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

April 23, 2026 at 12:40 PM UTC · Auto-generated from quantitative models

Market regime is NORMAL with MEI at 63.6/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Technology (XLK) leads at #1 with a BUY signal and score 77.6, while Healthcare (XLV) trails at #11. 1 sector moved 3+ ranks today.

US Market Indicators

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

SPY Sentiment?

NEUTRAL

50.8/100

Macro Economic Indicator?

MODERATE GROWTH

63.6/100

Economic Regime?

Expansion

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	→	XLKTechnology	Strong	Leading	78
2	→	XLYDiscretionary	Weak	Improving	59
3	↑4	XLCCommunications	Weak	Lagging	44
4	↓1	XLREReal Estate	Weak	Lagging	44
5	↓1	XLFFinancials	Weak	Lagging	40
6	→	XLBMaterials	Weak	Lagging	39
7	↓2	XLIIndustrials	Weak	Lagging	37
8	→	XLEEnergy	Weak	Lagging	33
9	→	XLPStaples	Weak	Lagging	31
10	→	XLUUtilities	Weak	Lagging	29
11	→	XLVHealthcare	Weak	Lagging	24

Notable Changes

⚡XLC (Communications) climbed 4 ranks to #3

⚡XLP in TTM Squeeze (7 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

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