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Research Delivery 研究交付方式
How subscribers receive weekly research analysis outputs 訂閱用戶如何獲取每週研究分析輸出

Subscribers receive weekly research analysis outputs and research updates through a private Notion-based research portal. New research analysis outputs are typically published every Tuesday at 9:00 AM ET. 訂閱用戶將通過私有 Notion 研究平台獲取每週研究分析輸出與研究更新。最新研究分析輸出通常於每週二美東時間上午 9:00 發佈。

Access is invitation-only and provided after subscription approval. 平台採用邀請制訪問，訂閱審核通過後提供訪問權限。

Updates may include更新內容可能包括

  • Research analysis updates研究分析輸出更新
  • Output changes輸出變化
  • Market observations市場觀察
  • Research notes研究備注
📋 Platform: Notion (private, invitation-only)  ·  Frequency: Weekly (every Tuesday) + market alerts as needed  ·  Access: Email invite after payment confirmation 📋 平台：Notion（私有，邀請制） ·  頻率：每週（每週二）+ 市場預警不定期  ·  訪問方式：付款確認後發送郵件邀請
Weekly Publication Preview本週發佈預覽

This week's research analysis.
Two observations free. 本週研究分析
兩條觀察免費公開

Top 2 signals published free every week. Subscribe for complete rankings, full risk score breakdown, and research commentary. 每週前 2 個信號免費公開。訂閱後即可獲得完整排名、完整風險評分分解與研究評論。

📅 Latest Research Update: May 25, 2026 (Week 22)最新研究更新：2026 年 5 月 25 日（第 22 週）
Alpha Rotation Lab · Premium Weekly Report · CNETF-2026-W22 Alpha Rotation Lab · 高級訂閱周報 · CNETF-2026-W22
📅 2026-05-25 (Tue)2026-05-25（周二） Model V3.6模型版本 V3.6 FORMAL正式運行 FORMAL A-Share ETF RotationA 股 ETF 輪動
★ This Week's Summary ★ 本周一句話摘要
✅ Public公開
Market maintains full offensive posture. TMT technology, led by semiconductors, continues to dominate. Portfolio weekly outperformance reached +4.81pp. Noteworthy marginal development: A-share tech and overseas growth (Nasdaq +7.99%) formed a positive resonance — external environment shifted from divergence to convergence. 市場維持滿倉進攻格局，TMT 科技以半導體為核心強勢領漲，組合週度超額達 +4.81pp；值得關注的邊際改善是 A 股科技與海外成長（納指 +7.99%）形成共振，外部環境由分歧轉向協同。
I. Core Conclusions 一、本周核心結論
✅ Public公開
1.1 Market State & Risk Exposure 1.1 市場狀態與風險暴露
Item項目 This Week本周 Last Week上周
Market State市場狀態⚔ Offensive⚔ 進攻⚔ Offensive⚔ 進攻
Risk Exposure當前風險暴露High (100% invested)高風險暴露（滿倉 100%）High (100%)高風險暴露（滿倉 100%）
Holdings Count輪動持倉數量5 Directions5 個方向5 Directions5 個方向
Change狀態變化Maintain offensive · 40% rotation維持進攻 · 換手 40%—
1.2 Market Theme & Style 1.2 市場主線與風格判斷

Current Theme: TMT Technology (Semiconductor/Chip) + Overseas Tech (Nasdaq) 當前主線：TMT 科技（半導體芯片）+ 海外科技（納指）

Growth > Value成長 > 價值 Large & Mid-cap balanced大盤 + 科創寬基並重 Trend Continuation趨勢延續

Weekly characteristic: No sector rotation — tech leadership intact. Full theme details in subscriber report. 本周特徵：科技主線無切換。完整主線分析見訂閱者報告。

1.3 Free Direction Preview (First 2 of 5) 1.3 免費方向預覽（前 2 個）
Direction方向 Momentum Research Status動量狀態 Label標籤
TMT Technology (Semiconductor / Chip)TMT 科技（半導體芯片） ↑ Trend Above Filter正向動量 ▶ Leading領漲
Broad Tech Growth (Sci-innovation)科創成長（硬科技寬基） ↑ Trend Above Filter正向動量 ▶ Leading領漲

⚠ Research observations only. Not trading recommendations. For educational purposes. 僅為研究觀察，非交易建議，僅供教育目的。

II. Full Direction Rankings (Directions 3–5) 二、完整方向排名（方向 3–5）
Direction #3↑ Trend Above▶
Direction #4◐ Neutral◼
Direction #5◐ Neutral◼
🔒 Subscribers Only訂閱者專屬
Subscribe from $9.99 USD/mo →低至 9.99 美元/月 → 立即訂閱
III. Detailed Theme Analysis & Research Notes 三、主線詳細分析與研究備注

