Options Indicator Quintile Cheat Sheet

Indicator Calculations

All percentile inputs are calculated within each symbol's own history using rank(pct=True) * 100. Forward returns use adjusted price[t + N trading days] / adjusted price[t] - 1.

How to read the quintile tables: Q1 is the lowest historical readings for that indicator and that same security. Q5 is the highest readings. The highlighted row is where the current reading sits today. Median returns and hit rates show what happened after prior readings in that quintile.

Indicator	Field	Exact Calculation	Plain English	High Reading Means	Caveat
Options Pressure Composite Primary composite	`repricing_opportunity_score` 0-100 within-symbol score or percentile	0.30 * Near-Term Path Risk + 0.25 * IV Pressure Composite + 0.20 * Urgent Hedge Demand + 0.15 * Protection Demand + 0.10 * (100 - Calm Options Tape).	The main options pressure score. It rises when option-market pressure is large enough to matter for timing and sizing.	Options pressure is elevated. It is add/watch only if Forward Return Evidence says similar readings led to better returns; otherwise it can be risk-control.	Not a one-day price forecast and not automatically bullish.
Calm Options Tape Primary composite	`comfort_complacency_score` 0-100 within-symbol score or percentile	0.35 * (100 - Protection Demand) + 0.20 * Call Activity + 0.25 * Gamma Stability + 0.20 * (100 - IV Pressure Composite).	Measures whether options conditions are quiet, supported, and less hedging-heavy.	The option tape is calmer. That can support controlled price action, but it can also mean less contrarian return edge.	Do not treat calm as automatically bullish.
Near-Term Path Risk Primary composite	`fragility_score` 0-100 within-symbol score or percentile	0.40 * Protection Demand + 0.25 * IV Pressure + 0.25 * (100 - Gamma Stability) + 0.10 * Put Volume/OI Percentile.	Measures whether the asset can have a rougher near-term path.	The asset is more vulnerable to sharp movement, gap risk, or choppier trading.	High near-term path risk can precede an opportunity, but only after price and Forward Return Evidence confirm.
Protection Demand Primary driver	`hedging_pressure_score` 0-100 within-symbol score or percentile	Average of Put/Call Volume Ratio Percentile, Put/Call Open-Interest Ratio Percentile, Put Volume/OI Percentile, and Average IV Percentile.	Measures how much downside hedge demand is showing up in options.	More traders are paying for downside protection or carrying defensive option exposure.	Can mean near-term risk, or a future contrarian setup if later returns historically improved from similar readings.
IV Pressure Composite Primary driver	`vol_stress_score` 0-100 within-symbol score or percentile	Average of Average IV Percentile and ATM IV Proxy Percentile.	Measures whether options are expensive versus the asset's own history.	The market is charging more for expected movement in that asset.	High IV is not automatically bearish; it can also mean event premium or attractive hedge-selling conditions.
Urgent Hedge Demand Primary driver	`hedge_urgency_score` 0-100 within-symbol score or percentile	0.40 * Put Volume/OI Percentile + 0.25 * Put/Call Volume Ratio Percentile + 0.20 * Average IV Percentile + 0.15 * Total Volume/OI Percentile.	Measures whether hedge demand recently looks urgent rather than just structurally high.	Downside hedging demand is active and near-term price path risk may be rising.	Use with Near-Term Path Risk and price trend; urgency can fade quickly.
Gamma Stability Primary driver	`gamma_stability_score` 0-100 within-symbol score or percentile	Percentile rank of log(1 + absolute total gamma notional unit) within each symbol's history.	Measures open-interest/gamma support that may help price pin or grind.	More open-interest support may reduce jumpiness and keep price closer to important strikes.	This is an inferred listed-options proxy, not a true dealer book.
Gamma / OI Magnet Secondary composite	`dealer_magnet_score` 0-100 within-symbol score or percentile	0.55 * Gamma Stability + 0.25 * Total Open Interest Percentile + 0.20 * (100 - Total Volume/OI Percentile).	Measures whether open interest and gamma look large enough to create pinning/magnet behavior.	Price may be more influenced by nearby open-interest concentrations.	It does not identify actual dealer direction; it is an open-interest proxy.
Call Activity Flow driver	`call_demand_score` 0-100 within-symbol score or percentile	Average of Call Volume/OI Percentile and Total Volume/OI Percentile.	Measures whether upside/call activity is active versus the asset's own history.	Upside demand is stronger. That can confirm leadership or show chase behavior.	High call activity plus high IV can mean crowded upside, not clean bullish confirmation.
Call Chase Flow driver	`upside_chase_score` 0-100 within-symbol score or percentile	Average of Call Activity and Average IV Percentile.	Measures call activity that is also happening with elevated option pricing.	Upside demand is expensive or crowded.	Often a higher-bar signal for adding longs, especially in leadership names.
Low Calm / Pressure Rising Inverse driver	`low_comfort_score` 0-100 within-symbol score or percentile	100 - Calm Options Tape.	Measures when options are not calm and raw options pressure is broadening.	The tape is less calm and option-market pressure is broadening.	Useful as a pressure input, not a standalone direction signal.
Low Gamma / More Movement Inverse driver	`low_gamma_movement_score` 0-100 within-symbol score or percentile	100 - Gamma Stability.	Measures how much stabilizing gamma/open-interest support is missing.	Price may move more freely through strikes.	Low gamma does not tell direction by itself.
Macro-Options Pressure Macro bridge	`macro_options_transmission_score` 0-100 within-symbol score or percentile	Near-Term Path Risk for HYG, LQD, TLT, IEF, KRE, and XLF; blank for symbols outside that macro/rates/credit/financials set.	Measures whether rates, credit, and financial-sector option risk are transmitting macro pressure.	Macro-sensitive options markets are showing rougher path risk.	Only populated for macro bridge symbols.
Put/Call Volume Ratio Percentile Raw percentile input	`put_call_volume_ratio_pct` 0-100 within-symbol score or percentile	Percentile rank of Put/Call Volume Ratio within the same symbol's history. Raw ratio = put volume / call volume.	Measures whether put trading is high versus call trading.	More put demand is showing up in current trading volume.	Can reflect hedging or speculation; confirm with open interest and IV.
Put/Call Open-Interest Ratio Percentile Raw percentile input	`put_call_oi_ratio_pct` 0-100 within-symbol score or percentile	Percentile rank of Put/Call Open-Interest Ratio within the same symbol's history. Raw ratio = put open interest / call open interest.	Measures whether existing option positioning is more put-heavy.	The existing option book is more defensively positioned.	Open interest is slower moving and may reflect older hedges.
Put Volume/OI Percentile Raw percentile input	`put_volume_oi_ratio_pct` 0-100 within-symbol score or percentile	Percentile rank of Put Volume/OI Ratio within the same symbol's history. Raw ratio = put volume / put open interest.	Measures fresh put activity relative to the existing put book.	Put demand is active relative to the size of existing put positioning.	Useful for urgency, but single-day volume can be noisy.
Total Volume/OI Percentile Raw percentile input	`total_volume_oi_ratio_pct` 0-100 within-symbol score or percentile	Percentile rank of Total Volume/OI Ratio within the same symbol's history. Raw ratio = total option volume / total open interest.	Measures how active the whole option tape is versus the existing option book.	Options activity is unusually active for that symbol.	Can spike around events, expirations, or rebalance periods.
Average IV Rank Raw percentile input	`avg_iv_pct` 0-100 within-symbol score or percentile	Percentile rank of average implied volatility within the same symbol's history.	Measures whether the option market is pricing high volatility versus that asset's own history.	Options are expensive versus normal for that asset.	High IV can mean risk, opportunity, or event premium; use the forward-return table.
30D ATM IV Rank Raw percentile input	`atm_iv_proxy_pct` 0-100 within-symbol score or percentile	Percentile rank of standardized 30-day at-the-money implied volatility within the same symbol's history.	Measures fixed-maturity near-the-money implied volatility versus history.	The central option strike area is pricing more movement.	Uses 30D delta-selected and variance-interpolated IV where available; rare historical gaps fall back to the legacy chain proxy.

Options Pressure Composite

The main options pressure score. It rises when option-market pressure is large enough to matter for timing and sizing.

Exact calculation

0.30 * Near-Term Path Risk + 0.25 * IV Pressure Composite + 0.20 * Urgent Hedge Demand + 0.15 * Protection Demand + 0.10 * (100 - Calm Options Tape).

High reading means

Options pressure is elevated. It is add/watch only if Forward Return Evidence says similar readings led to better returns; otherwise it can be risk-control.

Caveat

Not a one-day price forecast and not automatically bullish.

Index / Market

SPY S&P 500

Index / Market

54.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.1 to 34.9		106	0.6%	55.7%	105	2.5%	63.8%	105	6.4%	85.7%
Q2 low	34.9 to 45.8		99	1.8%	85.9%	94	4.3%	75.5%	93	7.6%	82.8%
Q3 middle	45.8 to 54.7	Current	102	1.2%	67.6%	91	3.1%	79.1%	87	7.8%	79.3%
Q4 high	54.8 to 64.5		103	2.1%	73.8%	90	5.3%	86.7%	74	9.1%	83.8%
Q5 highest	64.8 to 90.0		102	4.1%	69.6%	92	11.1%	100.0%	53	17.8%	92.5%

QQQ Nasdaq 100

Index / Market

72.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.3 to 35.1		106	1.4%	67.9%	106	3.0%	57.5%	106	7.9%	91.5%
Q2 low	35.1 to 45.3		106	1.4%	65.1%	105	2.6%	61.0%	102	7.7%	84.3%
Q3 middle	45.3 to 54.1		107	1.4%	63.6%	102	6.8%	85.3%	87	9.8%	77.0%
Q4 high	54.2 to 65.1		103	1.8%	64.1%	89	8.6%	82.0%	69	10.6%	87.0%
Q5 highest	65.2 to 84.0	Current	90	5.1%	80.0%	70	16.9%	91.4%	48	21.2%	95.8%

IWM Russell 2000

Index / Market

55.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.8 to 32.9		106	1.8%	70.8%	106	4.7%	71.7%	106	7.4%	67.9%
Q2 low	33.0 to 45.2		101	1.9%	72.3%	98	3.5%	68.4%	97	5.5%	59.8%
Q3 middle	45.2 to 54.0		101	1.4%	57.4%	93	4.3%	72.0%	83	11.4%	69.9%
Q4 high	54.0 to 66.4	Current	100	2.4%	65.0%	86	6.9%	76.7%	73	12.9%	90.4%
Q5 highest	66.5 to 91.8		104	4.6%	72.1%	89	13.0%	96.6%	53	20.9%	92.5%

DIA Dow Jones

Index / Market

37.7 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.3 to 35.6		100	1.5%	65.0%	97	4.8%	71.1%	97	8.1%	78.4%
Q2 low	35.8 to 45.7	Current	98	1.2%	69.4%	87	2.6%	69.0%	78	4.8%	74.4%
Q3 middle	45.8 to 54.4		106	2.4%	72.6%	86	4.6%	83.7%	75	5.5%	78.7%
Q4 high	54.4 to 64.1		102	1.9%	75.5%	96	3.8%	74.0%	84	6.1%	86.9%
Q5 highest	64.1 to 87.0		106	3.5%	84.9%	106	7.9%	85.8%	78	9.8%	97.4%

RSP Equal-Weight S&P 500

Index / Market

56.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.9 to 35.7		105	1.5%	66.7%	104	2.0%	66.3%	102	7.0%	88.2%
Q2 low	35.7 to 44.9		102	1.9%	76.5%	98	2.7%	79.6%	95	7.9%	86.3%
Q3 middle	45.2 to 54.3		99	1.4%	67.7%	94	2.4%	72.3%	84	5.9%	79.8%
Q4 high	54.3 to 65.0	Current	101	2.2%	72.3%	82	4.0%	78.0%	66	6.0%	77.3%
Q5 highest	65.1 to 91.7		105	2.9%	71.4%	94	5.9%	89.4%	65	7.9%	84.6%

VTI Total Market

Index / Market

37.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.5 to 36.4		104	1.2%	69.2%	103	3.7%	83.5%	100	7.8%	87.0%
Q2 low	36.5 to 44.2	Current	96	1.3%	65.6%	89	4.3%	76.4%	83	7.9%	74.7%
Q3 middle	44.3 to 53.1		100	1.8%	76.0%	89	3.5%	76.4%	84	8.1%	81.0%
Q4 high	53.2 to 64.1		105	2.0%	69.5%	94	4.6%	74.5%	73	6.3%	82.2%
Q5 highest	64.2 to 92.5		107	3.3%	71.0%	97	10.2%	90.7%	72	16.2%	87.5%

Sector / Industry

XLK Technology

Sector / Industry

73.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.2 to 36.5		106	1.0%	60.4%	105	2.3%	58.1%	99	7.8%	72.7%
Q2 low	36.5 to 45.1		106	0.8%	55.7%	102	4.1%	62.7%	90	6.3%	77.8%
Q3 middle	45.2 to 53.9		106	1.5%	59.4%	105	5.7%	67.6%	90	9.1%	78.9%
Q4 high	53.9 to 63.9		101	2.1%	65.3%	87	9.7%	82.8%	72	14.2%	90.3%
Q5 highest	64.0 to 93.0	Current	93	3.4%	71.0%	73	13.0%	79.5%	61	19.1%	91.8%

XLY Consumer Discretionary

Sector / Industry

51.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.0 to 35.1		96	1.8%	68.8%	83	2.3%	61.4%	79	0.5%	57.0%
Q2 low	35.1 to 45.5		101	0.2%	52.5%	90	3.4%	67.8%	84	1.0%	56.0%
Q3 middle	45.5 to 54.0	Current	105	1.2%	60.0%	98	3.9%	72.4%	84	0.0%	50.0%
Q4 high	54.0 to 64.4		105	1.2%	64.8%	97	5.4%	77.3%	82	5.6%	67.1%
Q5 highest	64.5 to 86.5		105	1.3%	61.9%	104	6.5%	76.0%	83	14.0%	71.1%

XLC Communication Services

Sector / Industry

42.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.7 to 37.6		102	0.4%	52.0%	87	0.6%	60.9%	70	2.5%	65.7%
Q2 low	37.8 to 46.2	Current	99	0.7%	55.6%	85	3.4%	69.4%	74	7.8%	78.4%
Q3 middle	46.2 to 53.6		100	1.5%	64.0%	94	2.6%	72.3%	80	8.2%	87.5%
Q4 high	53.6 to 63.3		104	1.2%	61.5%	99	4.7%	74.7%	90	8.5%	88.9%
Q5 highest	63.4 to 89.1		106	3.8%	68.9%	106	7.7%	75.5%	97	12.3%	94.8%

XLF Financials

Sector / Industry

36.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.1 to 35.6		102	0.5%	54.9%	85	-0.1%	48.2%	80	2.8%	70.0%
Q2 low	35.7 to 45.6	Current	97	0.8%	57.7%	85	2.1%	68.2%	78	3.3%	76.9%
Q3 middle	45.7 to 53.6		104	1.1%	57.7%	97	1.8%	64.9%	84	4.3%	67.9%
Q4 high	53.6 to 63.5		103	1.6%	64.1%	100	4.0%	76.0%	87	5.5%	86.2%
Q5 highest	64.0 to 88.8		106	4.0%	74.5%	105	7.8%	97.1%	83	7.6%	75.9%

XLI Industrials

Sector / Industry

54.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.9 to 35.6		106	1.4%	64.2%	106	3.9%	75.5%	104	10.2%	94.2%
Q2 low	35.8 to 43.2		106	1.0%	68.9%	105	3.3%	76.2%	104	8.9%	87.5%
Q3 middle	43.2 to 53.9		105	2.1%	69.5%	104	4.2%	75.0%	100	9.8%	86.0%
Q4 high	54.0 to 65.5	Current	97	1.4%	63.9%	83	6.0%	78.3%	61	11.3%	86.9%
Q5 highest	65.6 to 89.5		97	3.8%	75.3%	73	8.6%	91.8%	42	15.7%	95.2%

XLE Energy

Sector / Industry

60.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.2 to 37.1		103	0.3%	51.5%	103	0.9%	54.4%	98	-0.1%	49.0%
Q2 low	37.2 to 46.1		100	0.3%	55.0%	91	3.0%	59.3%	86	1.7%	58.1%
Q3 middle	46.1 to 53.4		102	2.5%	66.7%	87	4.4%	74.7%	76	10.9%	85.5%
Q4 high	53.5 to 62.1	Current	100	2.1%	63.0%	91	2.3%	74.7%	73	5.9%	80.8%
Q5 highest	62.2 to 92.4		107	0.9%	53.3%	100	4.1%	61.0%	79	7.8%	93.7%

XLB Materials

Sector / Industry

65.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.6 to 37.1		106	0.7%	56.6%	106	-0.3%	48.1%	106	1.6%	58.5%
Q2 low	37.3 to 45.9		104	0.2%	52.9%	97	3.4%	58.8%	97	2.7%	67.0%
Q3 middle	45.9 to 53.9		101	0.2%	50.5%	91	2.1%	54.9%	85	3.4%	64.7%
Q4 high	53.9 to 64.2		99	2.2%	61.6%	93	3.0%	69.9%	66	6.3%	84.8%
Q5 highest	64.2 to 84.7	Current	102	1.7%	59.8%	85	3.7%	65.9%	58	6.0%	86.2%

XLU Utilities

Sector / Industry

52.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.8 to 39.1		100	2.6%	73.0%	96	5.6%	82.3%	79	7.1%	98.7%
Q2 low	39.2 to 46.4		101	0.7%	59.4%	90	5.6%	73.3%	73	7.8%	94.5%
Q3 middle	46.5 to 52.8	Current	100	2.1%	68.0%	89	4.5%	78.7%	79	7.4%	94.9%
Q4 high	52.9 to 61.8		103	0.5%	53.4%	94	3.8%	70.2%	90	7.3%	93.3%
Q5 highest	61.8 to 86.3		107	0.4%	55.1%	102	1.1%	57.8%	90	6.1%	82.2%

XLRE Real Estate

Sector / Industry

31.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.5 to 38.0	Current	93	0.5%	58.1%	72	0.2%	55.6%	59	0.7%	55.9%
Q2 low	38.1 to 45.4		105	0.2%	53.3%	96	-0.1%	49.0%	83	0.9%	59.0%
Q3 middle	45.5 to 52.8		102	0.8%	59.8%	98	1.9%	71.4%	86	2.4%	68.6%
Q4 high	52.8 to 62.6		105	0.9%	64.8%	101	2.3%	70.3%	87	2.4%	73.6%
Q5 highest	62.8 to 88.1		107	2.2%	71.0%	105	2.3%	64.8%	97	2.8%	67.0%

XLV Health Care

Sector / Industry

60.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.9 to 35.9		105	1.8%	68.6%	96	3.3%	63.5%	94	-0.8%	40.4%
Q2 low	35.9 to 44.2		104	0.5%	55.8%	96	-4.2%	39.6%	87	-3.6%	32.2%
Q3 middle	44.2 to 53.1		100	0.7%	55.0%	92	-1.3%	45.7%	77	-1.9%	44.2%
Q4 high	53.4 to 64.8	Current	99	-0.0%	48.5%	89	1.4%	58.4%	74	-2.8%	39.2%
Q5 highest	64.8 to 89.2		104	0.2%	52.9%	99	2.1%	68.7%	80	5.5%	66.2%

XLP Consumer Staples

Sector / Industry

70.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.7 to 35.9		106	0.2%	52.8%	105	1.2%	61.9%	104	4.5%	75.0%
Q2 low	35.9 to 46.4		106	0.6%	54.7%	100	0.6%	57.0%	98	3.2%	79.6%
Q3 middle	46.4 to 53.9		103	0.9%	56.3%	90	0.6%	54.4%	78	1.9%	74.4%
Q4 high	54.0 to 62.6		97	1.0%	61.9%	84	0.8%	57.1%	65	1.7%	60.0%
Q5 highest	63.0 to 87.8	Current	100	0.9%	60.0%	93	0.6%	64.5%	67	1.4%	61.2%

SMH Semiconductors

Sector / Industry

84.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.6 to 34.7		106	3.3%	67.0%	106	5.2%	60.4%	106	21.3%	78.3%
Q2 low	34.8 to 44.9		106	1.1%	59.4%	106	5.5%	68.9%	106	18.7%	66.0%
Q3 middle	45.1 to 54.3		107	3.3%	67.3%	105	14.2%	78.1%	95	32.0%	82.1%
Q4 high	54.3 to 64.8		104	2.3%	63.5%	101	15.5%	85.1%	74	26.8%	89.2%
Q5 highest	64.9 to 86.9	Current	89	6.5%	74.2%	54	30.5%	96.3%	31	43.7%	93.5%

XHB Homebuilders

Sector / Industry

35.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.2 to 37.1	Current	105	-1.0%	46.7%	101	-1.8%	40.6%	88	0.9%	55.7%
Q2 low	37.2 to 45.6		101	0.3%	51.5%	92	0.1%	50.0%	83	1.6%	51.8%
Q3 middle	45.6 to 53.0		102	0.2%	51.0%	89	-1.0%	47.2%	79	-1.1%	45.6%
Q4 high	53.0 to 62.5		104	-0.2%	49.0%	95	-3.2%	40.0%	81	-4.7%	35.8%
Q5 highest	62.5 to 92.1		100	4.0%	71.0%	95	6.0%	58.9%	81	-0.7%	48.1%

KRE Regional Banks

Sector / Industry

44.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.4 to 35.9		101	4.1%	70.3%	87	2.1%	65.5%	80	10.9%	88.8%
Q2 low	36.0 to 45.1	Current	97	-1.0%	43.3%	84	1.3%	53.6%	78	7.3%	73.1%
Q3 middle	45.2 to 53.9		104	1.4%	58.7%	94	5.6%	68.1%	81	6.6%	71.6%
Q4 high	54.0 to 64.0		105	3.7%	62.9%	103	7.1%	68.9%	83	7.4%	72.3%
Q5 highest	64.1 to 91.3		105	3.7%	65.7%	104	8.2%	83.7%	90	12.0%	87.8%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

13.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.7 to 33.2	Current	91	-1.0%	26.4%	63	-1.6%	15.9%	31	-2.2%	22.6%
Q2 low	33.4 to 45.2		102	0.4%	56.9%	97	-0.3%	40.2%	81	-1.5%	27.2%
Q3 middle	45.3 to 55.2		105	0.7%	61.0%	100	0.3%	52.0%	93	-0.3%	45.2%
Q4 high	55.4 to 67.0		106	0.4%	50.9%	104	0.8%	51.9%	100	-0.3%	48.0%
Q5 highest	67.1 to 87.8		107	0.2%	50.5%	107	0.3%	53.3%	106	1.9%	56.6%

IEF Intermediate Treasury

Rates / Credit

42.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.9 to 36.6		100	0.0%	51.0%	91	0.1%	53.8%	54	0.1%	53.7%
Q2 low	37.1 to 45.1	Current	99	0.4%	64.6%	87	1.0%	67.8%	77	1.9%	68.8%
Q3 middle	45.2 to 53.5		102	0.5%	66.7%	92	1.0%	79.3%	87	1.5%	66.7%
Q4 high	53.5 to 63.6		105	0.6%	65.7%	98	1.1%	68.4%	95	2.4%	74.7%
Q5 highest	64.0 to 86.7		106	0.4%	57.5%	104	0.5%	58.7%	99	2.5%	76.8%

HYG High Yield Credit

Rates / Credit

37.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.1 to 35.8		94	0.4%	72.3%	71	1.1%	84.5%	59	2.1%	98.3%
Q2 low	36.0 to 45.3	Current	101	0.3%	64.4%	88	1.1%	89.8%	69	2.5%	97.1%
Q3 middle	45.3 to 53.4		103	0.7%	80.6%	100	1.7%	94.0%	88	3.3%	96.6%
Q4 high	53.5 to 63.8		106	0.8%	75.5%	105	2.0%	92.4%	97	3.9%	100.0%
Q5 highest	63.9 to 90.3		107	1.2%	86.0%	107	2.5%	95.3%	98	4.3%	96.9%

LQD Investment Grade Credit

Rates / Credit

45.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.4 to 34.7		96	0.0%	54.2%	70	-0.4%	37.1%	45	0.2%	62.2%
Q2 low	34.9 to 45.6	Current	100	0.1%	55.0%	90	0.3%	55.6%	68	0.1%	51.5%
Q3 middle	45.6 to 55.6		104	0.6%	70.2%	100	0.9%	73.0%	94	1.9%	71.3%
Q4 high	55.6 to 64.9		105	0.9%	73.3%	105	1.1%	67.6%	98	1.1%	66.3%
Q5 highest	65.0 to 92.3		107	0.9%	77.6%	107	2.2%	80.4%	107	4.1%	89.7%

Commodity / Currency

GLD Gold

Commodity / Currency

61.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.9 to 36.2		106	3.9%	85.8%	106	14.0%	97.2%	106	23.5%	100.0%
Q2 low	36.2 to 45.8		106	3.0%	83.0%	106	14.3%	97.2%	105	20.3%	98.1%
Q3 middle	45.9 to 54.5		107	3.0%	70.1%	101	9.2%	86.1%	93	16.9%	93.5%
Q4 high	54.5 to 62.2	Current	101	2.1%	54.5%	86	3.3%	64.0%	65	15.6%	76.9%
Q5 highest	62.2 to 87.9		92	-0.7%	44.6%	73	-0.9%	46.6%	43	17.5%	86.0%

SLV Silver

Commodity / Currency

64.3 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.4 to 29.9		106	6.3%	84.9%	106	16.2%	98.1%	106	52.0%	100.0%
Q2 low	30.0 to 41.6		106	2.6%	67.0%	106	10.3%	91.5%	106	23.1%	96.2%
Q3 middle	41.7 to 52.5		107	2.4%	66.4%	107	5.9%	74.8%	107	9.2%	83.2%
Q4 high	52.6 to 71.7	Current	98	2.0%	56.1%	69	19.2%	66.7%	61	21.1%	86.9%
Q5 highest	71.8 to 96.2		95	-2.2%	42.1%	84	-10.6%	16.7%	32	-21.2%	28.1%

USO Oil

Commodity / Currency

61.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.3 to 35.7		106	-2.0%	34.0%	106	-3.9%	34.0%	106	-1.0%	43.4%
Q2 low	35.7 to 45.7		106	-0.4%	45.3%	106	1.4%	57.5%	105	2.1%	58.1%
Q3 middle	45.7 to 53.5		102	-0.7%	46.1%	102	0.2%	50.0%	97	1.8%	56.7%
Q4 high	53.5 to 64.2	Current	93	0.8%	58.1%	82	4.9%	63.4%	75	5.1%	68.0%
Q5 highest	64.3 to 87.6		105	3.8%	61.9%	76	7.0%	63.2%	29	5.6%	62.1%

UUP Dollar

Commodity / Currency

24.3 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	9.8 to 36.0	Current	93	1.0%	62.4%	64	1.9%	78.1%	29	1.4%	82.8%
Q2 low	36.1 to 47.2		105	-0.2%	41.9%	98	0.9%	62.2%	84	2.1%	81.0%
Q3 middle	47.2 to 55.2		104	-0.3%	41.3%	103	0.4%	56.3%	95	2.5%	71.6%
Q4 high	55.4 to 64.0		104	0.4%	54.8%	102	1.0%	65.7%	101	2.7%	72.3%
Q5 highest	64.2 to 89.5		106	0.5%	59.4%	105	1.5%	65.7%	103	1.4%	54.4%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

72.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.6 to 34.9		106	2.4%	66.0%	95	4.5%	66.3%	92	8.0%	73.9%
Q2 low	35.0 to 44.9		106	2.5%	66.0%	100	5.6%	64.0%	92	7.7%	66.3%
Q3 middle	45.0 to 53.3		106	1.6%	60.4%	95	5.3%	72.6%	81	1.4%	54.3%
Q4 high	53.4 to 63.9		102	1.6%	60.8%	97	4.6%	68.0%	73	7.6%	71.2%
Q5 highest	63.9 to 95.7	Current	91	2.4%	60.4%	84	5.8%	65.5%	73	18.5%	75.3%

MSFT Microsoft

Single-Name Leadership

68.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.8 to 35.6		106	-0.1%	50.0%	106	-3.4%	30.2%	106	-4.3%	41.5%
Q2 low	35.7 to 45.7		106	-1.1%	41.5%	100	-3.4%	43.0%	100	-3.1%	42.0%
Q3 middle	45.9 to 54.4		104	-1.1%	38.5%	92	1.5%	58.7%	90	-2.3%	41.1%
Q4 high	54.4 to 64.3		98	-1.1%	40.8%	87	1.8%	60.9%	71	-3.6%	40.8%
Q5 highest	64.3 to 87.7	Current	98	0.7%	52.0%	87	2.9%	65.5%	45	10.1%	62.2%

NVDA Nvidia

Single-Name Leadership

45.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.0 to 38.1		101	3.7%	67.3%	88	5.4%	72.7%	74	9.9%	86.5%
Q2 low	38.2 to 45.8	Current	101	2.5%	59.4%	91	5.3%	64.8%	84	7.7%	78.6%
Q3 middle	45.9 to 52.1		101	2.2%	60.4%	98	6.6%	73.5%	81	10.1%	84.0%
Q4 high	52.4 to 61.4		103	-1.6%	45.6%	94	4.2%	56.4%	78	11.0%	75.6%
Q5 highest	61.5 to 86.8		106	0.5%	53.8%	101	11.3%	65.3%	95	12.2%	84.2%

AMZN Amazon

Single-Name Leadership

73.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.2 to 35.9		106	2.5%	56.6%	96	1.4%	53.1%	96	0.8%	54.2%
Q2 low	36.1 to 45.9		106	1.3%	59.4%	99	0.1%	50.5%	98	7.7%	73.5%
Q3 middle	46.1 to 53.3		104	0.6%	54.8%	95	3.6%	62.1%	85	3.4%	60.0%
Q4 high	53.4 to 62.2		101	2.2%	56.4%	95	5.9%	64.2%	70	7.1%	77.1%
Q5 highest	62.2 to 91.6	Current	94	4.4%	66.0%	86	14.9%	84.9%	62	19.8%	88.7%

META Meta

Single-Name Leadership

64.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.5 to 37.3		106	0.9%	56.6%	99	1.5%	57.6%	98	-6.5%	33.7%
Q2 low	37.3 to 45.5		105	1.0%	52.4%	98	3.0%	60.2%	93	-0.4%	49.5%
Q3 middle	45.8 to 53.3		104	-2.1%	41.3%	94	0.8%	52.1%	83	5.1%	62.7%
Q4 high	53.4 to 62.9		101	-1.5%	43.6%	92	0.3%	51.1%	69	6.8%	60.9%
Q5 highest	63.0 to 91.2	Current	96	5.6%	69.8%	89	8.2%	69.7%	69	23.7%	78.3%

GOOGL Alphabet

Single-Name Leadership

61.1 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.4 to 35.5		106	3.6%	67.0%	106	6.0%	63.2%	106	8.3%	71.7%
Q2 low	35.6 to 45.1		106	2.1%	58.5%	103	8.9%	61.2%	103	13.4%	70.9%
Q3 middle	45.1 to 54.9		107	4.3%	65.4%	99	15.6%	72.7%	91	20.7%	80.2%
Q4 high	54.9 to 64.7	Current	98	0.9%	53.1%	84	17.1%	77.4%	61	17.7%	82.0%
Q5 highest	64.8 to 91.7		95	2.1%	54.7%	80	14.5%	85.0%	51	23.8%	92.2%

TSLA Tesla

Single-Name Leadership

74.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.0 to 35.3		104	2.2%	51.9%	81	7.4%	64.2%	59	18.5%	67.8%
Q2 low	35.3 to 44.2		102	3.1%	60.8%	99	8.8%	62.6%	74	10.5%	60.8%
Q3 middle	44.2 to 52.8		104	-0.5%	48.1%	94	3.1%	58.5%	82	-0.7%	48.8%
Q4 high	53.0 to 63.8		98	1.3%	56.1%	95	4.5%	65.3%	94	17.5%	63.8%
Q5 highest	63.8 to 90.5	Current	104	0.8%	52.9%	103	15.7%	71.8%	103	34.7%	68.0%

Calm Options Tape

Measures whether options conditions are quiet, supported, and less hedging-heavy.

Exact calculation

0.35 * (100 - Protection Demand) + 0.20 * Call Activity + 0.25 * Gamma Stability + 0.20 * (100 - IV Pressure Composite).

High reading means

The option tape is calmer. That can support controlled price action, but it can also mean less contrarian return edge.

Caveat

Do not treat calm as automatically bullish.

Index / Market

SPY S&P 500

Index / Market

61.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.5 to 39.8		104	3.7%	80.8%	95	9.8%	98.9%	74	13.7%	81.1%
Q2 low	39.8 to 47.0		103	1.8%	70.9%	92	6.4%	95.7%	74	9.2%	82.4%
Q3 middle	47.0 to 53.3		107	1.6%	74.8%	94	5.2%	85.1%	83	8.4%	83.1%
Q4 high	53.4 to 60.5		101	1.5%	68.3%	95	3.7%	75.8%	85	7.7%	89.4%
Q5 highest	60.5 to 79.4	Current	97	0.2%	55.7%	96	-0.3%	47.9%	96	6.4%	84.4%

QQQ Nasdaq 100

Index / Market

53.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.4 to 41.2		100	3.4%	80.0%	88	11.3%	89.8%	82	18.0%	84.1%
Q2 low	41.2 to 46.8		102	2.3%	68.6%	89	8.0%	78.7%	78	10.6%	82.1%
Q3 middle	46.8 to 52.7		101	1.8%	69.3%	91	5.4%	80.2%	75	7.1%	77.3%
Q4 high	52.7 to 60.1	Current	103	1.4%	63.1%	98	4.0%	71.4%	80	7.1%	88.8%
Q5 highest	60.2 to 80.2		106	0.5%	58.5%	106	1.6%	53.8%	97	10.0%	96.9%

IWM Russell 2000

Index / Market

51.3 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.3 to 39.8		102	4.7%	74.5%	83	12.3%	97.6%	55	21.9%	90.9%
Q2 low	39.8 to 46.4		104	2.8%	67.3%	87	6.8%	86.2%	65	13.9%	81.5%
Q3 middle	46.4 to 52.8	Current	97	1.0%	58.8%	94	5.0%	71.3%	87	13.1%	77.0%
Q4 high	52.8 to 59.8		102	2.2%	71.6%	101	3.5%	63.4%	99	4.4%	64.6%
Q5 highest	59.8 to 85.8		107	1.0%	65.4%	107	3.7%	70.1%	106	4.4%	65.1%

DIA Dow Jones

Index / Market

54.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.3 to 38.2		105	3.8%	91.4%	101	7.9%	92.1%	76	11.7%	94.7%
Q2 low	38.3 to 45.5		103	1.5%	68.0%	93	4.8%	82.8%	78	7.4%	91.0%
Q3 middle	45.5 to 54.4		106	1.7%	75.5%	92	3.2%	79.3%	79	6.0%	79.7%
Q4 high	54.4 to 62.1	Current	100	1.7%	68.0%	92	3.5%	67.4%	87	6.6%	74.7%
Q5 highest	62.2 to 85.7		98	1.5%	64.3%	94	4.3%	61.7%	92	5.5%	77.2%

RSP Equal-Weight S&P 500

Index / Market

55.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.4 to 37.5		105	2.8%	75.2%	99	6.0%	87.9%	67	6.3%	71.6%
Q2 low	37.5 to 46.5		103	2.1%	71.8%	92	3.8%	82.6%	78	6.5%	80.8%
Q3 middle	46.5 to 54.2		102	1.7%	66.7%	87	3.3%	81.6%	80	6.6%	85.0%
Q4 high	54.2 to 61.1	Current	99	1.5%	72.7%	92	2.3%	68.5%	87	7.2%	89.7%
Q5 highest	61.1 to 82.3		103	1.7%	68.0%	102	1.7%	64.7%	100	7.5%	88.0%

VTI Total Market

Index / Market

48.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	22.4 to 39.8		105	3.5%	79.0%	99	9.5%	90.9%	77	13.8%	84.4%
Q2 low	39.9 to 47.6		98	1.4%	64.3%	89	5.7%	79.8%	74	8.4%	83.8%
Q3 middle	47.7 to 53.2	Current	103	1.5%	68.9%	90	3.8%	71.1%	75	8.0%	77.3%
Q4 high	53.3 to 60.0		101	1.1%	64.4%	94	2.5%	71.3%	93	8.5%	81.7%
Q5 highest	60.0 to 79.7		105	1.7%	74.3%	100	4.3%	88.0%	93	6.9%	84.9%

Sector / Industry

XLK Technology

Sector / Industry

38.2 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	19.0 to 41.0	Current	93	3.6%	75.3%	66	13.0%	93.9%	62	20.1%	85.5%
Q2 low	41.0 to 46.9		104	2.4%	67.3%	97	10.2%	81.4%	84	13.3%	89.3%
Q3 middle	46.9 to 53.5		102	2.0%	71.6%	97	5.7%	71.1%	81	8.5%	79.0%
Q4 high	53.6 to 59.5		106	0.3%	51.9%	105	2.0%	59.0%	90	6.6%	82.2%
Q5 highest	59.7 to 81.7		107	-0.3%	46.7%	107	0.0%	50.5%	95	6.9%	71.6%

XLY Consumer Discretionary

Sector / Industry

49.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.5 to 39.9		106	1.1%	61.3%	106	3.5%	61.3%	92	5.5%	60.9%
Q2 low	39.9 to 46.3		106	0.5%	55.7%	105	4.4%	72.4%	87	3.3%	59.8%
Q3 middle	46.4 to 52.4	Current	106	1.4%	60.4%	94	3.6%	73.4%	82	2.1%	59.8%
Q4 high	52.4 to 60.1		99	0.6%	58.6%	85	2.6%	69.4%	72	-0.9%	44.4%
Q5 highest	60.2 to 82.8		95	3.0%	72.6%	82	6.1%	82.9%	79	16.1%	74.7%

XLC Communication Services

Sector / Industry

62.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	23.6 to 41.8		106	2.4%	70.8%	106	7.6%	79.2%	98	11.2%	90.8%
Q2 low	42.1 to 48.2		104	-0.0%	50.0%	100	1.8%	68.0%	85	7.9%	75.3%
Q3 middle	48.3 to 52.1		100	1.3%	63.0%	92	2.6%	67.4%	78	9.3%	87.2%
Q4 high	52.2 to 58.1		104	0.9%	57.7%	92	3.2%	72.8%	80	5.7%	80.0%
Q5 highest	58.2 to 78.3	Current	97	0.9%	60.8%	81	2.7%	65.4%	70	6.0%	87.1%

XLF Financials

Sector / Industry

45.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.1 to 38.5		105	3.0%	72.4%	105	6.3%	94.3%	101	6.5%	73.3%
Q2 low	38.8 to 47.1	Current	102	2.3%	67.6%	102	5.2%	77.5%	87	5.7%	80.5%
Q3 middle	47.1 to 53.6		102	0.7%	56.9%	96	1.6%	63.5%	79	4.0%	69.6%
Q4 high	53.6 to 61.4		101	1.0%	61.4%	94	2.3%	64.9%	80	5.0%	78.8%
Q5 highest	61.8 to 83.8		102	0.1%	51.0%	75	0.2%	53.3%	65	2.7%	75.4%

XLI Industrials

Sector / Industry

34.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.0 to 37.6	Current	89	3.4%	79.8%	54	5.4%	87.0%	18	10.0%	94.4%
Q2 low	37.8 to 47.7		103	1.2%	63.1%	98	4.9%	85.7%	77	12.1%	88.3%
Q3 middle	47.7 to 55.1		106	1.4%	68.9%	106	2.8%	70.8%	105	11.1%	84.8%
Q4 high	55.1 to 61.2		106	2.1%	70.8%	106	6.1%	80.2%	104	10.2%	91.3%
Q5 highest	61.2 to 79.0		107	1.2%	60.7%	107	5.4%	73.8%	107	9.4%	92.5%

XLE Energy

Sector / Industry

50.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.0 to 40.8		106	1.8%	64.2%	105	4.4%	73.3%	101	7.9%	89.1%
Q2 low	40.8 to 47.4		105	0.6%	53.3%	101	4.2%	67.3%	96	10.1%	88.5%
Q3 middle	47.5 to 53.5	Current	103	-0.5%	44.7%	95	1.3%	57.9%	78	3.2%	65.4%
Q4 high	53.5 to 59.8		97	1.4%	60.8%	78	2.7%	66.7%	63	1.9%	58.7%
Q5 highest	59.8 to 75.8		101	2.7%	66.3%	93	1.8%	55.9%	74	-2.6%	44.6%

XLB Materials

Sector / Industry

40.4 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.7 to 41.4	Current	99	1.5%	58.6%	91	4.3%	71.4%	73	7.2%	79.5%
Q2 low	41.4 to 46.1		100	1.4%	60.0%	86	3.2%	61.6%	65	3.6%	72.3%
Q3 middle	46.2 to 51.3		101	0.2%	52.5%	91	2.2%	62.6%	79	4.7%	72.2%
Q4 high	51.3 to 59.2		105	0.7%	54.3%	100	2.7%	65.0%	91	3.3%	65.9%
Q5 highest	59.5 to 84.0		107	0.9%	56.1%	104	-2.2%	37.5%	104	2.3%	63.5%

XLU Utilities

Sector / Industry

47.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.1 to 41.1		106	-0.1%	48.1%	103	2.5%	60.2%	99	6.2%	86.9%
Q2 low	41.4 to 47.5		104	1.3%	61.5%	101	4.9%	79.2%	98	7.4%	89.8%
Q3 middle	47.5 to 53.1	Current	101	1.6%	67.3%	94	4.9%	75.5%	82	7.3%	96.3%
Q4 high	53.1 to 59.5		99	1.3%	58.6%	85	3.0%	70.6%	71	7.4%	94.4%
Q5 highest	59.5 to 83.0		101	2.1%	73.3%	88	6.1%	76.1%	61	8.0%	98.4%

XLRE Real Estate

Sector / Industry

69.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	24.3 to 41.1		106	0.8%	64.2%	101	1.4%	67.3%	90	0.7%	58.9%
Q2 low	41.1 to 47.0		102	2.0%	73.5%	95	2.3%	66.3%	86	2.2%	70.9%
Q3 middle	47.0 to 53.1		104	0.5%	57.7%	95	0.8%	60.0%	86	2.3%	68.6%
Q4 high	53.1 to 58.2		102	0.4%	55.9%	94	0.9%	62.8%	81	4.0%	72.8%
Q5 highest	58.2 to 81.8	Current	98	0.6%	56.1%	87	1.0%	56.3%	69	0.5%	55.1%

XLV Health Care

Sector / Industry

40.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.1 to 39.7		104	-0.9%	40.4%	94	0.5%	53.2%	53	5.0%	71.7%
Q2 low	39.8 to 48.1	Current	100	0.0%	50.0%	95	-1.3%	45.3%	79	-3.0%	40.5%
Q3 middle	48.1 to 54.1		100	-0.4%	48.0%	93	1.8%	53.8%	90	-2.1%	44.4%
Q4 high	54.2 to 61.2		103	1.2%	68.9%	98	2.4%	66.3%	98	-2.4%	34.7%
Q5 highest	61.4 to 83.4		105	2.3%	73.3%	92	3.3%	57.6%	92	-2.1%	41.3%

XLP Consumer Staples

Sector / Industry

37.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.7 to 42.5	Current	92	1.0%	68.5%	82	0.6%	62.2%	73	1.7%	64.4%
Q2 low	42.5 to 47.8		102	0.8%	61.8%	93	1.0%	67.7%	72	0.6%	61.1%
Q3 middle	47.8 to 52.4		105	0.5%	53.3%	92	-0.2%	48.9%	79	2.2%	73.4%
Q4 high	52.5 to 57.7		106	0.5%	55.7%	99	1.0%	60.6%	92	2.8%	73.9%
Q5 highest	57.7 to 74.8		107	-0.1%	47.7%	106	0.8%	56.6%	96	6.5%	80.2%

SMH Semiconductors

Sector / Industry

44.4 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	24.5 to 42.4		102	5.3%	73.5%	75	16.5%	86.7%	59	34.7%	86.4%
Q2 low	42.5 to 46.9	Current	93	4.3%	79.6%	86	16.7%	90.7%	72	31.1%	88.9%
Q3 middle	47.0 to 51.2		104	3.3%	65.4%	99	13.3%	83.8%	84	26.8%	82.1%
Q4 high	51.3 to 56.8		106	1.4%	60.4%	105	12.9%	76.2%	92	26.7%	75.0%
Q5 highest	56.8 to 77.3		107	1.1%	53.3%	107	-0.6%	47.7%	105	8.3%	69.5%

XHB Homebuilders

Sector / Industry

46.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.5 to 39.4		100	3.7%	71.0%	92	4.7%	59.8%	66	-1.9%	47.0%
Q2 low	39.4 to 47.6	Current	97	0.6%	51.5%	88	-0.9%	46.6%	81	-4.7%	35.8%
Q3 middle	47.7 to 54.0		105	-1.5%	41.0%	92	-4.1%	39.1%	86	-4.5%	33.7%
Q4 high	54.1 to 60.2		106	0.2%	50.9%	100	-3.1%	42.0%	91	1.8%	54.9%
Q5 highest	60.2 to 85.3		104	2.6%	54.8%	100	-0.2%	49.0%	88	3.4%	64.8%

KRE Regional Banks

Sector / Industry

42.3 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	23.4 to 39.2		105	3.8%	61.9%	104	7.7%	75.0%	95	10.1%	81.1%
Q2 low	39.3 to 46.7	Current	99	3.5%	64.6%	88	9.0%	69.3%	74	9.8%	79.7%
Q3 middle	46.8 to 53.0		105	0.3%	51.4%	94	4.4%	64.9%	76	2.8%	57.9%
Q4 high	53.0 to 60.0		101	3.0%	58.4%	92	4.4%	64.1%	83	9.1%	81.9%
Q5 highest	60.0 to 89.4		102	3.8%	65.7%	94	2.3%	69.1%	84	11.1%	91.7%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

71.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	23.8 to 37.4		106	0.1%	50.0%	106	1.8%	57.5%	106	1.9%	60.4%
Q2 low	37.4 to 45.6		106	1.0%	57.5%	106	0.2%	51.9%	104	-0.3%	47.1%
Q3 middle	45.6 to 53.7		106	0.8%	61.3%	105	0.1%	53.3%	96	-0.9%	39.6%
Q4 high	53.8 to 61.9		102	-0.2%	44.1%	92	-0.8%	31.5%	77	-1.6%	28.6%
Q5 highest	61.9 to 84.1	Current	91	-1.0%	33.0%	62	-1.7%	17.7%	28	-1.6%	21.4%

IEF Intermediate Treasury

Rates / Credit

58.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.7 to 38.5		106	0.4%	56.6%	106	0.6%	59.4%	106	2.4%	78.3%
Q2 low	38.6 to 47.2		104	0.7%	67.3%	103	1.2%	68.9%	102	2.8%	75.5%
Q3 middle	47.2 to 54.5		103	0.7%	72.8%	94	1.1%	72.3%	87	2.2%	74.7%
Q4 high	54.6 to 61.1	Current	102	0.2%	59.8%	87	0.7%	77.0%	74	0.5%	60.8%
Q5 highest	61.2 to 83.1		97	-0.0%	48.5%	82	-0.1%	48.8%	43	-0.3%	39.5%

HYG High Yield Credit

Rates / Credit

63.3 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.7 to 39.5		106	1.3%	90.6%	106	2.6%	96.2%	103	4.1%	99.0%
Q2 low	39.5 to 47.0		106	0.8%	79.2%	106	1.9%	90.6%	102	3.8%	98.0%
Q3 middle	47.1 to 53.8		106	0.6%	71.7%	102	1.6%	92.2%	91	3.5%	95.6%
Q4 high	53.8 to 60.3		100	0.3%	66.0%	87	1.2%	90.8%	67	2.4%	98.5%
Q5 highest	60.5 to 79.9	Current	93	0.4%	71.0%	70	1.0%	87.1%	48	2.0%	97.9%

LQD Investment Grade Credit

Rates / Credit

68.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.0 to 37.6		106	0.9%	77.4%	106	2.4%	84.9%	106	4.2%	91.5%
Q2 low	37.7 to 45.2		106	0.9%	68.9%	106	1.2%	69.8%	106	2.5%	76.4%
Q3 middle	45.3 to 53.6		106	0.6%	74.5%	105	0.7%	64.8%	95	0.5%	62.1%
Q4 high	53.7 to 62.7		103	0.2%	54.4%	92	0.1%	53.3%	73	0.1%	53.4%
Q5 highest	62.7 to 81.8	Current	91	0.0%	54.9%	63	-0.2%	39.7%	32	-0.2%	46.9%

Commodity / Currency

GLD Gold

Commodity / Currency

25.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.8 to 39.8	Current	86	-2.7%	32.6%	50	0.3%	52.0%	29	16.1%	100.0%
Q2 low	39.9 to 47.3		106	1.9%	67.0%	103	4.8%	73.8%	88	19.3%	100.0%
Q3 middle	47.4 to 53.3		107	3.8%	80.4%	106	8.2%	84.9%	94	19.3%	93.6%
Q4 high	53.4 to 60.9		106	2.4%	71.7%	106	12.1%	84.0%	98	17.9%	89.8%
Q5 highest	61.0 to 78.9		107	5.5%	83.2%	107	16.7%	94.4%	103	22.4%	87.4%

SLV Silver

Commodity / Currency

23.1 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.6 to 32.2	Current	88	-4.0%	38.6%	66	-13.2%	6.1%	24	-26.1%	8.3%
Q2 low	32.2 to 47.4		104	1.0%	52.9%	86	6.5%	67.4%	68	6.5%	82.4%
Q3 middle	47.7 to 56.9		107	3.6%	68.2%	107	6.2%	73.8%	107	10.9%	83.2%
Q4 high	56.9 to 65.4		106	3.1%	73.6%	106	11.7%	90.6%	106	24.1%	99.1%
Q5 highest	65.4 to 82.1		107	5.0%	81.3%	107	16.2%	97.2%	107	55.7%	100.0%

USO Oil

Commodity / Currency

55.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.8 to 42.2		106	1.3%	53.8%	92	3.3%	62.0%	71	1.8%	59.2%
Q2 low	42.3 to 47.0		100	1.0%	54.0%	80	-0.6%	47.5%	66	-0.2%	48.5%
Q3 middle	47.0 to 51.5		100	0.8%	57.0%	96	1.1%	53.1%	82	4.8%	65.9%
Q4 high	51.6 to 57.9	Current	100	-0.9%	41.0%	98	0.8%	54.1%	92	2.3%	57.6%
Q5 highest	58.0 to 79.0		106	-1.8%	38.7%	106	-0.8%	46.2%	101	-0.2%	49.5%

UUP Dollar

Commodity / Currency

66.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.8 to 37.5		106	-0.2%	46.2%	106	0.4%	55.7%	106	-0.9%	48.1%
Q2 low	37.6 to 46.6		105	0.0%	48.6%	103	0.3%	55.3%	102	3.4%	63.7%
Q3 middle	46.6 to 53.8		104	0.2%	57.7%	100	1.6%	75.0%	91	2.7%	82.4%
Q4 high	53.8 to 61.6		102	-0.0%	47.1%	94	0.8%	60.6%	79	1.7%	83.5%
Q5 highest	61.6 to 86.9	Current	95	0.8%	60.0%	69	1.6%	82.6%	34	1.5%	94.1%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

39.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.0 to 38.8		96	1.5%	58.3%	95	4.1%	65.3%	79	17.8%	77.2%
Q2 low	38.9 to 46.9	Current	100	1.8%	56.0%	96	5.7%	65.6%	77	2.2%	54.5%
Q3 middle	46.9 to 53.6		103	2.7%	63.1%	92	3.8%	63.0%	83	2.6%	59.0%
Q4 high	53.6 to 61.1		105	3.0%	73.3%	99	4.5%	65.7%	90	5.7%	66.7%
Q5 highest	61.1 to 84.7		107	2.1%	62.6%	89	6.6%	77.5%	82	12.2%	82.9%

MSFT Microsoft

Single-Name Leadership

42.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.5 to 39.1		105	1.6%	56.2%	105	3.5%	73.3%	98	0.3%	50.0%
Q2 low	39.2 to 46.1	Current	101	-0.7%	44.6%	100	1.6%	58.0%	87	-4.4%	40.2%
Q3 middle	46.4 to 53.5		100	-0.9%	44.0%	93	-0.8%	47.3%	79	-2.8%	34.2%
Q4 high	53.5 to 60.6		100	-1.3%	43.0%	91	-3.4%	35.2%	72	-6.2%	40.3%
Q5 highest	60.7 to 84.7		106	-1.9%	34.9%	83	-3.1%	33.7%	76	1.0%	52.6%

NVDA Nvidia

Single-Name Leadership

60.3 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.2 to 40.9		105	2.1%	55.2%	103	4.1%	64.1%	96	9.1%	76.0%
Q2 low	41.0 to 46.8		105	2.4%	61.9%	102	7.1%	74.5%	87	10.9%	90.8%
Q3 middle	46.8 to 52.9		102	1.7%	58.8%	97	6.3%	63.9%	87	10.0%	78.2%
Q4 high	53.0 to 59.3		101	1.3%	55.4%	90	6.7%	66.7%	77	9.3%	77.9%
Q5 highest	59.4 to 78.5	Current	99	1.8%	54.5%	80	4.7%	62.5%	65	13.1%	87.7%

AMZN Amazon

Single-Name Leadership

41.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.6 to 39.6		101	5.0%	66.3%	98	12.6%	71.4%	90	14.6%	71.1%
Q2 low	39.9 to 47.1	Current	98	2.3%	62.2%	91	9.5%	73.6%	74	10.6%	81.1%
Q3 middle	47.1 to 53.3		103	2.1%	60.2%	96	6.5%	66.7%	80	5.8%	70.0%
Q4 high	53.4 to 61.3		102	2.0%	54.9%	94	0.2%	51.1%	83	6.4%	66.3%
Q5 highest	61.4 to 78.6		107	-0.5%	49.5%	92	-0.3%	48.9%	84	2.1%	58.3%

META Meta

Single-Name Leadership

47.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.5 to 39.5		105	5.0%	61.0%	103	11.2%	78.6%	98	21.7%	73.5%
Q2 low	39.6 to 47.2		98	1.4%	54.1%	95	3.2%	58.9%	78	14.2%	70.5%
Q3 middle	47.2 to 53.6	Current	101	1.5%	58.4%	96	-0.3%	49.0%	81	-1.1%	46.9%
Q4 high	53.6 to 60.0		101	0.2%	51.5%	88	0.6%	52.3%	75	-1.2%	46.7%
Q5 highest	60.0 to 80.9		107	-1.6%	38.3%	90	-0.2%	48.9%	80	-4.9%	33.8%

GOOGL Alphabet

Single-Name Leadership

60.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.5 to 38.7		98	-0.3%	48.0%	90	7.7%	71.1%	69	16.5%	89.9%
Q2 low	38.8 to 45.3		98	1.3%	58.2%	84	13.3%	73.8%	62	12.2%	72.6%
Q3 middle	45.3 to 52.3		107	2.6%	58.9%	93	10.7%	68.8%	85	13.6%	72.9%
Q4 high	52.3 to 62.3	Current	102	2.8%	64.7%	98	13.3%	70.4%	89	18.0%	67.4%
Q5 highest	62.5 to 85.1		107	5.8%	69.2%	107	21.7%	71.0%	107	56.4%	84.1%

TSLA Tesla

Single-Name Leadership

38.1 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.3 to 38.1	Current	104	0.9%	51.9%	104	11.9%	64.4%	104	25.8%	66.3%
Q2 low	38.1 to 46.1		100	0.6%	54.0%	100	8.3%	65.0%	98	15.9%	65.3%
Q3 middle	46.2 to 53.2		102	2.7%	61.8%	99	6.5%	63.6%	93	9.5%	59.1%
Q4 high	53.3 to 62.3		102	3.2%	58.8%	96	10.9%	66.7%	78	14.4%	60.3%
Q5 highest	62.3 to 87.5		104	-2.2%	43.3%	73	3.6%	63.0%	39	3.6%	51.3%

Near-Term Path Risk

Measures whether the asset can have a rougher near-term path.

