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Neutral-Down: XLK leads the SPDR 11: SPY trend Normal: 1 big mover: 1 squeeze setup building

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

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

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  1. 0:00Market Conditions moved from Neutral Up at 62.5 to Neutral Down at 57.5. Mixed, conditions softening
  2. 0:08Under the surface, Trend is supportive, while Breadth still needs attention. Two of the seven lights are green, so the backdrop is fragile and worth treating with care.
  3. 0:20S P Y remains above both its fifty-day and two-hundred-day averages, so the primary trend is constructive. Breadth is narrow, with four of the eleven sectors above the two-hundred-day average.
  4. 0:34Our macro economic indicator reads 74.6, which is Moderate Growth. Employment is the strongest part of it, and Inflation the weakest.
  5. 0:45Technology leads the sector table. Communications moved down 4 places, as shown by the movement column.
  6. 0:53What we're watching next. X L C (Communications) dropped 4 ranks to number 7. X L C in T T M Squeeze (22 bars): watch for breakout.
  7. 1:06Sector Rotation Monitor is the dashboard these numbers come from. It covers global and European markets, commodities, bonds, U S industries, factors, and crypto. Built-in presets show how every group ranks today, and watchlists with configurable alerts tell you when a ranking you follow moves. It's free to try for fourteen days at sector rotation monitor dot com, so you can look at the data yourself and decide what it's worth to you. And if these briefings are useful, subscribing keeps them coming. This is general information, not personal advice.

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Market Conditions are Neutral-Down (score 57.5/100): main risks: distribution red, credit red. Underlying SPY trend is Normal with MEI at 74.6/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Technology (XLK) leads at #1 with a Stable signal and score 70.0, while Utilities (XLU) trails at #11. 1 sector 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) • Credit (red)

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

43/100

Macro Economic Indicator?

MODERATE GROWTH

74.6/100

Economic Regime?

Stagflation

growth -5.8 · prices +18.2

US Sector Rotation (SPDR 11)

RankΔSectorSignalQuadrantScore
1→XLKStableLeading70
2→XLVImprovingLeading60
3↑2XLIWeakImproving45
4→XLPWeakLagging42
5↑2XLBWeakLagging40
6→XLEWeakLagging39
7↓4XLCWeakLagging37
8↑1XLREWeakLagging36
9↓1XLYAvoidLagging32
10→XLFWeakLagging31
11→XLUWeakLagging27

Notable Changes

⚡XLC (Communications) dropped 4 ranks to #7
⚡XLC in TTM Squeeze (22 bars): watch for breakout

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.

XLI, XLB, XLRE, XLY, XLF

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