Universe
Active US equities only. ETFs, crypto, commodities, index benchmark records, and listings outside the US market are excluded from this index.
Signal Validation
Market Dynamics Performance Index
A concept-validation index for US equities, testing whether first Market Dynamics Buy signals identify productive weekly setups. Entries and exits are research pointers for a shortlist, not a follow-along strategy.
Index Value
479.75
Total Return
379.75%
CAGR
56.00%
Annualized from first index week
Edge vs Market
+34.22%/yr
Beats SPY on CAGR
Risk Adjusted
Sharpe 2.65
Sortino 5.16
Current Holdings
1081
Transactions
10781
Avg 3057.2/yr ·
254.8/mo ·
58.8/wk
Exit Mix
4850
Stop 41.5% ·
Warning 58.0%
· Other 0.5%
Method
How The Index Works
The index is a weekly, equal-weighted signal-validation model for US equities. It starts at 100.00 on the first transaction week after 1 Jan 2023 and is rebuilt from stored weekly closes, Market Dynamics buy signals, and Smart Money warning data to test the Market Dynamics concept over time.
Entry Rule
A stock enters at that week’s stored weekly close on the first Market Dynamics Buy signal while the stock is not already held. New entries are blocked if that same week has a Reversal Risk or Reversal Danger Warning.
Exit Rule
A position exits at the weekly close on the first Reversal Risk Warning. It also exits if the weekly close falls 20% or more below the original entry close.
Return Math
Each active holding contributes equally. The weekly index return is the average weekly close-to-close return of all positions active during that week, then compounded into the index value.
Assumptions
- This index is designed to validate the Market Dynamics signal concept, not to serve as a mechanical follow-along strategy.
- Only the first actionable Market Dynamics Buy signal opens a position while the stock is flat.
- Weekly entries and exits may help identify stocks for a research shortlist, but they are not portfolio instructions.
- New positions are not opened on weeks with Reversal Risk or Reversal Danger Warnings.
- Reversal Danger blocks new entries, but the Market Dynamics index exits only on Reversal Risk or the 20% entry drawdown rule.
- Positions are closed at the last valid close if a 5x or larger weekly close scale break indicates a price-data unit change.
- Transaction prices are the stored weekly closes for the entry or exit week, except price scale-break exits, which use the last valid close.
- Returns are shown before transaction costs, bid-ask spreads, slippage, taxes, and other implementation frictions.
Weekly Index
Cumulative Value
Latest Week
Positions In And Out
New Positions In
Entries at weekly close
ADBE
NASDAQ · Adobe Systems Incorporated
237.25
MD 0.17 · Market Dynamics Buy Signal
BL
NASDAQ · Blackline Inc
30.29
MD 0.18 · Market Dynamics Buy Signal
BLKB
NASDAQ · Blackbaud Inc
32.40
MD 0.13 · Market Dynamics Buy Signal
CDNL
NASDAQ · Cardinal Infrastructure Group Inc. Class A Common Stock
71.23
MD 1.59 · Market Dynamics Buy Signal
CURV
NYSE · Torrid Holdings Inc
2.33
MD 0.16 · Market Dynamics Buy Signal
DFIN
NYSE · Donnelley Financial Solutions Inc
49.95
MD 0.06 · Market Dynamics Buy Signal
EXPO
NASDAQ · Exponent Inc
62.88
MD 0.09 · Market Dynamics Buy Signal
FIS
NYSE · Fidelity National Information Services Inc
41.91
MD 0.19 · Market Dynamics Buy Signal
HCKT
NASDAQ · The Hackett Group Inc
10.34
MD 0.19 · Market Dynamics Buy Signal
ICFI
NASDAQ · ICF International Inc
78.86
MD 0.80 · Market Dynamics Buy Signal
LAW
NYSE · CS Disco LLC
4.05
MD 0.26 · Market Dynamics Buy Signal
NRDS
NASDAQ · Nerdwallet Inc
9.26
MD 0.13 · Market Dynamics Buy Signal
ONT
NYSE · Onterris
20.93
MD 0.36 · Market Dynamics Buy Signal
OPRX
NASDAQ · OPTIMIZERx Corp
6.69
MD 0.86 · Market Dynamics Buy Signal
PODD
NASDAQ · Insulet Corporation
164.06
MD 0.42 · Market Dynamics Buy Signal
RCEL
NASDAQ · Avita Medical Ltd
5.10
MD 0.39 · Market Dynamics Buy Signal
UPWK
NASDAQ · Upwork Inc
9.06
MD 0.10 · Market Dynamics Buy Signal
XRAY
NASDAQ · Dentsply Sirona Inc
14.05
MD 0.72 · Market Dynamics Buy Signal
Positions Out
Closed at weekly close
ACB
NASDAQ · Aurora Cannabis Inc
2.63
20% entry drawdown · -20.78%
AIFU
NASDAQ · Fanhua Inc.
