The Base Rate — Flag Log

Last updated 2026-08-05 13:40 UTC · regenerated automatically every trading day

Every flag we publish, with everything that happened next — no selection, no deletions, losers included. Statistics, not advice.

The flag log

All published earnings-gap flags since inception (23 so far). Forward returns fill in as they mature.

DateTickerGapSectorBand+5d+10d+20d
2026-08-05UBER-3.2%Industrials3-5%pendingpendingpending
2026-08-05TRMB+4.5%Information Technology3-5%pendingpendingpending
2026-08-05PSKY+3.0%Communication Services3-5%pendingpendingpending
2026-08-05LLY+4.2%Health Care3-5%pendingpendingpending
2026-08-05IRM+4.0%Real Estate3-5%pendingpendingpending
2026-08-05GILD+3.8%Health Care3-5%pendingpendingpending
2026-08-05DIS+4.4%Communication Services3-5%pendingpendingpending
2026-08-05CDW+4.3%Information Technology3-5%pendingpendingpending
2026-08-05BKNG+3.4%Consumer Discretionary3-5%pendingpendingpending
2026-08-05ANET+3.0%Information Technology3-5%pendingpendingpending
2026-08-04WMB-3.8%Energy3-5%pendingpendingpending
2026-08-04ROK-5.4%Industrials5-8%pendingpendingpending
2026-08-04PLTR+17.9%Information Technology>15%pendingpendingpending
2026-08-04OKE-3.5%Energy3-5%pendingpendingpending
2026-08-04NRG+5.8%Utilities5-8%pendingpendingpending
2026-08-04MPC-5.0%Energy3-5%pendingpendingpending
2026-08-04IT+4.1%Information Technology3-5%pendingpendingpending
2026-08-04FIS-13.3%Financials8-15%pendingpendingpending
2026-08-04FANG-3.4%Energy3-5%pendingpendingpending
2026-08-04DD+3.2%Materials3-5%pendingpendingpending
2026-08-04CMI-6.0%Industrials5-8%pendingpendingpending
2026-08-04CLX+4.7%Consumer Staples3-5%pendingpendingpending
2026-08-04ARE+3.9%Real Estate3-5%pendingpendingpending

The base-rate library

Forward-return distributions for all 22,290 recorded earnings gaps since 2020, from the flag day's open. This is the historical context behind every briefing.

10 trading days later

Gap bandNMedian 10dMiddle halfFinished higher
>15% down353+0.5%-7.0% to +7.7%52%
>15% up356+0.2%-6.9% to +9.0%51%
8-15% down986+0.3%-5.6% to +6.1%51%
8-15% up1170+0.5%-5.2% to +6.2%52%
5-8% down1358+0.1%-5.0% to +5.6%51%
5-8% up1507+1.2%-4.2% to +6.3%56%
3-5% down1840+0.6%-4.1% to +5.6%54%
3-5% up2097+1.1%-3.6% to +6.0%55%
sub-threshold% down5829+0.9%-3.3% to +5.4%56%
sub-threshold% up6793+0.8%-3.3% to +5.1%55%

5 trading days later

Gap bandNMedian 5dMiddle halfFinished higher
>15% down354+0.6%-5.6% to +8.6%52%
>15% up356+0.2%-6.4% to +7.3%51%
8-15% down986-0.1%-5.4% to +4.8%49%
8-15% up1170+0.1%-4.8% to +5.2%50%
5-8% down1358+0.2%-4.2% to +4.5%51%
5-8% up1507+0.4%-3.5% to +4.8%53%
3-5% down1840+0.4%-3.7% to +4.3%52%
3-5% up2097+0.6%-3.4% to +4.3%54%
sub-threshold% down5829+0.5%-3.0% to +4.2%54%
sub-threshold% up6793+0.5%-2.9% to +3.9%54%

20 trading days later

Gap bandNMedian 20dMiddle halfFinished higher
>15% down354+1.9%-6.8% to +11.1%56%
>15% up356+1.2%-8.2% to +11.3%54%
8-15% down986+0.6%-6.9% to +7.9%53%
8-15% up1170+1.3%-6.5% to +8.5%54%
5-8% down1358+0.7%-6.3% to +7.2%53%
5-8% up1507+1.6%-4.5% to +8.4%57%
3-5% down1840+0.7%-5.2% to +7.3%54%
3-5% up2097+1.9%-4.1% to +7.6%58%
sub-threshold% down5829+1.4%-3.8% to +6.9%57%
sub-threshold% up6793+1.3%-3.9% to +6.7%57%

How flags are selected (pre-registered)

Selection is mechanical — fixed rules, zero discretion, quiet days included:

Statistics rules: full distributions, never win rates; explicit N everywhere; no slice published below N=100; coarse public-knowledge buckets only. Historical base rates cover 2020–present; the universe skews to current index constituents (survivorship caveat). Forward returns are measured from the flag day's open — the first price available after the gap is observable.