Exact calculation

0.40 * Protection Demand + 0.25 * IV Pressure + 0.25 * (100 - Gamma Stability) + 0.10 * Put Volume/OI Percentile.

High reading means

The asset is more vulnerable to sharp movement, gap risk, or choppier trading.

Caveat

High near-term path risk can precede an opportunity, but only after price and Forward Return Evidence confirm.

Index / Market

SPY S&P 500

Index / Market

50.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	9.8 to 36.2		105	0.7%	57.1%	104	2.5%	58.7%	104	6.0%	81.7%
Q2 low	36.4 to 44.0		100	1.7%	76.0%	98	3.5%	74.5%	97	7.7%	79.4%
Q3 middle	44.6 to 53.1	Current	101	1.7%	75.2%	92	4.7%	83.7%	87	8.0%	85.1%
Q4 high	53.2 to 65.8		104	1.8%	76.0%	88	5.7%	90.9%	70	9.3%	84.3%
Q5 highest	66.0 to 89.6		102	4.0%	67.6%	90	11.3%	98.9%	54	18.7%	96.3%

QQQ Nasdaq 100

Index / Market

62.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.1 to 35.8		106	1.3%	67.9%	106	2.1%	55.7%	105	8.4%	94.3%
Q2 low	36.0 to 45.2		106	1.4%	64.2%	105	3.2%	64.8%	100	7.4%	81.0%
Q3 middle	45.2 to 54.0		106	1.9%	65.1%	102	7.0%	83.3%	86	9.1%	81.4%
Q4 high	54.0 to 64.9	Current	100	1.3%	67.0%	85	9.2%	82.4%	64	10.7%	84.4%
Q5 highest	64.9 to 85.5		94	4.6%	75.5%	74	15.0%	90.5%	57	20.7%	91.2%

IWM Russell 2000

Index / Market

54.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.5 to 33.6		106	1.7%	70.8%	106	5.4%	76.4%	106	5.9%	63.2%
Q2 low	33.7 to 44.7		106	2.1%	70.8%	105	3.0%	65.7%	105	4.0%	61.0%
Q3 middle	45.0 to 54.9		101	1.8%	63.4%	97	4.8%	70.1%	94	12.9%	80.9%
Q4 high	54.9 to 65.8	Current	97	1.8%	62.9%	83	6.8%	80.7%	69	13.9%	88.4%
Q5 highest	65.9 to 92.8		102	3.8%	69.6%	81	12.7%	95.1%	38	21.3%	92.1%

DIA Dow Jones

Index / Market

35.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.9 to 36.1	Current	96	1.5%	63.5%	92	4.5%	65.2%	92	7.9%	75.0%
Q2 low	36.7 to 46.0		102	1.9%	76.5%	90	4.2%	76.7%	84	5.7%	76.2%
Q3 middle	46.1 to 53.6		106	2.3%	72.6%	91	3.7%	73.6%	80	5.6%	77.5%
Q4 high	53.8 to 63.3		102	1.8%	72.5%	93	4.2%	79.6%	82	6.8%	90.2%
Q5 highest	63.4 to 87.1		106	3.3%	82.1%	106	7.9%	87.7%	74	9.8%	98.6%

RSP Equal-Weight S&P 500

Index / Market

49.5 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.3 to 35.8		105	1.7%	69.5%	104	1.7%	63.5%	103	7.7%	89.3%
Q2 low	35.9 to 45.4		97	1.8%	73.2%	93	3.0%	79.6%	89	7.4%	91.0%
Q3 middle	45.5 to 53.7	Current	99	1.9%	71.7%	89	4.0%	77.5%	82	6.8%	84.1%
Q4 high	53.7 to 65.2		105	1.7%	70.5%	88	3.5%	77.3%	71	5.6%	76.1%
Q5 highest	65.3 to 89.2		106	2.9%	69.8%	98	5.6%	87.8%	67	7.2%	73.1%

VTI Total Market

Index / Market

36.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.1 to 36.4		102	1.4%	72.5%	97	4.0%	81.4%	95	8.9%	87.4%
Q2 low	36.4 to 43.4	Current	97	1.2%	61.9%	89	3.0%	74.2%	84	6.3%	72.6%
Q3 middle	43.4 to 52.2		104	1.7%	75.0%	95	4.9%	76.8%	85	8.9%	83.5%
Q4 high	52.3 to 64.1		102	2.3%	75.5%	93	4.5%	79.6%	78	5.9%	78.2%
Q5 highest	64.1 to 94.4		107	2.8%	66.4%	98	10.1%	89.8%	70	16.2%	91.4%

Sector / Industry

XLK Technology

Sector / Industry

65.5 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.3 to 37.1		106	0.2%	50.9%	106	0.9%	52.8%	93	3.2%	63.4%
Q2 low	37.2 to 44.9		105	0.9%	60.0%	101	5.1%	61.4%	88	7.6%	80.7%
Q3 middle	45.2 to 53.7		105	1.5%	59.0%	101	7.6%	74.3%	86	11.1%	87.2%
Q4 high	53.9 to 62.3		100	2.9%	70.0%	96	10.4%	78.1%	79	12.6%	87.3%
Q5 highest	62.4 to 94.6	Current	96	2.7%	71.9%	68	11.0%	85.3%	66	17.8%	90.9%

XLY Consumer Discretionary

Sector / Industry

43.7 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 36.8		94	1.1%	67.0%	76	2.5%	63.2%	70	1.4%	61.4%
Q2 low	36.9 to 45.2	Current	102	1.4%	60.8%	90	4.4%	72.2%	81	1.8%	60.5%
Q3 middle	45.3 to 54.1		105	0.3%	55.2%	99	3.2%	73.7%	82	-0.1%	50.0%
Q4 high	54.2 to 63.2		104	1.9%	66.3%	100	5.4%	78.0%	88	3.6%	62.5%
Q5 highest	63.2 to 87.2		107	0.9%	58.9%	107	4.9%	68.2%	91	10.5%	65.9%

XLC Communication Services

Sector / Industry

36.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.2 to 38.6	Current	96	-0.1%	50.0%	72	0.9%	58.3%	55	3.3%	76.4%
Q2 low	38.6 to 45.8		99	1.1%	58.6%	88	3.1%	75.0%	73	5.5%	78.1%
Q3 middle	45.9 to 53.5		104	1.7%	67.3%	101	3.0%	65.3%	91	9.7%	83.5%
Q4 high	53.6 to 60.9		106	1.1%	58.5%	104	2.4%	73.1%	93	7.1%	84.9%
Q5 highest	60.9 to 86.7		106	3.1%	67.0%	106	8.4%	79.2%	99	11.8%	92.9%

XLF Financials

Sector / Industry

40.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.5 to 36.4		102	0.8%	56.9%	79	-0.1%	49.4%	73	2.7%	69.9%
Q2 low	36.4 to 45.1	Current	99	1.3%	57.6%	86	2.3%	65.1%	79	4.1%	73.4%
Q3 middle	45.1 to 54.5		102	1.3%	61.8%	98	1.9%	69.4%	83	4.2%	75.9%
Q4 high	54.5 to 63.2		103	1.2%	61.2%	103	4.1%	78.6%	86	4.8%	79.1%
Q5 highest	63.2 to 90.1		106	3.1%	71.7%	106	6.3%	90.6%	91	7.6%	78.0%

XLI Industrials

Sector / Industry

61.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.3 to 34.8		106	1.6%	66.0%	106	5.1%	78.3%	106	9.9%	93.4%
Q2 low	34.8 to 43.8		106	1.1%	67.9%	106	3.7%	70.8%	104	9.5%	86.5%
Q3 middle	44.0 to 53.2		106	2.3%	69.8%	105	3.1%	80.0%	103	10.0%	85.4%
Q4 high	53.3 to 64.8	Current	100	1.2%	61.0%	89	4.9%	79.8%	69	12.1%	91.3%
Q5 highest	64.8 to 90.6		93	3.8%	77.4%	65	8.2%	87.7%	29	15.8%	96.6%

XLE Energy

Sector / Industry

55.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.1 to 37.6		97	1.7%	57.7%	92	2.0%	58.7%	84	-1.4%	47.6%
Q2 low	37.8 to 45.9		101	0.3%	55.4%	81	3.1%	60.5%	71	1.9%	54.9%
Q3 middle	45.9 to 52.3		102	2.2%	66.7%	96	3.9%	77.1%	77	7.9%	76.6%
Q4 high	52.3 to 62.2	Current	105	0.6%	53.3%	97	2.1%	63.9%	83	6.5%	85.5%
Q5 highest	62.4 to 94.7		107	1.2%	56.1%	106	3.2%	61.3%	97	6.8%	89.7%

XLB Materials

Sector / Industry

62.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.3 to 38.3		106	1.2%	58.5%	103	-1.1%	43.7%	103	2.4%	60.2%
Q2 low	38.5 to 46.1		103	0.2%	52.4%	90	2.2%	58.9%	84	3.2%	69.0%
Q3 middle	46.3 to 53.3		103	1.5%	62.1%	98	3.1%	65.3%	83	4.7%	72.3%
Q4 high	53.3 to 62.1	Current	97	-0.5%	48.5%	88	2.1%	63.6%	69	4.3%	71.0%
Q5 highest	62.4 to 86.3		103	2.0%	59.2%	93	3.1%	65.6%	73	5.3%	80.8%

XLU Utilities

Sector / Industry

44.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.7 to 38.4		97	2.3%	74.2%	83	6.4%	81.9%	60	7.9%	100.0%
Q2 low	38.5 to 45.6	Current	96	1.2%	58.3%	84	4.6%	73.8%	68	6.7%	98.5%
Q3 middle	45.7 to 53.3		105	1.1%	60.0%	96	4.9%	78.1%	87	7.5%	93.1%
Q4 high	53.3 to 62.0		106	1.9%	64.2%	101	4.1%	73.3%	93	7.3%	94.6%
Q5 highest	62.0 to 87.8		107	0.2%	52.3%	107	1.5%	57.0%	103	6.2%	81.6%

XLRE Real Estate

Sector / Industry

39.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	19.0 to 38.8		96	0.1%	53.1%	79	-0.1%	48.1%	67	0.4%	55.2%
Q2 low	38.8 to 45.3	Current	102	0.6%	59.8%	96	1.1%	63.5%	83	2.3%	68.7%
Q3 middle	45.3 to 53.1		104	1.0%	64.4%	95	1.9%	72.6%	82	2.2%	69.5%
Q4 high	53.2 to 61.5		104	0.6%	59.6%	99	1.6%	67.7%	85	2.5%	67.1%
Q5 highest	61.5 to 83.1		106	1.4%	69.8%	103	1.6%	59.2%	95	1.6%	65.3%

XLV Health Care

Sector / Industry

53.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.4 to 36.0		104	2.0%	73.1%	93	5.0%	62.4%	93	-0.2%	45.2%
Q2 low	36.2 to 45.3		102	1.0%	61.8%	91	1.1%	51.6%	89	-2.9%	40.4%
Q3 middle	45.5 to 53.1		101	-0.2%	48.5%	95	-1.7%	46.3%	82	-4.1%	28.0%
Q4 high	53.2 to 63.0	Current	101	-0.1%	48.5%	95	0.5%	51.6%	78	-3.0%	38.5%
Q5 highest	63.0 to 91.2		104	-0.1%	49.0%	98	1.7%	64.3%	70	5.7%	72.9%

XLP Consumer Staples

Sector / Industry

71.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.7 to 38.5		106	0.2%	51.9%	105	1.3%	61.9%	103	6.3%	78.6%
Q2 low	38.7 to 46.8		106	0.2%	52.8%	92	0.1%	52.2%	86	2.5%	74.4%
Q3 middle	46.9 to 53.3		106	0.8%	56.6%	95	1.5%	65.3%	75	2.2%	74.7%
Q4 high	53.4 to 60.8		100	1.2%	63.0%	91	0.7%	58.2%	76	1.3%	68.4%
Q5 highest	60.9 to 86.8	Current	94	0.8%	61.7%	89	0.5%	57.3%	72	0.6%	56.9%

SMH Semiconductors

Sector / Industry

72.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.6 to 37.8		106	3.1%	66.0%	106	5.6%	61.3%	106	20.3%	79.2%
Q2 low	37.8 to 46.1		106	1.6%	61.3%	105	6.5%	71.4%	103	17.4%	66.0%
Q3 middle	46.2 to 54.1		105	1.9%	64.8%	104	16.4%	76.0%	91	28.0%	83.5%
Q4 high	54.1 to 62.2		103	4.0%	69.9%	94	15.3%	88.3%	71	30.5%	88.7%
Q5 highest	62.3 to 88.5	Current	92	5.3%	68.5%	63	20.4%	87.3%	41	28.4%	85.4%

XHB Homebuilders

Sector / Industry

43.8 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.7 to 37.6		105	2.6%	51.4%	99	-1.5%	45.5%	82	2.7%	61.0%
Q2 low	37.6 to 45.0	Current	103	1.4%	54.4%	89	2.2%	53.9%	79	1.7%	57.0%
Q3 middle	45.0 to 53.0		102	-1.6%	42.2%	94	-4.2%	36.2%	90	-1.1%	45.6%
Q4 high	53.2 to 62.8		100	0.5%	51.0%	90	-0.8%	48.9%	78	-4.6%	33.3%
Q5 highest	62.9 to 91.9		102	3.6%	69.6%	100	0.7%	52.0%	83	-2.7%	41.0%

KRE Regional Banks

Sector / Industry

47.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 36.1		100	4.1%	67.0%	89	2.4%	69.7%	79	11.2%	91.1%
Q2 low	36.2 to 44.9		99	1.3%	55.6%	84	3.6%	63.1%	77	7.8%	75.3%
Q3 middle	44.9 to 53.2	Current	103	1.5%	54.4%	93	4.7%	62.4%	77	5.8%	72.7%
Q4 high	53.2 to 63.4		105	3.7%	69.5%	101	8.3%	70.3%	84	7.1%	70.2%
Q5 highest	63.6 to 92.5		105	2.1%	55.2%	105	6.0%	76.2%	95	10.7%	84.2%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

13.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.7 to 32.9	Current	90	-1.0%	27.8%	60	-1.3%	18.3%	27	-2.3%	18.5%
Q2 low	32.9 to 44.7		102	0.0%	51.0%	96	-0.4%	40.6%	80	-1.0%	36.2%
Q3 middle	45.0 to 55.5		106	0.9%	65.1%	104	-0.4%	45.2%	95	-1.2%	37.9%
Q4 high	55.6 to 67.2		106	-0.2%	47.2%	104	1.6%	58.7%	103	0.2%	50.5%
Q5 highest	67.3 to 88.3		107	0.6%	54.2%	107	0.2%	50.5%	106	1.3%	53.8%

IEF Intermediate Treasury

Rates / Credit

40.9 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.2 to 37.1		99	-0.1%	45.5%	82	-0.0%	48.8%	44	-0.2%	45.5%
Q2 low	37.2 to 45.1	Current	99	0.6%	71.7%	94	1.2%	73.4%	83	1.3%	65.1%
Q3 middle	45.2 to 53.5		103	0.4%	64.1%	91	1.0%	74.7%	85	2.0%	68.2%
Q4 high	53.5 to 62.6		105	0.7%	65.7%	100	1.1%	73.0%	98	3.1%	77.6%
Q5 highest	62.8 to 86.1		106	0.4%	58.5%	105	0.5%	56.2%	102	2.3%	77.5%

HYG High Yield Credit

Rates / Credit

33.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 36.3	Current	91	0.3%	72.5%	61	1.0%	80.3%	47	1.9%	97.9%
Q2 low	36.3 to 46.2		102	0.5%	64.7%	96	1.1%	94.8%	75	2.4%	96.0%
Q3 middle	46.3 to 54.2		105	0.6%	75.2%	102	1.7%	91.2%	88	3.6%	97.7%
Q4 high	54.2 to 63.9		106	0.8%	78.3%	105	1.9%	91.4%	99	3.7%	99.0%
Q5 highest	64.0 to 88.8		107	1.4%	87.9%	107	2.6%	96.3%	102	4.3%	98.0%

LQD Investment Grade Credit

Rates / Credit

43.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 34.5		96	0.0%	54.2%	66	-0.3%	37.9%	37	0.1%	59.5%
Q2 low	34.7 to 45.6	Current	98	0.1%	53.1%	91	0.1%	51.6%	71	-0.1%	46.5%
Q3 middle	45.6 to 56.0		105	1.0%	74.3%	102	0.8%	72.5%	94	0.9%	71.3%
Q4 high	56.1 to 64.8		106	0.7%	71.7%	106	1.1%	69.8%	103	2.5%	70.9%
Q5 highest	64.9 to 92.5		107	1.1%	76.6%	107	2.2%	80.4%	107	4.1%	89.7%

Commodity / Currency

GLD Gold

Commodity / Currency

64.1 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.9 to 38.1		106	5.3%	84.0%	106	16.5%	99.1%	105	26.5%	98.1%
Q2 low	38.3 to 45.5		106	2.8%	79.2%	106	12.0%	88.7%	99	16.4%	93.9%
Q3 middle	45.6 to 52.8		107	3.3%	79.4%	105	8.0%	80.0%	89	18.7%	86.5%
Q4 high	52.8 to 60.4		106	-0.1%	48.1%	88	3.8%	72.7%	74	17.6%	89.2%
Q5 highest	60.5 to 89.2	Current	87	-0.6%	47.1%	67	0.5%	52.2%	45	18.3%	97.8%

SLV Silver

Commodity / Currency

67.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.7 to 29.5		106	5.7%	82.1%	106	15.5%	98.1%	106	51.7%	100.0%
Q2 low	29.6 to 42.0		106	2.8%	70.8%	106	7.5%	88.7%	106	21.9%	94.3%
Q3 middle	42.2 to 53.2		107	2.8%	69.2%	107	7.8%	77.6%	107	11.1%	88.8%
Q4 high	53.6 to 72.2	Current	101	0.3%	50.5%	77	6.6%	59.7%	61	11.1%	80.3%
Q5 highest	72.2 to 98.2		92	-2.2%	43.5%	76	-9.5%	18.4%	32	-21.2%	28.1%

USO Oil

Commodity / Currency

54.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	19.3 to 38.2		106	-1.8%	35.8%	106	-3.1%	40.6%	105	-1.4%	42.9%
Q2 low	38.2 to 45.6		100	-1.5%	40.0%	100	1.1%	54.0%	95	1.3%	53.7%
Q3 middle	45.6 to 53.5		99	-0.3%	48.5%	90	1.7%	57.8%	86	4.0%	58.1%
Q4 high	53.5 to 62.6	Current	101	0.7%	53.5%	86	1.1%	53.5%	77	4.5%	70.1%
Q5 highest	62.7 to 86.2		106	3.2%	66.0%	90	3.1%	58.9%	49	3.8%	63.3%

UUP Dollar

Commodity / Currency

19.7 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.5 to 34.0	Current	93	0.9%	62.4%	62	1.7%	79.0%	26	1.5%	96.2%
Q2 low	34.1 to 47.0		104	-0.0%	47.1%	97	1.3%	71.1%	80	2.1%	87.5%
Q3 middle	47.1 to 54.8		103	-0.1%	43.7%	102	0.3%	55.9%	97	2.3%	73.2%
Q4 high	54.8 to 64.9		106	-0.0%	49.1%	105	0.8%	62.9%	103	3.2%	73.8%
Q5 highest	65.1 to 90.3		106	0.6%	57.5%	106	1.3%	60.4%	106	-1.7%	44.3%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

77.1 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.8 to 35.7		106	2.6%	66.0%	97	4.5%	70.1%	93	8.1%	77.4%
Q2 low	35.7 to 44.4		106	1.7%	67.0%	98	3.9%	66.3%	95	4.1%	61.1%
Q3 middle	44.5 to 51.5		106	2.0%	57.5%	98	4.1%	63.3%	85	5.3%	56.5%
Q4 high	51.5 to 64.7		101	2.7%	65.3%	90	7.9%	72.2%	67	9.9%	71.6%
Q5 highest	64.7 to 97.2	Current	92	2.0%	57.6%	88	4.6%	64.8%	71	20.3%	76.1%

MSFT Microsoft

Single-Name Leadership

60.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.3 to 38.0		106	-1.0%	46.2%	102	-3.9%	26.5%	102	-1.5%	47.1%
Q2 low	38.1 to 47.0		103	-0.8%	47.6%	85	-2.5%	42.4%	83	-3.6%	37.3%
Q3 middle	47.0 to 53.5		98	-1.3%	37.8%	92	1.4%	57.6%	83	-5.5%	34.9%
Q4 high	53.5 to 60.6	Current	102	-1.6%	36.3%	94	2.1%	61.7%	71	-2.8%	38.0%
Q5 highest	60.6 to 89.2		103	1.6%	54.4%	99	2.5%	65.7%	73	10.1%	61.6%

NVDA Nvidia

Single-Name Leadership

51.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	19.5 to 39.1		103	2.4%	59.2%	95	3.1%	57.9%	84	12.6%	86.9%
Q2 low	39.2 to 46.0		102	3.6%	71.6%	97	7.5%	72.2%	86	9.9%	83.7%
Q3 middle	46.0 to 51.9	Current	102	0.8%	54.9%	93	6.5%	72.0%	79	8.2%	74.7%
Q4 high	51.9 to 60.6		102	0.4%	51.0%	88	4.5%	64.8%	76	9.2%	77.6%
Q5 highest	60.6 to 86.3		103	-0.1%	49.5%	99	13.7%	65.7%	87	10.9%	85.1%

AMZN Amazon

Single-Name Leadership

68.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.0 to 38.2		106	1.7%	54.7%	92	-1.9%	43.5%	91	2.6%	57.1%
Q2 low	38.3 to 45.7		106	0.9%	57.5%	99	3.1%	58.6%	94	6.4%	77.7%
Q3 middle	45.7 to 53.7		102	2.7%	59.8%	95	6.2%	70.5%	78	6.1%	65.4%
Q4 high	53.8 to 60.7		102	2.4%	57.8%	98	4.4%	61.2%	72	5.7%	63.9%
Q5 highest	60.7 to 92.5	Current	95	4.3%	63.2%	87	13.0%	79.3%	76	17.8%	81.6%

META Meta

Single-Name Leadership

57.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.7 to 38.3		106	0.3%	50.9%	92	0.3%	51.1%	89	-6.9%	30.3%
Q2 low	38.5 to 46.4		103	1.3%	53.4%	95	1.7%	58.9%	87	-3.2%	43.7%
Q3 middle	46.4 to 52.9		102	-1.4%	44.1%	92	3.2%	56.5%	76	3.3%	53.9%
Q4 high	53.0 to 61.0	Current	98	-0.3%	49.0%	91	1.6%	51.6%	75	8.8%	68.0%
Q5 highest	61.0 to 92.7		103	5.6%	65.0%	102	11.1%	70.6%	85	23.5%	82.4%

GOOGL Alphabet

Single-Name Leadership

53.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.7 to 35.5		106	5.8%	75.5%	106	19.8%	73.6%	106	49.5%	81.1%
Q2 low	35.6 to 45.7		106	3.6%	67.9%	106	13.2%	66.0%	105	13.3%	65.7%
Q3 middle	45.7 to 54.2	Current	105	1.5%	57.1%	96	7.1%	59.4%	91	16.4%	79.1%
Q4 high	54.3 to 63.8		95	0.9%	52.6%	80	16.2%	76.2%	57	17.7%	78.9%
Q5 highest	63.9 to 93.2		100	-1.2%	45.0%	84	13.7%	82.1%	53	22.9%	88.7%

TSLA Tesla

Single-Name Leadership

76.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.0 to 35.9		105	3.8%	54.3%	83	13.1%	67.5%	62	19.7%	71.0%
Q2 low	36.0 to 44.3		103	2.3%	54.4%	96	7.3%	60.4%	74	7.4%	56.8%
Q3 middle	44.6 to 53.1		101	0.8%	54.5%	95	5.7%	63.2%	81	5.4%	53.1%
Q4 high	53.2 to 62.8		101	1.1%	57.4%	97	4.3%	67.0%	94	13.3%	64.9%
Q5 highest	62.9 to 89.1	Current	102	-1.1%	49.0%	101	12.6%	65.3%	101	34.8%	64.4%

Protection Demand

Measures how much downside hedge demand is showing up in options.

Exact calculation

Average of Put/Call Volume Ratio Percentile, Put/Call Open-Interest Ratio Percentile, Put Volume/OI Percentile, and Average IV Percentile.

High reading means

More traders are paying for downside protection or carrying defensive option exposure.

Caveat

Can mean near-term risk, or a future contrarian setup if later returns historically improved from similar readings.

Index / Market

SPY S&P 500

Index / Market

52.3 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.8 to 37.7		105	1.0%	62.9%	99	2.8%	63.6%	99	8.4%	86.9%
Q2 low	37.9 to 45.9		102	1.6%	70.6%	94	4.7%	74.5%	93	9.1%	90.3%
Q3 middle	46.0 to 55.0	Current	100	2.0%	73.0%	95	4.3%	80.0%	85	8.7%	88.2%
Q4 high	55.0 to 63.3		102	1.9%	71.6%	88	5.0%	90.9%	71	6.3%	71.8%
Q5 highest	63.4 to 77.5		103	1.8%	73.8%	96	6.0%	94.8%	64	7.5%	79.7%

QQQ Nasdaq 100

Index / Market

61.4 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.6 to 38.7		106	1.8%	70.8%	105	7.2%	66.7%	104	13.0%	96.2%
Q2 low	38.8 to 46.9		105	1.9%	77.1%	102	6.1%	72.5%	94	9.5%	89.4%
Q3 middle	46.9 to 54.7		103	1.5%	56.3%	90	6.0%	71.1%	80	8.9%	86.2%
Q4 high	54.7 to 61.6	Current	98	0.6%	59.2%	85	7.2%	77.6%	66	9.2%	81.8%
Q5 highest	61.6 to 84.8		100	2.2%	75.0%	90	5.0%	83.3%	68	3.7%	72.1%

IWM Russell 2000

Index / Market

73.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.2 to 30.2		106	1.6%	67.0%	106	5.3%	73.6%	106	3.6%	58.5%
Q2 low	30.3 to 43.0		106	2.0%	72.6%	104	2.7%	68.3%	104	8.6%	61.5%
Q3 middle	43.1 to 57.0		104	2.6%	69.2%	97	5.4%	72.2%	92	13.5%	79.3%
Q4 high	57.2 to 69.7		97	1.3%	60.8%	88	6.8%	80.7%	71	13.1%	94.4%
Q5 highest	69.8 to 92.7	Current	99	3.8%	67.7%	77	12.3%	93.5%	39	17.7%	94.9%

DIA Dow Jones

Index / Market

36.1 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.7 to 36.2	Current	96	1.7%	69.8%	90	5.0%	76.7%	90	9.7%	85.6%
Q2 low	36.2 to 45.0		103	1.9%	68.9%	89	3.7%	66.3%	84	5.4%	71.4%
Q3 middle	45.3 to 54.3		102	2.5%	71.6%	88	5.4%	84.1%	78	7.7%	80.8%
Q4 high	54.3 to 63.4		104	1.9%	71.2%	101	4.7%	81.2%	83	5.8%	83.1%
Q5 highest	63.5 to 89.6		107	2.5%	86.0%	104	4.9%	76.0%	77	7.4%	94.8%

RSP Equal-Weight S&P 500

Index / Market

60.5 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.6 to 33.5		102	1.6%	71.6%	100	2.0%	73.0%	96	7.6%	88.5%
Q2 low	33.6 to 44.5		102	1.8%	72.5%	98	2.7%	75.5%	90	6.4%	84.4%
Q3 middle	44.6 to 54.5		101	2.2%	75.2%	92	2.8%	78.3%	78	6.8%	84.6%
Q4 high	54.6 to 65.3	Current	100	2.0%	74.0%	89	4.8%	80.9%	69	6.4%	84.1%
Q5 highest	65.4 to 95.1		107	1.7%	61.7%	93	4.4%	77.4%	79	6.4%	75.9%

VTI Total Market

Index / Market

31.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	9.9 to 34.3	Current	105	1.4%	74.3%	104	4.5%	89.4%	97	9.2%	93.8%
Q2 low	34.4 to 45.3		98	1.7%	72.4%	92	4.6%	83.7%	85	9.2%	87.1%
Q3 middle	45.4 to 54.4		98	1.8%	70.4%	87	4.4%	79.3%	78	7.9%	76.9%
Q4 high	54.4 to 65.5		104	1.2%	61.5%	96	5.2%	74.0%	79	7.3%	81.0%
Q5 highest	65.6 to 95.9		107	2.8%	72.9%	93	6.1%	75.3%	73	5.2%	69.9%

Sector / Industry

XLK Technology

Sector / Industry

72.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.9 to 35.7		106	0.4%	54.7%	104	3.5%	59.6%	100	8.3%	72.0%
Q2 low	35.8 to 45.4		103	1.1%	58.3%	98	5.4%	64.3%	88	8.2%	77.3%
Q3 middle	45.6 to 53.8		104	2.5%	69.2%	97	7.6%	71.1%	82	8.2%	85.4%
Q4 high	53.9 to 64.3		101	1.3%	59.4%	89	9.1%	76.4%	78	14.5%	85.9%
Q5 highest	64.3 to 97.1	Current	98	2.5%	69.4%	84	8.5%	76.2%	64	12.5%	89.1%

XLY Consumer Discretionary

Sector / Industry

62.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.2 to 33.5		99	1.7%	71.7%	93	2.5%	63.4%	88	1.3%	62.5%
Q2 low	33.6 to 44.1		105	1.7%	61.0%	93	5.1%	75.3%	89	3.6%	61.8%
Q3 middle	44.4 to 53.6		103	1.5%	63.1%	99	4.7%	74.7%	90	1.2%	53.3%
Q4 high	54.0 to 64.7	Current	101	0.9%	57.4%	92	4.1%	73.9%	75	5.8%	61.3%
Q5 highest	65.2 to 95.1		104	0.5%	54.8%	95	4.7%	69.5%	70	6.3%	62.9%

XLC Communication Services

Sector / Industry

45.5 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.0 to 36.6		105	1.0%	61.0%	102	2.5%	72.5%	99	3.4%	69.7%
Q2 low	36.6 to 45.5	Current	99	1.1%	60.6%	83	5.8%	77.1%	70	10.3%	85.7%
Q3 middle	45.6 to 54.3		103	1.4%	61.2%	93	3.4%	71.0%	82	8.5%	86.6%
Q4 high	54.4 to 64.2		102	1.7%	60.8%	98	4.0%	75.5%	81	9.5%	87.7%
Q5 highest	64.3 to 91.1		102	1.1%	58.8%	95	1.3%	58.9%	79	10.4%	94.9%

XLF Financials

Sector / Industry

30.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.5 to 34.2	Current	98	0.3%	55.1%	84	2.3%	60.7%	79	4.2%	87.3%
Q2 low	34.4 to 45.4		98	1.1%	59.2%	86	3.3%	66.3%	79	4.4%	74.7%
Q3 middle	45.5 to 55.9		105	0.9%	60.0%	98	1.9%	67.3%	90	3.6%	66.7%
Q4 high	55.9 to 66.3		104	2.2%	64.4%	98	4.1%	75.5%	84	5.3%	81.0%
Q5 highest	66.4 to 87.5		107	2.8%	70.1%	106	5.0%	86.8%	80	4.3%	68.8%

XLI Industrials

Sector / Industry

48.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.4 to 34.3		106	1.8%	67.9%	106	4.0%	72.6%	104	9.6%	89.4%
Q2 low	34.4 to 44.5		105	1.2%	68.6%	103	3.8%	72.8%	102	8.5%	86.3%
Q3 middle	44.5 to 54.2	Current	99	2.1%	67.7%	89	4.7%	82.0%	82	9.6%	86.6%
Q4 high	54.3 to 65.2		102	1.3%	65.7%	96	4.9%	80.2%	77	12.1%	92.2%
Q5 highest	65.3 to 93.4		99	3.6%	71.7%	77	8.2%	88.3%	46	15.1%	97.8%

XLE Energy

Sector / Industry

52.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	9.4 to 36.0		97	0.8%	53.6%	89	-0.5%	47.2%	77	-4.5%	26.0%
Q2 low	36.0 to 44.8		100	-0.2%	49.0%	83	2.2%	65.1%	69	4.0%	72.5%
Q3 middle	45.0 to 55.9	Current	103	1.8%	66.0%	98	3.8%	70.4%	84	8.8%	79.8%
Q4 high	56.0 to 66.2		105	1.8%	63.8%	99	2.7%	64.6%	85	11.5%	84.7%
Q5 highest	66.2 to 89.4		107	1.0%	56.1%	103	4.9%	72.8%	97	10.2%	89.7%

XLB Materials

Sector / Industry

53.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.5 to 34.0		101	-0.2%	46.5%	88	-0.1%	50.0%	87	3.3%	64.4%
Q2 low	34.1 to 44.8		98	0.6%	58.2%	90	2.6%	60.0%	85	3.2%	70.6%
Q3 middle	44.9 to 54.6	Current	103	1.3%	55.3%	99	2.7%	60.6%	85	6.6%	78.8%
Q4 high	54.8 to 65.0		105	1.7%	58.1%	98	2.2%	58.2%	89	2.8%	61.8%
Q5 highest	65.1 to 95.4		105	2.4%	62.9%	97	3.1%	66.0%	66	3.5%	75.8%

XLU Utilities

Sector / Industry

44.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.5 to 35.7		97	3.1%	75.3%	96	5.1%	80.2%	78	7.9%	100.0%
Q2 low	35.8 to 44.3	Current	100	0.8%	65.0%	86	4.7%	74.4%	70	7.9%	94.3%
Q3 middle	44.4 to 52.6		102	2.0%	66.7%	94	5.5%	76.6%	83	7.6%	97.6%
Q4 high	52.6 to 64.3		105	0.5%	52.4%	100	2.8%	69.0%	90	6.6%	94.4%
Q5 highest	64.6 to 94.6		107	0.1%	50.5%	95	2.2%	61.1%	90	4.1%	77.8%

XLRE Real Estate

Sector / Industry

27.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.6 to 33.3	Current	93	0.8%	61.3%	65	1.2%	64.6%	43	1.3%	60.5%
Q2 low	33.4 to 44.7		103	0.5%	57.3%	95	1.1%	61.1%	74	1.6%	62.2%
Q3 middle	44.8 to 54.9		104	0.3%	55.8%	102	0.9%	59.8%	91	2.1%	67.0%
Q4 high	54.9 to 66.0		105	1.2%	65.7%	103	2.0%	70.9%	98	2.2%	70.4%
Q5 highest	66.3 to 94.3		107	2.2%	67.3%	107	1.4%	57.9%	106	2.5%	64.2%

XLV Health Care

Sector / Industry

56.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.0 to 34.5		104	3.4%	80.8%	90	5.6%	75.6%	89	-0.2%	44.9%
Q2 low	34.5 to 44.5		95	0.8%	56.8%	88	-0.6%	48.9%	76	-1.0%	48.7%
Q3 middle	44.5 to 55.2		103	0.3%	54.4%	92	-2.7%	41.3%	73	-1.9%	43.8%
Q4 high	55.2 to 67.0	Current	103	-0.2%	46.6%	100	0.9%	57.0%	84	-3.2%	35.7%
Q5 highest	67.1 to 88.9		107	-0.6%	43.0%	102	0.7%	53.9%	90	-1.3%	47.8%

XLP Consumer Staples

Sector / Industry

64.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.2 to 33.5		106	0.4%	56.6%	106	1.5%	65.1%	106	2.3%	77.4%
Q2 low	33.5 to 45.2		104	0.1%	53.8%	98	0.6%	56.1%	98	2.8%	72.4%
Q3 middle	45.3 to 54.3		97	1.3%	66.0%	81	1.2%	67.9%	77	2.3%	71.4%
Q4 high	54.4 to 67.0	Current	100	0.3%	52.0%	89	0.4%	56.2%	77	2.5%	70.1%
Q5 highest	67.2 to 95.3		105	0.7%	57.1%	98	0.1%	51.0%	54	1.8%	59.3%

SMH Semiconductors

Sector / Industry

94.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	9.5 to 31.5		106	0.2%	52.8%	106	2.2%	54.7%	106	4.8%	64.2%
Q2 low	31.8 to 42.6		106	3.9%	68.9%	106	11.7%	75.5%	106	32.7%	85.8%
Q3 middle	42.6 to 53.5		107	3.0%	70.1%	106	10.7%	79.2%	98	26.7%	82.7%
Q4 high	53.7 to 69.8		103	2.8%	71.8%	95	16.4%	83.2%	76	34.1%	81.6%
Q5 highest	70.0 to 95.3	Current	90	4.4%	66.7%	59	26.6%	94.9%	26	33.8%	92.3%

XHB Homebuilders

Sector / Industry

31.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.2 to 34.4	Current	103	1.6%	54.4%	79	-1.8%	40.5%	50	0.9%	54.0%
Q2 low	34.4 to 44.2		104	0.3%	52.9%	92	1.7%	54.3%	78	3.1%	62.8%
Q3 middle	44.3 to 54.8		99	1.0%	54.5%	98	3.0%	55.1%	86	-0.3%	48.8%
Q4 high	54.9 to 66.8		102	-0.2%	48.0%	99	-3.8%	41.4%	95	-2.5%	40.0%
Q5 highest	66.9 to 94.4		104	1.8%	58.7%	104	-4.3%	44.2%	103	-4.4%	38.8%

KRE Regional Banks

Sector / Industry

53.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.0 to 35.4		104	3.3%	59.6%	100	2.0%	68.0%	94	9.2%	79.8%
Q2 low	35.5 to 45.5		104	-0.1%	50.0%	97	2.5%	56.7%	92	6.4%	71.7%
Q3 middle	45.6 to 54.9	Current	103	2.4%	62.1%	90	5.4%	67.8%	77	8.3%	75.3%
Q4 high	54.9 to 64.6		98	2.7%	63.3%	87	4.6%	66.7%	74	9.6%	81.1%
Q5 highest	64.7 to 92.3		103	3.8%	67.0%	98	8.9%	83.7%	75	12.0%	88.0%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

18.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 35.3	Current	98	-0.5%	41.8%	85	-1.5%	31.8%	66	-2.1%	34.8%
Q2 low	35.4 to 44.7		103	0.4%	51.5%	91	0.3%	52.7%	73	0.0%	50.7%
Q3 middle	44.7 to 54.0		102	-0.1%	49.0%	96	-0.7%	41.7%	84	-1.0%	41.7%
Q4 high	54.3 to 65.0		103	0.5%	54.4%	98	-0.0%	50.0%	91	-0.2%	48.4%
Q5 highest	65.1 to 90.9		105	0.3%	51.4%	101	-0.3%	47.5%	97	-1.0%	41.2%

IEF Intermediate Treasury

Rates / Credit

41.5 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.7 to 35.9		103	0.6%	65.0%	101	1.8%	80.2%	93	3.0%	82.8%
Q2 low	36.0 to 45.0	Current	101	0.5%	62.4%	96	0.7%	63.5%	83	1.9%	75.9%
Q3 middle	45.1 to 54.2		104	0.3%	60.6%	95	0.8%	65.3%	80	2.1%	67.5%
Q4 high	54.4 to 64.1		100	0.2%	56.0%	94	0.5%	59.6%	83	1.4%	60.2%
Q5 highest	64.4 to 90.4		104	0.2%	61.5%	86	0.2%	57.0%	73	0.4%	58.9%

HYG High Yield Credit

Rates / Credit

27.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.8 to 36.1	Current	94	0.5%	72.3%	73	1.2%	83.6%	68	2.4%	97.1%
Q2 low	36.1 to 45.7		101	0.5%	73.3%	92	1.7%	92.4%	86	3.0%	98.8%
Q3 middle	45.8 to 54.3		103	0.7%	77.7%	97	1.7%	90.7%	83	3.5%	97.6%
Q4 high	54.5 to 64.0		106	0.7%	77.4%	103	1.7%	94.2%	88	3.5%	96.6%
Q5 highest	64.0 to 92.7		107	0.9%	78.5%	106	2.0%	95.3%	86	3.9%	98.8%

LQD Investment Grade Credit

Rates / Credit

50.1 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.2 to 34.4		97	0.0%	50.5%	77	0.1%	51.9%	68	0.4%	55.9%
Q2 low	34.4 to 45.3		105	0.6%	64.8%	97	0.2%	53.6%	83	0.5%	61.4%
Q3 middle	45.3 to 54.6	Current	101	0.5%	68.3%	94	0.7%	68.1%	80	1.3%	68.8%
Q4 high	54.6 to 64.9		104	0.7%	72.1%	99	0.5%	63.6%	85	1.1%	69.4%
Q5 highest	65.1 to 95.2		105	0.8%	75.2%	105	2.6%	82.9%	96	4.5%	91.7%

Commodity / Currency

GLD Gold

Commodity / Currency

45.3 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.7 to 36.7		106	3.2%	79.2%	103	13.3%	90.3%	94	16.7%	97.9%
Q2 low	36.8 to 44.8		102	1.8%	61.8%	90	9.7%	80.0%	78	21.3%	87.2%
Q3 middle	44.8 to 53.4	Current	105	2.5%	66.7%	98	7.1%	74.5%	79	16.5%	86.1%
Q4 high	53.5 to 64.5		102	3.0%	63.7%	92	7.6%	73.9%	78	19.0%	93.6%
Q5 highest	64.5 to 88.1		97	3.0%	70.1%	89	7.7%	85.4%	83	20.4%	98.8%

SLV Silver

Commodity / Currency

58.1 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.3 to 30.2		106	4.6%	79.2%	106	12.5%	88.7%	106	21.7%	92.5%
Q2 low	30.2 to 39.6		106	2.1%	68.9%	106	7.4%	82.1%	106	20.1%	91.5%
Q3 middle	39.6 to 52.5		106	1.5%	59.4%	99	11.3%	83.8%	99	22.9%	87.9%
Q4 high	52.7 to 72.0	Current	98	3.8%	63.3%	72	16.4%	75.0%	60	30.7%	98.3%
Q5 highest	72.1 to 99.7		96	-0.5%	46.9%	89	-8.7%	25.8%	41	-15.6%	43.9%

USO Oil

Commodity / Currency

56.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	8.1 to 32.8		106	-1.1%	41.5%	106	-0.2%	49.1%	102	-1.3%	43.1%
Q2 low	32.8 to 43.4		106	-0.8%	47.2%	106	1.5%	57.5%	104	3.4%	59.6%
Q3 middle	43.4 to 55.9		101	1.0%	54.5%	100	4.0%	59.0%	91	3.4%	61.5%
Q4 high	56.0 to 67.8	Current	96	-2.0%	39.6%	87	-3.2%	40.2%	83	3.7%	57.8%
Q5 highest	67.8 to 89.8		103	3.2%	61.2%	73	2.7%	56.2%	32	5.7%	65.6%

UUP Dollar

Commodity / Currency

11.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.9 to 33.1	Current	95	1.0%	61.1%	67	1.4%	77.6%	36	1.8%	83.3%
Q2 low	33.1 to 45.4		104	-0.2%	43.3%	97	0.4%	54.6%	78	1.7%	70.5%
Q3 middle	45.5 to 55.9		103	0.0%	46.6%	100	0.4%	56.0%	93	2.2%	74.2%
Q4 high	56.0 to 66.8		104	0.0%	50.0%	102	0.9%	65.7%	100	3.0%	71.0%
Q5 highest	66.9 to 90.5		106	0.6%	58.5%	106	2.3%	72.6%	105	2.2%	61.0%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

66.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	8.1 to 32.1		106	3.3%	71.7%	97	5.9%	71.1%	86	9.0%	83.7%
Q2 low	32.1 to 44.3		106	1.9%	62.3%	94	7.3%	71.3%	80	10.3%	86.2%
Q3 middle	44.5 to 54.4		103	2.3%	63.1%	95	6.8%	76.8%	75	2.5%	57.3%
Q4 high	54.6 to 67.1	Current	96	1.7%	65.6%	92	2.8%	67.4%	78	1.2%	52.6%
Q5 highest	67.4 to 95.3		100	0.3%	51.0%	93	-0.8%	49.5%	92	9.9%	59.8%

MSFT Microsoft

Single-Name Leadership

51.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.8 to 37.7		101	-1.5%	35.6%	90	-3.7%	36.7%	90	-11.0%	31.1%
Q2 low	37.8 to 46.1		100	-1.7%	36.0%	88	-4.2%	38.6%	83	-5.2%	41.0%
Q3 middle	46.2 to 53.2	Current	101	-0.2%	48.5%	92	0.0%	50.0%	81	0.3%	54.3%
Q4 high	53.3 to 63.2		104	-0.9%	45.2%	98	1.7%	60.2%	82	-2.2%	39.0%
Q5 highest	63.4 to 84.0		106	2.3%	56.6%	104	2.4%	64.4%	76	1.6%	55.3%

NVDA Nvidia

Single-Name Leadership

39.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.3 to 37.7		96	1.4%	55.2%	73	3.7%	65.8%	61	12.1%	93.4%
Q2 low	37.8 to 45.8	Current	103	1.9%	54.4%	97	3.2%	67.0%	85	8.8%	82.4%
Q3 middle	45.8 to 53.4		102	1.6%	52.9%	97	6.5%	71.1%	79	8.4%	77.2%
Q4 high	53.5 to 62.3		104	1.1%	57.7%	101	6.4%	64.4%	90	9.3%	70.0%
Q5 highest	62.4 to 94.7		107	2.8%	65.4%	104	13.9%	64.4%	97	13.4%	88.7%

AMZN Amazon

Single-Name Leadership

61.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.2 to 36.9		105	-1.0%	46.7%	89	-1.0%	46.1%	89	2.3%	57.3%
Q2 low	36.9 to 45.1		102	0.5%	52.9%	96	3.1%	60.4%	87	5.6%	66.7%
Q3 middle	45.2 to 53.3		101	2.1%	62.4%	91	4.2%	57.1%	80	6.0%	71.2%
Q4 high	53.4 to 62.6	Current	99	2.1%	59.6%	95	6.9%	68.4%	77	6.3%	66.2%
Q5 highest	62.6 to 88.3		104	5.4%	71.2%	100	14.7%	78.0%	78	18.3%	85.9%

META Meta

Single-Name Leadership

44.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.5 to 37.3		100	0.3%	52.0%	86	1.1%	57.0%	86	-7.1%	26.7%
Q2 low	37.3 to 45.2	Current	102	-0.5%	48.0%	93	2.8%	55.9%	85	-4.2%	40.0%
Q3 middle	45.2 to 53.2		101	0.6%	50.5%	95	3.1%	54.7%	84	10.2%	64.3%
Q4 high	53.3 to 64.2		103	1.0%	52.4%	96	3.4%	59.4%	75	6.2%	65.3%
Q5 highest	64.4 to 87.8		106	3.9%	59.4%	102	5.9%	62.7%	82	17.8%	81.7%

GOOGL Alphabet

Single-Name Leadership

57.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.7 to 35.2		106	5.7%	73.6%	106	18.4%	67.9%	106	49.0%	82.1%
Q2 low	35.2 to 44.4		101	0.5%	51.5%	95	8.1%	65.3%	94	14.2%	69.1%
Q3 middle	44.5 to 55.5		100	3.3%	65.0%	91	11.4%	65.9%	86	12.2%	68.6%
Q4 high	55.5 to 64.1	Current	102	2.8%	58.8%	85	12.1%	75.3%	69	23.5%	87.0%
Q5 highest	64.3 to 90.0		103	0.5%	50.5%	95	15.1%	81.1%	57	16.5%	84.2%

TSLA Tesla

Single-Name Leadership

72.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.6 to 36.2		102	0.7%	52.9%	80	11.3%	57.5%	71	5.4%	53.5%
Q2 low	36.3 to 44.1		104	0.4%	51.0%	97	3.2%	60.8%	73	2.3%	52.1%
Q3 middle	44.3 to 52.7		103	2.2%	54.4%	100	4.0%	60.0%	79	14.4%	64.6%
Q4 high	52.7 to 63.5		99	0.2%	52.5%	92	4.6%	64.1%	86	8.3%	53.5%
Q5 highest	63.7 to 95.7	Current	104	1.7%	58.7%	103	22.8%	78.6%	103	44.5%	79.6%

IV Pressure Composite

Measures whether options are expensive versus the asset's own history.

Exact calculation

Average of Average IV Percentile and ATM IV Proxy Percentile.

High reading means

The market is charging more for expected movement in that asset.

Caveat

High IV is not automatically bearish; it can also mean event premium or attractive hedge-selling conditions.

