Large caps are mixed-to-lower with the Nasdaq Composite down 1.38% and the S&P 500 off 0.3%, while the Dow slips just 0.25% and the Russell 2000 defies the tape, up 1.01%. S&P futures at -1.1% and Nasdaq futures at -2.6% point to pressure carrying into the next session, and the VIX is up 9.01% to 18.75. Health Care (+2.4%) and Real Estate (+2.21%) lead while Comm. Svcs (-1.87%) and Technology (-1.18%) lag, a classic defensive-over-growth rotation. Single-name damage is concentrated in high-multiple growth: NOW -26.95% and ALNY -25.13% headline the loser board, while IOVA drops 35.45%. The headline flow fits the tape, with Reddit's plunge on Google AI search squeezing traffic weighing on the internet/comm-services complex.
Change on the day for the major indices. VIX sits in the metric strip above — it reads inversely, so it is kept out of this scale.
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.
Across 4,619 counted names, 48.6% carry bullish signals with buys (2,199) more than doubling sells-plus-strong-sells (435), and breadth is broadening by 4 points versus yesterday. Broadening participation on a day when megacap tech is lagging suggests risk appetite is rotating rather than retreating — small caps and defensives are picking up the leadership baton. The neutral bloc (1,937 names, ~42%) remains large, so the signal distribution still lacks a decisive conviction tilt.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: VG · FCNCA · APG · JLL · TXRH · FLS · SIRI · TPG · CHDN · FSV · IBP · KRMN
Strong Sell standouts: FCFS · NEU · MBLY · PLXS · SYM · NATL · NAMS · NMRK · OPEN · PRLB · FRNM · LCID
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| XOM | 2026-11-02 | 3d | +0.0% | +0.0% |
| JPM | 2026-11-05 | 6d | +46.9% | +27.7% |
| NVDA | 2026-11-25 | 26d | +127.8% | +105.9% |
| WMT | 2026-11-27 | 28d | -9.1% | +5.9% |
| AVGO | 2026-12-10 | 41d | +215.3% | +85.5% |
| META | 2027-01-19 | 81d | +264.8% | +26.1% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
Year-over-year movement
The near-term calendar is earnings-driven: XOM reports in 3 days (Nov 2) and JPM in 6 days (Nov 5), with NVDA not due until Nov 25. The IPO window has BIAI (Bitari Inc) pricing Nov 2 at $7 on Nasdaq, with several smaller deals (YHTE, SWA, STA, NEOA, FMSN) queued behind it; no corporate events are on the slate.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| FMSN | Focus Media Network Limited | 2026-10-28est. | listed | $4–$6 | XNAS |
| TRCX | Tracx Logis Ltd. | 2026-10-29est. | listed | $18–$22 | XNAS |
| BIAI | Bitari Inc | 2026-11-02 | 3d | $7–$7 | XNAS |
| YHTE | Primagrove Ltd | 2026-11-09 | 10d | $4–$6 | XNAS |
| SWA | Simwon America Corp | 2026-11-25est. | 26d | $18–$22 | XNAS |
| STA | Starton Holdings, Inc., | TBA | — | $5–$7 | XNAS |
| NEOA | Neo Aeronautics, Inc | TBA | — | $4–$6 | XASE |
| KATX | KAT Construction Services, Inc. | TBA | — | $5–$7 | XASE |
Listing-pipeline headlines
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
The private tape is active at the top end: DeepSeek's $16B Series A at a $45B valuation (led by China's Big Fund) and TypeSafe AI's $870M round at $7.5B (led by Andreessen Horowitz) anchor the week, with a2zen the most active lead at 10 deals totaling $2.11B across the tracked universe of 2,699 companies. Benchmark's $60M seed into Hone at a $285M valuation is the notable early-stage print.
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-10-23 | DeepSeek · Technology | Series A $16,000M led by China's Big Fund (National Integrated Circuit Industry Investment | $16.0B | China's Big Fund (National Integrated Circuit Industry Investment Fund) |
| 2026-10-12 | Ambi · AI | Pre-Series A $26M led by Luminous Ventures | $26M | Luminous Ventures |
| 2026-10-09 | Ultra · Robotics | Series A $50M led by Framework Ventures | $50M | Framework Ventures |
| 2026-10-09 | TypeSafe AI · AI | Series A $870M led by Andreessen Horowitz | $870M | Andreessen Horowitz |
| 2026-10-09 | Hone · AI | Seed $60M led by Benchmark | $60M | Benchmark |
| 2026-10-09 | Meticulous · Enterprise Software | Series A $15M led by Chemistry | $15M | Chemistry |
| 2026-10-09 | Kapta Space · Space | Series A $24M led by Washington Harbour Partners | $24M | Washington Harbour Partners |
| 2026-10-09 | Klarent · Enterprise Software | Seed $8M led by Mosaic Ventures | $8M | Mosaic Ventures |
Track 2,699 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 is a textbook lesson in why sector breadth matters more than index direction. The S&P 500 fell only 0.3%, but nine of eleven sectors closed higher — the index was dragged down by two heavyweights (Technology -1.18%, Comm. Svcs -1.87%) that carry outsized index weight. This is negative cap-weighted divergence: the equal-weighted reality of the tape is much stronger than the cap-weighted headline suggests. When breadth broadens (our signal universe improved 4 points to 48.6% bullish) while cap-weighted indices fall, the market is repricing leadership rather than de-risking. The regime that invalidates this read is one where defensives lead AND breadth rolls over — that combination, not today's, is the one that historically precedes deeper drawdowns.