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

November 10, 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 52.5 to Unfavorable at 37.5. Unfavorable, conditions deteriorating
  2. 0:09Under the surface, none of the seven lights is green, and Trend leads the ones that need attention, so the backdrop is fragile and worth treating with care.
  3. 0:19S 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 63.4, which is Moderate Growth. Employment is the strongest part of it, and Monetary Policy the weakest.
  5. 0:44Healthcare leads the sector table. Staples moved up 3 places, as shown by the movement column.
  6. 0:51What we're watching next. X L P (Staples) climbed 3 ranks to number 2. X L I has been in a T T M Squeeze for 27 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 F: seasonal score bullish (91/100), X L R E: seasonal score bullish (81/100), X L B: seasonal score bullish (90/100), X L C: seasonal score bullish (80/100), X L I: seasonal score bullish (91/100), X L K: seasonal score bullish (88/100) for confirmation of the next rotation move.
  7. 1:35Sector 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 37.5/100): main risks: distribution red, credit red. Underlying SPY trend is Defensive with MEI at 63.4/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Healthcare (XLV) leads at #1 with a Strong signal and score 83.7, while Technology (XLK) trails at #11. 1 sector moved 3+ ranks today.

Market Conditions

Unfavorable37.5/100

Unfavorable: conditions deteriorating

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

49.1/100

Macro Economic Indicator?

MODERATE GROWTH

63.4/100

Economic Regime?

Recession

growth -2.1 · prices -4.4 · too close to call

US Sector Rotation (SPDR 11)

RankΔSectorSignalQuadrantScore
1→XLVStrongLeading84
2↑3XLPStrongLeading80
3↓1XLYStrongLeading77
4→XLFStrongLeading75
5↓2XLREStrongLeading74
6→XLBStrongLeading71
7→XLUStableLeading70
8→XLCWeakLeading62
9→XLIWeakLeading60
10→XLEWeakLagging35
11→XLKWeakLagging20

Notable Changes

⚡XLP (Staples) climbed 3 ranks to #2
⚡XLI has been in a TTM Squeeze for 27 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)
  • ›XLF: seasonal score bullish (91/100)
  • ›XLRE: seasonal score bullish (81/100)
  • ›XLB: seasonal score bullish (90/100)
  • ›XLC: seasonal score bullish (80/100)
  • ›XLI: seasonal score bullish (91/100)
  • ›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.

XLK

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