Index / Market

SPY S&P 500

Index / Market

48.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.0 to 26.6		106	0.7%	57.5%	105	2.6%	64.8%	105	6.2%	83.8%
Q2 low	27.1 to 44.1		98	1.3%	71.4%	90	3.6%	73.3%	88	9.0%	90.9%
Q3 middle	44.2 to 56.0	Current	102	1.5%	74.5%	91	3.7%	79.1%	82	7.4%	76.8%
Q4 high	56.3 to 73.4		102	1.6%	66.7%	83	6.4%	89.2%	63	10.4%	88.9%
Q5 highest	73.6 to 99.9		104	4.1%	81.7%	103	10.1%	97.1%	74	15.8%	81.1%

QQQ Nasdaq 100

Index / Market

89.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 26.0		106	1.3%	66.0%	106	2.6%	56.6%	106	6.9%	90.6%
Q2 low	26.0 to 40.0		106	1.5%	67.0%	105	2.6%	63.8%	100	7.4%	81.0%
Q3 middle	40.1 to 56.4		107	0.7%	57.9%	99	6.2%	77.8%	80	9.0%	83.8%
Q4 high	56.9 to 76.3		106	2.0%	67.0%	93	9.0%	86.0%	73	11.4%	82.2%
Q5 highest	76.5 to 99.9	Current	87	5.1%	83.9%	69	16.3%	94.2%	53	22.7%	98.1%

IWM Russell 2000

Index / Market

37.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 24.6		95	1.0%	63.2%	93	2.7%	67.7%	90	11.4%	72.2%
Q2 low	24.9 to 43.5	Current	103	1.6%	68.9%	88	5.3%	71.6%	78	11.1%	74.4%
Q3 middle	43.8 to 57.9		104	1.6%	61.5%	99	5.1%	71.7%	87	5.8%	67.8%
Q4 high	58.1 to 74.2		106	2.8%	68.9%	93	6.8%	78.5%	85	6.7%	68.2%
Q5 highest	74.2 to 100.0		104	5.0%	75.0%	99	12.3%	92.9%	72	20.3%	87.5%

DIA Dow Jones

Index / Market

38.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.7 to 27.6		102	1.1%	58.8%	101	3.3%	65.3%	99	7.0%	80.8%
Q2 low	27.6 to 42.6	Current	97	1.2%	69.1%	92	4.3%	76.1%	85	5.4%	78.8%
Q3 middle	42.8 to 55.9		105	1.6%	77.1%	91	2.3%	68.1%	80	5.4%	78.8%
Q4 high	56.0 to 72.9		105	2.8%	81.9%	88	5.4%	85.2%	70	6.7%	84.3%
Q5 highest	73.1 to 99.9		103	4.0%	80.6%	100	8.3%	90.0%	78	12.4%	93.6%

RSP Equal-Weight S&P 500

Index / Market

51.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.9 to 29.8		106	1.1%	61.3%	105	2.2%	61.9%	104	5.9%	78.8%
Q2 low	30.2 to 43.3		102	1.3%	68.6%	101	2.1%	74.3%	96	6.8%	87.5%
Q3 middle	43.4 to 55.1	Current	103	2.2%	76.7%	96	4.0%	82.3%	91	7.4%	82.4%
Q4 high	55.2 to 71.9		100	2.0%	71.0%	84	3.3%	77.4%	66	6.5%	80.3%
Q5 highest	72.1 to 99.2		101	3.1%	77.2%	86	6.5%	91.9%	55	8.9%	92.7%

VTI Total Market

Index / Market

50.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 30.5		102	0.8%	62.7%	102	3.7%	84.3%	96	6.9%	82.3%
Q2 low	30.6 to 43.4		97	1.3%	68.0%	94	3.5%	74.5%	84	6.6%	75.0%
Q3 middle	43.4 to 56.2	Current	101	1.6%	71.3%	87	5.4%	77.0%	74	8.2%	83.8%
Q4 high	56.2 to 70.4		105	1.6%	70.5%	90	3.8%	73.3%	75	7.9%	74.7%
Q5 highest	70.5 to 99.2		107	4.1%	78.5%	99	10.4%	91.9%	83	16.2%	96.4%

Sector / Industry

XLK Technology

Sector / Industry

92.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.9 to 25.6		106	2.6%	69.8%	106	5.2%	63.2%	106	7.8%	83.0%
Q2 low	25.7 to 42.1		106	-0.3%	45.3%	104	1.7%	58.7%	96	5.1%	68.8%
Q3 middle	42.1 to 55.4		107	0.4%	55.1%	103	3.6%	62.1%	89	10.6%	83.1%
Q4 high	55.5 to 72.5		106	2.2%	67.9%	99	7.6%	76.8%	75	12.8%	84.0%
Q5 highest	72.5 to 99.3	Current	87	4.5%	74.7%	60	23.7%	96.7%	46	26.5%	93.5%

XLY Consumer Discretionary

Sector / Industry

58.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.7 to 27.9		103	1.7%	64.1%	100	3.1%	69.0%	98	1.8%	61.2%
Q2 low	28.1 to 43.1		99	0.8%	57.6%	87	2.2%	62.1%	81	-1.0%	45.7%
Q3 middle	43.2 to 56.3		100	0.4%	54.0%	84	2.3%	63.1%	73	0.8%	54.8%
Q4 high	56.4 to 73.2	Current	103	0.6%	55.3%	96	3.5%	74.0%	81	3.3%	56.8%
Q5 highest	73.5 to 99.7		107	5.0%	75.7%	105	8.6%	85.7%	79	18.3%	82.3%

XLC Communication Services

Sector / Industry

60.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.9 to 29.3		104	0.4%	51.9%	98	0.6%	61.2%	80	1.6%	62.5%
Q2 low	29.5 to 43.5		101	1.3%	61.4%	88	3.4%	73.9%	75	7.0%	88.0%
Q3 middle	43.7 to 55.6		101	0.4%	52.5%	88	1.7%	64.8%	75	5.6%	81.3%
Q4 high	55.6 to 71.7	Current	101	1.7%	62.4%	94	4.1%	71.3%	83	10.0%	89.2%
Q5 highest	71.8 to 98.3		104	4.3%	74.0%	103	8.9%	82.5%	98	14.1%	96.9%

XLF Financials

Sector / Industry

33.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.6 to 28.7		102	0.2%	52.0%	97	-1.2%	39.2%	88	2.7%	69.3%
Q2 low	29.1 to 45.3	Current	103	0.4%	54.4%	86	1.8%	67.4%	79	2.7%	67.1%
Q3 middle	45.3 to 56.9		101	1.0%	55.4%	92	3.1%	68.5%	80	4.2%	75.0%
Q4 high	57.0 to 71.2		102	2.1%	65.7%	93	4.1%	87.1%	83	6.2%	81.9%
Q5 highest	71.5 to 99.2		104	4.7%	81.7%	104	8.3%	96.2%	82	9.0%	84.1%

XLI Industrials

Sector / Industry

61.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 26.6		106	0.8%	60.4%	106	2.6%	73.6%	102	11.3%	95.1%
Q2 low	26.6 to 41.6		106	1.3%	65.1%	106	4.9%	78.3%	106	8.4%	90.6%
Q3 middle	41.7 to 55.7		105	2.0%	66.7%	103	4.6%	69.9%	91	9.7%	82.4%
Q4 high	55.7 to 76.0	Current	99	1.6%	71.7%	92	5.8%	85.9%	78	10.5%	87.2%
Q5 highest	76.1 to 100.0		95	4.3%	78.9%	64	10.9%	90.6%	34	16.0%	94.1%

XLE Energy

Sector / Industry

70.1 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 26.1		106	-0.1%	49.1%	106	-0.3%	48.1%	105	2.6%	59.0%
Q2 low	26.1 to 41.0		106	0.2%	52.8%	106	2.4%	64.2%	105	4.0%	62.9%
Q3 middle	41.0 to 58.6		105	2.3%	61.9%	103	3.1%	68.0%	100	7.8%	74.0%
Q4 high	58.6 to 73.9	Current	94	3.8%	73.4%	76	5.6%	77.6%	59	4.9%	86.4%
Q5 highest	74.2 to 99.8		101	0.9%	53.5%	81	4.4%	69.1%	43	9.5%	100.0%

XLB Materials

Sector / Industry

77.2 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 25.5		106	0.5%	55.7%	106	1.3%	56.6%	106	-0.7%	47.2%
Q2 low	25.6 to 39.8		105	-0.4%	46.7%	105	-1.4%	41.0%	105	1.3%	59.0%
Q3 middle	39.9 to 58.6		105	0.8%	53.3%	104	2.4%	62.5%	101	7.5%	82.2%
Q4 high	59.2 to 77.0		99	2.5%	65.7%	91	4.7%	73.6%	76	7.6%	90.8%
Q5 highest	77.2 to 98.4	Current	97	1.3%	60.8%	66	3.7%	66.7%	24	10.3%	100.0%

XLU Utilities

Sector / Industry

76.0 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.7 to 31.5		106	1.4%	67.9%	104	5.2%	82.7%	97	6.8%	92.8%
Q2 low	31.5 to 44.2		103	1.4%	61.2%	98	4.9%	74.5%	85	7.2%	94.1%
Q3 middle	44.3 to 55.0		100	2.0%	67.0%	92	5.0%	76.1%	86	7.6%	91.9%
Q4 high	55.1 to 67.3		102	1.3%	59.8%	87	3.8%	70.1%	78	7.4%	96.2%
Q5 highest	67.4 to 100.0	Current	100	0.4%	52.0%	90	0.5%	55.6%	65	7.0%	86.2%

XLRE Real Estate

Sector / Industry

9.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.3 to 29.2	Current	95	0.8%	58.9%	77	0.0%	50.6%	65	2.1%	58.5%
Q2 low	29.7 to 44.5		103	-0.1%	48.5%	95	0.5%	52.6%	81	0.7%	55.6%
Q3 middle	44.6 to 55.0		101	0.4%	56.4%	98	0.9%	63.3%	87	1.6%	59.8%
Q4 high	55.1 to 69.7		106	1.2%	68.9%	99	2.0%	70.7%	92	2.1%	72.8%
Q5 highest	70.1 to 99.5		107	2.3%	73.8%	103	3.7%	72.8%	87	3.4%	78.2%

XLV Health Care

Sector / Industry

79.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.3 to 27.6		106	0.8%	57.5%	106	-4.3%	38.7%	102	-4.3%	23.5%
Q2 low	27.8 to 42.6		105	0.7%	55.2%	103	1.8%	59.2%	98	-2.2%	40.8%
Q3 middle	42.6 to 57.4		104	0.1%	51.0%	93	-1.4%	44.1%	79	-2.3%	39.2%
Q4 high	57.5 to 72.2		99	0.7%	56.6%	87	2.1%	64.4%	75	2.6%	56.0%
Q5 highest	72.3 to 99.3	Current	98	1.1%	61.2%	83	3.6%	74.7%	58	6.2%	77.6%

XLP Consumer Staples

Sector / Industry

81.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.1 to 26.5		106	1.1%	60.4%	106	0.5%	52.8%	104	3.9%	75.0%
Q2 low	26.6 to 43.3		106	0.8%	52.8%	103	0.0%	50.5%	94	2.1%	73.4%
Q3 middle	43.4 to 56.2		106	-0.1%	49.1%	100	0.7%	60.0%	94	2.4%	71.3%
Q4 high	56.2 to 72.5		96	0.6%	61.5%	84	0.6%	58.3%	74	1.9%	66.2%
Q5 highest	72.5 to 99.8	Current	98	1.0%	62.2%	79	1.7%	78.5%	46	2.0%	67.4%

SMH Semiconductors

Sector / Industry

96.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 25.7		106	3.4%	70.8%	106	7.1%	58.5%	106	22.2%	80.2%
Q2 low	25.8 to 42.5		106	1.3%	61.3%	106	9.5%	70.8%	103	26.6%	74.8%
Q3 middle	42.7 to 56.5		107	1.3%	57.0%	103	11.5%	76.7%	88	28.0%	71.6%
Q4 high	56.6 to 71.9		106	3.3%	68.9%	102	16.6%	84.3%	76	19.2%	82.9%
Q5 highest	71.9 to 98.9	Current	87	6.4%	73.6%	55	33.3%	100.0%	39	63.6%	97.4%

XHB Homebuilders

Sector / Industry

35.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 26.5		106	-1.6%	40.6%	106	-5.1%	35.8%	103	-0.3%	47.6%
Q2 low	26.8 to 41.0	Current	103	-0.5%	47.6%	103	-2.0%	43.7%	97	-0.1%	49.5%
Q3 middle	41.7 to 56.5		102	1.2%	53.9%	95	-0.8%	47.4%	89	-3.7%	36.0%
Q4 high	56.7 to 73.1		100	0.4%	52.0%	90	-1.6%	45.6%	77	-0.5%	48.1%
Q5 highest	73.5 to 99.1		101	4.1%	75.2%	78	6.7%	69.2%	46	7.5%	65.2%

KRE Regional Banks

Sector / Industry

33.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.9 to 27.2		96	2.8%	62.5%	76	-0.3%	48.7%	71	8.9%	84.5%
Q2 low	27.5 to 42.9	Current	100	1.2%	58.0%	87	3.6%	66.7%	75	8.7%	82.7%
Q3 middle	43.0 to 56.3		105	-0.4%	46.7%	101	4.6%	66.3%	86	9.5%	75.6%
Q4 high	56.4 to 73.3		104	3.5%	63.5%	103	6.1%	68.9%	91	7.5%	72.5%
Q5 highest	73.5 to 99.9		107	4.7%	71.0%	105	10.8%	86.7%	89	12.0%	80.9%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

12.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.8 to 20.2	Current	88	-0.7%	31.8%	68	-1.1%	25.0%	42	-1.8%	21.4%
Q2 low	20.4 to 41.4		104	-0.3%	43.3%	86	-0.6%	31.4%	66	-1.9%	21.2%
Q3 middle	41.5 to 60.0		106	0.8%	64.2%	104	-0.1%	49.0%	95	-0.2%	48.4%
Q4 high	60.5 to 78.0		106	0.5%	56.6%	106	1.2%	53.8%	101	-1.6%	40.6%
Q5 highest	78.2 to 99.6		107	-0.0%	49.5%	107	1.3%	56.1%	107	3.9%	64.5%

IEF Intermediate Treasury

Rates / Credit

54.0 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.7 to 25.1		100	-0.1%	48.0%	87	-0.1%	48.3%	52	-0.2%	44.2%
Q2 low	25.1 to 40.0		96	0.4%	67.7%	84	0.8%	72.6%	72	0.6%	63.9%
Q3 middle	40.8 to 58.6	Current	103	0.5%	68.0%	89	1.9%	76.4%	83	2.9%	68.7%
Q4 high	58.6 to 76.1		106	0.7%	67.0%	105	1.8%	75.2%	101	2.9%	75.2%
Q5 highest	76.2 to 97.1		107	0.2%	55.1%	107	0.4%	55.1%	104	2.7%	81.7%

HYG High Yield Credit

Rates / Credit

52.5 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.1 to 25.4		97	0.4%	74.2%	80	1.2%	87.5%	68	2.4%	98.5%
Q2 low	25.5 to 41.7		102	0.5%	72.5%	88	1.3%	89.8%	68	2.5%	97.1%
Q3 middle	42.0 to 59.0	Current	101	0.5%	66.3%	93	1.6%	91.4%	76	3.5%	98.7%
Q4 high	59.3 to 73.0		104	0.8%	78.8%	103	1.8%	91.3%	94	3.7%	96.8%
Q5 highest	73.0 to 96.2		107	1.2%	86.9%	107	2.8%	97.2%	105	4.5%	98.1%

LQD Investment Grade Credit

Rates / Credit

36.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 21.9		94	0.1%	56.4%	78	-0.3%	38.5%	52	0.2%	63.5%
Q2 low	22.1 to 45.5	Current	99	0.2%	58.6%	75	0.3%	58.7%	55	0.3%	60.0%
Q3 middle	45.8 to 61.7		106	0.7%	68.9%	106	1.3%	74.5%	94	2.7%	70.2%
Q4 high	61.8 to 73.0		106	1.2%	71.7%	106	1.2%	62.3%	105	1.0%	64.8%
Q5 highest	73.1 to 99.9		107	0.8%	74.8%	107	1.9%	81.3%	106	4.3%	85.8%

Commodity / Currency

GLD Gold

Commodity / Currency

76.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.9 to 24.8		106	5.0%	91.5%	106	14.4%	98.1%	106	21.6%	100.0%
Q2 low	24.9 to 38.3		106	2.7%	77.4%	106	11.4%	92.5%	106	20.3%	100.0%
Q3 middle	38.7 to 54.3		107	3.6%	79.4%	107	9.5%	95.3%	107	17.0%	99.1%
Q4 high	54.4 to 80.4	Current	100	2.4%	62.0%	83	4.9%	85.5%	83	15.7%	74.7%
Q5 highest	80.5 to 99.5		93	-3.0%	25.8%	70	-11.7%	10.0%	10	-9.9%	30.0%

SLV Silver

Commodity / Currency

75.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.1 to 22.3		106	7.5%	84.0%	106	21.3%	99.1%	106	80.4%	100.0%
Q2 low	22.4 to 39.6		106	1.9%	67.9%	106	11.0%	93.4%	106	24.0%	99.1%
Q3 middle	39.7 to 57.6		107	2.8%	63.6%	107	7.6%	83.2%	107	9.5%	83.2%
Q4 high	57.6 to 78.6	Current	94	2.8%	62.8%	71	5.8%	57.7%	71	8.0%	81.7%
Q5 highest	78.8 to 99.5		99	-3.1%	39.4%	82	-13.3%	8.5%	22	-29.2%	4.5%

USO Oil

Commodity / Currency

85.2 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.8 to 22.9		106	-3.2%	30.2%	106	-5.9%	20.8%	106	-2.1%	35.8%
Q2 low	22.9 to 38.0		106	-0.7%	42.5%	106	-1.4%	43.4%	106	6.0%	68.9%
Q3 middle	38.0 to 58.3		107	0.7%	55.1%	107	2.0%	59.8%	107	3.9%	63.6%
Q4 high	58.3 to 79.8		96	2.2%	58.3%	95	10.2%	83.2%	83	2.6%	57.8%
Q5 highest	79.9 to 99.8	Current	97	5.4%	59.8%	58	7.0%	63.8%	10	-7.5%	40.0%

UUP Dollar

Commodity / Currency

48.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.4 to 28.9		96	0.8%	56.2%	75	1.6%	76.0%	46	3.7%	76.1%
Q2 low	29.0 to 45.9		104	-0.3%	40.4%	98	0.7%	55.1%	84	1.8%	67.9%
Q3 middle	46.0 to 57.0	Current	102	0.4%	53.9%	95	1.2%	65.3%	88	2.1%	68.2%
Q4 high	57.1 to 69.4		105	0.1%	51.4%	102	1.3%	71.6%	95	2.3%	74.7%
Q5 highest	69.4 to 97.2		105	0.3%	57.1%	102	0.6%	57.8%	99	2.1%	66.7%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

69.0 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.6 to 30.6		106	1.4%	61.3%	92	1.5%	57.6%	89	5.7%	62.9%
Q2 low	30.8 to 44.6		106	2.0%	61.3%	99	4.4%	62.6%	89	4.9%	57.3%
Q3 middle	44.6 to 55.0		104	1.9%	60.6%	98	4.7%	63.3%	83	6.4%	67.5%
Q4 high	55.1 to 68.1		103	2.3%	64.1%	93	7.1%	76.3%	71	8.7%	69.0%
Q5 highest	68.3 to 99.9	Current	92	2.9%	67.4%	89	6.7%	77.5%	79	21.4%	86.1%

MSFT Microsoft

Single-Name Leadership

97.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.7 to 25.2		106	1.5%	57.5%	106	-0.4%	48.1%	106	0.3%	54.7%
Q2 low	25.3 to 40.9		106	-1.3%	37.7%	106	-4.7%	36.8%	106	-3.9%	35.8%
Q3 middle	41.0 to 57.5		107	-0.7%	42.1%	106	0.6%	51.9%	105	-4.4%	39.0%
Q4 high	57.5 to 74.8		106	-1.7%	35.8%	89	0.4%	56.2%	68	-6.1%	36.8%
Q5 highest	75.0 to 99.4	Current	87	0.6%	50.6%	65	2.9%	67.7%	27	33.6%	66.7%

NVDA Nvidia

Single-Name Leadership

25.5 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.5 to 27.3	Current	98	8.5%	71.4%	85	7.9%	81.2%	63	11.8%	87.3%
Q2 low	27.5 to 43.8		100	1.8%	61.0%	90	7.0%	73.3%	75	5.1%	73.3%
Q3 middle	44.2 to 56.7		101	2.2%	62.4%	93	5.1%	66.7%	80	10.8%	83.8%
Q4 high	56.8 to 71.8		106	-0.1%	50.0%	98	4.0%	61.2%	89	19.1%	86.5%
Q5 highest	71.9 to 96.1		107	-2.4%	43.0%	106	1.5%	53.8%	105	10.1%	79.0%

AMZN Amazon

Single-Name Leadership

89.5 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.9 to 27.4		106	2.6%	58.5%	100	5.8%	63.0%	100	0.2%	51.0%
Q2 low	27.4 to 44.8		106	3.1%	62.3%	100	-0.0%	50.0%	98	8.4%	75.5%
Q3 middle	44.8 to 57.6		105	0.1%	50.5%	92	0.2%	51.1%	80	4.5%	65.0%
Q4 high	57.7 to 70.5		104	1.7%	55.8%	93	8.5%	66.7%	65	9.8%	73.8%
Q5 highest	70.5 to 99.5	Current	90	4.7%	66.7%	86	11.8%	83.7%	68	15.5%	86.8%

META Meta

Single-Name Leadership

95.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.7 to 25.2		106	0.3%	51.9%	106	0.3%	50.9%	105	-0.2%	49.5%
Q2 low	25.3 to 44.9		106	0.1%	50.0%	101	2.2%	58.4%	88	2.4%	52.3%
Q3 middle	44.9 to 59.6		107	-1.1%	46.7%	95	1.5%	56.8%	79	-1.3%	46.8%
Q4 high	59.8 to 72.4		105	-1.2%	44.8%	90	3.1%	56.7%	74	5.6%	59.5%
Q5 highest	72.6 to 98.1	Current	88	6.9%	72.7%	80	8.6%	70.0%	66	20.1%	72.7%

GOOGL Alphabet

Single-Name Leadership

69.9 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.5 to 27.3		106	1.7%	57.5%	106	3.3%	57.5%	106	7.5%	71.7%
Q2 low	27.3 to 43.8		106	0.7%	56.6%	101	16.4%	68.3%	95	18.6%	75.8%
Q3 middle	43.9 to 57.0		107	3.3%	64.5%	102	16.4%	67.6%	88	18.2%	72.7%
Q4 high	57.1 to 72.3	Current	105	3.0%	58.1%	90	19.4%	81.1%	69	23.5%	81.2%
Q5 highest	72.7 to 97.7		88	6.6%	63.6%	73	15.8%	86.3%	54	27.0%	94.4%

TSLA Tesla

Single-Name Leadership

61.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 23.9		103	-1.9%	44.7%	81	4.3%	64.2%	35	24.5%	74.3%
Q2 low	23.9 to 41.2		102	5.6%	59.8%	91	10.3%	61.5%	80	10.7%	55.0%
Q3 middle	41.2 to 58.6		96	2.3%	55.2%	90	3.7%	60.0%	87	2.0%	55.2%
Q4 high	58.7 to 74.8	Current	104	1.6%	58.7%	103	9.7%	71.8%	103	10.9%	66.0%
Q5 highest	75.0 to 99.5		107	0.3%	51.4%	107	10.1%	64.5%	107	31.4%	64.5%

Urgent Hedge Demand

Measures whether hedge demand recently looks urgent rather than just structurally high.

Exact calculation

0.40 * Put Volume/OI Percentile + 0.25 * Put/Call Volume Ratio Percentile + 0.20 * Average IV Percentile + 0.15 * Total Volume/OI Percentile.

High reading means

Downside hedging demand is active and near-term price path risk may be rising.

Caveat

Use with Near-Term Path Risk and price trend; urgency can fade quickly.

Index / Market

SPY S&P 500

Index / Market

74.7 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.6 to 31.2		106	0.9%	63.2%	105	3.7%	76.2%	105	6.4%	79.0%
Q2 low	31.3 to 42.5		106	1.8%	80.2%	98	4.1%	79.6%	97	6.9%	75.3%
Q3 middle	42.5 to 56.6		104	1.6%	77.9%	96	3.6%	75.0%	94	8.0%	85.1%
Q4 high	56.6 to 69.4		100	1.7%	69.0%	83	5.1%	80.7%	72	9.9%	94.4%
Q5 highest	69.7 to 98.9	Current	96	2.9%	60.4%	90	9.7%	92.2%	44	15.6%	97.7%

QQQ Nasdaq 100

Index / Market

86.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.7 to 31.1		106	1.6%	67.9%	106	4.5%	60.4%	106	8.7%	87.7%
Q2 low	31.2 to 43.9		106	2.2%	75.5%	104	5.6%	72.1%	104	6.8%	81.7%
Q3 middle	44.1 to 56.2		107	1.5%	69.2%	101	6.2%	73.3%	95	12.1%	87.4%
Q4 high	56.4 to 69.6		105	0.8%	55.2%	88	6.8%	81.8%	70	11.1%	85.7%
Q5 highest	69.6 to 94.5	Current	88	2.5%	71.6%	73	13.5%	87.7%	37	13.8%	94.6%

IWM Russell 2000

Index / Market

70.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.2 to 27.9		106	2.3%	73.6%	105	5.6%	76.2%	105	9.1%	64.8%
Q2 low	28.0 to 43.4		106	2.1%	65.1%	101	4.2%	69.3%	100	6.9%	64.0%
Q3 middle	43.5 to 57.9		101	2.2%	70.3%	94	4.1%	72.3%	87	12.7%	70.1%
Q4 high	58.0 to 71.0	Current	97	1.5%	63.9%	82	6.0%	79.3%	70	13.1%	88.6%
Q5 highest	71.1 to 98.5		102	3.7%	64.7%	90	9.9%	87.8%	50	14.1%	96.0%

DIA Dow Jones

Index / Market

36.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.3 to 29.7		99	2.1%	76.8%	83	5.0%	83.1%	78	9.5%	79.5%
Q2 low	29.9 to 43.3	Current	102	1.8%	68.6%	90	4.8%	76.7%	80	7.6%	73.8%
Q3 middle	43.6 to 57.3		102	1.5%	73.5%	93	5.1%	81.7%	78	6.4%	82.1%
Q4 high	57.4 to 69.4		105	2.6%	76.2%	104	4.3%	75.0%	88	7.2%	87.5%
Q5 highest	69.4 to 96.5		104	2.0%	73.1%	102	4.3%	69.6%	88	6.3%	90.9%

RSP Equal-Weight S&P 500

Index / Market

77.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.0 to 29.5		104	1.5%	66.3%	102	2.2%	74.5%	98	6.2%	82.7%
Q2 low	29.7 to 43.8		102	1.9%	74.5%	95	2.6%	71.6%	88	7.7%	86.4%
Q3 middle	43.9 to 55.0		104	2.1%	76.9%	94	3.3%	80.9%	74	7.2%	81.1%
Q4 high	55.1 to 69.5		97	2.2%	78.4%	85	4.1%	76.5%	71	6.6%	83.1%
Q5 highest	69.5 to 97.6	Current	105	1.3%	59.0%	96	4.5%	81.2%	81	7.2%	85.2%

VTI Total Market

Index / Market

17.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.8 to 30.1	Current	102	1.3%	69.6%	94	3.7%	78.7%	91	8.8%	83.5%
Q2 low	30.2 to 43.3		94	1.9%	70.2%	89	3.8%	77.5%	82	7.5%	79.3%
Q3 middle	43.5 to 55.9		103	1.8%	74.8%	97	3.9%	77.3%	93	8.9%	86.0%
Q4 high	56.1 to 69.6		106	2.2%	72.6%	98	5.7%	79.6%	91	8.2%	82.4%
Q5 highest	69.6 to 98.7		107	1.7%	64.5%	94	7.4%	89.4%	55	10.9%	80.0%

Sector / Industry

XLK Technology

Sector / Industry

68.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.6 to 29.4		105	1.0%	60.0%	100	7.6%	68.0%	85	11.4%	81.2%
Q2 low	30.1 to 43.5		103	2.0%	67.0%	91	7.1%	73.6%	77	6.2%	70.1%
Q3 middle	43.5 to 55.5		102	1.3%	57.8%	89	4.2%	64.0%	75	9.7%	77.3%
Q4 high	55.6 to 69.4	Current	103	2.6%	61.2%	101	6.7%	68.3%	94	10.2%	85.1%
Q5 highest	69.7 to 97.9		99	1.2%	64.6%	91	5.4%	71.4%	81	13.2%	90.1%

XLY Consumer Discretionary

Sector / Industry

44.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.5 to 28.7		98	0.7%	59.2%	81	-0.2%	48.1%	73	-0.8%	43.8%
Q2 low	28.9 to 42.8		104	0.5%	57.7%	95	1.8%	63.2%	84	-0.9%	46.4%
Q3 middle	42.8 to 56.4	Current	101	2.1%	66.3%	94	5.6%	76.6%	82	6.0%	67.1%
Q4 high	56.7 to 71.7		105	1.5%	61.9%	103	5.4%	81.6%	95	9.4%	65.3%
Q5 highest	71.8 to 97.4		104	1.2%	62.5%	99	6.8%	82.8%	78	16.7%	76.9%

XLC Communication Services

Sector / Industry

30.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.3 to 30.3		100	-0.3%	46.0%	75	0.5%	53.3%	57	3.0%	68.4%
Q2 low	30.6 to 42.6	Current	98	1.7%	59.2%	94	2.6%	70.2%	78	7.7%	78.2%
Q3 middle	42.6 to 56.1		102	1.5%	68.6%	96	4.6%	81.2%	91	10.3%	87.9%
Q4 high	56.2 to 70.4		105	1.8%	66.7%	102	5.9%	77.5%	94	9.6%	88.3%
Q5 highest	70.6 to 95.3		106	1.9%	61.3%	104	3.8%	68.3%	91	8.5%	91.2%

XLF Financials

Sector / Industry

27.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.3 to 30.8	Current	102	1.3%	60.8%	91	2.7%	65.9%	85	4.0%	72.9%
Q2 low	31.0 to 43.4		98	1.9%	66.3%	89	3.3%	67.4%	85	3.9%	74.1%
Q3 middle	43.6 to 56.2		103	1.5%	58.3%	93	2.6%	67.7%	81	3.4%	64.2%
Q4 high	56.3 to 69.2		104	1.1%	59.6%	98	3.0%	75.5%	83	5.4%	89.2%
Q5 highest	69.2 to 93.8		105	2.2%	64.8%	101	4.7%	82.2%	78	5.7%	76.9%

XLI Industrials

Sector / Industry

34.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.8 to 30.0		103	2.4%	74.8%	95	3.7%	77.9%	90	10.2%	91.1%
Q2 low	30.0 to 42.4	Current	101	1.0%	66.3%	94	4.7%	76.6%	84	9.3%	84.5%
Q3 middle	42.8 to 57.3		102	1.0%	63.7%	96	3.3%	77.1%	78	9.5%	91.0%
Q4 high	57.5 to 70.7		104	2.3%	67.3%	94	6.5%	78.7%	87	10.9%	89.7%
Q5 highest	70.7 to 92.6		101	2.7%	69.3%	92	7.1%	82.6%	72	13.6%	91.7%

XLE Energy

Sector / Industry

67.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.1 to 29.6		99	0.4%	51.5%	93	1.5%	59.1%	89	1.9%	55.1%
Q2 low	29.6 to 43.1		102	1.6%	59.8%	88	3.5%	63.6%	80	7.9%	66.2%
Q3 middle	43.2 to 55.2		104	1.7%	61.5%	96	3.9%	71.9%	83	6.9%	73.5%
Q4 high	55.2 to 69.7	Current	100	1.3%	58.0%	92	3.2%	69.6%	72	6.1%	83.3%
Q5 highest	70.7 to 95.4		107	1.2%	57.9%	103	2.3%	58.3%	88	5.8%	83.0%

XLB Materials

Sector / Industry

66.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.2 to 28.5		104	0.6%	56.7%	95	1.3%	55.8%	89	3.5%	65.2%
Q2 low	28.7 to 43.0		101	0.8%	57.4%	91	4.0%	64.8%	78	4.6%	71.8%
Q3 middle	43.0 to 58.4		100	1.3%	59.0%	96	1.3%	55.2%	84	3.2%	69.0%
Q4 high	58.4 to 70.2	Current	103	-1.3%	45.6%	99	1.6%	53.5%	87	3.6%	66.7%
Q5 highest	70.2 to 95.0		104	2.1%	62.5%	91	3.0%	67.0%	74	4.4%	78.4%

XLU Utilities

Sector / Industry

40.7 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.8 to 30.2		99	0.9%	64.6%	93	4.9%	76.3%	74	6.9%	98.6%
Q2 low	30.3 to 42.5	Current	98	1.9%	60.2%	84	4.5%	75.0%	72	7.2%	97.2%
Q3 middle	42.6 to 55.8		102	1.5%	64.7%	92	4.5%	73.9%	80	7.4%	93.8%
Q4 high	55.9 to 69.8		105	1.0%	59.0%	100	4.0%	72.0%	88	8.6%	93.2%
Q5 highest	69.8 to 95.6		107	1.5%	59.8%	102	2.4%	64.7%	97	6.2%	82.5%

XLRE Real Estate

Sector / Industry

48.1 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.0 to 29.0		99	0.9%	63.6%	83	0.1%	53.0%	76	0.0%	50.0%
Q2 low	29.4 to 41.2		100	0.4%	58.0%	89	0.8%	62.9%	79	2.0%	65.8%
Q3 middle	41.2 to 54.9	Current	105	0.5%	54.3%	97	1.9%	70.1%	74	2.1%	67.6%
Q4 high	54.9 to 71.9		103	0.9%	64.1%	101	1.6%	67.3%	87	3.6%	77.0%
Q5 highest	72.1 to 98.4		105	2.2%	67.6%	102	1.8%	58.8%	96	3.3%	65.6%

XLV Health Care

Sector / Industry

52.1 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.0 to 28.3		102	0.9%	53.9%	86	0.5%	50.0%	63	0.5%	55.6%
Q2 low	28.4 to 41.9		102	0.8%	58.8%	93	0.9%	54.8%	73	-2.7%	35.6%
Q3 middle	42.0 to 55.6	Current	98	0.8%	61.2%	88	2.1%	54.5%	77	-3.4%	36.4%
Q4 high	55.6 to 71.8		103	0.5%	53.4%	99	-0.7%	49.5%	95	-2.9%	38.9%
Q5 highest	71.8 to 98.9		107	0.4%	54.2%	106	1.7%	66.0%	104	1.9%	53.8%

XLP Consumer Staples

Sector / Industry

63.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.6 to 28.3		106	0.3%	52.8%	100	1.3%	66.0%	99	4.0%	82.8%
Q2 low	28.4 to 42.8		101	1.1%	60.4%	82	1.9%	67.1%	73	3.3%	76.7%
Q3 middle	42.9 to 56.6		98	0.4%	60.2%	89	0.7%	56.2%	73	2.0%	65.8%
Q4 high	56.7 to 71.5	Current	102	1.0%	58.8%	100	0.3%	52.0%	88	1.7%	70.5%
Q5 highest	71.9 to 97.4		105	0.3%	53.3%	101	0.4%	55.4%	79	1.3%	58.2%

SMH Semiconductors

Sector / Industry

95.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.7 to 28.2		106	1.7%	62.3%	106	4.6%	65.1%	106	16.4%	71.7%
Q2 low	28.4 to 42.5		105	4.0%	70.5%	103	11.9%	76.7%	100	27.5%	77.0%
Q3 middle	42.8 to 57.8		104	2.8%	70.2%	100	14.7%	82.0%	90	31.8%	90.0%
Q4 high	58.0 to 72.9		100	1.6%	59.0%	87	14.9%	72.4%	67	18.7%	74.6%
Q5 highest	73.1 to 96.0	Current	97	4.3%	68.0%	76	20.6%	84.2%	49	29.5%	85.7%

XHB Homebuilders

Sector / Industry

16.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.0 to 30.8	Current	102	1.1%	51.0%	87	-1.5%	44.8%	63	2.5%	57.1%
Q2 low	30.8 to 43.2		104	0.2%	51.9%	90	0.3%	50.0%	72	-0.8%	45.8%
Q3 middle	43.5 to 54.5		103	0.9%	54.4%	95	1.4%	53.7%	86	-3.9%	44.2%
Q4 high	54.6 to 69.1		100	1.3%	53.0%	98	-3.2%	40.8%	94	-2.0%	38.3%
Q5 highest	69.2 to 95.2		103	2.1%	58.3%	102	-1.8%	47.1%	97	1.2%	54.6%

KRE Regional Banks

Sector / Industry

40.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.0 to 30.5		100	4.3%	69.0%	86	5.3%	68.6%	80	9.1%	78.8%
Q2 low	30.6 to 42.2	Current	101	3.2%	59.4%	88	5.6%	70.5%	76	8.6%	75.0%
Q3 middle	42.6 to 55.8		102	2.8%	55.9%	97	2.8%	62.9%	86	8.5%	76.7%
Q4 high	56.0 to 69.8		105	0.5%	54.3%	99	3.6%	60.6%	90	7.4%	76.7%
Q5 highest	69.8 to 96.6		104	3.1%	63.5%	102	8.8%	80.4%	80	11.8%	87.5%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

5.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.0 to 29.9	Current	98	-0.3%	46.9%	80	-0.6%	36.2%	58	-2.0%	29.3%
Q2 low	30.0 to 42.0		101	0.4%	52.5%	90	-0.2%	46.7%	77	-0.6%	45.5%
Q3 middle	42.1 to 55.9		102	-0.3%	44.1%	98	-0.2%	48.0%	82	-0.3%	45.1%
Q4 high	56.0 to 69.8		104	0.1%	50.0%	99	-0.5%	42.4%	93	-0.9%	43.0%
Q5 highest	69.9 to 98.8		106	0.6%	54.7%	104	0.0%	50.0%	101	-0.3%	49.5%

IEF Intermediate Treasury

Rates / Credit

31.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.8 to 29.7		103	0.4%	57.3%	94	0.5%	63.8%	77	1.9%	67.5%
Q2 low	29.8 to 43.0	Current	101	0.4%	61.4%	96	0.8%	63.5%	81	2.5%	74.1%
Q3 middle	43.1 to 57.1		100	0.3%	58.0%	93	1.0%	65.6%	83	1.4%	66.3%
Q4 high	57.2 to 71.0		103	0.2%	62.1%	95	0.8%	67.4%	83	1.9%	68.7%
Q5 highest	71.1 to 94.1		105	0.5%	66.7%	94	0.6%	67.0%	88	2.0%	71.6%

HYG High Yield Credit

Rates / Credit

31.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.3 to 30.6		99	0.6%	75.8%	82	1.3%	86.6%	74	2.8%	97.3%
Q2 low	30.8 to 43.3	Current	102	0.5%	76.5%	91	1.6%	94.5%	79	3.2%	97.5%
Q3 middle	43.3 to 55.5		102	0.7%	74.5%	94	1.8%	88.3%	81	3.7%	100.0%
Q4 high	55.5 to 69.8		101	0.6%	77.2%	100	1.3%	93.0%	86	2.8%	96.5%
Q5 highest	69.9 to 96.8		107	0.9%	75.7%	104	2.0%	95.2%	91	3.9%	97.8%

LQD Investment Grade Credit

Rates / Credit

62.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.3 to 29.2		97	0.1%	55.7%	78	0.2%	55.1%	62	0.7%	67.7%
Q2 low	29.3 to 42.8		105	0.2%	58.1%	96	0.5%	61.5%	84	0.6%	60.7%
Q3 middle	42.8 to 57.4		105	0.8%	72.4%	99	0.7%	66.7%	85	2.6%	74.1%
Q4 high	57.4 to 70.4	Current	102	0.9%	70.6%	99	1.0%	68.7%	88	2.7%	71.6%
Q5 highest	70.5 to 98.6		103	0.7%	74.8%	100	1.1%	70.0%	93	2.4%	77.4%

Commodity / Currency

GLD Gold

Commodity / Currency

43.5 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.7 to 31.9		106	2.5%	70.8%	95	11.6%	95.8%	93	16.8%	100.0%
Q2 low	32.2 to 44.4	Current	101	2.2%	67.3%	93	10.4%	77.4%	76	18.0%	97.4%
Q3 middle	44.4 to 54.9		104	2.4%	66.3%	96	10.5%	81.2%	80	21.2%	95.0%
Q4 high	55.1 to 67.3		103	2.9%	64.1%	95	10.8%	81.1%	89	17.6%	91.0%
Q5 highest	67.3 to 94.5		98	3.7%	73.5%	93	5.0%	68.8%	74	17.0%	79.7%

SLV Silver

Commodity / Currency

42.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.5 to 28.4		106	4.7%	81.1%	106	13.0%	94.3%	106	24.0%	97.2%
Q2 low	28.4 to 42.8	Current	105	2.7%	65.7%	95	8.0%	83.2%	95	21.3%	88.4%
Q3 middle	42.9 to 55.7		102	1.6%	59.8%	90	10.4%	80.0%	84	23.9%	91.7%
Q4 high	55.7 to 70.2		99	1.1%	54.5%	88	4.4%	58.0%	67	26.2%	86.6%
Q5 highest	70.2 to 99.7		100	5.0%	57.0%	93	-3.0%	41.9%	60	8.0%	61.7%

USO Oil

Commodity / Currency

55.1 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.2 to 29.9		104	-1.6%	38.5%	104	-0.3%	48.1%	102	0.1%	50.0%
Q2 low	30.0 to 43.8		100	-1.5%	42.0%	93	0.7%	53.8%	90	-0.7%	46.7%
Q3 middle	44.0 to 56.1	Current	100	-0.1%	50.0%	92	1.8%	55.4%	88	2.3%	53.4%
Q4 high	56.1 to 70.4		102	-0.7%	47.1%	90	-2.2%	43.3%	75	3.4%	64.0%
Q5 highest	70.4 to 90.0		106	3.5%	66.0%	93	6.8%	62.4%	57	6.4%	75.4%

UUP Dollar

Commodity / Currency

6.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.6 to 32.0	Current	97	1.1%	66.0%	68	1.0%	63.2%	55	1.8%	83.6%
Q2 low	32.1 to 43.3		104	-0.6%	35.6%	99	0.7%	57.6%	84	2.0%	71.4%
Q3 middle	43.6 to 56.0		106	0.1%	50.0%	103	0.9%	61.2%	89	2.2%	67.4%
Q4 high	56.1 to 68.7		101	-0.1%	45.5%	99	1.4%	68.7%	85	3.0%	68.2%
Q5 highest	68.7 to 98.5		104	0.7%	62.5%	103	1.5%	71.8%	99	2.1%	65.7%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

79.1 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.6 to 30.9		106	2.9%	66.0%	101	4.3%	68.3%	100	6.6%	71.0%
Q2 low	31.2 to 42.4		106	1.6%	60.4%	98	5.5%	65.3%	89	8.1%	69.7%
Q3 middle	42.6 to 54.4		106	1.6%	65.1%	97	5.9%	67.0%	83	7.6%	60.2%
Q4 high	54.4 to 69.4		102	2.3%	62.7%	93	6.0%	69.9%	68	7.2%	67.6%
Q5 highest	69.6 to 97.8	Current	91	2.6%	59.3%	82	4.8%	65.9%	71	13.7%	71.8%

MSFT Microsoft

Single-Name Leadership

61.9 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.1 to 31.3		106	-0.9%	42.5%	106	-3.5%	39.6%	106	-6.1%	34.9%
Q2 low	31.4 to 43.3		102	-0.7%	47.1%	98	-1.1%	45.9%	98	-1.7%	44.9%
Q3 middle	43.3 to 55.6		104	-0.1%	47.1%	93	0.4%	52.7%	92	-3.2%	43.5%
Q4 high	55.7 to 69.1	Current	97	-1.6%	42.3%	82	1.8%	59.8%	72	3.2%	56.9%
Q5 highest	69.3 to 97.5		103	-0.8%	43.7%	93	1.6%	58.1%	44	-6.4%	40.9%

NVDA Nvidia

Single-Name Leadership

66.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.1 to 32.2		105	1.9%	61.0%	102	2.3%	58.8%	101	7.6%	79.2%
Q2 low	32.3 to 43.9		106	2.6%	56.6%	103	3.1%	63.1%	94	9.2%	79.8%
Q3 middle	43.9 to 53.6		100	2.6%	61.0%	87	5.4%	65.5%	76	8.0%	71.1%
Q4 high	53.8 to 67.1	Current	101	-0.8%	48.5%	88	10.9%	72.7%	71	12.9%	88.7%
Q5 highest	67.5 to 93.7		100	1.6%	59.0%	92	16.7%	73.9%	70	20.1%	92.9%

AMZN Amazon

Single-Name Leadership

77.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	8.9 to 30.3		106	3.7%	64.2%	104	1.0%	51.9%	104	2.7%	60.6%
Q2 low	30.5 to 42.1		105	1.5%	58.1%	96	4.4%	55.2%	96	6.1%	66.7%
Q3 middle	42.1 to 55.6		103	-0.3%	48.5%	94	3.3%	58.5%	87	5.6%	65.5%
Q4 high	55.6 to 70.0		100	1.8%	57.0%	89	4.5%	67.4%	69	8.9%	72.5%
Q5 highest	70.3 to 97.0	Current	97	3.4%	64.9%	88	16.8%	81.8%	55	18.5%	90.9%

META Meta

Single-Name Leadership

57.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.2 to 30.3		105	1.1%	61.0%	102	3.7%	64.7%	102	-5.9%	37.3%
Q2 low	30.3 to 42.3		103	-0.9%	45.6%	96	3.6%	60.4%	94	-1.6%	48.9%
Q3 middle	42.5 to 56.6		103	1.5%	55.3%	92	3.6%	58.7%	86	5.6%	59.3%
Q4 high	56.9 to 69.1	Current	98	-2.1%	41.8%	90	0.4%	50.0%	69	8.2%	69.6%
Q5 highest	69.4 to 99.3		103	3.1%	58.3%	92	1.1%	55.4%	61	7.1%	72.1%

GOOGL Alphabet

Single-Name Leadership

75.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.3 to 29.9		106	2.8%	64.2%	105	3.3%	54.3%	105	2.5%	60.0%
Q2 low	29.9 to 44.5		102	5.6%	65.7%	97	14.2%	66.0%	97	17.1%	75.3%
Q3 middle	44.6 to 58.2		101	2.7%	59.4%	93	15.2%	73.1%	84	22.3%	86.9%
Q4 high	58.4 to 68.0		104	-0.2%	49.0%	89	12.9%	77.5%	67	23.9%	86.6%
Q5 highest	68.1 to 95.4	Current	99	4.2%	61.6%	88	19.1%	87.5%	59	26.3%	88.1%

TSLA Tesla

Single-Name Leadership

96.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	7.0 to 30.6		105	3.8%	65.7%	103	24.5%	67.0%	101	11.6%	65.3%
Q2 low	30.9 to 43.4		104	1.2%	53.8%	98	1.6%	53.1%	93	13.6%	60.2%
Q3 middle	43.4 to 55.5		105	-0.9%	48.6%	91	1.9%	56.0%	81	1.9%	51.9%
Q4 high	56.0 to 69.3		102	-3.4%	40.2%	93	4.6%	65.6%	65	7.1%	55.4%
Q5 highest	69.7 to 99.3	Current	96	2.4%	61.5%	87	14.4%	82.8%	72	41.7%	76.4%

Gamma Stability

Measures open-interest/gamma support that may help price pin or grind.

Exact calculation

Percentile rank of log(1 + absolute total gamma notional unit) within each symbol's history.

High reading means

More open-interest support may reduce jumpiness and keep price closer to important strikes.

Caveat

This is an inferred listed-options proxy, not a true dealer book.

Index / Market

SPY S&P 500

Index / Market

66.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	4.1%	78.6%	84	10.0%	100.0%	67	16.7%	95.5%
Q2 low	20.1 to 39.8		104	1.7%	66.3%	91	6.6%	92.3%	75	10.4%	96.0%
Q3 middle	40.0 to 60.0		104	1.8%	76.9%	96	4.8%	77.1%	82	8.4%	92.7%
Q4 high	60.2 to 79.9	Current	100	1.7%	71.0%	100	3.8%	81.0%	92	6.4%	72.8%
Q5 highest	80.1 to 100.0		101	0.3%	58.4%	101	1.5%	56.4%	96	3.8%	70.8%

QQQ Nasdaq 100

Index / Market

78.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	3.3%	70.5%	92	11.4%	85.9%	85	18.9%	91.8%
Q2 low	20.1 to 39.8		98	2.3%	71.4%	85	7.6%	77.6%	76	11.2%	80.3%
Q3 middle	40.0 to 60.0		102	1.5%	69.6%	94	6.4%	72.3%	78	8.4%	87.2%
Q4 high	60.2 to 79.9	Current	101	1.6%	68.3%	96	5.5%	80.2%	78	7.1%	83.3%
Q5 highest	80.1 to 100.0		106	0.7%	59.4%	105	1.6%	56.2%	95	7.0%	88.4%

IWM Russell 2000

Index / Market

65.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		94	2.5%	69.1%	68	6.2%	79.4%	41	13.0%	82.9%
Q2 low	20.1 to 39.8		100	0.6%	54.0%	93	6.0%	75.3%	79	12.4%	75.9%
Q3 middle	40.0 to 60.0		106	2.7%	64.2%	100	5.1%	73.0%	90	12.9%	68.9%
Q4 high	60.2 to 79.9	Current	105	2.4%	71.4%	104	4.1%	68.3%	98	4.9%	68.4%
Q5 highest	80.1 to 100.0		107	2.8%	78.5%	107	8.1%	87.9%	104	11.2%	76.9%

DIA Dow Jones

Index / Market

67.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.8%	80.2%	104	7.4%	97.1%	83	12.1%	98.8%
Q2 low	20.1 to 39.8		103	2.2%	78.6%	91	4.9%	84.6%	73	7.4%	89.0%
Q3 middle	40.0 to 60.0		102	1.6%	69.6%	89	2.8%	69.7%	77	5.4%	84.4%
Q4 high	60.2 to 79.9	Current	100	1.8%	71.0%	92	1.8%	63.0%	86	4.6%	72.1%
Q5 highest	80.1 to 100.0		101	1.8%	68.3%	96	4.6%	67.7%	93	6.8%	73.1%

RSP Equal-Weight S&P 500

Index / Market

83.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.6%	81.1%	106	4.4%	84.0%	86	5.1%	58.1%
Q2 low	20.1 to 39.8		106	1.3%	61.3%	101	3.6%	82.2%	73	7.6%	86.3%
Q3 middle	40.0 to 60.0		103	2.1%	70.9%	85	2.5%	76.5%	79	7.0%	91.1%
Q4 high	60.2 to 79.9		96	1.3%	65.6%	84	2.6%	66.7%	82	5.7%	85.4%
Q5 highest	80.1 to 100.0	Current	101	2.0%	75.2%	96	2.3%	72.9%	92	8.8%	97.8%

VTI Total Market

Index / Market

55.1 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	1.4%	63.7%	98	8.8%	95.9%	72	12.1%	97.2%
Q2 low	20.1 to 39.8		103	1.3%	64.1%	100	4.6%	87.0%	84	8.4%	83.3%
Q3 middle	40.0 to 60.0	Current	103	2.2%	79.6%	97	4.1%	77.3%	88	7.8%	80.7%
Q4 high	60.2 to 79.9		102	2.0%	76.5%	93	3.0%	67.7%	92	7.1%	78.3%
Q5 highest	80.1 to 100.0		102	1.6%	67.6%	84	3.9%	72.6%	76	6.6%	75.0%

Sector / Industry

XLK Technology

Sector / Industry

70.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.7%	77.4%	87	10.2%	89.7%	87	11.9%	80.5%
Q2 low	20.1 to 39.8		103	3.5%	61.2%	96	9.4%	75.0%	95	18.5%	97.9%
Q3 middle	40.0 to 60.0		100	0.1%	50.0%	91	-0.6%	48.4%	87	6.7%	80.5%
Q4 high	60.2 to 79.9	Current	97	1.4%	69.1%	93	3.8%	67.7%	78	2.2%	60.3%
Q5 highest	80.1 to 100.0		106	0.5%	52.8%	105	7.1%	65.7%	65	22.5%	83.1%

XLY Consumer Discretionary

Sector / Industry

97.2 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.2%	52.8%	106	-2.6%	37.7%	106	-0.8%	41.5%
Q2 low	20.1 to 39.8		106	0.5%	54.7%	106	2.7%	78.3%	104	1.4%	57.7%
Q3 middle	40.0 to 60.0		107	2.6%	69.2%	107	9.1%	88.8%	97	16.9%	80.4%
Q4 high	60.2 to 79.9		106	3.0%	67.9%	102	8.4%	83.3%	70	14.7%	70.0%
Q5 highest	80.1 to 100.0	Current	87	0.8%	63.2%	51	2.8%	66.7%	35	-0.0%	48.6%

XLC Communication Services

Sector / Industry

95.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	0.5%	52.8%	106	1.4%	65.1%	99	1.3%	55.6%
Q2 low	20.2 to 39.9		106	2.7%	79.2%	106	6.5%	92.5%	106	8.7%	93.4%
Q3 middle	40.1 to 59.9		106	1.8%	58.5%	102	3.9%	77.5%	97	9.9%	94.8%
Q4 high	60.1 to 79.8		105	-0.2%	49.5%	89	0.3%	51.7%	57	10.4%	94.7%
Q5 highest	80.0 to 100.0	Current	88	1.2%	62.5%	68	4.9%	61.8%	52	10.5%	88.5%

XLF Financials

Sector / Industry

25.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	0.7%	61.9%	105	4.8%	75.2%	104	6.7%	83.7%
Q2 low	20.1 to 39.8	Current	100	0.5%	56.0%	100	3.7%	75.0%	90	3.6%	72.2%
Q3 middle	40.0 to 60.0		97	2.2%	64.9%	96	3.3%	71.9%	83	4.3%	75.9%
Q4 high	60.2 to 79.9		103	1.5%	66.0%	100	3.1%	74.0%	75	3.0%	69.3%
Q5 highest	80.1 to 100.0		107	1.5%	60.7%	71	1.3%	60.6%	60	3.3%	73.3%

XLI Industrials

Sector / Industry

5.1 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	88	1.8%	69.3%	58	3.7%	81.0%	23	8.9%	100.0%
Q2 low	20.2 to 39.9		104	1.4%	69.2%	95	2.9%	78.9%	75	11.4%	93.3%
Q3 middle	40.1 to 59.9		106	2.1%	68.9%	105	2.8%	69.5%	104	10.1%	76.9%
Q4 high	60.1 to 79.8		106	1.8%	67.0%	106	7.1%	76.4%	103	10.7%	87.4%
Q5 highest	80.0 to 100.0		107	1.7%	67.3%	107	7.3%	87.9%	106	10.2%	99.1%

XLE Energy

Sector / Industry

65.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.2%	51.9%	106	2.3%	63.2%	106	4.9%	84.9%
Q2 low	20.1 to 39.8		106	0.9%	57.5%	106	2.0%	58.5%	103	2.7%	62.1%
Q3 middle	40.0 to 60.0		107	0.1%	50.5%	105	2.0%	58.1%	99	4.5%	62.6%
Q4 high	60.2 to 79.9	Current	97	1.0%	60.8%	88	2.0%	63.6%	61	6.2%	63.9%
Q5 highest	80.1 to 100.0		96	4.9%	69.8%	67	14.3%	86.6%	43	21.7%	95.3%

XLB Materials

Sector / Industry

41.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		101	0.2%	51.5%	100	2.9%	72.0%	99	5.0%	67.7%
Q2 low	20.1 to 39.8		100	1.4%	58.0%	100	2.9%	63.0%	98	1.9%	65.3%
Q3 middle	40.0 to 60.0	Current	99	-0.3%	47.5%	89	-0.6%	47.2%	80	3.3%	76.2%
Q4 high	60.2 to 79.9		105	0.1%	50.5%	78	0.5%	51.3%	49	2.1%	61.2%
Q5 highest	80.1 to 100.0		107	3.6%	72.9%	105	3.1%	59.0%	86	9.9%	76.7%

XLU Utilities

Sector / Industry

82.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	0.4%	54.7%	106	2.9%	61.3%	106	6.2%	91.5%
Q2 low	20.2 to 39.9		106	1.2%	61.3%	106	4.2%	83.0%	106	7.7%	93.4%
Q3 middle	40.1 to 59.9		106	2.3%	71.7%	106	5.2%	78.3%	104	7.7%	90.4%
Q4 high	60.1 to 79.8		99	0.4%	51.5%	94	2.0%	63.8%	61	7.3%	93.4%
Q5 highest	80.0 to 100.0	Current	94	1.4%	69.1%	59	7.5%	74.6%	34	6.7%	97.1%

XLRE Real Estate

Sector / Industry

25.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	0.7%	66.7%	76	1.1%	64.5%	62	0.7%	59.7%
Q2 low	20.1 to 39.8	Current	93	0.4%	55.9%	86	0.9%	61.6%	70	1.5%	61.4%
Q3 middle	40.0 to 60.0		105	1.8%	63.8%	102	1.4%	64.7%	84	1.9%	66.7%
Q4 high	60.2 to 79.9		105	0.9%	55.2%	103	2.0%	63.1%	94	3.7%	69.1%
Q5 highest	80.1 to 100.0		107	1.1%	65.4%	105	1.6%	60.0%	102	2.4%	67.6%

XLV Health Care

Sector / Industry

69.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-1.0%	35.8%	102	-1.3%	42.2%	53	1.5%	52.8%
Q2 low	20.1 to 39.8		100	1.0%	63.0%	90	0.4%	52.2%	79	-3.1%	34.2%
Q3 middle	40.0 to 60.0		100	1.1%	63.0%	99	2.5%	61.6%	99	-0.7%	47.5%
Q4 high	60.2 to 79.9	Current	101	0.6%	54.5%	86	2.5%	59.3%	86	0.4%	51.2%
Q5 highest	80.1 to 100.0		105	1.6%	65.7%	95	2.5%	62.1%	95	-2.2%	37.9%

XLP Consumer Staples

Sector / Industry

24.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		97	1.4%	72.2%	96	2.0%	67.7%	94	1.3%	64.9%
Q2 low	20.1 to 39.8	Current	97	1.0%	57.7%	95	0.1%	52.6%	94	2.0%	77.7%
Q3 middle	40.0 to 60.0		105	0.1%	51.4%	98	0.1%	51.0%	94	1.9%	62.8%
Q4 high	60.2 to 79.9		106	0.6%	52.8%	83	1.7%	59.0%	81	7.6%	76.5%
Q5 highest	80.1 to 100.0		107	0.4%	52.3%	100	1.1%	65.0%	49	6.1%	79.6%

SMH Semiconductors

Sector / Industry

98.5 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.4%	65.1%	101	8.0%	72.3%	93	20.0%	71.0%
Q2 low	20.1 to 39.8		106	3.1%	67.9%	102	12.9%	75.5%	92	29.0%	78.3%
Q3 middle	40.0 to 60.0		107	2.8%	66.4%	102	14.4%	78.4%	96	30.0%	85.4%
Q4 high	60.2 to 79.9		106	3.2%	66.0%	96	12.7%	75.0%	82	16.8%	78.0%
Q5 highest	80.1 to 100.0	Current	87	2.3%	64.4%	71	20.8%	77.5%	49	36.3%	85.7%

