
ByteTrend is a unique and powerful trend-following system to help investors make better decisions. Crypto coverage can be found at @BytetrendCrypto. @ByteTree
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Brazil went from having more than 50% of stocks at a trend score of 5 (out of 5) one day, to having more than 50% of stocks scoring 0 the next.
It's the most aggressive national U-turn since we launched ByteTrend $EWZ
Green = strong outperformers
Red = strong underperformers
Replying to @KobeissiLetter
Only 3.7% of Chinese stocks are in strong relative uptrends right now.
Down from 19% in March.
India’s market is losing ground to the world.
54% of Indian stocks tracked by ByteTrend now score 0 out of 5 on their relative strength trend (CAPR), up from 42% a month ago, and almost none in 2024.
Reliance, HDFC Bank and SBI, three of its six largest, are all 0s.
ByteTrend retweeted
Momentum Reversal Complete
In April, when the Iran war began, momentum $MTUM (buying recent winners) suddenly began outperforming, while low vol $MVOL (defensive quality) stocks lagged.
Following its initial surge, however, momentum crashed in July/August, before a brief rally in September. October has seen the outperformance reduced almost back to 0.
Could've owned $SPY this whole time...
Only 9% of ByteTrend stocks score a 5 now (strong winning trends), down from 14% in July.
This is the most extreme reading in our 20-year data history.
With 33% on 0 (strong bearish trends), the 0s outnumber the 5s nearly 4 to 1.
Gold (shown) and silver both score 0, and silver is down 16% in a month.
However, their long-term relative (CAPR weekly) trends remain intact, i.e. above their 200W moving averages.
Oil vs metals on ByteTrend:
Brent Crude’s Daily CAPR (relative) trend score is 5, and it's up 88% in a year.
ByteTrend retweeted
Where's the alpha in markets today?
Where is it moving to, and from?
ByteTrend data breaks this down into a map of global alpha. Here's what changed in the last week ⤵️
Taken a week off from markets?
Here's what you missed, in a thread 🧵
Summary: the world index barely moved, but leadership rotated a lot underneath.
MSCI World $ACWI fell 0.7%. On Friday, its Weekly Local score dropped from 5 to 4, the first time it has been off 5 since mid-April.
Money moved out of megacap tech, semis, precious metals and materials. It moved into healthcare, staples, energy and rate-sensitive stocks.
Leadership across the market kept thinning, as it has since the summer.
Following a period of severe weakness in 2024, Brazil $EWZ had rebuilt momentum in late-2025.
More recently, it had held a solid weekly CAPR (relative) trend score of 4 since the first round of voting.
The shock Lula win has sent it straight back to 0.
Excellent thread breaking down what changed in markets over the past week, as the powerful rotation continued under the surface of a placid world index $ACWI.
Breadth, sectors, countries, themes, stocks, and more, data from @ByteTrend.
Taken a week off from markets?
Here's what you missed, in a thread 🧵
Summary: the world index barely moved, but leadership rotated a lot underneath.
MSCI World $ACWI fell 0.7%. On Friday, its Weekly Local score dropped from 5 to 4, the first time it has been off 5 since mid-April.
Money moved out of megacap tech, semis, precious metals and materials. It moved into healthcare, staples, energy and rate-sensitive stocks.
Leadership across the market kept thinning, as it has since the summer.
$GOOGL has broken down, relative to the world index.
It has now underperformed the world index since November 2025, falling from a weekly trend score of 5 to 2 in the process.
The short term trend is broken, but the long-term one remains intact for now...
Market Breadth Is Rebounding
A month ago, 48% of stocks had a short-term (daily) relative trend (CAPR) score of 0. Half of stocks were strongly underperforming the world index.
Today, that has fallen to 29%, as weak stocks have rebounded, enjoying renewed attention as the AI trade falters. Breadth was at its most extreme level since the 2008 Financial Crisis in September.
A good reminder to always be short extremity.





















