Daily Market Look

PM decision surface

Daily Market Read

Start here after the close: breadth, return dispersion, trend support, and RSI temperature across the ETF universe.

Risk Regime

Mixed

Risk ladder checks: 6 pass / 3 watch / 2 fail.

Breadth

53.1% / 68.1%

ETF universe above 50DMA / 200DMA.

Leadership

Commodities / Crypto / USD (4.3%)

59.3% outperforming SPY over 1M.

Median Drawdown

-6.7%

Median distance from trailing 1Y highs.

Prior Snapshot

2026-07-29

Used for changed-since-prior-run table.

Primary Market Date

2026-07-30

113/113 ETFs at primary market date; fresh yfinance update

5D Breadth

63.7%

Positive 5D returns across the universe; best HERO 11.3%, worst USO -8.6%

1M Breadth

53.1%

Positive 1M returns; best GDXJ 93.0%, worst SMH -17.8%

Trend Breadth

53.1% / 68.1%

Share above 50DMA / 200DMA.

Median RSI

50.8

Daily RSI 14; 30 is washed out, 70 is extended.

Data Rows

436,766

Shared OHLCV history updates incrementally on each run.

USD

US Dollar Index

100.0

vs 50D-0.4%

vs 200D0.9%

30D ret+0.5%

60D ret+1.6%

30D Z0.22

60D Z0.54

Latest 2026-07-30 | DX-Y.NYB

Oil

WTI Crude Oil

83.96

vs 50D1.6%

vs 200D11.0%

30D ret+10.4%

60D ret-21.1%

30D Z0.69

60D Z-1.19

Latest 2026-07-30 | CL=F

10Y

10Y Treasury Yield

4.66%

vs 50D+13.6 bp

vs 200D+38.7 bp

30D chg+23.5 bp

60D chg+21.7 bp

30D Z0.73

60D Z0.39

Latest 2026-07-30 | ^TNX

Alpha Vantage index tape

SPY Candlestick With Dispersion, Correlation, And Tail-Risk Lines

Each card keeps the same structure: SPY candlestick with 50D/200D moving averages on top and one Alpha Vantage index line underneath. The second compact chart removes SPY and compares the index directly against VIX so dispersion, skew, and surface signals can be checked for volatility divergence. This risk tape starts in 2023-01-01 where history is available.

Single-Stock Vol Proxy

VIXEQ / DSPX / COR1M / COR3M

VIXEQ is the direct constituent-volatility read. DSPX and the correlation pair explain whether single-stock volatility is turning into dispersion or broad index co-movement.

Index-Tail Demand

SKEW / LTV / VVIX

These help separate a calm index tape from hidden protection demand. Rising tail gauges or vol-of-vol while SPY holds trend is a fragility warning.

Option Surface

SPOTVOL / SMILE / BFLY / PPUT

Useful for spotting current-vol, convexity, range-premium, and protective-put regimes that VIX alone can miss.

Forward Vol Curve

UZF / UZG / ... / UZZ

The monthly VIX futures mark indexes are converted into a curve so PMs can see contango, flattening, or backwardation like a rates curve.

Forward volatility curve

VIX Futures Term Structure

The UZ monthly CBOE VIX futures 4pm mark indexes are plotted like a yield curve. Curves are aligned by forward tenor, so prior snapshots compare front-to-back shape instead of today's calendar-month labels. Hover and the audit table show the exact month and symbol behind each point.

Front

Jul (UZN)
17.05

Nearest listed contract month in the current run-month order.

3M - Front

3.55

Positive means term structure is upward sloping by the third contract.

Back - Front

5.60

Back point is the farthest live contract in the curve: Apr (UZJ).

Curve State

Contango / carry

Coverage 10/12; as of 2026-07-29.

Current Curve Versus Prior Curves

Rolling Curve Slope History

Curve Inputs

Latest, one-week, and one-month changes are level-point changes for each monthly VIX futures mark index, not percent returns.

Tenor	Month	Symbol	Latest	1W Chg	1M Chg	Date
1	Jul	UZN	17.1	0.0	n/a	2026-07-21
2	Aug	UZQ	20.3	1.8	1.9	2026-07-29
3	Sep	UZU	20.6	1.0	1.3	2026-07-29
4	Oct	UZV	21.1	0.6	1.1	2026-07-29
5	Nov	UZX	21.2	0.5	0.5	2026-07-29
6	Dec	UZZ	21.2	0.3	0.2	2026-07-29
7	Jan	UZF	22.2	0.3	1.2	2026-07-29
8	Feb	UZG	22.6	0.2	0.7	2026-07-29
9	Mar	UZH	22.7	0.2	0.7	2026-07-29
10	Apr	UZJ	22.6	n/a	0.4	2026-07-29
11	May	UZK	n/a	n/a	n/a	n/a
12	Jun	UZM	n/a	n/a	n/a	n/a

Risk dashboard rail

SPY, VIX, MOVE, And Index-Tape Risk Read

SPY rows show percent returns; VIX, MOVE, and Alpha Vantage index rows show level changes. Movement and moving-average gap cells are colored against that row's own historical distribution, so a large VIX increase reads as stress while a large SPY gain reads as constructive.

Ticker	Name	Type	Latest	1D	5D	21D	63D	1Y Z	1Y Pctl	50D Gap	200D Gap	Risk Read	Date
SPY	S&P 500	Equity tape	741.69	1.7%	0.5%	-0.7%	4.5%	1.50	88.1%	-0.3%	6.4%	Neutral equity tape	2026-07-30
VIX	CBOE Volatility Index	Volatility / risk	17.09	-3.57	-1.61	0.64	0.20	-0.33	48.0%	-1.8%	-8.7%	Pressure rebuilding	2026-07-30
MOVE	ICE BofA MOVE Index	Volatility / risk	77.09	2.91	8.93	8.31	7.21	0.34	67.1%	6.4%	6.9%	Pressure rebuilding	2026-07-30
VIXEQ	Cboe S&P 500 Constituent Volatility Index	Constituent Vol	47.88	0.08	-2.30	0.39	4.33	1.59	94.0%	2.9%	15.5%	Stress rising from elevated level	2026-07-29
DSPX	Cboe S&P 500 Dispersion Index	Dispersion	43.37	-0.80	-3.89	-0.76	3.62	1.53	90.1%	0.6%	18.1%	High stress percentile	2026-07-29
COR1M	Implied Correlation 1M 50 Delta	1M Implied Correlation	11.97	4.21	7.67	4.41	1.79	-0.23	50.8%	44.9%	-14.3%	Pressure rebuilding	2026-07-29
COR3M	Implied Correlation 3M Delta Relative	3M Implied Correlation	12.99	2.91	5.45	4.01	-1.18	-0.43	29.4%	35.1%	-12.7%	Pressure rebuilding	2026-07-29
SKEW	Cboe SKEW Index	Tail Skew	139.55	-3.43	-10.64	-4.91	1.39	-1.20	12.7%	-3.0%	-3.8%	Pressure cooling	2026-07-29
LTV	Cboe S&P 500 Left Tail Index	Left Tail	11.78	1.57	1.45	2.64	3.69	0.46	79.8%	18.5%	8.3%	Pressure rebuilding	2026-07-29
VVIX	Cboe VIX of VIX Index	Vol-of-Vol	109.47	10.96	13.92	20.76	18.44	0.82	82.1%	17.1%	7.6%	Pressure elevated	2026-07-29
SPOTVOL	CBOE S&P 500 Spot Volatility Index	Spot Vol	15.52	4.78	7.82	5.53	4.37	1.64	92.1%	49.3%	43.9%	Stress rising from elevated level	2026-07-29
SMILE	Cboe S&P 500 SMILE Index	Option Smile	2,505.70	-10.20	-4.12	21.30	84.35	1.21	95.2%	0.6%	2.6%	High stress percentile	2026-07-29
BFLY	Cboe S&P 500 Iron Butterfly Index	Iron Butterfly	408.96	-0.50	2.26	15.20	20.50	1.30	88.9%	4.8%	3.7%	Stress rising from elevated level	2026-07-29
PPUT	The CBOE S&P 500 5 Put Protection Index	Put Protection	2,120.87	-25.38	-44.77	-35.35	36.26	0.93	77.8%	-2.1%	2.5%	Pressure elevated	2026-07-29

VIXEQ Constituent Vol

Cboe S&P 500 Constituent Volatility Index

Latest47.88 21D chg0.39 63D chg4.33 1Y Z1.59

Single-stock volatility proxy for S&P 500 constituents. Higher readings mean the average underlying stock-vol tape is heating up even if index volatility is muted. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: VIXEQ vs VIX

DSPX Dispersion

Cboe S&P 500 Dispersion Index

Latest43.37 21D chg-0.76 63D chg3.62 1Y Z1.53

Single-name volatility versus index volatility. Higher dispersion means stock-specific risk and selection matter more. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: DSPX vs VIX

COR1M 1M Implied Correlation

Implied Correlation 1M 50 Delta

Latest11.97 21D chg4.41 63D chg1.79 1Y Z-0.23

Macro co-movement gauge. Higher correlation means the index is behaving more like one block; lower correlation usually pairs with more idiosyncratic stock action. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: COR1M vs VIX

COR3M 3M Implied Correlation

Implied Correlation 3M Delta Relative

Latest12.99 21D chg4.01 63D chg-1.18 1Y Z-0.43

Medium-term co-movement gauge. Useful confirmation when 1M correlation is moving but the broader options surface has not fully repriced. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: COR3M vs VIX

SKEW Tail Skew

Cboe SKEW Index

Latest139.55 21D chg-4.91 63D chg1.39 1Y Z-1.20

Crash-tail pricing. Rising skew says investors are paying more for far-left-tail protection even if spot is calm. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: SKEW vs VIX

LTV Left Tail

Cboe S&P 500 Left Tail Index

Latest11.78 21D chg2.64 63D chg3.69 1Y Z0.46

Left-tail stress proxy. Useful for spotting whether protection demand is confirming or diverging from the SPY tape. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: LTV vs VIX

VVIX Vol-of-Vol

Cboe VIX of VIX Index

Latest109.47 21D chg20.76 63D chg18.44 1Y Z0.82

Volatility-of-volatility gauge. Higher VVIX says options on VIX are becoming more expensive, often an early warning that hedging demand is spreading beneath spot VIX. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: VVIX vs VIX

SPOTVOL Spot Vol

CBOE S&P 500 Spot Volatility Index

Latest15.52 21D chg5.53 63D chg4.37 1Y Z1.64

Spot volatility reference point. Helpful cross-check for whether the index-vol read is a current tape issue or mostly term-structure noise. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: SPOTVOL vs VIX

SMILE Option Smile

Cboe S&P 500 SMILE Index

Latest2,505.70 21D chg21.30 63D chg84.35 1Y Z1.21

Option-surface shape. Helps identify whether convexity demand is broadening beyond vanilla index volatility. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: SMILE vs VIX

BFLY Iron Butterfly

Cboe S&P 500 Iron Butterfly Index

Latest408.96 21D chg15.20 63D chg20.50 1Y Z1.30

Range-premium / short-vol structure proxy. Helpful when SPY is grinding but option markets are pricing a tight tape. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: BFLY vs VIX

PPUT Put Protection

The CBOE S&P 500 5 Put Protection Index

Latest2,120.87 21D chg-35.35 63D chg36.26 1Y Z0.93

Protective-put strategy proxy. This is not a put/call ratio; it helps show whether hedged equity exposure is holding up versus the unhedged SPY tape. Latest index date 2026-07-29; source fresh-api.

VIX Divergence Line Check: PPUT vs VIX

Blow-off risk monitor

ETF Blow-Off Screen

This screen uses the warning profile selected from the internal threshold sweep: 5-year return at least 175%, 6-month return above 20%, price at least 2 standard deviations above that ETF's own prior 200DMA gap history, and price at an all-time high. All four tests must be true on the same trading date. Red condition cells mean that trigger test is active; green means it is still below the trigger point.

Triggering Today

0

All four blow-off tests are currently true on the latest trading date.

One Condition Away

0

Three of four tests are true, so this is the highest-priority watchlist.

Close Watch

1

Two tests are true and the remaining shortfall is not large.

Top Screen Name

CRAK

Close watch

Coverage

113

ETFs with enough local price history to evaluate the blow-off checklist.

DistanceLower is closer. Missing long-history inputs are penalized, so newer ETFs do not crowd out mature ETFs with a real five-year sample.

Post-Signal RiskAvg 6M Max DD is the average worst drawdown over the next 126 trading days after that ETF's own historical trigger starts. The sample count is shown in the cell.