XHB Homebuilders

Sector / Industry

13.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	103	2.1%	63.1%	91	-4.4%	38.5%	67	-13.6%	25.4%
Q2 low	20.1 to 39.8		99	-1.4%	39.4%	91	-2.3%	45.1%	84	-4.4%	35.7%
Q3 middle	40.0 to 60.0		100	0.9%	55.0%	90	1.6%	58.9%	83	1.0%	53.0%
Q4 high	60.2 to 79.9		106	1.6%	54.7%	102	-1.2%	47.1%	88	3.2%	61.4%
Q5 highest	80.1 to 100.0		104	3.3%	55.8%	98	-0.9%	46.9%	90	2.5%	56.7%

KRE Regional Banks

Sector / Industry

43.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.2%	49.1%	106	2.3%	62.3%	103	9.9%	79.6%
Q2 low	20.1 to 39.8		105	1.4%	54.3%	98	3.1%	56.1%	91	4.6%	61.5%
Q3 middle	40.0 to 60.0	Current	99	2.4%	61.6%	83	5.5%	68.7%	78	8.8%	76.9%
Q4 high	60.2 to 79.9		97	4.5%	71.1%	92	9.5%	85.9%	70	13.4%	92.9%
Q5 highest	80.1 to 100.0		105	4.1%	66.7%	93	4.9%	72.0%	70	10.2%	88.6%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

88.3 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	0.9%	60.4%	106	1.8%	55.7%	106	-1.0%	46.2%
Q2 low	20.2 to 39.9		106	0.5%	53.8%	106	1.0%	57.5%	106	2.2%	64.2%
Q3 middle	40.1 to 59.9		106	0.5%	55.7%	106	-0.8%	37.7%	98	-1.3%	35.7%
Q4 high	60.1 to 79.8		106	-0.4%	40.6%	99	-0.6%	41.4%	73	-1.3%	31.5%
Q5 highest	80.0 to 100.0	Current	87	-0.6%	35.6%	54	-0.7%	20.4%	28	-1.8%	14.3%

IEF Intermediate Treasury

Rates / Credit

62.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.5%	61.3%	106	1.4%	65.1%	106	3.0%	87.7%
Q2 low	20.1 to 39.8		106	1.0%	69.8%	106	1.1%	66.0%	106	1.9%	67.0%
Q3 middle	40.0 to 60.0		101	0.6%	67.3%	100	1.2%	81.0%	100	2.5%	82.0%
Q4 high	60.2 to 79.9	Current	92	0.4%	60.9%	79	0.5%	65.8%	63	0.4%	58.7%
Q5 highest	80.1 to 100.0		107	-0.1%	46.7%	81	-0.1%	45.7%	37	-0.6%	10.8%

HYG High Yield Credit

Rates / Credit

73.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	0.8%	78.3%	106	2.1%	89.6%	106	3.6%	100.0%
Q2 low	20.2 to 39.9		106	0.9%	84.0%	106	1.8%	91.5%	105	3.8%	97.1%
Q3 middle	40.1 to 59.9		105	0.8%	78.1%	102	1.8%	99.0%	93	3.7%	96.8%
Q4 high	60.1 to 79.8	Current	94	0.5%	69.1%	73	1.5%	90.4%	53	2.4%	94.3%
Q5 highest	80.0 to 100.0		100	0.3%	69.0%	84	0.8%	86.9%	54	1.9%	100.0%

LQD Investment Grade Credit

Rates / Credit

76.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.1%	79.2%	106	1.8%	84.9%	106	3.5%	91.5%
Q2 low	20.1 to 39.8		106	0.7%	65.1%	106	1.0%	62.3%	106	1.9%	67.0%
Q3 middle	40.0 to 60.0		107	0.6%	66.4%	106	0.4%	58.5%	101	0.4%	64.4%
Q4 high	60.2 to 79.9	Current	97	0.3%	64.9%	85	0.7%	65.9%	70	0.5%	62.9%
Q5 highest	80.1 to 100.0		96	0.1%	55.2%	69	-0.1%	46.4%	29	-0.3%	48.3%

Commodity / Currency

GLD Gold

Commodity / Currency

1.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	2.6%	68.6%	68	8.0%	77.9%	63	14.3%	100.0%
Q2 low	20.1 to 39.8		106	0.1%	50.9%	86	6.1%	77.9%	76	19.2%	100.0%
Q3 middle	40.0 to 60.0		107	2.2%	69.2%	105	9.0%	82.9%	91	23.0%	95.6%
Q4 high	60.2 to 79.9		106	2.3%	72.6%	106	10.9%	79.2%	87	24.2%	93.1%
Q5 highest	80.1 to 100.0		107	5.7%	80.4%	107	15.4%	85.0%	95	16.0%	80.0%

SLV Silver

Commodity / Currency

5.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-1.7%	47.7%	70	2.0%	52.9%	60	0.4%	50.0%
Q2 low	20.1 to 39.8		106	-0.0%	49.1%	87	-1.5%	44.8%	61	7.6%	82.0%
Q3 middle	40.0 to 60.0		107	2.9%	60.7%	102	4.4%	64.7%	81	10.0%	87.7%
Q4 high	60.2 to 79.9		106	4.0%	77.4%	106	13.9%	91.5%	103	43.8%	99.0%
Q5 highest	80.1 to 100.0		107	5.4%	81.3%	107	16.6%	95.3%	107	50.8%	99.1%

USO Oil

Commodity / Currency

80.3 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.7%	45.3%	106	-3.1%	35.8%	104	0.3%	51.0%
Q2 low	20.1 to 39.8		106	0.3%	50.9%	106	1.7%	54.7%	99	2.1%	61.6%
Q3 middle	40.0 to 60.0		107	-0.2%	48.6%	104	3.2%	60.6%	90	4.3%	56.7%
Q4 high	60.2 to 79.9		102	0.5%	51.0%	94	1.5%	54.3%	70	7.4%	64.3%
Q5 highest	80.1 to 100.0	Current	91	-0.3%	48.4%	62	2.8%	61.3%	49	-4.0%	42.9%

UUP Dollar

Commodity / Currency

89.5 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.6%	36.8%	106	-1.9%	43.4%	106	-2.3%	41.5%
Q2 low	20.1 to 39.8		106	0.0%	49.1%	106	0.6%	56.6%	103	3.3%	54.4%
Q3 middle	40.0 to 60.0		107	0.8%	58.9%	107	1.4%	78.5%	92	3.1%	89.1%
Q4 high	60.2 to 79.9		93	0.8%	59.1%	68	0.3%	54.4%	64	1.7%	95.3%
Q5 highest	80.1 to 100.0	Current	100	0.2%	56.0%	85	2.4%	91.8%	47	2.0%	97.9%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

7.2 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	97	2.3%	59.8%	96	7.4%	71.9%	69	21.4%	79.7%
Q2 low	20.2 to 39.9		98	2.4%	59.2%	82	4.9%	62.2%	62	8.1%	67.7%
Q3 middle	40.1 to 59.9		104	2.9%	67.3%	96	3.0%	60.4%	87	6.2%	72.4%
Q4 high	60.1 to 79.8		105	1.7%	61.9%	96	5.0%	70.8%	95	7.2%	64.2%
Q5 highest	80.0 to 100.0		107	1.7%	65.4%	101	3.4%	70.3%	98	6.0%	60.2%

MSFT Microsoft

Single-Name Leadership

63.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.6%	45.3%	106	4.5%	71.7%	103	5.9%	57.3%
Q2 low	20.1 to 39.8		106	-0.6%	47.2%	106	0.2%	50.9%	103	-3.6%	35.0%
Q3 middle	40.0 to 60.0		103	0.9%	54.4%	102	-1.3%	44.1%	92	-6.5%	28.3%
Q4 high	60.2 to 79.9	Current	101	-0.8%	44.6%	97	-3.4%	39.2%	75	-4.2%	45.3%
Q5 highest	80.1 to 100.0		96	-2.8%	30.2%	61	-1.4%	42.6%	39	3.0%	64.1%

NVDA Nvidia

Single-Name Leadership

20.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		95	-0.9%	45.3%	80	6.1%	70.0%	64	6.8%	78.1%
Q2 low	20.1 to 39.8	Current	101	3.5%	65.3%	84	8.0%	72.6%	70	9.4%	80.0%
Q3 middle	40.0 to 60.0		106	2.9%	67.9%	103	8.3%	78.6%	87	10.8%	86.2%
Q4 high	60.2 to 79.9		105	2.2%	60.0%	102	11.0%	69.6%	93	14.2%	84.9%
Q5 highest	80.1 to 100.0		105	-0.9%	46.7%	103	-2.2%	43.7%	98	11.7%	78.6%

AMZN Amazon

Single-Name Leadership

48.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		104	0.1%	50.0%	103	7.4%	63.1%	100	7.6%	63.0%
Q2 low	20.2 to 39.9		102	3.2%	68.6%	96	8.4%	72.9%	92	7.3%	68.5%
Q3 middle	40.1 to 59.9	Current	98	1.7%	57.1%	87	5.9%	62.1%	73	5.6%	69.9%
Q4 high	60.1 to 79.8		103	2.1%	57.3%	91	3.0%	58.2%	68	6.4%	70.6%
Q5 highest	80.0 to 100.0		104	2.0%	59.6%	94	1.4%	55.3%	78	9.0%	75.6%

META Meta

Single-Name Leadership

62.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.0%	58.5%	106	9.3%	72.6%	105	14.2%	67.6%
Q2 low	20.1 to 39.8		106	1.1%	55.7%	106	5.1%	63.2%	101	7.9%	58.4%
Q3 middle	40.0 to 60.0		103	-0.2%	48.5%	101	3.1%	56.4%	84	6.8%	59.5%
Q4 high	60.2 to 79.9	Current	92	-1.4%	47.8%	79	-4.0%	39.2%	51	-0.2%	49.0%
Q5 highest	80.1 to 100.0		105	0.7%	51.4%	80	0.4%	52.5%	71	-4.3%	31.0%

GOOGL Alphabet

Single-Name Leadership

84.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	-3.9%	31.4%	84	1.6%	52.4%	73	8.3%	75.3%
Q2 low	20.1 to 39.8		100	0.2%	51.0%	92	11.4%	70.7%	69	14.0%	75.4%
Q3 middle	40.0 to 60.0		101	3.7%	71.3%	97	10.8%	75.3%	81	11.9%	69.1%
Q4 high	60.2 to 79.9		104	4.5%	65.4%	95	11.7%	68.4%	88	17.5%	72.7%
Q5 highest	80.1 to 100.0	Current	105	7.0%	80.0%	104	30.3%	84.6%	101	65.2%	91.1%

TSLA Tesla

Single-Name Leadership

9.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	-3.4%	42.9%	98	-1.2%	49.0%	95	-1.2%	46.3%
Q2 low	20.1 to 39.8		101	2.4%	59.4%	98	9.3%	63.3%	86	15.1%	67.4%
Q3 middle	40.0 to 60.0		103	0.3%	50.5%	91	8.4%	71.4%	74	17.5%	64.9%
Q4 high	60.2 to 79.9		105	2.4%	57.1%	93	7.6%	74.2%	75	14.4%	66.7%
Q5 highest	80.1 to 100.0		105	3.9%	59.0%	92	13.0%	66.3%	82	21.7%	67.1%

Gamma / OI Magnet

Measures whether open interest and gamma look large enough to create pinning/magnet behavior.

Exact calculation

0.55 * Gamma Stability + 0.25 * Total Open Interest Percentile + 0.20 * (100 - Total Volume/OI Percentile).

High reading means

Price may be more influenced by nearby open-interest concentrations.

Caveat

It does not identify actual dealer direction; it is an open-interest proxy.

Index / Market

SPY S&P 500

Index / Market

47.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.5 to 29.1		101	3.0%	66.3%	93	9.6%	95.7%	63	16.0%	100.0%
Q2 low	29.1 to 43.5		103	1.7%	72.8%	85	5.5%	84.7%	71	10.5%	95.8%
Q3 middle	43.5 to 56.5	Current	102	1.8%	74.5%	89	4.6%	79.8%	78	8.5%	92.3%
Q4 high	56.8 to 70.1		101	1.2%	68.3%	100	3.6%	71.0%	95	6.9%	85.3%
Q5 highest	70.3 to 96.8		105	1.2%	69.5%	105	3.3%	73.3%	105	1.4%	60.0%

QQQ Nasdaq 100

Index / Market

66.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.6 to 31.0		105	2.7%	65.7%	101	9.7%	82.2%	85	13.3%	91.8%
Q2 low	31.1 to 43.2		97	2.2%	70.1%	83	8.1%	73.5%	75	11.3%	85.3%
Q3 middle	43.3 to 56.4		103	1.5%	68.9%	89	7.1%	78.7%	71	8.9%	84.5%
Q4 high	56.5 to 69.0	Current	101	1.6%	66.3%	94	4.7%	80.9%	82	9.1%	82.9%
Q5 highest	69.0 to 99.6		106	0.9%	67.9%	105	2.0%	56.2%	99	5.9%	86.9%

IWM Russell 2000

Index / Market

44.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.3 to 25.7		91	2.3%	63.7%	68	7.2%	83.8%	32	13.6%	87.5%
Q2 low	25.9 to 43.6		102	0.0%	50.0%	90	4.6%	66.7%	75	10.2%	73.3%
Q3 middle	43.9 to 57.8	Current	106	2.4%	70.8%	101	4.8%	72.3%	93	12.4%	69.9%
Q4 high	57.8 to 74.4		106	2.6%	69.8%	106	5.0%	72.6%	105	10.6%	71.4%
Q5 highest	74.5 to 98.1		107	3.2%	82.2%	107	8.3%	88.8%	107	11.3%	74.8%

DIA Dow Jones

Index / Market

73.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.9 to 31.4		106	2.0%	71.7%	105	6.2%	91.4%	93	11.9%	98.9%
Q2 low	31.4 to 44.5		105	2.2%	78.1%	105	4.9%	80.0%	84	7.5%	95.2%
Q3 middle	44.6 to 56.4		103	1.7%	66.0%	92	3.4%	72.8%	74	5.3%	79.7%
Q4 high	56.4 to 68.5		99	2.0%	74.7%	84	4.7%	73.8%	78	6.7%	78.2%
Q5 highest	68.6 to 97.7	Current	99	2.3%	77.8%	86	2.4%	62.8%	83	4.0%	60.2%

RSP Equal-Weight S&P 500

Index / Market

70.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.3 to 29.0		106	2.3%	80.2%	106	4.1%	79.2%	89	4.2%	53.9%
Q2 low	29.3 to 43.0		106	0.8%	61.3%	102	4.7%	84.3%	76	7.0%	90.8%
Q3 middle	43.2 to 56.1		100	2.3%	71.0%	85	4.6%	81.2%	74	8.1%	90.5%
Q4 high	56.2 to 72.5	Current	100	1.9%	72.0%	83	2.2%	68.7%	81	5.9%	87.7%
Q5 highest	72.7 to 96.5		100	2.0%	70.0%	96	2.0%	69.8%	92	8.7%	97.8%

VTI Total Market

Index / Market

71.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.5 to 27.9		105	0.6%	53.3%	104	7.7%	93.3%	72	11.7%	98.6%
Q2 low	27.9 to 43.8		103	1.8%	68.0%	98	5.8%	83.7%	87	9.2%	88.5%
Q3 middle	43.9 to 58.7		104	2.1%	80.8%	98	4.3%	80.6%	92	7.5%	80.4%
Q4 high	58.7 to 70.2		102	2.3%	82.4%	96	4.1%	79.2%	90	7.1%	78.9%
Q5 highest	70.7 to 98.1	Current	98	1.8%	67.3%	76	2.2%	60.5%	71	6.5%	66.2%

Sector / Industry

XLK Technology

Sector / Industry

68.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.3 to 26.6		106	1.9%	66.0%	102	9.2%	84.3%	102	13.3%	83.3%
Q2 low	26.9 to 42.3		105	4.0%	65.7%	96	9.8%	70.8%	96	12.9%	97.9%
Q3 middle	42.4 to 58.0		103	0.8%	59.2%	88	1.0%	54.5%	85	6.7%	84.7%
Q4 high	58.2 to 71.2	Current	95	1.4%	68.4%	88	3.7%	68.2%	73	2.4%	53.4%
Q5 highest	71.4 to 96.3		103	0.4%	51.5%	98	8.0%	65.3%	56	22.7%	78.6%

XLY Consumer Discretionary

Sector / Industry

93.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.8 to 28.5		106	-0.3%	50.0%	106	1.5%	62.3%	106	0.3%	51.9%
Q2 low	28.5 to 40.2		106	0.5%	55.7%	106	2.1%	60.4%	104	1.2%	54.8%
Q3 middle	40.3 to 55.1		107	2.5%	69.2%	107	8.7%	85.0%	97	9.7%	78.4%
Q4 high	55.1 to 72.3		106	3.3%	69.8%	103	8.1%	87.4%	64	12.3%	70.3%
Q5 highest	72.3 to 98.8	Current	87	0.8%	63.2%	50	1.7%	52.0%	41	-2.3%	36.6%

XLC Communication Services

Sector / Industry

87.1 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.9 to 26.5		106	0.5%	56.6%	106	1.8%	70.8%	99	1.6%	55.6%
Q2 low	26.5 to 41.5		106	2.4%	72.6%	106	5.0%	86.8%	105	7.6%	90.5%
Q3 middle	41.5 to 56.8		106	2.1%	66.0%	106	5.2%	77.4%	104	10.7%	95.2%
Q4 high	57.4 to 74.1		103	1.6%	59.2%	96	4.6%	65.6%	84	10.3%	96.4%
Q5 highest	74.2 to 95.8	Current	90	-0.4%	45.6%	57	-1.2%	38.6%	19	11.7%	84.2%

XLF Financials

Sector / Industry

48.1 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.0 to 28.5		105	-0.5%	45.7%	105	2.2%	62.9%	97	5.8%	87.6%
Q2 low	28.7 to 43.5		103	0.9%	60.2%	103	3.1%	72.8%	90	3.7%	66.7%
Q3 middle	43.5 to 55.4	Current	97	2.2%	69.1%	96	5.2%	81.2%	84	3.1%	71.4%
Q4 high	55.4 to 71.5		100	3.4%	69.0%	98	4.0%	78.6%	77	5.2%	72.7%
Q5 highest	71.5 to 95.9		107	3.6%	66.4%	70	2.3%	62.9%	64	4.0%	78.1%

XLI Industrials

Sector / Industry

18.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.8 to 29.0	Current	87	4.1%	73.6%	68	3.6%	82.4%	29	9.5%	100.0%
Q2 low	29.1 to 41.6		105	0.5%	61.9%	86	2.8%	74.4%	70	9.8%	90.0%
Q3 middle	41.6 to 56.3		106	2.4%	73.6%	105	3.0%	72.4%	101	11.9%	86.1%
Q4 high	56.3 to 73.1		106	1.9%	63.2%	105	7.0%	76.2%	104	12.1%	80.8%
Q5 highest	73.1 to 98.5		107	2.2%	70.1%	107	7.5%	87.9%	107	10.0%	98.1%

XLE Energy

Sector / Industry

61.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.2 to 25.4		106	0.3%	54.7%	106	0.9%	54.7%	106	3.7%	78.3%
Q2 low	25.6 to 42.4		106	-0.1%	49.1%	106	2.9%	62.3%	104	4.5%	68.3%
Q3 middle	42.4 to 58.5		107	1.0%	59.8%	105	3.1%	67.6%	98	5.4%	64.3%
Q4 high	58.5 to 72.9	Current	98	1.3%	60.2%	92	2.0%	59.8%	65	6.2%	63.1%
Q5 highest	73.2 to 97.1		95	3.4%	66.3%	63	11.9%	85.7%	39	22.0%	97.4%

XLB Materials

Sector / Industry

48.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.5 to 26.3		104	-0.3%	48.1%	104	2.5%	63.5%	104	3.9%	64.4%
Q2 low	26.5 to 42.6		101	0.2%	51.5%	100	1.0%	56.0%	98	2.5%	66.3%
Q3 middle	42.6 to 57.3	Current	96	1.6%	60.4%	93	3.1%	65.6%	87	2.4%	75.9%
Q4 high	57.4 to 73.5		104	0.2%	51.9%	77	-0.7%	42.9%	57	2.4%	57.9%
Q5 highest	73.7 to 98.0		107	3.9%	69.2%	98	3.8%	64.3%	66	11.2%	86.4%

XLU Utilities

Sector / Industry

82.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.0 to 26.4		106	1.2%	59.4%	106	3.4%	67.9%	106	7.0%	93.4%
Q2 low	26.8 to 41.9		106	1.0%	63.2%	106	4.1%	78.3%	106	7.7%	92.5%
Q3 middle	41.9 to 54.6		106	2.0%	61.3%	106	4.2%	73.6%	103	6.8%	90.3%
Q4 high	54.6 to 76.3		102	1.4%	60.8%	97	5.1%	71.1%	70	7.7%	92.9%
Q5 highest	76.3 to 96.9	Current	91	0.7%	63.7%	56	6.3%	67.9%	26	6.4%	96.2%

XLRE Real Estate

Sector / Industry

18.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.6 to 30.0	Current	98	1.1%	68.4%	69	1.5%	66.7%	45	2.7%	66.7%
Q2 low	30.1 to 41.3		94	0.3%	57.4%	87	1.2%	67.8%	70	1.4%	64.3%
Q3 middle	41.3 to 55.9		107	0.8%	60.7%	105	1.8%	66.7%	87	2.1%	70.1%
Q4 high	56.3 to 73.0		106	1.0%	52.8%	104	0.7%	57.7%	103	2.3%	64.1%
Q5 highest	73.1 to 95.1		107	1.1%	68.2%	107	1.6%	57.0%	107	2.1%	63.6%

XLV Health Care

Sector / Industry

77.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	6.5 to 29.7		106	-0.3%	47.2%	106	-0.9%	46.2%	82	-3.7%	42.7%
Q2 low	29.8 to 42.7		104	-0.2%	47.1%	97	0.2%	51.5%	69	-3.4%	30.4%
Q3 middle	42.7 to 57.7		102	0.8%	57.8%	95	1.3%	55.8%	87	-0.8%	44.8%
Q4 high	57.8 to 70.2		100	1.0%	57.0%	98	2.7%	59.2%	98	-1.2%	42.9%
Q5 highest	70.3 to 95.8	Current	100	2.6%	73.0%	76	3.6%	67.1%	76	2.8%	59.2%

XLP Consumer Staples

Sector / Industry

28.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.0 to 25.8		98	1.7%	77.6%	97	2.6%	71.1%	97	1.2%	66.0%
Q2 low	25.8 to 42.9	Current	96	0.5%	57.3%	96	0.5%	56.2%	93	1.8%	71.0%
Q3 middle	43.0 to 58.7		105	-0.2%	47.6%	102	-0.5%	45.1%	98	2.2%	71.4%
Q4 high	58.8 to 74.2		106	0.7%	53.8%	86	1.5%	59.3%	84	7.3%	70.2%
Q5 highest	74.3 to 95.9		107	0.1%	50.5%	91	1.2%	64.8%	40	6.3%	87.5%

SMH Semiconductors

Sector / Industry

79.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.9 to 29.5		106	1.9%	57.5%	103	5.2%	64.1%	98	12.7%	69.4%
Q2 low	29.5 to 46.1		106	2.4%	62.3%	104	11.3%	71.2%	90	26.3%	72.2%
Q3 middle	46.2 to 56.5		107	2.8%	68.2%	100	11.8%	81.0%	94	28.2%	86.2%
Q4 high	56.5 to 69.3		106	3.5%	67.0%	98	13.0%	74.5%	85	27.2%	82.4%
Q5 highest	69.4 to 94.3	Current	87	6.6%	77.0%	67	21.5%	94.0%	45	43.9%	93.3%

XHB Homebuilders

Sector / Industry

24.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.2 to 27.3	Current	100	2.4%	57.0%	94	-6.7%	30.9%	78	-13.4%	21.8%
Q2 low	27.9 to 42.7		99	-1.0%	40.4%	89	-0.1%	49.4%	76	-2.9%	44.7%
Q3 middle	42.7 to 57.4		103	1.2%	58.3%	89	1.0%	53.9%	78	1.4%	51.3%
Q4 high	57.8 to 72.3		103	1.9%	56.3%	99	0.9%	51.5%	90	3.0%	61.1%
Q5 highest	72.3 to 95.9		107	3.1%	56.1%	101	0.6%	50.5%	90	1.0%	55.6%

KRE Regional Banks

Sector / Industry

53.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.0 to 28.2		106	-0.4%	48.1%	106	1.8%	58.5%	100	10.2%	79.0%
Q2 low	28.6 to 44.7		102	2.9%	59.8%	99	4.5%	62.6%	92	7.2%	75.0%
Q3 middle	44.7 to 57.5	Current	103	2.5%	60.2%	90	4.7%	73.3%	84	8.2%	70.2%
Q4 high	57.6 to 70.4		98	3.5%	62.2%	88	5.5%	72.7%	72	9.9%	84.7%
Q5 highest	70.5 to 95.9		103	4.7%	71.8%	89	10.3%	78.7%	64	11.5%	89.1%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

92.0 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.2 to 25.0		106	0.8%	55.7%	106	1.3%	54.7%	106	-1.4%	41.5%
Q2 low	25.2 to 41.3		106	0.5%	57.5%	106	0.0%	50.0%	106	0.7%	54.7%
Q3 middle	41.3 to 55.7		106	1.0%	56.6%	106	-0.6%	46.2%	103	0.1%	51.5%
Q4 high	56.0 to 76.2		106	-0.1%	45.3%	99	-0.3%	42.4%	72	-1.6%	27.8%
Q5 highest	76.5 to 97.4	Current	87	-0.9%	29.9%	54	-1.2%	18.5%	24	-1.6%	16.7%

IEF Intermediate Treasury

Rates / Credit

55.6 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.5 to 27.1		106	0.6%	68.9%	106	1.2%	65.1%	106	3.2%	84.9%
Q2 low	27.2 to 42.5		105	0.7%	61.0%	104	0.9%	66.3%	104	1.7%	67.3%
Q3 middle	42.5 to 56.8	Current	95	1.0%	75.8%	95	1.6%	75.8%	94	2.0%	72.3%
Q4 high	56.8 to 72.2		99	0.2%	58.6%	84	1.0%	78.6%	72	2.2%	79.2%
Q5 highest	72.4 to 97.6		107	-0.2%	43.0%	83	-0.3%	39.8%	36	-0.8%	5.6%

HYG High Yield Credit

Rates / Credit

66.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.7 to 25.9		106	0.8%	77.4%	106	1.9%	88.7%	106	3.7%	100.0%
Q2 low	26.2 to 42.6		106	0.8%	79.2%	106	1.8%	92.5%	106	3.7%	97.2%
Q3 middle	42.7 to 57.6		101	0.9%	82.2%	95	2.3%	98.9%	87	3.7%	96.6%
Q4 high	57.6 to 74.1	Current	98	0.4%	72.4%	80	1.3%	90.0%	61	2.4%	95.1%
Q5 highest	74.3 to 95.2		100	0.3%	68.0%	84	0.8%	88.1%	51	1.9%	100.0%

LQD Investment Grade Credit

Rates / Credit

67.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.8 to 26.5		106	1.1%	82.1%	106	2.1%	81.1%	106	3.5%	87.7%
Q2 low	26.5 to 40.6		106	0.7%	64.2%	106	1.0%	68.9%	106	2.2%	70.8%
Q3 middle	40.7 to 56.7		107	0.6%	64.5%	105	0.5%	61.0%	103	0.5%	64.1%
Q4 high	57.0 to 73.0	Current	99	0.3%	66.7%	91	0.4%	61.5%	73	0.4%	61.6%
Q5 highest	73.0 to 98.0		94	0.0%	53.2%	64	-0.1%	42.2%	24	-0.1%	50.0%

Commodity / Currency

GLD Gold

Commodity / Currency

31.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.5 to 31.2		93	2.7%	78.5%	89	8.3%	83.1%	88	15.0%	100.0%
Q2 low	31.3 to 43.7	Current	99	2.7%	62.6%	84	8.7%	85.7%	78	20.6%	98.7%
Q3 middle	43.7 to 55.1		107	1.4%	57.9%	89	11.4%	78.7%	75	24.0%	94.7%
Q4 high	55.1 to 69.9		106	2.3%	71.7%	103	11.1%	86.4%	91	23.6%	94.5%
Q5 highest	70.0 to 91.1		107	5.1%	72.0%	107	11.6%	72.0%	80	14.2%	76.2%

SLV Silver

Commodity / Currency

30.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	8.4 to 31.8	Current	89	0.1%	50.6%	85	2.8%	57.6%	82	4.1%	61.0%
Q2 low	31.9 to 44.4		103	2.0%	56.3%	88	3.4%	61.4%	73	8.4%	84.9%
Q3 middle	44.5 to 54.7		107	2.1%	57.0%	88	6.3%	62.5%	69	28.7%	87.0%
Q4 high	54.8 to 67.4		106	3.7%	74.5%	104	11.5%	79.8%	85	30.5%	100.0%
Q5 highest	67.4 to 89.1		107	5.4%	78.5%	107	16.7%	93.5%	103	51.7%	99.0%

USO Oil

Commodity / Currency

68.8 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.4 to 27.9		106	-1.5%	43.4%	106	-3.1%	35.8%	105	1.8%	58.1%
Q2 low	28.2 to 42.4		106	0.3%	50.9%	106	0.2%	50.9%	98	0.9%	53.1%
Q3 middle	42.4 to 57.8		106	-0.2%	49.1%	105	2.2%	58.1%	91	4.5%	57.1%
Q4 high	58.0 to 71.6	Current	104	0.6%	53.8%	97	4.7%	62.9%	72	6.8%	63.9%
Q5 highest	71.8 to 94.5		90	-0.9%	46.7%	58	3.1%	58.6%	46	-6.2%	43.5%

UUP Dollar

Commodity / Currency

87.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.6 to 25.2		106	-0.4%	38.7%	106	-2.0%	42.5%	106	-1.7%	45.3%
Q2 low	25.3 to 40.5		106	1.0%	60.4%	106	1.3%	67.0%	101	3.0%	58.4%
Q3 middle	40.6 to 58.2		106	0.2%	52.8%	106	1.3%	69.8%	91	2.9%	79.1%
Q4 high	58.2 to 76.0		93	-0.0%	47.3%	75	0.2%	56.0%	73	1.8%	94.5%
Q5 highest	76.0 to 97.4	Current	101	0.5%	59.4%	79	2.4%	92.4%	41	2.0%	100.0%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

9.2 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.6 to 25.7	Current	93	4.8%	61.3%	89	9.2%	70.8%	55	20.3%	72.7%
Q2 low	25.7 to 42.6		100	-0.0%	50.0%	84	4.9%	64.3%	63	17.0%	76.2%
Q3 middle	42.7 to 59.2		105	3.6%	70.5%	91	4.8%	63.7%	87	10.4%	74.7%
Q4 high	59.4 to 74.3		106	3.4%	74.5%	100	5.1%	71.0%	99	5.8%	69.7%
Q5 highest	74.7 to 92.5		107	0.6%	57.0%	107	2.6%	66.4%	107	2.9%	54.2%

MSFT Microsoft

Single-Name Leadership

69.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.3 to 30.1		106	-0.8%	40.6%	106	4.7%	68.9%	103	14.8%	62.1%
Q2 low	30.1 to 44.8		106	0.0%	50.0%	106	1.2%	56.6%	102	-5.2%	29.4%
Q3 middle	44.8 to 58.8		106	1.5%	59.4%	105	-0.8%	44.8%	98	-4.1%	33.7%
Q4 high	58.9 to 70.4	Current	101	-1.1%	40.6%	95	-2.1%	44.2%	68	-2.4%	47.1%
Q5 highest	70.6 to 89.1		93	-2.6%	30.1%	60	-3.6%	28.3%	41	0.2%	51.2%

NVDA Nvidia

Single-Name Leadership

12.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 29.0	Current	90	-0.4%	48.9%	64	7.3%	76.6%	39	8.4%	87.2%
Q2 low	29.1 to 43.5		104	1.3%	56.7%	95	6.6%	70.5%	79	8.5%	83.5%
Q3 middle	43.8 to 58.1		105	3.7%	69.5%	102	10.1%	81.4%	86	11.0%	81.4%
Q4 high	58.1 to 72.3		106	2.2%	62.3%	104	9.7%	70.2%	101	14.3%	85.1%
Q5 highest	72.4 to 94.2		107	-0.7%	47.7%	107	-3.5%	39.3%	107	9.8%	75.7%

AMZN Amazon

Single-Name Leadership

48.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.4 to 30.4		105	-1.0%	46.7%	104	6.9%	66.3%	101	6.3%	62.4%
Q2 low	30.6 to 43.2		100	2.8%	60.0%	98	6.5%	66.3%	94	4.8%	64.9%
Q3 middle	43.2 to 57.2	Current	102	3.2%	67.6%	92	5.9%	65.2%	81	6.2%	67.9%
Q4 high	57.5 to 71.3		98	2.0%	61.2%	88	7.6%	64.8%	66	5.6%	69.7%
Q5 highest	71.6 to 92.9		106	1.9%	57.5%	89	-1.4%	48.3%	69	10.7%	85.5%

META Meta

Single-Name Leadership

63.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.4 to 28.5		106	0.0%	50.0%	106	6.2%	65.1%	103	8.4%	64.1%
Q2 low	28.8 to 43.3		106	2.9%	56.6%	106	4.4%	62.3%	102	6.0%	57.8%
Q3 middle	43.4 to 56.7		107	3.4%	58.9%	107	3.7%	62.6%	91	9.9%	58.2%
Q4 high	56.9 to 71.7	Current	92	-2.2%	43.5%	83	-3.8%	39.8%	56	3.9%	53.6%
Q5 highest	71.9 to 95.6		101	1.3%	52.5%	70	0.6%	55.7%	60	-4.2%	31.7%

GOOGL Alphabet

Single-Name Leadership

66.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.4 to 29.0		102	-5.1%	28.4%	88	1.6%	53.4%	69	5.4%	69.6%
Q2 low	29.1 to 43.8		102	-1.5%	47.1%	90	7.9%	72.2%	71	11.8%	67.6%
Q3 middle	44.0 to 55.9		100	3.1%	70.0%	94	9.3%	69.1%	78	8.0%	67.9%
Q4 high	56.0 to 71.5	Current	102	5.7%	65.7%	95	15.0%	71.6%	90	18.6%	76.7%
Q5 highest	71.6 to 93.7		106	7.2%	87.7%	105	30.2%	85.7%	104	65.0%	97.1%

TSLA Tesla

Single-Name Leadership

6.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.3 to 32.7	Current	92	-2.9%	40.2%	86	-0.6%	50.0%	70	-7.0%	38.6%
Q2 low	32.8 to 44.7		102	2.1%	58.8%	96	4.2%	58.3%	82	2.2%	59.8%
Q3 middle	44.7 to 55.6		105	-1.9%	46.7%	89	10.0%	73.0%	71	24.5%	69.0%
Q4 high	55.6 to 68.2		106	2.3%	55.7%	94	7.7%	73.4%	82	24.5%	68.3%
Q5 highest	68.3 to 94.1		107	4.0%	66.4%	107	14.9%	67.3%	107	24.4%	69.2%

Call Activity

Measures whether upside/call activity is active versus the asset's own history.

Exact calculation

Average of Call Volume/OI Percentile and Total Volume/OI Percentile.

High reading means

Upside demand is stronger. That can confirm leadership or show chase behavior.

Caveat

High call activity plus high IV can mean crowded upside, not clean bullish confirmation.

Index / Market

SPY S&P 500

Index / Market

89.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 22.2		106	1.8%	72.6%	105	3.4%	79.0%	105	4.9%	61.0%
Q2 low	22.2 to 41.1		106	1.6%	74.5%	103	5.4%	82.5%	103	7.9%	88.3%
Q3 middle	41.3 to 58.8		106	2.3%	78.3%	97	5.9%	77.3%	92	8.6%	89.1%
Q4 high	59.0 to 79.6		104	0.9%	55.8%	93	3.9%	77.4%	75	9.1%	97.3%
Q5 highest	79.7 to 99.9	Current	90	1.8%	70.0%	74	6.5%	87.8%	37	10.2%	100.0%

QQQ Nasdaq 100

Index / Market

93.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 21.3		106	2.6%	79.2%	106	7.0%	77.4%	106	10.0%	84.9%
Q2 low	21.5 to 39.6		106	2.2%	75.5%	104	6.3%	79.8%	104	5.8%	76.9%
Q3 middle	39.6 to 60.3		106	1.5%	67.9%	99	4.9%	67.7%	92	8.4%	88.0%
Q4 high	60.5 to 79.3		105	0.5%	57.1%	90	4.4%	65.6%	68	12.8%	94.1%
Q5 highest	79.9 to 99.9	Current	89	1.1%	57.3%	73	7.4%	79.5%	42	13.0%	97.6%

IWM Russell 2000

Index / Market

66.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 21.6		106	3.4%	84.0%	106	8.7%	90.6%	106	13.9%	75.5%
Q2 low	21.6 to 38.8		106	2.9%	68.9%	106	5.5%	74.5%	106	12.5%	67.0%
Q3 middle	39.1 to 60.3		106	1.7%	62.3%	94	3.2%	61.7%	88	7.0%	64.8%
Q4 high	60.3 to 78.9	Current	101	1.8%	63.4%	84	4.2%	70.2%	69	11.1%	81.2%
Q5 highest	78.9 to 99.8		93	1.0%	58.1%	82	7.4%	85.4%	43	11.4%	90.7%

DIA Dow Jones

Index / Market

17.3 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 21.2	Current	102	2.5%	80.4%	97	5.7%	87.6%	88	9.4%	81.8%
Q2 low	21.6 to 40.3		101	2.5%	77.2%	88	4.5%	76.1%	79	6.5%	77.2%
Q3 middle	40.5 to 60.4		105	1.7%	68.6%	96	4.1%	68.8%	84	6.8%	82.1%
Q4 high	60.6 to 78.6		100	2.2%	72.0%	92	5.0%	78.3%	75	8.7%	90.7%
Q5 highest	78.7 to 99.8		104	1.4%	70.2%	99	4.4%	73.7%	86	5.6%	83.7%

RSP Equal-Weight S&P 500

Index / Market

56.3 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 22.0		101	2.2%	77.2%	95	4.1%	86.3%	85	8.6%	94.1%
Q2 low	22.1 to 41.5		102	2.3%	71.6%	97	2.8%	78.4%	85	6.6%	84.7%
Q3 middle	41.5 to 58.3	Current	101	1.5%	72.3%	95	3.4%	83.2%	83	6.5%	85.5%
Q4 high	58.4 to 76.2		104	1.8%	71.2%	95	3.6%	67.4%	83	6.3%	78.3%
Q5 highest	76.6 to 99.2		104	1.6%	62.5%	90	2.6%	68.9%	76	5.4%	75.0%

VTI Total Market

Index / Market

5.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 22.7	Current	93	1.4%	76.3%	86	3.8%	74.4%	80	8.6%	77.5%
Q2 low	23.1 to 39.9		104	2.0%	73.1%	94	4.3%	77.7%	86	7.0%	75.6%
Q3 middle	39.9 to 58.2		106	1.6%	66.0%	97	4.5%	80.4%	84	8.6%	88.1%
Q4 high	58.2 to 78.4		103	1.8%	71.8%	94	5.8%	85.1%	81	7.0%	80.2%
Q5 highest	78.4 to 99.9		106	2.2%	65.1%	101	7.4%	84.2%	81	11.1%	91.4%

Sector / Industry

XLK Technology

Sector / Industry

46.7 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 22.4		102	1.9%	63.7%	96	7.7%	69.8%	84	9.3%	73.8%
Q2 low	22.7 to 39.9		105	1.1%	59.0%	97	5.8%	67.0%	81	9.7%	79.0%
Q3 middle	40.0 to 60.2	Current	99	2.7%	65.7%	91	8.5%	72.5%	76	8.9%	81.6%
Q4 high	60.2 to 79.5		101	1.5%	62.4%	94	5.0%	73.4%	83	10.8%	78.3%
Q5 highest	79.7 to 99.5		105	1.2%	60.0%	94	3.0%	62.8%	88	12.6%	92.0%

XLY Consumer Discretionary

Sector / Industry

15.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 23.6	Current	97	1.5%	63.9%	81	2.2%	60.5%	64	1.3%	57.8%
Q2 low	24.0 to 42.4		103	0.9%	61.2%	99	1.8%	60.6%	90	0.3%	52.2%
Q3 middle	42.4 to 57.6		103	0.6%	57.3%	98	3.9%	65.3%	84	0.3%	51.2%
Q4 high	58.4 to 77.0		104	1.0%	59.6%	96	6.0%	84.4%	87	9.4%	72.4%
Q5 highest	77.3 to 99.6		105	1.6%	65.7%	98	6.7%	84.7%	87	12.3%	66.7%

XLC Communication Services

Sector / Industry

57.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.6 to 23.3		101	0.7%	57.4%	84	3.1%	70.2%	64	5.1%	84.4%
Q2 low	23.4 to 40.5		102	0.6%	54.9%	93	2.0%	63.4%	78	8.7%	80.8%
Q3 middle	40.5 to 58.7	Current	102	1.5%	62.7%	98	2.7%	71.4%	88	10.1%	80.7%
Q4 high	58.7 to 76.3		101	1.5%	63.4%	95	3.6%	77.9%	87	8.8%	86.2%
Q5 highest	76.3 to 99.8		105	2.8%	63.8%	101	4.3%	71.3%	94	7.8%	88.3%

XLF Financials

Sector / Industry

8.6 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 21.8	Current	103	2.4%	69.9%	95	4.4%	74.7%	93	5.3%	68.8%
Q2 low	22.1 to 42.8		99	2.2%	64.6%	90	3.2%	72.2%	85	3.8%	71.8%
Q3 middle	43.0 to 57.6		105	1.6%	62.9%	94	2.3%	68.1%	83	4.2%	72.3%
Q4 high	57.7 to 78.4		103	0.2%	52.4%	97	2.6%	69.1%	76	4.5%	85.5%
Q5 highest	78.4 to 100.0		102	0.9%	59.8%	96	4.3%	76.0%	75	4.9%	81.3%

XLI Industrials

Sector / Industry

39.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.6 to 23.1		106	2.1%	73.6%	100	4.1%	80.0%	97	8.5%	85.6%
Q2 low	23.1 to 42.7	Current	101	1.4%	72.3%	91	3.1%	76.9%	84	10.3%	89.3%
Q3 middle	43.0 to 57.5		99	1.2%	59.6%	93	5.8%	78.5%	86	12.0%	95.3%
Q4 high	57.6 to 74.7		100	1.1%	63.0%	91	4.5%	76.9%	66	11.0%	89.4%
Q5 highest	74.7 to 99.8		105	3.6%	72.4%	96	6.4%	80.2%	78	10.4%	88.5%

XLE Energy

Sector / Industry

59.5 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 22.0		100	1.5%	61.0%	98	5.0%	72.4%	95	12.1%	71.6%
Q2 low	22.4 to 41.4		102	0.5%	53.9%	97	3.3%	66.0%	91	6.3%	73.6%
Q3 middle	41.4 to 60.2	Current	105	1.0%	56.2%	87	2.1%	65.5%	78	5.0%	66.7%
Q4 high	60.3 to 77.3		100	1.9%	64.0%	88	3.6%	67.0%	76	4.4%	73.7%
Q5 highest	77.5 to 99.8		105	0.8%	54.3%	102	0.7%	52.0%	72	3.7%	73.6%

XLB Materials

Sector / Industry

45.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.9 to 24.5		103	1.9%	67.0%	89	4.3%	68.5%	84	7.5%	75.0%
Q2 low	24.7 to 41.2		101	0.2%	51.5%	94	1.9%	58.5%	79	4.2%	70.9%
Q3 middle	41.3 to 56.8	Current	100	0.0%	50.0%	94	1.2%	56.4%	77	2.7%	62.3%
Q4 high	56.8 to 77.4		102	0.9%	53.9%	92	2.0%	58.7%	77	2.0%	63.6%
Q5 highest	77.5 to 99.6		106	1.4%	58.5%	103	1.8%	54.4%	95	5.0%	75.8%

XLU Utilities

Sector / Industry

15.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 24.0	Current	98	0.8%	60.2%	88	5.5%	78.4%	75	6.4%	97.3%
Q2 low	24.2 to 41.1		100	2.1%	66.0%	89	5.6%	83.1%	75	7.3%	98.7%
Q3 middle	41.4 to 58.4		103	1.0%	60.2%	94	4.1%	73.4%	82	8.3%	96.3%
Q4 high	58.5 to 74.9		103	0.9%	57.3%	95	3.4%	62.1%	89	6.3%	83.1%
Q5 highest	75.1 to 100.0		107	1.6%	64.5%	105	2.7%	65.7%	90	6.6%	88.9%

XLRE Real Estate

Sector / Industry

98.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 23.1		104	1.0%	67.3%	93	1.8%	71.0%	84	3.3%	71.4%
Q2 low	23.1 to 41.1		100	0.2%	57.0%	93	1.3%	59.1%	82	1.3%	59.8%
Q3 middle	41.4 to 59.9		104	0.5%	59.6%	97	1.2%	62.9%	80	1.4%	57.5%
Q4 high	59.9 to 77.7		102	1.1%	60.8%	95	0.6%	58.9%	86	2.2%	76.7%
Q5 highest	77.7 to 99.4	Current	102	1.7%	62.7%	94	2.4%	61.7%	80	2.1%	61.3%

XLV Health Care

Sector / Industry

19.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 22.7	Current	102	-0.2%	46.1%	91	1.6%	58.2%	66	-0.1%	48.5%
Q2 low	22.9 to 40.5		102	0.4%	53.9%	90	3.3%	53.3%	77	1.1%	57.1%
Q3 middle	41.3 to 59.4		104	-0.1%	49.0%	98	-2.0%	44.9%	84	-2.9%	33.3%
Q4 high	59.5 to 75.5		102	0.7%	59.8%	99	1.0%	54.5%	94	-2.3%	45.7%
Q5 highest	75.5 to 99.8		102	1.7%	72.5%	94	2.0%	66.0%	91	-2.4%	38.5%

XLP Consumer Staples

Sector / Industry

75.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.8 to 25.2		106	0.2%	53.8%	98	1.1%	61.2%	91	3.1%	70.3%
Q2 low	25.3 to 43.6		103	1.3%	64.1%	93	1.0%	62.4%	82	2.0%	76.8%
Q3 middle	43.6 to 58.2		105	0.3%	53.3%	91	0.7%	56.0%	83	1.9%	68.7%
Q4 high	58.2 to 75.1		101	0.9%	59.4%	96	0.8%	60.4%	79	2.5%	69.6%
Q5 highest	75.2 to 99.9	Current	97	0.4%	54.6%	94	0.4%	55.3%	77	2.3%	71.4%

SMH Semiconductors

Sector / Industry

86.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.7 to 23.9		106	4.6%	78.3%	105	13.3%	81.9%	102	34.5%	82.4%
Q2 low	24.0 to 42.1		106	2.5%	65.1%	102	14.4%	80.4%	94	31.8%	78.7%
Q3 middle	42.5 to 57.8		99	3.5%	66.7%	90	13.3%	73.3%	75	21.8%	78.7%
Q4 high	58.0 to 76.3		100	2.0%	63.0%	84	10.4%	67.9%	68	10.0%	73.5%
Q5 highest	76.4 to 100.0	Current	101	2.8%	56.4%	91	8.5%	72.5%	73	16.9%	80.8%

XHB Homebuilders

Sector / Industry

33.7 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 21.4		102	1.5%	60.8%	91	5.3%	62.6%	66	3.8%	60.6%
Q2 low	21.6 to 42.5	Current	102	0.7%	52.0%	91	3.1%	58.2%	78	3.1%	62.8%
Q3 middle	42.8 to 58.7		104	1.8%	56.7%	97	-4.3%	45.4%	88	-3.4%	42.0%
Q4 high	58.8 to 75.9		99	-0.8%	47.5%	96	-4.9%	30.2%	91	-5.8%	36.3%
Q5 highest	76.1 to 100.0		105	0.3%	51.4%	97	-3.1%	41.2%	89	-1.8%	41.6%

KRE Regional Banks

Sector / Industry

10.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 22.8	Current	97	4.5%	67.0%	77	5.9%	67.5%	60	8.3%	80.0%
Q2 low	22.9 to 40.4		103	2.0%	59.2%	94	8.2%	72.3%	83	9.1%	78.3%
Q3 middle	40.5 to 58.3		102	2.6%	56.9%	98	6.6%	70.4%	90	9.5%	74.4%
Q4 high	58.3 to 78.8		105	3.3%	60.0%	100	3.5%	68.0%	88	9.7%	81.8%
Q5 highest	79.1 to 99.7		105	1.7%	59.0%	103	3.6%	65.0%	91	9.3%	80.2%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

15.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.8 to 20.8	Current	99	0.0%	50.5%	85	-0.4%	42.4%	69	-0.5%	43.5%
Q2 low	20.9 to 39.2		98	-0.2%	45.9%	87	0.2%	54.0%	75	0.2%	53.3%
Q3 middle	39.3 to 59.7		104	0.1%	50.0%	98	0.5%	54.1%	83	-0.8%	44.6%
Q4 high	59.9 to 80.1		103	-0.1%	47.6%	96	-1.3%	36.5%	89	-1.9%	36.0%
Q5 highest	80.2 to 99.8		107	0.7%	54.2%	105	-1.3%	39.0%	95	-0.9%	42.1%

IEF Intermediate Treasury

Rates / Credit

67.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.8 to 24.1		106	0.3%	54.7%	98	1.1%	71.4%	88	2.4%	73.9%
Q2 low	24.1 to 40.5		103	0.2%	61.2%	99	0.8%	61.6%	87	2.2%	74.7%
Q3 middle	40.6 to 57.9		102	0.6%	66.7%	92	0.9%	69.6%	85	1.6%	70.6%
Q4 high	57.9 to 77.2	Current	100	0.5%	66.0%	92	0.6%	69.6%	76	1.3%	63.2%
Q5 highest	77.3 to 100.0		101	0.3%	57.4%	91	0.4%	54.9%	76	1.4%	64.5%

HYG High Yield Credit

Rates / Credit

49.5 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.7 to 25.2		97	0.6%	79.4%	85	1.2%	89.4%	74	2.8%	95.9%
Q2 low	25.3 to 42.6		104	0.7%	75.0%	93	1.7%	89.2%	84	3.4%	96.4%
Q3 middle	42.8 to 57.4	Current	101	0.6%	73.3%	92	1.7%	93.5%	80	3.5%	100.0%
Q4 high	57.4 to 75.7		103	0.7%	73.8%	97	1.7%	94.8%	83	3.5%	97.6%
Q5 highest	75.7 to 99.0		106	0.7%	78.3%	104	1.9%	91.3%	90	3.7%	98.9%

LQD Investment Grade Credit

Rates / Credit

95.2 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 24.2		102	0.3%	57.8%	89	0.4%	57.3%	76	0.5%	69.7%
Q2 low	24.4 to 41.9		102	0.3%	60.8%	93	0.9%	71.0%	80	3.0%	76.2%
Q3 middle	41.9 to 58.6		102	0.6%	65.7%	94	0.7%	68.1%	84	2.8%	72.6%
Q4 high	58.8 to 75.0		102	0.6%	71.6%	97	0.4%	62.9%	80	1.1%	70.0%
Q5 highest	75.1 to 99.0	Current	104	0.9%	76.0%	99	0.8%	64.6%	92	0.8%	65.2%

Commodity / Currency

GLD Gold

Commodity / Currency

8.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.7	Current	96	1.9%	60.4%	79	10.1%	86.1%	69	17.4%	100.0%
Q2 low	19.7 to 39.7		98	2.4%	65.3%	87	9.4%	82.8%	74	19.8%	95.9%
Q3 middle	39.7 to 59.7		106	3.1%	71.7%	97	10.0%	80.4%	87	19.1%	93.1%
Q4 high	60.1 to 79.2		105	3.4%	75.2%	104	10.7%	78.8%	88	19.4%	94.3%
Q5 highest	79.3 to 100.0		107	2.9%	68.2%	105	8.7%	78.1%	94	17.4%	84.0%

SLV Silver

Commodity / Currency

11.0 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.1	Current	104	3.4%	69.2%	98	10.3%	87.8%	94	21.3%	92.6%
Q2 low	20.2 to 39.6		96	2.9%	71.9%	87	7.6%	75.9%	78	20.3%	92.3%
Q3 middle	39.8 to 59.3		102	2.1%	57.8%	88	4.4%	67.0%	72	17.6%	90.3%
Q4 high	59.3 to 80.0		104	3.7%	66.3%	96	8.1%	76.0%	80	29.1%	93.8%
Q5 highest	80.2 to 100.0		106	0.8%	54.7%	103	5.1%	55.3%	88	21.9%	68.2%

USO Oil

Commodity / Currency

87.7 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 20.8		102	-1.5%	39.2%	99	2.4%	56.6%	99	-1.0%	45.5%
Q2 low	20.9 to 40.7		100	-0.3%	46.0%	95	-0.6%	48.4%	92	1.0%	53.3%
Q3 middle	40.8 to 58.8		103	-1.8%	41.7%	94	-0.9%	45.7%	91	1.3%	52.7%
Q4 high	58.9 to 79.1		105	-0.3%	48.6%	87	-0.8%	49.4%	71	5.0%	66.2%
Q5 highest	79.1 to 100.0	Current	102	4.8%	68.6%	97	2.8%	61.9%	59	6.2%	71.2%

UUP Dollar

Commodity / Currency

12.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 22.1	Current	104	0.1%	51.9%	79	1.1%	69.6%	63	3.3%	73.0%
Q2 low	22.7 to 40.9		97	-0.3%	45.4%	93	1.0%	63.4%	79	2.1%	75.9%
Q3 middle	41.3 to 58.7		100	-0.1%	45.0%	96	0.8%	58.3%	88	1.6%	67.0%
Q4 high	58.7 to 77.9		104	0.6%	57.7%	101	1.3%	67.3%	87	2.1%	69.0%
Q5 highest	78.1 to 99.9		107	0.5%	57.9%	103	1.1%	65.0%	95	2.1%	67.4%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

98.7 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.3%	60.4%	106	2.5%	66.0%	102	2.4%	56.9%
Q2 low	20.0 to 39.9		105	1.8%	61.9%	104	4.6%	62.5%	90	6.8%	66.7%
Q3 middle	40.5 to 58.6		104	1.7%	60.6%	97	6.6%	67.0%	87	11.4%	79.3%
Q4 high	58.7 to 78.9		102	2.6%	64.7%	91	6.2%	65.9%	78	12.9%	71.8%
Q5 highest	79.1 to 100.0	Current	94	4.5%	67.0%	73	6.7%	78.1%	54	14.2%	68.5%

MSFT Microsoft

Single-Name Leadership

42.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.5		104	0.1%	51.0%	104	0.8%	55.8%	103	-5.0%	35.9%
Q2 low	20.5 to 40.1		101	0.3%	53.5%	97	0.6%	51.5%	96	-0.4%	49.0%
Q3 middle	40.2 to 60.1	Current	103	-0.4%	48.5%	101	-0.8%	44.6%	92	-2.9%	42.4%
Q4 high	60.2 to 79.5		101	-1.0%	42.6%	86	0.0%	51.2%	71	-2.9%	43.7%
Q5 highest	79.6 to 100.0		103	-2.7%	27.2%	84	0.1%	50.0%	50	1.6%	52.0%

NVDA Nvidia

Single-Name Leadership

95.7 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.1		106	3.1%	62.3%	106	5.1%	69.8%	101	9.3%	78.2%
Q2 low	20.4 to 40.2		106	2.3%	60.4%	103	4.1%	62.1%	91	9.8%	85.7%
Q3 middle	40.4 to 59.9		106	1.8%	59.4%	105	6.3%	64.8%	88	11.7%	80.7%
Q4 high	60.2 to 80.4		98	0.5%	55.1%	90	8.3%	71.1%	73	7.0%	76.7%
Q5 highest	80.5 to 100.0	Current	96	-0.5%	47.9%	68	8.5%	64.7%	59	20.9%	89.8%

AMZN Amazon

Single-Name Leadership

69.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.2		105	4.3%	71.4%	100	2.2%	55.0%	95	6.3%	69.5%
Q2 low	20.3 to 39.5		101	3.1%	58.4%	93	5.7%	64.5%	81	8.2%	76.5%
Q3 middle	39.7 to 58.5		105	2.4%	63.8%	92	8.1%	68.5%	80	8.1%	66.2%
Q4 high	58.5 to 78.7	Current	97	-1.5%	43.3%	94	2.4%	57.4%	78	8.0%	70.5%
Q5 highest	78.7 to 100.0		103	0.6%	54.4%	92	4.5%	67.4%	77	3.9%	62.3%

META Meta

Single-Name Leadership

59.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.1		102	1.6%	60.8%	99	4.4%	63.6%	96	-1.0%	47.9%
Q2 low	20.4 to 39.8		101	0.5%	50.5%	92	1.9%	57.6%	82	1.4%	51.2%
Q3 middle	39.8 to 60.4	Current	103	1.9%	53.4%	94	3.1%	55.3%	80	3.3%	56.2%
Q4 high	60.4 to 79.7		102	0.9%	52.0%	89	4.2%	57.3%	73	7.9%	64.4%
Q5 highest	79.7 to 100.0		104	-0.8%	46.2%	98	0.7%	56.1%	81	4.2%	58.0%

GOOGL Alphabet

Single-Name Leadership

89.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	4.2%	73.6%	105	7.6%	64.8%	105	8.6%	70.5%
Q2 low	20.0 to 39.4		101	4.0%	63.4%	99	13.4%	74.7%	91	22.2%	81.3%
Q3 middle	39.6 to 58.7		102	3.0%	62.7%	93	17.0%	76.3%	78	23.3%	85.9%
Q4 high	58.9 to 79.3		101	0.5%	51.5%	90	13.3%	71.1%	69	17.7%	75.4%
Q5 highest	79.9 to 99.8	Current	102	-0.5%	48.0%	85	15.7%	68.2%	69	21.9%	75.4%

TSLA Tesla

Single-Name Leadership

91.0 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 21.2		104	8.0%	69.2%	104	25.2%	73.1%	102	22.3%	75.5%
Q2 low	21.3 to 39.2		104	2.3%	60.6%	104	4.1%	55.8%	101	11.9%	61.4%
Q3 middle	39.3 to 60.2		105	-1.3%	44.8%	100	7.1%	66.0%	80	19.2%	60.0%
Q4 high	60.2 to 79.6		101	-2.3%	42.6%	92	3.6%	58.7%	70	0.8%	50.0%
Q5 highest	79.7 to 100.0	Current	98	0.8%	52.0%	72	6.0%	70.8%	59	6.6%	55.9%

Call Chase

Measures call activity that is also happening with elevated option pricing.

