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AI-generated

Neutral-Down: XLE leads the SPDR 11: SPY trend Normal: 1 squeeze setup building

September 15, 2026 · Data through the US close · Auto-generated from quantitative models

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 67.6/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Energy (XLE) leads at #1 with a Stable signal and score 71.0, while Discretionary (XLY) trails at #11.

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

45.9/100

Macro Economic Indicator?

MODERATE GROWTH

67.6/100

Economic Regime?

Stagflation

growth -3.3 · prices +22.0 · too close to call

US Sector Rotation (SPDR 11)

RankΔSectorSignalQuadrantScore
1XLEStableLeading71
2XLCImprovingLeading68
3XLKWeakWeakening53
42XLVWeakWeakening52
51XLPWeakImproving51
61XLFWeakLagging50
7XLUWeakImproving47
8XLREWeakLagging45
91XLIWeakLagging40
101XLBWeakLagging40
112XLYWeakLagging37

Notable Changes

XLC in TTM Squeeze (13 bars): watch for breakout

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

  • XLC (Communications): score 68, approaching Strong threshold (70)

Action Items

The macro economic indicator favours

Sectors that have historically done well when this reading looks like it does today. That is history, not a forecast.

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.

XLF, XLRE, XLI, XLB, XLY

Want the full picture?

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