☀️ Favorable — XLK leads the SPDR 11 — regime bullish

May 3, 2026 at 8:00 PM UTC · Auto-generated from quantitative models

Market Weather reads **Favorable** (score 87.5/100) — main risks: distribution amber, volatility amber. Underlying regime is NORMAL with MEI at 66.4/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Technology (XLK) leads at #1 with a Neutral signal and score 69.5, while Healthcare (XLV) trails at #11.

Market Conditions

Favorable87.5/100

Clear skies — full size

Confidence: 100%

Risk/trade ≤ 1%

Trend

Breadth

Distribution

Volatility

Credit

Internals

Macro Regime

Main risks: Distribution (amber) • Volatility (amber)

Synthesised from trend, breadth, distribution, volatility, credit, internals, and macro inputs. See the Market Conditions tab for full detail on each light.

US Market Indicators

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

SPY Sentiment?

NEUTRAL

53.1/100

Macro Economic Indicator?

MODERATE GROWTH

66.4/100

Economic Regime?

Stagflation

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	→	XLKTechnology	Stable	Leading	70
2	→	XLEEnergy	Weak	Improving	69
3	→	XLPStaples	Weak	Improving	57
4	↑2	XLUUtilities	Weak	Improving	51
5	↓1	XLIIndustrials	Weak	Lagging	50
6	↓1	XLREReal Estate	Weak	Lagging	50
7	↑1	XLBMaterials	Weak	Lagging	47
8	↓1	XLYDiscretionary	Weak	Lagging	44
9	→	XLFFinancials	Weak	Lagging	43
10	↑1	XLCCommunications	Weak	Lagging	40
11	↓1	XLVHealthcare	Weak	Lagging	37

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLK (Technology) — score 70, approaching Strong threshold (70)
›XLK — seasonal score bullish (77/100)
›XLC — seasonal score bullish (80/100)

Action Items

Economic Regime Favours

Sectors historically outperforming in this phase of the business cycle.

XLV, XLP, XLU

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