Exact calculation

Average of Call Activity and Average IV Percentile.

High reading means

Upside demand is expensive or crowded.

Caveat

Often a higher-bar signal for adding longs, especially in leadership names.

Index / Market

SPY S&P 500

Index / Market

60.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.3 to 27.9		106	1.1%	62.3%	105	3.1%	70.5%	105	6.2%	81.0%
Q2 low	27.9 to 46.4		106	1.9%	78.3%	101	4.6%	83.2%	101	7.3%	80.2%
Q3 middle	46.5 to 58.2		106	1.2%	63.2%	94	4.5%	81.9%	87	8.9%	81.6%
Q4 high	58.2 to 69.8	Current	94	1.6%	75.5%	85	4.1%	75.3%	70	8.3%	90.0%
Q5 highest	69.9 to 97.2		100	2.7%	73.0%	87	9.6%	93.1%	49	12.0%	95.9%

QQQ Nasdaq 100

Index / Market

90.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.1 to 26.8		106	1.8%	70.8%	105	5.1%	67.6%	105	6.8%	82.9%
Q2 low	26.9 to 45.2		106	1.9%	71.7%	103	4.7%	69.9%	100	6.8%	81.0%
Q3 middle	45.3 to 57.1		107	0.9%	59.8%	103	6.7%	79.6%	90	11.1%	84.4%
Q4 high	57.1 to 70.3		106	1.5%	67.9%	98	8.4%	78.6%	75	13.0%	93.3%
Q5 highest	71.0 to 97.5	Current	87	2.3%	69.0%	63	9.6%	74.6%	42	16.0%	100.0%

IWM Russell 2000

Index / Market

57.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.9 to 30.9		106	2.2%	73.6%	103	6.0%	77.7%	101	10.1%	66.3%
Q2 low	31.1 to 43.0		103	1.8%	66.0%	96	4.2%	72.9%	95	10.4%	66.3%
Q3 middle	43.0 to 54.4		99	2.9%	70.7%	93	6.8%	80.6%	76	13.4%	81.6%
Q4 high	54.6 to 68.9	Current	103	1.7%	62.1%	90	6.1%	72.2%	82	13.0%	76.8%
Q5 highest	69.3 to 96.7		101	2.6%	65.3%	90	7.3%	80.0%	58	9.5%	82.8%

DIA Dow Jones

Index / Market

19.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.1 to 29.9	Current	100	1.7%	72.0%	90	4.3%	76.7%	84	7.3%	79.8%
Q2 low	29.9 to 44.4		101	1.4%	65.3%	94	4.8%	76.6%	80	5.8%	75.0%
Q3 middle	44.5 to 56.6		102	2.0%	71.6%	93	4.2%	75.3%	79	6.7%	84.8%
Q4 high	56.6 to 69.2		105	2.5%	78.1%	95	5.1%	81.1%	82	8.0%	86.6%
Q5 highest	69.7 to 98.5		104	2.6%	80.8%	100	5.5%	75.0%	87	8.3%	88.5%

RSP Equal-Weight S&P 500

Index / Market

71.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.7 to 31.0		106	2.0%	81.1%	104	4.0%	89.4%	100	8.0%	92.0%
Q2 low	31.1 to 44.5		103	0.7%	59.2%	103	1.7%	63.1%	94	5.0%	77.7%
Q3 middle	44.5 to 56.4		103	2.1%	73.8%	95	4.6%	76.8%	80	6.8%	76.2%
Q4 high	56.5 to 68.7		100	2.1%	69.0%	89	3.7%	77.5%	77	7.2%	90.9%
Q5 highest	68.9 to 98.1	Current	100	2.1%	71.0%	81	3.6%	77.8%	61	7.0%	80.3%

VTI Total Market

Index / Market

23.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.0 to 28.9	Current	92	1.2%	69.6%	83	5.0%	88.0%	72	8.9%	81.9%
Q2 low	29.0 to 44.0		104	1.6%	73.1%	94	4.1%	84.0%	84	7.0%	82.1%
Q3 middle	44.1 to 55.7		105	1.8%	73.3%	95	4.3%	78.9%	84	6.9%	76.2%
Q4 high	56.1 to 70.2		105	1.6%	66.7%	97	4.3%	75.3%	83	8.5%	79.5%
Q5 highest	70.4 to 98.1		106	2.7%	68.9%	103	7.2%	77.7%	89	12.2%	92.1%

Sector / Industry

XLK Technology

Sector / Industry

68.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.7 to 29.4		106	2.3%	67.9%	102	7.8%	72.5%	96	8.7%	78.1%
Q2 low	29.4 to 44.1		106	0.5%	51.9%	104	6.5%	73.1%	82	6.5%	70.7%
Q3 middle	44.2 to 55.6		103	1.3%	65.0%	97	5.1%	70.1%	83	8.6%	78.3%
Q4 high	55.8 to 70.5	Current	100	1.4%	58.0%	91	4.1%	59.3%	79	14.0%	89.9%
Q5 highest	70.6 to 96.5		97	3.0%	68.0%	78	4.4%	69.2%	72	13.0%	90.3%

XLY Consumer Discretionary

Sector / Industry

23.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.0 to 30.4	Current	92	0.6%	54.3%	80	1.5%	56.2%	65	1.2%	58.5%
Q2 low	30.9 to 44.0		103	0.6%	58.3%	93	2.4%	72.0%	79	1.1%	51.9%
Q3 middle	44.2 to 54.9		105	0.8%	62.9%	93	3.7%	71.0%	87	1.2%	57.5%
Q4 high	55.0 to 69.7		106	1.3%	65.1%	101	5.9%	71.3%	90	2.7%	58.9%
Q5 highest	69.8 to 96.9		106	2.0%	66.0%	105	7.7%	82.9%	91	12.9%	72.5%

XLC Communication Services

Sector / Industry

57.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.8 to 29.6		103	0.5%	54.4%	94	1.5%	66.0%	77	4.3%	75.3%
Q2 low	29.7 to 43.2		100	1.0%	64.0%	90	2.4%	72.2%	71	5.1%	80.3%
Q3 middle	43.5 to 55.5		101	1.6%	64.4%	88	3.4%	71.6%	74	9.5%	85.1%
Q4 high	55.6 to 70.1	Current	103	0.8%	53.4%	97	4.7%	69.1%	89	8.6%	84.3%
Q5 highest	70.2 to 96.6		104	3.5%	66.3%	102	6.8%	75.5%	100	10.2%	93.0%

XLF Financials

Sector / Industry

27.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	5.0 to 32.3	Current	104	2.1%	71.2%	93	3.0%	65.6%	88	3.8%	70.5%
Q2 low	32.3 to 44.4		102	0.2%	53.9%	91	2.6%	65.9%	83	4.2%	77.1%
Q3 middle	44.4 to 54.9		101	0.4%	54.5%	93	1.7%	66.7%	83	4.1%	73.5%
Q4 high	54.9 to 67.3		102	0.9%	59.8%	97	3.6%	78.4%	79	4.6%	74.7%
Q5 highest	67.4 to 97.1		103	4.1%	69.9%	98	5.9%	82.7%	79	4.8%	82.3%

XLI Industrials

Sector / Industry

43.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.5 to 30.7		106	1.1%	67.9%	105	2.9%	73.3%	104	10.0%	89.4%
Q2 low	30.8 to 42.7		106	1.3%	65.1%	101	4.1%	79.2%	96	10.3%	87.5%
Q3 middle	42.7 to 56.7	Current	101	1.7%	67.3%	94	6.0%	78.7%	82	10.0%	91.5%
Q4 high	56.8 to 69.8		96	1.3%	65.6%	86	5.3%	76.7%	71	10.5%	87.3%
Q5 highest	70.0 to 98.4		102	3.5%	75.5%	85	7.3%	85.9%	58	12.8%	93.1%

XLE Energy

Sector / Industry

57.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.6 to 30.0		106	-0.5%	43.4%	106	2.1%	57.5%	105	3.1%	58.1%
Q2 low	30.5 to 43.0		103	1.2%	61.2%	102	2.4%	63.7%	99	5.0%	66.7%
Q3 middle	43.0 to 56.6		102	1.7%	65.7%	92	4.7%	65.2%	81	6.2%	71.6%
Q4 high	56.7 to 69.4	Current	101	1.8%	61.4%	85	3.1%	74.1%	69	5.2%	84.1%
Q5 highest	69.4 to 96.2		100	2.0%	58.0%	87	2.4%	63.2%	58	7.8%	91.4%

XLB Materials

Sector / Industry

57.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.4 to 31.7		106	1.3%	62.3%	105	1.3%	55.2%	105	2.4%	61.0%
Q2 low	31.7 to 44.7		103	-0.4%	45.6%	97	1.3%	51.5%	95	2.6%	66.3%
Q3 middle	44.8 to 55.6		103	0.5%	52.4%	96	2.1%	61.5%	83	4.8%	69.9%
Q4 high	56.0 to 68.0	Current	100	1.2%	58.0%	88	2.9%	65.9%	65	4.6%	75.4%
Q5 highest	68.0 to 98.7		100	2.4%	63.0%	86	3.0%	62.8%	64	6.9%	84.4%

XLU Utilities

Sector / Industry

36.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.7 to 32.0		103	1.4%	68.9%	103	6.0%	85.4%	94	6.8%	98.9%
Q2 low	32.1 to 45.0	Current	103	1.0%	60.2%	95	5.5%	85.3%	87	8.8%	96.6%
Q3 middle	45.1 to 56.7		99	1.6%	62.6%	93	3.8%	71.0%	76	7.5%	88.2%
Q4 high	56.9 to 68.4		101	0.5%	58.4%	83	1.6%	59.0%	69	6.5%	92.8%
Q5 highest	68.6 to 99.2		105	1.3%	58.1%	97	1.6%	57.7%	85	4.3%	84.7%

XLRE Real Estate

Sector / Industry

53.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.3 to 31.3		97	0.2%	54.6%	80	-1.0%	42.5%	71	-0.9%	42.3%
Q2 low	31.3 to 41.6		102	0.5%	60.8%	97	2.0%	66.0%	87	4.5%	78.2%
Q3 middle	41.8 to 52.1		105	1.1%	64.8%	99	0.8%	67.7%	85	1.3%	62.4%
Q4 high	52.3 to 70.6	Current	104	0.9%	62.5%	99	1.9%	66.7%	88	2.0%	68.2%
Q5 highest	70.6 to 97.1		104	2.1%	64.4%	97	2.9%	67.0%	81	3.1%	72.8%

XLV Health Care

Sector / Industry

55.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.7 to 31.1		105	0.4%	53.3%	99	-0.6%	47.5%	83	-0.8%	43.4%
Q2 low	31.3 to 43.9		106	0.2%	51.9%	98	-1.6%	45.9%	88	-3.5%	35.2%
Q3 middle	44.2 to 54.9		102	0.0%	52.0%	93	2.0%	54.8%	78	-3.2%	32.1%
Q4 high	55.1 to 68.0	Current	101	0.8%	61.4%	93	1.6%	59.1%	79	0.8%	51.9%
Q5 highest	68.0 to 99.5		98	1.1%	63.3%	89	2.1%	70.8%	84	2.3%	58.3%

XLP Consumer Staples

Sector / Industry

80.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.6 to 30.8		106	0.0%	50.0%	105	0.3%	53.3%	105	2.6%	68.6%
Q2 low	31.4 to 45.1		106	1.2%	61.3%	101	0.8%	56.4%	94	2.5%	77.7%
Q3 middle	45.9 to 55.7		107	0.3%	53.3%	94	0.5%	56.4%	80	2.3%	75.0%
Q4 high	55.8 to 69.9		100	1.4%	63.0%	85	1.1%	65.9%	70	2.2%	68.6%
Q5 highest	70.3 to 97.3	Current	93	0.7%	58.1%	87	0.9%	65.5%	63	1.9%	65.1%

SMH Semiconductors

Sector / Industry

90.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 29.0		106	3.5%	69.8%	105	7.7%	70.5%	104	30.1%	76.0%
Q2 low	29.2 to 44.0		106	2.0%	68.9%	103	13.3%	73.8%	96	24.1%	78.1%
Q3 middle	44.1 to 56.8		107	0.7%	53.3%	105	15.5%	79.0%	81	29.4%	79.0%
Q4 high	57.0 to 69.5		105	4.0%	68.6%	96	11.3%	75.0%	80	13.5%	78.8%
Q5 highest	69.6 to 95.0	Current	88	5.2%	70.5%	63	15.3%	82.5%	51	16.9%	88.2%

XHB Homebuilders

Sector / Industry

34.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.2 to 31.3		102	-0.1%	50.0%	98	2.2%	52.0%	89	3.4%	59.6%
Q2 low	31.3 to 44.2	Current	103	-0.3%	47.6%	98	0.7%	52.0%	85	0.7%	51.8%
Q3 middle	44.4 to 54.6		104	-0.6%	47.1%	88	-4.2%	39.8%	71	-4.4%	36.6%
Q4 high	54.6 to 67.2		100	3.5%	59.0%	95	-2.4%	46.3%	86	-0.7%	48.8%
Q5 highest	67.2 to 95.3		103	2.5%	65.0%	93	-2.6%	45.2%	81	-2.5%	38.3%

KRE Regional Banks

Sector / Industry

11.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.6 to 30.2	Current	97	2.8%	61.9%	76	2.4%	61.8%	66	8.0%	80.3%
Q2 low	30.3 to 44.4		103	1.4%	56.3%	93	4.6%	63.4%	78	9.0%	74.4%
Q3 middle	44.7 to 54.3		103	2.4%	55.3%	100	5.5%	71.0%	87	9.4%	81.6%
Q4 high	54.5 to 69.8		104	3.9%	67.3%	102	7.4%	71.6%	90	9.2%	80.0%
Q5 highest	69.8 to 97.4		105	2.3%	61.0%	101	3.8%	73.3%	91	9.7%	78.0%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

12.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.2 to 25.5	Current	93	-0.7%	36.6%	73	-0.7%	26.0%	49	-1.9%	22.4%
Q2 low	25.8 to 43.5		100	0.3%	54.0%	90	-0.1%	47.8%	76	-0.9%	38.2%
Q3 middle	43.5 to 56.7		105	-0.1%	48.6%	98	-0.7%	43.9%	80	-1.4%	42.5%
Q4 high	57.1 to 73.4		106	-0.1%	47.2%	104	-0.2%	49.0%	101	0.1%	50.5%
Q5 highest	73.5 to 99.0		107	1.0%	60.7%	106	0.4%	52.8%	105	0.5%	51.4%

IEF Intermediate Treasury

Rates / Credit

73.2 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.3 to 31.5		105	0.2%	57.1%	99	0.4%	61.6%	72	1.3%	68.1%
Q2 low	31.7 to 43.8		101	0.4%	60.4%	93	1.1%	72.0%	79	2.1%	74.7%
Q3 middle	43.8 to 53.6		102	0.4%	65.7%	91	1.1%	70.3%	82	1.7%	64.6%
Q4 high	53.7 to 68.0		102	0.5%	63.7%	93	0.5%	62.4%	87	1.6%	65.5%
Q5 highest	68.2 to 98.7	Current	102	0.4%	58.8%	96	0.4%	61.5%	92	2.5%	75.0%

HYG High Yield Credit

Rates / Credit

62.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.5 to 30.4		99	0.4%	73.7%	79	1.3%	88.6%	67	2.5%	97.0%
Q2 low	30.4 to 43.6		101	0.7%	75.2%	91	1.4%	87.9%	81	2.8%	97.5%
Q3 middle	43.7 to 56.0		102	0.6%	69.6%	96	1.3%	92.7%	79	3.5%	97.5%
Q4 high	56.0 to 70.2	Current	103	0.7%	79.6%	101	1.9%	95.0%	88	3.6%	98.9%
Q5 highest	70.3 to 95.9		106	0.9%	81.1%	104	2.5%	93.3%	96	4.1%	97.9%

LQD Investment Grade Credit

Rates / Credit

69.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.7 to 32.6		99	0.2%	60.6%	77	0.2%	54.5%	56	0.6%	75.0%
Q2 low	32.8 to 44.0		101	0.1%	52.5%	91	0.3%	58.2%	74	0.6%	62.2%
Q3 middle	44.2 to 56.2		102	0.5%	67.6%	96	0.7%	68.8%	81	1.3%	76.5%
Q4 high	56.3 to 68.8		104	0.8%	71.2%	102	1.2%	71.6%	96	2.6%	72.9%
Q5 highest	68.9 to 97.5	Current	106	0.9%	79.2%	106	1.7%	67.9%	105	2.3%	67.6%

Commodity / Currency

GLD Gold

Commodity / Currency

45.7 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.7 to 32.6		106	3.6%	81.1%	106	11.5%	97.2%	106	21.1%	100.0%
Q2 low	32.8 to 45.8	Current	105	2.3%	74.3%	97	11.9%	91.8%	94	18.3%	98.9%
Q3 middle	45.9 to 55.1		98	3.3%	70.4%	87	11.4%	85.1%	79	19.3%	96.2%
Q4 high	55.3 to 66.6		98	2.0%	59.2%	87	8.7%	74.7%	72	17.3%	91.7%
Q5 highest	66.7 to 98.4		105	2.1%	56.2%	95	1.1%	53.7%	61	14.6%	68.9%

SLV Silver

Commodity / Currency

45.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.3 to 29.1		106	6.0%	80.2%	106	14.9%	94.3%	106	47.0%	98.1%
Q2 low	29.3 to 44.0		106	2.1%	66.0%	102	10.3%	89.2%	102	21.9%	89.2%
Q3 middle	44.1 to 55.7	Current	101	2.4%	67.3%	93	7.6%	80.6%	87	24.8%	93.1%
Q4 high	55.8 to 68.7		95	2.0%	56.8%	78	7.4%	62.8%	66	17.5%	87.9%
Q5 highest	68.7 to 99.8		104	-0.4%	48.1%	93	-8.5%	28.0%	51	-2.6%	49.0%

USO Oil

Commodity / Currency

84.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	3.1 to 27.1		106	-1.8%	31.1%	106	-3.4%	38.7%	106	-1.0%	46.2%
Q2 low	27.2 to 40.1		106	-0.3%	47.2%	106	-0.8%	47.2%	106	0.3%	50.9%
Q3 middle	40.2 to 56.8		99	-0.4%	45.5%	96	-1.1%	45.8%	94	3.3%	59.6%
Q4 high	57.2 to 72.9		99	0.7%	56.6%	86	8.2%	73.3%	77	4.5%	68.8%
Q5 highest	73.1 to 99.6	Current	102	5.3%	64.7%	78	3.2%	64.1%	29	6.2%	65.5%

UUP Dollar

Commodity / Currency

7.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.0 to 30.2	Current	93	0.1%	51.6%	69	1.2%	69.6%	49	2.3%	65.3%
Q2 low	30.5 to 44.7		103	-0.3%	44.7%	97	0.9%	60.8%	79	1.7%	59.5%
Q3 middle	44.9 to 57.0		106	-0.1%	47.2%	103	0.7%	56.3%	96	2.1%	75.0%
Q4 high	57.2 to 69.3		104	0.2%	53.8%	102	1.4%	67.6%	95	2.2%	71.6%
Q5 highest	69.5 to 97.5		106	0.7%	61.3%	101	1.3%	70.3%	93	2.2%	75.3%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

76.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.8 to 30.1		106	1.5%	60.4%	104	2.4%	62.5%	101	4.9%	64.4%
Q2 low	30.1 to 44.8		105	3.1%	69.5%	99	6.9%	70.7%	86	8.8%	73.3%
Q3 middle	45.0 to 54.6		105	1.5%	61.0%	96	5.5%	66.7%	80	5.4%	56.2%
Q4 high	54.6 to 68.5		102	1.9%	58.8%	94	6.7%	69.1%	78	10.9%	70.5%
Q5 highest	69.0 to 98.9	Current	93	3.4%	64.5%	78	4.5%	67.9%	66	13.9%	78.8%

MSFT Microsoft

Single-Name Leadership

70.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.9 to 28.0		106	-0.4%	48.1%	106	-1.4%	45.3%	106	-5.3%	33.0%
Q2 low	28.1 to 42.4		106	-0.8%	45.3%	105	-0.4%	46.7%	105	-1.8%	44.8%
Q3 middle	42.5 to 56.3		107	-0.7%	46.7%	106	1.0%	54.7%	104	-1.9%	43.3%
Q4 high	56.4 to 71.8	Current	96	-1.2%	43.8%	83	0.4%	53.0%	70	6.7%	65.7%
Q5 highest	72.1 to 95.3		97	-1.6%	38.1%	72	1.5%	55.6%	27	-10.2%	25.9%

NVDA Nvidia

Single-Name Leadership

54.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.3 to 32.7		105	5.6%	65.7%	103	9.9%	81.6%	87	10.2%	82.8%
Q2 low	32.7 to 44.5		104	2.2%	57.7%	100	5.2%	64.0%	85	8.9%	75.3%
Q3 middle	44.6 to 54.7	Current	102	1.6%	58.8%	91	5.5%	68.1%	77	11.0%	83.1%
Q4 high	54.7 to 67.7		99	0.9%	54.5%	92	4.2%	62.0%	84	9.2%	81.0%
Q5 highest	67.8 to 96.6		102	-0.3%	49.0%	86	3.6%	54.7%	79	11.2%	87.3%

AMZN Amazon

Single-Name Leadership

79.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.8 to 28.2		106	3.2%	67.0%	102	7.7%	60.8%	99	2.7%	61.6%
Q2 low	28.4 to 45.5		106	2.8%	56.6%	98	2.3%	56.1%	88	7.2%	68.2%
Q3 middle	45.6 to 56.5		101	0.5%	52.5%	93	2.3%	59.1%	81	6.0%	66.7%
Q4 high	56.8 to 70.0		102	0.2%	51.0%	92	3.9%	62.0%	77	11.3%	72.7%
Q5 highest	70.1 to 97.9	Current	96	3.1%	65.6%	86	11.8%	75.6%	66	13.8%	80.3%

META Meta

Single-Name Leadership

78.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	2.9 to 30.6		106	2.6%	65.1%	105	6.3%	68.6%	104	-1.5%	46.2%
Q2 low	30.6 to 44.2		105	-1.4%	41.0%	99	3.1%	57.6%	89	2.5%	53.9%
Q3 middle	44.4 to 56.0		103	-2.0%	46.6%	100	0.1%	50.0%	90	5.3%	58.9%
Q4 high	56.2 to 69.5		101	-0.4%	49.5%	86	-1.7%	45.3%	66	3.8%	57.6%
Q5 highest	69.6 to 98.8	Current	97	3.2%	60.8%	82	5.5%	68.3%	63	6.8%	63.5%

GOOGL Alphabet

Single-Name Leadership

91.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	1.6 to 28.9		106	2.9%	63.2%	106	4.7%	61.3%	106	5.5%	69.8%
Q2 low	29.0 to 44.6		106	3.9%	65.1%	104	16.5%	75.0%	99	23.3%	78.8%
Q3 middle	44.6 to 55.1		107	1.5%	57.9%	103	12.4%	66.0%	84	16.4%	72.6%
Q4 high	55.2 to 71.0		98	3.7%	60.2%	90	17.1%	74.4%	72	23.1%	83.3%
Q5 highest	71.1 to 98.2	Current	95	1.1%	52.6%	69	15.9%	82.6%	51	26.3%	90.2%

TSLA Tesla

Single-Name Leadership

89.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	4.1 to 31.0		103	2.3%	60.2%	102	11.5%	61.8%	86	13.6%	66.3%
Q2 low	31.1 to 44.1		106	1.9%	53.8%	102	6.5%	65.7%	81	17.3%	63.0%
Q3 middle	44.1 to 55.9		107	2.4%	57.9%	90	6.3%	64.4%	73	13.6%	64.4%
Q4 high	55.9 to 69.3		97	-1.9%	43.3%	88	7.5%	65.9%	83	13.2%	57.8%
Q5 highest	69.5 to 97.9	Current	99	0.6%	53.5%	90	7.8%	65.6%	89	10.7%	58.4%

Low Calm / Pressure Rising

Measures when options are not calm and raw options pressure is broadening.

Exact calculation

100 - Calm Options Tape.

High reading means

The tape is less calm and option-market pressure is broadening.

Caveat

Useful as a pressure input, not a standalone direction signal.

Index / Market

SPY S&P 500

Index / Market

38.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.6 to 39.4	Current	96	0.2%	55.2%	95	-0.3%	47.4%	95	6.4%	84.2%
Q2 low	39.5 to 46.6		102	1.5%	68.6%	96	3.8%	76.0%	86	8.0%	89.5%
Q3 middle	46.6 to 53.0		106	1.5%	74.5%	93	5.2%	84.9%	82	8.2%	82.9%
Q4 high	53.0 to 60.1		103	1.8%	71.8%	93	6.6%	95.7%	75	9.3%	82.7%
Q5 highest	60.2 to 85.5		105	3.6%	80.0%	95	9.8%	98.9%	74	13.7%	81.1%

QQQ Nasdaq 100

Index / Market

46.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	19.8 to 39.7		105	0.5%	58.1%	105	1.9%	54.3%	96	10.1%	96.9%
Q2 low	39.8 to 47.2	Current	103	1.4%	63.1%	98	4.0%	70.4%	80	7.3%	88.8%
Q3 middle	47.3 to 53.1		101	1.9%	69.3%	91	5.7%	80.2%	75	7.1%	77.3%
Q4 high	53.2 to 58.7		102	2.3%	69.6%	89	7.8%	78.7%	78	10.5%	82.1%
Q5 highest	58.8 to 84.6		101	3.3%	79.2%	89	11.4%	89.9%	83	18.9%	84.3%

IWM Russell 2000

Index / Market

48.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.2 to 40.2		106	1.0%	65.1%	106	3.6%	69.8%	105	4.4%	64.8%
Q2 low	40.2 to 47.1		102	2.1%	71.6%	101	3.5%	63.4%	99	3.5%	64.6%
Q3 middle	47.2 to 53.5	Current	97	1.0%	58.8%	94	5.2%	72.3%	87	13.1%	77.0%
Q4 high	53.6 to 60.1		104	2.8%	67.3%	88	6.6%	85.2%	66	13.9%	81.8%
Q5 highest	60.2 to 79.7		103	4.6%	74.8%	83	12.3%	97.6%	55	21.9%	90.9%

DIA Dow Jones

Index / Market

45.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.3 to 37.8		97	1.5%	63.9%	93	4.4%	62.4%	91	5.4%	76.9%
Q2 low	37.8 to 45.5	Current	100	1.6%	68.0%	93	3.4%	66.7%	88	6.6%	75.0%
Q3 middle	45.6 to 54.4		106	1.7%	75.5%	91	3.2%	79.1%	78	5.8%	79.5%
Q4 high	54.5 to 61.6		103	1.5%	68.0%	93	4.8%	82.8%	78	7.4%	91.0%
Q5 highest	61.7 to 86.7		106	3.8%	91.5%	102	8.0%	92.2%	77	11.8%	94.8%

RSP Equal-Weight S&P 500

Index / Market

44.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.7 to 38.7		102	1.7%	68.6%	101	1.7%	65.3%	99	7.6%	87.9%
Q2 low	38.9 to 45.8	Current	99	1.5%	72.7%	92	2.1%	67.4%	87	7.2%	89.7%
Q3 middle	45.8 to 53.5		102	1.7%	66.7%	87	3.3%	81.6%	80	6.6%	85.0%
Q4 high	53.5 to 62.3		103	2.1%	70.9%	92	3.6%	82.6%	78	6.5%	80.8%
Q5 highest	62.5 to 82.6		106	2.8%	75.5%	100	6.1%	88.0%	68	6.3%	72.1%

VTI Total Market

Index / Market

51.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.3 to 39.9		105	1.7%	74.3%	100	4.3%	88.0%	93	6.9%	84.9%
Q2 low	40.0 to 46.6		100	1.1%	64.0%	93	2.4%	71.0%	92	8.5%	81.5%
Q3 middle	46.7 to 52.3	Current	103	1.4%	68.9%	90	3.8%	71.1%	75	8.0%	77.3%
Q4 high	52.3 to 60.1		98	1.4%	65.3%	90	5.8%	80.0%	75	8.5%	84.0%
Q5 highest	60.1 to 77.6		106	3.4%	78.3%	99	9.5%	90.9%	77	13.8%	84.4%

Sector / Industry

XLK Technology

Sector / Industry

61.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.3 to 40.3		106	-0.3%	46.2%	106	0.0%	50.0%	94	7.0%	72.3%
Q2 low	40.3 to 46.4		106	0.3%	51.9%	105	1.7%	59.0%	90	6.5%	81.1%
Q3 middle	46.4 to 53.1		102	2.0%	71.6%	97	5.7%	71.1%	82	8.7%	79.3%
Q4 high	53.1 to 59.0		104	2.4%	67.3%	97	10.4%	81.4%	83	13.5%	89.2%
Q5 highest	59.0 to 81.0	Current	94	3.7%	75.5%	67	13.0%	94.0%	63	19.4%	85.7%

XLY Consumer Discretionary

Sector / Industry

51.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.2 to 39.8		94	2.9%	72.3%	81	6.0%	82.7%	78	16.0%	74.4%
Q2 low	39.8 to 47.5		99	0.6%	58.6%	85	2.6%	69.4%	72	-0.9%	44.4%
Q3 middle	47.6 to 53.5	Current	106	1.4%	60.4%	94	3.9%	74.5%	82	2.5%	61.0%
Q4 high	53.6 to 60.0		106	0.6%	56.6%	105	4.4%	71.4%	87	3.3%	59.8%
Q5 highest	60.1 to 82.5		107	1.1%	60.7%	107	3.4%	61.7%	93	5.3%	60.2%

XLC Communication Services

Sector / Industry

37.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.7 to 41.8	Current	96	0.8%	60.4%	80	2.7%	65.0%	69	6.3%	87.0%
Q2 low	41.8 to 47.8		104	0.9%	57.7%	92	3.2%	72.8%	80	5.7%	80.0%
Q3 middle	47.8 to 51.7		100	1.3%	63.0%	92	2.6%	68.5%	78	8.7%	87.2%
Q4 high	51.7 to 57.9		104	0.3%	51.0%	100	1.5%	67.0%	85	7.9%	75.3%
Q5 highest	57.9 to 76.4		107	2.2%	70.1%	107	7.6%	79.4%	99	11.2%	90.9%

XLF Financials

Sector / Industry

54.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.2 to 38.1		101	0.1%	50.5%	74	0.2%	52.7%	64	2.7%	75.0%
Q2 low	38.2 to 46.3		101	1.1%	61.4%	94	2.4%	66.0%	80	5.2%	78.8%
Q3 middle	46.4 to 52.8		102	0.6%	56.9%	96	1.4%	62.5%	79	3.9%	69.6%
Q4 high	52.9 to 61.1	Current	102	2.3%	67.6%	102	5.7%	77.5%	87	5.7%	81.6%
Q5 highest	61.2 to 82.9		106	3.0%	72.6%	106	6.3%	94.3%	102	6.5%	72.5%

XLI Industrials

Sector / Industry

65.1 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.0 to 38.7		106	1.2%	61.3%	106	5.4%	73.6%	106	9.3%	92.5%
Q2 low	38.8 to 44.9		106	2.1%	69.8%	106	6.1%	80.2%	104	10.2%	91.3%
Q3 middle	44.9 to 52.1		106	1.4%	69.8%	106	2.8%	70.8%	105	11.2%	84.8%
Q4 high	52.3 to 61.9		103	1.2%	62.1%	98	4.8%	85.7%	77	12.1%	88.3%
Q5 highest	62.2 to 83.0	Current	90	3.5%	80.0%	55	5.4%	87.3%	19	10.4%	94.7%

XLE Energy

Sector / Industry

49.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	24.2 to 40.2		100	2.7%	66.0%	92	1.6%	55.4%	73	-2.6%	45.2%
Q2 low	40.2 to 46.4		97	1.4%	60.8%	78	2.9%	66.7%	63	1.9%	58.7%
Q3 middle	46.5 to 52.5	Current	103	-0.5%	44.7%	95	1.3%	57.9%	78	2.4%	64.1%
Q4 high	52.5 to 59.2		105	0.6%	53.3%	101	4.2%	67.3%	96	10.1%	88.5%
Q5 highest	59.2 to 86.0		107	1.8%	64.5%	106	4.4%	73.6%	102	7.9%	89.2%

XLB Materials

Sector / Industry

59.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.0 to 40.5		106	0.9%	56.6%	103	-2.2%	36.9%	103	2.4%	64.1%
Q2 low	40.5 to 48.5		105	0.7%	53.3%	100	2.7%	65.0%	91	3.3%	64.8%
Q3 middle	48.7 to 53.8		101	0.2%	52.5%	91	2.2%	62.6%	79	4.7%	72.2%
Q4 high	53.8 to 58.6		100	1.5%	61.0%	86	3.4%	62.8%	65	3.6%	73.8%
Q5 highest	58.6 to 78.3	Current	100	1.4%	58.0%	92	4.3%	70.7%	74	6.9%	78.4%

XLU Utilities

Sector / Industry

52.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.0 to 40.5		100	2.1%	73.0%	87	5.9%	75.9%	60	8.1%	98.3%
Q2 low	40.5 to 46.9		99	1.3%	58.6%	85	3.0%	70.6%	71	7.4%	94.4%
Q3 middle	46.9 to 52.4	Current	101	1.6%	67.3%	94	4.9%	75.5%	82	7.3%	96.3%
Q4 high	52.5 to 58.6		104	1.3%	61.5%	101	4.9%	79.2%	98	7.4%	89.8%
Q5 highest	58.6 to 86.9		107	-0.0%	48.6%	104	2.5%	60.6%	100	6.2%	87.0%

XLRE Real Estate

Sector / Industry

30.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.2 to 41.7	Current	97	0.4%	55.7%	87	1.0%	56.3%	69	0.5%	55.1%
Q2 low	41.8 to 46.8		102	0.4%	55.9%	93	0.7%	62.4%	80	4.1%	72.5%
Q3 middle	46.9 to 53.0		104	0.6%	58.7%	95	1.3%	61.1%	86	2.3%	68.6%
Q4 high	53.0 to 58.8		102	2.0%	72.5%	95	2.3%	65.3%	86	2.3%	72.1%
Q5 highest	58.9 to 75.7		107	0.8%	64.5%	102	1.3%	67.6%	91	0.7%	58.2%

XLV Health Care

Sector / Industry

59.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.6 to 38.4		104	2.4%	74.0%	91	3.4%	57.1%	91	-2.0%	41.8%
Q2 low	38.6 to 45.7		103	1.2%	68.0%	98	2.4%	67.3%	98	-2.5%	33.7%
Q3 middle	45.8 to 51.8		100	-0.2%	49.0%	93	1.8%	53.8%	90	-1.4%	45.6%
Q4 high	51.9 to 60.1	Current	100	-0.2%	49.0%	95	-1.3%	44.2%	79	-3.0%	40.5%
Q5 highest	60.2 to 86.9		105	-0.8%	41.0%	95	0.5%	53.7%	54	5.0%	70.4%

XLP Consumer Staples

Sector / Industry

62.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	25.2 to 42.2		106	-0.1%	48.1%	105	0.8%	57.1%	95	6.4%	80.0%
Q2 low	42.3 to 47.5		106	0.5%	55.7%	100	0.9%	60.0%	93	3.0%	74.2%
Q3 middle	47.5 to 52.2		105	0.5%	53.3%	91	-0.3%	48.4%	78	2.2%	73.1%
Q4 high	52.2 to 57.5		102	0.7%	60.8%	93	1.0%	68.8%	72	0.7%	62.5%
Q5 highest	57.5 to 78.3	Current	93	1.1%	68.8%	83	0.6%	61.4%	74	1.6%	63.5%

SMH Semiconductors

Sector / Industry

55.6 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	22.7 to 43.1		106	1.0%	52.8%	106	-0.3%	48.1%	104	8.3%	70.2%
Q2 low	43.2 to 48.6		106	1.4%	60.4%	105	11.0%	75.2%	92	25.9%	73.9%
Q3 middle	48.7 to 53.0		104	3.4%	66.3%	99	14.4%	84.8%	84	26.8%	83.3%
Q4 high	53.0 to 57.5	Current	93	4.3%	78.5%	86	16.7%	89.5%	72	31.0%	87.5%
Q5 highest	57.5 to 75.5		103	5.3%	73.8%	76	16.1%	86.8%	60	34.7%	86.7%

XHB Homebuilders

Sector / Industry

53.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.7 to 39.6		103	2.6%	55.3%	99	-0.3%	48.5%	87	3.4%	64.4%
Q2 low	39.8 to 45.8		106	0.2%	50.9%	100	-2.5%	43.0%	91	1.8%	54.9%
Q3 middle	45.9 to 52.3		105	-1.5%	41.0%	93	-4.2%	38.7%	87	-3.9%	34.5%
Q4 high	52.3 to 60.5	Current	97	0.6%	51.5%	87	-1.1%	47.1%	80	-4.8%	35.0%
Q5 highest	60.6 to 83.5		101	3.5%	70.3%	93	3.8%	59.1%	67	-1.3%	47.8%

KRE Regional Banks

Sector / Industry

57.7 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.6 to 39.9		101	3.7%	65.3%	93	2.2%	68.8%	83	11.0%	91.6%
Q2 low	40.0 to 46.9		101	3.1%	58.4%	92	4.8%	65.2%	83	9.2%	81.9%
Q3 middle	47.0 to 53.1		105	0.3%	51.4%	94	4.2%	63.8%	76	3.0%	59.2%
Q4 high	53.2 to 60.7	Current	99	3.6%	65.7%	89	9.1%	69.7%	75	9.7%	78.7%
Q5 highest	60.7 to 76.6		106	3.8%	61.3%	104	7.7%	75.0%	95	10.1%	81.1%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

28.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.9 to 37.8	Current	90	-1.0%	33.3%	61	-1.8%	18.0%	28	-1.6%	21.4%
Q2 low	38.1 to 46.1		102	-0.2%	43.1%	93	-0.7%	31.2%	77	-1.6%	28.6%
Q3 middle	46.2 to 54.1		106	0.8%	61.3%	104	0.1%	52.9%	95	-1.0%	38.9%
Q4 high	54.4 to 62.5		106	1.0%	58.5%	106	0.4%	52.8%	104	-0.2%	48.1%
Q5 highest	62.6 to 76.2		107	-0.0%	49.5%	107	1.8%	57.0%	107	1.6%	59.8%

IEF Intermediate Treasury

Rates / Credit

41.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	16.9 to 38.8		96	-0.0%	49.0%	82	-0.1%	48.8%	43	-0.3%	39.5%
Q2 low	38.8 to 45.4	Current	102	0.2%	59.8%	87	0.7%	77.0%	74	0.5%	60.8%
Q3 middle	45.4 to 52.6		103	0.7%	72.8%	93	1.1%	73.1%	86	2.3%	75.6%
Q4 high	52.8 to 61.3		104	0.6%	66.3%	103	1.2%	68.0%	102	2.7%	74.5%
Q5 highest	61.4 to 79.3		107	0.5%	57.0%	107	0.7%	59.8%	107	2.5%	78.5%

HYG High Yield Credit

Rates / Credit

36.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	20.1 to 39.4	Current	92	0.4%	71.7%	69	1.0%	87.0%	47	2.0%	97.9%
Q2 low	39.5 to 46.1		101	0.3%	65.3%	88	1.2%	90.9%	68	2.4%	98.5%
Q3 middle	46.2 to 52.8		105	0.6%	71.4%	101	1.6%	92.1%	90	3.5%	95.6%
Q4 high	52.9 to 60.4		106	0.8%	80.2%	106	1.9%	91.5%	102	3.8%	98.0%
Q5 highest	60.5 to 79.3		107	1.3%	89.7%	107	2.6%	95.3%	104	4.1%	99.0%

LQD Investment Grade Credit

Rates / Credit

31.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	18.2 to 37.0	Current	90	0.0%	54.4%	62	-0.2%	38.7%	32	-0.2%	46.9%
Q2 low	37.3 to 46.3		103	0.2%	55.3%	92	0.1%	54.3%	72	0.1%	52.8%
Q3 middle	46.3 to 54.6		106	0.6%	73.6%	105	0.7%	64.8%	95	0.5%	62.1%
Q4 high	54.7 to 62.3		106	0.9%	69.8%	106	1.2%	68.9%	106	2.6%	76.4%
Q5 highest	62.3 to 82.0		107	0.9%	76.6%	107	2.3%	85.0%	107	4.2%	91.6%

Commodity / Currency

GLD Gold

Commodity / Currency

74.1 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.1 to 39.0		106	5.5%	83.0%	106	16.5%	94.3%	102	22.4%	87.3%
Q2 low	39.0 to 46.5		106	2.5%	72.6%	106	12.1%	84.0%	98	17.9%	89.8%
Q3 middle	46.6 to 52.6		107	3.8%	79.4%	106	8.3%	84.9%	94	19.3%	93.6%
Q4 high	52.6 to 60.0		106	1.9%	67.0%	103	4.8%	73.8%	88	19.0%	100.0%
Q5 highest	60.1 to 84.2	Current	87	-2.5%	33.3%	51	0.5%	52.9%	30	16.1%	100.0%

SLV Silver

Commodity / Currency

76.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	17.9 to 34.6		106	5.0%	81.1%	106	16.3%	97.2%	106	56.0%	100.0%
Q2 low	34.6 to 43.0		106	3.1%	74.5%	106	11.0%	90.6%	106	23.8%	99.1%
Q3 middle	43.1 to 52.1		107	3.6%	68.2%	107	6.3%	73.8%	107	10.9%	84.1%
Q4 high	52.3 to 67.7		104	0.8%	51.9%	86	6.5%	68.6%	69	6.1%	81.2%
Q5 highest	67.8 to 82.4	Current	89	-3.1%	39.3%	67	-13.2%	6.0%	24	-26.1%	8.3%

USO Oil

Commodity / Currency

44.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.0 to 42.0		105	-1.9%	39.0%	105	-0.9%	45.7%	100	-0.3%	49.0%
Q2 low	42.0 to 48.4	Current	100	-1.3%	40.0%	98	0.8%	54.1%	93	2.4%	58.1%
Q3 middle	48.4 to 53.0		100	0.8%	58.0%	96	1.6%	54.2%	81	5.0%	65.4%
Q4 high	53.0 to 57.7		100	0.7%	53.0%	80	-0.6%	46.2%	66	-0.2%	48.5%
Q5 highest	57.7 to 78.2		107	1.7%	54.2%	93	3.3%	62.4%	72	1.7%	59.7%

UUP Dollar

Commodity / Currency

34.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	13.1 to 38.4	Current	94	0.8%	59.6%	69	1.6%	82.6%	34	1.5%	94.1%
Q2 low	38.4 to 46.1		102	-0.0%	48.0%	93	0.7%	60.2%	78	1.7%	83.3%
Q3 middle	46.2 to 53.3		104	0.2%	56.7%	100	1.6%	75.0%	91	2.7%	82.4%
Q4 high	53.4 to 62.4		105	0.0%	48.6%	103	0.5%	56.3%	102	3.4%	64.7%
Q5 highest	62.4 to 83.2		107	-0.2%	46.7%	107	0.3%	55.1%	107	-0.9%	47.7%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

60.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.3 to 38.9		106	2.2%	63.2%	89	6.6%	77.5%	82	12.2%	82.9%
Q2 low	38.9 to 46.4		105	3.0%	72.4%	98	4.1%	65.3%	89	5.7%	67.4%
Q3 middle	46.4 to 52.9		103	2.8%	64.1%	92	4.4%	63.0%	84	2.4%	58.3%
Q4 high	53.1 to 61.0	Current	100	1.8%	56.0%	96	5.7%	66.7%	76	2.3%	55.3%
Q5 highest	61.1 to 82.0		97	1.4%	57.7%	96	4.1%	64.6%	80	17.4%	76.2%

MSFT Microsoft

Single-Name Leadership

57.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.3 to 39.3		105	-1.7%	35.2%	83	-3.1%	33.7%	76	1.0%	52.6%
Q2 low	39.3 to 46.5		101	-1.3%	42.6%	91	-3.4%	35.2%	72	-6.2%	40.3%
Q3 middle	46.5 to 53.6		99	-1.1%	43.4%	92	-0.8%	46.7%	78	-3.0%	33.3%
Q4 high	53.6 to 60.7	Current	102	-0.7%	45.1%	101	1.7%	58.4%	88	-4.0%	40.9%
Q5 highest	60.8 to 84.5		105	1.6%	56.2%	105	3.5%	73.3%	98	0.3%	50.0%

NVDA Nvidia

Single-Name Leadership

39.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.5 to 40.6	Current	98	1.8%	54.1%	79	4.7%	63.3%	64	13.1%	87.5%
Q2 low	40.6 to 47.0		101	1.3%	56.4%	90	6.7%	66.7%	77	9.8%	77.9%
Q3 middle	47.0 to 53.1		102	1.7%	58.8%	97	6.3%	63.9%	87	10.0%	79.3%
Q4 high	53.2 to 58.9		105	2.3%	61.0%	102	6.6%	73.5%	87	10.7%	89.7%
Q5 highest	59.0 to 79.8		106	2.1%	55.7%	104	4.6%	64.4%	97	9.1%	76.3%

AMZN Amazon

Single-Name Leadership

58.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	21.4 to 38.6		106	-0.6%	49.1%	91	-0.2%	49.5%	83	1.9%	57.8%
Q2 low	38.6 to 46.5		102	2.0%	54.9%	94	0.0%	50.0%	83	6.4%	66.3%
Q3 middle	46.6 to 52.8		103	2.1%	60.2%	96	6.5%	66.7%	80	5.8%	70.0%
Q4 high	52.9 to 60.0	Current	98	2.6%	63.3%	91	10.8%	73.6%	74	10.6%	81.1%
Q5 highest	60.1 to 86.4		102	5.0%	65.7%	99	12.2%	71.7%	91	14.6%	71.4%

META Meta

Single-Name Leadership

52.1 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	19.1 to 39.9		106	-1.5%	38.7%	89	-0.1%	49.4%	80	-4.9%	33.8%
Q2 low	40.0 to 46.3		101	0.1%	50.5%	88	0.5%	51.1%	74	-1.6%	45.9%
Q3 middle	46.4 to 52.7	Current	101	1.5%	58.4%	96	-0.3%	49.0%	81	-1.1%	46.9%
Q4 high	52.8 to 60.4		98	1.4%	54.1%	95	4.7%	58.9%	79	14.2%	70.9%
Q5 highest	60.4 to 79.5		106	5.1%	61.3%	104	11.1%	78.8%	98	21.7%	73.5%

GOOGL Alphabet

Single-Name Leadership

40.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	14.9 to 37.1		106	5.8%	68.9%	106	21.8%	70.8%	106	56.9%	84.0%
Q2 low	37.5 to 47.5	Current	103	2.9%	65.0%	99	13.4%	70.7%	90	18.3%	67.8%
Q3 middle	47.7 to 54.5		106	2.6%	59.4%	93	10.7%	68.8%	85	13.6%	72.9%
Q4 high	54.7 to 61.2		98	1.3%	58.2%	83	13.8%	74.7%	61	13.4%	72.1%
Q5 highest	61.2 to 81.5		99	-0.3%	47.5%	91	7.6%	70.3%	70	16.1%	90.0%

TSLA Tesla

Single-Name Leadership

61.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	12.5 to 37.6		103	-2.6%	42.7%	72	3.5%	62.5%	38	1.3%	50.0%
Q2 low	37.7 to 46.7		102	3.2%	58.8%	96	10.9%	66.7%	78	14.4%	60.3%
Q3 middle	46.7 to 53.7		102	2.7%	61.8%	99	6.5%	63.6%	93	9.5%	59.1%
Q4 high	53.8 to 61.8		100	0.8%	55.0%	100	8.5%	66.0%	98	16.2%	66.3%
Q5 highest	61.9 to 88.7	Current	105	0.8%	51.4%	105	11.8%	63.8%	105	25.6%	65.7%

Low Gamma / More Movement

Measures how much stabilizing gamma/open-interest support is missing.

Exact calculation

100 - Gamma Stability.

High reading means

Price may move more freely through strikes.

Caveat

Low gamma does not tell direction by itself.

