 6.0% Jul-29

    ⚠ PLNT SL1 Watch: Closed at $45.88 after a −39.4% weekly decline. TEVO signal remains active; EV 22.5% with TP1 $59.20 (29% upside). SL1 of $44.16 is only $1.72 below close. Any close below $44.16 invalidates the signal. Size with extreme caution.


    Magnificent 7 + MAGS ETF — 8 May 2026

    All MAG7 Advancing Positive · MAGS basket fastest accelerating (+2.714) ⭐ · AMZN & GOOGL above their upper Q Bands · NVDA approaching upper band · META below mid band — watch

    ABBV $201.55  TEVO  Health Care · Q −6.3, Accel +0.14, Advancing Positive. TP1 $219.08 (74%), SL1 $190.24. Earn Jul-30. EV 5.4%.

    RCL $275.24  TEVO  Consumer Disc · Q −4.3, Accel +0.86, Advancing Positive. TP1 $303.62 (77%), SL1 $229.86. Earn Aug-04. EV 5.3%.


    Sector Positioning — Quantmatix Framework

    DPR = Deep Positive Reversals  ·  TQ+ = Top Quantmatix Positive  ·  HSR = High Score Negative Reversals (Q≥7, Declining)

    		Conviction ETF · Q · Accel DPR · TQ+ · TEVO · HSR Key Note
    Info Technology Max OW XLK +1.9 · +2.429↑ +8.4%wk 62 · 0 · 4 · 7 ⭐ Bullish Breadth Surge. XLK above upper band. APPN TEVO active. SLAB/ADTN are HSR sells. Consumer Disc. OW XLY −1.1 · +1.714↑ +1.3%wk 36 · 1 · 4 · 4 PLNT #1 ⚠ SL1 watch · RCL TEVO diversifier. Prefer individual signals over broad ETF. Real Estate XLRE +2.3 · +1.571↑ 10 · 0 · 0 · 3 ETF advancing mid-upper band. No individual bullish signals today — ETF-level play. Comm. Services XLC −0.6 · +1.286↑ 6 · 0 · 0 · 3 GOOGL Q=+2.1 above upper band. BMBL carries TQ− — exit. No new bullish signals. Financials XLF −0.7 · +1.286↑ 42 · 0 · 0 · 1 2nd largest DPR breadth (42). No individual signals — ETF Overweight on direction alone. Weekly −1.3% vs Advancing QM signal — watch point. Industrials Neutral XLI +0.4 · +1.000↑ 38 · 0 · 5 · 5 5 TEVO signals actionable. Balanced sector; name-level discipline required. Materials ⚠ Neutral ⚠ XLB +4.0 · +1.286↑ 11 · 1 · 3 · 3 Q=+4.0 elevated — monitor for exhaustion. GEF Top Q (EV 2.3%) primary individual entry.
    Health Care ⚠ Stock Select XLV −9.4 · 0.00→ ⚠ Below Mid 50 · 1 · 7 · 12 ⭐ Richest signal sector (8 bullish signals). ETF uninvestable. Only QM signal names actionable. 12 HSR demand strict selection. Consumer Staples UW XLP −2.9 · −0.429↓ 12 · 0 · 4 · 1 Declining with negative Acceleration. Reduce broad exposure; avoid new positions.
    Utilities ⚠ UW ⚠ XLU +6.1 · −0.429↓ ⚠ Below Mid 1 · 0 · 0 · 6 ▼ EXHAUSTION CONFIRMED — 6 HSR vs 1 DPR (6:1 ratio). Reduce all exposure immediately. Energy Conv. Neg. XLE +3.7 · −1.429↓ −5.4%wk ⚠ Below Mid 0 · 0 · 0 · 10 ▼ EXHAUSTION CONFIRMED — 10 HSR vs 0 DPR. Most extreme exhaustion in universe. Exit all sector exposure. Name Q Score Accel. Band Position Earnings AMZN +2.6 +2.429 ↑ $272.68 ▲ Extended Jul-30 GOOGL +2.1 +2.000 ↑ $400.80 Jul-22 GOOG +2.0 +1.857 ↑ $397.05 NVDA +1.7 +1.714 ↑ $215.20 ≈ At Upper May-20 ⚠ AAPL +0.7 $293.32 META −0.3 +1.000 ↑ $609.63 ⚠ Below Mid Jul-29 TSLA −3.0 +1.429 ↑ $428.35 Mid–Upper MSFT −3.6 $415.12
    MAGS ETF Roundhill Basket +0.9 +2.714 ↑ ⭐ $69.62 ▲ Extended ETF baseline

    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.

    Quantmatix · Institutional Research · 11 May 2026

     North America quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix US Sectors - 3 May 2026

    Quantmatix · Institutional Research

    US Sector Research Note — Bullish Inflection Surge Active; MAGS Basket Accelerating Fastest; 260 Deep Positive Reversals; Health Care Signals Dominant; Energy Peaks as Iran War Premium Fades

    7,230
    SPX · Year High
    Advancing · Q −1.6
    260
    Deep Pos. Reversals
    Russell 1000
    13 · 23
    Top Q · TEVO
    40 HSR · 0 Top Q Neg
    +2.14
    MAGS Accel.
    Fastest in universe ⭐


    Imperative — Tactical Call to Action

    Conviction Positive — RUN ($13.06) and LW ($43.86): top-ranked Top Q Positive names by EV. RUN TP1 $15.62 (72%), SL1 $8.74. LW TP1 $47.31 (85%) — highest TP1 probability in Top Q cluster. Sector diversification into Industrials and Consumer Staples. Conviction Negative — Energy: XLE Q=+5.1 declining (Chg −1.00 — weakest in universe). BP (Q=7.3), SM (Q=7.4), PTEN (Q=7.4), MPC (Q=7.1) all HSR. Iran War oil premium fully priced in. Declining QChg confirms institutional momentum peak. Exit all Energy exposure.
    1 Conviction Positive — PODD ($175.04) and IDXX ($567.46): highest EV in the Health Care signal cluster. PODD TP1 $198.37 at 76%; IDXX TP1 $608.19 at 84%. Both Advancing Positive with SL1 defined. Health Care ETF sector backdrop negative — focus exclusively on Top Q/TEVO individual signals. 2 3
    Conviction Negative — Consumer Staples and Utilities HSR names: XLP Q=−2.4, Chg −0.86 Declining. Utilities watch: IDA Q=8.1, AEP Q=7.9, AEE Q=7.1 all HSR. Real Estate data centres EQIX (Q=9.1) and DLR (Q=8.4) also HSR — Conviction Negative on all named names.
    4


    Top 5 Highest-Conviction Stocks — Ranked by Expected Value

    # Ticker · Sig Sector Close Q · QChg TP1 · HR SL1 EV Earn
    1 PODD TEVO Health Care $175.04 −8.3 · +0.86 $198.37 · 76% $163.77 8.7% 6 May ⚠
    2 ALNY TEVO $296.11 −7.4 · 0.00 $335.35 · 71% $275.97 7.9% 30 Jul 3 TOL TEVO Consumer Disc. $139.84 −5.7 · −0.14 $154.73 · 77% $128.22 6.6% 19 May ⚠ 4 RUN Top Q ⭐ Industrials $13.06 −8.7 · +0.43 $15.62 · 72% $8.74 6.2% 5 FICO TEVO Info Tech $1,035.50 −8.1 · +0.86 $1,161.28 · 74% $848.32 5.3% 29 Jul


    Magnificent 7 + MAGS ETF — 1 May 2026

    All eight components Advancing Positive · MAGS basket fastest accelerating (+2.14) ⭐ · GOOGL & AMZN Q crossed positive · NVDA at 0.0 — imminent crossing · MSFT deepest score, solid recovery momentum

    LW $43.86  Top Q ⭐  Consumer Staples · Q −6.4, QChg +0.86. 85% TP1 hit rate — highest in Top Q cluster. TP1 $47.31, SL1 $36.33. Earn 22 Jul.

    IDXX $567.46  Top Q ⭐  Health Care · Q −8.7, QChg +0.43. TP1 $608.19 at 84% — second highest in universe. SL1 $510.38.


    Sector Positioning — Quantmatix Framework

    		Conviction ETF Q · QChg Key Signals
    Info Technology Max OW −0.6 · +1.86 ↑ Fastest accelerating. GOOGL/AMZN Q crossed positive. NVDA Q=0.0. FICO TEVO · QLYS TEVO. Financials OW −2.0 · +1.43 ↑ PRU Top Q (Q=−6.7, TP1 $103.14, 69%). GPN TEVO · FIBK TEVO. Consumer Disc. −2.9 · +1.43 ↑ TOL TEVO (TP1 $154.73, 77%) · CMG (TP1 $36.48, 75%) · CRMT · BOOT. Top Q: RH, THO. Comm. Services −1.9 · +1.14 ↑ GOOGL Q=+0.1 (Chg+1.57) · AMZN Q=+0.1 (Chg+1.86) · META Q=−1.3 improving. Industrials Neutral+ −0.6 · +0.86 ↑ RUN Top Q · HEI TEVO (TP1 $290, 73%) · EXPD Top Q (TP1 $155.89, 82%) · MMM TEVO.
    Health Care ⚠ Stock Select −9.4 · −0.86 ↓ ETF deeply negative — do not scale. Individual signals only: PODD, ALNY, IDXX, LLY, CSTL, EBS. Utilities Watch +6.6 · +0.14 → High score, momentum stalling. IDA (Q=8.1), AEP (Q=7.9), AEE (Q=7.1) HSR — Conviction Negative. Consumer Staples UW −2.4 · −0.86 ↓ ETF Declining. LW only Top Q exception within sector.
    Energy Conv. Neg. +5.1 · −1.00 ↓ Sharpest decline in universe. BP, SM, PTEN, MPC, PR all HSR. Iran War premium priced in. Exit. Name Q Score Accel. May 1 % Earnings GOOGL +0.1 +1.57 ↑ +0.23% $385.69 22 Jul AMZN +1.86 ↑ +1.21% $268.26 30 Jul NVDA 0.0 +1.43 ↑ −0.56% $198.45 20 May ⚠ AAPL −1.0 +1.00 ↑ +3.24% $280.14 META −1.3 −0.52% $608.75 29 Jul
    MAGS ETF Roundhill Basket −1.9 +2.14 ↑ ⭐ — $66.87 ETF baseline TSLA −4.4 +0.86 ↑ +2.41% $390.82 MSFT −5.0 +1.29 ↑ +1.63% $414.44 29 Jul

    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.

    Quantmatix · Institutional Research · 3 May 2026

     North America quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix US Sectors - April 27, 2026

    Quantmatix · Institutional Research

    US Sector Research Note — Surge Accelerates to 261 Deep Positive Reversals; Consumer Discretionary Signal Surge to 5 Top Q; Super Bowl Wednesday Ahead



    Executive Summary

    The Quantmatix Bullish Inflection Surge is accelerating. Deep Positive Reversals increased from 253 to 261 this session — confirmation the large-scale mobilisation of stocks from deeply negative Q Score territory into Positive reversal direction is broadening, not stalling. SPX printed 7,165.1 (Q Score −3.0, QChg +1.14), maintaining Positive direction and holding above the Lower Q Band at 7,135.

    Information Technology leads breadth at 80.6% advancing, followed by Financials at 80.3%. The session's most significant structural development is Consumer Discretionary, where Top Q Positive signals have surged from 2 to 5 names — a sector-level broadening event. All seven MAG7 components carry Positive direction heading into the biggest earnings catalyst of the year.

    Market Context

    · Wednesday 29 April = "Wall Street's Super Bowl" — GOOG, AMZN, META and MSFT report alongside Powell's final Fed press conference as FOMC Chair

    · NVIDIA returned to all-time highs (+4.3%) — structural bull framework confirmation

    · Healthcare (XLV) lags −1.4% on sub-sector pressures; individual TQP/TEVO signals remain intact. DHR $172.5M settlement clears primary legal overhang

    · Consumer Discretionary TQP surge (5 active) aligns with improving consumer spending data and easing energy cost pressures


    S&P 500 (SPX) — Index Snapshot · 24 Apr Close

    7,165
    Close
    Q Band Lower: 7,135
    64.8%
    Breadth
    1,278 / 1,971 Positive
    −3.0
    Q Score
    Positive · +1.14 ↑
    1,216
    Advancing
    625 Declining


    Portfolio Positioning — Actionable Framework

    Sector Positioning % Pos Avg QChg DPR TQP · TEVO HSR Key Signals
    Information Technology Max OW 80.6% +0.59 69 1 · 6 3 CTSH ⚠ earn 29 Apr · QLYS · SOUN · MDB · BLKB Financials 80.3% +0.60 63 1 · 3 2 VRTS · WAL · FBK · XLF/KBE ETF preferred
    Consumer Disc ⭐ SURGE OW ↑ 71.7% +0.44 24 5 · 1 1 PLNT · YETI · AEO (avoid F/BC — earn imm.) Health Care OW 60.5% +0.24 42 7 · 5 11 DHR (SL watch) · GRAL · NTRA · PGNY · ISRG
    Industrials Neutral+ 62.4% +0.20 20 1 · 2 HEI (TEVO, EV 12.1%) — primary long Comm Services Neutral 67.1% 11 0 · 0 3 No structural signals. IRDM HSR — reduce. Real Estate 51.4% +0.07 13 2 · 0 0 REXR (TQP) · WY (TQP) — monitor
    Materials UW 44.7% −0.08 1 · 1 4 MLM only notable signal Consumer Staples 32.4% −0.42 No signals. Structural decline. Reduce.
    Energy Max UW 32.3% −0.26 17 Avg QScore +4.57 declining. Exit all. Utilities Max UW 30.9% −0.30 2 0 · 0 10 AWK earn 29 Apr — EXIT TODAY. DTE earn 30 Apr.


