The PULSE tab,
in five minutes

On a computer PULSE reads top to bottom: the rotation header, the sector strip, the MARKET MAP of every S&P 500 name, the rotation chart beside Rankings, then What Changed, then the stock tables.

• The map loads as you scroll near it, and stops updating when you scroll away or collapse it.
• Scrolling over the map moves the page. To zoom the map, hold Ctrl (⌘ on a Mac) and scroll, or pinch on a trackpad.
• EXPAND fills PULSE with the map. Esc or CLOSE puts it back.
• The arrow button beside it opens the full-page heatmap in a new tab.
• The ? on the map opens the heatmap guide.
• On a phone held upright, the map comes first, the full width of the screen. Swiping over it scrolls the page.
• On a phone, tap a tile to open the full map on that name, in the page’s period.
• The full-screen button beside FLOW opens the full map too.
• CLOSE at the top of the full map takes you back to the same place on the page.
• On a short screen, such as a phone held sideways, the page shows OPEN THE MAP instead of the map itself.

PULSE shows where money is rotating between sectors, and which stocks inside the strong sectors are worth a look. It tracks the 11 SPDR sector funds plus XRT (retail), each measured against the S&P 500, and can plot asset classes, styles and world markets the same way (SECTORS OR ASSETS).

PULSE first shows what it last saved on this device, if from the last 4 days, marked As of and the time. When you open the terminal, it refreshes what is saved in the background. Today’s data replaces it as soon as it loads, usually within seconds. If it cannot load, the time stays, marked couldn’t refresh.

• On a computer the header is one row, with the Standout under it; a phone held upright shows the chips, counts and Standout under the map. The chips left of the arrow are the sectors money is leaving; right of it, the sectors it is going to. Click a chip to focus that sector.
• Sectors up draws one square per sector for the period: green up, red down.
• Beat S&P does the same against the S&P 500: green beat it over the period, red lagged it. A sector can be up and still lag.
• The period switch (1D, 1W, 1M, 3M, YTD) sets both counts, the sector returns, the Rotation Leaders period and the map’s colours. It opens on 1D. What Changed and Insights follow it but never read less than a week. The RS table keeps its own.
• The terminal’s HINTS switch turns hover explanations and highlights on or off.

Under the header, the Standout line names the strongest group of S&P 500 stocks and its strongest stock. Three boxes sit below it; a phone held upright leaves them out.

• Leading sector: the Leading sector furthest right on the Sectors chart. With none Leading, the box shows the Improving sector highest on the chart; with neither, the sector furthest right.
• #1 sub-sector: the group with the best typical return over the last 20 sessions, against the S&P 500. A group needs 3 or more stocks. When it beats the S&P 500, Insights shows the same figure on 1M with S&P 500 selected.
• Standout name: that group’s best 20-session return among stocks above their 50-day average.
• A dashed chip is the case against it: a stock more than 15% above its 50-day average, or its options flow leaning bearish in the latest session.
• Click the sector or sub-sector box to focus that sector across the page.
• It always uses 20 sessions. The period switch does not change it.
• A short screen, such as a phone held sideways, leaves the Standout out to keep the rotation chart in view.

• Every sector’s return for the period, strongest first, with its quadrant.
• On 1D, once loaded, each tile’s line is the latest session against the S&P 500, every half hour from the open (until 10:00 ET, the session before), over a faint line at level. Other periods draw its momentum.
• Click a tile to focus that sector. The map zooms to it; XRT has no group on the map, so the map stays whole.
• Hidden on a phone.

• On a computer these sit in the map card’s header. A phone’s band shows PRICE, FLOW and CB; the full map, like the one behind OPEN THE MAP, has its own toolbar.
• PRICE colours each tile by its move over the page’s period. FLOW colours it by today’s options flow.
• CAP sizes tiles by market cap and, on PRICE, weights each sector’s move by it; EQUAL treats every name alike. On FLOW, PREMIUM sizes them by today’s options premium.
• PRE and AH appear while the market is closed and that session has trades.
• CB switches to a colour-blind palette: blue for up, orange for down.
• Find ticker dims every tile except the names that match.
• The line beside the title gives breadth, the average move and which prices you are seeing: live, delayed or a close.

• From 4:00 to 9:30 AM ET on a trading day, PRE-MARKET MOVERS sits above the map: the 8 S&P 500 names up most and the 8 down most so far, each tile coloured as the map colours it.
• A name’s pre-market move is its last trade since 4:00 AM ET against the previous close. A name that has not traded yet has no move, not 0%.
• Click a tile to show that name on the map. On a phone, the full map opens on it.
• Until 9:30 the map opens on PRE once the pre-market has trades. Press PRE, or the period switch’s own period, to go back to the page’s period.
• The S&P 500 tables’ 1D is the pre-market move until then, headed PRE, and the RS column compares it with SPY’s own pre-market move.
• At 9:30 the strip goes, and the map and tables return to the session’s moves.

On Sectors, each dot on the rotation chart is a sector fund at its latest reading. On a phone held upright, Board lists the same sectors in four boxes laid out the same way, the Rotation Map board. Right means its strength against the S&P 500 is above its own 60-day average. Up means that strength is rising.

• Sectors tend to move clockwise: Improving → Leading → Weakening → Lagging.
• Click a dot for its last 30 sessions and to focus that sector; click it again, or empty space, to clear. With HINTS on, hover a dot for its reading. On the board, tap a sector for its detail card.

