Daily Pre-Market Brief
AI-generatedNeutral-Down — XLE leads the SPDR 11 — SPY trend Normal — 3 big movers — 4 squeeze setups building
July 22, 2026 · Auto-generated from quantitative models
Educational commentary — not investment advice. See full disclaimer.
Market Conditions are **Neutral-Down** (score 55.0/100) — main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 61.9/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Energy (XLE) leads at #1 with a Stable signal and score 72.0, while Discretionary (XLY) trails at #11. 3 sectors moved 3+ ranks today.
Market Conditions
Neutral-Down55/100
Cautious — half size, defensive tilt
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
45.4/100
Macro Economic Indicator?
MODERATE GROWTH
61.9/100
Economic Regime?
Recession
US Sector Rotation (SPDR 11)
| Rank | Δ | Sector | Signal | Quadrant | Score |
|---|---|---|---|---|---|
| 1 | → | XLE | Stable | Leading | 72 |
| 2 | ↑2 | XLF | Weak | Weakening | 59 |
| 3 | ↓1 | XLRE | Weak | Leading | 59 |
| 4 | ↑3 | XLU | Weak | Leading | 56 |
| 5 | ↑6 | XLB | Weak | Improving | 54 |
| 6 | ↓1 | XLP | Weak | Leading | 52 |
| 7 | ↓1 | XLC | Weak | Improving | 49 |
| 8 | ↓5 | XLK | Weak | Lagging | 49 |
| 9 | ↓1 | XLI | Weak | Lagging | 47 |
| 10 | ↓1 | XLV | Weak | Weakening | 45 |
| 11 | ↓1 | XLY | Weak | Lagging | 45 |
Notable Changes
What to Watch
Sectors near a signal threshold or with elevated seasonal tailwinds.
- ›XLF — seasonal score bullish (89/100)
- ›XLRE — seasonal score bullish (88/100)
- ›XLU — seasonal score bullish (85/100)
- ›XLB — seasonal score bullish (73/100)
- ›XLP — seasonal score bullish (85/100)
- ›XLC — seasonal score bullish (91/100)
- ›XLK — seasonal score bullish (90/100)
- ›XLI — seasonal score bullish (86/100)
- ›XLV — seasonal score bullish (86/100)
- ›XLY — seasonal score bullish (83/100)
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.
XLB, XLC, XLK, XLY
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