    Key Sector Signals — Detailed

    Information Technology Max Overweight

    1 TQP · 6 TEVO · 69 DPR · XLK +2.7% · NVDA ATH

    Financials Max Overweight

    1 TQP · 3 TEVO · 63 DPR · 80.3% advancing · XLF/KBE ETF primary vehicle

    Consumer Discretionary ⭐ SIGNAL SURGE — TQP 2 → 5 Overweight ↑

    Sector-level broadening event · 71.7% advancing · 24 DPR

    Health Care Overweight 7 TQP · 5 TEVO · 42 DPR · XLV −1.4% — sector soft, signals intact

    Industrials Neutral / Positive

    Energy & Utilities — Max Underweight · Exit All 


    Bullish Inflection Surge — Accelerating

    A large-scale mobilisation of stocks from Q Score −4 to −10 turning Positive in reversal direction. When DPR counts increase session-over-session (253 → 261), backtesting confirms this is the highest-confidence scaling signal. 549.5% 10Y return vs 221.9% benchmark, Profit Factor 2.1, avg win +16–18% vs avg loss −8%, Sharpe 1.01–1.19.

    All 7 MAG7 carry Positive direction. NVDA's return to all-time highs is the key structural bull confirmation. MSFT (Q Score −6.3, deepest in MAG7) has the most recovery runway and is up +2.1%. Quantmatix signals no exit for any MAG7 name. Hold all positions.


    Top 5 Highest-Conviction Stocks — Ranked by Signal Hierarchy then EV

    Priority Exits — Today

    QLYS TEVO — Primary IT long Q −7.4 · +0.14 · $84.34 · T1 $98.19 · 72% · EV +9.6% · Earn 5 May ✓
    CTSH TEVO — Half-weight max ⚠ Q −9.3 · −0.14 · $55.11 · SL1 $54.31 ($0.80 away) · EV +10.9% · Earn 29 Apr ⚠ MDB Top Q · SOUN TEVO · BLKB TEVO ⚠ MDB: Q −8.7 EV +3.2% · SOUN: EV +4.1% · BLKB earn 29 Apr ⚠ Reduce: NTCT HSR +9.1 · UI HSR +9.0 Exit despite sector strength VRTS TEVO — Highest EV in sector Q −6.9 · +0.86 · $143.14 · T1 $149.75 · 73% · EV +0.4% · Earn 1 May WAL TEVO — Strong momentum Q −4.1 · QChg +1.14 · $79.44 · T1 $83.26 · 75% FBK Top Q — Strongest QChg in sector Q −4.0 · QChg +1.71 · $53.58 · Long earnings runway Jul VIRT HSR +8.7 — EXIT TODAY QChg −0.43 · $48.53 · Earns 29 Apr ⚠
    PLNT TEVO — Primary vehicle Q −9.4 · 0.00 · $69.62 · T1 $77.30 · 79% · EV +8.0% · Earn 7 May YETI Top Q — Strongest QChg in cohort Q −6.1 · QChg +1.43 · $39.96 · T1 $42.60 · 74% · EV +1.6% · Earn 7 May
    AEO Top Q — Safe earnings window Q −8.1 · +0.71 · $17.91 · T1 $20.03 · 56% · EV +0.2% · Earn 28 May ✓ Avoid F (earn 29 Apr) · BC (earn 30 Apr) Binary risk — wait for post-results confirmation Reduce: TPH HSR +8.7 QChg −0.57 — reduce on any strength DHR TEVO — Watch SL ⚠ Q −8.4 · 0.00 · $177.25 · T1 $204.37 · 79% · SL1 $176.11 ($1.14 away) · EV +12.0% GRAL Top Q — Directional only (~18m data) Q −8.6 · +0.57 · $54.42 · Earn 5 May NTRA Top Q — Strong momentum Q −6.0 · QChg +1.14 · $203.75 · T1 $221.56 · 75% · EV +3.2% · Earn 7 May PGNY · ISRG TEVO PGNY: EV +4.3% earn 7 May · ISRG: EV +2.2% earn Jul ANIK HSR +9.0 — EXIT TODAY QChg −0.43 · $15.37 · Earn 29 Apr ⚠ BCRX Top Q Neg +8.7 · LXRX Top Q Neg BCRX: immediate exit · earn 6 May. LXRX: exit Reduce: MASI HSR +9.1 $178.63 — reduce on any strength HEI TEVO — Anchor long Q −8.9 · 0.00 · $264.04 · T1 $309.56 · 73% · SL1 $256.71 · EV +12.1% · Earn 26 May Reduce: BW HSR +8.4 QChg −0.57 — reduce
    AWK Top Q Neg +4.1 — EXIT TODAY Earns TOMORROW 29 Apr · exit immediately DTE Top Q Neg +6.6 — EXIT TODAY QChg −0.86 · Earns 30 Apr · exit today
    AEE Top Q Neg +7.1 · WEC Top Q Neg +6.0 Both earn 5 May · exit · XLU/IDU ETFs exit all IRDM HSR +9.0 QChg −0.57 · $38.96 — reduce on any bounce Energy: avg QScore +4.57 / avg QChg −0.26. Fading Bull Momentum confirmed. 17 HSR — the most concentrated exhaustion cluster in the tape. No reversal signals active. Exit all Energy without exception.
    261
    ↑ from 253
    Deep Positive Reversals
    19
    ↑ from 16
    Top Q Positive
    18
    Swing EV signals
    TEVO Signals
    549.5%
    vs 221.9% benchmark
    10-Year Return


    Magnificent Seven — All Positive Direction · Hold Into Super Bowl Wednesday 29 Apr

    		Ticker Name Q Score Q Chg Px Change Earnings NVDA ⭐ NVIDIA Corp. −1.4 +1.43 +4.3% 20 May GOOG Alphabet Inc. −1.6 +1.4% 29 Apr ⚠ AMZN Amazon.com, Inc. −1.7 +1.71 +3.4% AAPL Apple Inc. −2.0 +0.43 −0.9% 30 Apr ⚠ META Meta Platforms −2.3 +1.14 +2.4% TSLA Tesla, Inc. −5.3 +0.86 +0.7% 22 Jul MSFT ⭐ Microsoft Corp. −6.3 +0.71 +2.1% 29 Apr ⚠ Sig QChg Close T1 · HR SL1 EV Earn · Action TEVO HEI Industrials −8.9 0.00 $264.04 $309.56 · 73% $256.71 +12.1% 26 May · Hold · Anchor DHR Health Care −8.4 $177.25 $204.37 · 79% $176.11 ⚠ +12.0% 28 Jul · Hold · Hard Stop $176
    CTSH IT −9.3 −0.14 $55.11 $64.75 · 64% $54.31 ⚠ +10.9% 29 Apr ⚠ · Half-weight · Wait post-earn QLYS −7.4 +0.14 $84.34 $98.19 · 72% $74.24 +9.6% 5 May · Hold · Primary IT TEVO PLNT Consumer Disc −9.4 0.00 $69.62 $77.30 · 79% $65.43 +8.0% 7 May ⚠ · Hold · Sector surge Signal Ticker Sector Q Score Reason · Action Top Q Neg AWK Utilities +4.1 Earns TOMORROW 29 Apr — EXIT TODAY
    HSR ANIK Health Care +9.0 VIRT Financials +8.7 Top Q Neg DTE Utilities +6.6 Earns 30 Apr — EXIT TODAY


    Imperative — Tactical Call to Action · 27 April 2026

    1

    Exit AWK, ANIK, VIRT and DTE before today's close — all report tomorrow or Wednesday. AWK (Top Q Neg, earn 29 Apr), ANIK (HSR +9.0, earn 29 Apr), VIRT (HSR +8.7, earn 29 Apr) and DTE (Top Q Neg, earn 30 Apr) all carry exhaustion signals going into binary events. Holding any of these with a Quantmatix exit signal active is an avoidable and unnecessary risk. No exceptions.

    2

    Scale Consumer Discretionary exposure — sector TQP signals surged from 2 to 5. This is the session's most significant structural signal development. Add to PLNT (TEVO, EV +8.0%) as the primary vehicle. Supplement with YETI (TQP, QChg +1.43) and AEO (TQP, safe earnings window 28 May). Avoid F (earns today/tomorrow) and BC (earns 30 Apr). A 5-TQP cluster in a single sector is a high-conviction breadth broadening signal that warrants increased allocation.

    3

    Reduce CTSH to half-weight maximum — EV +10.9% but earnings binary risk tomorrow. The signal is compelling (Q Score −9.3, deepest in IT) but SL1 at $54.31 is $0.80 away from current price. A miss tomorrow triggers the stop automatically. For new IT exposure, QLYS (EV +9.6%, earn 5 May) is the cleaner alternative. Both DHR (SL1 $176.11, $1.14 away) and CTSH require active position management today before the close.

    4

    Hold all 7 MAG7 positions into Super Bowl Wednesday (29 Apr) — no pre-emptive exits. GOOG, AMZN, META and MSFT all report Wednesday alongside Powell's final FOMC press conference. All four carry Positive direction with positive QChg. NVDA has confirmed the bull framework by returning to all-time highs (+4.3%). MSFT (Q Score −6.3, deepest in MAG7) has the greatest recovery runway. The Quantmatix framework signals no exit on any MAG7 name.


    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.


     North America quantmatix research
  • European Bullish Inflection Surge Builds
    QM ResearchQ QM Research
    Quantmatix Europe Research - April 26, 2026

    Sector Diversifiers


    Friday Catalyst Confirmations — Hold · Do Not Fade

    SAP.DE TEVO — +4.7% Friday · Q1 Cloud Beat Confirms

    Q Score −7.7 · QChg +0.57 ↑ · Close €147.28 · T1 €161.30 · 61% HR · SL1 €129.70

    SAP printed Q1 EPS +20% YoY with cloud revenue accelerating. The TEVO signal was active going into the print and is now signal-confirmed. The market was short SAP on AI-disruption fears; the result has reset that narrative. Do not fade strength — hold to TP1.

    NOVO-B.CO TEVO — +5.4% Friday · Phase III Pediatric Data Confirms

    Q Score −7.7 · QChg +0.57 ↑ · Close DKK 259.95 · T1 DKK 278.69 · 76% HR · SL1 DKK 197.25

    Strong Phase III HbA1c data for oral semaglutide in adolescents — first oral GLP-1 in the pediatric T2D market. The 5.4% Friday move is signal-confirming, not signal-exhausting. Earnings 6 May is the second confirmation catalyst. Hold to TP1; do not trim into strength.

    ASML.AS — No Signal · Do Not Chase

    Q Score +2.9 · Negative reversal direction · No Top Q or TEVO signal · MATCH Act overhang

    +2.1% Friday on AI-infrastructure narrative. The Quantmatix framework does not corroborate the move. For European IT exposure use ATE.PA (dual-signal) instead.


    Bullish Inflection Surge — European Framework Building

    233 Deep Positive Reversals across the European universe — broad mobilisation of stocks from Q Score −4 to −10 into Positive reversal direction. The condition mirrors the US framework's mid-cycle build phase. Only 2 Top Q Negative names (BETCO.ST, BORG.ST) versus 26 Top Q Positive — exhaustion is a small fraction of the accumulation side.

    Sector DPR counts: Industrials 36 · Financials 36 · Cons Disc 36 · IT 36 · Health Care 20. Friday's SAP +4.7% and Novo +5.4% are exactly the asymmetric event-window catalysts the backtested framework targets — both were Quantmatix-flagged TEVO before the catalyst.


    Exhaustion & Top Q Negative — Reduce / Exit

    HSR = Q Score ≥ +7 · Negative Reversal Direction · 57 HSR names total — defensive & UK Energy concentrated

    ⭐ Exit Now — UK Energy HSR

    SHEL.L (+7.0) · TTE (+7.7) · ENI (+7.3)

    Energy sector at the bottom of the European table: 35.1% advancing, QChg −0.21, just 1 Top Q Positive across 57 names. The largest HSR cluster by index weight. Exit TotalEnergies, Shell, ENI across UK / French / Italian energy books.

    DAX / SMI Defensive Health Care HSR — Reduce All

    AZN.L +2.6 / Negative dir (Friday −3.7%) · GSK.L +3.6 / Negative (−2.7%) · NOVN.SW +1.7 / Negative (−2.2%) · NESN.SW +2.0 / Negative · ROG.SW −7.0 / Negative / QChg −2.14 deteriorating

    Reduce all ex-Merck-KGaA, ex-Novo-Nordisk Health Care exposure. Roche is worst-positioned mega-cap.

