2026-08-13 20:55
Automated Market Intelligence
MorningSignal Research
Risk-on, but selective: QQQ +1.16% and SPY +0.70% outpaced IWM +0.26% and DIA +0.14%, while cloud/software and technology hardware dominated. Full-universe breadth remained constructive at 65% above the 50-day and 75% above the 200-day average, but small-cap and cyclical lag kept this from being a uniform beta rally.
S&P +0.70% QQQ +1.16% 2026-08-13
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Market Signal
RISK ON
Score 0.30
Tape Source
Codex
Active-task narrative
Breakout Scan
15
Setups passing the model today
Platform
Daily · Weekly
Podcast and earnings feeds included
At A Glance
Market Snapshot
Core index performance and year-to-date context.
S&P 500
$777.88
+0.70% today · +14.47% YTD
Nasdaq 100
$732.07
+1.16% today · +19.68% YTD
Russell 2000
$303.50
+0.26% today · +22.50% YTD
Dow Jones
$537.91
+0.14% today · +12.09% YTD
Desk Read
Today's Tape
Sector commentary generated from the day’s market data and headline set.
Risk-on, but selective: QQQ +1.16% and SPY +0.70% outpaced IWM +0.26% and DIA +0.14%, while cloud/software and technology hardware dominated. Full-universe breadth remained constructive at 65% above the 50-day and 75% above the 200-day average, but small-cap and cyclical lag kept this from being a uniform beta rally.
Index leadership +1.2%
QQQ led at +1.16%, followed by SPY +0.70%; IWM +0.26% and DIA +0.14% lagged. The session rewarded growth duration and large-cap exposure more than broad domestic cyclicality.
Sector breadth +2.1%
Communication Services led sectors at +2.07%, with Real Estate +1.42%, Staples +1.08%, and Technology +1.01% also firm. Materials lagged at -0.51%; Health Care and Industrials were roughly flat.
Software and cloud +5.7%
WCLD +5.65%, IGV +3.10%, and HACK +2.55% made software the cleanest thematic leadership. WCLD is now +11.74% over five days, so follow-through and breadth matter more than another one-day surge.
Factors and regime +1.3%
Value led the tracked factor set at +1.31%, ahead of High Beta +1.01% and Growth +0.97%; Momentum was the laggard at +0.41%. The up tape broadened across styles even though index leadership remained Nasdaq-heavy.
Industry leadership +9.3%
Technology Hardware, Storage & Peripherals +9.30%, Human Resource & Employment Services +4.57%, Application Software +4.41%, and Payments +3.75% led. The HR-services move had 90% of constituents above both the 50-day and 200-day averages.
Industry dispersion -3.5%
Aluminum -3.51%, Electronic Components -3.49%, Trading Companies & Distributors -2.64%, Gold -2.50%, and Communications Equipment -2.06% lagged. The gap against software and hardware shows selective appetite rather than indiscriminate risk taking.
Scanner quality +0.0%
The repaired S&P 1500 scan found 15 Stage 2 setups, led by CRSR, QNST, and HZO. Coverage was broad: 1,505 of 1,506 constituents had dated price caches and 1,496 had at least 220 sessions; the setup list spanned seven sectors, led by four Health Care names.
Cross-Sector Linkage
The risk-on read is supported by lower volatility, firm credit, stocks and bonds rising together, a softer dollar, and 197 new highs versus 29 lows. It is qualified by weak relative small caps, Staples beating Discretionary by 0.60 percentage point, and software beating semiconductors by 2.37 points. The investable message is selective growth leadership with healthy trend breadth, not blanket cyclical acceleration.
Active Codex task market commentary · Not financial advice
Signal & Macro
RISK ON
0.30
Risk Off Neutral Risk On
VIX 14.6 (falling) +1.00
Yield Curve N/A +0.00
Credit HYG/IEF above 50d (+0.8%) +0.50
Breadth RSP/SPY below 50d (+nan%) -1.00
Momentum SPY above 50d, above 200d +1.00
The thematic composite labeled the tape RISK ON at +0.30, but the exact score is low-confidence: its yield-curve input was N/A and its RSP/SPY breadth input contained NaN. Independent full-universe evidence is firmer: 64.9% of analyzable names were above the 50-day average, 74.8% were above the 200-day, VIX was 14.63, credit was constructive, and the measured 2s10s curve was +94 basis points.
VIX
14.63
-3.43% over 5d
10Y Yield
4.64%
Treasury benchmark
2Y Yield
3.71%
Front-end rate signal
2s/10s
+94bps
Steepening / normal
Participation
Communication Svcs
+2.07%
Real Estate
+1.42%
Cons. Staples
+1.08%
Technology
+1.01%
Financials
+0.59%
Cons. Discretionary
+0.48%
Overnight & Global
Next-session test: software and hardware leadership should hold while participation broadens beyond large caps. VIX 14.63 and a +94 basis-point 2s10s curve provide a benign backdrop; a reversal in credit, a collapse in the 40-to-12 positive cross ratio, or failed breakouts across the seven-sector setup list would weaken the risk-on conclusion.
Leadership
High-Conviction Setups
View Full Scan
# Ticker Name Sector Score RS Base Trend Price vs 52W High Vol/Avg
1 CRSR Corsair Gaming, Inc. Technology
79.0
97.1 43.3 100.0 $13.45 -6.3% 1.87x
2 QNST QuinStreet, Inc. Communication Services
78.5
90.0 50.0 100.0 $20.74 -5.8% 2.61x
3 HZO MarineMax, Inc. Consumer Cyclical
77.4
87.3 50.0 100.0 $52.04 -0.8% 4.67x
4 LFST LifeStance Health Group, Inc. Healthcare
76.6
100.0 33.1 100.0 $12.22 -0.1% 1.66x
5 TWLO Twilio Inc. Technology
73.4
89.8 35.8 100.0 $249.42 -2.6% 1.72x
6 INVX Innovex International, Inc. Energy
73.2
69.9 57.7 100.0 $30.78 -2.7% 2.80x
7 HALO Halozyme Therapeutics, Inc. Healthcare
72.3
74.5 50.0 100.0 $100.67 -2.4% 2.03x
8 ABNB ★ Airbnb, Inc. Consumer Cyclical
70.6
70.1 50.0 100.0 $185.13 +0.0% 2.11x
Coverage
Platform Modules
The research stack now spans daily tape, weekly synthesis, podcast intelligence, and earnings coverage.

Weekly Strategy

Friday rollups that connect the week’s catalysts, sector rotations, and thematic positioning.

Podcast Intelligence

Audio-ready synthesis from the podcast universe with transcripts available on-site.

Earnings Briefs

Pre-market and post-close notes organized for quick scanning, follow-through, and watchlists.