Drawdown PanelThe lower panel uses drawdown from all-time high, not rolling one-year high, so it is aligned with the all-time-high condition.

Ticker	Name	Group	Status	Met	Distance	Close	5Y >= 175%	6M > 20%	200D >= 2z	At ATH	Last Trigger	Days Since	Trigger Days	Avg 6M Max DD	PM Read
CRAK	Refiners	Industries / Infrastructure / Housing	Close watch	2	0.3	55.82	141.2%	33.2%	1.8z / 25.1%	0.0%	n/a	n/a	0	n/a (n=0)	Momentum extended but incomplete
IHE	Pharma	Financial / Health Care Industries	Not close	0	0.8	102.5	74.8%	18.9%	1.8z / 17.3%	-1.4%	2015-04-23	4,116	13	-9.4% (n=7)	No blow-off setup
IWD	Value	Style / Market Structure	Not close	0	1.2	250.7	72.5%	14.8%	1.4z / 13.1%	-0.5%	n/a	n/a	0	n/a (n=0)	No blow-off setup
DXJ	Japan Hedged	International Equity	Not close	1	1.2	174.9	235.6%	14.5%	0.7z / 11.3%	-2.7%	2026-02-25	155	13	-2.5% (n=2)	No blow-off setup
XLE	Energy	Cyclical Sectors	Not close	1	1.2	58.96	186.4%	17.1%	0.8z / 13.5%	-5.1%	2026-03-27	125	6	n/a (n=0)	No blow-off setup
IHF	Health Providers	Financial / Health Care Industries	Not close	1	1.4	56.75	11.1%	25.1%	1.6z / 16.3%	-2.3%	n/a	n/a	0	n/a (n=0)	No blow-off setup
IAK	Insurance	Financial / Health Care Industries	Not close	0	1.6	147.6	110.2%	13.0%	0.9z / 11.4%	-2.9%	n/a	n/a	0	n/a (n=0)	No blow-off setup
EWU	United Kingdom	International Equity	Not close	1	1.8	48.68	80.4%	7.0%	0.9z / 8.8%	0.0%	n/a	n/a	0	n/a (n=0)	No blow-off setup
DBC	Commodities	Commodities / Crypto / USD	Not close	1	1.8	29.32	72.8%	20.0%	1.1z / 12.5%	-7.5%	n/a	n/a	0	n/a (n=0)	No blow-off setup
NXTG	5G / Digital Infra	Growth / Tech Leadership	Not close	1	1.9	145.9	110.3%	29.3%	1.5z / 17.8%	-12.6%	n/a	n/a	0	n/a (n=0)	No blow-off setup
EWA	Australia	International Equity	Not close	0	1.9	29.82	42.1%	9.0%	0.8z / 8.3%	-0.1%	n/a	n/a	0	n/a (n=0)	No blow-off setup
XLK	Technology	Growth / Tech Leadership	Not close	1	1.9	175.7	137.9%	22.4%	0.8z / 13.4%	-11.2%	2026-06-02	58	29	-5.7% (n=11)	No blow-off setup
RSP	Equal Weight S&P	Core Index Beta	Not close	0	2.0	215.4	53.3%	9.6%	0.6z / 8.7%	-1.1%	n/a	n/a	0	n/a (n=0)	No blow-off setup
PEJ	Leisure	Thematic / Speculative Growth	Not close	0	2.0	67.05	39.0%	11.8%	0.6z / 10.0%	-1.2%	n/a	n/a	0	n/a (n=0)	No blow-off setup
IWM	Russell 2000	Core Index Beta	Not close	0	2.0	292.6	40.9%	13.2%	0.7z / 10.5%	-2.6%	n/a	n/a	0	n/a (n=0)	No blow-off setup
VO	Mid Cap	Style / Market Structure	Not close	0	2.0	80.99	45.4%	10.2%	0.5z / 7.9%	-0.4%	n/a	n/a	0	n/a (n=0)	No blow-off setup
QUAL	Quality	Factors / Risk Appetite	Not close	0	2.0	218.9	69.1%	8.6%	0.4z / 7.6%	-0.8%	n/a	n/a	0	n/a (n=0)	No blow-off setup
EZU	Eurozone	International Equity	Not close	0	2.1	69.65	61.3%	6.4%	0.6z / 7.9%	-0.3%	n/a	n/a	0	n/a (n=0)	No blow-off setup
XLF	Financials	Cyclical Sectors	Not close	0	2.1	57.00	70.2%	7.6%	0.5z / 8.6%	-1.0%	n/a	n/a	0	n/a (n=0)	No blow-off setup
KRE	Regional Banks	Financial / Health Care Industries	Not close	0	2.1	75.90	39.1%	11.6%	0.7z / 12.9%	-2.6%	n/a	n/a	0	n/a (n=0)	No blow-off setup

CRAK Refiners

Industries / Infrastructure / Housing | history starts 2015-08-20; chart view starts 2015-08-20. Shaded bands mark dates when all four blow-off tests fired on the same day.

Close watch 2/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

IHE Pharma

Financial / Health Care Industries | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

IWD Value

Style / Market Structure | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

DXJ Japan Hedged

International Equity | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

XLE Energy

Cyclical Sectors | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

IHF Health Providers

Financial / Health Care Industries | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

IAK Insurance

Financial / Health Care Industries | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

EWU United Kingdom

International Equity | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

DBC Commodities

Commodities / Crypto / USD | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

NXTG 5G / Digital Infra

Growth / Tech Leadership | history starts 2011-02-18; chart view starts 2011-02-18. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

EWA Australia

International Equity | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

XLK Technology

Growth / Tech Leadership | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 1/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

RSP Equal Weight S&P

Core Index Beta | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

PEJ Leisure

Thematic / Speculative Growth | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

IWM Russell 2000

Core Index Beta | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

VO Mid Cap

Style / Market Structure | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

QUAL Quality

Factors / Risk Appetite | history starts 2013-07-18; chart view starts 2013-07-18. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

EZU Eurozone

International Equity | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

XLF Financials

Cyclical Sectors | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

KRE Regional Banks

Financial / Health Care Industries | history starts 2010-01-04; chart view starts 2010-01-04. Shaded bands mark dates when all four blow-off tests fired on the same day.

Not close 0/4 met

Price, Blow-Off Trigger Bands, And All-Time-High Drawdown

Change detection

Changed Since Prior Run

Compared with prior run date 2026-07-29.

Ticker	Name	Group	1D	Δ 5D	Δ RS 1M	Δ RSI	Δ DD	Driver
SILJ	Junior Silver Miners	Metals / Miners	5.1%	8.5%	3.4%	7.7	3.0%	RSI 7.7; RS 3.4%; drawdown 3.0%
GDXJ	Junior Gold Miners	Metals / Miners	4.3%	7.0%	3.9%	2.7	4.0%	RS 3.9%; drawdown 4.0%
SMH	Semiconductors	Growth / Tech Leadership	6.9%	7.0%	1.7%	9.3	5.2%	RSI 9.3; drawdown 5.2%
PALL	Palladium	Commodities / Crypto / USD	4.2%	7.4%	3.8%	7.4	2.6%	RSI 7.4; RS 3.8%; drawdown 2.6%
QTUM	Quantum/AI	Growth / Tech Leadership	6.1%	6.5%	1.9%	11.9	4.8%	RSI 11.9; drawdown 4.8%
CARZ	Autos	Industries / Infrastructure / Housing	5.8%	7.6%	1.1%	10.9	4.6%	RSI 10.9; drawdown 4.6%
URA	Uranium	Commodities / Crypto / USD	5.9%	5.0%	4.8%	10.1	3.6%	RSI 10.1; RS 4.8%; drawdown 3.6%
GRID	Smart Grid	Growth / Tech Leadership	5.4%	5.4%	2.4%	15.3	4.6%	RSI 15.3; drawdown 4.6%
SIL	Silver Miners	Metals / Miners	4.5%	7.0%	3.3%	7.6	2.8%	RSI 7.6; RS 3.3%; drawdown 2.8%
GDX	Gold Miners	Metals / Miners	4.4%	6.4%	3.7%	7.6	2.8%	RSI 7.6; RS 3.7%; drawdown 2.8%
XLK	Technology	Growth / Tech Leadership	5.5%	6.1%	1.6%	12.6	4.6%	RSI 12.6; drawdown 4.6%; volume 1.6x
NUKZ	Nuclear	Industries / Infrastructure / Housing	5.0%	4.2%	3.8%	13.6	4.0%	RSI 13.6; RS 3.8%; drawdown 4.0%
MTUM	Momentum	Factors / Risk Appetite	5.5%	5.1%	2.2%	10.7	4.5%	RSI 10.7; drawdown 4.5%
URNM	Uranium Miners	Metals / Miners	4.9%	4.6%	4.6%	8.6	2.8%	RSI 8.6; RS 4.6%; drawdown 2.8%
COPX	Copper Miners	Metals / Miners	4.4%	6.3%	1.9%	6.9	3.5%	RSI 6.9; drawdown 3.5%
AIQ	AI Theme	Growth / Tech Leadership	4.8%	5.8%	1.5%	10.0	3.9%	RSI 10.0; drawdown 3.9%
PLTM	Platinum	Commodities / Crypto / USD	3.0%	6.0%	3.7%	6.5	1.8%	RSI 6.5; RS 3.7%
XME	Metals & Mining	Metals / Miners	4.4%	4.5%	2.9%	9.4	3.2%	RSI 9.4; RS 2.9%; drawdown 3.2%
ARKK	Speculative Tech	Thematic / Speculative Growth	3.3%	5.9%	1.9%	7.3	2.5%	RSI 7.3; drawdown 2.5%
EEM	Emerging Markets	International Equity	4.1%	4.5%	1.6%	10.6	3.5%	RSI 10.6; drawdown 3.5%
USO	Oil	Commodities / Crypto / USD	-1.4%	-6.8%	-2.1%	-1.8	-1.2%	Incremental tape change
SLV	Silver	Commodities / Crypto / USD	3.3%	6.8%	0.9%	6.3	1.6%	RSI 6.3
EWZ	Brazil	International Equity	3.0%	4.1%	2.3%	8.5	2.6%	RSI 8.5; drawdown 2.6%
SPHB	High Beta	Factors / Risk Appetite	3.8%	4.4%	1.2%	9.4	3.3%	RSI 9.4; drawdown 3.3%
NXTG	5G / Digital Infra	Growth / Tech Leadership	3.3%	4.6%	1.4%	9.8	2.8%	RSI 9.8; drawdown 2.8%
XES	Oil Services	Industries / Infrastructure / Housing	3.1%	4.5%	2.0%	7.5	2.4%	RSI 7.5
QQQ	Nasdaq 100	Core Index Beta	3.3%	5.0%	0.6%	10.8	2.9%	RSI 10.8; drawdown 2.9%; volume 1.6x
MAGS	Magnificent 7	Style / Market Structure	2.2%	6.7%	0.0%	7.3	1.9%	RSI 7.3
CWB	Convertibles	Rates / Credit	3.2%	3.8%	1.5%	12.8	2.8%	RSI 12.8; drawdown 2.8%
EZU	Eurozone	International Equity	2.9%	4.6%	0.6%	11.2	2.8%	RSI 11.2; drawdown 2.8%

Can risk be pressed?

Risk Ladder

This condenses index trend, equal-weight confirmation, credit appetite, volatility, USD, rates, cyclicals, and breadth into one pre-chart checklist.

Check	Status	Detail
SPY trend confirmed	Watch	SPY Fading \| RSI 49.4
QQQ trend confirmed	Watch	QQQ Fading \| RSI 43.2
IWM risk appetite	Pass	IWM Above 50/200 \| RSI 49.1
Equal weight vs cap weight	Pass	RSP 1M RS 1.9%
Credit risk appetite	Pass	HYG minus LQD 1M 1.9%
VIX not pressuring risk	Pass	VIX 17.1 \| 30D 4.1%
MOVE not pressuring rates	Fail	MOVE 77.1 \| 30D 0.1%
USD not surging	Pass	USD 30D 0.5% \| Z 0.22
10Y move orderly	Pass	10Y 30D +23.5 bp
Cyclicals vs defensives	Fail	1M median spread -3.9%
ETF breadth above 50D	Watch	53.1% above 50DMA

Sleeve dashboard

Median Returns And Trend Breadth

Sleeve-level medians reduce single-ticker noise. Percent above 50D and 200D separates price strength from durable trend confirmation.