    UK Defensive HSR — Tobacco / Insurance / Utilities

    BEZ.L (Beazley) +7.4 · BCVN.SW (Banque Cantonale Vaudoise) +7.9 · ENG.SM (Enagas) +8.1 (earn 29 Apr ⚠) · EMSN.SW (Ems-Chemie) +8.3. Defensive yield-trade exhaustion cluster — reduce.

    Materials & Mining HSR

    GLEN.L (Glencore) +7.1 · RIO.L +2.6 Negative reversal · STOXX 600 Basic Resources ETF −1.7% Friday. Reduce HSR names; do not add.

    Top Q Negative — 2 Swedish Names · Structural Exits

    BORG.ST (Björn Borg) · Q +4.7 · QChg −0.57 ↓ · Earnings 29 Apr ⚠ — Exit before binary

    BETCO.ST (Better Collective) · Q +7.6 · QChg −0.57 ↓ · Earnings 20 May — Exit / Reduce


    GRANOLAS+ Mega-Caps — Score Distribution & Friday Moves

    NOVO-B and SAP are the standout GRANOLAS+ opportunities — both deepest Q Score (−7.7), Positive direction, TEVO active, both confirmed by Friday catalysts. Hermès, MC, OR, ATE form the French Positive-direction luxury/tech cluster — accumulation candidates.


    European Index Level — Q Score vs Friday Close


    Portfolio Positioning — European Sector Framework

    Quantmatix Research

    European Bullish Inflection Surge Builds — SAP & Novo Nordisk Confirm Signals on Friday Earnings
    UK Distressed Value (BUR) Tops EV Book · Cut FTSE 100 Energy & Defensive HSR

    Sunday 26 April, 2026

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

    Regime Snapshot — Friday Close · 24 April 2026

    Index Tape · SX5E / SXXP SX5E −5.4 · QChg +1.00 ↑ · Positive · Close 5,883
    Breadth Surge Building · 60.6% · 1,424 / 2,348 Advancing Dominant Signal Bullish Inflection Surge · 233 DPR · 26 Top Q Pos · 16 TEVO Friday Action SAP +4.7% Q1 cloud beat · NOVO-B +5.4% Phase III data · Both TEVO confirmed Risk / Exhaustion 57 HSR · 2 Top Q Neg · Exit Energy (SHEL +7.0 · TTE +7.7 · ENI +7.3) Index Laggard FTSE 100 Q −0.6 · QChg −0.43 · Negative · SXXP only major index Negative direction

    Executive Summary

    The European Quantmatix framework is in a building Bullish Inflection Surge. The signal architecture mirrors what triggered in the US framework two weeks ago: 233 Deep Positive Reversals, 26 Top Q Positive, 16 TEVO, and only 2 Top Q Negative — exhaustion is confined to a narrow defensive cluster while breadth accumulates broadly across Industrials, Financials, Consumer Discretionary, IT and Health Care (36 DPRs each).

    Friday validated the framework on the two highest-profile names: SAP closed +4.7% on a Q1 cloud-revenue beat confirming TEVO, and Novo Nordisk closed +5.4% on positive Phase III oral semaglutide pediatric data, also confirming TEVO. Both had Q Score ≤ −7.7 with Positive direction — Quantmatix flagged accumulation, the catalysts delivered.

    Three conclusions: BUR.L is the highest-EV trade in the European book at +18.9% — a deep distressed value reversal at Q Score −9.4. SAP and Novo's Friday confirmations are signal-confirming, not signal-exhausting — hold both into target. The FTSE 100 Energy and defensive Health Care HSR clusters must be cut — Shell, TotalEnergies, AstraZeneca, GSK, Novartis, Roche and Nestlé all carry exhaustion characteristics.


    Top 5 Highest-Conviction Stocks — Ranked by Expected Value

    Intraday prices · ★ = dual signal (Top Q Positive + TEVO)
    # Name Score · Chg Entry · T1 · HR SL1 EV · Earn
    1 BUR.L TEVO
    Burford Capital · UK Financials / Litigation Finance    		 −9.4 · +0.14 £3.38 · £4.42 · 74% £2.64 · 17% +18.9%
    16 Jun    		 2 CCL.L TEVO
    Carnival · UK Consumer Discretionary    		 −5.1 · +0.57 £19.72 · £22.81 · 71% £16.96 +7.6%
    24 Jun    		 3 IWG.L TEVO
    Int'l Workplace Group · Real Estate    		 −7.0 · +0.14 £1.858 · £2.083 · 70% £1.675 +5.8%
    11 Aug    		 4 ATE.PA ★ Dual Signal
    Alten S.A. · French IT Services    		 −5.3 · +0.43 €56.65 · €60.99 · 78% €48.63 +3.5%
    24 Sep    		 5 RMS.PA TEVO
    Hermès · French Luxury    		 −4.7 · +0.29 €1,648 · €1,781 · 67% €1,490 +3.0%
    29 Jul    		 MRK.DE ★ Top Q — Merck KGaA · DAX Health Care −6.3 · +1.00 €111.90 · T1 €118.35 · 78% · Earn 13 May SCHP.SW TEVO — Schindler · Swiss Industrials ⚠ Watch — SMI Negative direction −7.1 · +0.43 CHF 277 · T1 CHF 286 · 69% · Earn 21 Jul 233
    Deep Positive Reversals    		 26
    Top Q Positive    		 16
    TEVO Signals    		 549.5%
    10-Year Return    		 2.1
    Profit Factor    		 Ticker Q Score Q Chg Direction Friday Action
    NOVO-B.CO ★ −7.7 +0.57 Positive · TEVO +5.4% ⭐ Hold — Phase III confirms SAP.DE ★ +4.7% ⭐ Hold — Q1 cloud beat confirms MC.PA −8.0 +0.43 Positive −0.7% Watch — pre-signal accumulation RMS.PA ★ −4.7 +0.29 −1.6% Hold — luxury anchor OR.PA −5.1 +0.4% SAN.PA +1.3 +1.86 Positive ⭐ −2.1% Watch ASML.AS +2.9 +2.1% No signal — do not chase NESN.SW +2.0 −0.14 Negative +1.5% Reduce — defensive exhaustion NOVN.SW +1.7 −1.14 −2.2% Reduce — exhaustion confirmed AZN.L +2.6 −3.7% Exit — pre-Q1 weakness confirms GSK.L +3.6 −0.86 −2.7% Exit — defensive exhaustion ROG.SW −7.0 −2.14 Negative +0.5% Reduce — QChg deteriorating fastest
    Index Close Fri % Read Euro Stoxx 50 (SX5E) −5.4 +1.00 5,883 −0.2% Strongest QChg — primary benchmark CAC 40 (FCHI) −3.0 +0.71 8,201 +0.3% Only major index green Friday — RMS / ATE / OR AEX −1.3 +1.14 1,021 +0.6% Strong tape — ASML, ADYEN driving DAX (GDAXI) −3.6 +0.86 24,129 −0.1% German cyclical recovery — SAP/MRK driving FTSE MIB −1.0 +1.29 47,656 −0.5% Italian recovery — strong QChg IBEX 35 −2.7 17,691 −1.1% Spain Positive QChg — Friday weak Stoxx 600 (SXXP) −4.3 −0.43 611 −0.6% Only major index Negative direction — UK weight drag
    FTSE 100 (UKX) −0.6 10,379 −0.8% Negative direction · Energy / Pharma HSR drag SMI (SSMI) −6.1 −0.71 13,170 −0.6% Worst-positioned — NESN / NOVN / ROG drag Sector Positioning % Pos DPR Context Information Technology Max OW 71.9% 36 SAP +4.7% confirms TEVO. ATE.PA dual signal. Tech ETF +1.7% — sector leader. Financials 70.8% BUR.L #1 EV in book. Banks ETF −0.8% — single-name selection critical. Consumer Discretionary Overweight 62.9% Highest TEVO count. CCL EV +7.6%. RMS / MC luxury cohort Positive direction. Communication Services 67.7% 21 FOUR.L QChg +1.14 — strongest in TQP cluster. Health Care 60.7% 20 Selective: NOVO-B +5.4% & MRK.DE the long names. AZN/GSK/NOVN/ROG/NESN — exit defensive cluster. Industrials Neutral 62.2% 36 SHL.SW + FDR.MC + JM.ST carrying TEVO. Net constructive but breadth modest. Materials 54.1% 8 Resources ETF −1.7% Friday — selective only. Utilities 52.7% 3 No structural signals. Avoid — defensive trade not aligned with surge.
    Real Estate Underweight 45.2% 7 IWG.L is the single TEVO long. Below-50% advancing — single-name only. Consumer Staples 37.5% 4 Structural weakness. Reduce ex-OR.PA. Energy Max UW 35.1% 1 Worst sector. Shell +7.0 / TTE +7.7 / ENI +7.3 HSR. Exit all UK / French / Italian Energy now.


    Imperative — Tactical Call to Action

    1 — Establish BUR.L at £3.38 — the highest-EV trade in the European book at +18.9%

    Q Score −9.4 with Positive direction and Positive reversal direction is the deepest, cleanest distressed-value setup in the framework. TP1 £4.42 at 74% probability. Signal characteristics match the asymmetric setups that drove the 549.5% backtested 10-year edge. Sized appropriately for the wide stop, this is the single highest-conviction position.

    2 — Hold SAP.DE €147.28 and NOVO-B.CO DKK 259.95 — Friday confirmed both TEVO signals

    SAP +4.7% on Q1 cloud beat and Novo +5.4% on Phase III pediatric oral semaglutide are signal-confirming catalysts, not signal-exhausting moves. Do not fade. Novo's 6 May earnings is the second confirmation event. Both are Hold-to-TP1 positions.

    3 — Exit the UK Energy and DAX/SMI defensive Health Care HSR clusters today — no exceptions

    Shell +7.0, TotalEnergies +7.7, ENI +7.3 in Energy. AZN (−3.7%), GSK (−2.7%), Novartis (−2.2%), Nestlé, Roche QChg −2.14 deteriorating. The structural rotation is out of UK/Swiss defensives and into Continental cyclicals — DAX, CAC, FTSEMIB, AEX. Use today's tape weakness as the exit window.

    4 — Use SX5E / DAX / CAC / FTSEMIB as the European benchmark — not SXXP or FTSE 100

    SX5E QChg +1.00 Positive is the strongest weekly read in the index table. SXXP (Stoxx 600) is the only major index with Negative direction — its UK weighting structurally drags the framework. FTSE 100 is similarly compromised. Continental cyclical indices DAX, CAC, FTSEMIB, AEX are the Quantmatix-aligned benchmarks.

    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.


     Europe quantmatix research
  • Bullish Inflection Surge Intensifies
    QM ResearchQ QM Research
    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.


     North America quantmatix research
  • US Sector Update
    QM ResearchQ QM Research
    Quantmatix Research - April 17, 2026

    Sector Diversifiers

    Magnificent Seven — All 7 Advancing · First Time This Cycle

    MAGS ETF Q Score −5.86 (+1.57 Change) · Close $65.31 (+6.82%) · T1 $66.98 at 83% hit rate · Q Band $54.25. TSLA is the only MAGS name with Top Q Positive confirmation — the framework's highest-conviction large-cap expression ahead of 22 April earnings.

    Sector Regime Dashboard — 17 April 2026

    Reduce / Exit

    TW — Tradeweb · Financials · Top Q Negative

    Q +8.14 · −0.71 Declining · Close $121.96 · T1 downside $115.20 · 35% HR · Stop $133.13 · Earnings 29 Apr ⚠

    Top Q Negative confirmation — reduce position ahead of earnings catalyst.

    Energy HSNR Cluster — 17 Names · Reduce on Strength

    Q Score ≥ +7 · Last Reversal Negative · Most concentrated exhaustion cluster in dataset

    COP · LNG · CVX · VLO · PSX · DVN · APA · PBF · CTRA · PTEN · NE · PUMP · GPRE · TDW · TALO · EGY · CLMT

    Quantmatix Research

    Broad Positive Accumulation — Health Care Leads,
    Software & Diversified Financials Surge, Energy Exhausts

    Friday 17 April, 2026

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

    Executive Summary

    The signal cluster is decisively positive. SPX closed at 7,041.28 (+3.29%) with Q Score −4.14 (+0.71 Change, Positive direction), pressing the Weekly Upper Band at 7,071.06. The broad accumulation footprint is the most expansive of the cycle: 12 Top Q Positive · 32 TEVO · 160 Deep Positive Delta Reversals · all seven MAGS names simultaneously Advancing for the first time this cycle.

    Health Care is the highest-conviction long sector. Software & Services (81.1% Advancing) and Diversified Financials (78% Advancing) are Bullish Inflection Surges. Energy is the cleanest exhaustion signal — 17 High Score Negative Reversals. The index targets T1 7,155.70 (75% hit rate) and T2 7,226.11 (59%), with Stop at 6,562.31 (9%) — a highly asymmetric risk-reward configuration.

