Daily Pre-Market Brief

Neutral-Down — XLV leads the SPDR 11 — SPY trend Normal — 3 big movers — 4 squeeze setups building

July 28, 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-Down** (score 57.5/100) — main risks: distribution red, trend amber. Underlying SPY trend is Normal with MEI at 63.9/100 (MODERATE GROWTH) and sentiment reading NEUTRAL. Healthcare (XLV) leads at #1 with a Improving signal and score 78.9, while Technology (XLK) trails at #11. 3 sectors moved 3+ ranks today.

Market Conditions

Neutral-Down57.5/100

Cautious — half size, defensive tilt

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

44.5/100

Macro Economic Indicator?

MODERATE GROWTH

63.9/100

Economic Regime?

Recovery

US Sector Rotation (SPDR 11)

Rank	Δ	Sector	Signal	Quadrant	Score
1	↑3	XLVHealthcare	Improving	Leading	79
2	↑4	XLPStaples	Stable	Leading	71
3	↓1	XLREReal Estate	Stable	Leading	70
4	↓1	XLFFinancials	Improving	Leading	68
5	↑2	XLBMaterials	Improving	Leading	68
6	↓5	XLEEnergy	Stable	Leading	64
7	↓2	XLIIndustrials	Improving	Leading	60
8	→	XLUUtilities	Weak	Leading	55
9	→	XLCCommunications	Weak	Leading	51
10	↑1	XLYDiscretionary	Weak	Lagging	44
11	↓1	XLKTechnology	Weak	Lagging	31

Notable Changes

⚡XLV (Healthcare) climbed 3 ranks to #1

⚡XLP (Staples) climbed 4 ranks to #2

⚡XLP in TTM Squeeze (17 bars) — watch for breakout

⚡XLB in TTM Squeeze (10 bars) — watch for breakout

⚡XLE (Energy) dropped 5 ranks to #6

⚡XLI in TTM Squeeze (11 bars) — watch for breakout

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

What to Watch

Sectors near a signal threshold or with elevated seasonal tailwinds.

›XLV — seasonal score bullish (86/100)
›XLP — seasonal score bullish (85/100)
›XLRE — seasonal score bullish (88/100)
›XLF (Financials) — score 68, approaching Strong threshold (70)
›XLF — seasonal score bullish (89/100)
›XLB (Materials) — score 68, approaching Strong threshold (70)
›XLB — seasonal score bullish (73/100)
›XLI — seasonal score bullish (86/100)
›XLU — seasonal score bullish (85/100)
›XLC — seasonal score bullish (91/100)
›XLY — seasonal score bullish (83/100)
›XLK — seasonal score bullish (90/100)

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.

XLY, XLK

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