Sleeve	ETFs	1D Median	5D Median	1M Median	6M Median	1Y Median	% > 50D	% > 200D	% RS > SPY	Median RSI	Median DD
Core Index Beta	6.0	1.9%	0.3%	-1.2%	8.7%	18.2%	33.3%	100.0%	33.3%	49.2	-2.9%
Style / Market Structure	6.0	0.9%	0.9%	-0.0%	6.4%	14.3%	66.7%	66.7%	66.7%	48.9	-2.3%
Factors / Risk Appetite	5.0	1.4%	0.0%	-0.2%	8.6%	19.3%	60.0%	100.0%	60.0%	53.0	-2.1%
Growth / Tech Leadership	11.0	3.7%	-0.0%	-7.8%	20.5%	26.1%	36.4%	81.8%	27.3%	46.7	-13.0%
Thematic / Speculative Growth	4.0	1.1%	1.2%	-4.5%	3.8%	24.7%	50.0%	50.0%	50.0%	49.9	-11.4%
Cyclical Sectors	7.0	0.5%	1.1%	-0.5%	5.7%	9.8%	57.1%	57.1%	57.1%	46.3	-5.1%
Defensive Sectors	4.0	-1.5%	1.0%	2.9%	5.6%	10.2%	75.0%	100.0%	75.0%	53.4	-3.0%
Industries / Infrastructure / Housing	16.0	1.8%	-1.6%	-2.8%	10.1%	27.8%	43.8%	68.8%	43.8%	45.7	-16.6%
Financial / Health Care Industries	10.0	0.2%	1.1%	4.3%	10.9%	23.9%	100.0%	80.0%	90.0%	56.3	-3.5%
Rates / Credit	14.0	0.1%	0.3%	-0.8%	-0.2%	3.1%	21.4%	50.0%	50.0%	44.6	-2.0%
Metals / Miners	9.0	4.4%	1.2%	1.8%	-14.1%	49.4%	33.3%	44.4%	55.6%	51.5	-23.3%
International Equity	8.0	2.0%	3.6%	3.2%	6.7%	23.7%	87.5%	75.0%	87.5%	58.5	-6.4%
Commodities / Crypto / USD	13.0	1.3%	0.6%	4.3%	4.3%	26.0%	61.5%	53.8%	84.6%	52.3	-16.7%

Leadership check

Relative Strength Vs SPY

Absolute charts show whether price is working; this table shows whether the ETF is earning capital versus SPY.

Top Relative Leaders

Ticker	Name	Group	RS 5D	RS 1M	RS 50D	RS Trend
GDXJ	Junior Gold Miners	Metals / Miners	1.0%	56.2%	43.2%	Outperforming
CRAK	Refiners	Industries / Infrastructure / Housing	-0.3%	22.0%	12.8%	Outperforming
USO	Oil	Commodities / Crypto / USD	-9.0%	20.6%	3.3%	Outperforming
FXI	China Large Cap	International Equity	5.5%	16.4%	7.1%	RS repairing
XOP	Oil E&P	Industries / Infrastructure / Housing	-0.9%	14.1%	6.9%	Outperforming
GSG	Commodities	Commodities / Crypto / USD	-4.0%	12.5%	3.4%	Outperforming
XLE	Energy	Cyclical Sectors	-1.2%	11.8%	4.6%	Outperforming
BTC-USD	Bitcoin	Commodities / Crypto / USD	-1.0%	11.2%	-0.8%	Underperforming
DBC	Commodities	Commodities / Crypto / USD	-3.7%	10.7%	2.5%	Outperforming
CLOU	Cloud	Growth / Tech Leadership	9.8%	10.0%	6.8%	Outperforming
HERO	Video Games	Industries / Infrastructure / Housing	10.8%	9.9%	8.2%	RS repairing
WOOD	Timber	Metals / Miners	4.7%	9.6%	7.3%	RS repairing
FCG	Natural Gas Equities	Industries / Infrastructure / Housing	-2.1%	9.0%	2.6%	Outperforming
PALL	Palladium	Commodities / Crypto / USD	4.2%	8.8%	2.7%	RS repairing
PSP	Private Equity	Financial / Health Care Industries	3.5%	8.3%	4.1%	RS repairing
PNQI	Internet	Growth / Tech Leadership	5.8%	7.5%	3.2%	RS repairing
IHI	Medical Devices	Financial / Health Care Industries	6.2%	7.5%	5.3%	RS repairing
IAI	Broker Dealers	Financial / Health Care Industries	-0.7%	7.3%	1.9%	RS repairing
PLTM	Platinum	Commodities / Crypto / USD	3.3%	7.1%	-3.2%	Underperforming
XLF	Financials	Cyclical Sectors	1.6%	7.1%	5.9%	Outperforming

Relative Laggards

Ticker	Name	Group	RS 5D	RS 1M	RS 50D	RS Trend
SMH	Semiconductors	Growth / Tech Leadership	-7.6%	-17.3%	-9.3%	RS fading
QTUM	Quantum/AI	Growth / Tech Leadership	-2.7%	-14.6%	-8.6%	RS fading
CARZ	Autos	Industries / Infrastructure / Housing	-2.1%	-13.0%	-8.2%	RS fading
UFO	Space	Thematic / Speculative Growth	-0.2%	-12.9%	-14.2%	Underperforming
MTUM	Momentum	Factors / Risk Appetite	-5.3%	-12.3%	-5.3%	RS fading
AIQ	AI Theme	Growth / Tech Leadership	-1.5%	-9.9%	-6.6%	RS fading
SPHB	High Beta	Factors / Risk Appetite	-3.0%	-9.5%	-4.4%	RS fading
XTL	Telecom	Industries / Infrastructure / Housing	-2.8%	-9.3%	-7.2%	RS fading
ARKK	Speculative Tech	Thematic / Speculative Growth	-1.7%	-9.2%	-5.7%	Underperforming
XHB	Homebuilders	Cyclical Sectors	-2.5%	-8.9%	-2.1%	Underperforming
URA	Uranium	Commodities / Crypto / USD	-3.9%	-8.5%	-10.6%	Underperforming
ITB	Home Construction	Industries / Infrastructure / Housing	0.5%	-8.0%	-0.9%	Underperforming
ROBO	Robotics	Growth / Tech Leadership	-0.1%	-7.6%	-5.3%	Underperforming
GRID	Smart Grid	Growth / Tech Leadership	-2.2%	-7.2%	-4.8%	Underperforming
XLK	Technology	Growth / Tech Leadership	-2.0%	-7.1%	-3.6%	RS fading
QQQ	Nasdaq 100	Core Index Beta	-1.7%	-6.5%	-4.1%	Underperforming
EEM	Emerging Markets	International Equity	-2.0%	-6.4%	-4.0%	RS fading
NUKZ	Nuclear	Industries / Infrastructure / Housing	-2.4%	-5.7%	-5.2%	Underperforming
URNM	Uranium Miners	Metals / Miners	-3.6%	-5.3%	-8.7%	Underperforming
CWB	Convertibles	Rates / Credit	-2.1%	-5.1%	-3.5%	Underperforming

Sponsorship / pressure

Volume And Range Confirmation

Upside confirmation requires expanded participation and a close near the high of the daily range. Downside pressure flags wide-range closes near the low.

Upside Confirmation

Ticker	Name	Group	1D	Vol x20D	Range Pctl	Close Loc
SPXT	Ex-Tech S&P	Style / Market Structure	-0.3%	2.2	79.4%	84.5%
HERO	Video Games	Industries / Infrastructure / Housing	1.3%	1.8	77.0%	68.7%
IHF	Health Providers	Financial / Health Care Industries	-0.5%	1.8	75.8%	74.1%
EMLC	EM Local Debt	Rates / Credit	0.8%	1.7	86.5%	80.0%
OEF	S&P 100	Core Index Beta	2.0%	1.7	95.2%	90.0%
QQQ	Nasdaq 100	Core Index Beta	3.3%	1.6	96.8%	86.7%
XLK	Technology	Growth / Tech Leadership	5.5%	1.6	98.8%	90.8%
RSP	Equal Weight S&P	Core Index Beta	-0.2%	1.6	74.6%	80.9%
NUKZ	Nuclear	Industries / Infrastructure / Housing	5.0%	1.5	94.4%	99.0%
CRAK	Refiners	Industries / Infrastructure / Housing	2.9%	1.5	93.7%	88.7%
ITA	Aerospace & Defense	Industries / Infrastructure / Housing	0.8%	1.5	73.0%	100.0%
EEM	Emerging Markets	International Equity	4.1%	1.4	95.6%	96.3%
PALL	Palladium	Commodities / Crypto / USD	4.2%	1.4	71.8%	97.2%
SPY	S&P 500	Core Index Beta	1.7%	1.4	87.7%	90.3%
DBB	Base Metals	Commodities / Crypto / USD	1.3%	1.4	66.7%	73.7%
QUAL	Quality	Factors / Risk Appetite	1.4%	1.3	82.5%	85.8%
XME	Metals & Mining	Metals / Miners	4.4%	1.3	79.4%	95.5%
XLC	Communication Services	Cyclical Sectors	-2.7%	1.3	100.0%	94.0%

Downside Pressure

Ticker	Name	Group	1D	Vol x20D	Range Pctl	Close Loc
IAK	Insurance	Financial / Health Care Industries	-2.3%	1.2	98.4%	36.2%
XLRE	Real Estate	Defensive Sectors	-1.4%	1.4	97.6%	33.0%
UUP	US Dollar	Commodities / Crypto / USD	-1.0%	2.2	97.2%	8.3%
XLU	Utilities	Defensive Sectors	-0.6%	1.3	84.9%	34.5%
XHB	Homebuilders	Cyclical Sectors	-0.2%	1.5	77.4%	37.2%
XLB	Materials	Cyclical Sectors	-0.2%	0.9	75.8%	35.3%
ITB	Home Construction	Industries / Infrastructure / Housing	-1.1%	0.6	72.6%	34.0%

Heat tables

Returns, RSI, And Moving-Average Distance By Sleeve

Green cells mark positive return or trend distance; red cells mark drawdowns, underperformance, or broken moving-average structure. RSI is blue below 40, neutral green in the middle, and orange/red as it gets extended.

Sleeve return heat table

Core Index Beta

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
SPY	S&P 500	1.7%	0.5%	-0.7%	-0.7%	10.0%	7.8%	18.2%	0.0%	49.4	-0.3%	6.4%	1.4	87.7%
QQQ	Nasdaq 100	3.3%	-1.2%	-7.2%	-7.2%	14.8%	10.2%	20.9%	-6.5%	43.2	-4.4%	6.2%	1.6	96.8%
IWM	Russell 2000	1.4%	0.2%	-2.6%	-2.6%	14.8%	13.2%	33.4%	-1.9%	49.1	0.2%	10.5%	1.0	40.1%
OEF	S&P 100	2.0%	0.7%	-0.1%	-0.1%	9.5%	6.9%	17.8%	0.6%	49.6	-0.5%	5.7%	1.7	95.2%
RSP	Equal Weight S&P	-0.2%	1.6%	1.2%	1.2%	9.4%	9.6%	18.1%	1.9%	57.5	2.2%	8.7%	1.6	74.6%
XLG	Mega Cap	2.5%	0.0%	-1.8%	-1.8%	5.3%	2.3%	12.4%	-1.1%	45.8	-2.4%	1.6%	0.9	97.6%

10-session return tape

Core Index Beta Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
SPY	S&P 500	-1.0%	-0.2%	+0.8%	-0.1%	-1.2%	+0.1%	0.0%	+0.2%	-1.5%	+1.7%	-1.2%
QQQ	Nasdaq 100	-1.5%	+0.1%	+1.9%	-0.5%	-1.9%	-1.1%	-0.3%	-1.0%	-2.0%	+3.3%	-3.2%
IWM	Russell 2000	-0.5%	-0.6%	+1.4%	-0.9%	-0.6%	-0.3%	+0.6%	+0.2%	-1.6%	+1.4%	-1.0%
OEF	S&P 100	-1.2%	0.0%	+0.8%	-0.2%	-1.5%	0.0%	0.0%	+0.3%	-1.6%	+2.0%	-1.5%
RSP	Equal Weight S&P	-0.8%	-0.4%	+0.2%	0.0%	-0.4%	+0.8%	+0.8%	+1.2%	-0.9%	-0.2%	+0.1%
XLG	Mega Cap	-1.2%	0.0%	+1.1%	-0.2%	-1.9%	-0.2%	-0.3%	-0.1%	-1.8%	+2.5%	-2.1%

