Daily Pre-Market Brief

Neutral-Up — XLV leads the SPDR 11 — SPY trend Normal — 3 big movers — 1 squeeze setup building

July 9, 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 60.0/100) — main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 60.4/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Healthcare (XLV) leads at #1 with a Stable signal and score 65.1, while Materials (XLB) trails at #11. 3 sectors moved 3+ ranks today.

Market Conditions

Neutral-Up60/100

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

55.4/100

Macro Economic Indicator?

MODERATE GROWTH

60.4/100

Economic Regime?

Recession

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	→	XLVHealthcare	Stable	Leading	65
2	→	XLFFinancials	Weak	Leading	60
3	↑2	XLCCommunications	Weak	Improving	56
4	→	XLEEnergy	Weak	Improving	50
5	↑2	XLYDiscretionary	Weak	Improving	50
6	↑5	XLKTechnology	Weak	Lagging	49
7	↓4	XLIIndustrials	Weak	Weakening	48
8	↑1	XLREReal Estate	Weak	Lagging	43
9	↓3	XLUUtilities	Weak	Weakening	43
10	↓2	XLPStaples	Weak	Lagging	38
11	↓1	XLBMaterials	Weak	Lagging	37

Notable Changes

⚡XLY in TTM Squeeze (8 bars) — watch for breakout

⚡XLK (Technology) climbed 5 ranks to #6

⚡XLI (Industrials) dropped 4 ranks to #7

⚡XLU (Utilities) dropped 3 ranks to #9

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLV (Healthcare) — score 65, approaching Strong threshold (70)
›XLV — seasonal score bullish (88/100)
›XLF — seasonal score bullish (89/100)
›XLC — seasonal score bullish (87/100)
›XLY — seasonal score bullish (87/100)
›XLK — seasonal score bullish (92/100)
›XLI — seasonal score bullish (90/100)
›XLRE — seasonal score bullish (90/100)
›XLU — seasonal score bullish (86/100)
›XLP — seasonal score bullish (84/100)
›XLB — seasonal score bullish (76/100)

Action Items

Economic Regime Favours

Sectors historically outperforming in this phase of the business cycle.

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.

XLC, XLE

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