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↑ What changedBroadening now. CELC has cross-asset links, but the lineage is still shallow. Treat this as an early watchlist setup, not a confirmed bridge.

See what matters now, what changed, and which theme or asset to open first.

Mode
Risk-On Broadening
Session
After-hours
Updated
Thu, May 14, 4:40 PM EDT
What matters now
Lead setup right now

Biotechnology

Confirmed

CELC has cross-asset links, but the lineage is still shallow. Treat this as an early watchlist setup, not a confirmed bridge.

Open the lead theme first, then use the confirmer and break levels to decide whether this setup is still worth your time.

Model agreement
100
Why it matters

CELC has cross-asset links, but the lineage is still shallow. Treat this as an early watchlist setup, not a confirmed bridge.

What to watch

VSNT is the clearest next confirmer and should tell us whether the move can broaden.

What breaks it

Bridge activity may stay local and fail to become real cross-asset confirmation outside rates and credit.

Leading names in this theme
CELCNSITVSNT
Leader
CELC
Top theme leader
The asset or group leading the current theme. Treat this as the focal name to watch for follow-through, exhaustion, or failure.
Breadth
100%
Theme breadth expanding
How many names inside the theme are participating. Higher breadth usually means the move is easier to trust; falling breadth means the setup is narrowing.
Live signals
13 / 12
Active / inactive
A live count of signals in play versus dormant ones. More active signals usually means more market attention, but quality still matters more than volume.
Walkforward
83
Walkforward stable
A stability check on the model behind the page. Higher is safer to trust; lower means the setup or scoring deserves more skepticism.
Participation
100%
Breadth of the move
How much of the theme is actually involved in the move. A fuller bar means the theme is spreading; a shorter bar means it is still narrow or early.
On Deck
Other themes worth opening after the lead setup
Ranked Board
Rank
Theme
Stage
Leader
Conv.
Names
Why it matters
2
Asset Management
Broadening
Brookfield Wealth Solutions Ltd (BNT)
74
Artisan Partners Asset Manageme (APAM)Bank Of Montreal (BMO)Brookfield Corporation (BN)
$BNT matters if cyclical participation keeps spreading beyond the first wave.
3
Oil & Gas E & P
Broadening
EPD
71
APA Corporation (APA)Antero Resources Corporation (AR)BP p.l.c. (BP)
$EPD could transmit into vol and credit if the bridge keeps holding.
4
Computer Hardware
Broadening
LUMN
70
Aurora Innovation, Inc. (AUR)BillionToOne, Inc. (BLLN)COIN
$LUMN could transmit into rates and credit if the bridge keeps holding.
5
REIT - Residential
Persistent
SNDR
69
Asbury Automotive Group Inc (ABG)Abercrombie & Fitch Company (ANF)Buckle, Inc. (The) (BKE)
$SNDR matters if cyclical participation keeps spreading beyond the first wave.
6
Insurance - Property & Casualty
Persistent
RLI
68
Allstate Corporation (The) (ALL)CHTRCVSA
$RLI could transmit into commodities if the bridge keeps holding.
What Changed Around The Lead Setup
Read this as change, not prediction
Session Delta
Use this section to see what improved, what weakened, and what still needs proof. It is a filter for attention, not a standalone trade signal.
↑ Strengthening Now
Gaining strength since the last check
BiotechnologyBroadening now. CELC has cross-asset links, but the lineage is still shallow. Treat this as an early watchlist setup, not a confirmed bridge.
Biotechnology breadth100% breadth with CELC as the lead name.
↓ Breaking Down
Losing support since the last check
→ Early Setups
New attention worth monitoring
Doximity, Inc. (DOCS) setupThis cluster groups companies concentrated in Software - Application, shared exposure to Software - Infrastructure, Information Technology Services, United, primarily within Technology, Industrials.
○ Watch for Confirmation
Needs proof before you act
Antero Resources Corporation (AR)VSNT is the clearest next confirmer and should tell us whether the move can broaden.
HealthcareDoximity, Inc. (DOCS)
Where It’s Spreading
Sectors helping the lead setup broaden
Breadth
Helping sectors
Technology
ExlService Holdings, Inc. (EXLS)
+5%
Industrials
Copa Holdings, S.A. (CPA)
+5%
Consumer Cyclical
Caesars Entertainment, Inc. (CZR)
+5%
Still lagging
Financial Services
Accelerant Holdings (ARX)
-48%
Communication Services
StubHub Holdings, Inc. (STUB)
-48%
Other sectors joining in
Healthcare — Doximity, Inc. (DOCS)
Next confirmation
Antero Resources Corporation (AR) — VSNT is the clearest next confirmer and should tell us whether the move can broaden.
Healthcare — Doximity, Inc. (DOCS)
Cross-Market Support
Secondary check for the lead setup
Cross-market
Use this as a secondary read. If other markets are helping, conviction improves. If they are hurting, be more patient or smaller.
EC
Watch
UVXY
20%
EMB
0%
1-step lead/lag · 1-step lead/lag
OGE
Watch
CPER
13%
1-step lead/lag
LGND
Watch
AGG
0%
1-step lead/lag
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