Market Research · Since 1999

Daily market research.
Written by data, not opinion.

Daily research across 29 global markets, separating healthy trends from fragile rallies and identifying turning points before they reach the headlines. Official Data Provider for Bloomberg Professional since 2003.

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Since 1999
Daily market research
Bloomberg Professional
Official Data Provider since 2003
Market Research
29 markets · Act on data, not headlines
Predictive Indicators
Official source of the Smart Money Flow Index
The Research

What is a Market Regime, and why it matters more than predictions.

Most market analysis explains what just happened. Our research identifies the market environment you are in right now, whether conditions are improving or deteriorating, how similar environments have historically behaved, and what to expect next. Built on Trend, Trend Quality, and Sentiment across 40+ indicators and updated daily across 29 global markets.

Six market regimes with different risk, return, and volatility profiles.
Very High Reward
+26.9%
Annualized return
Sharpe2.33
Volatility11.5%
Of time62.7%
High Reward
+43.6%
Annualized return
Sharpe2.67
Volatility16.3%
Of time4.0%
Increasing Reward
+39.2%
Annualized return
Sharpe1.71
Volatility22.9%
Of time3.9%
Increasing Risk
−16.4%
Annualized return
Sharpe−1.03
Volatility15.9%
Of time14.9%
High Risk
−17.1%
Annualized return
Sharpe−1.00
Volatility17.1%
Of time4.7%
Very High Risk
−34.0%
Annualized return
Sharpe−0.89
Volatility38.2%
Of time9.8%
Historical regime analysis based on S&P 500 data from 1985 to 2026. Past performance does not guarantee future results.
The Methodology

The Research Framework

We continuously track participation, trend strength, and market stability across multiple time horizons. Built on 40+ indicators, aggregated into a continuously evolving market regime framework.

01
Market Inputs
Three structural dimensions drive every market's condition
Direction
Trend
The prevailing path of the market
Measures the prevailing market direction across multiple time horizons using price structure, momentum, and moving averages.
Breadth
Trend Quality
Whether participation confirms the move
Measures whether market participation confirms the prevailing trend through breadth, advance-decline behavior, new highs vs. lows, and volume participation.
Crowd
Sentiment
How investors are positioned
Measures positioning, volatility conditions, and behavioral extremes using Smart Money Flow, Put/Call Ratios, AAII Surveys, and capitulation indicators.
02
Aggregation
Signals combine into a single Market Health score
TrendTrend QualitySentiment
Market Health0–100

Indicator signals are aggregated across short, mid, and long-term horizons into one Market Health score per market.

03
Classification
The Market Health score maps to one of six regimes
Market Health 1000
Very High Reward
High Reward
Increasing Reward
Increasing Risk
High Risk
Very High Risk
04
Daily Market Research
Delivered before every trading session
Daily Morning Briefing
Market Research Reports
Market Regime Dashboard
Indicator Dashboard
Predictive Indicators
Cross-Market Analytics
The Engine Behind Our Research

40+ predictive indicator signals. Every morning. For every market.

Every research report is built on a transparent, data-driven framework systematically aggregating 40+ indicators across Trend, Trend Quality, and Sentiment dimensions into structured market regimes. The same underlying indicator engine powers our daily research, dashboards, and analytics across 29 global markets.

All Underlying Signals · Sample: S&P 500
Window: May 13 → May 22, 2026
IndicatorScore 1314151819202122
Short-Term · Trend (71% positive today)
EMA 50 Line100 ++++ ++++
Modified MACD75 ++++ ++−−
Trend Trader Index100 ++++ ++++
Short-Term · Trend Quality (71% positive today)
High/Low Index Daily50 −−−+ −+++
% Stocks Above 50-Day MA50 −−−+ −+++
Upside/Downside Volume Daily88 ++−+ ++++
Mid-Term · Sentiment (43% positive today)
Smart Money Flow Index100 ++++ ++++
AAII Bulls & Bears75 ++++ ++−−
WSC Capitulation Index75 ++++ ++−−
What You Get

Research for every moment in your trading day.

Each research and tool answers a different question. Use the Briefing for a fast morning check. The Market Regime Research when you need depth. The Dashboard when you want the full quant view, how stable the outlook is, and what to expect tomorrow. The Indicators when you need to know what's actually moving under the surface.

01 · Top-Down View
The Big Picture
All 29 markets plotted by Short-Term and Mid-Term Market Health, colored by long-term regime classification. Plus 38 CoT markets and the Smart Money Flow Index on one screen.
View Sample
02 · The Morning Check
Daily Morning Briefing
A concise pre-market briefing designed to quickly assess whether market conditions remain supportive, are deteriorating, or require caution. Delivered before every trading session.
View Sample
03 · The Deep Dive
Market Regime Research
Full breakdown of the current market regime including Trend, Trend Quality, Sentiment, Market Health, and historical regime behavior. Designed to explain not just what changed, but why.
View Sample
04 · The Quant View
Market Dashboard
Quantitative overview of the current market environment, including regime classification, historical behavior, forward probabilities, and expected return distributions across multiple time horizons.
View Sample
05 · The Vitals
Market Health
A detailed breakdown of the underlying components, Trend, Trend Quality, and Sentiment, across short-, mid-, and long-term horizons. The vital signs beneath every regime classification.
View Sample
06 · The Early Warning System
Predictive Indicators
Understand exactly how market regimes are formed. The predictive indicator framework reveals which trend, breadth, volatility, participation, and sentiment drivers are shifting beneath the surface.
View Sample
07 · The Commodity Market
Commitments of Traders
Commercials vs Large Speculators positioning across 38 futures markets: currencies, metals, energies, grains, and indices. Updated every Friday after the CFTC release.
View Sample
08 · The Core Allocation
Model Portfolios
Five WSC portfolios applying the regime framework to ETF allocation: All Weather, Dynamic Variance, Inflation Proof Retirement, Sector Rotation, and the WSC Composite.
View Sample
09 · The Original
Smart Money Flow Index
The original Smart Money Flow Index, measuring buying and selling activity by professional investors during the last hour of trading. Published on Bloomberg Professional since 2003.
View Sample
Research Coverage

29 markets, covered every morning.

Major global indices and sectors analyzed every trading morning under the same structural framework, enabling consistent comparison of trend strength, participation, sentiment, and market regime conditions across regions and sectors.

Global & North America
6
MSCI World · S&P 500 · Nasdaq · NYSE Composite · Russell 2000 · TSX
Europe
6
Stoxx 600 · DAX · FTSE 100 · CAC 40 · IBEX 35 · FTSE MIB
Asia-Pacific & EM
5
Nikkei · Hang Seng · CSI 300 · ASX 200 · MSCI Emerging Markets
US Sectors
12
Technology · Communications · Consumer Discretionary · Consumer Staples · Financials · Healthcare · Industrials · Energy · Materials · Utilities · Real Estate · Gold Miners
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