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🔒 Subscribers Only訂閱者專屬
IV. Risk Monitoring & Market Indicator Readings 四、風險監控與市場指標讀數

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🔒 Subscribers Only訂閱者專屬
Alpha Rotation Lab · Premium Weekly Report · USETF-2026-W22 Alpha Rotation Lab · 高級訂閱周報 · USETF-2026-W22
📅 2026-05-25 (Tue)2026-05-25（周二） Model V6.2模型版本 V6.2 FORMAL正式運行 FORMAL US ETF Rotation美股 ETF 輪動
★ This Week's Summary ★ 本周一句話摘要
✅ Public公開
Market maintains full offensive posture. AI and semiconductor complex continues to lead. Portfolio weekly outperformance reached +3.24pp. Notable: Nasdaq printed +7.99% on the week — largest single-week move this cycle — validating the growth-over-value thesis held since early April. 市場維持滿倉進攻格局，AI 及半導體板塊繼續主導。組合週度超額達 +3.24pp。值得關注：納指本周錄得 +7.99%，為本輪最大單周漲幅，進一步驗證自 4 月初以來持續的成長優先研判。
I. Core Conclusions 一、本周核心結論
✅ Public公開
1.1 Market State & Risk Exposure 1.1 市場狀態與風險暴露
Item項目 This Week本周 Last Week上周
Market State市場狀態⚔ Offensive⚔ 進攻⚔ Offensive⚔ 進攻
Risk Exposure當前風險暴露High (100% invested)高風險暴露（滿倉 100%）High (100%)高風險暴露（滿倉 100%）
Holdings Count輪動持倉數量5 Directions5 個方向5 Directions5 個方向
Change狀態變化Maintain offensive · 20% rotation維持進攻 · 換手 20%—
1.2 Market Theme & Style 1.2 市場主線與風格判斷

Current Theme: Technology (AI / Semiconductors) + Industrials recovery 當前主線：科技（AI / 半導體）+ 工業復蘇

Growth > Value成長 > 價值 Large-cap focused偏大盤 Trend Continuation趨勢延續

Weekly characteristic: Tech leadership intact, no sector rotation. Full theme analysis in subscriber report. 本周特徵：科技主線無切換。完整主線分析見訂閱者報告。

1.3 Free Direction Preview (First 2 of 5) 1.3 免費方向預覽（前 2 個）
Direction方向 Momentum Research Status動量狀態 Label標籤
Technology (AI / Semiconductors)科技（AI / 半導體） ↑ Trend Above Filter正向動量 ▶ Leading領漲
Broad Technology (Nasdaq 100)寬基科技（納指 100） ↑ Trend Above Filter正向動量 ▶ Leading領漲

⚠ Research observations only. Not trading recommendations. For educational purposes. 僅為研究觀察，非交易建議，僅供教育目的。

II. Full Direction Rankings (Directions 3–5) 二、完整方向排名（方向 3–5）
Direction #3↑ Trend Above▶
Direction #4◐ Neutral◼
Direction #5◐ Neutral◼
🔒 Subscribers Only訂閱者專屬
Subscribe from $9.99 USD/mo →低至 9.99 美元/月 → 立即訂閱
III. Detailed Theme Analysis & Research Notes 三、主線詳細分析與研究備注

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🔒 Subscribers Only訂閱者專屬
IV. Risk Monitoring & Market Indicator Readings 四、風險監控與市場指標讀數

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🔒 Subscribers Only訂閱者專屬
Subscribers Also Get訂閱者還獲得

Beyond the free preview.預覽之外的完整內容

📊
Full Direction Rankings完整方向排名All 5 ETF direction research entries with momentum labels, not just top 2.全部 5 個 ETF 方向研究條目含動量標籤，而非僅前 2 個。
🛡️
Full Risk Score完整風險評分Detailed 0–100 breakdown with component analysis.詳細 0–100 風險分解與各分項分析。
📝
Full Research Notes完整研究備注Complete model diagnostic and market regime commentary.完整模型診斷與市場狀態評論。
📚
Research Archive歷史研究存檔Full historical database of all past research analysis outputs.所有歷史研究分析輸出的完整數據庫。
🔄
Market Alerts市場預警Unscheduled updates on major regime changes.重大市場狀態切換時的臨時預警更新。
Historical Report Sample過往周報簡化樣本