Index / Market

SPY S&P 500

Index / Market

33.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		100	0.3%	58.0%	100	1.5%	57.0%	95	3.8%	70.5%
Q2 low	19.9 to 39.7	Current	100	1.7%	71.0%	100	3.7%	80.0%	93	6.4%	73.1%
Q3 middle	39.8 to 59.8		104	1.8%	77.9%	96	4.6%	77.1%	82	8.4%	92.7%
Q4 high	60.0 to 79.7		104	1.5%	65.4%	91	6.6%	92.3%	74	10.4%	95.9%
Q5 highest	79.9 to 99.8		104	3.9%	78.8%	85	10.0%	100.0%	68	16.4%	95.6%

QQQ Nasdaq 100

Index / Market

21.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		105	0.7%	59.0%	104	1.7%	56.7%	94	7.2%	88.3%
Q2 low	19.9 to 39.7	Current	101	1.6%	68.3%	96	5.4%	79.2%	78	6.8%	83.3%
Q3 middle	39.8 to 59.8		103	1.5%	69.9%	95	6.8%	72.6%	79	8.5%	87.3%
Q4 high	60.0 to 79.7		98	2.3%	71.4%	85	7.6%	77.6%	76	11.2%	80.3%
Q5 highest	79.9 to 99.8		105	3.3%	70.5%	92	11.4%	85.9%	85	18.9%	91.8%

IWM Russell 2000

Index / Market

34.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	2.8%	78.3%	106	8.1%	87.7%	103	11.3%	77.7%
Q2 low	19.9 to 39.7	Current	105	2.4%	71.4%	104	4.0%	68.3%	98	4.4%	67.3%
Q3 middle	39.8 to 59.8		106	2.5%	64.2%	101	5.2%	73.3%	91	13.0%	69.2%
Q4 high	60.0 to 79.7		100	0.7%	55.0%	92	5.9%	75.0%	79	12.4%	75.9%
Q5 highest	79.9 to 99.8		95	2.5%	68.4%	69	6.2%	79.7%	41	13.0%	82.9%

DIA Dow Jones

Index / Market

32.7 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		101	1.8%	68.3%	96	4.6%	67.7%	93	6.8%	73.1%
Q2 low	19.9 to 39.7	Current	99	1.9%	71.7%	91	1.8%	62.6%	86	4.6%	72.1%
Q3 middle	39.8 to 59.8		102	1.6%	69.6%	89	2.9%	69.7%	77	5.4%	84.4%
Q4 high	60.0 to 79.7		103	2.1%	77.7%	91	4.9%	84.6%	72	7.3%	88.9%
Q5 highest	79.9 to 99.8		107	2.7%	80.4%	105	7.3%	97.1%	84	12.1%	98.8%

RSP Equal-Weight S&P 500

Index / Market

16.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7	Current	100	2.0%	75.0%	95	2.3%	72.6%	91	8.8%	97.8%
Q2 low	19.9 to 39.7		96	1.3%	65.6%	84	2.6%	66.7%	82	5.7%	85.4%
Q3 middle	39.8 to 59.8		103	2.2%	70.9%	86	2.9%	76.7%	80	6.8%	91.2%
Q4 high	60.0 to 79.7		106	1.3%	61.3%	100	3.6%	82.0%	72	7.6%	86.1%
Q5 highest	79.9 to 99.8		107	2.6%	81.3%	107	4.4%	84.1%	87	5.1%	58.6%

VTI Total Market

Index / Market

44.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		101	1.6%	67.3%	84	3.9%	72.6%	76	6.6%	75.0%
Q2 low	19.9 to 39.7		102	2.1%	76.5%	92	3.0%	68.5%	91	7.1%	78.0%
Q3 middle	39.8 to 59.8	Current	103	2.1%	79.6%	97	3.9%	76.3%	88	7.8%	80.7%
Q4 high	60.0 to 79.7		103	1.4%	64.1%	100	4.6%	88.0%	84	8.4%	83.3%
Q5 highest	79.9 to 99.8		103	1.2%	64.1%	99	8.7%	94.9%	73	12.0%	97.3%

Sector / Industry

XLK Technology

Sector / Industry

29.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		105	0.4%	52.4%	104	7.0%	65.4%	65	22.5%	83.1%
Q2 low	19.9 to 39.7	Current	97	1.5%	70.1%	93	4.0%	67.7%	77	2.4%	61.0%
Q3 middle	39.8 to 59.8		100	0.2%	50.0%	91	-0.4%	49.5%	87	6.7%	79.3%
Q4 high	60.0 to 79.7		103	3.4%	60.2%	96	9.4%	74.0%	95	17.2%	97.9%
Q5 highest	79.9 to 99.8		107	2.9%	77.6%	88	10.2%	89.8%	88	11.9%	80.7%

XLY Consumer Discretionary

Sector / Industry

2.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7	Current	86	0.9%	64.0%	51	2.8%	66.7%	35	-0.0%	48.6%
Q2 low	19.9 to 39.7		106	3.0%	67.9%	101	8.1%	83.2%	69	14.1%	69.6%
Q3 middle	39.8 to 59.8		107	2.6%	68.2%	107	9.1%	88.8%	97	17.4%	80.4%
Q4 high	60.0 to 79.7		106	0.5%	55.7%	106	2.9%	79.2%	104	1.4%	58.7%
Q5 highest	79.9 to 99.8		107	0.1%	52.3%	107	-2.7%	37.4%	107	-0.9%	41.1%

XLC Communication Services

Sector / Industry

4.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8	Current	87	1.3%	63.2%	68	4.9%	61.8%	52	10.5%	88.5%
Q2 low	20.0 to 39.7		105	-0.5%	48.6%	88	0.2%	51.1%	56	10.4%	94.6%
Q3 middle	39.9 to 59.7		106	1.7%	58.5%	102	4.1%	77.5%	97	9.9%	94.8%
Q4 high	59.9 to 79.7		106	2.6%	79.2%	106	6.4%	92.5%	106	8.3%	93.4%
Q5 highest	79.8 to 99.8		107	0.5%	53.3%	107	1.4%	65.4%	100	1.4%	56.0%

XLF Financials

Sector / Industry

74.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	1.4%	60.4%	70	1.1%	60.0%	59	3.3%	72.9%
Q2 low	19.9 to 39.7		103	1.5%	66.0%	100	3.1%	74.0%	75	3.0%	69.3%
Q3 middle	39.8 to 59.8		97	2.2%	64.9%	96	3.3%	71.9%	83	4.3%	75.9%
Q4 high	60.0 to 79.7	Current	100	0.7%	57.0%	100	3.8%	75.0%	90	3.7%	73.3%
Q5 highest	79.9 to 99.8		106	0.6%	61.3%	106	4.7%	75.5%	105	6.6%	82.9%

XLI Industrials

Sector / Industry

94.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8		106	1.6%	67.0%	106	7.3%	87.7%	105	10.3%	99.0%
Q2 low	20.0 to 39.7		106	2.0%	67.9%	106	7.2%	77.4%	103	10.7%	87.4%
Q3 middle	39.9 to 59.7		106	2.1%	68.9%	105	2.6%	68.6%	104	10.0%	76.9%
Q4 high	59.9 to 79.7		104	1.4%	68.3%	95	2.9%	78.9%	75	11.7%	93.3%
Q5 highest	79.8 to 99.8	Current	89	1.9%	69.7%	59	3.7%	81.4%	24	9.2%	100.0%

XLE Energy

Sector / Industry

34.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		95	5.1%	69.5%	66	14.3%	86.4%	42	21.8%	95.2%
Q2 low	19.9 to 39.7	Current	97	1.0%	60.8%	88	2.0%	63.6%	61	6.2%	65.6%
Q3 middle	39.8 to 59.8		107	0.1%	50.5%	105	2.0%	58.1%	99	4.5%	62.6%
Q4 high	60.0 to 79.7		106	0.9%	57.5%	106	2.0%	58.5%	103	2.3%	61.2%
Q5 highest	79.9 to 99.8		107	0.2%	52.3%	107	2.3%	63.6%	107	5.0%	85.0%

XLB Materials

Sector / Industry

58.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	3.6%	73.6%	105	3.1%	59.0%	86	9.9%	76.7%
Q2 low	19.9 to 39.7		105	-0.0%	49.5%	77	0.5%	50.6%	49	2.1%	61.2%
Q3 middle	39.8 to 59.8	Current	99	-0.2%	48.5%	89	-0.5%	48.3%	79	3.2%	75.9%
Q4 high	60.0 to 79.7		100	1.4%	57.0%	100	2.9%	62.0%	98	2.0%	66.3%
Q5 highest	79.9 to 99.8		102	0.3%	52.0%	101	2.9%	72.3%	100	4.8%	67.0%

XLU Utilities

Sector / Industry

17.9 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8	Current	93	1.5%	69.9%	58	7.6%	75.9%	34	6.7%	97.1%
Q2 low	20.0 to 39.7		99	0.4%	51.5%	94	2.0%	62.8%	60	7.1%	93.3%
Q3 middle	39.9 to 59.7		106	2.1%	70.8%	106	5.1%	78.3%	104	7.7%	90.4%
Q4 high	59.9 to 79.7		106	1.3%	61.3%	106	4.2%	83.0%	106	7.7%	93.4%
Q5 highest	79.8 to 99.8		107	0.4%	55.1%	107	2.7%	61.7%	107	6.2%	91.6%

XLRE Real Estate

Sector / Industry

74.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	1.1%	65.1%	104	1.4%	59.6%	101	2.4%	67.3%
Q2 low	19.9 to 39.7		105	0.9%	55.2%	103	2.3%	64.1%	94	3.7%	69.1%
Q3 middle	39.8 to 59.8		105	1.8%	63.8%	102	1.3%	63.7%	85	2.0%	67.1%
Q4 high	60.0 to 79.7	Current	93	0.4%	55.9%	87	1.0%	62.1%	70	1.5%	61.4%
Q5 highest	79.9 to 99.8		103	0.7%	67.0%	76	1.1%	64.5%	62	0.7%	59.7%

XLV Health Care

Sector / Industry

30.5 Q2 low

Current quintile 2; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		104	1.6%	65.4%	94	2.4%	61.7%	94	-2.1%	38.3%
Q2 low	19.9 to 39.7	Current	101	0.6%	54.5%	87	2.5%	59.8%	87	0.3%	50.6%
Q3 middle	39.8 to 59.8		100	1.2%	64.0%	98	2.5%	62.2%	98	-0.5%	48.0%
Q4 high	60.0 to 79.7		100	1.0%	62.0%	90	0.3%	51.1%	79	-3.2%	32.9%
Q5 highest	79.9 to 99.8		107	-1.0%	36.4%	103	-1.3%	42.7%	54	1.7%	53.7%

XLP Consumer Staples

Sector / Industry

75.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	0.3%	51.9%	99	1.1%	64.6%	48	6.1%	79.2%
Q2 low	19.9 to 39.7		106	0.7%	53.8%	83	2.2%	60.2%	81	7.6%	77.8%
Q3 middle	39.8 to 59.8		105	0.0%	50.5%	98	0.1%	51.0%	94	1.9%	62.8%
Q4 high	60.0 to 79.7	Current	97	1.0%	57.7%	95	0.0%	51.6%	94	1.9%	76.6%
Q5 highest	79.9 to 99.8		98	1.4%	72.4%	97	2.1%	68.0%	95	1.3%	65.3%

SMH Semiconductors

Sector / Industry

1.5 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7	Current	86	2.3%	64.0%	70	20.7%	77.1%	48	36.6%	85.4%
Q2 low	19.9 to 39.7		106	3.2%	66.0%	97	13.2%	75.3%	83	17.4%	78.3%
Q3 middle	39.8 to 59.8		107	3.0%	67.3%	101	14.4%	79.2%	95	30.5%	85.3%
Q4 high	60.0 to 79.7		106	2.9%	67.0%	102	12.5%	74.5%	92	29.0%	78.3%
Q5 highest	79.9 to 99.8		107	3.4%	65.4%	102	8.1%	72.5%	94	18.4%	71.3%

XHB Homebuilders

Sector / Industry

86.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		103	3.4%	56.3%	97	-0.8%	47.4%	89	2.5%	56.2%
Q2 low	19.9 to 39.7		106	1.6%	54.7%	102	-1.2%	47.1%	88	3.6%	62.5%
Q3 middle	39.8 to 59.8		100	0.9%	55.0%	90	1.6%	58.9%	83	0.8%	51.8%
Q4 high	60.0 to 79.7		99	-1.5%	38.4%	91	-3.7%	44.0%	84	-4.4%	35.7%
Q5 highest	79.9 to 99.8	Current	104	2.2%	63.5%	92	-4.4%	39.1%	68	-13.4%	26.5%

KRE Regional Banks

Sector / Industry

56.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		104	4.2%	67.3%	92	5.0%	71.7%	69	10.3%	88.4%
Q2 low	19.9 to 39.7		97	4.5%	70.1%	92	9.5%	85.9%	70	13.4%	94.3%
Q3 middle	39.8 to 59.8	Current	99	2.4%	61.6%	83	5.2%	68.7%	78	8.8%	76.9%
Q4 high	60.0 to 79.7		105	1.4%	55.2%	98	4.4%	57.1%	91	4.6%	61.5%
Q5 highest	79.9 to 99.8		107	-0.4%	48.6%	107	2.2%	61.7%	104	9.8%	78.8%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

11.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8	Current	86	-0.5%	36.0%	53	-0.7%	20.8%	28	-1.8%	14.3%
Q2 low	20.0 to 39.7		106	-0.4%	39.6%	99	-0.6%	40.4%	72	-1.3%	31.9%
Q3 middle	39.9 to 59.7		106	0.6%	55.7%	106	-0.8%	37.7%	98	-1.3%	34.7%
Q4 high	59.9 to 79.7		106	0.4%	53.8%	106	1.0%	57.5%	106	2.2%	64.2%
Q5 highest	79.8 to 99.8		107	0.9%	60.7%	107	1.7%	56.1%	107	-0.9%	46.7%

IEF Intermediate Treasury

Rates / Credit

37.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	-0.0%	47.2%	80	-0.1%	46.2%	36	-0.6%	8.3%
Q2 low	19.9 to 39.7	Current	92	0.4%	60.9%	79	0.5%	65.8%	63	0.3%	58.7%
Q3 middle	39.8 to 59.8		101	0.6%	66.3%	100	1.2%	80.0%	100	2.5%	82.0%
Q4 high	60.0 to 79.7		106	0.9%	69.8%	106	1.1%	67.0%	106	1.9%	67.0%
Q5 highest	79.9 to 99.8		107	0.5%	61.7%	107	1.3%	64.5%	107	3.0%	87.9%

HYG High Yield Credit

Rates / Credit

26.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8		99	0.3%	68.7%	83	0.8%	86.7%	53	1.9%	100.0%
Q2 low	20.0 to 39.7	Current	94	0.4%	69.1%	73	1.6%	90.4%	53	2.4%	94.3%
Q3 middle	39.9 to 59.7		105	0.9%	78.1%	102	1.8%	99.0%	93	3.7%	97.8%
Q4 high	59.9 to 79.7		106	0.9%	84.0%	106	1.8%	91.5%	105	3.8%	96.2%
Q5 highest	79.8 to 99.8		107	0.8%	78.5%	107	2.1%	89.7%	107	3.6%	100.0%

LQD Investment Grade Credit

Rates / Credit

23.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		95	0.1%	55.8%	68	-0.1%	47.1%	29	-0.3%	48.3%
Q2 low	19.9 to 39.7	Current	97	0.3%	64.9%	85	0.7%	65.9%	69	0.5%	63.8%
Q3 middle	39.8 to 59.8		107	0.6%	66.4%	106	0.4%	57.5%	101	0.4%	64.4%
Q4 high	60.0 to 79.7		106	0.7%	65.1%	106	0.8%	62.3%	106	1.7%	66.0%
Q5 highest	79.9 to 99.8		107	1.1%	78.5%	107	1.9%	85.0%	107	3.5%	91.6%

Commodity / Currency

GLD Gold

Commodity / Currency

98.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	5.8%	80.2%	106	15.2%	84.9%	94	15.9%	79.8%
Q2 low	19.9 to 39.7		106	2.3%	73.6%	106	10.9%	79.2%	87	23.9%	93.1%
Q3 middle	39.8 to 59.8		107	2.0%	68.2%	105	9.6%	82.9%	91	23.4%	95.6%
Q4 high	60.0 to 79.7		106	0.1%	51.9%	86	6.8%	79.1%	77	19.1%	100.0%
Q5 highest	79.9 to 99.8	Current	87	2.6%	67.8%	69	7.7%	76.8%	63	14.3%	100.0%

SLV Silver

Commodity / Currency

94.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		106	5.2%	81.1%	106	16.6%	95.3%	106	50.6%	99.1%
Q2 low	19.9 to 39.7		106	4.0%	77.4%	106	13.9%	91.5%	103	43.8%	99.0%
Q3 middle	39.8 to 59.8		107	3.0%	61.7%	102	4.6%	65.7%	82	10.9%	87.8%
Q4 high	60.0 to 79.7		106	-0.1%	48.1%	87	-1.5%	44.8%	60	7.8%	83.3%
Q5 highest	79.9 to 99.8	Current	87	-1.4%	48.3%	71	1.6%	52.1%	61	-0.1%	49.2%

USO Oil

Commodity / Currency

19.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7	Current	90	-0.2%	48.9%	62	2.8%	61.3%	49	-4.0%	42.9%
Q2 low	19.9 to 39.7		102	0.1%	50.0%	93	1.5%	53.8%	69	7.5%	65.2%
Q3 middle	39.8 to 59.8		107	-0.2%	49.5%	104	4.1%	61.5%	90	3.9%	55.6%
Q4 high	60.0 to 79.7		106	0.1%	50.0%	106	1.5%	53.8%	99	2.1%	61.6%
Q5 highest	79.9 to 99.8		107	-0.7%	45.8%	107	-3.0%	36.4%	105	0.3%	51.4%

UUP Dollar

Commodity / Currency

10.5 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7	Current	99	0.1%	55.6%	85	2.4%	91.8%	47	2.0%	97.9%
Q2 low	19.9 to 39.7		93	0.8%	60.2%	67	0.3%	55.2%	63	1.6%	95.2%
Q3 middle	39.8 to 59.8		107	0.8%	58.9%	107	1.4%	78.5%	92	3.1%	90.2%
Q4 high	60.0 to 79.7		106	0.0%	49.1%	106	0.6%	55.7%	103	2.9%	53.4%
Q5 highest	79.9 to 99.8		107	-0.6%	36.4%	107	-1.8%	43.9%	107	-2.3%	42.1%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

92.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8		106	1.7%	65.1%	100	3.3%	70.0%	97	5.9%	59.8%
Q2 low	20.0 to 39.7		105	1.7%	61.9%	96	5.0%	70.8%	95	7.2%	64.2%
Q3 middle	39.9 to 59.7		104	3.1%	68.3%	96	3.5%	61.5%	87	6.4%	73.6%
Q4 high	59.9 to 79.7		98	2.2%	58.2%	82	4.7%	61.0%	62	6.6%	66.1%
Q5 highest	79.8 to 99.8	Current	98	2.3%	60.2%	97	7.4%	72.2%	70	22.7%	80.0%

MSFT Microsoft

Single-Name Leadership

36.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		95	-2.8%	29.5%	60	-1.4%	43.3%	39	3.0%	64.1%
Q2 low	19.9 to 39.7	Current	101	-0.7%	45.5%	97	-3.4%	39.2%	74	-4.6%	44.6%
Q3 middle	39.8 to 59.8		103	0.5%	53.4%	102	-1.5%	43.1%	92	-6.5%	28.3%
Q4 high	60.0 to 79.7		106	-0.4%	48.1%	106	0.4%	51.9%	103	-3.4%	35.9%
Q5 highest	79.9 to 99.8		107	-0.6%	44.9%	107	4.4%	71.0%	104	5.2%	56.7%

NVDA Nvidia

Single-Name Leadership

79.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		104	-0.8%	47.1%	102	-2.2%	44.1%	97	11.5%	78.4%
Q2 low	19.9 to 39.7		105	1.8%	59.0%	102	9.8%	68.6%	93	14.2%	84.9%
Q3 middle	39.8 to 59.8		106	2.9%	67.9%	103	8.5%	78.6%	87	11.3%	86.2%
Q4 high	60.0 to 79.7	Current	101	3.5%	65.3%	84	8.1%	72.6%	70	9.4%	81.4%
Q5 highest	79.9 to 99.8		96	-0.8%	45.8%	81	6.0%	70.4%	65	6.5%	76.9%

AMZN Amazon

Single-Name Leadership

52.0 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.8		103	1.9%	59.2%	93	1.5%	55.9%	77	9.3%	76.6%
Q2 low	20.0 to 39.7		103	2.1%	57.3%	91	2.6%	57.1%	68	5.2%	69.1%
Q3 middle	39.9 to 59.7	Current	98	2.0%	58.2%	87	6.2%	63.2%	73	5.6%	71.2%
Q4 high	59.9 to 79.7		102	3.2%	67.6%	96	8.4%	71.9%	92	7.3%	68.5%
Q5 highest	79.8 to 99.8		105	0.5%	50.5%	104	7.2%	63.5%	101	7.2%	62.4%

META Meta

Single-Name Leadership

37.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		104	1.0%	51.9%	79	0.4%	53.2%	70	-4.5%	30.0%
Q2 low	19.9 to 39.7	Current	92	-1.4%	47.8%	80	-4.3%	38.8%	52	0.0%	50.0%
Q3 middle	39.8 to 59.8		103	-0.6%	47.6%	100	3.1%	56.0%	83	7.1%	60.2%
Q4 high	60.0 to 79.7		106	1.2%	56.6%	106	5.6%	63.2%	101	7.9%	57.4%
Q5 highest	79.9 to 99.8		107	1.9%	57.9%	107	9.0%	72.9%	106	13.9%	67.9%

GOOGL Alphabet

Single-Name Leadership

15.6 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7	Current	104	6.9%	79.8%	103	30.4%	84.5%	100	65.4%	91.0%
Q2 low	19.9 to 39.7		104	4.5%	65.4%	95	11.9%	68.4%	89	17.3%	73.0%
Q3 middle	39.8 to 59.8		102	3.9%	71.6%	98	10.8%	75.5%	81	11.9%	69.1%
Q4 high	60.0 to 79.7		99	0.3%	51.5%	91	11.4%	71.4%	68	14.7%	76.5%
Q5 highest	79.9 to 99.8		103	-4.0%	31.1%	85	1.4%	51.8%	74	7.8%	74.3%

TSLA Tesla

Single-Name Leadership

90.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.0 to 19.7		104	3.9%	59.6%	91	13.1%	67.0%	81	22.8%	67.9%
Q2 low	19.9 to 39.7		105	2.2%	56.2%	93	6.8%	73.1%	75	14.3%	65.3%
Q3 middle	39.8 to 59.8		103	0.3%	50.5%	91	8.4%	71.4%	74	17.5%	64.9%
Q4 high	60.0 to 79.7		101	2.4%	59.4%	98	9.6%	64.3%	86	15.8%	68.6%
Q5 highest	79.9 to 99.8	Current	99	-3.1%	43.4%	99	-1.2%	48.5%	96	-2.0%	45.8%

Macro-Options Pressure

Measures whether rates, credit, and financial-sector option risk are transmitting macro pressure.

Exact calculation

Near-Term Path Risk for HYG, LQD, TLT, IEF, KRE, and XLF; blank for symbols outside that macro/rates/credit/financials set.

High reading means

Macro-sensitive options markets are showing rougher path risk.

Caveat

Only populated for macro bridge symbols.

Sector / Industry

XLF Financials

Sector / Industry

40.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.5 to 36.4		102	0.8%	56.9%	79	-0.1%	49.4%	73	2.7%	69.9%
Q2 low	36.4 to 45.1	Current	99	1.3%	57.6%	86	2.3%	65.1%	79	4.1%	73.4%
Q3 middle	45.1 to 54.5		102	1.3%	61.8%	98	1.9%	69.4%	83	4.2%	75.9%
Q4 high	54.5 to 63.2		103	1.2%	61.2%	103	4.1%	78.6%	86	4.8%	79.1%
Q5 highest	63.2 to 90.1		106	3.1%	71.7%	106	6.3%	90.6%	91	7.6%	78.0%

KRE Regional Banks

Sector / Industry

47.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 36.1		100	4.1%	67.0%	89	2.4%	69.7%	79	11.2%	91.1%
Q2 low	36.2 to 44.9		99	1.3%	55.6%	84	3.6%	63.1%	77	7.8%	75.3%
Q3 middle	44.9 to 53.2	Current	103	1.5%	54.4%	93	4.7%	62.4%	77	5.8%	72.7%
Q4 high	53.2 to 63.4		105	3.7%	69.5%	101	8.3%	70.3%	84	7.1%	70.2%
Q5 highest	63.6 to 92.5		105	2.1%	55.2%	105	6.0%	76.2%	95	10.7%	84.2%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

13.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	10.7 to 32.9	Current	90	-1.0%	27.8%	60	-1.3%	18.3%	27	-2.3%	18.5%
Q2 low	32.9 to 44.7		102	0.0%	51.0%	96	-0.4%	40.6%	80	-1.0%	36.2%
Q3 middle	45.0 to 55.5		106	0.9%	65.1%	104	-0.4%	45.2%	95	-1.2%	37.9%
Q4 high	55.6 to 67.2		106	-0.2%	47.2%	104	1.6%	58.7%	103	0.2%	50.5%
Q5 highest	67.3 to 88.3		107	0.6%	54.2%	107	0.2%	50.5%	106	1.3%	53.8%

IEF Intermediate Treasury

Rates / Credit

40.9 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	15.2 to 37.1		99	-0.1%	45.5%	82	-0.0%	48.8%	44	-0.2%	45.5%
Q2 low	37.2 to 45.1	Current	99	0.6%	71.7%	94	1.2%	73.4%	83	1.3%	65.1%
Q3 middle	45.2 to 53.5		103	0.4%	64.1%	91	1.0%	74.7%	85	2.0%	68.2%
Q4 high	53.5 to 62.6		105	0.7%	65.7%	100	1.1%	73.0%	98	3.1%	77.6%
Q5 highest	62.8 to 86.1		106	0.4%	58.5%	105	0.5%	56.2%	102	2.3%	77.5%

HYG High Yield Credit

Rates / Credit

33.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 36.3	Current	91	0.3%	72.5%	61	1.0%	80.3%	47	1.9%	97.9%
Q2 low	36.3 to 46.2		102	0.5%	64.7%	96	1.1%	94.8%	75	2.4%	96.0%
Q3 middle	46.3 to 54.2		105	0.6%	75.2%	102	1.7%	91.2%	88	3.6%	97.7%
Q4 high	54.2 to 63.9		106	0.8%	78.3%	105	1.9%	91.4%	99	3.7%	99.0%
Q5 highest	64.0 to 88.8		107	1.4%	87.9%	107	2.6%	96.3%	102	4.3%	98.0%

LQD Investment Grade Credit

Rates / Credit

43.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	11.5 to 34.5		96	0.0%	54.2%	66	-0.3%	37.9%	37	0.1%	59.5%
Q2 low	34.7 to 45.6	Current	98	0.1%	53.1%	91	0.1%	51.6%	71	-0.1%	46.5%
Q3 middle	45.6 to 56.0		105	1.0%	74.3%	102	0.8%	72.5%	94	0.9%	71.3%
Q4 high	56.1 to 64.8		106	0.7%	71.7%	106	1.1%	69.8%	103	2.5%	70.9%
Q5 highest	64.9 to 92.5		107	1.1%	76.6%	107	2.2%	80.4%	107	4.1%	89.7%

Put/Call Volume Ratio Percentile

Measures whether put trading is high versus call trading.

Exact calculation

Percentile rank of Put/Call Volume Ratio within the same symbol's history. Raw ratio = put volume / call volume.

High reading means

More put demand is showing up in current trading volume.

Caveat

Can reflect hedging or speculation; confirm with open interest and IV.

Index / Market

SPY S&P 500

Index / Market

66.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.2%	74.8%	90	4.5%	70.0%	86	8.7%	93.0%
Q2 low	20.1 to 39.8		101	1.7%	68.3%	96	3.9%	80.2%	88	8.9%	94.3%
Q3 middle	40.0 to 60.0		104	1.8%	69.2%	97	4.6%	80.4%	90	7.4%	75.6%
Q4 high	60.2 to 79.9	Current	97	1.0%	64.9%	87	4.2%	80.5%	72	7.7%	77.8%
Q5 highest	80.1 to 100.0		107	2.6%	73.8%	102	6.8%	90.2%	76	8.3%	78.9%

QQQ Nasdaq 100

Index / Market

58.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.0%	62.1%	94	4.0%	60.6%	87	11.9%	93.1%
Q2 low	20.1 to 39.8		99	0.8%	62.6%	91	6.8%	73.6%	83	12.7%	95.2%
Q3 middle	40.0 to 60.0	Current	103	2.9%	72.8%	90	7.3%	75.6%	77	8.2%	89.6%
Q4 high	60.2 to 79.9		103	2.5%	70.9%	96	7.6%	80.2%	82	9.0%	75.6%
Q5 highest	80.1 to 100.0		104	1.8%	70.2%	101	5.1%	79.2%	83	6.2%	78.3%

IWM Russell 2000

Index / Market

83.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.2%	62.3%	105	4.2%	65.7%	104	3.9%	60.6%
Q2 low	20.1 to 39.8		103	2.2%	72.8%	97	3.3%	68.0%	96	5.8%	67.7%
Q3 middle	40.0 to 60.0		102	1.7%	65.7%	93	4.9%	77.4%	81	11.5%	72.8%
Q4 high	60.2 to 79.9		99	2.6%	66.7%	85	7.0%	89.4%	68	13.7%	88.2%
Q5 highest	80.1 to 100.0	Current	102	4.4%	70.6%	92	10.8%	85.9%	63	17.8%	88.9%

DIA Dow Jones

Index / Market

64.8 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	2.3%	74.5%	85	5.0%	75.3%	82	9.5%	84.1%
Q2 low	20.1 to 39.8		95	1.9%	72.6%	86	4.7%	75.6%	76	9.2%	80.3%
Q3 middle	40.0 to 60.0		106	1.7%	72.6%	99	4.8%	77.8%	85	6.6%	76.5%
Q4 high	60.2 to 79.9	Current	103	2.5%	68.0%	98	5.3%	83.7%	81	6.5%	84.0%
Q5 highest	80.1 to 100.0		106	2.2%	80.2%	104	4.1%	72.1%	88	7.0%	89.8%

RSP Equal-Weight S&P 500

Index / Market

68.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		100	1.5%	65.0%	93	1.8%	68.8%	83	5.9%	79.5%
Q2 low	20.1 to 39.8		103	2.1%	74.8%	92	2.3%	69.6%	83	7.1%	86.7%
Q3 middle	40.0 to 60.0		105	2.2%	75.2%	98	3.7%	79.6%	82	6.5%	79.3%
Q4 high	60.2 to 79.9	Current	99	2.0%	73.7%	91	4.3%	86.8%	76	7.8%	86.8%
Q5 highest	80.1 to 100.0		105	1.5%	65.7%	98	4.8%	79.6%	88	7.1%	86.4%

VTI Total Market

Index / Market

31.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	1.3%	66.7%	101	4.3%	83.2%	98	9.4%	91.8%
Q2 low	20.1 to 39.8	Current	102	2.1%	75.5%	96	3.9%	75.0%	93	9.1%	83.9%
Q3 middle	40.0 to 60.0		103	1.7%	70.9%	100	5.3%	80.0%	91	8.9%	90.1%
Q4 high	60.2 to 79.9		98	1.9%	71.4%	87	4.8%	81.6%	74	7.9%	74.3%
Q5 highest	80.1 to 100.0		104	1.7%	67.3%	88	5.9%	83.0%	56	4.3%	62.5%

Sector / Industry

XLK Technology

Sector / Industry

75.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	1.0%	59.8%	91	4.9%	63.7%	81	9.4%	86.4%
Q2 low	20.1 to 39.8		104	1.8%	58.7%	96	3.4%	63.5%	83	8.4%	72.3%
Q3 middle	40.0 to 60.0		106	1.4%	65.1%	97	5.9%	71.1%	83	8.9%	79.5%
Q4 high	60.2 to 79.9	Current	99	2.6%	66.7%	90	7.1%	74.4%	82	9.8%	81.7%
Q5 highest	80.1 to 100.0		101	1.2%	60.4%	98	8.0%	72.4%	83	11.9%	85.5%

XLY Consumer Discretionary

Sector / Industry

86.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		101	0.8%	62.4%	86	1.7%	54.7%	81	-0.7%	46.9%
Q2 low	20.1 to 39.8		102	0.9%	59.8%	95	4.5%	71.6%	86	2.9%	55.8%
Q3 middle	40.0 to 60.0		105	1.4%	63.8%	101	6.3%	78.2%	92	9.4%	66.3%
Q4 high	60.2 to 79.9		105	2.2%	63.8%	102	5.3%	75.5%	93	4.0%	64.5%
Q5 highest	80.1 to 100.0	Current	99	0.5%	57.6%	88	3.5%	75.0%	60	6.3%	68.3%

XLC Communication Services

Sector / Industry

23.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		105	1.4%	60.0%	94	2.6%	72.3%	90	4.5%	74.4%
Q2 low	20.2 to 39.9	Current	96	0.7%	56.2%	88	3.0%	67.0%	81	7.8%	81.5%
Q3 middle	40.1 to 59.9		104	1.3%	62.5%	96	3.5%	77.1%	83	7.7%	86.7%
Q4 high	60.1 to 79.8		105	1.8%	63.8%	99	4.7%	75.8%	86	9.4%	90.7%
Q5 highest	80.0 to 100.0		101	0.9%	59.4%	94	1.9%	61.7%	71	10.5%	88.7%

XLF Financials

Sector / Industry

46.1 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		101	0.1%	52.5%	90	2.2%	66.7%	81	3.4%	80.2%
Q2 low	20.1 to 39.8		99	1.4%	62.6%	90	3.3%	71.1%	81	4.8%	81.5%
Q3 middle	40.0 to 60.0	Current	103	1.3%	64.1%	94	2.8%	63.8%	81	3.3%	64.2%
Q4 high	60.2 to 79.9		104	1.8%	65.4%	100	3.5%	76.0%	89	5.0%	76.4%
Q5 highest	80.1 to 100.0		105	2.4%	64.8%	98	4.2%	81.6%	80	5.3%	75.0%

XLI Industrials

Sector / Industry

40.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		100	2.4%	73.0%	93	5.0%	74.2%	83	10.1%	88.0%
Q2 low	20.2 to 39.9		105	1.8%	64.8%	102	5.0%	74.5%	92	10.8%	89.1%
Q3 middle	40.1 to 59.9	Current	100	1.3%	69.0%	91	3.3%	85.7%	79	9.1%	89.9%
Q4 high	60.1 to 79.8		103	1.8%	69.9%	93	5.0%	79.6%	81	9.7%	88.9%
Q5 highest	80.0 to 100.0		103	1.6%	65.0%	92	6.2%	79.3%	76	12.5%	92.1%

XLE Energy

Sector / Industry

61.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		96	2.2%	62.5%	83	1.8%	57.8%	64	1.1%	53.1%
Q2 low	20.1 to 39.8		99	0.3%	53.5%	86	2.6%	64.0%	70	4.7%	68.6%
Q3 middle	40.0 to 60.0		106	-0.4%	47.2%	98	1.5%	61.2%	80	3.8%	66.2%
Q4 high	60.2 to 79.9	Current	104	1.0%	65.4%	99	3.9%	66.7%	95	10.0%	81.1%
Q5 highest	80.1 to 100.0		107	1.8%	60.7%	106	5.2%	70.8%	103	8.1%	81.6%

XLB Materials

Sector / Industry

71.1 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		98	0.4%	54.1%	85	-0.4%	49.4%	71	4.6%	64.8%
Q2 low	20.1 to 39.8		102	0.8%	56.9%	94	2.7%	66.0%	88	5.5%	73.9%
Q3 middle	40.0 to 60.0		105	0.5%	54.3%	102	2.0%	56.9%	92	4.1%	73.9%
Q4 high	60.2 to 79.9	Current	103	1.8%	59.2%	97	3.1%	61.9%	86	3.4%	66.3%
Q5 highest	80.1 to 100.0		104	1.0%	56.7%	94	2.4%	60.6%	75	3.3%	69.3%

XLU Utilities

Sector / Industry

59.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		96	1.0%	64.6%	83	3.6%	66.3%	62	6.7%	95.2%
Q2 low	20.2 to 39.9		102	1.3%	59.8%	93	3.7%	69.9%	79	6.9%	96.2%
Q3 middle	40.1 to 59.9	Current	103	1.6%	63.1%	98	4.9%	70.4%	86	8.6%	94.2%
Q4 high	60.1 to 79.8		104	1.2%	58.7%	98	5.5%	79.6%	92	6.6%	92.4%
Q5 highest	80.0 to 100.0		106	1.3%	62.3%	99	3.7%	73.7%	92	7.1%	85.9%

XLRE Real Estate

Sector / Industry

13.7 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	95	1.1%	64.2%	75	2.5%	68.0%	55	2.0%	63.6%
Q2 low	20.1 to 39.8		104	0.5%	61.5%	94	0.7%	64.9%	78	0.6%	61.5%
Q3 middle	40.0 to 60.0		104	0.7%	57.7%	100	1.3%	61.0%	86	1.5%	64.0%
Q4 high	60.2 to 79.9		103	0.5%	56.3%	98	0.9%	60.2%	90	2.2%	67.8%
Q5 highest	80.1 to 100.0		106	1.0%	67.9%	105	2.0%	61.0%	103	4.5%	68.9%

XLV Health Care

Sector / Industry

60.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		96	1.7%	69.8%	78	2.3%	56.4%	68	-0.1%	45.6%
Q2 low	20.1 to 39.8		99	1.5%	68.7%	89	3.1%	61.8%	77	-0.8%	48.1%
Q3 middle	40.0 to 60.0		105	0.1%	50.5%	98	0.2%	52.0%	78	-2.8%	39.7%
Q4 high	60.2 to 79.9	Current	105	0.2%	52.4%	102	0.9%	56.9%	90	-2.6%	43.3%
Q5 highest	80.1 to 100.0		107	-0.6%	42.1%	105	0.5%	50.5%	99	-3.0%	44.4%

XLP Consumer Staples

Sector / Industry

43.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		99	0.6%	55.6%	97	3.0%	71.1%	97	3.6%	84.5%
Q2 low	20.1 to 39.8		98	0.4%	58.2%	82	0.8%	64.6%	80	2.5%	72.5%
Q3 middle	40.0 to 60.0	Current	103	0.9%	62.1%	91	1.2%	60.4%	76	1.8%	65.8%
Q4 high	60.2 to 79.9		105	0.6%	57.1%	98	0.5%	55.1%	86	2.1%	68.6%
Q5 highest	80.1 to 100.0		107	0.6%	52.3%	104	-0.3%	46.2%	73	1.9%	61.6%

SMH Semiconductors

Sector / Industry

94.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.4%	55.7%	106	2.8%	61.3%	106	8.4%	71.7%
Q2 low	20.1 to 39.8		105	2.9%	63.8%	105	8.4%	73.3%	102	21.1%	79.4%
Q3 middle	40.0 to 60.0		104	2.2%	67.3%	101	16.1%	76.2%	93	31.2%	78.5%
Q4 high	60.2 to 79.9		101	4.3%	77.2%	85	17.1%	83.5%	64	37.2%	84.4%
Q5 highest	80.1 to 100.0	Current	96	3.4%	66.7%	75	20.2%	89.3%	47	34.7%	89.4%

XHB Homebuilders

Sector / Industry

19.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	101	1.7%	56.4%	79	-1.6%	44.3%	54	0.7%	53.7%
Q2 low	20.1 to 39.8		102	1.9%	55.9%	90	-0.8%	48.9%	74	-1.3%	44.6%
Q3 middle	40.0 to 60.0		104	-1.5%	45.2%	102	-4.8%	38.2%	92	-2.0%	42.4%
Q4 high	60.2 to 79.9		101	0.2%	50.5%	98	-2.1%	44.9%	94	-3.9%	39.4%
Q5 highest	80.1 to 100.0		104	3.3%	60.6%	103	5.6%	59.2%	98	3.1%	59.2%

KRE Regional Banks

Sector / Industry

90.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	3.9%	64.7%	98	3.6%	66.3%	93	8.8%	74.2%
Q2 low	20.1 to 39.8		104	3.4%	59.6%	97	3.6%	67.0%	88	8.3%	83.0%
Q3 middle	40.0 to 60.0		104	0.4%	51.9%	95	4.5%	70.5%	88	6.7%	75.0%
Q4 high	60.2 to 79.9		104	3.4%	63.5%	95	5.6%	64.2%	81	9.3%	72.8%
Q5 highest	80.1 to 100.0	Current	98	3.3%	62.2%	87	8.9%	75.9%	62	12.8%	93.5%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

7.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	100	-0.4%	46.0%	93	-1.2%	39.8%	82	-1.5%	42.7%
Q2 low	20.2 to 39.9		104	-0.0%	50.0%	93	-0.6%	45.2%	74	-0.8%	43.2%
Q3 middle	40.1 to 59.9		102	0.5%	54.9%	96	-0.1%	50.0%	85	-0.3%	47.1%
Q4 high	60.1 to 79.8		105	-0.0%	49.5%	98	-0.3%	44.9%	85	-1.0%	43.5%
Q5 highest	80.0 to 100.0		100	-0.1%	48.0%	91	-0.3%	45.1%	85	-0.9%	41.2%

IEF Intermediate Treasury

Rates / Credit

6.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	99	0.4%	58.6%	92	0.6%	71.7%	86	2.5%	77.9%
Q2 low	20.1 to 39.8		102	0.6%	61.8%	96	0.6%	60.4%	83	2.2%	69.9%
Q3 middle	40.0 to 60.0		105	0.2%	55.2%	100	0.9%	62.0%	87	1.8%	69.0%
Q4 high	60.2 to 79.9		100	0.3%	63.0%	93	0.6%	63.4%	83	1.1%	66.3%
Q5 highest	80.1 to 100.0		106	0.4%	67.0%	91	0.8%	70.3%	73	1.2%	64.4%

HYG High Yield Credit

Rates / Credit

9.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	100	0.6%	77.0%	90	1.5%	87.8%	84	3.3%	98.8%
Q2 low	20.2 to 39.9		103	0.7%	70.9%	96	1.6%	88.5%	83	3.3%	95.2%
Q3 middle	40.1 to 59.9		99	0.7%	79.8%	89	1.8%	93.3%	77	3.5%	98.7%
Q4 high	60.1 to 79.8		104	0.5%	77.9%	96	1.5%	96.9%	79	3.5%	100.0%
Q5 highest	80.0 to 100.0		105	0.7%	74.3%	100	1.8%	92.0%	88	3.6%	96.6%

LQD Investment Grade Credit

Rates / Credit

25.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		99	0.6%	59.6%	89	0.4%	58.4%	79	0.4%	53.2%
Q2 low	20.1 to 39.8	Current	102	0.7%	72.5%	92	0.5%	60.9%	85	0.8%	68.2%
Q3 middle	40.0 to 60.0		105	0.2%	63.8%	95	0.7%	66.3%	81	2.3%	75.3%
Q4 high	60.2 to 79.9		103	0.7%	68.9%	98	1.1%	65.3%	83	3.2%	75.9%
Q5 highest	80.1 to 100.0		103	0.6%	67.0%	98	1.0%	72.4%	84	3.1%	79.8%

Commodity / Currency

GLD Gold

Commodity / Currency

66.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.3%	66.0%	100	9.4%	78.0%	82	16.5%	87.8%
Q2 low	20.1 to 39.8		105	3.0%	71.4%	97	11.9%	82.5%	86	17.1%	90.7%
Q3 middle	40.0 to 60.0		102	2.7%	64.7%	95	8.3%	74.7%	83	17.9%	90.4%
Q4 high	60.2 to 79.9	Current	104	2.1%	69.2%	95	9.0%	80.0%	80	20.1%	97.5%
Q5 highest	80.1 to 100.0		95	3.1%	70.5%	85	9.4%	90.6%	81	20.5%	98.8%

SLV Silver

Commodity / Currency

69.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.2%	76.4%	106	10.1%	83.0%	106	18.3%	91.5%
Q2 low	20.1 to 39.8		105	2.0%	61.9%	99	8.7%	82.8%	99	21.1%	89.9%
Q3 middle	40.0 to 60.0		106	1.9%	59.4%	91	16.3%	81.3%	86	29.6%	93.0%
Q4 high	60.2 to 79.9	Current	99	3.1%	64.6%	86	7.1%	66.3%	64	24.1%	89.1%
Q5 highest	80.1 to 100.0		96	3.7%	56.2%	90	-2.3%	44.4%	57	18.4%	63.2%

USO Oil

Commodity / Currency

19.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	104	-0.7%	45.2%	104	0.6%	52.9%	97	-1.0%	47.4%
Q2 low	20.1 to 39.8		98	1.0%	56.1%	95	4.0%	66.3%	83	3.9%	56.6%
Q3 middle	40.0 to 60.0		102	1.2%	54.9%	92	0.6%	51.1%	68	4.8%	60.3%
Q4 high	60.2 to 79.9		102	-0.2%	49.0%	85	2.3%	54.1%	70	4.0%	65.7%
Q5 highest	80.1 to 100.0		106	-2.2%	39.6%	96	-2.4%	38.5%	94	1.4%	54.3%

UUP Dollar

Commodity / Currency

12.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	97	0.5%	56.7%	81	1.1%	64.2%	60	1.8%	80.0%
Q2 low	20.1 to 39.8		105	0.6%	54.3%	95	1.2%	65.3%	78	2.1%	79.5%
Q3 middle	40.0 to 60.0		104	0.0%	50.0%	97	1.3%	66.0%	86	2.7%	74.4%
Q4 high	60.2 to 79.9		103	-0.2%	46.6%	99	0.9%	60.6%	93	2.9%	63.4%
Q5 highest	80.1 to 100.0		103	0.3%	51.5%	100	1.1%	67.0%	95	2.2%	58.9%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

55.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	4.6%	69.8%	88	7.5%	78.4%	75	13.3%	84.0%
Q2 low	20.2 to 39.9		104	1.8%	56.7%	95	3.1%	64.2%	87	9.3%	77.0%
Q3 middle	40.1 to 59.9	Current	98	2.2%	67.3%	91	4.5%	67.0%	81	7.1%	65.4%
Q4 high	60.1 to 79.8		101	2.6%	77.2%	96	7.4%	74.0%	76	1.4%	56.6%
Q5 highest	80.0 to 100.0		102	-1.0%	43.1%	101	1.4%	54.5%	92	7.1%	58.7%

MSFT Microsoft

Single-Name Leadership

35.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		93	-2.0%	31.2%	69	-4.0%	34.8%	58	-3.3%	46.6%
Q2 low	20.1 to 39.8	Current	102	-1.4%	37.3%	90	-3.0%	40.0%	84	-8.0%	34.5%
Q3 middle	40.0 to 60.0		105	-1.3%	42.9%	103	-2.9%	39.8%	93	-1.3%	46.2%
Q4 high	60.2 to 79.9		105	0.9%	54.3%	104	2.8%	69.2%	92	-0.4%	47.8%
Q5 highest	80.1 to 100.0		107	1.8%	55.1%	106	1.6%	62.3%	85	-1.8%	43.5%

NVDA Nvidia

Single-Name Leadership

43.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		98	-0.7%	44.9%	69	-3.7%	37.7%	65	4.2%	70.8%
Q2 low	20.1 to 39.8		101	1.3%	58.4%	98	3.3%	68.4%	91	9.4%	81.3%
Q3 middle	40.0 to 60.0	Current	104	1.8%	55.8%	101	8.3%	67.3%	93	8.8%	81.7%
Q4 high	60.2 to 79.9		103	1.5%	57.3%	99	9.4%	66.7%	85	13.1%	81.2%
Q5 highest	80.1 to 100.0		106	5.7%	68.9%	105	18.1%	82.9%	78	22.7%	92.3%

AMZN Amazon

Single-Name Leadership

62.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		105	0.5%	52.4%	95	1.3%	52.6%	93	2.6%	57.0%
Q2 low	20.2 to 39.9		101	0.3%	51.5%	90	1.4%	56.7%	85	4.2%	62.4%
Q3 middle	40.1 to 59.9		99	2.2%	62.6%	95	2.6%	55.8%	83	5.2%	71.1%
Q4 high	60.1 to 79.8	Current	103	0.4%	51.5%	94	6.1%	67.0%	83	13.5%	77.1%
Q5 highest	80.0 to 100.0		103	6.0%	74.8%	97	15.1%	79.4%	67	14.1%	82.1%

META Meta

Single-Name Leadership

13.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	96	-1.5%	44.8%	77	3.0%	63.6%	76	-6.6%	34.2%
Q2 low	20.1 to 39.8		102	1.9%	57.8%	96	1.1%	54.2%	91	-2.1%	46.2%
Q3 middle	40.0 to 60.0		104	0.2%	51.0%	98	1.8%	56.1%	88	3.6%	54.5%
Q4 high	60.2 to 79.9		104	-1.3%	43.3%	98	3.2%	56.1%	78	10.2%	62.8%
Q5 highest	80.1 to 100.0		106	5.4%	65.1%	103	4.8%	61.2%	79	14.1%	78.5%

GOOGL Alphabet

Single-Name Leadership

29.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		101	2.9%	60.4%	91	7.1%	58.2%	89	9.0%	65.2%
Q2 low	20.1 to 39.8	Current	100	1.9%	54.0%	89	9.1%	66.3%	83	16.3%	79.5%
Q3 middle	40.0 to 60.0		103	2.6%	58.3%	88	11.5%	68.2%	80	13.7%	71.2%
Q4 high	60.2 to 79.9		105	3.4%	64.8%	101	12.4%	73.3%	86	18.6%	81.4%
Q5 highest	80.1 to 100.0		103	4.3%	62.1%	103	17.0%	86.4%	74	23.4%	91.9%

TSLA Tesla

Single-Name Leadership

98.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	1.1%	53.9%	80	3.5%	56.2%	78	-0.1%	50.0%
Q2 low	20.1 to 39.8		103	2.2%	55.3%	98	5.2%	63.3%	93	9.7%	59.1%
Q3 middle	40.0 to 60.0		106	1.2%	53.8%	100	2.5%	55.0%	89	0.8%	52.8%
Q4 high	60.2 to 79.9		100	-3.1%	40.0%	97	4.3%	59.8%	77	6.8%	54.5%
Q5 highest	80.1 to 100.0	Current	101	3.1%	66.3%	97	24.1%	87.6%	75	54.0%	96.0%

Put/Call Open-Interest Ratio Percentile

Measures whether existing option positioning is more put-heavy.

Exact calculation

Percentile rank of Put/Call Open-Interest Ratio within the same symbol's history. Raw ratio = put open interest / call open interest.

High reading means

The existing option book is more defensively positioned.

Caveat

Open interest is slower moving and may reflect older hedges.

