#1
SLB
SLB (Schlumberger)
FS59
Flow Surging +42. Flow Trend Surging. FlowScore up 42 over five sessions. Non-directional attention-change signal.$55.01
FlowScore up 42 over 5 sessions; attention is surging.
Software surged nearly 8% while big money quietly hedged.
Institutions executed $332.7M of long exposure on SPY as it declined 1.5% over the past two weeks — outsized print regardless of trend.
FlowScore up 42 over 5 sessions; attention is surging.
FlowScore up 36 over 5 sessions; attention is surging.
FlowScore up 35 over 5 sessions; attention is surging.
What · we score the trend on four components every trading day.
Maturity · how long has the trend held.
Stretch · how far is price from its 21-day average.
Slope · is the average itself rising or falling.
Stack · do multiple timeframes agree.
Output · the four pillars combine into a single Conviction Score (−100 to +100) and a regime label.
Not · not a turn predictor (slow at absolute tops/bottoms), not a buy/sell signal (it's a regime read), and not infallible.
Is · a committed daily read on which side has edge, designed to keep you long in trends and out of sustained drawdowns, built on 30+ years of trend-following research (Faber, Weinstein, CBOE).
More · read the full methodology.
Modest signal · day 1 of this multi-week read
Typical duration so far (most runs last 2 days).
Hover any day to see the reading and any caution flags that fired.
Index character only. Not a direction call. Single names can diverge.
What · two scores (0 to 100) on the same six factor blocks, smoothed differently.
Pulse · fast read (1 to 3 day). Designed to react to stress within 1 to 2 sessions and stay sticky on greed.
Tide · slow read (10 to 15 day). Structural backdrop; requires multi-day confirmation to change band.
Bands · each score lands in one of five bands. Watch the day counter for how long a band has held, and the cooling or intensifying tag for which way it's moving inside the band.
Divergence Alert · fires when two or more factor blocks disagree (e.g. credit not confirming a rally). Empirically rare and worth attention, but a watch signal, not a sell signal.
Not · not a buy/sell signal (it's a sentiment read), not infallible (hit rates will be published after T+60 days), not CNN's Fear and Greed (built on richer inputs).
Is · a daily composite of credit, vol/dealer, flow, breadth, cross-asset, and curve. Smoothed with asymmetric EMAs so it flips fast on stress and slow on greed. Dealer-aware (GEX, 25Δ skew), which is what CNN's index misses.
Closing tape — no notable institutional concentration today.
Stocks rallied, but the Nasdaq is sending mixed signals. Software surged nearly 8% while big money quietly hedged.
Markets moved higher Thursday. The S&P 500 climbed 0.66% to $771.10, breaking above the $770 level that had capped it for two days. The Nasdaq gained 1.37% and small caps edged up 0.29%. The VIX dropped to 14.51, its lowest level in weeks, which means the market expects calm conditions ahead.
The big story was software stocks: IGV surged nearly 8% on twice its normal trading volume, likely driven by the post-NVIDIA earnings reaction rippling through the sector. Big money poured into new bullish bets on software at the September and December timeframes. But here is the catch: while prices were rising across the board, institutional options activity on the Nasdaq leaned bearish all day. Zero-day bets on the Nasdaq ran 50-71% bearish across institutional products. On the Russell 2000, every single options sweep was a downside bet (56 total), yet the directional flow score pointed bullish. That kind of disagreement usually resolves in the flow direction over 2-3 sessions.
The rally is real, but not committed. The market's bullish bias is cautious, not strong. Equal-weight S&P (the average stock) actually slipped 0.30%, meaning the move was driven by the biggest names, not broad participation.
Bottom line: Cautiously bullish. As long as the S&P holds above $760, this rally has room to push toward $775. Below $758, the bullish case weakens. Watch whether the Nasdaq can hold above $719 tomorrow; that is the level where market structure shifts from helping to hurting.
FlowScore up 31 over 5 sessions; attention is surging.
FlowScore up 35 over 5 sessions; attention is surging.