Daily Market Brief

Neutral-Up: XLK leads the SPDR 11: SPY trend Normal: 2 big movers: 1 squeeze setup building

September 21, 2026 · Data through the US close · Auto-generated from quantitative models

Final since September 21, 2026 at 11:00 PM UTC. The numbers on this page do not change after that.

Educational commentary, not investment advice. See full disclaimer.

Market Conditions are Neutral-Up (score 67.5/100): main risks: distribution red, breadth amber. Underlying SPY trend is Normal with MEI at 73.8/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Technology (XLK) leads at #1 with a Improving signal and score 65.9, while Utilities (XLU) trails at #11. 2 sectors moved 3+ ranks today.

Market Conditions

Neutral-Up67.5/100

Constructive: conditions improving

Trend

Breadth

Distribution

Volatility

Credit

Internals

Macro Regime

Main risks: Distribution (red) • Breadth (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

52.8/100

Macro Economic Indicator?

MODERATE GROWTH

73.8/100

Economic Regime?

Stagflation

growth -5.7 · prices +20.6

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	→	XLKTechnology	Improving	Leading	66
2	↑1	XLCCommunications	Weak	Leading	58
3	↑1	XLVHealthcare	Weak	Lagging	44
4	↓2	XLEEnergy	Weak	Lagging	42
5	↑5	XLYDiscretionary	Weak	Lagging	37
6	↑1	XLREReal Estate	Weak	Lagging	36
7	↓2	XLPStaples	Weak	Lagging	35
8	→	XLFFinancials	Weak	Lagging	35
9	↓3	XLIIndustrials	Weak	Lagging	34
10	↑1	XLBMaterials	Weak	Lagging	27
11	↓2	XLUUtilities	Weak	Lagging	26

Notable Changes

⚡XLC in TTM Squeeze (17 bars): watch for breakout

⚡XLY (Discretionary) climbed 5 ranks to #5

⚡XLI (Industrials) dropped 3 ranks to #9

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLK (Technology): score 66, 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.

XLY, XLRE, XLF, XLI, XLB

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