The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
51
technical evidence
out of 100
out of 100
Software - Infrastructure
For the week ending 09 October 2026, Software - Infrastructure declined 0.02% with 93 advancing, 66 declining, and 0 unchanged constituents.
- Index level
- 682.71 Index points · base 1,000
- Weekly return
- -0.02%
- Measured companies
- 159 160 in the index universe
- Weekly breadth
- 93 up / 66 down 0 unchanged
- Weekly peer rank
- 3 of 12
Universe NASDAQ, NYSE · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Technology →
156 completed weeks
Software - Infrastructure price and trend
Current architecture
Unresolved
1 completed week in this state
Trend acceptance
-1.0%
Index versus Trend Line
Persistence
75%
Negative regime, horizons divided
Participation
58%
93 advancing, 66 declining
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Weekly index closes and the Trend Line. Dashed grey shows the latest Fair Value reference; it is not a historical forecast. Enable the other overlays for more detail.
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
46
Breadth
53
Persistence
44
Relative
57
Risk quality
61
What supports the view
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- The current 13-week parent-relative trend is weakening.
This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.
Trend state and durability
Architecture, persistence and constituent regimes
The index path is tested against the underlying security-level trend evidence.
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
State age1 weeks
Trend gateMixed
Fan width2.14%
Fast versus slow change-2.08 pts
Above 0%
Below 83%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, horizons divided
The 52-week trend is negative, while shorter horizons remain mixed.
13-week
-5.5%
26-week
12.9%
39-week
-10.8%
52-week
-22.6%
Constituent trend persistence
89% coverage
Is the index move broadly durable?
39%positive
Coherent positive22%
Coherent negative29%
Average horizon agreement80%
Positive horizon share49%
Weakening positives15
Repairing negatives27
142 constituents measured as of 2 Oct 2026. Median trend age is 21 weeks.
Custom stage map
86% coverage
Where constituents sit in the cycle
39%Stage 4
Stage 1 · Basing18%25 securities
Stage 2 · Advancing37%50 securities
Stage 3 · Distribution6%8 securities
Stage 4 · Declining39%53 securities
Re-acceleration watch2
Transition watch16
Relative strength leaders30%
Fair Value repairs16
Measured as of 9 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
79/100 mean confidence
How market energy is distributed
Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.
Capital rotation
Performance relative to Technology
Relative index
13-week relative trend
Starting level
The relative index starts at 100. Above 100 means this group has outperformed Technology since the first plotted date; below 100 means it has lagged. A rising line can show relative improvement even when both markets are falling.
Relative index75.8
13-week trend76.2
4-week trend change0.30%
Weekly peer rank3 of 12
1 week
1.5 pts
relative
4 weeks
-0.9 pts
relative
13 weeks
-0.2 pts
relative
26 weeks
3.4 pts
relative
52 weeks
-16.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
58%
advanced
- Advancing
- 93
- Declining
- 66
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility25.6%
Drawdown from 52-week high-24.2%
Positive weeks, last 1331%
Current directional run6 weeks
Turnover versus 13-week norm129%
Breadth impulse12.0 pts
Cross-section
159 measured
Return distribution
44Below −5%28%
16−5% to −1%10%
11−1% to +1%7%
37+1% to +5%23%
51Above +5%32%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -6.6%
Median 1.5%
Q3 5.7%
Average winner8.6%
Average loser-9.6%
Dispersion17.0 pts
Top-five upside share38%
Top-five capital share83%
Capital data coverage100%
Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.
Momentum cycle
30-week price change
Index price change over 30 weeks, or the available history if shorter. Green above zero; red below.
Breadth cycle
Net participation
Advancers less decliners as a percentage of measured constituents.
Within the same sector
Where are returns broadly supported?
Compare the weekly result with the share of companies advancing.
↑ Companies advancing · 50% marks half of measured companies
−8.2%Weekly index return · zero at centre+8.2%
Compare return with participationHover or focus a marker for the full reading. Select it to open the report.