What a full weekly report looks like. 完整周報的結構與内容

Partially-redacted sample. Public: report structure, risk analysis, partial ETF examples, charts, market state. Hidden: complete positions, full rankings, parameters, rebalancing details. 部分内容已遮蔽的樣本。公開：周報結構、風險分析、部分 ETF 示例、圖表、市場狀態。隱藏：完整倉位、完整排名、參數、調倉細節。

✅ Public公開 ⚠ Partial部分公開 ❌ Subscribers only訂閱者專屬

ARL Weekly Research Report  ·  Week 20 · May 13, 2026第 20 週 · 2026 年 5 月 13 日

US ETF Rotation Research · Published Tuesday after market close · All subscribers receive identical content美股 ETF 輪動模型 · 週二收盤後發佈 · 所有訂閱者收到相同内容
① Market Overview① 市場概覽 ✅ Public公開
Market Regime市場狀態
⚔ Constructive建設性
Risk Score風險評分 42 / 100
LowHigh
② ETF Direction Rankings② ETF 方向排名 ⚠ Partial (Top 2 public)部分公開（前 2 名）
#1Technology科技↑ Positive正向
#2Semiconductors半導體↑ Improving改善
#3🔒
#4🔒
#5🔒
③ Risk Analysis③ 風險分析 ⚠ Partial部分公開
Trend Filter Status趨勢過濾器狀態✓ Above Threshold在閾值上方
Volatility Regime波動率狀態Moderate — Stable溫和 — 穩定
Momentum Breadth動量廣度🔒 Subscribers only訂閱者專屬
Cross-Asset Signals跨資產信號🔒 Subscribers only訂閱者專屬
Risk Score Breakdown風險評分分解🔒 Subscribers only訂閱者專屬
④ Market Commentary④ 市場評論 ⚠ Excerpt only節選

Technology sector continues to demonstrate clear relative strength vs the broader market. Semiconductor names in particular have maintained momentum above the trend filter threshold for three consecutive weeks. Breadth conditions remain mixed but the leading sectors are clearly defined... 科技板塊繼續展現出相對大盤的明顯超強勢頭。半導體細分品種尤其在過去三週連續保持在趨勢過濾閾值上方。廣泛市場參與度仍然參差，但領先板塊已清晰界定...

🔒 Full commentary (~400 words) available to subscribers完整評論（約 400 字）向訂閱者開放

⑤ Allocation Framework Reference⑤ 配置框架參考 ❌ Subscribers only訂閱者專屬
Illustrative allocation reference — Subscribers only配置框架說明 — 訂閱者專屬
⑥ Allocation Details⑥ 配置詳情 ❌ Subscribers only訂閱者專屬
Allocation research analysis outputs — Subscribers only配置研究分析輸出 — 訂閱者專屬
See full subscription plans →查看完整訂閱方案 →
Publication Schedule發佈時間表

Consistent. Every week.一致。每週雷打不動。

Monday週一
Model Runs模型運行
Both models process after respective market closes. Signal generation, risk scoring, draft preparation.兩個模型分別於各自收盤後運行，信號生成、風險評分、研究草稿準備。
Tuesday週二
Research Published研究發佈
Full research published to subscriber Notion page before next market open. Public preview released simultaneously. 9:00 AM ET.完整研究在下一個交易日開盤前發佈至訂閱者 Notion 頁面，公開預覽同步發佈。美東時間上午 9:00。
Ongoing不定期
Market Alerts市場預警
Unscheduled updates when risk conditions shift materially — regime changes or significant volatility events.市場風險狀況出現實質性變化時（如狀態切換或重大波動事件），發出臨時研究更新。
Disclaimer免責聲明
Alpha Rotation Lab is a research and educational publication. Nothing herein constitutes investment advice, financial advice, legal advice, tax advice, or a recommendation to buy or sell any security. This publication does not provide individualized recommendations. All research analysis outputs are published uniformly to all subscribers.

Disclosure: Author may hold positions in securities discussed.
Performance Warning: Backtest and paper-trading results are hypothetical. They include 0.15%/trade cost but do not account for taxes, additional slippage, or market impact. Past performance does not guarantee future results. 阿爾法輪動實驗室發佈的研究分析輸出是一個規則驅動的 ETF 輪動研究出版物。本出版物任何內容均不構成投資建議、財務建議、法律建議、稅務建議或任何買賣證券的推薦。不提供個性化建議。所有研究分析輸出均統一向所有訂閱者發佈。

利益披露：作者可能持有所提及證券的倉位。
業績警告：回測及模擬盤業績為假設性結果，含每筆 0.15% 交易成本，未扣除稅費、額外滑點及市場衝擊成本。歷史業績不代表未來表現。