This document describes a financial time series analysis application called Quant Machine. It aims to forecast stock returns and determine bullish or bearish market conditions using historical return data. The application would analyze data on adjusted closing prices and returns for a universe of stocks, and use machine learning tools like regression, classification, PCA and feature selection to find patterns and make predictions. It discusses validating models on training and test data to select the most predictive model, and provides examples of using techniques like ARIMA, GARCH and Hidden Markov Models. The goal is to provide insights to algorithmic traders on directional stock moves and improve trading performance.