# Orbixia

> Orbixia tracks market narrative rotation across US small and mid-cap theme baskets, ranked daily by heat, relative strength, breadth, and leading movers.

Canonical URL: https://orbixia.app/
Machine-readable scored Rotation Index: https://orbixia.app/themes.json
Machine-readable complete Theme Catalog: https://orbixia.app/theme-catalog.json
Last updated: 2026-07-17

## What Orbixia Tracks

Orbixia is a daily market narrative rotation dashboard. It compares themed baskets of US small and mid-cap equities and ranks them by heat, 20-session relative strength, 5-session relative strength, breadth above the 50-day average, and leading movers. Each theme has editorial core pure-plays plus ranked satellites (liquidity and date-aligned co-movement with the core; persistent distinct-session hysteresis — policy core_sticky_v2). It is not investment advice.

## Complete Themes vs Scored Model Baskets

- All Themes: 53 reference themes are always visible, independent of score or current market posture.
- Model Baskets: 8 scored and graded baskets feed Theme Heat and the Prophet Machine Theme engine.
- Boundary: reference membership and explorer metrics never change Swing Desk eligibility or any Prophet score.

## Market Regime

- Current speculation regime: CALM 1.27/10
- S&P 500 benchmark: -1.5% over 5 sessions, +0.3% over 20 sessions

## Equity Stance

- Multi-signal equity stance: risk-on (3 bullish / 0 bearish of 3 known signals)
- SPY 12-month return: +18.4%
- SPY vs 200-session average: +6.7%
- Credit proxy (HYG vs LQD): stable

## Market Read

Risk-on trend; speculation calm; leadership narrow

- Where are we? Uptrend, not a bottom — +6.7% vs rising 200-session average · 12m +18.4% · HY vs IG stable or firm over 20 sessions
- How stretched? Extended, not extreme — +6.7% above the 200-session average
- Theme posture? Selective, not all-in — Narrow leadership · hold strength · don't chase pure laggards
- Equal-weight breadth? Broadening — RSP +2.1% vs SPY +0.3% over 20 sessions
- Theme diffusion? No qualifying laggard — Need a below-median heat theme with positive 5-session RS beating its 20-session RS
- Crowding? Caution — narrow leadership — Top themes dominate while breadth is not broad (100 concentration, 21% above trend)

## Equity Stance Record

- Status: collecting (3 observations, min n=30)
- Lab shade gate: collecting

## Current Scored Theme Ranking

1. Photonics / Optical: heat 2.8/100 (COLD), 20-session relative strength -19.1%, 5-session relative strength -5.5%, breadth 7%, top movers LASR -3.9%, CALX -3.1%, FN +1.5%.
2. Batteries / Storage: heat 1.9/100 (COLD), 20-session relative strength -25.3%, 5-session relative strength -11.1%, breadth 7%, top movers SLDP -0.4%, EOSE -6.1%, NRGV -10.5%.
3. Crypto Miners: heat 1.5/100 (COLD), 20-session relative strength -29.5%, 5-session relative strength -12.2%, breadth 7%, top movers SLNH -10.3%, WULF -17.3%, CAN -12.6%.
4. Drones / Defense: heat 0.5/100 (COLD), 20-session relative strength -21.7%, 5-session relative strength -6.0%, breadth 0%, top movers CDRE +0.4%, DRS -0.0%, AVAV -1.7%.
5. AI Energy / Nuclear: heat 0.3/100 (COLD), 20-session relative strength -23.1%, 5-session relative strength -9.7%, breadth 0%, top movers UROY +2.2%, LEU -8.8%, NPWR -1.3%.
6. AI Memory / HBM: heat 0.2/100 (COLD), 20-session relative strength -19.4%, 5-session relative strength -12.8%, breadth 0%, top movers ENTG -4.5%, CAMT +1.6%, RMBS -9.5%.
7. Space: heat 0.0/100 (COLD), 20-session relative strength -29.8%, 5-session relative strength -12.5%, breadth 0%, top movers GSAT -1.1%, VOYG -16.9%, SATL -15.9%.
8. Quantum: heat 0.0/100 (COLD), 20-session relative strength -25.3%, 5-session relative strength -11.1%, breadth 0%, top movers QUBT -9.9%, ARQQ -8.7%, QSI -6.9%.

## Suggested Citation

Orbixia ranks daily market narrative rotation across US small and mid-cap theme baskets using heat, relative strength, breadth, and leading-mover metrics.