Daily Pre-Market Brief

Neutral-Down: XLE leads the SPDR 11: SPY trend Normal: 2 big movers: 2 squeeze setups building

September 1, 2026 · Data through the US close · Auto-generated from quantitative models

Final since . The numbers on this page do not change after that.

Educational commentary, not investment advice. See full disclaimer.

Market Conditions are **Neutral-Down** (score 57.5/100): main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 63.7/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Energy (XLE) leads at #1 with a Weak signal and score 63.1, while Industrials (XLI) trails at #11. 2 sectors moved 3+ ranks today.

Market Conditions

Neutral-Down57.5/100

Mixed: conditions softening

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

53/100

Macro Economic Indicator?

MODERATE GROWTH

63.7/100

Economic Regime?

Stagflation

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	↑1	XLEEnergy	Weak	Weakening	63
2	↓1	XLVHealthcare	Stable	Leading	63
3	→	XLBMaterials	Weak	Improving	58
4	↑4	XLKTechnology	Weak	Leading	55
5	↑1	XLCCommunications	Weak	Improving	54
6	↓1	XLPStaples	Weak	Improving	54
7	↓3	XLFFinancials	Weak	Lagging	52
8	↑1	XLREReal Estate	Weak	Improving	49
9	↓2	XLYDiscretionary	Weak	Lagging	49
10	→	XLUUtilities	Weak	Lagging	41
11	→	XLIIndustrials	Weak	Lagging	33

Notable Changes

⚡XLK (Technology) climbed 4 ranks to #4

⚡XLP in TTM Squeeze (24 bars): watch for breakout

⚡XLF (Financials) dropped 3 ranks to #7

⚡XLF in TTM Squeeze (8 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.

XLRE, XLI

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