XLK leads the SPDR 11 — regime bullish — 1 squeeze setup building

April 22, 2026 at 10:50 AM UTC · Auto-generated from quantitative models

Market regime is NORMAL with MEI at 65.6/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Technology (XLK) leads at #1 with a HOLD signal and score 74.1, while Healthcare (XLV) trails at #11.

US Market Indicators

All indicators are based on US equity markets and economic data.

SPY Sentiment?

NEUTRAL

46.7/100

Macro Economic Indicator?

MODERATE GROWTH

65.6/100

Economic Regime?

Expansion

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	→	XLKTechnology	Stable	Leading	74
2	→	XLYDiscretionary	Improving	Leading	63
3	→	XLREReal Estate	Weak	Lagging	47
4	↑2	XLFFinancials	Weak	Lagging	45
5	↓1	XLIIndustrials	Weak	Lagging	45
6	↑1	XLBMaterials	Weak	Lagging	44
7	↓2	XLCCommunications	Weak	Lagging	43
8	→	XLEEnergy	Weak	Lagging	34
9	↑1	XLPStaples	Weak	Lagging	30
10	↓1	XLUUtilities	Weak	Lagging	30
11	→	XLVHealthcare	Weak	Lagging	25

Notable Changes

⚡XLP in TTM Squeeze (6 bars) — watch for breakout

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLP — seasonal score bullish (79/100)
›XLU — seasonal score bullish (88/100)

Action Items

Economic Regime Favours

Sectors historically outperforming in this phase of the business cycle.

XLV, XLP, XLU

Caution — Persistent Weakness

Sectors with an Avoid signal or in Weinstein Stage 4 (confirmed downtrend), excluding sectors currently favored by the economic regime.

XLE

Want the full picture?

The dashboard shows 80+ fields per ETF, entry timers, holdings drill-down, and 9 asset universes — all interactive.

View Dashboard →