What the market is doing.

Every company's own return minus the index's over the same days, so a company can rise and still be a loser here. Where the crowd sits tells you whether an index return was earned broadly or by a handful of names.

→80 of 201 companies beat the S&P 500 over the last twelve months. Fewer than half beat it, and the middle company trailed by 14 points, so the index's return came from a minority of its members. MU leads at +579 points, LCID trails at -97 points.

Measured as the company's own return minus the index's over the same sessions, so a positive number means it did better and not that it rose; the S&P 500 itself returned 18.5% over twelve months. Past relative strength describes what has already happened to the price. It is not a forecast, and it says nothing about whether a business is worth more than it was.

The six checks in every company's Trend chapter, counted across all of them. They are rungs of one ladder, in the order a trend confirms itself, so a count that falls away as you go down the list is a market where trends are starting and not holding.

• Price above the Kumo cloudtrading above the range it has been settling in80 of 201
• Price above the Tenkan and the Kijunabove both its 9-day and its 26-day midpoint46 of 201
• Tenkan above the Kijunthe 9-day midpoint has crossed above the 26-day one75 of 201
• The Senkou cloud ahead is risingthe band drawn 26 days ahead is still widening upward101 of 201
• Chikou above the price 26 sessions backhigher than it was 26 sessions ago83 of 201
• Beating the S&P 500 over 12 monthsahead of the index over the last year80 of 201

→80 of the 201 companies we cover sit above the cloud, but only 46 are also above both their shorter averages: most of those trends are stalling rather than building. 13 pass all six checks and 48 pass none, on 40% breadth overall.

Companies that have just crossed into a new uptrend. The rule is strict and fires a handful of times a year across all 201 of them, so this list is often short. Treat it as a research prompt, not a buy signal.

• ChargePointCHPTbroke out 2026-09-03

  • -0.2% since the break
  • +33.6% above the cloud
  • 75.6x normal volume that day

  Trend chapter →Full report

Read this as a description of a rule, not a promise about a stock. The sample is small, most of these years were a rising market, and 19% of these breakouts were lower six months on. Nothing on this page is a recommendation.

The other half of the question, and the one that matters if you already own something: a company that was in an uptrend and is not any more.

→2 companies have closed below the cloud after a stretch above it: DPZ, LMT. What the price did next is the table below.

• Domino's PizzaDPZdropped below 2026-09-09

  • -3.1% since it broke
  • -4.7% below the cloud
  • 0.9x normal volume that day

  Trend chapter →Full report

• Lockheed MartinLMTdropped below 2026-09-02

  • -1.4% since it broke
  • -2.4% below the cloud
  • 1.1x normal volume that day

  Trend chapter →Full report

This rule fired 201 times across the companies we cover since 2016. Six months later 57% had lagged the S&P 500, against 51% of every six-month window for the same companies. That difference is inside the noise for a sample this size, so read the list above as a description of what these prices have done, not as a signal.