34.52
20% entry drawdown · -25.28%
AKTX
NASDAQ · Akari Therapeutics PLC
11.01
20% entry drawdown · -20.68%
ALDX
NASDAQ · Aldeyra The
1.69
20% entry drawdown · -25.55%
ARCT
NASDAQ · Arcturus Therapeutics Holdings Inc
6.05
20% entry drawdown · -26.49%
AWRE
NASDAQ · Aware Inc
1.11
20% entry drawdown · -26.97%
BEEM
NASDAQ · Beam Global
1.03
20% entry drawdown · -24.82%
BNAI
NASDAQ · Brand Engagement Network Inc
11.62
20% entry drawdown · -29.49%
BTBT
NASDAQ · Bit Digital Inc
1.40
20% entry drawdown · -29.65%
EIX
NYSE · Edison International
77.63
Reversal Risk Warning · 49.97%
EVGO
NASDAQ · Evgo Inc
1.68
20% entry drawdown · -20.94%
EVO
NASDAQ · Evotec SE ADR
1.96
20% entry drawdown · -27.94%
GENK
NASDAQ · GEN Restaurant Group, Inc. Class A Common Stock
1.77
20% entry drawdown · -24.36%
GLXG
NASDAQ · Galaxy Payroll Group Limited Ordinary Shares
1.05
20% entry drawdown · -28.08%
HUBG
NASDAQ · Hub Group Inc
51.22
Reversal Risk Warning · 45.11%
INV
NASDAQ · Innventure, Inc.
3.37
20% entry drawdown · -27.37%
JLHL
NASDAQ · Julong Holding Limited Class A Ordinary Shares
9.35
20% entry drawdown · -20.29%
LEDS
NASDAQ · SemiLEDS Corporation
3.01
Reversal Risk Warning · 67.22%
LONA
NASDAQ · LeonaBio, Inc.
7.22
20% entry drawdown · -27.22%
MTEX
NASDAQ · Mannatech Incorporated
4.25
20% entry drawdown · -21.59%
OABI
NASDAQ · OmniAb Inc.
2.12
20% entry drawdown · -20.00%
OCCI
NASDAQ · OFS Credit Company Inc
2.27
20% entry drawdown · -23.83%
PBF
NYSE · PBF Energy Inc
62.75
Reversal Risk Warning · 219.84%
PLUG
NASDAQ · Plug Power Inc
2.17
20% entry drawdown · -20.80%
PMCB
NASDAQ · PharmaCyte Biotech Inc
0.63
20% entry drawdown · -21.31%
PMEC
NASDAQ · Primech Holdings Ltd. Ordinary Shares
0.52
20% entry drawdown · -28.59%
QFIN
NASDAQ · 360 Finance Inc
12.73
20% entry drawdown · -20.83%
RPT
NYSE · Rithm Property Trust Inc.
10.89
20% entry drawdown · -27.03%
RXRX
NASDAQ · Recursion Pharmaceuticals Inc
2.95
20% entry drawdown · -22.50%
SNPS
NASDAQ · Synopsys Inc
384.28
20% entry drawdown · -25.60%
SORA
NASDAQ · Top Win International Limited
1.73
20% entry drawdown · -23.18%
VERU
NASDAQ · Veru Inc
2.38
20% entry drawdown · -30.00%
WING
NASDAQ · Wingstop Inc
142.33
20% entry drawdown · -20.03%
WW
NASDAQ · WW International, Inc. Common Stock
14.57
20% entry drawdown · -21.46%
ZSQR
NASDAQ · Z Squared Inc.