Index / Market

SPY S&P 500

Index / Market

16.9 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	101	3.8%	76.2%	101	9.2%	85.1%	86	15.8%	98.8%
Q2 low	20.1 to 39.8		91	0.2%	51.6%	78	1.2%	53.8%	52	5.0%	73.1%
Q3 middle	40.0 to 60.0		107	1.6%	66.4%	87	2.7%	63.2%	75	9.1%	90.7%
Q4 high	60.2 to 79.9		106	1.9%	79.2%	99	4.6%	92.9%	93	8.1%	90.3%
Q5 highest	80.1 to 100.0		107	1.3%	75.7%	107	3.9%	98.1%	106	3.8%	67.9%

QQQ Nasdaq 100

Index / Market

1.3 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	6.2%	84.9%	82	12.1%	90.2%	65	19.4%	100.0%
Q2 low	20.1 to 39.8		106	1.5%	71.7%	90	8.6%	75.6%	72	15.8%	100.0%
Q3 middle	40.0 to 60.0		107	0.7%	59.8%	87	7.4%	81.6%	65	12.1%	100.0%
Q4 high	60.2 to 79.9		106	1.5%	60.4%	106	1.6%	61.3%	103	6.2%	88.3%
Q5 highest	80.1 to 100.0		107	1.4%	65.4%	107	3.1%	66.4%	107	1.0%	58.9%

IWM Russell 2000

Index / Market

89.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.9%	75.5%	106	5.2%	82.1%	106	1.5%	57.5%
Q2 low	20.1 to 39.8		106	1.9%	65.1%	106	5.1%	64.2%	106	14.9%	60.4%
Q3 middle	40.0 to 60.0		107	4.1%	69.2%	107	5.4%	68.2%	107	15.6%	86.0%
Q4 high	60.2 to 79.9		106	0.9%	60.4%	106	6.1%	84.9%	85	11.8%	91.8%
Q5 highest	80.1 to 100.0	Current	87	2.7%	67.8%	47	7.7%	93.6%	8	11.3%	100.0%

DIA Dow Jones

Index / Market

24.6 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	1.5%	53.3%	105	-0.2%	48.6%	105	7.4%	88.6%
Q2 low	20.1 to 39.8	Current	92	2.9%	85.9%	92	7.1%	95.7%	92	11.0%	88.0%
Q3 middle	40.0 to 60.0		104	1.8%	80.8%	102	5.0%	93.1%	96	8.0%	78.1%
Q4 high	60.2 to 79.9		104	2.7%	85.6%	86	5.6%	91.9%	66	4.6%	68.2%
Q5 highest	80.1 to 100.0		107	0.7%	64.5%	87	0.5%	57.5%	53	6.9%	90.6%

RSP Equal-Weight S&P 500

Index / Market

4.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	93	2.7%	97.8%	93	2.5%	77.4%	91	9.0%	100.0%
Q2 low	20.1 to 39.8		99	1.8%	81.8%	94	2.7%	80.9%	89	5.6%	88.8%
Q3 middle	40.0 to 60.0		107	1.5%	61.7%	94	4.8%	90.4%	48	5.7%	79.2%
Q4 high	60.2 to 79.9		106	1.6%	61.3%	97	5.0%	75.3%	93	7.5%	80.6%
Q5 highest	80.1 to 100.0		107	0.6%	56.1%	94	1.7%	60.6%	91	4.1%	68.1%

VTI Total Market

Index / Market

51.9 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.2%	70.8%	106	5.2%	78.3%	85	9.8%	96.5%
Q2 low	20.1 to 39.8		106	2.0%	78.3%	106	5.0%	97.2%	91	7.9%	89.0%
Q3 middle	40.0 to 60.0	Current	102	3.5%	79.4%	92	7.8%	100.0%	71	8.8%	87.3%
Q4 high	60.2 to 79.9		91	3.5%	78.0%	67	8.8%	98.5%	64	15.1%	85.9%
Q5 highest	80.1 to 100.0		107	-0.6%	46.7%	101	-3.6%	35.6%	101	3.0%	59.4%

Sector / Industry

XLK Technology

Sector / Industry

63.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.3%	51.9%	106	3.5%	59.4%	106	6.3%	71.7%
Q2 low	20.1 to 39.8		100	0.5%	54.0%	100	0.3%	53.0%	100	5.6%	70.0%
Q3 middle	40.0 to 60.0		96	3.5%	74.0%	95	10.4%	65.3%	95	27.4%	98.9%
Q4 high	60.2 to 79.9	Current	103	1.4%	58.3%	95	6.8%	80.0%	84	10.5%	81.0%
Q5 highest	80.1 to 100.0		107	4.9%	72.9%	76	24.1%	94.7%	27	6.2%	96.3%

XLY Consumer Discretionary

Sector / Industry

95.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.4%	84.0%	106	8.5%	98.1%	106	12.6%	100.0%
Q2 low	20.1 to 39.8		106	3.0%	76.4%	106	5.4%	85.8%	106	5.3%	74.5%
Q3 middle	40.0 to 60.0		107	0.6%	56.1%	107	0.5%	54.2%	96	-3.0%	27.1%
Q4 high	60.2 to 79.9		96	-1.0%	43.8%	75	2.5%	68.0%	55	-3.3%	30.9%
Q5 highest	80.1 to 100.0	Current	97	-0.8%	44.3%	78	-1.0%	42.3%	49	-0.7%	40.8%

XLC Communication Services

Sector / Industry

80.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.0%	64.2%	106	4.2%	84.0%	98	9.3%	80.6%
Q2 low	20.2 to 39.9		106	2.9%	79.2%	106	6.9%	84.0%	106	7.1%	83.0%
Q3 middle	40.1 to 59.9		106	1.4%	56.6%	106	4.2%	77.4%	106	8.4%	73.6%
Q4 high	60.1 to 79.8		106	1.8%	66.0%	102	4.4%	61.8%	101	9.5%	100.0%
Q5 highest	80.0 to 100.0	Current	87	-1.4%	31.0%	51	-2.1%	21.6%	0	n/a	n/a

XLF Financials

Sector / Industry

17.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-1.1%	40.7%	81	-1.0%	44.4%	74	3.9%	93.2%
Q2 low	20.1 to 39.8		106	2.1%	61.3%	86	8.5%	79.1%	81	14.5%	88.9%
Q3 middle	40.0 to 60.0		107	0.9%	60.7%	95	5.0%	75.8%	85	6.4%	72.9%
Q4 high	60.2 to 79.9		106	2.8%	74.5%	103	2.7%	76.7%	90	2.7%	65.6%
Q5 highest	80.1 to 100.0		107	2.3%	68.2%	107	2.6%	79.4%	82	2.6%	59.8%

XLI Industrials

Sector / Industry

78.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.4%	62.3%	106	5.0%	65.1%	106	10.1%	89.6%
Q2 low	20.2 to 39.9		106	1.3%	68.9%	106	4.1%	74.5%	106	6.7%	75.5%
Q3 middle	40.1 to 59.9		106	1.4%	68.9%	106	6.7%	84.0%	106	10.8%	94.3%
Q4 high	60.1 to 79.8	Current	93	3.0%	75.3%	92	5.1%	92.4%	88	14.9%	100.0%
Q5 highest	80.0 to 100.0		100	2.3%	67.0%	61	4.5%	78.7%	5	9.5%	100.0%

XLE Energy

Sector / Industry

17.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	87	4.6%	70.1%	85	1.4%	58.8%	58	-5.2%	27.6%
Q2 low	20.1 to 39.8		105	-0.7%	39.0%	75	1.1%	53.3%	60	5.4%	65.0%
Q3 middle	40.0 to 60.0		107	1.6%	60.7%	99	1.0%	53.5%	81	4.3%	61.7%
Q4 high	60.2 to 79.9		106	1.9%	69.8%	106	11.2%	82.1%	106	18.9%	88.7%
Q5 highest	80.1 to 100.0		107	0.1%	51.4%	107	3.0%	69.2%	107	19.6%	90.7%

XLB Materials

Sector / Industry

5.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-0.8%	36.0%	46	0.6%	50.0%	42	16.8%	97.6%
Q2 low	20.1 to 39.8		106	-0.7%	44.3%	106	0.5%	51.9%	106	5.1%	67.0%
Q3 middle	40.0 to 60.0		107	3.4%	72.9%	107	2.6%	66.4%	102	5.0%	74.5%
Q4 high	60.2 to 79.9		106	1.1%	65.1%	106	1.8%	59.4%	97	3.0%	68.0%
Q5 highest	80.1 to 100.0		107	2.3%	58.9%	107	2.9%	62.6%	65	0.6%	52.3%

XLU Utilities

Sector / Industry

30.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	4.5%	85.8%	106	8.6%	91.5%	88	9.3%	100.0%
Q2 low	20.2 to 39.9	Current	86	1.5%	59.3%	80	0.7%	58.8%	69	5.1%	94.2%
Q3 middle	40.1 to 59.9		106	1.9%	68.9%	91	5.9%	71.4%	74	7.8%	98.6%
Q4 high	60.1 to 79.8		106	0.2%	55.7%	89	3.6%	68.5%	75	6.2%	97.3%
Q5 highest	80.0 to 100.0		107	-0.7%	38.3%	105	3.1%	66.7%	105	4.5%	77.1%

XLRE Real Estate

Sector / Industry

17.9 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	1.7%	67.4%	62	5.3%	100.0%	2	11.9%	100.0%
Q2 low	20.1 to 39.8		106	0.5%	62.3%	90	0.8%	58.9%	90	8.6%	95.6%
Q3 middle	40.0 to 60.0		107	0.9%	61.7%	107	1.2%	70.1%	107	2.3%	72.0%
Q4 high	60.2 to 79.9		106	0.9%	61.3%	106	0.9%	63.2%	106	0.8%	64.2%
Q5 highest	80.1 to 100.0		107	0.3%	56.1%	107	-1.6%	36.4%	107	-1.6%	34.6%

XLV Health Care

Sector / Industry

34.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.5%	75.5%	106	6.9%	98.1%	106	15.6%	84.0%
Q2 low	20.1 to 39.8	Current	93	3.2%	91.4%	74	1.7%	60.8%	74	-2.9%	17.6%
Q3 middle	40.0 to 60.0		100	1.3%	67.0%	93	-0.4%	49.5%	93	-2.9%	35.5%
Q4 high	60.2 to 79.9		106	-2.6%	17.9%	106	-4.4%	29.2%	106	-4.2%	33.0%
Q5 highest	80.1 to 100.0		107	-1.2%	34.6%	93	-4.4%	37.6%	33	-4.8%	36.4%

XLP Consumer Staples

Sector / Industry

66.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.3%	65.1%	106	2.3%	72.6%	106	2.6%	80.2%
Q2 low	20.1 to 39.8		106	0.0%	50.0%	106	-0.0%	48.1%	106	-0.6%	37.7%
Q3 middle	40.0 to 60.0		97	1.0%	64.9%	97	1.3%	64.9%	97	1.9%	70.1%
Q4 high	60.2 to 79.9	Current	96	-0.1%	49.0%	71	-0.9%	45.1%	71	7.5%	97.2%
Q5 highest	80.1 to 100.0		107	1.1%	56.1%	92	0.8%	60.9%	32	6.2%	100.0%

SMH Semiconductors

Sector / Industry

93.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.1%	54.7%	106	10.5%	71.7%	106	16.3%	86.8%
Q2 low	20.1 to 39.8		106	0.4%	52.8%	106	-0.2%	48.1%	106	5.0%	59.4%
Q3 middle	40.0 to 60.0		107	3.5%	78.5%	107	9.1%	77.6%	102	37.7%	78.4%
Q4 high	60.2 to 79.9		106	3.5%	72.6%	106	18.7%	94.3%	75	31.8%	90.7%
Q5 highest	80.1 to 100.0	Current	87	5.5%	72.4%	47	21.2%	100.0%	23	34.4%	100.0%

XHB Homebuilders

Sector / Industry

67.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.0%	60.4%	67	-5.4%	16.4%	24	3.6%	54.2%
Q2 low	20.1 to 39.8		102	2.5%	57.8%	101	4.6%	74.3%	84	1.0%	57.1%
Q3 middle	40.0 to 60.0		96	1.8%	62.5%	96	9.8%	68.8%	96	10.3%	91.7%
Q4 high	60.2 to 79.9	Current	101	-2.3%	36.6%	101	-4.4%	34.7%	101	-6.4%	28.7%
Q5 highest	80.1 to 100.0		107	0.6%	51.4%	107	-7.2%	33.6%	107	-11.3%	16.8%

KRE Regional Banks

Sector / Industry

80.3 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-2.1%	36.8%	106	-0.9%	46.2%	105	6.8%	67.6%
Q2 low	20.1 to 39.8		106	4.7%	69.8%	106	10.0%	84.9%	87	12.1%	88.5%
Q3 middle	40.0 to 60.0		107	3.1%	67.3%	107	8.3%	75.7%	96	9.9%	79.2%
Q4 high	60.2 to 79.9		103	1.8%	53.4%	89	4.4%	60.7%	77	9.3%	84.4%
Q5 highest	80.1 to 100.0	Current	90	4.5%	76.7%	64	9.1%	78.1%	47	7.6%	76.6%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

54.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	0.4%	52.8%	106	-0.4%	45.3%	106	0.9%	63.2%
Q2 low	20.2 to 39.9		106	0.5%	55.7%	103	2.1%	65.0%	80	1.3%	57.5%
Q3 middle	40.1 to 59.9	Current	100	0.2%	52.0%	86	-0.4%	45.3%	66	0.4%	53.0%
Q4 high	60.1 to 79.8		101	-0.5%	45.5%	86	-0.5%	39.5%	79	-1.7%	25.3%
Q5 highest	80.0 to 100.0		98	-0.4%	41.8%	90	-0.9%	26.7%	80	-2.4%	13.8%

IEF Intermediate Treasury

Rates / Credit

66.7 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.0%	72.6%	106	2.6%	96.2%	106	3.9%	100.0%
Q2 low	20.1 to 39.8		106	0.9%	84.0%	106	1.4%	82.1%	106	3.1%	92.5%
Q3 middle	40.0 to 60.0		107	0.0%	50.5%	107	-0.8%	44.9%	107	-0.2%	49.5%
Q4 high	60.2 to 79.9	Current	86	0.0%	51.2%	76	0.4%	61.8%	63	-0.2%	42.9%
Q5 highest	80.1 to 100.0		107	-0.1%	45.8%	77	-0.4%	32.5%	30	-0.6%	10.0%

HYG High Yield Credit

Rates / Credit

0.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	86	0.6%	77.9%	73	1.1%	93.2%	73	3.2%	91.8%
Q2 low	20.2 to 39.9		106	0.4%	62.3%	94	1.7%	91.5%	94	3.5%	100.0%
Q3 middle	40.1 to 59.9		106	1.0%	84.9%	101	1.8%	87.1%	93	3.7%	100.0%
Q4 high	60.1 to 79.8		106	0.6%	76.4%	96	2.1%	89.6%	81	3.8%	96.3%
Q5 highest	80.0 to 100.0		107	0.6%	78.5%	107	1.3%	97.2%	70	3.3%	100.0%

LQD Investment Grade Credit

Rates / Credit

47.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.6%	57.5%	106	0.4%	59.4%	106	0.7%	61.3%
Q2 low	20.1 to 39.8		102	0.8%	71.6%	83	-0.2%	44.6%	83	0.4%	54.2%
Q3 middle	40.0 to 60.0	Current	91	0.2%	63.7%	74	0.2%	62.2%	61	0.3%	63.9%
Q4 high	60.2 to 79.9		106	0.0%	53.8%	102	0.5%	59.8%	60	4.2%	78.3%
Q5 highest	80.1 to 100.0		107	1.1%	85.0%	107	2.9%	92.5%	102	4.0%	93.1%

Commodity / Currency

GLD Gold

Commodity / Currency

9.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	96	4.8%	71.9%	96	0.6%	52.1%	57	0.5%	50.9%
Q2 low	20.1 to 39.8		99	2.3%	58.6%	77	12.7%	77.9%	60	17.9%	98.3%
Q3 middle	40.0 to 60.0		104	0.8%	59.6%	86	12.4%	95.3%	82	16.9%	100.0%
Q4 high	60.2 to 79.9		106	3.1%	76.4%	106	11.3%	88.7%	106	21.6%	100.0%
Q5 highest	80.1 to 100.0		107	2.9%	74.8%	107	7.7%	89.7%	107	20.4%	100.0%

SLV Silver

Commodity / Currency

62.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.0%	63.2%	106	3.7%	67.9%	106	7.8%	84.0%
Q2 low	20.1 to 39.8		106	4.1%	75.5%	106	14.4%	86.8%	106	52.1%	88.7%
Q3 middle	40.0 to 60.0		107	3.3%	72.0%	107	15.1%	99.1%	107	47.0%	100.0%
Q4 high	60.2 to 79.9	Current	86	-0.8%	45.3%	46	0.0%	50.0%	27	33.5%	100.0%
Q5 highest	80.1 to 100.0		107	5.3%	59.8%	107	-2.8%	44.9%	66	23.9%	63.6%

USO Oil

Commodity / Currency

70.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.1%	51.9%	106	1.7%	61.3%	103	-0.6%	43.7%
Q2 low	20.1 to 39.8		106	1.2%	54.7%	106	3.9%	60.4%	92	1.8%	58.7%
Q3 middle	40.0 to 60.0		107	0.5%	52.3%	107	9.1%	74.8%	104	9.5%	80.8%
Q4 high	60.2 to 79.9	Current	96	-0.5%	43.8%	96	-3.6%	26.0%	81	2.1%	53.1%
Q5 highest	80.1 to 100.0		97	-2.3%	40.2%	57	-8.7%	24.6%	32	-5.1%	15.6%

UUP Dollar

Commodity / Currency

29.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	0.8%	57.1%	86	2.3%	95.3%	26	4.4%	92.3%
Q2 low	20.1 to 39.8	Current	87	-0.4%	35.6%	72	-1.3%	29.2%	72	0.8%	62.5%
Q3 middle	40.0 to 60.0		107	0.8%	62.6%	101	0.9%	72.3%	101	2.7%	94.1%
Q4 high	60.2 to 79.9		106	0.2%	55.7%	106	2.4%	60.4%	106	1.9%	66.0%
Q5 highest	80.1 to 100.0		107	-0.4%	44.9%	107	0.7%	60.7%	107	1.0%	51.4%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

58.9 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	2.0%	60.4%	105	6.2%	76.2%	63	5.7%	87.3%
Q2 low	20.2 to 39.9		95	4.3%	76.8%	83	5.6%	67.5%	74	9.9%	91.9%
Q3 middle	40.1 to 59.9	Current	101	5.3%	76.2%	75	14.7%	84.0%	66	13.4%	93.9%
Q4 high	60.1 to 79.8		102	1.8%	66.7%	101	10.5%	77.2%	101	13.7%	56.4%
Q5 highest	80.0 to 100.0		107	-4.1%	36.4%	107	-7.5%	37.4%	107	-6.5%	35.5%

MSFT Microsoft

Single-Name Leadership

5.1 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-1.6%	40.7%	46	2.5%	63.0%	0	n/a	n/a
Q2 low	20.1 to 39.8		106	-2.6%	24.5%	106	-11.0%	37.7%	92	-14.3%	25.0%
Q3 middle	40.0 to 60.0		107	2.7%	63.6%	107	3.3%	63.6%	107	-3.6%	43.0%
Q4 high	60.2 to 79.9		106	1.3%	55.7%	106	-2.3%	38.7%	106	5.8%	70.8%
Q5 highest	80.1 to 100.0		107	-1.3%	37.4%	107	0.4%	57.0%	107	-2.8%	33.6%

NVDA Nvidia

Single-Name Leadership

4.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-1.5%	37.2%	46	12.2%	93.5%	6	14.4%	100.0%
Q2 low	20.1 to 39.8		106	0.2%	53.8%	106	0.6%	52.8%	86	16.7%	97.7%
Q3 middle	40.0 to 60.0		107	3.8%	65.4%	107	12.4%	88.8%	107	18.1%	93.5%
Q4 high	60.2 to 79.9		106	6.0%	78.3%	106	9.7%	67.0%	106	11.0%	83.0%
Q5 highest	80.1 to 100.0		107	-0.5%	47.7%	107	-1.6%	45.8%	107	2.2%	55.1%

AMZN Amazon

Single-Name Leadership

10.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	86	1.7%	59.3%	46	12.1%	71.7%	14	11.5%	100.0%
Q2 low	20.2 to 39.9		106	-0.4%	47.2%	106	4.0%	56.6%	79	8.2%	75.9%
Q3 middle	40.1 to 59.9		106	-1.9%	45.3%	106	1.7%	54.7%	105	6.3%	69.5%
Q4 high	60.1 to 79.8		106	3.2%	59.4%	106	6.2%	71.7%	106	9.1%	74.5%
Q5 highest	80.0 to 100.0		107	4.9%	81.3%	107	12.4%	62.6%	107	1.3%	54.2%

META Meta

Single-Name Leadership

3.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-0.6%	48.8%	46	0.6%	58.7%	27	-4.2%	25.9%
Q2 low	20.1 to 39.8		106	-1.9%	42.5%	106	-5.2%	34.0%	65	-4.1%	41.5%
Q3 middle	40.0 to 60.0		107	0.9%	54.2%	107	1.7%	54.2%	107	-6.0%	45.8%
Q4 high	60.2 to 79.9		106	4.1%	66.0%	106	6.9%	66.0%	106	5.7%	54.7%
Q5 highest	80.1 to 100.0		107	0.0%	50.5%	107	7.1%	77.6%	107	15.4%	80.4%

GOOGL Alphabet

Single-Name Leadership

16.4 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	8.0%	93.9%	98	32.1%	100.0%	98	71.7%	100.0%
Q2 low	20.1 to 39.8		94	3.8%	57.4%	93	16.8%	80.6%	92	27.0%	100.0%
Q3 middle	40.0 to 60.0		107	2.3%	57.9%	81	2.9%	55.6%	56	16.4%	83.9%
Q4 high	60.2 to 79.9		106	-2.3%	38.7%	93	1.4%	51.6%	72	-1.8%	43.1%
Q5 highest	80.1 to 100.0		107	1.2%	54.2%	107	5.4%	64.5%	94	2.4%	54.3%

TSLA Tesla

Single-Name Leadership

1.1 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	86	-1.2%	41.9%	46	3.7%	65.2%	1	-16.7%	0.0%
Q2 low	20.1 to 39.8		106	-3.9%	35.8%	106	-0.2%	50.0%	91	-7.2%	34.1%
Q3 middle	40.0 to 60.0		107	5.6%	65.4%	107	15.8%	67.3%	107	10.8%	60.7%
Q4 high	60.2 to 79.9		106	4.2%	64.2%	106	10.3%	72.6%	106	33.4%	78.3%
Q5 highest	80.1 to 100.0		107	2.0%	59.8%	107	15.4%	68.2%	107	39.0%	71.0%

Put Volume/OI Percentile

Measures fresh put activity relative to the existing put book.

Exact calculation

Percentile rank of Put Volume/OI Ratio within the same symbol's history. Raw ratio = put volume / put open interest.

High reading means

Put demand is active relative to the size of existing put positioning.

Caveat

Useful for urgency, but single-day volume can be noisy.

Index / Market

SPY S&P 500

Index / Market

94.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.2%	69.8%	106	3.5%	78.3%	106	5.0%	64.2%
Q2 low	20.1 to 39.8		106	1.8%	77.4%	100	4.8%	83.0%	99	6.7%	82.8%
Q3 middle	40.0 to 60.0		106	1.5%	72.6%	93	3.8%	72.0%	92	8.6%	91.3%
Q4 high	60.2 to 79.9		103	1.9%	71.8%	92	5.5%	81.5%	77	11.2%	97.4%
Q5 highest	80.1 to 100.0	Current	91	1.9%	58.2%	81	9.6%	88.9%	38	15.3%	100.0%

QQQ Nasdaq 100

Index / Market

98.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.6%	67.9%	106	4.7%	66.0%	106	8.0%	81.1%
Q2 low	20.1 to 39.8		106	2.3%	82.1%	105	6.5%	77.1%	105	8.3%	82.9%
Q3 middle	40.0 to 60.0		107	1.4%	68.2%	99	5.3%	71.7%	95	8.1%	85.3%
Q4 high	60.2 to 79.9		105	1.4%	60.0%	89	4.9%	70.8%	73	15.2%	94.5%
Q5 highest	80.1 to 100.0	Current	88	1.1%	59.1%	73	11.4%	87.7%	33	13.5%	100.0%

IWM Russell 2000

Index / Market

73.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.0%	78.3%	106	7.4%	80.2%	106	10.8%	67.0%
Q2 low	20.1 to 39.8		106	1.8%	66.0%	101	4.4%	71.3%	100	10.2%	64.0%
Q3 middle	40.0 to 60.0		106	2.3%	68.9%	94	4.3%	73.4%	92	11.7%	72.8%
Q4 high	60.2 to 79.9	Current	96	1.5%	62.5%	84	6.1%	77.4%	64	12.5%	85.9%
Q5 highest	80.1 to 100.0		98	2.0%	61.2%	87	7.4%	81.6%	50	12.9%	92.0%

DIA Dow Jones

Index / Market

33.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		100	2.4%	80.0%	84	5.3%	88.1%	80	10.0%	80.0%
Q2 low	20.1 to 39.8	Current	102	1.5%	71.6%	88	4.4%	78.4%	73	5.4%	69.9%
Q3 middle	40.0 to 60.0		104	2.3%	76.0%	97	5.5%	79.4%	82	7.7%	85.4%
Q4 high	60.2 to 79.9		101	2.4%	74.3%	100	4.3%	73.0%	84	7.4%	89.3%
Q5 highest	80.1 to 100.0		105	1.3%	66.7%	103	3.8%	68.0%	93	5.7%	88.2%

RSP Equal-Weight S&P 500

Index / Market

82.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.8%	71.8%	98	2.7%	76.5%	92	7.2%	87.0%
Q2 low	20.1 to 39.8		102	1.8%	68.6%	95	2.7%	74.7%	84	6.4%	81.0%
Q3 middle	40.0 to 60.0		100	2.1%	80.0%	90	2.8%	75.6%	74	7.7%	81.1%
Q4 high	60.2 to 79.9		102	2.2%	71.6%	90	3.8%	81.1%	73	6.9%	83.6%
Q5 highest	80.1 to 100.0	Current	105	1.3%	62.9%	99	4.5%	76.8%	89	6.4%	85.4%

VTI Total Market

Index / Market

2.1 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	101	1.3%	66.3%	93	2.9%	65.6%	91	8.1%	74.7%
Q2 low	20.1 to 39.8		98	1.8%	72.4%	92	3.7%	80.4%	86	8.2%	84.9%
Q3 middle	40.0 to 60.0		100	2.0%	75.0%	95	4.4%	80.0%	93	7.8%	84.9%
Q4 high	60.2 to 79.9		106	1.9%	71.7%	99	5.8%	84.8%	89	9.5%	85.4%
Q5 highest	80.1 to 100.0		107	1.8%	66.4%	93	7.4%	91.4%	53	9.8%	83.0%

Sector / Industry

XLK Technology

Sector / Industry

61.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	1.4%	62.7%	90	8.9%	67.8%	73	12.5%	83.6%
Q2 low	20.1 to 39.8		103	1.4%	59.2%	92	7.0%	72.8%	78	8.4%	73.1%
Q3 middle	40.0 to 60.0		104	2.9%	71.2%	97	4.8%	69.1%	84	7.6%	71.4%
Q4 high	60.2 to 79.9	Current	101	1.2%	57.4%	98	7.2%	68.4%	86	10.7%	88.4%
Q5 highest	80.1 to 100.0		102	0.8%	59.8%	95	3.4%	67.4%	91	11.8%	87.9%

XLY Consumer Discretionary

Sector / Industry

35.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		99	0.8%	61.6%	81	-0.2%	48.1%	70	-0.9%	40.0%
Q2 low	20.1 to 39.8	Current	101	0.6%	58.4%	93	1.8%	63.4%	84	0.9%	53.6%
Q3 middle	40.0 to 60.0		104	1.1%	62.5%	98	4.4%	71.4%	84	4.2%	60.7%
Q4 high	60.2 to 79.9		104	1.1%	58.7%	102	6.2%	84.3%	94	9.4%	67.0%
Q5 highest	80.1 to 100.0		104	1.5%	66.3%	98	6.2%	84.7%	80	15.5%	76.2%

XLC Communication Services

Sector / Industry

21.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		97	0.3%	50.5%	70	-0.1%	47.1%	41	4.0%	73.2%
Q2 low	20.2 to 39.9	Current	99	0.5%	53.5%	94	2.6%	71.3%	87	5.4%	78.2%
Q3 middle	40.1 to 59.9		103	2.1%	67.0%	98	4.2%	74.5%	91	8.6%	82.4%
Q4 high	60.1 to 79.8		105	1.8%	69.5%	103	6.7%	87.4%	101	10.3%	92.1%
Q5 highest	80.0 to 100.0		107	1.6%	60.7%	106	4.2%	67.0%	91	7.9%	87.9%

XLF Financials

Sector / Industry

12.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	103	1.8%	64.1%	95	3.4%	69.5%	90	4.3%	75.6%
Q2 low	20.1 to 39.8		98	1.8%	65.3%	86	2.9%	73.3%	84	2.7%	64.3%
Q3 middle	40.0 to 60.0		103	0.6%	58.3%	95	2.1%	66.3%	82	4.2%	72.0%
Q4 high	60.2 to 79.9		103	1.6%	63.1%	97	3.8%	75.3%	82	4.6%	84.1%
Q5 highest	80.1 to 100.0		105	1.1%	59.0%	99	3.9%	75.8%	74	5.7%	82.4%

XLI Industrials

Sector / Industry

26.6 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		101	2.7%	77.2%	89	4.4%	83.1%	80	10.6%	93.8%
Q2 low	20.2 to 39.9	Current	103	1.1%	67.0%	97	3.6%	72.2%	86	8.3%	82.6%
Q3 middle	40.1 to 59.9		101	1.2%	67.3%	91	3.2%	82.4%	78	9.6%	93.6%
Q4 high	60.1 to 79.8		101	1.6%	62.4%	96	7.2%	79.2%	81	12.3%	88.9%
Q5 highest	80.0 to 100.0		105	2.4%	67.6%	98	6.1%	76.5%	86	10.8%	89.5%

XLE Energy

Sector / Industry

77.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		98	1.1%	59.2%	89	2.6%	65.2%	83	4.0%	62.7%
Q2 low	20.1 to 39.8		103	0.9%	58.3%	90	3.9%	67.8%	85	8.8%	70.6%
Q3 middle	40.0 to 60.0		100	2.6%	65.0%	94	3.4%	67.0%	80	6.7%	73.8%
Q4 high	60.2 to 79.9	Current	104	-0.4%	49.0%	96	1.9%	65.6%	75	5.3%	72.0%
Q5 highest	80.1 to 100.0		107	1.2%	57.9%	103	1.9%	57.3%	89	4.6%	79.8%

XLB Materials

Sector / Industry

68.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	1.7%	64.4%	93	1.6%	60.2%	79	6.3%	68.4%
Q2 low	20.1 to 39.8		102	0.9%	58.8%	93	3.9%	66.7%	83	4.4%	74.7%
Q3 middle	40.0 to 60.0		100	-0.4%	49.0%	95	0.7%	55.8%	81	2.2%	61.7%
Q4 high	60.2 to 79.9	Current	102	0.5%	52.0%	96	2.3%	56.2%	85	4.6%	74.1%
Q5 highest	80.1 to 100.0		104	1.4%	56.7%	95	2.0%	56.8%	84	3.6%	70.2%

XLU Utilities

Sector / Industry

29.6 Q2 low

Current quintile 2 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		95	0.5%	56.8%	82	4.5%	73.2%	63	6.1%	98.4%
Q2 low	20.2 to 39.9	Current	101	1.1%	60.4%	91	4.8%	72.5%	79	7.2%	97.5%
Q3 middle	40.1 to 59.9		103	2.1%	67.0%	93	3.8%	75.3%	79	9.0%	92.4%
Q4 high	60.1 to 79.8		105	1.1%	63.8%	102	4.7%	74.5%	96	7.4%	92.7%
Q5 highest	80.0 to 100.0		107	1.7%	59.8%	103	2.9%	66.0%	94	6.9%	84.0%

XLRE Real Estate

Sector / Industry

71.1 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		100	0.5%	62.0%	87	0.8%	60.9%	82	0.4%	54.9%
Q2 low	20.1 to 39.8		104	0.9%	58.7%	90	1.3%	63.3%	78	1.4%	66.7%
Q3 middle	40.0 to 60.0		102	0.9%	63.7%	97	1.8%	66.0%	80	2.2%	66.2%
Q4 high	60.2 to 79.9	Current	101	0.5%	60.4%	94	2.3%	66.0%	76	2.7%	72.4%
Q5 highest	80.1 to 100.0		105	1.2%	62.9%	104	1.1%	57.7%	96	3.5%	67.7%

XLV Health Care

Sector / Industry

38.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		100	0.7%	55.0%	81	1.5%	53.1%	52	0.7%	61.5%
Q2 low	20.1 to 39.8	Current	99	0.7%	57.6%	88	1.6%	54.5%	66	-1.4%	42.4%
Q3 middle	40.0 to 60.0		102	0.2%	51.0%	94	-1.2%	47.9%	88	-2.9%	35.2%
Q4 high	60.2 to 79.9		104	0.2%	51.9%	103	1.9%	58.3%	100	-3.6%	37.0%
Q5 highest	80.1 to 100.0		107	1.1%	65.4%	106	1.6%	61.3%	106	0.5%	50.9%

XLP Consumer Staples

Sector / Industry

62.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.4%	55.7%	92	1.3%	67.4%	83	4.5%	84.3%
Q2 low	20.1 to 39.8		98	0.4%	51.0%	83	3.1%	68.7%	69	5.3%	81.2%
Q3 middle	40.0 to 60.0		99	1.3%	66.7%	92	0.3%	55.4%	82	1.7%	64.6%
Q4 high	60.2 to 79.9	Current	103	0.7%	58.3%	101	0.6%	57.4%	89	2.1%	69.7%
Q5 highest	80.1 to 100.0		106	0.4%	53.8%	104	-0.0%	49.0%	89	1.2%	59.6%

SMH Semiconductors

Sector / Industry

95.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.7%	67.0%	105	8.4%	75.2%	105	29.4%	81.0%
Q2 low	20.1 to 39.8		102	3.7%	72.5%	99	11.5%	72.7%	94	28.9%	73.4%
Q3 middle	40.0 to 60.0		101	3.3%	69.3%	92	14.2%	79.3%	78	24.6%	80.8%
Q4 high	60.2 to 79.9		99	2.1%	59.6%	87	15.5%	74.7%	71	21.5%	80.3%
Q5 highest	80.1 to 100.0	Current	104	2.3%	61.5%	89	15.3%	76.4%	64	22.6%	81.2%

XHB Homebuilders

Sector / Industry

6.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	102	1.1%	52.9%	86	-0.5%	47.7%	57	2.9%	59.6%
Q2 low	20.1 to 39.8		104	1.2%	58.7%	90	1.7%	54.4%	77	-2.9%	35.1%
Q3 middle	40.0 to 60.0		100	-0.3%	47.0%	95	-2.2%	46.3%	87	0.5%	51.7%
Q4 high	60.2 to 79.9		103	0.6%	52.4%	98	-3.4%	42.9%	92	-4.1%	38.0%
Q5 highest	80.1 to 100.0		103	2.0%	57.3%	103	-2.6%	45.6%	99	1.3%	55.6%

KRE Regional Banks

Sector / Industry

32.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		98	4.4%	70.4%	83	8.8%	77.1%	71	9.5%	83.1%
Q2 low	20.1 to 39.8	Current	102	3.3%	58.8%	91	3.2%	64.8%	82	8.4%	73.2%
Q3 middle	40.0 to 60.0		104	2.8%	58.7%	97	4.7%	62.9%	85	8.9%	76.5%
Q4 high	60.2 to 79.9		104	2.0%	58.7%	97	5.6%	71.1%	89	7.9%	74.2%
Q5 highest	80.1 to 100.0		104	1.3%	55.8%	104	3.9%	68.3%	85	10.7%	88.2%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

1.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	95	-0.1%	49.5%	78	-0.4%	44.9%	59	-1.2%	40.7%
Q2 low	20.2 to 39.9		104	-0.0%	50.0%	94	-0.2%	46.8%	82	-1.0%	41.5%
Q3 middle	40.1 to 59.9		104	-0.1%	49.0%	98	-0.3%	46.9%	84	-0.5%	44.0%
Q4 high	60.1 to 79.8		103	-0.4%	43.7%	99	-1.4%	38.4%	88	-0.9%	43.2%
Q5 highest	80.0 to 100.0		105	0.7%	56.2%	102	-0.1%	48.0%	98	-0.4%	46.9%

IEF Intermediate Treasury

Rates / Credit

14.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	103	0.3%	55.3%	92	0.4%	62.0%	76	1.1%	63.2%
Q2 low	20.1 to 39.8		100	0.3%	61.0%	98	0.6%	60.2%	83	2.2%	73.5%
Q3 middle	40.0 to 60.0		99	0.2%	56.6%	89	0.9%	67.4%	79	1.4%	69.6%
Q4 high	60.2 to 79.9		105	0.5%	63.8%	98	1.0%	71.4%	86	2.2%	67.4%
Q5 highest	80.1 to 100.0		105	0.5%	68.6%	95	0.6%	66.3%	88	2.2%	73.9%

HYG High Yield Credit

Rates / Credit

24.1 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		100	0.6%	76.0%	88	1.4%	87.5%	78	3.2%	97.4%
Q2 low	20.2 to 39.9	Current	102	0.5%	77.5%	88	1.6%	94.3%	76	3.4%	98.7%
Q3 middle	40.1 to 59.9		102	0.8%	77.5%	94	1.8%	91.5%	86	3.6%	97.7%
Q4 high	60.1 to 79.8		102	0.7%	73.5%	99	1.3%	89.9%	82	3.2%	96.3%
Q5 highest	80.0 to 100.0		105	0.7%	75.2%	102	1.9%	95.1%	89	3.7%	98.9%

LQD Investment Grade Credit

Rates / Credit

84.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		97	0.2%	54.6%	81	0.4%	59.3%	68	0.9%	66.2%
Q2 low	20.1 to 39.8		105	0.3%	61.9%	98	0.6%	63.3%	85	0.8%	65.9%
Q3 middle	40.0 to 60.0		106	0.6%	71.7%	96	0.7%	68.8%	84	2.6%	73.8%
Q4 high	60.2 to 79.9		102	1.0%	76.5%	99	0.8%	69.7%	88	3.0%	77.3%
Q5 highest	80.1 to 100.0	Current	102	0.5%	66.7%	98	0.6%	62.2%	87	0.7%	69.0%

Commodity / Currency

GLD Gold

Commodity / Currency

22.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	0.6%	55.8%	85	10.5%	87.1%	76	17.2%	100.0%
Q2 low	20.1 to 39.8	Current	101	2.3%	68.3%	93	7.7%	78.5%	77	19.2%	97.4%
Q3 middle	40.0 to 60.0		102	2.2%	67.6%	94	10.7%	81.9%	79	21.1%	94.9%
Q4 high	60.2 to 79.9		102	3.7%	79.4%	101	11.9%	79.2%	91	18.7%	91.2%
Q5 highest	80.1 to 100.0		103	3.7%	70.9%	99	7.4%	78.8%	89	17.5%	83.1%

SLV Silver

Commodity / Currency

19.0 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	105	4.6%	76.2%	99	12.8%	92.9%	99	23.9%	96.0%
Q2 low	20.1 to 39.8		100	2.0%	58.0%	85	7.2%	74.1%	74	20.3%	87.8%
Q3 middle	40.0 to 60.0		102	2.0%	65.7%	92	7.1%	73.9%	79	21.6%	93.7%
Q4 high	60.2 to 79.9		100	2.6%	62.0%	93	9.1%	68.8%	77	29.4%	88.3%
Q5 highest	80.1 to 100.0		105	4.3%	57.1%	103	3.0%	52.4%	83	18.6%	68.7%

USO Oil

Commodity / Currency

53.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		100	-1.2%	41.0%	95	0.9%	52.6%	92	0.4%	51.1%
Q2 low	20.1 to 39.8		99	-2.3%	34.3%	87	-1.3%	47.1%	84	-1.7%	45.2%
Q3 middle	40.0 to 60.0	Current	102	-0.1%	50.0%	92	1.5%	53.3%	85	1.4%	51.8%
Q4 high	60.2 to 79.9		105	0.8%	55.2%	94	0.3%	51.1%	76	3.6%	64.5%
Q5 highest	80.1 to 100.0		106	3.4%	62.3%	104	3.1%	57.7%	75	5.2%	70.7%

UUP Dollar

Commodity / Currency

2.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	0.8%	62.2%	72	0.9%	62.5%	66	2.0%	81.8%
Q2 low	20.1 to 39.8		105	-0.1%	44.8%	96	0.8%	57.3%	85	2.1%	74.1%
Q3 middle	40.0 to 60.0		104	-0.2%	45.2%	102	0.9%	60.8%	93	2.7%	68.8%
Q4 high	60.2 to 79.9		101	0.1%	50.5%	99	1.6%	67.7%	79	2.1%	63.3%
Q5 highest	80.1 to 100.0		104	0.4%	56.7%	103	1.4%	73.8%	89	2.1%	65.2%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

98.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	2.2%	63.2%	103	3.2%	67.0%	102	2.5%	60.8%
Q2 low	20.2 to 39.9		106	1.3%	59.4%	103	2.1%	56.3%	99	8.6%	68.7%
Q3 middle	40.1 to 59.9		105	2.2%	60.0%	90	7.8%	72.2%	75	8.1%	73.3%
Q4 high	60.1 to 79.8		103	2.8%	68.9%	94	5.6%	72.3%	76	10.6%	71.1%
Q5 highest	80.0 to 100.0	Current	91	2.8%	62.6%	81	6.7%	70.4%	59	13.7%	69.5%

MSFT Microsoft

Single-Name Leadership

65.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.1%	50.0%	106	-1.5%	46.2%	106	-4.5%	34.9%
Q2 low	20.1 to 39.8		102	-1.1%	42.2%	100	-0.5%	49.0%	100	-2.2%	46.0%
Q3 middle	40.0 to 60.0		104	0.3%	52.9%	98	-0.0%	50.0%	96	-1.2%	49.0%
Q4 high	60.2 to 79.9	Current	97	-1.1%	41.2%	79	0.1%	51.9%	72	-1.0%	47.2%
Q5 highest	80.1 to 100.0		103	-2.0%	35.9%	89	1.6%	57.3%	38	-9.0%	42.1%

NVDA Nvidia

Single-Name Leadership

97.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.9%	57.5%	106	2.6%	59.4%	106	8.1%	79.2%
Q2 low	20.1 to 39.8		106	2.5%	60.4%	102	1.9%	54.9%	97	8.8%	80.4%
Q3 middle	40.0 to 60.0		104	2.6%	62.5%	104	8.5%	71.2%	92	11.2%	76.1%
Q4 high	60.2 to 79.9		100	-0.4%	49.0%	81	11.9%	75.3%	59	13.1%	86.4%
Q5 highest	80.1 to 100.0	Current	96	2.2%	56.2%	79	16.5%	75.9%	58	25.8%	93.1%

AMZN Amazon

Single-Name Leadership

81.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	4.1%	67.9%	105	0.8%	51.4%	105	2.2%	61.0%
Q2 low	20.2 to 39.9		104	2.3%	59.6%	98	3.4%	57.1%	96	6.1%	67.7%
Q3 middle	40.1 to 59.9		102	0.8%	53.9%	91	5.4%	64.8%	83	8.1%	75.9%
Q4 high	60.1 to 79.8		102	-0.4%	49.0%	93	5.4%	65.6%	74	8.3%	67.6%
Q5 highest	80.0 to 100.0	Current	97	2.7%	61.9%	84	11.1%	76.2%	53	12.6%	79.2%

META Meta

Single-Name Leadership

63.2 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	1.1%	58.1%	102	4.1%	66.7%	101	-1.7%	46.5%
Q2 low	20.1 to 39.8		103	0.6%	54.4%	97	3.7%	60.8%	97	-4.0%	46.4%
Q3 middle	40.0 to 60.0		103	2.3%	54.4%	91	3.5%	57.1%	82	3.2%	57.3%
Q4 high	60.2 to 79.9	Current	99	-1.3%	44.4%	92	1.8%	54.3%	72	7.0%	63.9%
Q5 highest	80.1 to 100.0		102	0.6%	51.0%	90	0.0%	50.0%	60	5.4%	70.0%

GOOGL Alphabet

Single-Name Leadership

89.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.3%	70.8%	105	3.1%	54.3%	105	2.3%	60.0%
Q2 low	20.1 to 39.8		101	3.0%	58.4%	96	14.9%	70.8%	94	22.3%	78.7%
Q3 middle	40.0 to 60.0		102	2.1%	58.8%	91	11.9%	73.6%	78	23.4%	88.5%
Q4 high	60.2 to 79.9		104	2.8%	58.7%	92	18.9%	79.3%	65	23.6%	81.5%
Q5 highest	80.1 to 100.0	Current	99	2.1%	52.5%	88	18.8%	79.5%	70	29.3%	85.7%

TSLA Tesla

Single-Name Leadership

99.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	7.5%	69.2%	104	24.5%	70.2%	103	15.3%	72.8%
Q2 low	20.1 to 39.8		106	1.1%	53.8%	103	6.1%	55.3%	101	14.4%	58.4%
Q3 middle	40.0 to 60.0		105	2.0%	53.3%	100	4.3%	59.0%	93	6.0%	53.8%
Q4 high	60.2 to 79.9		103	-3.0%	39.8%	94	5.0%	66.0%	72	18.2%	59.7%
Q5 highest	80.1 to 100.0	Current	94	0.8%	53.2%	71	6.9%	76.1%	43	10.1%	65.1%

Total Volume/OI Percentile

Measures how active the whole option tape is versus the existing option book.

Exact calculation

Percentile rank of Total Volume/OI Ratio within the same symbol's history. Raw ratio = total option volume / total open interest.

High reading means

Options activity is unusually active for that symbol.

Caveat

Can spike around events, expirations, or rebalance periods.

Index / Market

SPY S&P 500

Index / Market

94.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.7%	70.8%	105	3.3%	79.0%	105	4.9%	61.9%
Q2 low	20.1 to 39.8		106	1.7%	75.5%	104	5.2%	83.7%	103	6.7%	84.5%
Q3 middle	40.0 to 60.0		107	1.7%	75.7%	94	4.0%	74.5%	93	8.3%	91.4%
Q4 high	60.2 to 79.9		104	1.2%	62.5%	92	5.0%	78.3%	76	10.6%	98.7%
Q5 highest	80.1 to 100.0	Current	89	1.9%	66.3%	77	8.5%	88.3%	35	11.4%	100.0%

QQQ Nasdaq 100

Index / Market

97.0 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.1%	74.5%	106	6.5%	73.6%	106	9.5%	84.9%
Q2 low	20.1 to 39.8		106	2.3%	77.4%	104	5.7%	75.0%	104	6.2%	76.9%
Q3 middle	40.0 to 60.0		107	1.4%	67.3%	99	5.7%	71.7%	95	10.8%	88.4%
Q4 high	60.2 to 79.9		105	0.7%	59.0%	91	4.4%	67.0%	71	11.8%	93.0%
Q5 highest	80.1 to 100.0	Current	88	1.1%	59.1%	72	10.0%	84.7%	36	14.4%	100.0%

IWM Russell 2000

Index / Market

69.4 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.0%	82.1%	106	8.3%	85.8%	106	11.4%	69.8%
Q2 low	20.1 to 39.8		106	2.3%	66.0%	104	5.0%	74.0%	104	13.0%	70.2%
Q3 middle	40.0 to 60.0		105	2.3%	68.6%	93	3.9%	66.7%	89	8.8%	62.9%
Q4 high	60.2 to 79.9	Current	98	1.0%	57.1%	84	5.0%	75.0%	66	11.8%	84.8%
Q5 highest	80.1 to 100.0		97	1.9%	62.9%	85	7.4%	81.2%	47	11.5%	93.6%

DIA Dow Jones

Index / Market

19.7 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	100	2.5%	81.0%	89	5.6%	88.8%	81	9.3%	77.8%
Q2 low	20.1 to 39.8		104	2.1%	76.9%	94	4.6%	78.7%	84	6.4%	73.8%
Q3 middle	40.0 to 60.0		103	1.9%	68.9%	93	4.8%	73.1%	76	8.1%	88.2%
Q4 high	60.2 to 79.9		101	1.9%	71.3%	95	4.3%	71.6%	81	7.2%	88.9%
Q5 highest	80.1 to 100.0		104	1.8%	70.2%	101	4.7%	73.3%	90	5.6%	86.7%

RSP Equal-Weight S&P 500

Index / Market

64.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	2.3%	75.7%	100	4.1%	84.0%	91	8.0%	93.4%
Q2 low	20.1 to 39.8		101	2.2%	77.2%	92	2.7%	79.3%	79	6.5%	82.3%
Q3 middle	40.0 to 60.0		101	1.4%	69.3%	94	2.7%	74.5%	80	6.7%	80.0%
Q4 high	60.2 to 79.9	Current	102	2.0%	74.5%	89	3.6%	73.0%	76	5.7%	77.6%
Q5 highest	80.1 to 100.0		105	1.1%	58.1%	97	3.7%	73.2%	86	6.8%	83.7%

VTI Total Market

Index / Market

3.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	93	1.6%	76.3%	86	3.7%	70.9%	80	9.0%	78.8%
Q2 low	20.1 to 39.8		104	1.7%	72.1%	96	4.1%	78.1%	95	6.8%	75.8%
Q3 middle	40.0 to 60.0		105	2.0%	69.5%	97	4.6%	81.4%	84	8.5%	86.9%
Q4 high	60.2 to 79.9		104	1.7%	72.1%	94	5.3%	85.1%	81	8.1%	80.2%
Q5 highest	80.1 to 100.0		106	1.9%	62.3%	99	7.4%	85.9%	72	11.3%	93.1%

Sector / Industry

XLK Technology

Sector / Industry

50.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	2.0%	67.6%	95	9.1%	69.5%	78	10.2%	74.4%
Q2 low	20.1 to 39.8		105	1.0%	55.2%	94	3.7%	68.1%	84	9.4%	79.8%
Q3 middle	40.0 to 60.0	Current	100	2.1%	65.0%	94	8.1%	71.3%	77	8.3%	75.3%
Q4 high	60.2 to 79.9		102	2.7%	65.7%	95	8.1%	74.7%	82	10.4%	82.9%
Q5 highest	80.1 to 100.0		103	0.7%	57.3%	94	2.5%	61.7%	91	13.0%	91.2%

XLY Consumer Discretionary

Sector / Industry

20.5 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		99	1.0%	64.6%	83	0.5%	50.6%	69	-0.5%	46.4%
Q2 low	20.1 to 39.8	Current	98	0.9%	58.2%	92	2.4%	64.1%	82	0.8%	53.7%
Q3 middle	40.0 to 60.0		107	0.7%	56.1%	101	2.7%	68.3%	89	1.9%	55.1%
Q4 high	60.2 to 79.9		104	1.1%	61.5%	98	6.6%	84.7%	91	8.9%	71.4%
Q5 highest	80.1 to 100.0		104	1.7%	67.3%	98	6.2%	85.7%	81	14.4%	71.6%

XLC Communication Services

Sector / Industry

32.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		99	-0.3%	47.5%	74	0.6%	55.4%	43	4.9%	86.0%
Q2 low	20.2 to 39.9	Current	97	1.2%	60.8%	91	2.0%	65.9%	81	7.8%	79.0%
Q3 middle	40.1 to 59.9		105	1.3%	62.9%	100	3.8%	75.0%	96	8.8%	80.2%
Q4 high	60.1 to 79.8		103	2.4%	71.8%	102	6.3%	86.3%	101	9.7%	85.1%
Q5 highest	80.0 to 100.0		107	1.5%	58.9%	104	3.5%	67.3%	90	8.2%	91.1%

XLF Financials

Sector / Industry

6.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	103	2.3%	68.9%	96	4.3%	71.9%	94	5.1%	71.3%
Q2 low	20.1 to 39.8		99	1.6%	61.6%	89	2.7%	73.0%	84	3.5%	69.0%
Q3 middle	40.0 to 60.0		103	1.2%	62.1%	93	2.6%	68.8%	81	4.5%	72.8%
Q4 high	60.2 to 79.9		102	2.0%	63.7%	93	4.3%	74.2%	76	4.1%	86.8%
Q5 highest	80.1 to 100.0		105	0.4%	53.3%	101	2.5%	72.3%	77	4.9%	79.2%

XLI Industrials

Sector / Industry

26.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		105	2.2%	73.3%	95	3.7%	78.9%	90	9.1%	86.7%
Q2 low	20.2 to 39.9	Current	99	1.2%	72.7%	91	4.2%	78.0%	81	9.4%	88.9%
Q3 middle	40.1 to 59.9		101	1.5%	66.3%	92	4.6%	81.5%	78	10.5%	93.6%
Q4 high	60.1 to 79.8		101	1.2%	60.4%	95	7.1%	77.9%	78	12.3%	88.5%
Q5 highest	80.0 to 100.0		105	2.7%	68.6%	98	6.0%	76.5%	84	10.8%	90.5%

XLE Energy

Sector / Industry

66.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		98	1.1%	59.2%	95	3.5%	67.4%	91	7.9%	68.1%
Q2 low	20.1 to 39.8		104	0.6%	54.8%	94	3.4%	68.1%	88	8.4%	73.9%
Q3 middle	40.0 to 60.0		104	1.1%	61.5%	90	4.1%	74.4%	81	5.5%	72.8%
Q4 high	60.2 to 79.9	Current	99	1.2%	55.6%	90	1.8%	57.8%	73	3.6%	68.5%
Q5 highest	80.1 to 100.0		107	1.2%	57.9%	103	1.4%	55.3%	79	4.2%	75.9%

XLB Materials

Sector / Industry

53.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.8%	67.0%	93	4.1%	65.6%	85	8.1%	75.3%
Q2 low	20.1 to 39.8		99	0.1%	51.5%	89	1.5%	60.7%	76	2.6%	65.8%
Q3 middle	40.0 to 60.0	Current	104	-0.3%	49.0%	100	2.2%	59.0%	85	3.3%	68.2%
Q4 high	60.2 to 79.9		102	0.9%	55.9%	92	1.5%	55.4%	82	2.2%	65.9%
Q5 highest	80.1 to 100.0		104	1.4%	57.7%	98	1.5%	55.1%	84	4.6%	73.8%

XLU Utilities

Sector / Industry

16.0 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	95	0.6%	57.9%	85	5.2%	77.6%	68	6.2%	98.5%
Q2 low	20.2 to 39.9		102	1.3%	63.7%	87	5.2%	73.6%	75	7.5%	97.3%
Q3 middle	40.1 to 59.9		101	1.4%	60.4%	95	4.3%	76.8%	85	8.6%	92.9%
Q4 high	60.1 to 79.8		106	1.5%	65.1%	102	4.0%	72.5%	94	7.9%	89.4%
Q5 highest	80.0 to 100.0		107	1.6%	60.7%	102	2.2%	61.8%	89	6.2%	86.5%

XLRE Real Estate

Sector / Industry

96.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	0.5%	61.5%	94	0.9%	61.7%	88	2.1%	63.6%
Q2 low	20.1 to 39.8		101	0.5%	60.4%	95	1.1%	62.1%	85	2.1%	65.9%
Q3 middle	40.0 to 60.0		103	0.9%	62.1%	94	1.5%	64.9%	78	1.4%	64.1%
Q4 high	60.2 to 79.9		102	0.9%	57.8%	94	1.0%	60.6%	81	2.5%	69.1%
Q5 highest	80.1 to 100.0	Current	102	2.0%	65.7%	95	2.8%	64.2%	80	2.5%	65.0%

XLV Health Care

Sector / Industry

22.4 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	0.0%	51.0%	88	1.7%	56.8%	58	0.6%	55.2%
Q2 low	20.1 to 39.8	Current	100	0.6%	54.0%	88	1.9%	53.4%	70	0.4%	51.4%
Q3 middle	40.0 to 60.0		104	-0.1%	49.0%	99	-1.5%	46.5%	92	-2.4%	40.2%
Q4 high	60.2 to 79.9		103	0.7%	56.3%	99	0.6%	52.5%	95	-3.5%	32.6%
Q5 highest	80.1 to 100.0		103	1.4%	70.9%	98	2.1%	67.3%	97	-0.5%	47.4%

XLP Consumer Staples

Sector / Industry

68.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.4%	54.7%	92	1.2%	66.3%	80	4.7%	81.2%
Q2 low	20.1 to 39.8		102	0.4%	55.9%	86	1.7%	65.1%	74	1.9%	70.3%
Q3 middle	40.0 to 60.0		102	1.0%	61.8%	96	0.2%	54.2%	87	2.5%	79.3%
Q4 high	60.2 to 79.9	Current	96	0.8%	58.3%	94	0.8%	58.5%	83	1.5%	62.7%
Q5 highest	80.1 to 100.0		106	0.5%	54.7%	104	0.2%	52.9%	88	1.5%	63.6%

SMH Semiconductors

Sector / Industry

94.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	4.0%	75.5%	105	10.5%	81.0%	104	33.7%	83.7%
Q2 low	20.1 to 39.8		103	2.8%	64.1%	100	13.1%	74.0%	94	29.5%	77.7%
Q3 middle	40.0 to 60.0		102	2.4%	65.7%	92	14.3%	71.7%	78	22.7%	74.4%
Q4 high	60.2 to 79.9		98	3.4%	69.4%	87	13.8%	78.2%	69	20.0%	78.3%
Q5 highest	80.1 to 100.0	Current	103	2.1%	55.3%	88	11.1%	72.7%	67	17.4%	80.6%

XHB Homebuilders

Sector / Industry

17.5 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	102	1.4%	56.9%	89	2.1%	53.9%	62	3.3%	61.3%
Q2 low	20.1 to 39.8		103	1.0%	55.3%	90	3.7%	61.1%	79	1.0%	54.4%
Q3 middle	40.0 to 60.0		102	0.2%	50.0%	97	-5.1%	41.2%	86	-6.0%	32.6%
Q4 high	60.2 to 79.9		102	0.3%	51.0%	97	-4.1%	38.1%	94	-2.4%	42.6%
Q5 highest	80.1 to 100.0		103	1.6%	55.3%	99	-3.0%	43.4%	91	0.7%	51.6%

KRE Regional Banks

Sector / Industry

13.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	4.1%	64.3%	79	5.6%	68.4%	68	8.2%	77.9%
Q2 low	20.1 to 39.8		102	3.6%	62.7%	92	6.6%	67.4%	77	6.9%	76.6%
Q3 middle	40.0 to 60.0		104	2.2%	57.7%	99	6.8%	73.7%	91	11.7%	79.1%
Q4 high	60.2 to 79.9		104	2.3%	55.8%	100	3.1%	66.0%	89	8.4%	76.4%
Q5 highest	80.1 to 100.0		104	2.5%	61.5%	102	3.9%	67.6%	87	9.7%	83.9%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

7.9 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	98	-0.2%	49.0%	81	-0.5%	40.7%	65	-0.3%	44.6%
Q2 low	20.2 to 39.9		100	0.4%	53.0%	91	0.1%	52.7%	75	-0.1%	48.0%
Q3 middle	40.1 to 59.9		103	-0.1%	45.6%	96	0.6%	57.3%	85	-1.0%	43.5%
Q4 high	60.1 to 79.8		103	-0.2%	45.6%	98	-1.3%	36.7%	86	-1.1%	41.9%
Q5 highest	80.0 to 100.0		107	0.7%	55.1%	105	-1.2%	38.1%	100	-0.9%	41.0%

IEF Intermediate Treasury

Rates / Credit

55.3 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.3%	54.7%	98	1.0%	65.3%	84	2.3%	71.4%
Q2 low	20.1 to 39.8		102	0.2%	56.9%	98	0.6%	61.2%	89	2.0%	73.0%
Q3 middle	40.0 to 60.0	Current	100	0.5%	63.0%	93	0.9%	66.7%	80	1.5%	63.7%
Q4 high	60.2 to 79.9		100	0.6%	72.0%	95	1.0%	76.8%	82	2.0%	73.2%
Q5 highest	80.1 to 100.0		104	0.3%	59.6%	88	0.4%	56.8%	77	1.5%	66.2%

HYG High Yield Credit

Rates / Credit

32.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		99	0.6%	79.8%	85	1.4%	88.2%	77	3.1%	97.4%
Q2 low	20.2 to 39.9	Current	100	0.6%	74.0%	91	1.5%	91.2%	77	3.3%	98.7%
Q3 middle	40.1 to 59.9		104	0.7%	75.0%	92	1.8%	92.4%	81	3.5%	96.3%
Q4 high	60.1 to 79.8		103	0.7%	74.8%	101	1.7%	94.1%	87	3.5%	97.7%
Q5 highest	80.0 to 100.0		105	0.7%	76.2%	102	1.9%	92.2%	89	3.7%	98.9%

LQD Investment Grade Credit

Rates / Credit

94.0 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		102	0.1%	53.9%	89	0.6%	59.6%	75	0.8%	68.0%
Q2 low	20.1 to 39.8		100	0.4%	60.0%	87	0.9%	70.1%	74	2.8%	78.4%
Q3 middle	40.0 to 60.0		105	0.7%	71.4%	100	0.5%	68.0%	92	1.8%	71.7%
Q4 high	60.2 to 79.9		103	0.6%	74.8%	99	0.7%	65.7%	80	2.6%	75.0%
Q5 highest	80.1 to 100.0	Current	102	0.9%	71.6%	97	0.6%	60.8%	91	0.4%	61.5%

Commodity / Currency

GLD Gold

Commodity / Currency

9.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	1.6%	60.2%	81	10.2%	85.2%	70	16.8%	100.0%
Q2 low	20.1 to 39.8		100	1.8%	62.0%	87	9.2%	83.9%	75	21.1%	97.3%
Q3 middle	40.0 to 60.0		102	3.4%	74.5%	97	10.8%	81.4%	87	18.3%	90.8%
Q4 high	60.2 to 79.9		105	3.2%	73.3%	101	11.4%	78.2%	84	19.4%	95.2%
Q5 highest	80.1 to 100.0		107	3.2%	71.0%	106	7.6%	77.4%	96	17.4%	84.4%

SLV Silver

Commodity / Currency

10.9 Q1 lowest

Current quintile 1 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	105	3.5%	72.4%	99	10.7%	88.9%	96	21.3%	93.8%
Q2 low	20.1 to 39.8		95	2.6%	70.5%	87	7.6%	75.9%	77	20.8%	89.6%
Q3 middle	40.0 to 60.0		102	1.8%	54.9%	85	4.3%	63.5%	68	17.6%	91.2%
Q4 high	60.2 to 79.9		104	3.5%	66.3%	98	10.6%	77.6%	84	34.9%	94.0%
Q5 highest	80.1 to 100.0		106	1.3%	55.7%	103	5.1%	55.3%	87	21.1%	67.8%

USO Oil

Commodity / Currency

83.1 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		101	-1.6%	36.6%	98	2.4%	58.2%	98	-0.9%	45.9%
Q2 low	20.1 to 39.8		99	-0.2%	47.5%	92	-0.4%	47.8%	89	1.1%	52.8%
Q3 middle	40.0 to 60.0		104	-2.2%	39.4%	91	-2.1%	42.9%	86	-0.4%	48.8%
Q4 high	60.2 to 79.9		105	1.7%	55.2%	91	0.3%	51.6%	71	3.0%	60.6%
Q5 highest	80.1 to 100.0	Current	103	3.5%	65.0%	100	3.1%	61.0%	68	6.6%	79.4%

UUP Dollar

Commodity / Currency

7.3 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	103	0.1%	51.5%	78	1.1%	69.2%	63	3.3%	76.2%
Q2 low	20.1 to 39.8		98	-0.3%	44.9%	94	0.8%	58.5%	83	2.1%	72.3%
Q3 middle	40.0 to 60.0		102	0.0%	50.0%	98	1.2%	63.3%	87	1.7%	67.8%
Q4 high	60.2 to 79.9		102	0.3%	53.9%	99	1.3%	66.7%	86	2.4%	73.3%
Q5 highest	80.1 to 100.0		107	0.5%	57.9%	103	1.2%	66.0%	93	1.9%	63.4%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

98.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.2%	58.5%	106	1.9%	62.3%	102	2.5%	59.8%
Q2 low	20.2 to 39.9		106	1.4%	60.4%	102	3.0%	61.8%	92	5.3%	60.9%
Q3 middle	40.1 to 59.9		104	3.3%	66.3%	98	7.8%	71.4%	86	12.7%	81.4%
Q4 high	60.1 to 79.8		102	1.9%	61.8%	91	6.2%	69.2%	76	14.1%	69.7%
Q5 highest	80.0 to 100.0	Current	93	4.8%	67.7%	74	6.7%	74.3%	55	14.1%	72.7%

MSFT Microsoft

Single-Name Leadership

47.6 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.4%	51.9%	106	0.4%	51.9%	105	-5.2%	34.3%
Q2 low	20.1 to 39.8		101	0.0%	50.5%	98	0.6%	54.1%	97	-0.6%	49.5%
Q3 middle	40.0 to 60.0	Current	101	-1.3%	46.5%	98	-1.1%	42.9%	96	-2.3%	43.8%
Q4 high	60.2 to 79.9		102	-0.7%	45.1%	87	-0.2%	49.4%	72	-0.5%	47.2%
Q5 highest	80.1 to 100.0		102	-2.7%	28.4%	83	0.6%	55.4%	42	-6.2%	47.6%

NVDA Nvidia

Single-Name Leadership

96.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.2%	60.4%	106	3.4%	66.0%	103	8.5%	78.6%
Q2 low	20.1 to 39.8		106	2.7%	63.2%	103	4.1%	62.1%	91	9.2%	83.5%
Q3 middle	40.0 to 60.0		106	2.0%	57.5%	104	6.7%	66.3%	91	12.0%	80.2%
Q4 high	60.2 to 79.9		98	0.8%	56.1%	90	9.1%	73.3%	68	7.9%	77.9%
Q5 highest	80.1 to 100.0	Current	96	-0.7%	47.9%	69	9.4%	65.2%	59	21.6%	91.5%

AMZN Amazon

Single-Name Leadership

73.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	4.3%	71.7%	101	3.9%	56.4%	98	6.3%	68.4%
Q2 low	20.2 to 39.9		102	2.3%	55.9%	94	4.6%	61.7%	87	7.7%	73.6%
Q3 middle	40.1 to 59.9		103	2.6%	63.1%	98	6.2%	66.3%	79	8.4%	65.8%
Q4 high	60.1 to 79.8	Current	97	-1.5%	45.4%	86	4.1%	60.5%	73	8.2%	74.0%
Q5 highest	80.0 to 100.0		103	0.6%	55.3%	92	5.5%	67.4%	74	4.1%	63.5%

META Meta

Single-Name Leadership

60.9 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.4%	59.2%	101	4.4%	64.4%	99	-1.9%	45.5%
Q2 low	20.1 to 39.8		101	0.9%	53.5%	90	3.7%	61.1%	83	9.3%	54.2%
Q3 middle	40.0 to 60.0		103	1.9%	53.4%	95	1.5%	53.7%	85	3.0%	54.1%
Q4 high	60.2 to 79.9	Current	102	-0.7%	48.0%	90	4.2%	56.7%	69	11.7%	68.1%
Q5 highest	80.1 to 100.0		103	-0.3%	48.5%	96	0.5%	54.2%	76	3.9%	57.9%

GOOGL Alphabet

Single-Name Leadership

90.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.8%	72.6%	105	7.1%	63.8%	105	5.3%	68.6%
Q2 low	20.1 to 39.8		102	3.7%	63.7%	99	11.2%	70.7%	94	22.2%	81.9%
Q3 middle	40.0 to 60.0		100	3.9%	61.0%	92	16.2%	80.4%	75	24.1%	85.3%
Q4 high	60.2 to 79.9		103	1.4%	54.4%	91	13.8%	72.5%	69	19.8%	76.8%
Q5 highest	80.1 to 100.0	Current	101	-0.5%	47.5%	85	15.9%	68.2%	69	22.3%	76.8%

TSLA Tesla

Single-Name Leadership

96.2 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	8.2%	71.2%	104	24.8%	72.1%	102	22.3%	75.5%
Q2 low	20.1 to 39.8		105	2.4%	60.0%	105	3.2%	54.3%	102	12.8%	60.8%
Q3 middle	40.0 to 60.0		105	-2.3%	45.7%	99	6.1%	67.7%	83	18.5%	56.6%
Q4 high	60.2 to 79.9		102	-2.7%	39.2%	95	2.3%	56.8%	74	2.6%	52.7%
Q5 highest	80.1 to 100.0	Current	96	1.2%	53.1%	69	6.8%	75.4%	51	7.1%	58.8%

Average IV Rank

Measures whether the option market is pricing high volatility versus that asset's own history.