Sleeve return heat table

Style / Market Structure

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
MAGS	Magnificent 7	2.2%	1.1%	-0.6%	-0.6%	1.8%	-3.4%	12.2%	0.1%	43.9	-3.5%	-1.3%	0.7	77.8%
XMAG	Ex-Mag 7	1.3%	-0.3%	-2.7%	-2.7%	11.8%	10.7%	18.8%	-2.1%	49.0	0.1%	8.2%	0.4	74.2%
VO	Mid Cap	0.5%	0.8%	0.5%	0.5%	11.0%	10.2%	14.6%	1.2%	56.7	1.6%	7.9%	0.7	74.2%
IWF	Growth	3.0%	-1.0%	-5.4%	-5.4%	5.5%	1.0%	7.1%	-4.8%	43.3	-3.9%	-0.2%	0.8	96.8%
IWD	Value	0.5%	1.8%	3.4%	3.4%	14.3%	14.8%	29.3%	4.1%	61.6	3.3%	13.1%	0.9	64.7%
SPXT	Ex-Tech S&P	-0.3%	1.0%	0.5%	0.5%	2.8%	2.6%	13.9%	1.2%	48.8	0.5%	3.8%	2.2	79.4%

10-session return tape

Style / Market Structure Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
MAGS	Magnificent 7	-1.8%	0.0%	0.0%	-1.0%	-4.6%	-0.1%	-0.2%	+0.7%	-1.4%	+2.2%	-6.2%
XMAG	Ex-Mag 7	-0.3%	-0.7%	+1.4%	+0.3%	-0.4%	-0.1%	+0.2%	+0.1%	-1.7%	+1.3%	+0.1%
VO	Mid Cap	-0.5%	-0.4%	+0.7%	0.0%	-0.2%	+0.3%	+0.6%	+0.4%	-0.9%	+0.5%	+0.5%
IWF	Growth	-1.5%	+0.1%	+1.6%	-0.3%	-1.9%	-0.8%	-0.4%	-0.6%	-2.1%	+3.0%	-3.1%
IWD	Value	-0.6%	-0.4%	+0.2%	0.0%	-0.5%	+0.8%	+0.6%	+0.9%	-1.0%	+0.5%	+0.5%
SPXT	Ex-Tech S&P	-1.0%	-0.3%	-0.1%	-0.1%	-1.3%	+0.6%	+0.6%	+1.1%	-1.0%	-0.3%	-1.9%

Sleeve return heat table

Factors / Risk Appetite

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
SPHB	High Beta	3.8%	-2.5%	-10.2%	-10.2%	19.0%	15.8%	35.0%	-9.5%	43.6	-4.7%	10.1%	1.3	92.1%
MTUM	Momentum	5.5%	-4.8%	-12.9%	-12.9%	22.6%	17.0%	24.7%	-12.3%	43.9	-5.6%	10.1%	1.1	99.2%
QUAL	Quality	1.4%	1.4%	-0.2%	-0.2%	10.3%	8.6%	19.3%	0.5%	55.1	1.3%	7.6%	1.3	82.5%
SPHD	High Dividend Low Vol	-1.8%	0.7%	3.6%	3.6%	5.2%	7.0%	14.5%	4.3%	54.5	3.0%	7.5%	1.4	100.0%
SPLV	Low Vol	-1.5%	0.0%	2.2%	2.2%	3.4%	4.9%	7.3%	2.9%	53.0	2.4%	4.8%	1.3	100.0%

10-session return tape

Factors / Risk Appetite Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
SPHB	High Beta	-1.4%	-0.2%	+3.1%	-0.2%	-0.9%	-1.6%	+0.1%	-1.6%	-3.2%	+3.8%	-2.2%
MTUM	Momentum	-0.4%	+0.2%	+3.9%	-0.1%	-0.1%	-2.4%	-1.3%	-3.3%	-3.2%	+5.5%	-1.5%
QUAL	Quality	-1.3%	-0.4%	+0.5%	-0.4%	-0.6%	+0.4%	+0.2%	+0.6%	-1.1%	+1.4%	-0.8%
SPHD	High Dividend Low Vol	-0.6%	-0.5%	-0.3%	+0.3%	-0.6%	+1.3%	+0.2%	+1.3%	-0.2%	-1.8%	-1.0%
SPLV	Low Vol	-0.5%	-0.4%	-0.5%	+0.6%	+0.2%	+1.1%	0.0%	+1.0%	-0.6%	-1.5%	-0.5%

Sleeve return heat table

Growth / Tech Leadership

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
XLK	Technology	5.5%	-1.5%	-7.8%	-7.8%	29.9%	22.4%	33.5%	-7.1%	46.7	-3.9%	13.4%	1.6	98.8%
SMH	Semiconductors	6.9%	-7.1%	-17.8%	-17.8%	41.4%	33.6%	82.5%	-17.3%	42.3	-9.6%	20.0%	1.0	98.0%
IGV	Software	1.0%	7.1%	3.0%	3.0%	17.1%	3.3%	-17.2%	3.7%	55.0	0.5%	-1.6%	0.9	32.9%
CLOU	Cloud	0.4%	10.3%	9.3%	9.3%	31.4%	20.5%	7.3%	10.0%	62.4	6.5%	13.7%	1.1	46.4%
BUG	Cybersecurity	1.2%	0.7%	-1.8%	-1.8%	42.8%	31.0%	6.5%	-1.1%	47.7	2.1%	20.1%	0.5	52.0%
GRID	Smart Grid	5.4%	-1.8%	-7.9%	-7.9%	7.1%	7.6%	24.3%	-7.2%	44.7	-5.1%	3.8%	0.9	99.6%
AIQ	AI Theme	4.8%	-1.1%	-10.5%	-10.5%	21.1%	12.9%	31.1%	-9.9%	44.3	-6.9%	7.9%	0.9	96.4%
QTUM	Quantum/AI	6.1%	-2.2%	-15.2%	-15.2%	27.9%	21.5%	51.4%	-14.6%	42.5	-8.8%	11.9%	0.9	97.6%
ROBO	Robotics	3.7%	0.3%	-8.3%	-8.3%	9.8%	8.6%	26.1%	-7.6%	45.1	-5.6%	4.2%	0.6	94.8%
NXTG	5G / Digital Infra	3.3%	-0.0%	-4.9%	-4.9%	30.2%	29.3%	52.4%	-4.2%	47.1	-3.7%	17.8%	0.6	94.4%
PNQI	Internet	-0.4%	6.3%	6.8%	6.8%	2.0%	-5.1%	-6.8%	7.5%	56.5	2.8%	-2.3%	0.6	54.0%

10-session return tape

Growth / Tech Leadership Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
XLK	Technology	-1.1%	+0.1%	+2.9%	-0.3%	-1.0%	-1.4%	-0.9%	-1.8%	-2.6%	+5.5%	-1.0%
SMH	Semiconductors	-2.2%	+0.4%	+4.5%	+0.5%	-1.1%	-3.3%	-2.3%	-3.5%	-4.8%	+6.9%	-5.3%
IGV	Software	-1.0%	+0.2%	-1.2%	-3.0%	-2.2%	+1.0%	+3.3%	+1.0%	+0.6%	+1.0%	-0.4%
CLOU	Cloud	-0.4%	+0.7%	-1.7%	-3.0%	-2.8%	+2.4%	+3.3%	+1.9%	+1.9%	+0.4%	+2.6%
BUG	Cybersecurity	+0.4%	-1.2%	-2.8%	-2.5%	-2.6%	+1.5%	+0.6%	-1.4%	-1.1%	+1.2%	-7.9%
GRID	Smart Grid	+0.1%	-0.4%	+1.7%	+0.2%	-0.4%	-1.3%	-0.5%	-2.2%	-2.9%	+5.4%	-0.6%
AIQ	AI Theme	-1.0%	+0.7%	+3.1%	-1.4%	-1.3%	-2.3%	+0.6%	-1.8%	-2.2%	+4.8%	-1.0%
QTUM	Quantum/AI	-0.8%	-0.4%	+2.8%	-0.3%	-0.9%	-2.7%	+0.9%	-2.8%	-3.4%	+6.1%	-1.8%
ROBO	Robotics	-1.9%	-0.7%	+2.7%	0.0%	-1.4%	-0.6%	+1.0%	-1.4%	-2.2%	+3.7%	-1.0%
NXTG	5G / Digital Infra	-0.2%	-0.5%	+2.3%	+0.8%	-1.5%	-0.6%	+0.4%	-1.2%	-1.9%	+3.3%	+0.9%
PNQI	Internet	-1.4%	+0.4%	-0.8%	-2.1%	-3.0%	+1.2%	+2.8%	+2.3%	+0.2%	-0.4%	-0.9%

Sleeve return heat table

Thematic / Speculative Growth

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
PINK	Health Innovators	0.0%	2.2%	1.0%	1.0%	13.1%	10.2%	33.8%	1.7%	59.4	3.4%	9.7%	0.4	42.9%
ARKK	Speculative Tech	3.3%	-1.3%	-9.8%	-9.8%	9.9%	-2.6%	-3.6%	-9.2%	41.7	-6.0%	-5.8%	1.0	58.7%
UFO	Space	2.2%	0.2%	-13.5%	-13.5%	4.2%	-3.4%	46.8%	-12.9%	38.9	-14.5%	-3.2%	0.5	40.1%
PEJ	Leisure	-1.2%	3.9%	0.7%	0.7%	13.4%	11.8%	15.5%	1.4%	58.1	3.6%	9.9%	0.5	77.4%

10-session return tape

Thematic / Speculative Growth Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
PINK	Health Innovators	-0.1%	-1.8%	+1.5%	-1.3%	+1.1%	-0.2%	+0.6%	+1.9%	-0.1%	0.0%	+1.5%
ARKK	Speculative Tech	-1.9%	-0.3%	+3.7%	-2.1%	-2.9%	-2.6%	+0.9%	-0.1%	-2.6%	+3.3%	-4.9%
UFO	Space	-0.1%	-1.4%	+2.2%	-0.6%	-0.1%	-1.7%	+2.2%	-0.1%	-2.2%	+2.2%	+0.3%
PEJ	Leisure	-0.8%	+0.1%	-0.2%	-0.5%	-1.1%	+0.8%	+2.5%	+1.7%	+0.1%	-1.2%	+1.2%

Sleeve return heat table

Cyclical Sectors

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
XLY	Consumer Discretionary	0.7%	3.3%	-4.2%	-4.2%	-4.0%	-6.9%	1.5%	-3.5%	44.2	-3.1%	-3.7%	0.9	27.0%
XLC	Communication Services	-2.7%	1.1%	-0.5%	-0.5%	-7.8%	-10.7%	1.4%	0.2%	40.8	-3.8%	-6.4%	1.3	100.0%
XLE	Energy	0.5%	-0.7%	11.0%	11.0%	14.5%	17.1%	38.7%	11.8%	61.0	4.3%	13.5%	0.8	49.6%
XLF	Financials	0.6%	2.1%	6.3%	6.3%	7.9%	7.6%	9.8%	7.1%	63.0	5.6%	8.6%	0.9	69.4%
XLI	Industrials	1.0%	-2.0%	-3.7%	-3.7%	6.5%	8.4%	18.9%	-3.0%	46.3	0.2%	7.2%	1.1	72.6%
XLB	Materials	-0.2%	2.7%	1.6%	1.6%	3.1%	5.7%	18.4%	2.3%	54.6	1.3%	6.3%	0.9	75.8%
XHB	Homebuilders	-0.2%	-2.0%	-9.6%	-9.6%	-9.0%	-3.1%	2.3%	-8.9%	41.4	-2.4%	-1.9%	1.5	77.4%

10-session return tape

Cyclical Sectors Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
XLY	Consumer Discretionary	-1.6%	-0.7%	+0.2%	-0.7%	-4.6%	+0.6%	+1.3%	+1.5%	-0.8%	+0.7%	-4.2%
XLC	Communication Services	-1.8%	+0.1%	-0.7%	-0.8%	-3.5%	+0.9%	+1.3%	+1.9%	-0.1%	-2.7%	-5.4%
XLE	Energy	+1.2%	+0.5%	+1.0%	+1.2%	+0.3%	+0.4%	-2.1%	-1.4%	+1.9%	+0.5%	+3.4%
XLF	Financials	-0.9%	-0.4%	+0.1%	-0.1%	-0.4%	+0.9%	+1.0%	+1.3%	-1.6%	+0.6%	+0.4%
XLI	Industrials	-0.4%	-0.7%	+0.3%	+0.1%	+1.7%	+0.4%	+0.3%	-0.4%	-3.2%	+1.0%	-1.0%
XLB	Materials	-0.7%	-1.0%	+0.1%	+1.4%	-1.0%	+1.9%	+0.3%	+1.8%	-1.1%	-0.2%	+1.5%
XHB	Homebuilders	-2.3%	-2.0%	-0.1%	+0.9%	-0.2%	+1.6%	+0.7%	+0.4%	-4.5%	-0.2%	-5.7%