    SPX Velocity Structure & Key Levels

    Metric Value Distance Note
    Close 7,041.28 +3.29% Q −4.14 (+0.71) · Positive ↑ Upper Band (Weekly) 7,071.06 +0.42% Proximate resistance Target 1 7,155.70 +1.63% Hit Rate 75% — primary objective Target 2 7,226.11 +2.63% Hit Rate 59% Mean Band (Weekly) 6,673.93 −5.22% Primary risk anchor on reversal Stop 1 6,562.31 −6.80% Hit Rate 9% — asymmetric risk-reward Lower Band (Weekly) 6,276.80 −10.86% Downside structural support

    Top 5 Highest-Conviction Stocks

    Ranked by Expected Value = (T1 hit rate × upside%) − (SL1 hit rate × downside%) · ★ = Top Q Positive

    # Name Score · Chg T1 · HR · Upside Q Band EV · Earnings 1 VERI ★ TEVO
    Veritone · IT / Software    		 −6.00 · +1.00 $2.71 · 63% · +28.6% $1.60 +10.0%
    14 May    		 2 CVCO TEVO
    Cavco Industries · Cons Disc / Durables    		 −6.14 · 0.00 $567.15 · 71% · +12.7% $430.54 +6.9%
    28 May    		 3 CSGP TEVO
    CoStar Group · Real Estate    		 −9.14 · +0.71 $44.29 · 74% · +10.6% $34.53 +5.4%
    28 Apr ⚠    		 4 HEI/A TEVO
    HEICO · Industrials / A&D    		 −9.29 · +0.14 $234.68 · 76% · +8.6% $194.57 +5.4%
    27 May    		 5 CRNX ★ Top Q
    Crinetics Pharma · Health Care / Biotech    		 −8.29 · +0.71 $42.50 · 82% · +8.9% $31.90 +4.8%
    07 May    		 ARES TEVO
    Ares Management · Financials / Div Fin    		 −8.71 · +0.86 $125.25 · 80% · +7.8% EV +4.5% · 01 May TSLA ★ Top Q
    Tesla · Cons Disc / MAGS    		 −6.14 · +0.86 $420.47 · 79% · +8.1% EV +3.9% · 22 Apr ⚠ Q Score · Chg Close Session Signal MSFT −7.00 · +1.00 $420.26 +13.32% Positive ▲ · Deepest score TSLA ★ −6.14 · +0.86 $388.90 +11.45% Top Q Positive ★ META −3.71 · +0.86 $676.87 +7.46% Positive ▲ GOOGL −3.00 · +1.00 $332.77 +5.40% NVDA −2.86 · +0.86 $198.35 +5.15% AMZN −3.43 · +1.71 $249.70 +4.75% Positive ▲ · Leads on Change AAPL −2.43 · +0.14 $263.40 +1.12% Positive ▲ · Weakest Change State Sector / Industry Adv% Action
    Bullish Inflection Surge Software · Div Financials · Media 81% / 78% / 73% Max Overweight — stock level Positive / Overweight Health Care · IT Hardware · Insurance · Banks 57% / 67% / 64% / 63% Overweight — stock selection Neutral Semis · Consumer Services · Comm Services 68% / 64% / 69% Hold — selective TEVO only
    Most Mature / Exhaustion Energy · Utilities 17% / 42% Reduce on strength Negative / Underweight Industrials · Real Estate · Materials 35% / 33% / 28% Underweight — single name only
    Most Negative / Max Underweight Food Bev & Tobacco · HHPP · Capital Goods 14% / 25% / 29% Max Underweight — no longs

    Imperative

    1 — Build the core long book around the Top 5

    VERI, CVCO, CSGP, HEI/A, CRNX span five non-overlapping sectors. VERI leads at +10.0% EV with dual Top Q + TEVO confirmation. CRNX carries the highest T1 probability at 82%. Position size against Q Band support on each name.

    2 — Diversify with ARES and TSLA

    ARES (80% T1 hit, EV +4.5%) extends into the Diversified Financials Surge without crowding the Top 5. TSLA is the sole MAGS expression with Top Q Positive confirmation — the cleanest MAG7 long ahead of 22 April earnings. Size TSLA smaller into the catalyst.

    3 — Reduce the Energy HSNR cluster and TW

    17 HSNR names in Energy plus TW Top Q Negative (35% downside-T1 probability). Reduce equity exposure into strength — the framework does not support adding at these levels.

    4 — Manage earnings risk — CSGP 28 Apr · TSLA 22 Apr

    Both sit in the Top 7 long book. Trim size into the print; re-add on post-earnings Q Score confirmation. SPX T1 at 7,155.70 (75%) remains the index anchor.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    Friday 17 April, 2026

     North America quantmatix research
  • US Sector Update
    QM ResearchQ QM Research
    Quantmatix Research - April 14, 2026

    Quantmatix Research

    US Equity Sectors — Signal Intelligence Report
    Iran War Macro Cycle · Q Score Velocity Analysis

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

    Signal Scorecard

    SPX Q Score −4.4 · Declining regime
    SPX Close 6,886 · +1.02% today · +4.15% 1W MAGS Q Score −7.0 · Positive ↑ Top Q Positive 15 Signals · 10 in Health Care Top Q Negative 1 Signal · Utilities (AEE) Deep Positive 67 Instruments · Q ≥ 7.0 Positive Dir

    Executive Summary

    15 Top Q Positive signals are concentrated almost entirely in Health Care (10 of 15), confirming a sector rotation into healthcare names from deeply oversold institutional momentum positions. All 15 carry negative absolute Q Scores now showing Positive weekly direction — a classic mean-reversion signal indicating the velocity of institutional selling has reversed before price recovery is complete.

    MAGS is the standout cross-sector signal: Q Score −7.0 Positive, T1 $64.04 at 83% hit rate. The ETF sits near its 200-day SMA ($61.99), consistent with early institutional re-accumulation. The S&P 500 has now rallied eight consecutive sessions back to pre-war levels.

    CLF (Cleveland-Cliffs) is the most time-sensitive signal — earnings in 6 days on 20 April. The sole Top Q Negative signal, AEE (Ameren), flags Utilities as an institutional exit from a crowded defensive trade as Iran ceasefire signals build. Utilities is today's weakest sector at −0.99%.

    Top Q Positive — Health Care

    10 of 15 signals · Ranked by Expected Value (T1 Hit Rate × T1 Upside%)

    Cross-Sector — MAGS · Highest T1 Hit Rate in Dataset

    At Q −7.0 Positive direction, the Magnificent Seven ETF carries an 83% T1 and T2 hit rate — the highest in today's dataset. Price ($61.76) sits near the 200-week SMA ($61.99), indicating base formation rather than breakdown. The 0% stop-loss hit rate is notable — the Q Score framework is not flagging meaningful downside risk at this entry.

    Other Top Q Positive Signals

    Consumer Discretionary — 2 Signals

    ⚠ Earnings in 6 Days — 20 April

    CLF · Cleveland-Cliffs · Materials · Steel

    Q −8.71 ↑ · Deepest negative Q Score in dataset · EV 6.88 (#4 overall)

    T1 $10.43 · 59% HR · +11.7%  |  T2 $11.11 · 55% HR · +19.0%  |  SL $7.03 · 37%

    Highest SL probability in the cohort at 37% — elevated binary risk around earnings. Seeking Alpha notes improving cash flow and expected Q1 loss trajectory improvement. Position sizing should reflect the binary event.

    Financials — 1 Signal

    79% hit rate at both T1 and T2 — rare double-level consistency. Brazilian digital bank with 100M+ customers. Earnings 12 May.

    Information Technology — 1 Signal · High Variance

    Arithmetic EV highest in dataset at 18.84 — driven by magnitude of upside. Micro-cap liquidity profile requires careful sizing.

    Top Q Negative — Sole Signal · Utilities Unwind

    Utilities today: −0.99% — weakest sector on the session

    AEE · Ameren Corporation · Electric Utilities

    Q +7.00 ↓ Negative direction — reversal FROM a strong positive

    T1 downside $107.80 · 51% HR · −3.6%  |  Stop $117.03 · 51% HR

    Utilities ran as the Iran-war defensive crowded trade. As ceasefire signals build and the SPX posts an 8-session rally, the Q Score data indicates this institutional unwind is early-stage — not mature. The symmetric stop/target hit rates (51%/51%) flag a contested signal; monitor continuation of Utilities underperformance closely.

    Deep Positive Highlights — 67 Total · Top Signals

    Q ≥ 7.0 · Positive Direction · Sustained institutional accumulation at velocity

    # Name Q Score T1 · HR · Upside Q Band Earnings
    1 AZTA
    Azenta · Life Sciences    		 −8.43 ↑ $25.85 · 76% · +10.8% $18.09 6 May 2 CRNX
    Crinetics Pharmaceuticals · Biotech    		 −8.29 ↑ $42.27 · 82% · +9.3% $31.57 7 May 3 HAE
    Haemonetics · HC Equipment    		 −7.86 ↑ $64.51 · 68% · +8.8% $50.97 4 CRL
    Charles River Labs · Life Sciences    		 −7.43 ↑ $191.79 · 71% · +7.5% $145.13 5 PTCT
    PTC Therapeutics · Biotech    		 −7.71 ↑ $74.85 · 71% · +6.3% $60.11 5 May 6 ELMD
    Electromed · HC Equipment    		 $26.72 · 62% · +7.1% $20.75 12 May 7 RGEN
    Repligen · Life Sciences    		 $131.48 · 60% · +7.3% $104.57 8 A
    Agilent Technologies · Life Sciences    		 $122.72 · 67% · +4.4% $105.81 27 May 9 OFIX
    Orthofix Medical · HC Equipment    		 −8.14 ↑ $13.32 · 61% · +5.3% $11.04
    Q Score −7.0 ↑ Positive Close $61.76 T1 $64.04 · 83% HR · +3.7% T2 $65.44 · 83% HR · +5.9% Stop $56.20 · 0% HR CVCO · Cavco Industries · Homebuilding Q −5.71 ↑ $569.79 · 71% · +8.8% · EV 6.31 RVLV · Revolve Group · Online Retail Q −7.14 ↑ $27.01 · 65% · +7.8% · EV 5.04 NU · Nu Holdings · Consumer Finance Q −8.29 ↑ $16.00 · 79% · +7.0% · EV 5.51 VERI · Veritone · AI Software Q −6.00 ↑ Close $2.03 $2.64 · 63% HR · +30.0% $3.01 · 58% HR · +48.3% Stop · Earnings $1.45 · 26% HR  |  14 May Ticker Name · Sector Close DAWN Day One Biopharmaceuticals · Health Care +9.86 $21.49 ADEA Adeia · Information Technology +9.71 $26.74 SEM Select Medical Holdings · Health Care $16.39 EQIX Equinix · Real Estate / Data Centres +9.57 $1,056.84 PARR Par Pacific Holdings · Energy +9.43 $65.81 ACHC Acadia Healthcare · Health Care +9.29 $26.55 DRS Leonardo DRS · Industrials / Defence $47.43 DOW Dow Inc. · Materials $40.11 UI Ubiquiti · Information Technology +9.14 $951.04 VIRT Virtu Financial · Financials $50.89 BW Babcock & Wilcox · Industrials +9.00 $18.24

    Key Observations

    1 — Health Care is the Dominant Rotation Target

    10 of 15 Top Q Positive signals in Health Care. All carry Q Scores between −7.43 and −8.43 with Positive direction — uniform institutional re-entry after deep oversold period. Health Care gained +1.27% today, strongest sector on the session. Pre-earnings windows open now through the 5–12 May period.

    2 — MAGS is the Headline Cross-Sector Signal

    83% T1 and T2 hit rates with 0% stop-loss probability. The Q Score data indicates the Mag 7 basket has cleared the institutional accumulation threshold. Price at the 200-week SMA is base formation, not breakdown.

    3 — CLF Has a 6-Day Earnings Window

    Deepest negative Q Score in the dataset at −8.71 · EV 6.88 · Earnings 20 April. The 37% stop-loss probability is the highest in the Top Q Positive cohort. Explicit position sizing discipline is required.

    4 — Utilities Unwind Confirmed — Early Stage

    AEE (Q +7.00 Negative) and today's −0.99% Utilities session performance are fully aligned. This is early-stage institutional exit from the Iran-war defensive trade, not a mature reversal.

    5 — Deep Positive Themes: Defence, AI Infrastructure, Volatility Beneficiaries

    DRS (Defence, +9.29), EQIX (AI Data Centres, +9.57), and VIRT (Market-Making, +9.14) represent structurally distinct Deep Positive themes. The Q Score data indicates these are sustained institutional positions. DOW's CEO transition adds a catalyst layer to a +9.29 reading already confirmed by Monday's outperformance.

    6 — SPX Q Score Remains Negative at −4.4 Despite 8-Session Rally

    The broad index velocity has not recovered to neutral. The Q Score framework does not endorse broad index exposure at current levels. Signal-specific positioning in the sectors identified above is the indicated approach.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    Monday 14 April, 2026

     North America quantmatix research
  • US Sector Note
    QM ResearchQ QM Research
    Quantmatix Research - April 12, 2026


    Top Q Positive — Top 5 by Expected Value

    Ranked by T1 Hit Rate × T1 Upside% · 11 signals total · ★ = new this edition

    Quantmatix Research

    US Sectors & Stocks — Best Week Since November. Iran Talks Collapse Over Weekend.

