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

October 26, 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 Down at 45.0 to Neutral Down at 40.0. Mixed, conditions softening
  2. 0:09Under the surface, Macro Regime is supportive, while Trend still needs attention. One of the seven lights is green, so the backdrop is fragile and worth treating with care.
  3. 0:21S P Y is between its fifty-day and two-hundred-day averages, so the trend is mixed. Breadth is broad, with seven of the eleven sectors above the two-hundred-day average.
  4. 0:33Our macro economic indicator reads 62.8, which is Moderate Growth. Employment is the strongest part of it, and Monetary Policy the weakest.
  5. 0:45Energy leads the sector table. Discretionary moved up 2 places, as shown by the movement column.
  6. 0:52What we're watching next. X L I in T T M Squeeze (16 bars): watch for breakout. Watch X L B (Materials): score 68, approaching Strong threshold (70), X L U (Utilities): score 67, approaching Strong threshold (70), X L U: seasonal score bullish (87/100), X L Y (Discretionary): score 65, approaching Strong threshold (70), X L F: seasonal score bullish (76/100) for confirmation of the next rotation move.
  7. 1:26Sector 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.

Educational commentary, not investment advice. See full disclaimer.

Market Conditions are Neutral-Down (score 40.0/100): main risks: distribution red, credit red. Underlying SPY trend is Normal with MEI at 62.8/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Energy (XLE) leads at #1 with a Strong signal and score 82.5, while Communications (XLC) trails at #11.

Market Conditions

Neutral-Down40/100

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

46.7/100

Macro Economic Indicator?

MODERATE GROWTH

62.8/100

Economic Regime?

Stagflation

growth -4.2 · prices +17.2 · too close to call

US Sector Rotation (SPDR 11)

RankΔSectorSignalQuadrantScore
1→XLEStrongLeading82
2→XLVStrongLeading77
3→XLPStrongLeading74
4→XLBStableLeading68
5→XLUStableLeading67
6↑2XLYStableLeading65
7↓1XLFWeakLeading65
8↓1XLREWeakLeading65
9→XLIWeakImproving52
10↑1XLKWeakLagging37
11↓1XLCWeakLagging27

Notable Changes

⚡XLI in TTM Squeeze (16 bars): watch for breakout

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

  • ›XLB (Materials): score 68, approaching Strong threshold (70)
  • ›XLU (Utilities): score 67, approaching Strong threshold (70)
  • ›XLU: seasonal score bullish (87/100)
  • ›XLY (Discretionary): score 65, approaching Strong threshold (70)
  • ›XLF: seasonal score bullish (76/100)

Sector Readings

Historically stronger with this economic indicator reading

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

XLV, XLP, XLU

Persistent Weakness

Sectors with an Avoid signal or in Stage 4 (Declining), excluding the historically stronger sectors above. A description, not advice.

XLI, XLK, XLC

Want the full picture?

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