Sleeve return heat table

Defensive Sectors

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
XLP	Consumer Staples	-2.2%	2.7%	2.9%	2.9%	-0.4%	3.6%	9.2%	3.6%	53.4	1.7%	5.0%	1.4	98.0%
XLV	Health Care	-1.6%	1.3%	3.1%	3.1%	6.5%	6.6%	24.0%	3.8%	57.6	5.0%	8.1%	1.2	96.4%
XLU	Utilities	-0.6%	-3.3%	-1.5%	-1.5%	5.0%	4.6%	7.7%	-0.8%	43.4	-0.5%	0.6%	1.3	84.9%
XLRE	Real Estate	-1.4%	0.8%	2.9%	2.9%	11.6%	11.0%	11.2%	3.6%	53.5	1.8%	7.7%	1.4	97.6%

10-session return tape

Defensive Sectors Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
XLP	Consumer Staples	-0.7%	-0.4%	-0.9%	+0.4%	-1.4%	+1.1%	+1.5%	+2.0%	+0.3%	-2.2%	-0.4%
XLV	Health Care	-0.4%	-1.1%	+0.6%	-0.5%	+1.3%	+0.7%	+0.5%	+2.4%	-0.6%	-1.6%	+1.1%
XLU	Utilities	-0.7%	-0.5%	0.0%	+2.2%	+0.6%	+0.2%	-1.3%	-0.4%	-1.3%	-0.6%	-1.8%
XLRE	Real Estate	-0.1%	-0.4%	-0.1%	-0.4%	-0.1%	+2.2%	-0.4%	+0.5%	-0.1%	-1.4%	-0.4%

Sleeve return heat table

Industries / Infrastructure / Housing

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
XTL	Telecom	2.8%	-2.4%	-9.9%	-9.9%	28.4%	24.7%	72.9%	-9.3%	40.6	-7.5%	10.5%	1.1	68.3%
SOCL	Social Media	0.1%	4.0%	5.4%	5.4%	-9.5%	-17.2%	-13.4%	6.1%	54.2	1.5%	-7.9%	1.4	22.2%
HERO	Video Games	1.3%	11.3%	9.2%	9.2%	0.2%	-8.0%	-11.7%	9.9%	71.9	7.9%	-2.5%	1.8	77.0%
XES	Oil Services	3.1%	-5.1%	-3.8%	-3.8%	9.0%	9.6%	61.1%	-3.1%	41.8	-7.3%	4.4%	0.5	73.0%
XOP	Oil E&P	1.6%	-0.4%	13.4%	13.4%	24.7%	25.8%	38.0%	14.1%	61.8	6.6%	16.4%	0.5	69.4%
OIH	Oil Services	2.1%	-1.9%	1.0%	1.0%	6.9%	7.9%	54.0%	1.7%	45.3	-5.7%	4.6%	0.6	36.9%
CRAK	Refiners	2.9%	0.2%	21.1%	21.1%	29.3%	33.2%	67.7%	22.0%	70.3	12.5%	25.1%	1.5	93.7%
FCG	Natural Gas Equities	0.4%	-1.7%	8.2%	8.2%	13.5%	13.0%	22.6%	9.0%	56.8	2.3%	7.9%	1.1	38.5%
COAL	Coal	1.1%	-3.7%	0.6%	0.6%	-8.8%	-10.5%	21.9%	1.3%	44.7	-5.6%	-5.8%	0.2	40.9%
NUKZ	Nuclear	5.0%	-1.9%	-6.4%	-6.4%	-4.5%	-8.1%	6.3%	-5.7%	45.3	-5.5%	-7.0%	1.5	94.4%
JETS	Airlines	2.3%	8.0%	-4.6%	-4.6%	7.5%	13.3%	32.8%	-4.0%	55.2	4.6%	14.8%	0.5	55.2%
PAVE	Infrastructure	2.0%	-2.5%	-4.8%	-4.8%	6.4%	10.7%	22.8%	-4.1%	45.9	-1.4%	6.8%	0.6	81.3%
ITA	Aerospace & Defense	0.8%	-0.0%	-1.8%	-1.8%	5.4%	2.6%	20.5%	-1.1%	51.6	1.4%	5.7%	1.5	73.0%
XTN	Transportation	-0.6%	-3.5%	-5.4%	-5.4%	6.3%	14.2%	32.8%	-4.8%	35.3	-3.3%	10.2%	0.9	70.2%
CARZ	Autos	5.8%	-1.6%	-13.6%	-13.6%	24.3%	21.1%	60.8%	-13.0%	43.6	-8.5%	12.3%	0.3	97.6%
ITB	Home Construction	-1.1%	1.0%	-8.6%	-8.6%	-11.4%	-6.1%	-2.1%	-8.0%	45.5	-1.1%	-3.3%	0.6	72.6%

10-session return tape

Industries / Infrastructure / Housing Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
XTL	Telecom	+0.4%	+0.2%	+2.8%	-0.9%	-1.5%	-1.1%	+0.4%	-0.8%	-3.6%	+2.8%	-1.3%
SOCL	Social Media	-1.9%	+1.2%	-0.1%	-3.3%	-0.8%	-0.6%	+3.4%	+1.1%	0.0%	+0.1%	-1.0%
HERO	Video Games	-0.4%	+0.2%	+0.1%	-1.6%	-1.6%	+0.7%	+3.5%	+2.1%	+3.3%	+1.3%	+7.8%
XES	Oil Services	+0.7%	-0.9%	+3.0%	+1.0%	-1.8%	-0.6%	-2.6%	-3.7%	-1.3%	+3.1%	-3.3%
XOP	Oil E&P	+2.2%	-0.1%	+2.2%	+1.6%	-0.5%	-0.9%	-2.9%	-1.6%	+3.4%	+1.6%	+5.1%
OIH	Oil Services	+0.5%	-1.0%	+2.2%	+1.3%	-1.4%	+2.3%	-1.5%	-3.7%	-0.9%	+2.1%	-0.3%
CRAK	Refiners	+1.2%	+1.0%	+1.6%	-0.2%	+0.3%	-1.0%	-2.6%	-0.7%	+1.7%	+2.9%	+4.1%
FCG	Natural Gas Equities	+1.9%	-0.2%	+1.9%	+2.7%	0.0%	-0.5%	-4.0%	-1.3%	+3.8%	+0.4%	+4.7%
COAL	Coal	+0.1%	+1.6%	+0.4%	+1.6%	+0.8%	-1.3%	-1.7%	-2.0%	+0.1%	+1.1%	+0.7%
NUKZ	Nuclear	-0.5%	-0.2%	+3.1%	+0.8%	+0.5%	-1.3%	+0.2%	-2.5%	-3.1%	+5.0%	+1.7%
JETS	Airlines	-2.5%	+0.4%	-0.2%	-1.3%	-2.6%	+2.7%	+2.9%	+2.9%	-2.8%	+2.3%	+1.4%
PAVE	Infrastructure	-0.8%	-1.1%	+0.9%	+0.7%	+1.6%	+0.3%	-0.4%	-0.7%	-3.7%	+2.0%	-1.2%
ITA	Aerospace & Defense	-0.1%	-0.6%	+0.2%	+0.6%	+3.1%	+0.8%	+1.6%	+0.4%	-3.6%	+0.8%	+3.1%
XTN	Transportation	-1.3%	-0.6%	+0.8%	-1.0%	-1.6%	+0.2%	-0.6%	0.0%	-2.7%	-0.6%	-7.1%
CARZ	Autos	-1.1%	0.0%	+3.4%	0.0%	-2.4%	-2.6%	-0.4%	-1.5%	-2.7%	+5.8%	-1.7%
ITB	Home Construction	-2.9%	-2.0%	-0.5%	+0.5%	-0.9%	+2.7%	+0.9%	+2.4%	-3.7%	-1.1%	-4.7%

Sleeve return heat table

Financial / Health Care Industries

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
KRE	Regional Banks	-0.4%	1.0%	1.4%	1.4%	6.2%	11.6%	27.9%	2.1%	55.5	4.1%	12.9%	0.6	13.5%
IAK	Insurance	-2.3%	1.7%	5.0%	5.0%	9.9%	13.0%	19.8%	5.7%	56.5	6.0%	11.4%	1.2	98.4%
PSP	Private Equity	1.4%	4.0%	7.6%	7.6%	-2.3%	-9.4%	-9.8%	8.3%	62.3	3.7%	-1.5%	0.2	61.1%
IYG	Financial Services	1.1%	1.7%	5.5%	5.5%	6.7%	6.4%	10.0%	6.2%	60.0	4.8%	7.9%	0.3	66.3%
IAI	Broker Dealers	1.4%	-0.2%	6.6%	6.6%	8.2%	2.0%	7.2%	7.3%	50.5	1.6%	5.8%	0.4	50.4%
XBI	Biotech	2.4%	-0.5%	-4.3%	-4.3%	25.6%	21.5%	76.4%	-3.6%	50.9	4.5%	17.8%	0.7	85.7%
IBB	Biotech Large Cap	0.8%	0.5%	-0.1%	-0.1%	11.8%	10.3%	42.4%	0.6%	56.0	5.2%	10.9%	1.1	77.8%
IHF	Health Providers	-0.5%	1.1%	2.6%	2.6%	27.5%	25.1%	34.0%	3.3%	55.3	4.7%	16.3%	1.8	75.8%
IHI	Medical Devices	-1.1%	6.7%	6.7%	6.7%	-8.8%	-12.0%	-13.7%	7.5%	59.3	5.0%	-6.3%	0.8	77.4%
IHE	Pharma	-1.0%	0.5%	3.5%	3.5%	16.8%	18.9%	55.0%	4.2%	59.8	6.3%	17.3%	0.8	71.4%

10-session return tape

Financial / Health Care Industries Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
KRE	Regional Banks	-1.6%	-1.0%	+0.1%	-0.5%	-0.6%	+0.8%	-0.3%	+1.7%	-0.8%	-0.4%	-2.6%
IAK	Insurance	+2.2%	+0.2%	-0.5%	-1.0%	+0.6%	+2.1%	+0.6%	+2.0%	-0.6%	-2.3%	+3.2%
PSP	Private Equity	-0.4%	-1.7%	+0.7%	-0.3%	-0.2%	+1.5%	+0.8%	+1.2%	-1.0%	+1.4%	+2.0%
IYG	Financial Services	-1.3%	-0.5%	+0.3%	+0.1%	-0.6%	+0.7%	+0.9%	+1.0%	-1.9%	+1.1%	-0.3%
IAI	Broker Dealers	-2.0%	-0.3%	+0.5%	+0.6%	-1.3%	-0.2%	+0.9%	+0.1%	-2.4%	+1.4%	-2.8%
XBI	Biotech	+1.5%	-2.2%	+2.4%	-1.5%	+0.1%	-1.1%	+0.1%	-0.5%	-1.2%	+2.4%	-0.4%
IBB	Biotech Large Cap	+0.1%	-1.7%	+1.5%	-1.2%	+1.1%	-0.4%	+0.1%	+1.2%	-1.0%	+0.8%	+0.2%
IHF	Health Providers	+0.4%	-0.3%	+1.6%	-1.5%	-0.7%	+0.7%	+0.4%	+2.5%	-1.8%	-0.5%	+0.6%
IHI	Medical Devices	-3.2%	+0.1%	-1.2%	-1.1%	+0.1%	+1.6%	+2.3%	+2.6%	+1.2%	-1.1%	+1.0%
IHE	Pharma	+0.8%	-2.1%	+2.1%	-0.3%	+1.3%	+0.4%	+0.5%	+1.0%	-0.4%	-1.0%	+2.3%