    Sunday 12 April, 2026 

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

    ⚠ Critical Alert — Sunday 12 April

    Iran peace talks collapsed over the weekend. Vice President Vance left Pakistan with no deal. President Trump has threatened a Strait of Hormuz blockade (CNBC, 12 Apr). This is a significant re-escalation after the 2-week ceasefire that drove last week's rally. Energy, LNG, and oil-exposed positions face renewed pressure when markets open Monday.


    Executive Summary

    The Q Score framework confirmed a cluster formation this week exactly as anticipated in the 8 April edition. Top Q Positive signals expanded from 7 to 11. The S&P 500 posted its best weekly gain since November, up +3.9%, with SPX Q Score turning Positive for the first time since the Iran War began.

    However, the Hormuz blockade threat announced Sunday introduces a new variable the Friday data does not yet capture. The signal framework's risk reference levels remain valid — but the macro environment has shifted materially over the weekend.


    Signal Scorecard — Fri 11 Apr vs Mon 7 Apr

    Metric 7 Apr 11 Apr Note
    Top Q Positive 7 11 Cluster confirmed Top Q Negative 1 2 LNG new · LIN cont. TEVO Signals 29 14 Compression — signals converted SPX QScore Direction Negative Positive  Direction switch SPX Week — +3.9% Best since November IT Advancing — 50% 4th consecutive week improving

    Key Signal Points

    Cluster Confirmed: Top Q Positive 7 → 11

    Health Care leads with 5 signals. Consumer Discretionary (REAL) and Financials (AIZ, BRBS) join for the first time this cycle.

    SPX Direction Turned Positive

    Q Score −4.86 Positive direction — first confirmed direction change at index level since the Iran War began. Best weekly gain since November. Positive direction confirmed but score remains in negative territory.

    Iran Talks Collapsed. Hormuz Blockade Threatened.

    New significant escalation after Friday close. Energy and LNG names face renewed pressure Monday. Oil re-premium risk is live again. Seeking Alpha (12 Apr): Iran risks "not priced into markets."

    Software Hit by AI Disruption: IGV −7.1%, XSW −6.2%

    Anthropic's Mythos AI model triggered a sharp SaaS selloff Friday. IGV Q Score −7.43 Positive direction — score improving despite price drop. The Q Score signal holds.

    Earnings Season Opens: IBM · MOH · TMO · LVS

    IBM (TEVO, 73.2% HR, T1 $258.26) and MOH (TEVO, 83.7% HR — highest in TEVO list, T1 $164.96) both report Tuesday 22 April. TMO (Top Q Positive, 74%, T1 $522.24) reports Wednesday 23 April. The cluster walks directly into earnings season.


    Magnificent Seven (MAGS) — 5 of 7 Now Positive Direction

    GOOGL flipped Positive (+0.71 — largest Change in MAGS) after three consecutive weeks Declining. NVDA resolved Positive. AMZN carries the strongest Change (+1.00). Only AAPL and TSLA remain outside the positive cluster.

    		Stock Score Chg Direction Week AMZN −5.14 +1.00 Positive ▲ +11.5% GOOGL ★ FLIP −4.00 +0.71 +4.4% META −4.57 +0.57 +9.6% MSFT −8.00 −0.4% NVDA −3.71 0.00 +2.6% AAPL −2.57 −0.43 Declining ▼ flat TSLA −7.00 0.00 Declining ▼ +1.0%


    Top Q Negative — Both Signals

    LNG watches Hormuz directly · High Score Neg Reversals: XLE +8.00 · XOP +8.29 · IEO +8.29

    LNG ★ NEW — Cheniere Energy · Energy [+8.43 · −0.71 Declining]

    Most urgent signal entering Monday. T1 downside $248.80 · Q Band $290.97 · Earnings 7 May. Hormuz blockade threat makes this the highest-conviction negative Velocity signal in the report.

    LIN CONT. — Linde · Materials [+7.29 · −0.71 Declining]

    Continuing signal. T1 downside $481.68 · Q Band $528.12 · Earnings 1 May.


    TEVO — Top 5 by Expected Value

    14 signals total · Top 5 shown · ⚠ = imminent earnings


    Sector Scorecard — Fri 11 Apr


    # Name Score · Chg T1 · HR · Upside Q Band Earnings 1 REAL ★ NEW
    The RealReal · Cons Disc    		 −5.29 · +1.29 $11.28 · 64.7% · +16.4% $7.56 14 May 2 RDDT CONT.
    Reddit · Comm Services    		 −8.43 · +0.57 $157.88 · 50% · +13.0% $110.56 07 May 3 BRKR CONT.
    Bruker · Health Care    		 −7.00 · +1.29 $40.90 · 66.7% · +8.8% $31.24 06 May 4 TMO TEVO CONT.
    Thermo Fisher · Dual Confirmed    		 −8.57 · +0.57 $522.24 · 74% · +5.3% $451.13 23 Apr ⚠ 5 AIZ ★ NEW
    Assurant · Financials    		 −6.57 · +0.71 $230.77 · 71.1% · +5.2% $202.42 05 May AGYS CONT.
    Agilysys · IT    		 −9.00 · 0.00 $79.48 · 69.6% · +27.8% $59.57 18 May JOBY ★ NEW
    Joby Aviation · Industrials · Highest HR    		 −9.14 · +0.14 $10.06 · 83.3% · +20.6% $7.05 MOH ★ NEW
    Molina Healthcare · Health Care    		 −5.57 · +0.43 $164.96 · 83.7% · +13.1% $114.67 22 Apr ⚠ ADP CONT.
    Automatic Data Processing · Industrials    		 −8.57 · 0.00 $215.07 · 69.8% · +13.9% $190.88 29 Apr IBM ★ NEW
    IBM · IT    		 −8.86 · 0.00 $258.26 · 73.2% · +11.9% $211.96 22 Apr ⚠ Sector Adv% ETF Wk Technology −5.29 Positive — 4th wk 50% +4.88% Financials −5.71 Positive — 5th wk 33% +1.8% Comm Services Positive — 3rd wk 58% +2.01% Consumer Disc ★ −7.00 Positive — NEW FLIP 40% +4.38% Utilities +7.29 Positive — Most Mature 62% Health Care −4.43 Declining — stock level only 46% ETF ↓ vs stocks ↑ Energy ⚠ +8.00 Declining — Neg Rev 16% −6.8% Consumer Staples +2.00 Declining — Bull Unwind 20% Materials +2.86 28% Industrials −0.57 Declining — Improving 22% Real Estate +0.14 Declining — Negative 21%

    Imperative

    LNG is the most urgent signal entering Monday. The Hormuz blockade threat makes Cheniere Energy (Top Q Negative, +8.43) the highest-conviction negative Velocity setup in the report. XLE, XOP, and IEO all confirm concurrent High Score Negative Reversals.

    MOH and IBM are the highest-priority TEVO setups this week — both report Tuesday 22 April. MOH carries the highest T1 hit rate in the TEVO list (83.7%). Both enter earnings with the Q Score framework confirming positive Velocity.

    Health Care engagement should be at stock level only. TMO (earnings 23 Apr, dual Top Q Positive + TEVO, 74% HR) is the immediate priority. The XLV ETF does not reflect the stock-level accumulation confirmed across 5 Top Q Positive signals this edition.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    Sunday 12 April, 2026

     North America quantmatix research
  • Ceasefire Cluster Developing
    QM ResearchQ QM Research
    Quantmatix — Ceasefire Briefing · 8 April 2026

    Ceasefire Cluster Developing — Significant Number of Positive Signals. Watching for Confirmation.

    A significant signal cluster is forming. Here's what the data says.
    Wednesday 8 April 2026 · Q Score data: Tuesday 7 April close
    Liam Boggan · CEO & Founder · Quantmatix
    ⚑ What We Are Watching
    Tuesday's ceasefire rally — stocks up strongly, oil down 18%, fear index down sharply — was one of the biggest single-day moves of this cycle. Our signal scores haven't yet fully updated to reflect it. We expect a significant cluster of new buy signals to form in the next data refresh. The question we're focused on is: precisely where does institutional money go next? Technology and Financials are leading the answer.
    What Happened

    On Tuesday evening, a 2-week ceasefire was announced between the US and Iran. Markets responded dramatically on Tuesday: oil fell 18% (its biggest single-day drop since 2020), stocks surged globally, and the fear index (VIX) collapsed.

    Critically, this is a pause, not a resolution. The ceasefire is a 2-week negotiating framework. BNY's chief strategist noted the situation is "unlikely to return to what it was before the conflict." Nasdaq short positions are still at 91% — institutional investors are not yet convinced this is over. Our broad market signal (SPX Q Score) remains negative and has not reversed direction.

    But beneath the surface, our signals had already been picking up accumulation in Technology and Financials for three to four consecutive weeks — before the ceasefire. The price move on Tuesday is confirming what the data was already pointing toward.

    The Big Shifts
    ↓
    Energy stocks — the trade is changing
    Oil prices fell sharply on the ceasefire news, and energy company stocks have been declining for weeks already. Our signals had flagged this peak in energy equities before the ceasefire hit. The war premium that drove these stocks is now unwinding. Williams Companies (WMB) already triggered our peak/exit signal. Reduce energy equity exposure.
    !
    Volatility — the signal confirmed, reduce exposure
    We flagged the risk of a volatility reversal for three consecutive weeks. On Tuesday it confirmed: the fear index (VIX) fell sharply to 20.32. The data says reduce long volatility positions. Don't hold them on the view that the war isn't truly over — the signal is the signal.
    ↑
    Technology — three weeks of building momentum
    Technology is now the strongest sector in our universe, with 60% of individual tech stocks showing improving momentum — the highest of any sector. This improvement started three weeks ago, before the ceasefire. XLK (the tech ETF) is showing its third consecutive week of improving scores. Key names: Microsoft and Amazon are both confirmed tactical buy setups with strong historical hit rates.
    Financials — four weeks of building momentum, 9 buy setups
    Financials are showing their fourth consecutive week of improving momentum. This week produced 9 tactical buy setups (TEVO signals) in financial stocks — the largest count of any sector. Like Technology, this accumulation was already building before the ceasefire catalysed the price move.
    Safe havens unwinding
    The defensive sectors that held up during the war — Consumer Staples, Industrials, and Materials — are now rolling over quickly. Capital is rotating out of these havens and into Technology and Financials. Reduce positions in these sectors; the defensive premium has been distributed.
    ?
    The big tech names — now treat them individually
    The "Magnificent Seven" is no longer moving as one. Meta flipped to positive momentum for the first time this cycle. Microsoft and Amazon are confirmed buy setups. But Alphabet has actually deteriorated significantly in momentum terms despite its share price rising. Tesla fell on a day markets celebrated the ceasefire. Nvidia reversed after just one week of improvement. Own Microsoft and Amazon; be cautious on the rest.
    Strongest POSITIVE Signals This Week

    Our buy signal count grew to 29 tactical setups (up from 19 last week). Here are the standouts:

    Robinhood (HOOD)
    Financial services · Highest historical hit rate in this report · Earnings 28 April
    Target $80.53 · +15.6%
    84.6% historical hit rate
    Stop $56.23
    Kyndryl Holdings (KD)
    IT services · Highest expected value in the TEVO list · Earnings 6 May
    Target $15.93 · +22.6%
    75% historical hit rate
    Stop $7.32
    Microsoft (MSFT)
    Technology · 2nd consecutive week as a buy setup
    Target $397.16 · +6.7%
    73% historical hit rate
    Stop: Q Band reference
    Amazon (AMZN)
    Target $225.46 · +5.5%
    74% historical hit rate
    Thermo Fisher (TMO)
    Health care · Dual confirmed signal · Earnings 23 April ⚠
    Target $517.05 · +5.6%
    Stop $447.91
    Astera Labs (ALAB)
    Technology · Highest expected value in the Top Q Positive list
    Target $141.63 · +19.0%
    Stop $83.06
    Exit Signals — Act Now
    Quest Diagnostics (DGX)
    Health care · Most urgent — earnings in 13 days on 21 April
    Downside ref $188.92
    Score deteriorating · Exit now
    Linde (LIN)
    Materials · Peak signal confirmed · Earnings 7 May
    Downside ref $475.45
    Score +7.14 · Declining

    Also reduce: energy ETFs (XLE, XOP, IEO) on any remaining strength. The energy equity trade has peaked — the ceasefire removes the supply premium that drove these stocks.

