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Neutral-Up — XLI leads the SPDR 11 — SPY trend Normal

June 30, 2026 · Data through the US close · Auto-generated from quantitative models

Final since . 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, trend amber. Underlying SPY trend is Normal with MEI at 58.0/100 (SLOWDOWN) and sentiment reading NEUTRAL. Industrials (XLI) leads at #1 with a Stable signal and score 74.2, while Communications (XLC) trails at #11.

Market Conditions

Neutral-Up67.5/100

Constructive — standard size

Trend
Breadth
Distribution
Volatility
Credit
Internals
Macro Regime

Main risks: Distribution (red) • Trend (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

53.2/100

Macro Economic Indicator?

SLOWDOWN

58/100

Economic Regime?

Recovery

US Sector Rotation (SPDR 11)

RankΔSectorSignalQuadrantScore
11XLIStableLeading74
21XLVStableLeading74
3XLUStableLeading65
4XLFStableLeading60
52XLKWeakWeakening55
61XLYWeakImproving54
71XLREWeakImproving53
8XLPWeakLagging47
9XLBWeakLagging47
101XLEWeakLagging38
111XLCWeakLagging37

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

  • XLV — seasonal score bullish (73/100)
  • XLU (Utilities) — score 65, approaching Strong threshold (70)

Action Items

Economic Regime Favours

Sectors historically outperforming in this phase of the business cycle.

XLP, XLU, TLT, GLD

Caution: Persistent Weakness

Sectors with an Avoid signal or in Weinstein Stage 4 (confirmed downtrend), excluding sectors currently favored by the economic regime.

XLB, XLE, XLC

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