Exact calculation

Percentile rank of average implied volatility within the same symbol's history.

High reading means

Options are expensive versus normal for that asset.

Caveat

High IV can mean risk, opportunity, or event premium; use the forward-return table.

Index / Market

SPY S&P 500

Index / Market

32.0 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.0%	60.4%	106	3.5%	71.7%	106	6.5%	87.7%
Q2 low	20.1 to 39.8	Current	98	1.6%	72.4%	85	4.2%	76.5%	83	7.9%	83.1%
Q3 middle	40.0 to 60.0		102	1.2%	65.7%	91	4.3%	79.1%	73	8.4%	87.7%
Q4 high	60.2 to 79.9		102	1.3%	65.7%	92	4.6%	81.5%	75	8.9%	89.3%
Q5 highest	80.1 to 100.0		104	3.7%	87.5%	98	8.9%	93.9%	75	10.4%	72.0%

QQQ Nasdaq 100

Index / Market

86.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.5%	67.0%	106	3.8%	63.2%	106	6.9%	86.8%
Q2 low	20.1 to 39.8		106	1.6%	61.3%	98	6.2%	75.5%	79	8.9%	84.8%
Q3 middle	40.0 to 60.0		107	0.5%	57.0%	101	5.0%	75.2%	84	8.2%	82.1%
Q4 high	60.2 to 79.9		103	1.6%	71.8%	101	6.2%	71.3%	86	10.6%	88.4%
Q5 highest	80.1 to 100.0	Current	90	3.6%	84.4%	66	11.6%	90.9%	57	19.7%	91.2%

IWM Russell 2000

Index / Market

49.1 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		97	1.3%	63.9%	85	3.6%	70.6%	75	10.4%	69.3%
Q2 low	20.1 to 39.8		103	1.9%	66.0%	95	7.2%	78.9%	81	9.8%	69.1%
Q3 middle	40.0 to 60.0	Current	104	1.3%	61.5%	100	3.9%	71.0%	95	5.8%	66.3%
Q4 high	60.2 to 79.9		105	2.7%	72.4%	99	7.4%	80.8%	87	13.9%	82.8%
Q5 highest	80.1 to 100.0		103	4.2%	73.8%	93	9.3%	81.7%	74	17.5%	81.1%

DIA Dow Jones

Index / Market

21.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		99	0.5%	56.6%	93	3.5%	68.8%	83	6.8%	81.9%
Q2 low	20.1 to 39.8	Current	101	1.5%	67.3%	87	3.7%	74.7%	70	5.7%	80.0%
Q3 middle	40.0 to 60.0		105	2.0%	78.1%	97	5.0%	82.5%	89	5.4%	76.4%
Q4 high	60.2 to 79.9		103	2.4%	79.6%	93	5.0%	74.2%	84	7.6%	84.5%
Q5 highest	80.1 to 100.0		104	3.7%	85.6%	102	7.8%	83.3%	86	11.0%	91.9%

RSP Equal-Weight S&P 500

Index / Market

87.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	1.6%	73.6%	106	4.0%	81.1%	102	6.3%	85.3%
Q2 low	20.1 to 39.8		106	0.9%	61.3%	104	1.8%	68.3%	97	5.3%	75.3%
Q3 middle	40.0 to 60.0		105	1.6%	63.8%	100	2.7%	68.0%	91	7.3%	84.6%
Q4 high	60.2 to 79.9		101	2.2%	72.3%	89	4.8%	78.7%	71	7.2%	87.3%
Q5 highest	80.1 to 100.0	Current	94	2.9%	85.1%	73	5.6%	93.2%	51	8.8%	90.2%

VTI Total Market

Index / Market

41.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.1%	66.0%	93	4.1%	93.5%	81	8.3%	88.9%
Q2 low	20.1 to 39.8		96	1.8%	71.9%	86	5.8%	84.9%	70	7.0%	75.7%
Q3 middle	40.0 to 60.0	Current	100	1.4%	69.0%	92	5.4%	81.5%	74	8.0%	81.1%
Q4 high	60.2 to 79.9		106	1.4%	65.1%	97	4.3%	75.3%	89	7.8%	77.5%
Q5 highest	80.1 to 100.0		107	2.7%	79.4%	104	5.6%	69.2%	98	10.7%	87.8%

Sector / Industry

XLK Technology

Sector / Industry

89.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.8%	67.0%	103	6.7%	69.9%	99	7.4%	78.8%
Q2 low	20.1 to 39.8		106	0.1%	51.9%	103	7.5%	76.7%	87	11.2%	79.3%
Q3 middle	40.0 to 60.0		107	0.9%	59.8%	103	6.6%	66.0%	78	9.8%	80.8%
Q4 high	60.2 to 79.9		106	1.3%	64.2%	101	2.9%	61.4%	91	8.8%	76.9%
Q5 highest	80.1 to 100.0	Current	87	3.3%	69.0%	62	10.0%	72.6%	57	18.5%	94.7%

XLY Consumer Discretionary

Sector / Industry

30.8 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		93	0.5%	52.7%	84	2.7%	71.4%	76	1.3%	59.2%
Q2 low	20.1 to 39.8	Current	100	0.4%	55.0%	90	2.0%	62.2%	73	0.1%	50.7%
Q3 middle	40.0 to 60.0		107	0.8%	61.7%	95	4.5%	72.6%	88	2.6%	60.2%
Q4 high	60.2 to 79.9		105	1.9%	68.6%	99	5.0%	77.8%	81	3.8%	60.5%
Q5 highest	80.1 to 100.0		107	1.9%	68.2%	104	8.0%	72.1%	94	12.6%	68.1%

XLC Communication Services

Sector / Industry

56.5 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		105	1.1%	61.0%	103	1.6%	68.0%	90	4.0%	73.3%
Q2 low	20.2 to 39.9		102	0.6%	57.8%	92	3.2%	72.8%	73	7.6%	82.2%
Q3 middle	40.1 to 59.9	Current	97	1.2%	60.8%	83	2.9%	74.7%	69	6.7%	85.5%
Q4 high	60.1 to 79.8		101	0.6%	54.5%	88	2.2%	60.2%	78	8.9%	85.9%
Q5 highest	80.0 to 100.0		106	3.5%	67.9%	105	8.6%	78.1%	101	12.2%	93.1%

XLF Financials

Sector / Industry

46.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	-0.2%	48.5%	95	-0.1%	49.5%	81	3.8%	80.2%
Q2 low	20.1 to 39.8		104	1.3%	67.3%	90	2.2%	68.9%	81	4.0%	74.1%
Q3 middle	40.0 to 60.0	Current	101	1.5%	60.4%	92	4.2%	80.4%	77	5.9%	75.3%
Q4 high	60.2 to 79.9		98	2.6%	69.4%	92	4.4%	81.5%	81	4.1%	81.5%
Q5 highest	80.1 to 100.0		106	3.6%	64.2%	103	4.5%	79.6%	92	4.4%	67.4%

XLI Industrials

Sector / Industry

47.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.0%	58.5%	105	3.1%	75.2%	100	11.1%	93.0%
Q2 low	20.2 to 39.9		105	1.2%	65.7%	104	3.2%	73.1%	101	9.7%	89.1%
Q3 middle	40.1 to 59.9	Current	102	1.3%	65.7%	99	4.2%	76.8%	91	8.5%	82.4%
Q4 high	60.1 to 79.8		101	1.5%	69.3%	90	5.4%	81.1%	72	12.2%	91.7%
Q5 highest	80.0 to 100.0		97	4.9%	83.5%	73	7.5%	90.4%	47	13.3%	93.6%

XLE Energy

Sector / Industry

54.7 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.3%	46.2%	106	-0.6%	45.3%	104	0.7%	52.9%
Q2 low	20.1 to 39.8		106	0.9%	53.8%	103	3.5%	63.1%	96	3.1%	60.4%
Q3 middle	40.0 to 60.0	Current	102	1.4%	64.7%	97	2.5%	67.0%	87	5.9%	78.2%
Q4 high	60.2 to 79.9		102	3.0%	66.7%	89	5.3%	75.3%	75	10.0%	88.0%
Q5 highest	80.1 to 100.0		96	1.6%	58.3%	77	6.2%	76.6%	50	10.4%	98.0%

XLB Materials

Sector / Industry

68.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.6%	52.8%	106	-0.5%	46.2%	106	0.9%	56.6%
Q2 low	20.1 to 39.8		106	-0.2%	47.2%	106	0.9%	52.8%	106	2.0%	60.4%
Q3 middle	40.0 to 60.0		106	2.3%	62.3%	105	4.0%	70.5%	100	7.5%	80.0%
Q4 high	60.2 to 79.9	Current	95	0.8%	58.9%	78	3.9%	62.8%	56	4.6%	80.4%
Q5 highest	80.1 to 100.0		99	2.4%	60.6%	77	3.7%	66.2%	44	7.2%	88.6%

XLU Utilities

Sector / Industry

57.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.5%	67.0%	106	5.5%	87.7%	98	8.3%	93.9%
Q2 low	20.2 to 39.9		103	1.8%	70.9%	103	4.5%	73.8%	91	7.8%	95.6%
Q3 middle	40.1 to 59.9	Current	103	2.0%	61.2%	95	4.4%	74.7%	85	8.0%	94.1%
Q4 high	60.1 to 79.8		98	-0.2%	46.9%	87	2.4%	60.9%	74	5.1%	87.8%
Q5 highest	80.0 to 100.0		101	1.6%	61.4%	80	1.9%	58.8%	63	6.5%	88.9%

XLRE Real Estate

Sector / Industry

8.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	95	0.3%	52.6%	78	-1.3%	35.9%	71	-0.3%	49.3%
Q2 low	20.1 to 39.8		102	0.4%	58.8%	95	0.8%	57.9%	80	0.1%	51.2%
Q3 middle	40.0 to 60.0		105	0.9%	63.8%	98	2.4%	71.4%	86	3.1%	74.4%
Q4 high	60.2 to 79.9		104	0.7%	62.5%	101	2.2%	72.3%	88	2.6%	76.1%
Q5 highest	80.1 to 100.0		106	2.4%	68.9%	100	2.5%	70.0%	87	3.5%	72.4%

XLV Health Care

Sector / Industry

90.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.9%	61.3%	103	-0.7%	47.6%	96	-3.8%	27.1%
Q2 low	20.1 to 39.8		104	0.6%	53.8%	98	-1.8%	41.8%	88	-3.1%	33.0%
Q3 middle	40.0 to 60.0		106	0.6%	52.8%	98	0.4%	52.0%	85	-1.6%	47.1%
Q4 high	60.2 to 79.9		100	0.6%	56.0%	88	3.3%	68.2%	73	2.7%	61.6%
Q5 highest	80.1 to 100.0	Current	96	0.8%	57.3%	85	2.5%	70.6%	70	2.6%	60.0%

XLP Consumer Staples

Sector / Industry

86.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.2%	52.8%	105	-0.1%	45.7%	99	2.5%	63.6%
Q2 low	20.1 to 39.8		106	0.3%	54.7%	105	0.8%	58.1%	99	2.8%	80.8%
Q3 middle	40.0 to 60.0		103	1.0%	59.2%	94	0.6%	58.5%	86	2.2%	77.9%
Q4 high	60.2 to 79.9		103	0.6%	56.3%	87	0.8%	59.8%	77	2.7%	64.9%
Q5 highest	80.1 to 100.0	Current	94	1.0%	62.8%	81	1.8%	77.8%	51	1.5%	66.7%

SMH Semiconductors

Sector / Industry

95.3 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	2.3%	60.4%	105	2.0%	56.2%	103	16.3%	74.8%
Q2 low	20.1 to 39.8		106	0.9%	58.5%	103	10.5%	76.7%	89	29.4%	71.9%
Q3 middle	40.0 to 60.0		107	2.5%	63.6%	101	15.3%	80.2%	80	28.1%	77.5%
Q4 high	60.2 to 79.9		106	5.5%	80.2%	98	16.2%	85.7%	80	31.4%	88.8%
Q5 highest	80.1 to 100.0	Current	87	4.0%	67.8%	65	16.3%	83.1%	60	37.5%	86.7%

XHB Homebuilders

Sector / Industry

34.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	-1.4%	42.3%	103	-4.0%	39.8%	96	0.6%	54.2%
Q2 low	20.1 to 39.8	Current	100	-0.4%	47.0%	93	-1.6%	44.1%	85	-1.3%	42.4%
Q3 middle	40.0 to 60.0		103	-0.3%	48.5%	98	0.5%	51.0%	91	-0.1%	49.5%
Q4 high	60.2 to 79.9		102	2.8%	62.7%	88	-1.6%	46.6%	75	-1.2%	46.7%
Q5 highest	80.1 to 100.0		103	3.5%	68.0%	90	1.5%	55.6%	65	-1.5%	43.1%

KRE Regional Banks

Sector / Industry

12.6 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	1.6%	56.1%	85	0.5%	54.1%	73	9.5%	76.7%
Q2 low	20.1 to 39.8		101	3.7%	59.4%	90	4.6%	65.6%	79	9.8%	86.1%
Q3 middle	40.0 to 60.0		105	3.1%	61.9%	95	5.0%	69.5%	83	7.3%	77.1%
Q4 high	60.2 to 79.9		105	2.8%	61.0%	101	8.1%	76.2%	91	8.1%	72.5%
Q5 highest	80.1 to 100.0		103	3.9%	63.1%	101	7.2%	75.2%	86	11.9%	82.6%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

8.7 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0	Current	89	-0.9%	25.8%	76	-1.3%	21.1%	50	-2.1%	22.0%
Q2 low	20.2 to 39.9		103	-0.3%	42.7%	86	-0.8%	29.1%	66	-2.3%	13.6%
Q3 middle	40.1 to 59.9		106	1.0%	67.0%	97	-0.2%	48.5%	88	-0.2%	45.5%
Q4 high	60.1 to 79.8		106	0.7%	58.5%	105	-0.0%	49.5%	100	-0.6%	46.0%
Q5 highest	80.0 to 100.0		107	0.3%	50.5%	107	1.8%	67.3%	107	3.3%	68.2%

IEF Intermediate Treasury

Rates / Credit

79.1 Q4 high

Current quintile 4; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	0.1%	54.8%	97	0.2%	56.7%	58	1.3%	67.2%
Q2 low	20.1 to 39.8		100	0.2%	60.0%	89	1.0%	68.5%	79	0.5%	57.0%
Q3 middle	40.0 to 60.0		100	0.5%	75.0%	90	1.0%	73.3%	82	1.2%	68.3%
Q4 high	60.2 to 79.9	Current	103	0.5%	61.2%	94	0.9%	66.0%	91	2.2%	69.2%
Q5 highest	80.1 to 100.0		105	0.3%	55.2%	102	0.6%	63.7%	102	2.9%	82.4%

HYG High Yield Credit

Rates / Credit

74.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		100	0.4%	73.0%	84	1.3%	91.7%	67	2.4%	98.5%
Q2 low	20.2 to 39.9		102	0.5%	68.6%	90	1.4%	88.9%	76	2.7%	97.4%
Q3 middle	40.1 to 59.9		102	0.7%	78.4%	95	1.7%	86.3%	84	3.6%	97.6%
Q4 high	60.1 to 79.8	Current	102	0.9%	78.4%	97	2.2%	96.9%	87	3.9%	98.9%
Q5 highest	80.0 to 100.0		105	0.8%	81.0%	105	2.2%	94.3%	97	3.9%	96.9%

LQD Investment Grade Credit

Rates / Credit

43.2 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		97	0.1%	58.8%	82	-0.1%	47.6%	54	0.4%	68.5%
Q2 low	20.1 to 39.8		98	0.4%	64.3%	78	0.7%	69.2%	58	1.0%	72.4%
Q3 middle	40.0 to 60.0	Current	105	0.4%	61.9%	100	0.9%	65.0%	91	2.5%	73.6%
Q4 high	60.2 to 79.9		106	0.7%	65.1%	106	0.6%	60.4%	104	1.0%	66.3%
Q5 highest	80.1 to 100.0		106	1.0%	81.1%	106	2.1%	79.2%	105	3.9%	72.4%

Commodity / Currency

GLD Gold

Commodity / Currency

82.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	3.4%	81.1%	106	13.5%	93.4%	106	21.1%	100.0%
Q2 low	20.1 to 39.8		106	3.3%	80.2%	106	10.9%	96.2%	106	19.3%	100.0%
Q3 middle	40.0 to 60.0		107	3.2%	76.6%	107	11.7%	90.7%	107	19.4%	95.3%
Q4 high	60.2 to 79.9		104	3.2%	74.0%	101	5.7%	77.2%	87	15.0%	77.0%
Q5 highest	80.1 to 100.0	Current	89	-3.3%	22.5%	52	-11.8%	11.5%	6	-6.8%	33.3%

SLV Silver

Commodity / Currency

80.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	6.4%	79.2%	106	24.9%	100.0%	106	60.5%	100.0%
Q2 low	20.1 to 39.8		106	3.3%	70.8%	106	13.0%	92.5%	106	30.6%	96.2%
Q3 middle	40.0 to 60.0		107	2.6%	65.4%	107	7.8%	76.6%	107	10.0%	81.3%
Q4 high	60.2 to 79.9		102	2.6%	61.8%	77	4.9%	63.6%	75	7.9%	82.7%
Q5 highest	80.1 to 100.0	Current	91	-4.5%	38.5%	76	-13.5%	7.9%	18	-33.3%	11.1%

USO Oil

Commodity / Currency

81.6 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-3.2%	32.1%	106	-5.6%	25.5%	106	-2.0%	34.0%
Q2 low	20.1 to 39.8		106	-1.5%	38.7%	106	-2.0%	42.5%	106	5.2%	70.8%
Q3 middle	40.0 to 60.0		107	0.7%	55.1%	107	1.7%	56.1%	107	4.7%	63.6%
Q4 high	60.2 to 79.9		98	2.2%	59.2%	95	8.7%	82.1%	79	1.3%	55.7%
Q5 highest	80.1 to 100.0	Current	95	4.4%	61.1%	58	8.0%	65.5%	14	8.0%	57.1%

UUP Dollar

Commodity / Currency

3.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	94	-0.4%	43.6%	77	0.6%	55.8%	48	-4.4%	35.4%
Q2 low	20.1 to 39.8		102	0.5%	56.9%	93	1.1%	65.6%	84	2.0%	70.2%
Q3 middle	40.0 to 60.0		106	0.0%	46.2%	102	1.3%	66.7%	94	2.2%	76.6%
Q4 high	60.2 to 79.9		105	0.8%	59.0%	100	1.2%	68.0%	94	2.9%	79.8%
Q5 highest	80.1 to 100.0		105	0.2%	52.4%	100	1.3%	65.0%	92	2.2%	71.7%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

54.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		105	2.4%	68.6%	93	5.6%	66.7%	82	4.2%	62.2%
Q2 low	20.2 to 39.9		104	2.9%	68.3%	97	7.5%	73.2%	82	10.5%	75.6%
Q3 middle	40.1 to 59.9	Current	105	1.7%	58.1%	102	5.4%	67.6%	87	9.0%	67.8%
Q4 high	60.1 to 79.8		98	1.6%	61.2%	93	5.6%	71.0%	75	8.0%	72.0%
Q5 highest	80.0 to 100.0		99	1.6%	57.6%	86	1.4%	57.0%	85	7.2%	63.5%

MSFT Microsoft

Single-Name Leadership

97.2 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-1.6%	41.5%	106	-1.3%	43.4%	106	-1.9%	44.3%
Q2 low	20.1 to 39.8		106	-0.8%	41.5%	104	-2.7%	46.2%	104	-5.9%	37.5%
Q3 middle	40.0 to 60.0		107	-0.8%	43.0%	101	-0.2%	48.5%	100	-3.2%	39.0%
Q4 high	60.2 to 79.9		106	-1.2%	43.4%	93	0.8%	54.8%	71	1.9%	54.9%
Q5 highest	80.1 to 100.0	Current	87	1.0%	55.2%	68	2.7%	66.2%	31	2.8%	51.6%

NVDA Nvidia

Single-Name Leadership

12.8 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 3.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9	Current	98	4.1%	61.2%	79	9.3%	83.5%	62	13.7%	87.1%
Q2 low	20.1 to 39.8		104	2.3%	56.7%	101	9.5%	77.2%	79	10.2%	79.7%
Q3 middle	40.0 to 60.0		102	2.1%	59.8%	99	10.3%	71.7%	86	12.1%	81.4%
Q4 high	60.2 to 79.9		101	1.6%	59.4%	94	1.9%	56.4%	88	8.7%	75.0%
Q5 highest	80.1 to 100.0		107	-0.1%	49.5%	99	-0.6%	46.5%	97	10.4%	86.6%

AMZN Amazon

Single-Name Leadership

90.4 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	-0.3%	49.1%	98	1.8%	57.1%	94	0.3%	51.1%
Q2 low	20.2 to 39.9		106	3.4%	64.2%	103	5.4%	61.2%	96	4.1%	64.6%
Q3 middle	40.1 to 59.9		104	1.4%	55.8%	99	3.6%	56.6%	87	7.2%	72.4%
Q4 high	60.1 to 79.8		97	1.6%	56.7%	79	7.4%	67.1%	58	10.3%	77.6%
Q5 highest	80.0 to 100.0	Current	98	3.6%	67.3%	92	10.3%	71.7%	76	18.3%	86.8%

META Meta

Single-Name Leadership

97.4 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.1%	50.0%	106	-0.5%	48.1%	102	1.3%	51.0%
Q2 low	20.1 to 39.8		106	1.0%	55.7%	104	5.6%	69.2%	98	-1.0%	49.0%
Q3 middle	40.0 to 60.0		107	-1.5%	42.1%	102	3.4%	61.8%	86	12.4%	64.0%
Q4 high	60.2 to 79.9		102	-0.4%	50.0%	86	-0.5%	50.0%	64	10.0%	59.4%
Q5 highest	80.1 to 100.0	Current	91	3.4%	67.0%	74	3.0%	60.8%	62	4.6%	54.8%

GOOGL Alphabet

Single-Name Leadership

93.8 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	0.3%	50.0%	105	2.2%	53.3%	104	4.3%	68.3%
Q2 low	20.1 to 39.8		106	1.4%	56.6%	103	16.8%	75.7%	91	20.0%	73.6%
Q3 middle	40.0 to 60.0		107	3.6%	66.4%	102	15.2%	71.6%	90	19.4%	74.4%
Q4 high	60.2 to 79.9		104	4.9%	65.4%	95	17.3%	82.1%	75	23.9%	88.0%
Q5 highest	80.1 to 100.0	Current	89	3.3%	61.8%	67	13.7%	74.6%	52	23.1%	92.3%

TSLA Tesla

Single-Name Leadership

88.5 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	-0.6%	48.5%	88	4.2%	61.4%	48	21.7%	68.8%
Q2 low	20.1 to 39.8		104	2.9%	58.7%	95	9.6%	69.5%	81	8.9%	58.0%
Q3 middle	40.0 to 60.0		99	2.0%	53.5%	90	2.5%	55.6%	87	1.7%	51.7%
Q4 high	60.2 to 79.9		101	-2.1%	45.5%	95	6.1%	63.2%	92	11.7%	60.9%
Q5 highest	80.1 to 100.0	Current	105	2.4%	62.9%	104	14.0%	72.1%	104	38.6%	71.2%

30D ATM IV Rank

Measures fixed-maturity near-the-money implied volatility versus history.

Exact calculation

Percentile rank of standardized 30-day at-the-money implied volatility within the same symbol's history.

High reading means

The central option strike area is pricing more movement.

Caveat

Uses 30D delta-selected and variance-interpolated IV where available; rare historical gaps fall back to the legacy chain proxy.

Index / Market

SPY S&P 500

Index / Market

65.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.7		106	0.6%	60.4%	106	2.0%	61.3%	106	6.3%	76.4%
Q2 low	20.7 to 37.4		100	1.2%	70.0%	92	3.1%	69.6%	90	7.4%	87.8%
Q3 middle	37.4 to 60.0		99	1.4%	68.7%	84	5.5%	86.9%	72	8.5%	90.3%
Q4 high	60.2 to 79.9	Current	100	2.8%	81.0%	84	6.7%	89.3%	69	8.4%	76.8%
Q5 highest	79.9 to 100.0		107	4.1%	72.0%	106	10.4%	97.2%	75	16.7%	92.0%

QQQ Nasdaq 100

Index / Market

91.5 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.1		106	0.9%	63.2%	106	0.1%	50.0%	106	6.5%	91.5%
Q2 low	19.1 to 39.8		106	1.8%	67.0%	106	4.0%	65.1%	104	9.2%	82.7%
Q3 middle	40.1 to 60.0		107	1.7%	67.3%	98	5.7%	78.6%	85	9.6%	85.9%
Q4 high	60.2 to 79.9		104	1.6%	66.3%	83	9.0%	88.0%	58	9.9%	72.4%
Q5 highest	80.1 to 100.0	Current	89	4.8%	76.4%	79	16.8%	97.5%	59	21.0%	98.3%

IWM Russell 2000

Index / Market

25.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.8		96	0.7%	60.4%	96	0.3%	52.1%	95	12.0%	70.5%
Q2 low	20.8 to 39.8	Current	99	2.1%	72.7%	93	4.8%	77.4%	89	11.0%	75.3%
Q3 middle	40.0 to 62.0		107	1.2%	59.8%	90	6.2%	76.7%	81	11.5%	74.1%
Q4 high	62.0 to 79.5		103	2.5%	66.0%	87	7.8%	83.9%	67	6.5%	74.6%
Q5 highest	80.2 to 100.0		107	5.8%	78.5%	106	11.6%	92.5%	80	16.1%	73.8%

DIA Dow Jones

Index / Market

56.4 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.5		106	1.5%	64.2%	106	3.0%	59.4%	106	7.6%	74.5%
Q2 low	19.5 to 39.8		101	1.3%	74.3%	100	3.0%	68.0%	98	5.9%	82.7%
Q3 middle	40.0 to 60.0	Current	95	1.2%	74.7%	87	4.3%	82.8%	81	6.3%	88.9%
Q4 high	60.2 to 79.7		103	2.8%	80.6%	75	5.0%	84.0%	60	6.9%	80.0%
Q5 highest	79.7 to 100.0		107	3.6%	74.8%	104	8.1%	93.3%	67	12.3%	92.5%

RSP Equal-Weight S&P 500

Index / Market

16.4 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 19.9	Current	102	2.0%	71.6%	101	3.9%	69.3%	101	7.0%	82.2%
Q2 low	20.1 to 39.8		98	1.1%	62.2%	94	1.5%	63.8%	90	6.3%	83.3%
Q3 middle	40.0 to 59.6		105	1.7%	73.3%	86	2.4%	75.6%	77	5.7%	83.1%
Q4 high	59.6 to 79.9		100	2.2%	77.0%	86	3.6%	82.6%	72	6.4%	86.1%
Q5 highest	80.1 to 100.0		107	3.2%	70.1%	105	6.6%	92.4%	72	9.4%	84.7%

VTI Total Market

Index / Market

59.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.4		106	1.0%	59.4%	106	2.6%	64.2%	106	6.4%	72.6%
Q2 low	20.4 to 39.8		99	1.3%	68.7%	98	3.1%	68.4%	96	5.7%	83.3%
Q3 middle	40.0 to 60.1	Current	98	1.5%	76.5%	91	4.8%	86.8%	80	9.9%	83.8%
Q4 high	60.1 to 79.9		102	2.4%	70.6%	93	6.7%	88.2%	71	8.8%	81.7%
Q5 highest	80.3 to 100.0		107	4.3%	76.6%	84	11.7%	100.0%	59	18.1%	98.3%

Sector / Industry

XLK Technology

Sector / Industry

94.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.4		106	2.0%	67.0%	106	2.2%	53.8%	106	6.7%	81.1%
Q2 low	20.4 to 39.8		106	1.0%	59.4%	106	0.3%	50.9%	106	8.6%	78.3%
Q3 middle	40.0 to 59.7		107	-0.4%	46.7%	107	2.6%	66.4%	97	12.7%	79.4%
Q4 high	60.2 to 79.9		106	1.3%	67.0%	90	9.8%	91.1%	61	10.0%	77.0%
Q5 highest	80.1 to 100.0	Current	87	6.3%	72.4%	63	25.8%	98.4%	42	28.9%	97.6%

XLY Consumer Discretionary

Sector / Industry

86.7 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	1.5%	66.3%	99	2.6%	66.7%	97	0.6%	54.6%
Q2 low	20.1 to 39.1		105	0.7%	58.1%	101	2.2%	61.4%	100	0.5%	54.0%
Q3 middle	39.1 to 59.4		102	0.5%	54.9%	90	4.1%	65.6%	86	1.4%	57.0%
Q4 high	59.4 to 79.9		101	0.8%	60.4%	87	5.8%	74.7%	69	6.9%	62.3%
Q5 highest	80.1 to 100.0	Current	100	3.5%	68.0%	95	7.1%	89.5%	60	19.1%	81.7%

XLC Communication Services

Sector / Industry

64.6 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 20.0		105	0.4%	51.4%	97	1.0%	61.9%	92	2.8%	66.3%
Q2 low	20.2 to 39.9		101	-0.4%	44.6%	89	1.0%	60.7%	66	4.7%	80.3%
Q3 middle	40.1 to 59.9		100	1.7%	65.0%	87	2.4%	62.1%	70	6.6%	85.7%
Q4 high	60.1 to 79.8	Current	100	2.8%	70.0%	94	5.1%	76.6%	86	10.3%	90.7%
Q5 highest	80.2 to 100.0		105	3.0%	71.4%	104	8.7%	90.4%	97	17.9%	96.9%

XLF Financials

Sector / Industry

20.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		105	0.4%	58.1%	105	-1.0%	41.9%	103	1.7%	60.2%
Q2 low	20.1 to 41.0	Current	94	-0.3%	45.7%	85	0.9%	57.6%	79	3.3%	78.5%
Q3 middle	41.0 to 59.9		107	0.7%	54.2%	79	2.7%	81.0%	71	3.6%	62.0%
Q4 high	60.2 to 79.9		101	2.3%	65.3%	99	4.9%	84.8%	74	6.1%	87.8%
Q5 highest	80.1 to 100.0		105	4.3%	84.8%	104	9.6%	95.2%	85	12.9%	91.8%

XLI Industrials

Sector / Industry

74.8 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	1.7%	70.8%	106	3.1%	78.3%	104	11.0%	94.2%
Q2 low	20.2 to 39.9		106	0.3%	56.6%	106	3.0%	72.6%	98	8.9%	91.8%
Q3 middle	40.1 to 59.9		105	1.8%	66.7%	104	5.0%	71.2%	98	9.6%	87.8%
Q4 high	60.1 to 79.8	Current	98	2.2%	72.4%	89	6.0%	82.0%	77	10.5%	77.9%
Q5 highest	80.0 to 100.0		96	4.5%	76.0%	66	11.1%	95.5%	34	17.3%	100.0%

XLE Energy

Sector / Industry

85.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 2.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.6		106	0.2%	53.8%	106	0.4%	52.8%	106	3.1%	64.2%
Q2 low	20.6 to 39.8		105	0.9%	58.1%	105	3.2%	67.6%	103	11.8%	73.8%
Q3 middle	40.2 to 60.0		99	2.6%	64.6%	96	3.2%	76.0%	94	5.5%	71.3%
Q4 high	60.2 to 79.9		97	1.4%	54.6%	72	2.1%	58.3%	55	3.8%	65.5%
Q5 highest	80.1 to 100.0	Current	105	1.3%	58.1%	93	2.3%	66.7%	54	6.1%	90.7%

XLB Materials

Sector / Industry

85.7 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		103	1.2%	61.2%	102	2.6%	63.7%	102	0.1%	51.0%
Q2 low	20.1 to 39.6		104	-0.3%	48.1%	104	-1.4%	46.2%	102	-0.7%	47.1%
Q3 middle	40.0 to 60.0		105	0.8%	53.3%	103	1.1%	50.5%	98	5.3%	83.7%
Q4 high	60.2 to 79.9		102	0.8%	54.9%	93	4.3%	71.0%	84	10.2%	95.2%
Q5 highest	80.1 to 100.0	Current	98	1.7%	64.3%	70	4.0%	68.6%	26	11.1%	100.0%

XLU Utilities

Sector / Industry

94.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 20.2		104	1.2%	65.4%	95	5.5%	80.0%	92	5.7%	92.4%
Q2 low	20.2 to 39.9		99	1.6%	63.6%	90	3.9%	71.1%	78	6.2%	92.3%
Q3 middle	40.1 to 59.9		104	-0.0%	50.0%	90	3.8%	62.2%	73	7.0%	87.7%
Q4 high	60.1 to 79.8		103	1.3%	60.2%	100	4.0%	70.0%	90	6.9%	96.7%
Q5 highest	80.0 to 100.0	Current	101	1.5%	69.3%	96	3.7%	77.1%	78	9.4%	92.3%

XLRE Real Estate

Sector / Industry

10.2 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 19.6	Current	93	1.1%	63.4%	80	1.5%	70.0%	62	4.8%	79.0%
Q2 low	20.2 to 39.8		104	0.1%	51.0%	91	0.5%	54.9%	85	1.2%	60.0%
Q3 middle	40.0 to 60.0		104	0.1%	51.0%	98	0.5%	55.1%	87	0.7%	56.3%
Q4 high	60.2 to 79.9		105	1.1%	67.6%	99	1.1%	58.6%	88	1.4%	60.2%
Q5 highest	80.1 to 100.0		106	2.4%	74.5%	104	3.4%	75.0%	90	3.8%	75.6%

XLV Health Care

Sector / Industry

68.0 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-0.0%	49.1%	105	-3.9%	41.9%	105	-4.6%	18.1%
Q2 low	20.1 to 39.8		103	0.8%	56.3%	101	1.8%	55.4%	95	-1.6%	46.3%
Q3 middle	40.0 to 60.0		101	1.0%	60.4%	89	0.6%	53.9%	77	-2.2%	42.9%
Q4 high	60.2 to 79.9	Current	99	0.8%	57.6%	86	2.1%	58.1%	74	4.4%	60.8%
Q5 highest	80.1 to 100.0		103	0.8%	58.3%	91	3.2%	69.2%	61	5.0%	67.2%

XLP Consumer Staples

Sector / Industry

77.3 Q4 high

Current quintile 4; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 20.3		106	1.3%	61.3%	104	0.9%	56.7%	103	3.6%	73.8%
Q2 low	20.3 to 39.8		105	0.5%	54.3%	104	0.4%	55.8%	101	3.0%	77.2%
Q3 middle	40.3 to 59.9		99	-0.1%	48.5%	87	0.5%	55.2%	74	2.5%	71.6%
Q4 high	60.3 to 79.9	Current	100	0.4%	56.0%	89	0.1%	51.7%	67	0.8%	61.2%
Q5 highest	80.1 to 100.0		102	0.9%	64.7%	88	1.7%	77.3%	67	2.0%	68.7%

SMH Semiconductors

Sector / Industry

97.9 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.8		106	4.4%	80.2%	106	11.6%	62.3%	106	27.1%	84.0%
Q2 low	19.8 to 39.9		106	1.8%	59.4%	106	7.4%	62.3%	106	29.9%	77.4%
Q3 middle	39.9 to 60.1		107	2.1%	62.6%	107	11.9%	82.2%	101	29.5%	76.2%
Q4 high	60.1 to 79.9		106	0.5%	55.7%	103	17.0%	85.4%	68	7.5%	69.1%
Q5 highest	80.2 to 100.0	Current	87	6.5%	73.6%	50	41.5%	98.0%	31	35.4%	100.0%

XHB Homebuilders

Sector / Industry

36.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.4 to 19.9		106	-2.1%	42.5%	106	-6.4%	32.1%	106	-4.3%	37.7%
Q2 low	20.1 to 39.8	Current	105	0.8%	52.4%	105	-2.4%	42.9%	101	-0.3%	48.5%
Q3 middle	40.2 to 60.0		105	0.6%	52.4%	102	0.4%	50.0%	93	-1.6%	43.0%
Q4 high	60.2 to 80.1		98	-0.8%	48.0%	84	-1.2%	46.4%	67	-0.5%	49.3%
Q5 highest	80.1 to 100.0		98	4.6%	74.5%	75	7.0%	72.0%	45	11.7%	75.6%

KRE Regional Banks

Sector / Industry

53.8 Q3 middle

Current quintile 3; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		95	3.9%	71.6%	77	1.0%	58.4%	73	10.1%	91.8%
Q2 low	20.5 to 39.8		100	0.7%	54.0%	88	2.2%	61.4%	76	8.2%	81.6%
Q3 middle	40.0 to 59.9	Current	104	-1.1%	41.3%	95	2.5%	55.8%	83	5.4%	66.3%
Q4 high	60.2 to 79.9		106	3.2%	55.7%	105	3.7%	67.6%	85	8.6%	72.9%
Q5 highest	80.1 to 100.0		107	5.7%	79.4%	107	11.5%	94.4%	95	13.1%	83.2%

Rates / Credit

TLT Long Duration Treasury

Rates / Credit

16.0 Q1 lowest

Current quintile 1; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.2	Current	87	-0.3%	42.5%	56	-0.9%	25.0%	34	-1.4%	29.4%
Q2 low	20.2 to 39.9		105	-0.3%	41.9%	97	-0.6%	37.1%	71	-2.0%	25.4%
Q3 middle	39.9 to 59.9		106	0.2%	52.8%	105	0.2%	53.3%	100	-1.5%	41.0%
Q4 high	60.1 to 78.3		106	0.7%	65.1%	106	1.3%	56.6%	103	0.3%	53.4%
Q5 highest	78.3 to 100.0		107	-0.4%	44.9%	107	-1.4%	43.0%	103	1.1%	53.4%

IEF Intermediate Treasury

Rates / Credit

28.9 Q2 low

Current quintile 2; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 20.1		94	0.1%	54.3%	87	-0.1%	47.1%	55	-0.4%	25.5%
Q2 low	20.1 to 39.8	Current	98	0.2%	58.2%	67	1.0%	76.1%	59	1.4%	78.0%
Q3 middle	39.8 to 58.6		107	0.4%	58.9%	105	1.5%	74.3%	95	2.7%	74.7%
Q4 high	58.6 to 74.3		106	0.9%	77.4%	106	2.5%	80.2%	102	3.1%	74.5%
Q5 highest	80.1 to 100.0		107	0.3%	56.1%	107	0.1%	50.5%	101	2.4%	79.2%

HYG High Yield Credit

Rates / Credit

30.3 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.5		96	0.4%	69.8%	84	1.0%	83.3%	71	3.1%	100.0%
Q2 low	19.5 to 39.9	Current	98	0.3%	69.4%	81	1.0%	91.4%	63	2.4%	95.2%
Q3 middle	40.1 to 59.9		106	0.8%	79.2%	97	1.8%	94.8%	81	3.5%	97.5%
Q4 high	60.1 to 79.8		105	0.7%	74.3%	103	1.8%	95.1%	92	3.7%	96.7%
Q5 highest	80.0 to 100.0		106	1.3%	85.8%	106	2.6%	92.5%	104	4.3%	99.0%

LQD Investment Grade Credit

Rates / Credit

29.5 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.5 to 19.9		98	0.3%	62.2%	86	-0.3%	39.5%	59	0.9%	72.9%
Q2 low	20.1 to 41.6	Current	95	0.1%	55.8%	69	0.5%	65.2%	58	0.1%	60.3%
Q3 middle	41.6 to 60.5		106	0.8%	67.9%	104	0.4%	59.6%	95	-0.1%	46.3%
Q4 high	60.5 to 79.9		106	1.0%	73.6%	106	1.4%	70.8%	93	2.7%	78.5%
Q5 highest	80.2 to 100.0		107	0.7%	71.0%	107	1.9%	84.1%	107	4.0%	89.7%

Commodity / Currency

GLD Gold

Commodity / Currency

70.5 Q4 high

Current quintile 4; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 19.4		106	4.8%	93.4%	106	12.9%	100.0%	106	22.5%	100.0%
Q2 low	19.4 to 39.9		106	3.2%	83.0%	106	11.8%	94.3%	106	18.5%	100.0%
Q3 middle	39.9 to 61.0		107	2.5%	71.0%	107	9.6%	89.7%	107	20.3%	98.1%
Q4 high	61.0 to 80.0	Current	95	2.3%	61.1%	69	6.0%	94.2%	69	15.9%	75.4%
Q5 highest	80.0 to 100.0		98	-2.4%	29.6%	84	-8.7%	17.9%	24	11.1%	58.3%

SLV Silver

Commodity / Currency

70.9 Q4 high

Current quintile 4 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.8		106	7.3%	86.8%	106	16.5%	97.2%	106	48.6%	100.0%
Q2 low	20.1 to 39.9		106	1.7%	66.0%	106	8.6%	96.2%	106	20.3%	97.2%
Q3 middle	39.9 to 60.0		107	2.9%	71.0%	107	6.6%	79.4%	107	10.6%	88.8%
Q4 high	60.2 to 79.9	Current	88	1.7%	53.4%	62	26.5%	61.3%	62	15.3%	75.8%
Q5 highest	80.2 to 100.0		105	-2.2%	40.0%	91	-12.1%	14.3%	31	-22.5%	25.8%

USO Oil

Commodity / Currency

88.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		106	-3.8%	30.2%	106	-5.8%	20.8%	106	-2.1%	36.8%
Q2 low	20.1 to 40.3		106	-1.0%	38.7%	106	-2.3%	40.6%	106	4.7%	60.4%
Q3 middle	40.3 to 60.1		106	1.2%	61.3%	106	2.3%	61.3%	106	4.2%	69.8%
Q4 high	60.1 to 79.9		96	2.7%	58.3%	91	10.6%	86.8%	82	3.8%	62.2%
Q5 highest	80.1 to 100.0	Current	98	3.5%	57.1%	63	6.2%	61.9%	12	-11.8%	25.0%

UUP Dollar

Commodity / Currency

92.9 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 1.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		100	0.8%	55.0%	89	2.0%	74.2%	71	3.9%	95.8%
Q2 low	20.1 to 39.8		102	0.3%	52.9%	82	1.2%	68.3%	63	2.2%	71.4%
Q3 middle	40.0 to 60.0		104	-0.1%	44.2%	103	1.5%	68.9%	87	1.8%	64.4%
Q4 high	60.2 to 79.9		102	0.5%	55.9%	96	0.4%	54.2%	93	1.4%	61.3%
Q5 highest	80.1 to 99.9	Current	104	0.1%	51.0%	102	0.3%	58.8%	98	2.2%	64.3%

Single-Name Leadership

AAPL Apple

Single-Name Leadership

83.5 Q5 highest

Current quintile 5; best 60D median return has historically been quintile 4.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.5		106	-0.0%	50.0%	101	-0.7%	46.5%	101	0.9%	50.5%
Q2 low	19.5 to 39.9		104	2.0%	70.2%	82	3.5%	70.7%	75	5.6%	70.7%
Q3 middle	40.1 to 59.9		106	1.4%	56.6%	98	3.9%	63.3%	83	8.5%	66.3%
Q4 high	61.2 to 79.7		95	3.0%	66.3%	91	8.6%	75.8%	66	5.8%	65.2%
Q5 highest	80.2 to 100.0	Current	100	4.0%	72.0%	99	7.9%	81.8%	86	22.0%	90.7%

MSFT Microsoft

Single-Name Leadership

97.6 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 19.9		106	2.1%	65.1%	106	-1.6%	38.7%	106	0.3%	53.8%
Q2 low	20.1 to 39.8		106	-1.1%	43.4%	106	-1.1%	47.2%	106	-2.7%	42.5%
Q3 middle	39.8 to 59.5		107	-1.2%	37.4%	105	0.7%	53.3%	93	-2.8%	41.9%
Q4 high	59.5 to 79.9		106	-2.1%	27.4%	87	1.8%	57.5%	64	-12.3%	18.8%
Q5 highest	80.1 to 100.0	Current	87	0.6%	50.6%	68	2.8%	61.8%	43	31.0%	62.8%

NVDA Nvidia

Single-Name Leadership

38.2 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.0		106	7.6%	84.9%	101	6.5%	76.2%	84	9.8%	89.3%
Q2 low	20.0 to 39.8	Current	86	2.1%	61.6%	72	0.8%	55.6%	57	12.3%	77.2%
Q3 middle	39.8 to 60.0		107	-1.5%	40.2%	89	4.9%	68.5%	76	6.9%	82.9%
Q4 high	60.2 to 79.9		106	0.2%	52.8%	103	10.7%	63.1%	88	8.3%	77.3%
Q5 highest	80.1 to 100.0		107	-1.1%	47.7%	107	15.2%	66.4%	107	29.6%	81.3%

AMZN Amazon

Single-Name Leadership

88.7 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.3 to 20.0		106	2.8%	61.3%	106	0.3%	50.9%	106	-2.0%	45.3%
Q2 low	20.0 to 39.5		106	3.2%	63.2%	88	6.6%	65.9%	88	9.6%	85.2%
Q3 middle	40.1 to 59.9		104	0.6%	53.8%	86	9.9%	59.3%	59	10.4%	86.4%
Q4 high	60.1 to 79.8		102	-0.2%	48.0%	102	-0.4%	47.1%	95	2.0%	58.9%
Q5 highest	80.2 to 100.0	Current	93	6.5%	66.7%	89	10.0%	93.3%	63	15.5%	85.7%

META Meta

Single-Name Leadership

93.8 Q5 highest

Current quintile 5 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.1		106	-0.9%	43.4%	106	-1.9%	44.3%	105	-5.0%	41.9%
Q2 low	20.1 to 39.9		106	3.3%	56.6%	93	7.5%	65.6%	80	3.2%	55.0%
Q3 middle	39.9 to 60.0		105	1.8%	54.3%	83	2.0%	55.4%	58	6.1%	70.7%
Q4 high	60.2 to 79.9		104	1.1%	51.9%	101	0.6%	52.5%	86	-2.5%	48.8%
Q5 highest	80.1 to 100.0	Current	91	3.3%	57.1%	89	12.2%	75.3%	83	18.0%	67.5%

GOOGL Alphabet

Single-Name Leadership

46.1 Q3 middle

Current quintile 3 has historically had this symbol's best 60D median forward return.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 20.2		106	2.8%	67.9%	106	2.5%	54.7%	106	5.2%	64.2%
Q2 low	20.2 to 39.8		106	3.7%	63.2%	98	17.4%	68.4%	94	23.8%	88.3%
Q3 middle	40.8 to 60.1	Current	106	-0.3%	47.2%	82	20.4%	84.1%	62	38.3%	96.8%
Q4 high	60.1 to 80.1		103	3.3%	54.4%	97	13.2%	67.0%	79	8.3%	60.8%
Q5 highest	80.1 to 100.0		91	8.5%	68.1%	89	16.8%	85.4%	71	27.0%	84.5%

TSLA Tesla

Single-Name Leadership

33.5 Q2 low

Current quintile 2; best 60D median return has historically been quintile 5.

Quintile	Reading Range	Current	Obs 20D	Median 20D	% Positive 20D	Obs 60D	Median 60D	% Positive 60D	Obs 120D	Median 120D	% Positive 120D
Q1 lowest	0.2 to 19.9		104	-2.9%	41.3%	76	4.2%	64.5%	35	19.6%	68.6%
Q2 low	20.1 to 39.8	Current	91	4.6%	58.2%	82	11.1%	56.1%	65	18.5%	58.5%
Q3 middle	40.0 to 60.0		104	6.0%	68.3%	101	7.1%	64.4%	99	2.3%	55.6%
Q4 high	60.2 to 79.9		106	0.5%	52.8%	106	7.4%	68.9%	106	13.9%	64.2%
Q5 highest	80.1 to 100.0		107	-0.4%	49.5%	107	15.7%	67.3%	107	28.2%	65.4%