    What to Focus on This Week
    • 1Exit DGX immediately. Earnings are 21 April — 13 days away. The signal has peaked and the clock is ticking. This is the most time-sensitive action in this report.
    • 2Reduce long volatility positions. The VIX reversal signal we flagged for three weeks has now confirmed. The data says reduce — regardless of your view on whether the war is truly over.
    • 3HOOD is the standout tactical setup. 84.6% historical hit rate on target 1. The ceasefire compression of risk premiums is directly aligned with a retail financial platform like Robinhood. Earnings on 28 April create a time window.
    • 4Technology and Financials are the rotation destination. Both sectors have been building momentum for 3–4 consecutive weeks. Use individual stock signals (Microsoft, Amazon, Kyndryl, Robinhood) rather than buying the broad ETFs, which haven't yet confirmed their own direction reversals.
    • 5Watch for the next signal update. Tuesday's rally will generate a significant cluster of new positive signals when the scores refresh. We'll map precisely where that cluster forms — that's where the data will confirm institutional capital is repositioning.

    Source: Quantmatix — US Market Data

    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.

     North America quantmatix research
  • Crude Doesn't Do Easter
    QM ResearchQ QM Research
    Quantmatix Easter Weekend Edition - April 3, 2026
     Global Macro quantmatix research
  • Global Macro Research Note
    QM ResearchQ QM Research
    Quantmatix Global Macro Research Note - March 28, 2026
     Global Macro quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix US Sector Research Note - March 28, 2026
    •  North America quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix US Sector Research Note - March 26, 2026
     North America quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix Research Note - March 25, 2026

    US Sector Research Note

    The "Hormuz Relief" Trap: Synthetic Gains vs. Structural Velocity

    March 25, 2026

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

    Executive Summary

    Quantmatix data for the March 25 identifies a significant divergence between the +0.86% pre-market uptick and the underlying Institutional Momentum. While headlines regarding a U.S. peace proposal have provided a transient price boost, the Q Score—which measures the speed and direction of market momentum—remains anchored at -5.3 (Declining). This indicates that the current move is a "Relief Rally" or "Bull Trap" driven by synthetic liquidity rather than a structural trend reversal.

    The S&P 500 Index (SPX) closed at 6,606.00, still failing to reclaim its institutional mean, while the Dow Jones Industrial Average (INDU) remains in a state of total participation collapse with 93.3% of its components declining.

    Market News Context

    15-Point Peace Framework

    President Trump has reportedly sent a 15-point ceasefire proposal to Tehran; mediators from Turkey, Egypt, and Pakistan are pushing for a high-level summit by Thursday to end the month-long "Iran Excursion."

    Hormuz Reprieve

    Positive sentiment was triggered by reports that Iran is permitting "non-hostile" commercial vessels to pass safely through the Strait of Hormuz, easing the immediate energy chokehold that had driven Brent crude to recent highs.

    Front-Running Investigation

    The "Treason Trade" narrative is under intense scrutiny following reports of a $1.5 billion S&P 500 futures purchase executed just 15 minutes before the White House news broke on Monday; regulators are now investigating outsized positioning in oil and index futures.

    Inflationary Undercurrents

    Despite the dip in oil prices below $100/barrel, U.S. wholesale inflation data unexpectedly accelerated to 3.4%, suggesting the Fed may remain in a "higher-for-longer" regime regardless of a ceasefire.

    S&P 500 (SPX) Index Analysis

    The market remains in a high-volatility "Markdown" phase. The +0.86% rally failed to breach the primary overhead ceiling, keeping the "Sell the Rip" regime intact.

    Momentum & Velocity: The Q Score of -5.3 (Declining) shows that velocity is still favoring the downside despite the short-term price bounce.

    Actionable Objectives: Target 1 at 6,681.42 (77% Hit Rate). Target 2 at 6,780.89 (61% Hit Rate).

    Institutional Levels:

    Weekly Mean: 6,771.81 (Primary Overhead Resistance)

    Weekly Resistance: 7,078.33 (Hard Ceiling)

    Weekly Support: 6,465.29

    Risk Guardrail: The absolute Stop Loss is strictly identified at 6,170.36 (90% Hit Rate). Institutional selling remains dominant while price action stays below the Mean.

    Magnificent Seven (MAGS) Contextual Analysis

    Institutional participants continue to use the largest tech names as a source of cash. No MAGS constituent has moved into a positive structural trend despite the peace-plan headlines.

    Stock Q Score Direction Context
    APPLE (AAPL) -1.7 Declining Failed to hold average price; momentum breaking ALPHABET (GOOGL) -2.4 Constant selling; testing 5% mean floor NVIDIA (NVDA) -4.0 AI margins hit by rising energy costs META (META) -4.9 Capital exiting into treasury assets AMAZON (AMZN) -6.6 Shipping cost volatility structural headwind TESLA (TSLA) -6.7 Advancing Oversold; lacks velocity for new trend MICROSOFT (MSFT) -9.0 Declining Weakest leader; heavy selling persists

    Portfolio Positioning Framework

    Key Actionable Clusters

    1. Terminal Decline: Regional Banks & Homebuilders (Most Negative)

    In Regional Banks (KRE) and Homebuilders (XHB), more than 96% of stocks are in a declining trend. The reported peace proposal has failed to attract institutional buyers to these sectors, confirming that the exit by large players is structural and the "Treason Trade" skepticism remains high in the credit markets.

    2. Relative Resilience: Software (Neutral / Positive Bias)

    Software & Services (XSW) is the only major growth cluster showing an improving state (+1.7% Advancing Change). While broad benchmarks are being liquidated for cash, the internal participation in Software is stabilizing at 49.6%, suggesting capital is seeking shelter in high-margin digital models.

    Highest Conviction Stocks

    Prioritized by: 1. Top Quantmatix ⭐, 2. TEVO, 3. Delta Reversals

    High-Conviction Positive Ideas (Overweights)

    ⭐ EDWARDS LIFESCIENCES (EW) [-3.7, Top Quantmatix]

    Top pick for a market floor; fresh professional accumulation in defensive healthcare.

    ⭐ HEWLETT PACKARD (HPE) [-4.0, Top Quantmatix]

    Tech infrastructure leader moving positively despite broader tech weakness.

    ⭐ UIPATH INC (PATH) [-6.4, Top Quantmatix]

    Strong upward velocity; decoupling from the negative software environment.

    ⭐ TARSUS PHARMA (TARS) [-3.9, Top Quantmatix]

    Hit strong institutional support; primary pick in clinical healthcare cluster.

    SCILEX HOLDING (SCLX) [-8.3, TEVO]

    High-conviction floor signal within the Biotech cluster.

    ROSS STORES (ROST) [8.1, Delta Reversal]

    New upward move beginning in consumer value as "War Trade" fades.

    NEW YORK TIMES (NYT) [7.3, Delta Reversal]

    Institutional footprint strengthening; record demand for information during conflict.

    High-Conviction Negative Ideas (Underweights)

    LIBERTY ENERGY (LBRT) [8.9, Delta Reversal]

    Upward trend broken; data suggests the top is in for the energy war-premium.

    CNX RESOURCES (CNX) [8.0, Delta Reversal]

    Momentum stalled at high score; exhaustion confirmed in energy sector.

    ⭐ DEERE & CO (DE) [6.1, Top Quantmatix]

    Heavy liquidation as industrial demand hits cyclical ceiling.

    ⭐ CBOE GLOBAL MARKETS (CBOE) [7.4, Top Quantmatix]

    Trend shifted to downside; liquidity exiting financial market infrastructure.

    MICROSOFT (MSFT) [-9.0, Declining]

    Most sold stock in large-cap tech; zero evidence of a momentum floor.

    Action Sectors BULLISH INFLECTION SURGE None — no sector meets criteria for new structural buying MOST MATURE POSITIVE Energy (XLE), Oil & Gas Exploration (XOP) POSITIVE / OVERWEIGHT iShares MSCI Canada (EWC), S&P/TSX Composite NEUTRAL / POSITIVE BIAS Software & Services (XSW), Telecom (XTL) NEUTRAL / NEGATIVE BIAS Utilities (XLU) BEWARE / EXHAUSTION Oil & Gas Services (XES) FADING BULL MOMENTUM Capital Markets (KCE), Insurance (KIE) NEGATIVE / UNDERWEIGHT SPX, RIY, NDX, Materials (XLB), Financials (XLF), Tech (XLK), Consumer Staples (XLP), Real Estate (XLRE), Biotech (XBI), Health Care Equipment (XHE), Health Care Services (XHS), Pharma (XPH), Retail (XRT), Semiconductor (XSD), Transportation (XTN) MOST NEGATIVE INDU, OEX, MID, RTY, Industrials (XLI), Health Care (XLV), Consumer Disc. (XLY), Comms (XLC), Metals & Mining (XME), Banks (KBE), Regional Banking (KRE), Homebuilders (XHB)

    The Imperative: High-Conviction Tactical Summary

    Institutional participants have triggered definitive "Exit" signals in Energy (LBRT, CNX) and Capital Goods (DE), confirming the peak of the war-related rally.

    A localized cluster of leaders, including Edwards Lifesciences (EW) and Hewlett Packard (HPE), is exhibiting positive velocity against the falling market tide.

    Homebuilders (XHB) and Regional Banks (KRE) remain in "Terminal Distribution," where breadth has collapsed and support is structurally absent.

    The extreme -9.0 Q Score in Microsoft (MSFT) and the Negative Reversal in Apple (AAPL) confirm that the largest stocks in the world are still being used as liquidity sources by major institutions despite the +0.86% relief bounce.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    25 March 2026

     North America quantmatix research
  • The Digital Fortress & Bio-Shelter
    QM ResearchQ QM Research
    Quantmatix Research Note - March 20, 2026

    Research Note

    The Digital Fortress & Bio-Shelter: Software Inflections and the Biotech Alpha Cluster

    March 22, 2026

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

    Executive Summary

    Quantmatix data for the March 20 close identifies a definitive structural break in broad-market Institutional Momentum. The S&P 500 (SPX) closed at 6,594.63, reflecting a high-velocity breakdown as the index fails to reclaim its institutional mean. The Q Score currently sits at -4.4 and is firmly Declining.

    The dominant market regime is now one of institutional selling in physical cyclicals, forced by the energy supply shock. However, we are tracking a Significant Shift Positive in two defensive "shelters": Software & Services (XSW) and a potent Biotech Alpha Cluster. While broad benchmarks face liquidation, capital is concentrating in "Asset-Light" models that remain decoupled from the $120/bbl Brent Crude environment and the escalating Hormuz blockade.

    Market News Context

    Hormuz Blockade Persistence

    Iran's maritime blockade remains the central catalyst for global supply shocks. Sustained energy costs are acting as a structural tax on industrial margins, accelerating the aggressive exit from Materials and Homebuilders.

    Sovereign Cyber Defense

    State-sponsored attacks on Western power grids have transformed digital security and infrastructure software from corporate preferences into sovereign necessities. This is fueling the entry into the Palantir (PLTR) and Palo Alto (PANW) clusters.

    Biotech Decoupling

    Institutional capital is centering on the Biotech Alpha Cluster as these names rely on idiosyncratic clinical milestones rather than global shipping logistics or fuel-heavy supply chains.

    S&P 500 (SPX) Index Analysis

    The SPX remains in a high-volatility regime, failing to reclaim support following the geopolitical shock.

    Momentum & Velocity: The Q Score of -4.4 (Declining) signals that a sustainable floor has not yet been established.

    Actionable Objectives: Target 1 (6,681) is broken. Price action is gravitating toward Target 2 at 6,580, the primary technical floor for the March cycle.

    Institutional Levels:

    Weekly Mean: 6,815.1 (Primary Resistance)

    Weekly Support: 6,505.6

    Risk Guardrail: The absolute Stop Loss is strictly identified at 7,170. Institutional selling remains dominant while price action stays below the Mean.

    Magnificent Seven (MAGS) Contextual Analysis

    The MAGS complex is acting as the primary source of cash for the rotation into infrastructure and biotech. No constituent currently holds an "Advancing" direction.

    Stock Q Score Direction Context
    APPLE (AAPL) -0.6 Declining Defensive interest fading ALPHABET (GOOGL) -1.3 Institutional selling dominant NVIDIA (NVDA) -3.7 Energy shock, capex fatigue META (META) -4.3 Exiting for defense assets AMAZON (AMZN) -6.3 Logistics cost inflation TESLA (TSLA) -6.9 Structural weakness 60+ days MICROSOFT (MSFT) -9.0 Declining Signal failed, selling persists

    Portfolio Positioning Framework

    High-Conviction "Shelter" Clusters

    1. The Biotech Alpha Cluster (⭐ Top Quantmatix)

    While the broad sector breadth is lower than Software, the Top Quantmatix ⭐ Cluster within Healthcare represents our highest conviction structural signals. These are non-cyclical "Risk-Off" growth plays:

    ⭐ SCILEX HOLDING (SCLX): Score -8.3. Deeply oversold but now Advancing. The highest conviction floor in the database.

    ⭐ EDWARDS LIFE (EW): Score -4.3. Defensive growth play showing fresh accumulation and an Advancing direction.

    ⭐ TARSUS PHARMA (TARS): Score -4.1. Leading the current high-velocity healthcare surge.

    2. Software Inflection: The Targeted Surge (TEVO Cluster)

    We are identifying a precise institutional footprint in Software. These names are moving positively, decoupling from broad tech weakness through their role in enterprise efficiency and digital security:

    PEGASYSTEMS INC (PEGA): Score -7.3. 71% Hit Rate for Target 1 (48.22), a potential +11.05% move.

