Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (22 issues)
Up 2.58% to 155.24, reclaiming the 200-day (154.49) — the key tell — with +14.3% on the month and ADX at 37.4 confirming trend strength despite the thin tape (RVOL 0.51); 19 analysts see 19.6% upside to $185.7. Stay long.
A tepid +0.05% but the +11.3% monthly repair is on track: RSI 61.9 above the 20- and 50-day with the 200-day at 154.5 one step away; 19 analysts' $185.7 target leaves 22.7% of room — staying long into the 200-day reclaim
Up 0.47% with RSI at a healthy 61.7, holding the 20- and 50-day though still 2.1% under the 200-day; exchanges benefit as volatility rises, and 19 analysts leave 22.7% of upside — position maintained.
Up 0.16% with RSI at 60.6, above the 20- and 50-day but still 2.6% under the 200-day at $154.56; 19 analysts see $185.64, 23.3% above spot — position maintained.
Up 0.37% with RSI at 60.2 and a $185.64 consensus target implying 23.5% upside; a more volatile market naturally favors a volume-driven business. Maintaining the long.
Essentially flat at -0.06% with RSI at 59.3; a more volatile market naturally favors a volume-driven business, and the $185.64 consensus target implies 24.0% upside. Maintaining the long.
A steady exchange leader with ~24% consensus upside — hold. Just below the SMA200, with a reasonable valuation and defensive profile.
The 1.71% dip is giveback from highs; RSI at 58.6 remains healthy and the $185.36 consensus target implies 24.2% upside. Maintaining the long.
Up 17.2% on the month with RSI at 63.9, its volume-driven model benefits structurally from volatile tape, and consensus still sees 19.7% upside; maintaining the long.
Up 2.68% with RSI 70.8, roughly 10% above both the 20- and 50-day. Rising market volatility lifts exchange volumes directly; 20 analysts target $181.80 for 19% upside — continue holding
Position: +0.5% in the exchange cash machine — rising volatility is literally its revenue, hold
A newsless 2% dip — the exchange cash machine keeps its +31% consensus upside, hold
Off 1.49% to $139.7. The 7/2 GPU-compute futures launch (COIL index) opens an AI financialization line; BofA targets $234. For an exchange, chaos is revenue — stay long.
Up 1.4% to a swing high at $141.76 — volatility is its revenue line, a tailwind position in a messy tape; holding
Up 1.6% to $139.84 — earnings-season volatility is an exchange's revenue line; defensive book holds
Up 1.8% to $137.67 — the defensive book quietly earning through the chaos; holding
Up 0.1% on a quiet day; the defensive position sits at +6%, unmoved
Down 1.5% giving back — the defensive premium ebbs as risk appetite returns; +6% on the position, holding under watch
Up 0.5% — exchanges get paid in volatility; +8% on the position, holding
+1.1%, long +7.7%; exchange defensiveness shines in a choppy tape
Exchange leader +1.4%, long +6.5%; back above the 20-day, steady fundamentals, hold
A rare oversold exchange asset; +2.9% bounce starting — a conservative candidate