Sleeve return heat table

Rates / Credit

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
STIP	Short TIPS	0.0%	0.2%	0.2%	0.2%	1.4%	1.3%	3.4%	0.9%	56.3	0.1%	1.0%	0.8	20.6%
SHY	1-3Y Treasury	0.0%	0.3%	0.2%	0.2%	0.4%	0.6%	3.0%	0.9%	58.5	0.2%	0.6%	1.1	30.2%
TIP	TIPS	-0.0%	0.2%	-0.6%	-0.6%	0.0%	0.1%	2.4%	0.1%	44.6	-0.4%	-0.2%	1.3	26.2%
IEF	7-10Y Treasury	0.0%	0.4%	-1.1%	-1.1%	-1.4%	-0.9%	2.1%	-0.4%	44.3	-0.5%	-1.1%	0.8	15.1%
TLT	20Y Treasury	-0.1%	-0.4%	-3.8%	-3.8%	-3.6%	-2.8%	-0.3%	-3.2%	35.2	-2.3%	-3.6%	1.7	14.3%
AGG	Aggregate Bonds	0.1%	0.3%	-1.0%	-1.0%	-1.2%	-0.9%	2.7%	-0.4%	42.5	-0.7%	-0.8%	1.0	12.7%
CWB	Convertibles	3.2%	-1.6%	-5.8%	-5.8%	11.8%	9.3%	21.4%	-5.1%	44.0	-3.8%	5.3%	0.8	97.6%
EMLC	EM Local Debt	0.8%	1.4%	0.4%	0.4%	-0.5%	-0.5%	8.5%	1.1%	55.6	0.5%	1.2%	1.7	86.5%
EMB	EM USD Debt	0.2%	0.3%	-1.3%	-1.3%	0.0%	0.3%	7.0%	-0.6%	41.4	-0.9%	0.3%	1.1	20.2%
HYG	High Yield	0.3%	0.3%	-0.2%	-0.2%	1.2%	0.9%	4.9%	0.5%	49.2	-0.0%	1.1%	1.0	67.9%
LQD	IG Credit	0.2%	0.1%	-2.1%	-2.1%	-1.9%	-1.6%	2.0%	-1.4%	37.9	-1.3%	-1.5%	1.0	29.0%
BKLN	Bank Loans	0.0%	0.0%	0.0%	0.0%	1.0%	0.3%	2.9%	0.7%	52.5	-0.0%	0.3%	0.8	41.3%
MBB	MBS	0.1%	0.4%	-0.9%	-0.9%	-0.6%	-0.4%	4.5%	-0.3%	44.7	-0.5%	-0.3%	0.9	33.3%
PFF	Preferreds	1.1%	1.0%	0.3%	0.3%	-0.4%	-1.5%	3.1%	1.0%	49.8	-0.7%	-0.3%	1.1	95.2%

10-session return tape

Rates / Credit Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
STIP	Short TIPS	+0.1%	0.0%	0.0%	0.0%	-0.1%	0.0%	-0.1%	+0.1%	+0.2%	0.0%	+0.1%
SHY	1-3Y Treasury	0.0%	0.0%	-0.1%	-0.1%	-0.1%	+0.1%	0.0%	+0.1%	+0.1%	0.0%	0.0%
TIP	TIPS	+0.3%	-0.2%	-0.2%	-0.1%	-0.3%	0.0%	-0.1%	+0.3%	+0.1%	0.0%	-0.2%
IEF	7-10Y Treasury	+0.1%	-0.3%	-0.2%	-0.2%	-0.3%	+0.2%	+0.3%	+0.3%	-0.4%	0.0%	-0.5%
TLT	20Y Treasury	+0.4%	-0.7%	-0.3%	-0.3%	-0.3%	+0.1%	+0.6%	+0.6%	-1.7%	-0.1%	-1.7%
AGG	Aggregate Bonds	+0.1%	-0.3%	-0.2%	-0.2%	-0.2%	+0.1%	+0.2%	+0.2%	-0.4%	+0.1%	-0.5%
CWB	Convertibles	0.0%	+0.3%	+1.8%	+0.3%	-0.8%	-1.6%	-0.1%	-1.0%	-1.9%	+3.2%	0.0%
EMLC	EM Local Debt	-0.4%	0.0%	0.0%	-0.1%	-0.8%	+0.2%	+0.3%	+0.3%	-0.2%	+0.8%	+0.2%
EMB	EM USD Debt	-0.1%	-0.2%	0.0%	-0.3%	-0.6%	+0.1%	+0.3%	+0.2%	-0.7%	+0.2%	-0.8%
HYG	High Yield	-0.2%	0.0%	0.0%	-0.2%	-0.4%	0.0%	+0.1%	+0.2%	-0.2%	+0.3%	-0.4%
LQD	IG Credit	+0.1%	-0.4%	-0.3%	-0.2%	-0.4%	0.0%	+0.3%	+0.3%	-0.6%	+0.2%	-1.0%
BKLN	Bank Loans	0.0%	+0.1%	0.0%	0.0%	0.0%	+0.1%	0.0%	0.0%	-0.1%	0.0%	+0.1%
MBB	MBS	0.0%	-0.2%	-0.2%	-0.3%	-0.3%	+0.2%	+0.3%	+0.3%	-0.5%	+0.1%	-0.5%
PFF	Preferreds	-0.1%	-0.1%	0.0%	+0.4%	-1.0%	+0.1%	+0.4%	+0.3%	-0.9%	+1.1%	+0.2%

Sleeve return heat table

Metals / Miners

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
XME	Metals & Mining	4.4%	-1.3%	-4.7%	-4.7%	-11.8%	-14.1%	38.8%	-4.1%	45.0	-8.4%	-7.6%	1.3	79.4%
COPX	Copper Miners	4.4%	1.4%	3.3%	3.3%	-2.2%	-6.3%	89.6%	4.0%	53.2	-1.4%	3.6%	1.2	77.4%
HAP	Hard Assets	1.9%	0.8%	4.6%	4.6%	5.8%	6.7%	39.7%	5.3%	61.3	2.0%	7.3%	0.3	85.3%
WOOD	Timber	1.4%	5.2%	8.8%	8.8%	-5.2%	-2.6%	0.7%	9.6%	67.2	7.0%	2.7%	1.0	76.2%
GDX	Gold Miners	4.4%	2.3%	1.8%	1.8%	-16.9%	-18.5%	49.4%	2.5%	51.5	-2.8%	-12.1%	1.1	64.3%
GDXJ	Junior Gold Miners	4.3%	1.5%	94.5%	93.0%	114.7%	93.0%	93.0%	56.2%	75.3	63.5%	104.2%	1.1	84.5%
SIL	Silver Miners	4.5%	1.2%	-1.6%	-1.6%	-17.0%	-19.1%	60.9%	-1.0%	48.8	-5.3%	-11.6%	0.8	61.1%
SILJ	Junior Silver Miners	5.1%	0.5%	-3.7%	-3.7%	-18.4%	-21.5%	73.2%	-3.1%	47.4	-6.6%	-13.2%	1.0	56.7%
URNM	Uranium Miners	4.9%	-3.1%	-6.0%	-6.0%	-24.8%	-33.5%	10.2%	-5.3%	43.8	-9.0%	-18.8%	0.9	64.3%

10-session return tape

Metals / Miners Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
XME	Metals & Mining	-0.6%	-0.6%	+3.9%	+1.9%	-0.3%	-1.4%	+1.3%	-1.6%	-3.8%	+4.4%	+2.9%
COPX	Copper Miners	-1.8%	+0.7%	+5.9%	+2.2%	-2.0%	-0.8%	+0.2%	-1.8%	-0.5%	+4.4%	+6.5%
HAP	Hard Assets	+0.5%	-0.5%	+1.7%	+1.5%	-0.4%	+0.1%	-0.6%	-0.6%	0.0%	+1.9%	+3.8%
WOOD	Timber	+0.3%	-1.1%	+0.3%	+1.9%	-2.0%	+1.2%	+1.0%	+2.0%	-0.6%	+1.4%	+4.5%
GDX	Gold Miners	-0.1%	-0.8%	+4.9%	+3.4%	-2.2%	+0.3%	+0.7%	-2.0%	-0.9%	+4.4%	+7.5%
GDXJ	Junior Gold Miners	-0.5%	-0.6%	+5.9%	+3.6%	-2.9%	+0.2%	+1.2%	-2.2%	-1.9%	+4.3%	+6.9%
SIL	Silver Miners	-0.2%	-0.5%	+5.8%	+2.5%	-2.7%	+0.2%	+0.5%	-2.4%	-1.4%	+4.5%	+6.0%
SILJ	Junior Silver Miners	-0.1%	-0.3%	+5.6%	+3.0%	-3.8%	-0.2%	+0.6%	-3.1%	-1.7%	+5.1%	+4.7%
URNM	Uranium Miners	-1.1%	+0.1%	+4.0%	+1.8%	-0.1%	-3.2%	+1.2%	-3.3%	-2.5%	+4.9%	+1.4%

Sleeve return heat table

International Equity

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
EWA	Australia	2.4%	4.7%	5.9%	5.9%	8.6%	9.0%	17.6%	6.6%	66.9	4.7%	8.3%	1.0	91.3%
EWZ	Brazil	3.0%	1.0%	5.9%	5.9%	-0.1%	-0.4%	42.0%	6.6%	58.8	4.2%	4.8%	1.0	86.1%
FXI	China Large Cap	1.1%	6.0%	15.6%	15.6%	-3.7%	-7.1%	-1.6%	16.4%	72.4	6.8%	-1.2%	0.8	36.1%
EEM	Emerging Markets	4.1%	-1.6%	-7.0%	-7.0%	9.2%	8.2%	32.8%	-6.4%	45.4	-4.3%	6.3%	1.4	95.6%
EZU	Eurozone	2.9%	3.0%	0.2%	0.2%	7.2%	6.4%	21.7%	0.9%	58.1	2.3%	7.9%	1.0	94.4%
INDA	India	1.1%	4.3%	0.6%	0.6%	-6.1%	-3.9%	-5.7%	1.3%	58.1	2.1%	-2.6%	1.3	75.0%
DXJ	Japan Hedged	0.9%	-0.3%	0.8%	0.8%	10.8%	14.5%	47.7%	1.5%	50.8	1.0%	11.3%	0.5	78.6%
EWU	United Kingdom	1.6%	4.2%	5.5%	5.5%	7.5%	7.0%	25.7%	6.2%	69.0	4.8%	8.7%	0.7	83.7%

10-session return tape

International Equity Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/17	7/20	7/21	7/22	7/23	7/24	7/27	7/28	7/29	Latest7/30	CUM
EWA	Australia	+0.4%	-0.8%	+0.6%	+0.6%	-1.3%	+0.8%	+0.6%	+1.5%	-0.7%	+2.4%	+4.2%
EWZ	Brazil	-0.3%	+0.7%	+0.4%	+2.8%	-1.2%	-1.2%	+0.4%	+0.5%	-1.6%	+3.0%	+3.4%
FXI	China Large Cap	-1.2%	+2.7%	-1.2%	-0.6%	+0.1%	+0.3%	+2.0%	+1.0%	+1.3%	+1.1%	+5.8%
EEM	Emerging Markets	-1.4%	+0.4%	+2.8%	-0.5%	-0.6%	-2.0%	+0.5%	-2.0%	-2.1%	+4.1%	-0.9%
EZU	Eurozone	-0.4%	-0.7%	+1.6%	+0.4%	-1.8%	+0.5%	+0.5%	-0.1%	-0.7%	+2.9%	+2.1%
INDA	India	+0.5%	-0.7%	+0.5%	-1.1%	-1.2%	+0.8%	+1.8%	+1.0%	-0.4%	+1.1%	+2.1%
DXJ	Japan Hedged	-2.0%	+0.1%	+2.6%	0.0%	-0.6%	+0.9%	+0.3%	-1.6%	-0.7%	+0.9%	-0.3%
EWU	United Kingdom	-0.1%	-1.2%	+0.8%	+1.0%	-1.1%	+1.1%	+0.3%	+0.9%	+0.2%	+1.6%	+3.6%

Sleeve return heat table

Commodities / Crypto / USD

Use this as the first tape read: where return momentum, RSI, and moving-average confirmation are aligned or diverging.