• On a computer, a clicked dot draws its path over the last 30 sessions, dated where it starts, with an arrow into today. The path is averaged over about a week, so the daily wobble does not hide the route; it ends on today’s reading.
• The slider under the chart replays those 30 sessions: drag it, or press play, and every dot moves along its path. The scale holds still while it plays. A dot it shows is that week’s average, and its hover reading says so.

• Assets, Style and World, beside Sectors at the top right of the rotation chart (on a phone, in the Rotation Map’s header), plot other markets against the S&P 500 on the same 60-day reading. Sectors goes back, and Pulse remembers your choice.
• Assets: the Nasdaq 100, small caps, stocks abroad, real estate, Treasuries, corporate bonds, gold, silver, oil, commodities, currencies and bitcoin.
• Style: large, mid and small caps in value, blend and growth (large blend is the S&P 500 itself, so it is left out), plus the equal-weight S&P 500. World: 20 markets through 21 US-listed funds (China has two).
• Rankings, and the Rotation Map on a phone, switch with it. What Changed, Insights, the Standout and Rotation Leaders always show sectors.
• Until a view has a fresh reading, the chart keeps showing the sectors.
• On a computer, click a dot for its 30-session path. It is not a sector, so a sector you picked elsewhere on the page stays picked.

• Rankings draws each sector’s momentum (MOM) and relative strength (STR) as bars: right and green above zero, left and red below. Click a column header to sort.
• What Changed has one row per rotation signal: quadrant crossings first, as from → to, then every other signal as its key figures. Click a row for the full sentence.
• The signals come from fixed rules, not an AI model. One you have already seen stays hidden for up to 7 days.
• A phone held upright shows no Rankings. Under its rotation graph, chips name the funds whose quadrant changed over What Changed's window, coloured by where they went; tap one to select its dot. What Changed sits below with its first five signals; SHOW ALL lists the rest.
• In a narrower window, as on most laptops, the What Changed and Insights panel has its own row under the chart and Rankings, and spreads the open tab over two columns.

• Insights, the first tab, measures each sub-sector against the S&P 500 for the period: the median return of its names minus the S&P’s. Leading lists the ones that beat it, lagging the ones that trailed it.
• On 1D, What Changed and Insights show 1W, so the rank changes below always have a week to measure. The label at the top right of the panel says which period it shows; the Risk tab hides it, since its gauges always read 20 sessions.
• One line at the top says what moved. Climbing and Fading are the sub-sectors that rose and fell the most places in that ranking over four weeks (five sessions until the earlier weeks load). Breadth is the sector whose share of names above their 50-day average changed most over 20 trading days.
• Beside each sub-sector, Wk shows how many places it moved against five sessions earlier, and >50d how many of its names trade above their 50-day average.
• Once the weeks before have loaded, Wk becomes 4 wks: a small line through the sub-sector’s place in the ranking on each of the last four weeks and today, 1st at the top. Its last dot is green if it climbed over those weeks and red if it fell. With HINTS on, hover the row for each week’s place.
• Options flow shows today’s net bullish premium by sub-sector, whatever the period.
• S&P 500 | All liquid picks the stocks it ranks. All liquid adds about 500 more liquid stocks and ADRs (mid and small caps, foreign listings, recent IPOs) to the same sub-sectors, plus themes the index has no names in, such as AI Hosting, Quantum, Space and Crypto. Pulse remembers your choice.
• Insights also shows the three strongest names in the top sub-sector and each sector’s share of names above their 50-day average, read each evening after the close. On a computer, a stock ticker there, in Rotation Leaders, in the S&P 500 table or in the Standout opens on CHART.
• In Breadth, a tick on each sector’s bar marks where that share stood 20 trading days earlier, and the figure beside it is the change in percentage points. A sector shows no tick when the number of names counted changed in between.
• Risk, the third tab, reads the market’s risk appetite: five gauges, each against its usual range, and the 60-day count of cyclical against defensive sectors. It describes the market; it is not a forecast.
• Select a sector and Insights ranks that sector’s own sub-sectors. ‹ All sectors goes back.

ROTATION LEADERS ranks stocks by return percentile × their sector’s quadrant weight:

• It follows the period switch and opens on 1D. On a computer its own period buttons change only this list; a phone has none.
• Click or tap a sector anywhere above to see only that sector’s names.
• Desktop shows the top 20. A phone shows 5, with Show all for 20; held upright, it leaves Rotation Leaders out. A focused sector lists all its names.

The RELATIVE STRENGTH table ranks stocks by their return minus SPY’s. Positive means beating the index.

• It has its own period buttons and sector chips. Focusing a sector above does not filter it.
• MULTI shows 1D, 1W and 1M side by side.
• HOT: up on 1D, 1W and 1M, with an average daily gain above 0.5% over the week. COLD is the opposite.
• Type a ticker in Search to filter. Click a column header to sort.
• On a phone held upright: Bars first (the 8 best and 8 worst against the S&P 500); Table is the stock list, 15 at a time.

• A quadrant describes recent strength against the S&P 500. It is not a forecast. A sector can sit in Leading while it falls, if the index falls faster.
• During pre-market and market hours, positions and returns can include live prices, so they can change before the close.
• Rotation Leaders is a ranking, not a trade list. It has no entry, stop or size.