Cash indices closed mixed-to-lower: S&P 500 -0.06% to 7,753.11, Nasdaq -0.32% to 26,605.36, and Russell 2000 -0.56% to 3,017.40 showed small-caps taking the brunt of the selling. Energy was the standout, up 4.66% on the day, while Real Estate (-1.29%) and Utilities (-1.10%) lagged as rate-sensitive groups. WXM (+161.75%) and STKH (-28.59%) bookended the mover list on opposite ends. VIX ticked up 0.52% to 15.54, still a low-vol print, and overnight futures are all green (Nasdaq +0.35%), pointing to a reversal attempt into tomorrow's open amid active AI-adjacent headlines (Anthropic IPO chatter, a new memory-maker Bullpen call).
Every bar opens the sector ETF's live page.
QL signal universe · click a bar for the live 5-factor read.
QL signal universe · click a bar for the live 5-factor read.
Universe breadth is broadening — bullish signals (strong_buy + buy) sit at 38.5% of 2,850 names tracked, and the breadth reading improved 2.4 points versus yesterday even as headline indices slipped. That divergence is constructive: more names are being upgraded into buy territory beneath a flat tape, which typically reflects rotation rather than capitulation, though the bulk of the universe (1,208 names) still sits neutral.
Strong Buy standouts: GOOGL · GOOG · MSFT · SPCX · BRK.B · LLY · V · XOM · BAC · PLTR · KO · CVX
Strong Sell standouts: META · MO · CEG · CRWV · COIN · LVS · RBLX · NI · NVMI · RTO · HUT · OKLO
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| MSFT | 2026-09-12 | 32d | +31.8% | +17.7% |
| AVGO | 2026-09-30 | 50d | +85.4% | +47.9% |
| WMT | 2026-10-10 | 60d | +19.6% | +7.3% |
| NVDA | 2026-10-24 | 73d | +214.5% | +85.2% |
| TSLA | 2026-11-14 | 95d | -3.0% | +25.5% |
| AAPL | 2026-11-21 | 102d | +28.7% | +16.4% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
IPO calendar is active but small-cap heavy — VOGX, MDRN, LYNX, FOIL, POCH and RVII are all in the pipeline this week — while megacap earnings (MSFT, AVGO, WMT, NVDA, TSLA, AAPL) are all 32+ days out, leaving the near-term catalyst calendar light on earnings-driven volatility.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| LYNX | Lyntris Inc | 2026-08-10est. | listed | $0 | XNYS |
| VOGX | Vogenx Inc. | 2026-08-11est. | listed | $0 | XNAS |
| FOIL | Londian Wason New Energy Tech Inc. | 2026-08-12est. | 1d | $0 | XNYS |
| RVII | Robinhood Ventures Fund II | 2026-08-13est. | 2d | $25 | XNYS |
| MDRN | Modern Mining Technology Corp | TBA | — | $4.25 | XASE |
| POCH | Poche Technology Co. Ltd | TBA | — | $0 | XNAS |
| CAPI | Capstone 72 Inc. | TBA | — | $4 | XNAS |
| FIT | Fitness Fanatics Ltd. | TBA | — | $5 | XNAS |
| SUCH | Suchness Tech Ltd. | TBA | — | $6 | XNAS |
| HNUC | Holtec Nuclear Corp. | TBA | — | $0 | XNAS |
Listing-pipeline headlines
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
Bar length = days until listing · green = exchange-confirmed date · amber = news-estimated ("est.") · click through to each issuer's preview page.
The private tape stayed busy at the top end — Hadrian's $1.37B Series D (led by JPMorgan Strategic Investment Group) and Firmus Technologies' $2B growth round (led by Nvidia & Coatue) headline a week of large late-stage checks, alongside Cambridge Aerospace's fresh $300M Series C led by DFJ Growth. Sequoia Capital and Greenoaks are the most active leads by deal count (4 each), while AMD's two deals total the largest dollar commitment at $10B.
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-08-10 | Cambridge Aerospace · Defense | Series C $300M led by DFJ Growth | $300M | DFJ Growth |
| 2026-08-09 | SiteVue AI · AI | Seed $8M led by Penny Jar Capital & Overture | $8M | Penny Jar Capital & Overture |
| 2026-08-08 | SOURCE · Computers, Parts and Peripherals | Series D $400M led by Situational Awareness | $400M | Situational Awareness |
| 2026-08-07 | Firmus Technologies · AI | Growth Equity $2,000M led by Nvidia & Coatue | $2.0B | Nvidia & Coatue |
| 2026-08-07 | Lumilens · AI | Series C $700M led by Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventu | $700M | Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures & Spark Capital |
| 2026-08-06 | Hadrian · Defense / Industrials | Series D $1,370M led by JPMorgan Strategic Investment Group (anchor) | $1.4B | JPMorgan Strategic Investment Group (anchor) |
| 2026-08-04 | Convex · Software | Series B $57M led by Insight Partners | $57M | Insight Partners |
| 2026-08-04 | HappyRobot · Business/Productivity Software | Series C $150M led by Prysm Capital | $150M | Prysm Capital |
Track 2,128 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.
Bar = amount raised · click through to the company's pre-IPO page.
Where the money went — sector split
Most active lead investors (last 45 days)
Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.
Today's tape shows headline indices down modestly while the QuantLogix universe breadth reading broadened by 2.4 points. This happens when losses concentrate in a handful of large, index-heavy names (here, Technology fell 0.88% and dragged the Nasdaq) while a wider set of smaller or non-mega-cap names get upgraded to buy signals underneath. It's a classic sign of sector rotation rather than broad-based risk-off selling — capital isn't fleeing equities, it's redistributing. The distinction matters for risk management: a narrowing breadth reading on a down day is a much more worrying signal than a broadening one, because the latter suggests participation is still healthy even if the cap-weighted average looks weak. Traders should always check breadth alongside the index print rather than relying on the headline number alone.