Daily Pre-Market Brief

Neutral-Up: XLV leads the SPDR 11: SPY trend Normal: 2 squeeze setups building

August 28, 2026 · Data through the US close · Auto-generated from quantitative models

Educational commentary, not investment advice. See full disclaimer.

Market Conditions are **Neutral-Up** (score 67.5/100): main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 63.2/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Healthcare (XLV) leads at #1 with a Stable signal and score 63.9, while Industrials (XLI) trails at #11.

Market Conditions

Neutral-Up67.5/100

Constructive: conditions improving

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

63.2/100

Macro Economic Indicator?

MODERATE GROWTH

63.2/100

Economic Regime?

Expansion

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	→	XLVHealthcare	Stable	Leading	64
2	→	XLBMaterials	Weak	Leading	59
3	↑2	XLFFinancials	Weak	Weakening	56
4	→	XLKTechnology	Improving	Leading	55
5	↓2	XLEEnergy	Weak	Weakening	55
6	↑2	XLCCommunications	Weak	Leading	53
7	↑2	XLYDiscretionary	Weak	Improving	51
8	↓2	XLPStaples	Weak	Lagging	50
9	↓2	XLREReal Estate	Weak	Lagging	49
10	→	XLUUtilities	Weak	Lagging	41
11	→	XLIIndustrials	Weak	Lagging	36

Notable Changes

⚡XLF in TTM Squeeze (6 bars): watch for breakout

⚡XLP in TTM Squeeze (22 bars): watch for breakout

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.

XLI

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