    PAYCHEX INC (PAYX): Score -7.7. 70% Hit Rate for Target 1 (98.24).

    PAYPAL HOLDINGS (PYPL): Score -5.3. 69% Hit Rate for Target 1 (48.30).

    CARGURUS INC (CARG): Score -5.0. 68% Hit Rate for Target 1 (35.69).

    3. Terminal Exhaustion: Sectors to Exit (Negative Cluster)

    Institutions are liquidating these high-score names as they exit the "War Trade." Get out now:

    ⭐ CBOE GLOBAL MARK (CBOE): Score 8.3, Negative Reversal (20 Mar). Institutional exit from financial infrastructure.

    ⭐ DEERE & CO (DE): Score 6.9, Negative Reversal (20 Mar). Cyclical exhaustion in capital goods.

    KINIKSA PHARMA (KNSA): Score 4.6, Negative Reversal (20 Mar). Tactical exit in the pharmaceutical space.

    Highest Conviction Stocks

    Prioritized by: 1. Top Quantmatix ⭐, 2. TEVO, 3. Delta Reversals

    ⭐ SCILEX HOLDING (SCLX) [-8.3, Top Quantmatix]

    Structural signal marking a high-conviction floor in the biotech cluster.

    ⭐ HEWLETT PACKARD (HPE) [-4.6, Top Quantmatix]

    Defensive tech infrastructure; Advancing direction with low duration resilience.

    ⭐ EDWARDS LIFE (EW) [-4.3, Top Quantmatix]

    Defensive growth play showing fresh institutional accumulation.

    ⭐ TARSUS PHARMA (TARS) [-4.1, Top Quantmatix]

    High-conviction entry in the healthcare surge.

    PEGASYSTEMS (PEGA) [-7.3, TEVO]

    Highest expected value in the Software cluster (+11.05% move).

    PAYCHEX (PAYX) [-7.7, TEVO]

    Reliable 70% hit rate for Target 1; high institutional conviction.

    PAYPAL (PYPL) [-5.3, TEVO]

    Positive inflection point from deep value.

    APPLOVIN (APP) [-7.9, Delta Reversal]

    Strongest velocity reading in the digital stack.

    PALANTIR (PLTR) [-7.6, Delta Reversal]

    The primary "Digital Fortress" play for infrastructure security.

    Action Sectors LEAD SURGE Software (XSW) ALPHA CLUSTER Biotech (XBI) STAY / HOLD Utilities (XLU) MATURE POSITIVE Energy (XOP / XLE) EXHAUSTION / EXIT Materials (XLB), Industrials (XLI) MOST NEGATIVE Regional Banking (KRE)

    The Imperative: Critical Tactical Actions

    ROTATE capital aggressively into the Selective Software Surge (PEGA, PAYX, PYPL) and the Biotech Alpha Cluster (SCLX, EW, TARS). These represent the only high-velocity positive inflections in a broken tape.

    TERMINATE exposure to Materials (XLB) and Homebuilders (XHB) immediately. Acceleration has collapsed below 22% and 7%, respectively.

    LIQUIDATE Deere & Co (DE) and CBOE Global Markets immediately following their Top Quantmatix ⭐ Negative Reversals.

    SIDELINE Microsoft (MSFT). The failed reversal confirmation warns that institutional selling is still persistent; do not attempt to buy the dip.

    RISK MANAGEMENT: Utilize the 7,170 Stop Loss as the ultimate risk exit for the SPX. Monitor Target 2 at 6,580 as the primary downside objective for the current cycle.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    COB March 20, 2026

     North America quantmatix research
  • US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix US Sector Research Note - March 20, 2026

    Key Actionable Sectors

    Software (XSW): The Bullish Inflection Surge

    The Software sector has shifted into a primary opportunity zone. While the broad regime is low (11.1%), the massive surge in Acceleration (56.4%) indicates a significant structural pivot. We are identifying several Deep Positive Delta Reversals (Score -4 to -10) that are now Advancing:

    APPLOVIN (APP) ⭐: Score -7.9, Advancing. Reversal triggered 13 Mar '26.

    PALANTIR (PLTR): Score -7.6, Advancing. Reversal triggered 19 Mar '26 (TEVO).

    PALO ALTO (PANW): Score -6.0, Advancing. Reversal triggered 19 Mar '26 (TEVO).

    High Score Negative Signals: The Basis for Selection

    A score between +8.0 and +10.0 in a negative reversal is the strongest possible signal of a "structural institutional exit."

    CBOE GLOBAL MARK (⭐😞 Score 8.3, 19 Mar '26. Highest priority Top Quantmatix negative signal.

    MASTEC INC (MTZ): Score 8.6, 13 Mar '26. Highest negative magnitude in infrastructure space.

    ARCHER-DANIELS (ADM): Score 8.4, 19 Mar '26. Structural breakdown in food security complex.

    NORTHROP GRUMMAN (NOC): Score 8.1, 19 Mar '26. Defense bid reaching terminal velocity exhaustion.

    Highest Conviction Stocks

    ⭐ APPLOVIN CO-CL A [-7.9, Top Quantmatix]

    Reversal Date: 13 Mar '26. Exceptional velocity in a broken tech tape; institutional demand is persistent and accelerating.

    ⭐ EDWARDS LIFE [-4.3, Top Quantmatix]

    Reversal Date: 19 Mar '26. A defensive growth play showing high speed and advancing direction; institutional core accumulation.

    PALANTIR TECHN-A [-7.6, TEVO]

    Reversal Date: 19 Mar '26. Direct alignment with grid security; high momentum score with advancing direction.

    PALO ALTO NETWOR [-6.0, TEVO]

    Reversal Date: 19 Mar '26. Cybersecurity infrastructure demand remains inelastic; high conviction institutional re-entry.

    SCILEX HOLDING C [-8.3, Delta Reversal]

    Reversal Date: 13 Mar '26. Deeply oversold but now Advancing; high expected value for mean-reversion move.

    US Sector Research Note

    Infrastructure Strike—Trimming Terminal Exhaustion for the Software & Energy Inflection

    March 20, 2026

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

    Executive Summary

    Quantmatix data for the March 20 close identifies a critical structural transition as institutional capital begins to "re-sleeve" risk into tangible, high-velocity assets while liquidating mature tech and cyclical laggards. The S&P 500 (SPX) continues its high-velocity breakdown; The Q Score sits at -3.9 and is firmly in a Declining state.

    We are observing a Significant Shift Positive for the Software (XSW) sector, where a massive 56.4% Acceleration against a low regime indicates a powerful institutional bottom-fishing event. Conversely, a cluster of High Score Negative Reversals in defense and infrastructure enablers suggests that the initial "war trade" surge has reached terminal exhaustion.

    Market News Context

    Strait of Hormuz Supply Paralysis

    Following Iran's declaration of a "maritime blockade," Brent Crude has surged toward $120/bbl, paralyzing 20% of global seaborne trade and forcing an immediate rotation into U.S.-based Energy and Oil & Gas exploration.

    Geopolitical Grid Defense

    Retaliatory drone strikes on global energy hubs have accelerated capital flows into resilient domestic power providers (Utilities), viewing them as sovereign-backed safe havens.

    Fed-Induced Deleveraging

    Updated 2026 inflation forecasts of 2.7% have extinguished hopes for a mid-year pivot, keeping the "higher-for-longer" discount rate pressure firmly on high-duration technology.

    S&P 500 (SPX) Index Analysis

    The SPX is undergoing a synchronized velocity decline, failing to reclaim its weekly mean.

    Momentum & Velocity: The Q Score is -3.9, Declining. Momentum is fading as institutional sellers maintain control of the immediate direction.

    Target Prices: Target 1 (6,681) was achieved and broken. Price action is now tracking toward Target 2 at 6,580, representing the March technical floor.

    Levels: The Weekly Mean is 3.04% above the current price. Weekly Resistance is at 7.24%.

    Risk: The absolute Stop Loss is strictly identified at 7,170.

    Magnificent Seven (MAGS) Contextual Analysis

    The MAGS complex is acting as the primary source of funds for the infrastructure rotation; no constituent currently holds an Advancing direction.

    Stock Q Score Direction Context
    APPLE INC (AAPL) -0.6 Declining Fading defensive bid ALPHABET INC-A (GOOGL) -1.1 Distribution dominant NVIDIA CORP (NVDA) -3.7 Capex overhang pressure META PLATFORMS (META) -4.3 High duration risk AMAZON.COM INC (AMZN) -6.3 Logistics cost inflation TESLA INC (TSLA) -6.9 Structural weakness persists MICROSOFT CORP (MSFT) -9.0 Declining Signal failed to confirm

    Portfolio Positioning Framework

    Category Sectors Bullish Inflection Surge Software (XSW) Most Mature Positive Oil & Gas (XOP), Utilities (XLU), Energy (XLE) Positive / Overweight Telecom (XTL) Neutral / Positive Bias Real Estate (XLRE), Health Care Svcs (XHS), Biotech (XBI), SPTSX Exhaustion / Rotation Alert Oil & Gas Equip (XES), Materials (XLB), Staples (XLP), Homebuilders (XHB) Neutral / Negative Bias Industrials (XLI), Retail (XRT), Semis (XSD), Banks (KBE/KRE), Transportation (XTN) Negative / Underweight Technology (XLK), Financials (XLF), Capital Markets (KCE), Insurance (KIE)

    Imperative

    Terminate exposure to Homebuilders (XHB) and Materials (XLB) immediately. Their collapse in Acceleration to 6.5% and 25.0% respectively signals the end of their leadership cycle. Rotate capital aggressively into the Software surge (PLTR, PANW) and Energy (XOP).

    Microsoft (MSFT) has failed to confirm its reversal; remain sidelined as institutional distribution remains dominant. Utilize the 7,170 Stop Loss as the ultimate risk threshold for the SPX, and watch for Target 2 at 6,580 as the primary downside objective.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    COB March 19, 2026

     North America quantmatix research
  • Quantmatix US Sector Research Note
    QM ResearchQ QM Research
    Quantmatix Research - March 16, 2026 Advancing 06 Mar '26 (Positive) ALPHABET INC-A (XNGS) 0.6 Declining 20 Feb '26 (Negative) AMAZON.COM INC (XNGS) -5.3 27 Feb '26 (Negative) META PLATFORMS-A (XNGS) -3.1 13 Feb '26 (Negative) NVIDIA CORP (XNGS) -2.4 TESLA INC (XNGS) -6.7 23 Jan '26 (Negative)

    Quantmatix US Sector Research Note

    Significant Signal Cluster: Software Resilience & Strategic Rotation

    16 March 2026 | 11:30 AM GMT 

    Prepared by: Liam Boggan, Quantmatix CEO and Founder, Head of Research

    Executive Summary: Index & Sector Dynamics

    Quantmatix data for the March 13th close confirms a major divergence in Institutional Momentum. While the broad global market remains stagnant, the Software & Services sector is signaling a structural shift in capital allocation.

    The US Software Sector (representing the 117 stocks of the XSW ETF) shows 50 stocks currently in an Advancing direction. Most significantly, we have identified a significant cluster of 23 positive signals within this group. This cluster represents a coordinated move by institutional capital into software infrastructure and cybersecurity as a defensive response to the ongoing Iran war. In stark contrast, the China Software sub-sector is exhibiting extreme weakness, with a Significant Negative Cluster of 5 sell signals.

    The Q Score, which is a proprietary measure of Velocity (Direction and Momentum), confirms that institutional conviction is centering on US-based digital defense while broad indices fail to find a floor.

    		 style="margin: 0 0 25px 0; color: #DEDC04; font-size: 18px; font-weight: bold; text-transform: uppercase; letter-spacing: 0.5px;"> Market News Context: The Impact of Conflict

    Energy Supply Shock

    Brent Crude has stabilized above $104.37 following the effective closure of the Strait of Hormuz. This supply shock is forcing corporations to prioritize software that enables digital efficiency and operational resilience.

    Cyber Warfare The conflict has entered a digital phase. Recent state-sponsored attacks on Western infrastructure have transformed cybersecurity into a mandatory national security priority.

    Macro Headwinds With US GDP growth revised down to 0.7%, professional investors are moving away from physical cyclicals and into "asset-light" software models to protect margins.

    S&P 500 & ACWI Index Analysis iShares MSCI ACWI ETF: Q Score: 0.0 | Direction: Declining. This reflects a global vacuum in momentum as institutional conviction remains sidelined.

    SPDR S&P 500 ETF Trust (SPY): Q Score: -2.4 | Direction: Declining. The benchmark reflects general market fatigue as investors struggle with the inflationary impact of the energy shock.