Ticker	Name	1D	5D	21D	1M	120D	6M	1Y	RS 1M	RSI	50D Gap	200D Gap	Vol x20D	Range Pctl
DBA	Agriculture	-0.0%	-2.7%	3.0%	3.0%	6.6%	7.1%	9.7%	3.7%	48.0	0.9%	3.8%	1.5	48.8%
DBB	Base Metals	1.3%	1.4%	3.9%	3.9%	7.7%	4.3%	32.9%	4.6%	57.1	0.0%	6.1%	1.4	66.7%
BTC-USD	Bitcoin	1.2%	0.6%	2.4%	10.5%	-5.0%	-23.1%	-45.1%	11.2%	52.3	2.0%	-9.7%	1.1	29.0%
DBC	Commodities	-0.3%	-3.3%	10.0%	10.0%	23.4%	20.0%	33.9%	10.7%	55.6	2.2%	12.5%	0.6	7.9%
GSG	Commodities	-0.6%	-3.6%	11.7%	11.7%	29.4%	25.4%	38.6%	12.5%	56.4	3.1%	15.1%	0.9	13.9%
USO	Oil	-1.4%	-8.6%	19.8%	19.8%	66.2%	60.3%	57.3%	20.6%	54.2	3.0%	27.6%	0.5	25.4%
GLD	Gold	1.6%	1.5%	2.4%	2.4%	-14.6%	-15.2%	25.3%	3.1%	50.3	-2.3%	-8.4%	0.9	56.3%
SLV	Silver	3.3%	2.8%	0.1%	0.1%	-19.8%	-29.1%	59.7%	0.7%	47.3	-8.2%	-15.8%	1.0	48.4%
URA	Uranium	5.9%	-3.4%	-9.1%	-9.1%	-19.1%	-27.8%	3.8%	-8.5%	42.7	-10.9%	-18.5%	1.0	78.2%
PLTM	Platinum	3.0%	3.8%	6.4%	6.4%	-17.4%	-22.7%	26.0%	7.1%	51.2	-3.5%	-13.6%	1.1	60.7%
PALL	Palladium	4.2%	4.7%	8.0%	8.0%	-20.5%	-22.5%	10.0%	8.8%	55.6	2.4%	-13.0%	1.4	71.8%
CPER	Copper	2.6%	2.9%	4.3%	4.3%	11.6%	8.0%	39.3%	5.0%	57.8	2.4%	10.5%	1.0	77.8%
UUP	US Dollar	-1.0%	-1.5%	-1.0%	-1.0%	3.9%	4.8%	4.5%	-0.3%	40.1	-0.2%	2.4%	2.2	97.2%

10-session return tape

Commodities / Crypto / USD Daily Return Map

Latest 2026-07-30

Each row has its own red/green color scale: the darkest daily cell is that ETF's largest absolute move over the displayed 10 trading sessions. CUM compounds the visible daily returns.

Ticker	Name	7/21	7/22	7/23	7/24	7/25	7/26	7/27	7/28	7/29	Latest7/30	CUM
DBA	Agriculture	+0.5%	+0.3%	0.0%	0.0%	n/a	n/a	-2.2%	+0.8%	-1.3%	0.0%	-1.9%
DBB	Base Metals	+1.6%	0.0%	-0.9%	0.0%	n/a	n/a	+0.6%	-1.0%	+0.5%	+1.3%	+2.1%
BTC-USD	Bitcoin	+2.0%	-0.6%	-1.6%	-1.5%	+0.3%	+1.6%	-2.5%	+0.2%	+0.1%	+1.2%	-0.8%
DBC	Commodities	+1.5%	+1.0%	+1.5%	-0.7%	n/a	n/a	-3.6%	-1.4%	+2.9%	-0.3%	+0.6%
GSG	Commodities	+1.7%	+0.9%	+2.1%	-1.1%	n/a	n/a	-3.9%	-1.3%	+3.3%	-0.6%	+1.0%
USO	Oil	+2.7%	+2.2%	+5.9%	-2.0%	n/a	n/a	-8.7%	-3.4%	+7.3%	-1.4%	+1.6%
GLD	Gold	+2.0%	+1.1%	-2.0%	+0.1%	n/a	n/a	+0.7%	-1.4%	+0.5%	+1.6%	+2.6%
SLV	Silver	+4.1%	+1.6%	-3.4%	+1.0%	n/a	n/a	+0.6%	-2.3%	+0.1%	+3.3%	+4.9%
URA	Uranium	+4.1%	+1.8%	+0.4%	-3.0%	n/a	n/a	+1.1%	-3.4%	-3.7%	+5.9%	+2.7%
PLTM	Platinum	+2.7%	+0.4%	-2.9%	-0.1%	n/a	n/a	+2.1%	-1.5%	+0.3%	+3.0%	+3.9%
PALL	Palladium	+2.1%	+1.0%	-3.1%	-1.0%	n/a	n/a	+3.8%	-2.2%	-0.1%	+4.2%	+4.6%
CPER	Copper	+2.9%	-0.7%	-2.6%	+0.3%	n/a	n/a	+1.1%	-1.1%	+0.1%	+2.6%	+2.4%
UUP	US Dollar	+0.3%	-0.1%	+0.4%	+0.1%	n/a	n/a	+0.1%	-0.1%	-0.6%	-1.0%	-0.9%

RSI and run control

RSI / Trend Tables By Sleeve

This helps distinguish early recovery, broad trend support, and extended chase risk before drilling into the candles.

RSI / trend control

Core Index Beta

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
SPY	S&P 500	49.4	n/a	n/a	Neutral	Fading	RS fading	20.6%	-2.1%	0.0%	1.4	87.7%	90.3%	12.4%
QQQ	Nasdaq 100	43.2	39.1	-1.3 pts	Neutral	Fading	Underperforming	24.0%	-8.3%	-6.5%	1.6	96.8%	86.7%	24.2%
IWM	Russell 2000	49.1	49.5	-2.6 pts	Neutral	Above 50/200	Outperforming	37.6%	-2.6%	-1.9%	1.0	40.1%	93.6%	13.5%
OEF	S&P 100	49.6	50.7	+6.0 pts	Neutral	Fading	Underperforming	20.1%	-3.1%	0.6%	1.7	95.2%	90.0%	14.1%
RSP	Equal Weight S&P	57.5	56.7	+0.6 pts	Neutral	Above 50/200	Outperforming	20.6%	-1.1%	1.9%	1.6	74.6%	80.9%	10.2%
XLG	Mega Cap	45.8	40.3	+2.4 pts	Neutral	Fading	Underperforming	14.6%	-6.7%	-1.1%	0.9	97.6%	84.9%	17.4%

RSI / trend control

Style / Market Structure

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
MAGS	Magnificent 7	43.9	40.7	+4.4 pts	Neutral	Below 50/200	Underperforming	15.4%	-9.9%	0.1%	0.7	77.8%	85.2%	25.8%
XMAG	Ex-Mag 7	49.0	49.4	-7.7 pts	Neutral	Above 50/200	Outperforming	21.4%	-2.7%	-2.1%	0.4	74.2%	92.3%	12.6%
VO	Mid Cap	56.7	57.4	-3.1 pts	Neutral	Above 50/200	Outperforming	17.8%	-0.4%	1.2%	0.7	74.2%	77.6%	7.4%
IWF	Growth	43.3	38.4	-1.5 pts	Neutral	Below 50/200	Underperforming	14.4%	-8.7%	-4.8%	0.8	96.8%	95.7%	22.8%
IWD	Value	61.6	61.3	+1.5 pts	Strong	Above 50/200	Outperforming	32.2%	-0.5%	4.1%	0.9	64.7%	89.2%	10.1%
SPXT	Ex-Tech S&P	48.8	49.5	+1.1 pts	Neutral	Above 50/200	RS repairing	15.9%	-1.9%	1.2%	2.2	79.4%	84.5%	11.5%

RSI / trend control

Factors / Risk Appetite

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
SPHB	High Beta	43.6	41.2	-4.9 pts	Neutral	Fading	RS fading	39.5%	-10.8%	-9.5%	1.3	92.1%	93.8%	33.0%
MTUM	Momentum	43.9	42.9	-7.6 pts	Neutral	Fading	RS fading	29.6%	-13.5%	-12.3%	1.1	99.2%	83.4%	39.9%
QUAL	Quality	55.1	61.8	+6.5 pts	Neutral	Above 50/200	Outperforming	21.2%	-0.8%	0.5%	1.3	82.5%	85.8%	10.2%
SPHD	High Dividend Low Vol	54.5	53.4	-4.2 pts	Neutral	Above 50/200	Outperforming	16.0%	-2.1%	4.3%	1.4	100.0%	49.0%	16.5%
SPLV	Low Vol	53.0	52.2	-5.1 pts	Neutral	Above 50/200	RS repairing	10.5%	-2.0%	2.9%	1.3	100.0%	40.3%	15.6%

RSI / trend control

Growth / Tech Leadership

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
XLK	Technology	46.7	45.9	-1.7 pts	Neutral	Fading	RS fading	38.0%	-11.2%	-7.1%	1.6	98.8%	90.8%	34.3%
SMH	Semiconductors	42.3	40.9	-6.9 pts	Neutral	Fading	RS fading	90.4%	-19.4%	-17.3%	1.0	98.0%	71.4%	52.2%
IGV	Software	55.0	55.7	+19.0 pts	Neutral	Repairing	RS repairing	25.0%	-20.8%	3.7%	0.9	32.9%	90.7%	23.7%
CLOU	Cloud	62.4	61.7	+18.5 pts	Strong	Above 50/200	Outperforming	41.2%	-5.8%	10.0%	1.1	46.4%	96.5%	26.9%
BUG	Cybersecurity	47.7	47.9	+0.3 pts	Neutral	Above 50/200	Outperforming	61.0%	-10.7%	-1.1%	0.5	52.0%	94.8%	38.1%
GRID	Smart Grid	44.7	43.4	-1.2 pts	Neutral	Fading	Underperforming	26.8%	-11.2%	-7.2%	0.9	99.6%	86.9%	31.3%
AIQ	AI Theme	44.3	42.7	+1.3 pts	Neutral	Fading	RS fading	35.1%	-16.3%	-9.9%	0.9	96.4%	96.0%	37.1%
QTUM	Quantum/AI	42.5	40.7	+1.7 pts	Neutral	Fading	RS fading	56.7%	-16.7%	-14.6%	0.9	97.6%	89.7%	40.3%
ROBO	Robotics	45.1	43.0	+4.1 pts	Neutral	Fading	Underperforming	27.7%	-13.0%	-7.6%	0.6	94.8%	81.3%	34.4%
NXTG	5G / Digital Infra	47.1	46.1	+0.6 pts	Neutral	Fading	RS fading	54.6%	-12.6%	-4.2%	0.6	94.4%	98.3%	24.3%
PNQI	Internet	56.5	56.1	+14.8 pts	Neutral	Repairing	RS repairing	13.5%	-14.7%	7.5%	0.6	54.0%	98.3%	22.6%

RSI / trend control

Thematic / Speculative Growth

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
PINK	Health Innovators	59.4	57.3	+3.1 pts	Neutral	Above 50/200	Outperforming	40.0%	-1.5%	1.7%	0.4	42.9%	92.8%	16.3%
ARKK	Speculative Tech	41.7	39.0	+0.5 pts	Neutral	Below 50/200	Underperforming	14.8%	-21.2%	-9.2%	1.0	58.7%	93.6%	35.7%
UFO	Space	38.9	37.6	+2.7 pts	Soft	Below 50/200	Underperforming	49.3%	-35.3%	-12.9%	0.5	40.1%	94.4%	27.9%
PEJ	Leisure	58.1	56.8	+8.6 pts	Neutral	Above 50/200	Outperforming	20.8%	-1.2%	1.4%	0.5	77.4%	45.2%	16.8%

RSI / trend control

Cyclical Sectors

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
XLY	Consumer Discretionary	44.2	43.1	+16.6 pts	Neutral	Below 50/200	Underperforming	6.6%	-9.4%	-3.5%	0.9	27.0%	69.7%	22.4%
XLC	Communication Services	40.8	41.9	+7.1 pts	Neutral	Below 50/200	Underperforming	1.7%	-10.7%	0.2%	1.3	100.0%	94.0%	22.3%
XLE	Energy	61.0	58.3	-8.2 pts	Strong	Above 50/200	Outperforming	44.3%	-5.1%	11.8%	0.8	49.6%	86.6%	20.8%
XLF	Financials	63.0	63.7	+1.0 pts	Strong	Above 50/200	Outperforming	19.6%	-1.0%	7.1%	0.9	69.4%	94.2%	14.4%
XLI	Industrials	46.3	46.3	-14.3 pts	Neutral	Above 50/200	Outperforming	21.7%	-3.9%	-3.0%	1.1	72.6%	77.3%	16.7%
XLB	Materials	54.6	54.9	+5.6 pts	Neutral	Above 50/200	RS repairing	23.9%	-2.9%	2.3%	0.9	75.8%	35.3%	19.0%
XHB	Homebuilders	41.4	41.5	-6.9 pts	Neutral	Below 50/200	Underperforming	10.3%	-13.5%	-8.9%	1.5	77.4%	37.2%	26.9%

RSI / trend control

Defensive Sectors

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
XLP	Consumer Staples	53.4	52.8	+3.3 pts	Neutral	Above 50/200	RS repairing	15.4%	-3.8%	3.6%	1.4	98.0%	44.5%	21.5%
XLV	Health Care	57.6	55.9	-2.5 pts	Neutral	Above 50/200	Outperforming	29.0%	-2.2%	3.8%	1.2	96.4%	79.7%	21.4%
XLU	Utilities	43.4	45.6	-13.7 pts	Neutral	Fading	Underperforming	11.1%	-5.2%	-0.8%	1.3	84.9%	34.5%	16.2%
XLRE	Real Estate	53.5	52.4	-3.0 pts	Neutral	Above 50/200	Outperforming	15.3%	-1.5%	3.6%	1.4	97.6%	33.0%	15.9%