Markers show weekly return rank. Hover or focus for the name. Fine lines connect separated markers to their actual positions. Up, down and unchanged companies all count in participation.
| Rank / Industry | Weekly return | Advancing share | Up / down | Companies | Week ending |
|---|---|---|---|---|---|
| 1Software - ApplicationTechnology | 1.28% | 63% | 121 / 70 | 192 | 9 Oct 2026 |
| 2Information Technology ServicesTechnology | 1.15% | 62% | 40 / 25 | 65 | 9 Oct 2026 |
| 3Software - InfrastructureTechnology | -0.02% | 58% | 93 / 66 | 159 | 9 Oct 2026 |
| 4SolarTechnology | -1.15% | 33% | 6 / 11 | 18 | 9 Oct 2026 |
| 5Communication EquipmentTechnology | -2.25% | 40% | 16 / 24 | 40 | 9 Oct 2026 |
| 6Consumer ElectronicsTechnology | -3.65% | 23% | 3 / 10 | 13 | 9 Oct 2026 |
| 7Scientific & Technical InstrumentsTechnology | -4.18% | 15% | 4 / 23 | 27 | 9 Oct 2026 |
| 8Electronics & Computer DistributionTechnology | -4.66% | 38% | 3 / 5 | 8 | 9 Oct 2026 |
| 9Computer HardwareTechnology | -5.01% | 14% | 5 / 30 | 36 | 9 Oct 2026 |
| 10Electronic ComponentsTechnology | -5.29% | 19% | 8 / 33 | 42 | 9 Oct 2026 |
| 11SemiconductorsTechnology | -6.72% | 10% | 7 / 60 | 67 | 9 Oct 2026 |
| 12Semiconductor Equipment & MaterialsTechnology | -8.18% | 0% | 0 / 26 | 27 | 9 Oct 2026 |
United States · Weekly return relationships
Which markets move together?
Compare sectors and industries within United States over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.86; 52 weeks).
12 indexes · 66 qualifying pairsClosest: Gold and Other Precious Metals & Mining (0.95; 52 weeks).
143 indexes · 10153 qualifying pairs−1 · Opposite0 · No linear link+1 · Together
Read the market at the top against the market at the left. The diagonal compares each index with itself. Up to 10 indexes are shown, ordered by constituent coverage. Select a cell to inspect a pair, or use the selectors for other markets.
Closest to the reference
Pearson correlation of weekly percentage returns through 9 Oct 2026: +1 means moving together, 0 little linear relationship, −1 moving in opposite directions. Requires 39 matching observations for the 52-week comparison and 10 for the recent 13 weeks. Missing weeks are excluded, not filled with zero. Constant series have no defined correlation. These are local-currency, capped equal-weight indexes; sectors and their component industries overlap. A lower correlation does not establish a hedge.
Sector correlations compare broad business groups. Industry correlations reveal closer links within and across sectors. The selectors retain all qualified groups; the matrix shows the ten largest by company coverage.
News and narrative
Does company news confirm the market tape?
52out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Price confirms news8
Price disagrees10
Negative news absorbed4
Positive but stretched4
Evidence quality
49/100 confidence
Coverage before conviction
Qualified companies2717% of measured constituents
Articles2,690100% direct company evidence
Publishers548Independent sources represented
Latest evidence15 OctFreshness is weighted in the score
Constructive 30%Balanced 48%Cautious 22%
Constructive edge
Strongest qualified tone
QLYS42/100 confidence · 40 direct
64
Qualys (QLYS) Could Be 8% Overvalued On Q2 Revenue Beat
TLS46/100 confidence · 30 direct 62Yorkville Ives initiates Telos stock coverage with outperform rating By Investing.com
BB36/100 confidence · 108 direct 61BlackBerry Limited (BB) Is a Trending Stock: Facts to Know Before Betting on It
PANW51/100 confidence · 193 direct 59Palo Alto Stock Jumps on Strong Earnings -- Barrons.com
PLTR38/100 confidence · 213 direct 59Palantir (PLTR) Stock May Trade At A Premium Despite Sovereign AI Buzz
Narrative risk
Weakest qualified tone
DAVA79/100 confidence · 62 direct
31
Endava Investors Face Nov. 30 Deadline to Seek Lead Plaintiff Role
DVLT63/100 confidence · 36 direct 35Datavault AI Hit with Market-Manipulation-Related Securities Suit
GDDY64/100 confidence · 84 direct 35What Should You Sell for the Holidays? How to Find a Product People Will Actually Buy
ALAR53/100 confidence · 26 direct 36ALAR DEADLINE - FINAL REMINDER: Bronstein, Gewirtz and Grossman, LLC Reminds Shareholders o…
CLBT37/100 confidence · 35 direct 39What Investors Got Wrong About Cellebrite DI Before The Drop
Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.
Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 159 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
134
XNDU
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
NASDAQ
2.75B
3.90
-0.06 pts
-9.30%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.