5.06
20% entry drawdown · -45.47%
Live Book
Current Holdings
Ticker
Entry
Last Close
Return
Signal
MD
ROC
RS
XIFR
NYSE · XPLR Infrastructure LP Unit
8 May 202611.73
12.02
2.47%
Buy
0.41
-
-
XNCR
NASDAQ · Xencor Inc
19 Sep 202510.29
17.47
69.78%
Buy
1.16
-
-
XOS
NASDAQ · Xos Inc
29 May 20262.28
2.16
-5.26%
Buy
0.38
-
-
XP
NASDAQ · Xp Inc
14 Feb 202514.40
16.67
15.76%
Buy
0.18
-
-
XPEL
NASDAQ · Xpel Inc
23 May 202534.49
43.25
25.40%
Buy
0.10
-
-
XPER
NYSE · Xperi Corp
28 Nov 20255.79
7.30
26.08%
Buy
0.33
-
-
XPOF
NYSE · Xponential Fitness Inc
6 Mar 20265.83
6.66
14.24%
Buy
0.20
-
-
XPRO
NYSE · Expro Group Holdings NV
20 Jun 20259.17
16.48
79.72%
Buy
0.09
-
-
XRAY
NASDAQ · Dentsply Sirona Inc
17 Jul 202614.05
14.05
New
Entry week
Buy
0.72
-
-
XRN
NYSE · Chiron Real Estate Inc.
18 Jul 202533.47
37.90
13.25%
Buy
0.29
-
-
XRX
NASDAQ · Xerox Corp
1 May 20262.68
2.77
3.41%
Buy
0.30
-
-
XTLB
NASDAQ · XTL Biopharmaceuticals Ltd ADR
10 Jul 20262.91
2.84
-2.41%
Buy
0.77
-
-
YDKG
NASDAQ · Yueda Digital Holding
29 May 20260.83
0.93
11.88%
Buy
1.46
-
-
YELP
NYSE · Yelp Inc
22 May 202622.39
26.22
17.11%
Buy
0.55
-
-
YEXT
NYSE · Yext Inc
12 Jun 20264.06
5.34
31.53%
Buy
0.01
-
-
YIBO
NASDAQ · Planet Image International Limited Class A Ordinary Shares
22 May 20260.97
0.99
2.06%
Buy
0.65
-
-
YJ
NASDAQ · Yunji Inc
20 Feb 20261.46
1.50
2.74%
Buy
0.14
-
-
YORW
NASDAQ · The York Water Company
14 Mar 202533.70
31.45
-6.67%
Buy
0.51
-
-
YSG
NYSE · Yatsen Holding
3 Jul 20263.47
3.57
2.88%
Buy
1.36
-
-
ZBH
NYSE · Zimmer Biomet Holdings Inc
3 Jul 202687.47
91.12
4.17%
Buy
0.13
-
-
ZBIO
NASDAQ · Zenas BioPharma, Inc. Common Stock
16 Jan 202620.16
29.53
46.48%
Buy
0.19
-
-
ZBRA
NASDAQ · Zebra Technologies Corporation
1 May 2026227.08
267.40
17.76%
Buy
0.09
-
-
ZD
NASDAQ · Ziff Davis Inc
13 Mar 202639.46
53.98
36.80%
Buy
0.27
-
-
ZETA
NYSE · Zeta Global Holdings Corp
20 Jun 202514.18
21.68
52.89%
Buy
0.11
-
-
ZGN
NYSE · Ermenegildo Zegna NV
16 May 20258.52
13.90
63.21%
Buy
0.27
-
-
ZH
NYSE · Zhihu Inc ADR
16 Aug 20243.08
3.17
2.92%
Buy
0.02
-
-
ZIP
NYSE · Ziprecruiter Inc
1 May 20263.09
3.96
28.16%
Buy
0.31
-
-
ZLAB
NASDAQ · Zai Lab Ltd
20 Feb 202620.04
20.20
0.80%
Buy
0.10
-
-
ZS
NASDAQ · Zscaler Inc
3 Jul 2026147.33
149.94
1.77%
Buy
0.40
-
-
ZTEK
NASDAQ · ZEN Graphene Solutions Ltd
26 Jun 20260.49
0.47
-4.00%
Buy
0.04
-
-
Ledger
Transaction History
Date
Action
Ticker
Price
Reason
Return
Qualifiers
23 Jan 2026
Exit
ANGH
NASDAQ · Anghami De Inc
2.80
20% entry drawdown
-30.00%
Entry 2 Jan 2026
4.00
23 Jan 2026
Entry
ANL
NASDAQ · Adlai Nortye Ltd. American Depositary Shares
2.63
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.66
23 Jan 2026
Exit
APH
NYSE · Amphenol Corporation
150.46
Reversal Risk Warning
176.93%
Entry 1 Mar 2024
54.33
23 Jan 2026
Exit
AREC
NASDAQ · American Resources Corp Class A
4.37
Reversal Risk Warning
401.43%
Entry 13 Jun 2025
0.87
23 Jan 2026
Exit
ARIS
NYSE · Aris Mining Corporation
20.26
Reversal Risk Warning
272.43%
Entry 18 Apr 2025
5.44
23 Jan 2026
Entry
ATLN
NASDAQ · Atlantic International Corp. Common Stock
3.86
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.18
23 Jan 2026
Entry
BBWI
NYSE · Bath & Body Works Inc.
