Daily Pre-Market Brief

Neutral-Up — XLV leads the SPDR 11 — SPY trend Normal — 3 big movers

June 26, 2026 · Auto-generated from quantitative models

Educational commentary — not investment advice. See full disclaimer.

Market Conditions are **Neutral-Up** (score 62.5/100) — main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 58.8/100 (SLOWDOWN) and sentiment reading NEUTRAL. Healthcare (XLV) leads at #1 with a Improving signal and score 77.6, while Energy (XLE) trails at #11. 3 sectors moved 3+ ranks today.

Market Conditions

Neutral-Up62.5/100

Constructive — standard size

Trend

Breadth

Distribution

Volatility

Credit

Internals

Macro Regime

Main risks: Distribution (red) • Trend (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

42.8/100

Macro Economic Indicator?

SLOWDOWN

58.8/100

Economic Regime?

Recovery

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	↑5	XLVHealthcare	Improving	Leading	78
2	↓1	XLIIndustrials	Stable	Leading	74
3	↓1	XLUUtilities	Improving	Leading	70
4	↑1	XLFFinancials	Stable	Leading	69
5	↑2	XLREReal Estate	Stable	Leading	67
6	↓3	XLBMaterials	Stable	Leading	64
7	↑2	XLPStaples	Weak	Leading	58
8	→	XLYDiscretionary	Weak	Improving	52
9	↓5	XLKTechnology	Weak	Weakening	52
10	→	XLCCommunications	Weak	Lagging	36
11	→	XLEEnergy	Weak	Lagging	35

Notable Changes

⚡XLV (Healthcare) climbed 5 ranks to #1

⚡XLB (Materials) dropped 3 ranks to #6

⚡XLK (Technology) dropped 5 ranks to #9

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLV — seasonal score bullish (73/100)
›XLF (Financials) — score 69, approaching Strong threshold (70)
›XLRE (Real Estate) — score 67, approaching Strong threshold (70)

Action Items

Economic Regime Favours

Sectors historically outperforming in this phase of the business cycle.

XLP, XLU, TLT, GLD

Caution — Persistent Weakness

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

XLY, XLC, XLE

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