Marketaxess Holdings Inc

MKTX remains in a Stage 4 decline with price below all major EMAs and a clear lower‐high/lower‐low sequence, confirming supply dominance. A Post‐Capitulation pattern signals some selling exhaustion, but no higher lows or repair of EMAs have emerged. Short‐term timing is neutral as price tightly tracks just under the 9/21 EMAs. Under the Stable strategy’s defensive framework, we defer bearish engagement until a rally into dynamic resistance, resulting in a Trim posture.

• ↑Q1’26 revenue surged 12% YoY to $233M; diluted EPS $2.25 (+20% YoY)
• ↑Launched TraX Tape bond data product to bolster AI-driven analytics
• ↓U.S. credit market share declined amid fierce competition