    Institutional Momentum: Primary trend analysis shows that while broad benchmarks are declining, velocity is specifically concentrating in infrastructure and security sub-sectors.

    style="margin: 0 0 10px 0; color: #DEDC04; font-size: 18px; font-weight: bold; text-transform: uppercase; letter-spacing: 0.5px;"> Magnificent Seven (MAGS) Contextual Analysis

    Institutional momentum across the MAGS complex is showing clear signs of exhaustion, with capital rotating into more specialized software defense plays.

    style="padding: 12px; text-align: center; font-weight: bold; color: #ffffff; border-bottom: 2px solid #404040;"> Q Score Direction Last Reversal style="padding: 12px; border-bottom: 1px solid #333333; text-align: center; color: #d0d0d0;"> -0.4
    Stock
    APPLE INC (XNGS)
    		MICROSOFT CORP (XNGS) -9.0 Declining 15 Aug '25 (Negative)

    Note: A Pending Signal in Microsoft switched off last week and did not confirm.

    style="margin: 0 0 30px 0; color: #DEDC04; font-size: 18px; font-weight: bold; text-transform: uppercase; letter-spacing: 0.5px;"> Portfolio Positioning – Actionable Framework style="padding: 15px 12px; text-align: left; font-weight: bold; color: #ffffff; border-bottom: 2px solid #404040;"> Action Suggestion Targeted Sectors Rationale style="padding: 15px 12px; border-bottom: 1px solid #333333; font-weight: bold; color: #ffffff;"> Bullish Inflection Surge style="padding: 15px 12px; border-bottom: 1px solid #333333; color: #d0d0d0;"> US Software (Cyber & Infra) Significant Cluster: 23 Positive Signals. 50 stocks are Advancing. Money is centering on Zscaler and Crowdstrike. Advancing Positive Enterprise Efficiency Strengthening Scores: Names like Oracle (-7.4) and Intuit (-7.9) are leading the rotation out of big tech laggards. style="padding: 15px 12px; border-bottom: 1px solid #333333; font-weight: bold; color: #bbbbbb;"> Neutral / Negative Bias Global Tech (Ex-US) Regional Risk: EU and Asian tech scores are weakening as energy costs impact domestic economies. style="padding: 15px 12px; border-bottom: 1px solid #333333; font-weight: bold; color: #d0d0d0;"> Beware / Exhaustion China Software Significant Negative Cluster: 5 negative signals in major names. Institutional capital is exiting on sanction fears. Most Negative Consumer Discretionary Stalled Velocity: High fuel prices and war anxiety are draining consumer spending power. Detailed Expansion: Key Actionable Clusters

    Theme: Cybersecurity & Infrastructure (The Positive Cluster)

    The 100% participation of the "Advancing" subset in US Software marks this as the most significant cluster in the database.

    Signal Priority 3: Deep Positive Delta Reversals (Score -4 to -10)
    High-conviction signals where institutional momentum is inflecting positively from a deep base.

    PAGERDUTY INC (XNYS): Score: -8.9 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    APPFOLIO INC - A (XNMS): Score: -8.6 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    ZSCALER INC (XNGS): Score: -8.4 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    C3.AI INC-A (XNYS): Score: -8.4 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    APPLOVIN CO-CL A (XNGS): Score: -8.4 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    DOMO INC- CL B (XNMS): Score: -8.1 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    INTUIT INC (XNGS): Score: -7.9 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    ORACLE CORP (XNYS): Score: -7.4 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    AUTODESK INC (XNGS): Score: -6.4 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    CROWDSTRIKE HO-A (XNGS): Score: -4.0 | Advancing | Last Reversal Date: 13 March '26 (Positive).

    Theme: China Software "Risk" Exit (The Negative Cluster) Institutional capital is exiting Chinese software names as geopolitical risks escalate.

    SHANG BAOSIGHT-A: Score: 6.7 | Declining | Last Reversal Date: 13 March '26 (Negative).

    360 SECURITY T-A: Score: 3.3 | Declining | Last Reversal Date: 13 March '26 (Negative).

    IFLYTEK CO LTD-A: Score: 1.7 | Declining | Last Reversal Date: 13 March '26 (Negative).

    GLODON CO LTD-A: Score: 1.3 | Declining | Last Reversal Date: 13 March '26 (Negative).

    YONYOU NETWORK-A: Score: 0.1 | Declining | Last Reversal Date: 13 March '26 (Negative).

    Highest Conviction Stocks: Analytical Context

    Prioritized strictly by: 1. Top Quantmatix, 2. TEVO, 3. Deep Positive Delta Reversals.

    SPYROSOFT SPÓLKA AKCYJNA [-5.7, Top Quantmatix Positive]

    Score: -5.7 | Advancing | Last Signal Date: 13 March '26 (Positive). This structural signal marks a high-conviction floor for specialized software.

    IREN LTD [-0.9, Top Quantmatix Positive]

    Score: -0.9 | Advancing | Last Signal Date: 13 March '26 (Positive). Structural signal indicating a major institutional shift toward power-efficient infrastructure.

    PAGERDUTY INC [-8.9, Deep Positive Delta Reversal]

    Score: -8.9 | Advancing | Last Reversal Date: 13 March '26 (Positive). Carries the strongest velocity reading in the US cluster.

    ZSCALER INC [-8.4, Deep Positive Delta Reversal]

    Score: -8.4 | Advancing | Last Reversal Date: 13 March '26 (Positive). A core cybersecurity play with high score magnitude and strengthening momentum.

    ORACLE CORP [-7.4, Deep Positive Delta Reversal]

    Score: -7.4 | Advancing | Last Reversal Date: 13 March '26 (Positive). Confirms a rotation into high-quality, cash-flow-positive enterprise infrastructure.

    CROWDSTRIKE HO-A [-4.0, Deep Positive Delta Reversal]

    Score: -4.0 | Advancing | Last Reversal Date: 13 March '26 (Positive). Essential cyber-defense asset currently seeing fresh institutional interest.

    Imperative The Significant Cluster of 23 positive signals in US Software, with 50 stocks in the sector now Advancing, provides a clear roadmap. Professional clients should rotate out of China Software and broad index laggards like Microsoft—whose failed reversal signal warns of further weakness. Capital should be concentrated in the Deep Positive Delta Reversal leaders, specifically Zscaler, PagerDuty, and Oracle.

    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.

    Source: Quantmatix – Exclusively US and Global Data [16 March 2026]

     North America quantmatix research
  • The Global Infrastructure Pivot
    QM ResearchQ QM Research
    Quantmatix Research - March 14, 2026

    Key Actionable Sectors

    Software & Services (XSW): Improving Acceleration vs. Structural Weakness

    Software acceleration is improving, with the "Advancing" constituent count rising to 42.7% as of 13 March 2026 (up from 35.0%). While the broad sector trend remains broken (12.8% Regime), the following names have triggered Deep Positive Delta Reversals:

    APPLOVIN CO-CL A (XNGS): Score -8.4, Advancing Positive Reversal triggered 13 March 2026.

    APPIAN CORP-A (XNMS): Score -7.0, Advancing Positive Reversal triggered 13 March 2026.

    AUTODESK INC (XNGS): Score -6.4, Advancing Positive Reversal triggered 13 March 2026.

    HUBSPOT INC (XNYS): Score -7.1, Advancing Positive Reversal triggered 13 March 2026.

    Financials: High Score Negative Large Financials

    While defensive banking holds support, large-cap financials and insurance are seeing a cluster of High Score Negative Reversals signaling structural institutional exits.

    DISCOVERY LTD (XJSE): Score 7.7, Declining Negative Reversal triggered 13 March 2026.

    MIGDAL INSURANCE: Score 8.0, Declining Negative Reversal triggered 13 March 2026.

    INDUSTRIAL BANK: Score 6.4, Declining Negative Reversal triggered 13 March 2026.

    BNK FINANCIAL GR: Score 6.1, Declining Negative Reversal triggered 13 March 2026.

    Highest Conviction Stocks

    Prioritized by: 1. Top Quantmatix ⭐, 2. TEVO, 3. Delta Reversals

    ⭐ TONGWEI CO-A [-6.7, Top Quantmatix]

    High-conviction Positive Reversal in an Advancing direction as of 13 March 2026. Exceptional velocity in the energy complex.

    ⭐ APPLOVIN CO-CL A [-8.4, Top Quantmatix]

    High-conviction Positive Reversal in an Advancing direction as of 13 March 2026.

    ⭐ APPIAN CORP-A [-7.0, Top Quantmatix]

    Bergman & Beving AB [-5.0, TEVO]

    Triggered an Advancing Positive reversal as of 13 March 2026; 67% hit rate for Target 1.

    APPLE INC [-0.4, Delta Reversal]

    Triggered an Advancing Positive reversal as of 13 March 2026; remains the highest-quality "Safety" play in the MAGS universe.

    Quantmatix Research

    The Global Infrastructure Pivot—Strategic Capital Rotation Amidst Iran War Escalation

    March 15, 2026 

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

    Executive Summary

    Quantmatix data for the March 13 close identifies a definitive structural break in Institutional Momentum as the escalation of the Iran War forces an immediate "re-sleeving" of global risk. The S&P 500 (SPX) is undergoing a high-velocity momentum breakdown; The Q Score sits at -2.6 and is firmly in a Declining state.

    While broad benchmarks test technical support, institutional capital is rotating aggressively into domestic infrastructure and energy enablers. Utilities (XLU) and Oil & Gas (XOP) have reached total participation with 100% and 90.9% of names advancing, whereas Homebuilders (XHB) and Transportation (XTN) have reached terminal Exhaustion levels as war-time energy costs cannibalize cyclical margins.

    Market News Context

    Strait of Hormuz Blockade

    Following the launch of "Operation Epic Fury" against Iranian nuclear and ballistic sites on Kharg Island, Iran has effectively closed the Strait of Hormuz. This action has paralyzed 20% of the world's oil and gas supply, sending Brent Crude surging toward $120/bbl.

    Energy Infrastructure Threats

    Retaliatory drone strikes against the Saudi Aramco refinery at Ras Tanura and Qatari LNG facilities have triggered a global energy supply shock, forcing the IEA to release 400 million barrels of emergency reserves to stabilize the "War Economy."

    Cyber Warfare & Grid Security

    U.S. Cyber Command has raised the alert level following a series of sophisticated attacks on grid infrastructure. This has accelerated the rotation into Utilities as investors prioritize the security and resilience of domestic power providers.

    S&P 500 (SPX) Index Chart Analysis

    The SPX is in a high-volatility regime following the geopolitical shock, with price action hitting critical downside objectives established by our dynamic levels.

    Momentum & Velocity: The Q Score is -2.6 (13 March 2026) and remains Declining, confirming that institutional sellers maintain control of the immediate direction.

    Target Prices: Target 1 has been achieved at 6681. The secondary objective, Target 2, is established at 6586.39, which aligns with the bottom of the weekly band.

    Risk Guardrails: The Stop Loss is strictly set at 7170, representing the final threshold for capital preservation in this regime.

    Magnificent Seven (MAGS) Contextual Analysis

    A comprehensive review of the MAGS complex reveals a broad loss of velocity as capital flees high-duration technology laggards.

    Stock Q Score Direction Signal Status
    APPLE INC (AAPL) -0.4 Advancing Deep Positive Delta Reversal MICROSOFT CORP (MSFT) -9.0 Declining FAILED Pending Reversal NVIDIA CORP (NVDA) -2.4 No Current Signal AMAZON.COM INC (AMZN) -5.3 ALPHABET INC-A (GOOGL) 0.6 META PLATFORMS (META) -3.1 TESLA INC (TSLA) -6.7 Declining No Current Signal

    Institutional Context: Microsoft (MSFT) failed its pending reversal confirmation at the bar close; high-volume selling persists, and no tactical floor has been established. Apple (AAPL) is the sole constituent with an Advancing direction, acting as a defensive safe-haven within the tech stack.

    Portfolio Positioning

    Action Sectors Bullish Inflection Surge Utilities (XLU) Most Mature Positive Energy (XLE), Oil & Gas (XOP), Regional Banking (KRE), Banks (KBE) Positive / Overweight Materials (XLB), Consumer Staples (XLP) Neutral / Positive Bias Real Estate (XLRE), Telecom (XTL) Neutral / Negative Bias Health Care (XLV), Biotech (XBI), Comm Services (XLC), Consumer Disc (XLY) Beware / Exhaustion Homebuilders (XHB), Metals & Mining (XME) Bull Unwind - Reduce Industrials (XLI) Fading Bull Momentum Transportation (XTN) Negative / Underweight Technology (XLK), Health Care Equip (XHE) Most Negative Semis (XSD), Software (XSW), Capital Markets (KCE), Insurance (KIE)

    Imperative

    Rotate capital aggressively into the Bullish Inflection Surge in Utilities (XLU) and Energy (XOP). Microsoft (MSFT) has failed its pending reversal confirmation; institutional distribution is still active, so remain sidelined.

    Exit all positions in Teledyne (TDY) (Score 8.1, Declining, 13 March 2026) and Corning (GLW) (Score 6.4, Declining, 13 March 2026) immediately following their Top Quantmatix ⭐ Negative Reversals. Utilize the 7170 Stop Loss and monitor Target 2 at 6586.39 as the primary risk levels for the SPX.

    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.

    Source: Quantmatix – Proprietary US Market Data Analysis

    COB March 13, 2026

     Global Macro quantmatix research