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Unfavorable: XLV leads the SPDR 11: SPY trend Normal: 1 in a squeeze for over a week

November 5, 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 47.5 to Unfavorable at 27.5. Unfavorable, conditions deteriorating
  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. 0:20S 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. 0:32Our macro economic indicator reads 63.1, which is Moderate Growth. Employment is the strongest part of it, and Monetary Policy the weakest.
  5. 0:44Healthcare leads the sector table. Communications moved up 1 places, as shown by the movement column.
  6. 0:51What we're watching next. X L I has been in a T T M Squeeze for 24 days in a row, so its price range has narrowed. Watch X L V: seasonal score bullish (92/100), X L P: seasonal score bullish (87/100), X L Y: seasonal score bullish (90/100), X L B: seasonal score bullish (90/100), X L F: seasonal score bullish (91/100), X L R E: seasonal score bullish (81/100), X L I: seasonal score bullish (91/100), X L C: seasonal score bullish (80/100), X L K: seasonal score bullish (88/100) for confirmation of the next rotation move.
  7. 1:33Sector 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 Unfavorable (score 27.5/100): main risks: trend red, distribution red. Underlying SPY trend is Normal with MEI at 63.1/100 (MODERATE GROWTH) and sentiment reading RISK-OFF. Healthcare (XLV) leads at #1 with a Strong signal and score 80.9, while Technology (XLK) trails at #11.

Market Conditions

Unfavorable27.5/100

Unfavorable: conditions deteriorating

Trend
Breadth
Distribution
Volatility
Credit
Internals
Macro Regime

Main risks: Trend (red) • Distribution (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?

RISK-OFF

31.1/100

Macro Economic Indicator?

MODERATE GROWTH

63.1/100

Economic Regime?

Stagflation

growth -2.3 · prices +2.0 · too close to call

US Sector Rotation (SPDR 11)

RankΔSectorSignalQuadrantScore
1→XLVStrongLeading81
2→XLPStableLeading79
3→XLYStableLeading76
4→XLBStrongLeading76
5→XLFStableLeading75
6→XLREStableLeading75
7→XLUStableLeading74
8→XLIWeakLeading55
9↑1XLCWeakImproving53
10↓1XLEWeakLagging39
11→XLKWeakLagging21

Notable Changes

⚡XLI has been in a TTM Squeeze for 24 days in a row, so its price range has narrowed.

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

  • ›XLV: seasonal score bullish (92/100)
  • ›XLP: seasonal score bullish (87/100)
  • ›XLY: seasonal score bullish (90/100)
  • ›XLB: seasonal score bullish (90/100)
  • ›XLF: seasonal score bullish (91/100)
  • ›XLRE: seasonal score bullish (81/100)
  • ›XLI: seasonal score bullish (91/100)
  • ›XLC: seasonal score bullish (80/100)
  • ›XLK: seasonal score bullish (88/100)

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, XLC, XLK

Want the full picture?

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