21.77
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.14
23 Jan 2026
Exit
BCH
NYSE · Banco De Chile
40.70
Reversal Risk Warning
120.30%
Entry 1 Dec 2023
18.47
23 Jan 2026
Entry
BDSX
NASDAQ · Biodesix Inc
11.74
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.43
23 Jan 2026
Entry
BHVN
NYSE · Biohaven Ltd.
13.51
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.08
23 Jan 2026
Exit
BIDU
NASDAQ · Baidu Inc
161.44
Reversal Risk Warning
80.74%
Entry 7 Feb 2025
89.32
23 Jan 2026
Exit
BIOX
NASDAQ · Bioceres Crop Solutions Corp
1.20
20% entry drawdown
-20.00%
Entry 5 Dec 2025
1.50
23 Jan 2026
Entry
BNAI
NASDAQ · Brand Engagement Network Inc
16.48
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.41
23 Jan 2026
Exit
BNR
NASDAQ · Burning Rock Biotech Ltd
35.07
Reversal Risk Warning
415.74%
Entry 25 Jul 2025
6.80
23 Jan 2026
Exit
BSAC
NYSE · Banco Santander Chile
34.54
Reversal Risk Warning
91.61%
Entry 21 Jul 2023
18.03
23 Jan 2026
Exit
BTU
NYSE · Peabody Energy Corp
37.76
Reversal Risk Warning
150.60%
Entry 11 Jul 2025
15.07
23 Jan 2026
Exit
BWMX
NYSE · Betterware de México, S.A.P.I. de C.V.
18.34
Reversal Risk Warning
81.11%
Entry 25 Jul 2025
10.13
23 Jan 2026
Exit
CAAP
NYSE · Corporacion America Airports
28.16
Reversal Risk Warning
77.33%
Entry 15 Dec 2023
15.88
23 Jan 2026
Exit
CCJ
NYSE · Cameco Corp
124.04
Reversal Risk Warning
258.55%
Entry 11 Aug 2023
34.59
23 Jan 2026
Exit
CDE
NYSE · Coeur Mining Inc
26.08
Reversal Risk Warning
436.14%
Entry 5 Apr 2024
4.86
23 Jan 2026
Exit
CIB
NYSE · Grupo Cibest S.A.
80.73
Reversal Risk Warning
171.02%
Entry 5 Apr 2024
29.79
23 Jan 2026
Entry
CPHC
NASDAQ · Canterbury Park Holding Corporation
15.83
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 0.44
23 Jan 2026
Exit
CRSR
NASDAQ · Corsair Gaming Inc
5.30
20% entry drawdown
-21.01%
Entry 1 Nov 2024
6.71
23 Jan 2026
Exit
CRVS
NASDAQ · Corvus Pharmaceuticals Inc
25.10
Reversal Risk Warning
352.25%
Entry 22 Aug 2025
5.55
23 Jan 2026
Exit
DBVT
NASDAQ · DBV Technologies
24.54
Reversal Risk Warning
295.81%
Entry 28 Mar 2025
6.20
23 Jan 2026
Exit
DRD
NYSE · DRDGOLD Limited ADR
37.05
Reversal Risk Warning
266.05%
Entry 11 Oct 2024
10.12
23 Jan 2026
Exit
EGO
NYSE · Eldorado Gold Corp
46.02
Reversal Risk Warning
205.56%
Entry 5 Apr 2024
15.06
23 Jan 2026
Exit
EMBJ
NYSE · Embraer S.A.
78.29
Reversal Risk Warning
197.58%
Entry 22 Mar 2024
26.31
23 Jan 2026
Entry
ENPH
NASDAQ · Enphase Energy Inc
39.46
Market Dynamics Buy Signal
-
Market Dynamics Buy
MD 1.09
23 Jan 2026
Exit
ERO
NYSE · Ero Copper Corp
32.84
Reversal Risk Warning
107.98%
Entry 6 Jun 2025
15.79