RSI / trend control

Industries / Infrastructure / Housing

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
XTL	Telecom	40.6	38.1	-4.3 pts	Neutral	Fading	RS fading	77.3%	-16.9%	-9.3%	1.1	68.3%	93.8%	30.9%
SOCL	Social Media	54.2	54.4	+10.6 pts	Neutral	Repairing	RS repairing	11.4%	-25.9%	6.1%	1.4	22.2%	100.0%	22.4%
HERO	Video Games	71.9	71.8	+30.5 pts	Extended	Repairing	RS repairing	15.2%	-20.2%	9.9%	1.8	77.0%	68.7%	22.2%
XES	Oil Services	41.8	41.3	-10.1 pts	Neutral	Fading	Underperforming	71.3%	-19.1%	-3.1%	0.5	73.0%	88.1%	31.4%
XOP	Oil E&P	61.8	60.7	-7.3 pts	Strong	Above 50/200	Outperforming	46.9%	-6.6%	14.1%	0.5	69.4%	93.6%	29.5%
OIH	Oil Services	45.3	45.1	-5.0 pts	Neutral	Fading	Underperforming	63.7%	-17.2%	1.7%	0.6	36.9%	90.1%	27.1%
CRAK	Refiners	70.3	68.7	-10.6 pts	Extended	Above 50/200	Outperforming	72.6%	0.0%	22.0%	1.5	93.7%	88.7%	22.5%
FCG	Natural Gas Equities	56.8	55.4	-8.1 pts	Neutral	Above 50/200	Outperforming	32.7%	-12.0%	9.0%	1.1	38.5%	98.3%	31.1%
COAL	Coal	44.7	45.5	-9.8 pts	Neutral	Below 50/200	Underperforming	25.0%	-18.6%	1.3%	0.2	40.9%	62.5%	25.9%
NUKZ	Nuclear	45.3	44.3	-3.2 pts	Neutral	Below 50/200	Underperforming	13.5%	-16.3%	-5.7%	1.5	94.4%	99.0%	32.8%
JETS	Airlines	55.2	56.7	+18.4 pts	Neutral	Above 50/200	Outperforming	38.1%	-5.0%	-4.0%	0.5	55.2%	84.1%	32.0%
PAVE	Infrastructure	45.9	45.0	-13.4 pts	Neutral	Fading	RS fading	25.7%	-6.3%	-4.1%	0.6	81.3%	68.4%	21.4%
ITA	Aerospace & Defense	51.6	52.1	-4.8 pts	Neutral	Above 50/200	RS repairing	23.9%	-5.0%	-1.1%	1.5	73.0%	100.0%	25.6%
XTN	Transportation	35.3	34.5	-15.2 pts	Soft	Fading	RS fading	38.9%	-7.1%	-4.8%	0.9	70.2%	48.7%	19.8%
CARZ	Autos	43.6	42.0	+1.2 pts	Neutral	Fading	RS fading	67.0%	-16.9%	-13.0%	0.3	97.6%	100.0%	43.0%
ITB	Home Construction	45.5	45.6	+1.4 pts	Neutral	Below 50/200	Underperforming	10.9%	-18.0%	-8.0%	0.6	72.6%	34.0%	30.9%

RSI / trend control

Financial / Health Care Industries

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
KRE	Regional Banks	55.5	55.2	-1.8 pts	Neutral	Above 50/200	Outperforming	32.9%	-2.6%	2.1%	0.6	13.5%	11.9%	19.8%
IAK	Insurance	56.5	55.0	-1.8 pts	Neutral	Above 50/200	Outperforming	20.5%	-2.9%	5.7%	1.2	98.4%	36.2%	24.9%
PSP	Private Equity	62.3	66.3	+11.2 pts	Strong	Repairing	RS repairing	11.9%	-13.0%	8.3%	0.2	61.1%	100.0%	17.3%
IYG	Financial Services	60.0	62.6	+1.1 pts	Neutral	Above 50/200	Outperforming	19.4%	-0.9%	6.2%	0.3	66.3%	89.4%	16.3%
IAI	Broker Dealers	50.5	51.3	-4.3 pts	Neutral	Above 50/200	RS repairing	18.4%	-4.8%	7.3%	0.4	50.4%	83.1%	23.4%
XBI	Biotech	50.9	51.5	-2.3 pts	Neutral	Above 50/200	Outperforming	78.7%	-7.8%	-3.6%	0.7	85.7%	92.6%	27.6%
IBB	Biotech Large Cap	56.0	56.2	-1.4 pts	Neutral	Above 50/200	Outperforming	45.1%	-4.2%	0.6%	1.1	77.8%	95.0%	20.8%
IHF	Health Providers	55.3	55.0	-1.8 pts	Neutral	Above 50/200	Outperforming	40.6%	-2.3%	3.3%	1.8	75.8%	74.1%	17.2%
IHI	Medical Devices	59.3	57.5	+9.7 pts	Neutral	Repairing	RS repairing	11.1%	-17.9%	7.5%	0.8	77.4%	52.7%	34.0%
IHE	Pharma	59.8	57.7	-4.3 pts	Neutral	Above 50/200	Outperforming	58.6%	-1.4%	4.2%	0.8	71.4%	67.6%	22.3%

RSI / trend control

Rates / Credit

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
STIP	Short TIPS	56.3	51.2	-3.6 pts	Neutral	Above 50/200	RS repairing	3.5%	-0.2%	0.9%	0.8	20.6%	53.2%	1.3%
SHY	1-3Y Treasury	58.5	51.5	-3.2 pts	Neutral	Above 50/200	RS repairing	3.0%	0.0%	0.9%	1.1	30.2%	25.0%	1.3%
TIP	TIPS	44.6	49.3	-2.4 pts	Neutral	Below 50/200	Underperforming	2.6%	-1.2%	0.1%	1.3	26.2%	33.3%	2.6%
IEF	7-10Y Treasury	44.3	48.4	-1.4 pts	Neutral	Below 50/200	Underperforming	2.1%	-3.3%	-0.4%	0.8	15.1%	47.5%	4.1%
TLT	20Y Treasury	35.2	40.6	-4.4 pts	Soft	Below 50/200	Underperforming	0.5%	-7.1%	-3.2%	1.7	14.3%	74.0%	8.5%
AGG	Aggregate Bonds	42.5	48.1	-1.9 pts	Neutral	Below 50/200	Underperforming	2.7%	-2.4%	-0.4%	1.0	12.7%	49.5%	3.6%
CWB	Convertibles	44.0	41.6	-5.5 pts	Neutral	Fading	Underperforming	22.7%	-8.4%	-5.1%	0.8	97.6%	95.7%	20.9%
EMLC	EM Local Debt	55.6	55.3	+6.4 pts	Neutral	Above 50/200	RS repairing	8.6%	-2.0%	1.1%	1.7	86.5%	80.0%	6.6%
EMB	EM USD Debt	41.4	46.1	-1.4 pts	Neutral	Fading	Underperforming	7.0%	-2.0%	-0.6%	1.1	20.2%	91.8%	5.0%
HYG	High Yield	49.2	50.5	-2.6 pts	Neutral	Fading	RS repairing	4.9%	-0.5%	0.5%	1.0	67.9%	81.4%	2.8%
LQD	IG Credit	37.9	45.3	-1.5 pts	Soft	Below 50/200	Underperforming	2.0%	-3.0%	-1.4%	1.0	29.0%	45.1%	4.9%
BKLN	Bank Loans	52.5	50.9	-4.5 pts	Neutral	Fading	RS repairing	3.0%	-0.9%	0.7%	0.8	41.3%	0.0%	1.7%
MBB	MBS	44.7	48.5	-1.1 pts	Neutral	Below 50/200	Underperforming	4.6%	-2.0%	-0.3%	0.9	33.3%	14.1%	4.4%
PFF	Preferreds	49.8	50.8	+4.4 pts	Neutral	Below 50/200	Underperforming	3.8%	-3.2%	1.0%	1.1	95.2%	100.0%	9.2%

RSI / trend control

Metals / Miners

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
XME	Metals & Mining	45.0	44.2	-0.7 pts	Neutral	Below 50/200	Underperforming	41.2%	-23.3%	-4.1%	1.3	79.4%	95.5%	36.5%
COPX	Copper Miners	53.2	53.9	+2.0 pts	Neutral	Fading	Underperforming	90.3%	-16.9%	4.0%	1.2	77.4%	91.4%	48.5%
HAP	Hard Assets	61.3	62.0	-1.4 pts	Strong	Above 50/200	Outperforming	40.6%	-3.7%	5.3%	0.3	85.3%	96.1%	13.8%
WOOD	Timber	67.2	71.1	+12.4 pts	Strong	Above 50/200	RS repairing	12.6%	-11.8%	9.6%	1.0	76.2%	60.0%	18.7%
GDX	Gold Miners	51.5	51.9	+4.0 pts	Neutral	Below 50/200	Underperforming	49.8%	-33.7%	2.5%	1.1	64.3%	98.8%	43.6%
GDXJ	Junior Gold Miners	75.3	75.0	-3.5 pts	Extended	Above 50/200	Outperforming	192.5%	-1.5%	56.2%	1.1	84.5%	97.9%	306.8%
SIL	Silver Miners	48.8	48.7	+2.4 pts	Neutral	Below 50/200	Underperforming	62.9%	-35.4%	-1.0%	0.8	61.1%	95.7%	46.0%
SILJ	Junior Silver Miners	47.4	47.2	+1.7 pts	Neutral	Below 50/200	Underperforming	75.1%	-38.1%	-3.1%	1.0	56.7%	99.6%	51.7%
URNM	Uranium Miners	43.8	43.0	-2.6 pts	Neutral	Below 50/200	Underperforming	15.8%	-41.1%	-5.3%	0.9	64.3%	93.8%	47.9%

RSI / trend control

International Equity

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
EWA	Australia	66.9	73.5	+17.2 pts	Strong	Above 50/200	Outperforming	23.3%	-0.1%	6.6%	1.0	91.3%	100.0%	14.7%
EWZ	Brazil	58.8	62.4	+0.2 pts	Neutral	Above 50/200	RS repairing	43.8%	-11.6%	6.6%	1.0	86.1%	96.5%	23.9%
FXI	China Large Cap	72.4	69.7	+11.1 pts	Extended	Repairing	RS repairing	15.6%	-10.9%	16.4%	0.8	36.1%	91.5%	18.2%
EEM	Emerging Markets	45.4	44.2	-2.2 pts	Neutral	Fading	RS fading	34.5%	-10.7%	-6.4%	1.4	95.6%	96.3%	32.2%
EZU	Eurozone	58.1	63.7	+13.9 pts	Neutral	Above 50/200	Outperforming	24.5%	-0.3%	0.9%	1.0	94.4%	97.6%	17.7%
INDA	India	58.1	59.7	+19.2 pts	Neutral	Repairing	RS repairing	9.4%	-10.1%	1.3%	1.3	75.0%	44.9%	14.6%
DXJ	Japan Hedged	50.8	51.4	-6.7 pts	Neutral	Above 50/200	Outperforming	49.4%	-2.7%	1.5%	0.5	78.6%	85.5%	21.5%
EWU	United Kingdom	69.0	70.8	+13.7 pts	Strong	Above 50/200	Outperforming	26.4%	0.0%	6.2%	0.7	83.7%	94.8%	15.5%

RSI / trend control

Commodities / Crypto / USD

ETF/SPY RSI is the 14-day Wilder RSI of the ETF-to-SPY price ratio. The 5D delta is its change in RSI points over five trading sessions: positive means relative momentum is improving versus SPY.

Ticker	Name	RSI	ETF/SPY RSI	ETF/SPY 5D Delta	RSI State	Trend	RS Trend	Run From 1Y Low	Drawdown From 1Y High	RS 1M	Vol x20D	Range Pctl	Close Loc	20D Vol
DBA	Agriculture	48.0	48.9	-16.4 pts	Neutral	Above 50/200	RS repairing	10.9%	-4.4%	3.7%	1.5	48.8%	9.5%	16.8%
DBB	Base Metals	57.1	57.6	+2.0 pts	Neutral	Above 50/200	RS repairing	34.0%	-6.0%	4.6%	1.4	66.7%	73.7%	12.2%
BTC-USD	Bitcoin	52.3	51.5	-2.5 pts	Neutral	Repairing	Underperforming	10.5%	-33.3%	11.2%	1.1	29.0%	75.9%	25.5%
DBC	Commodities	55.6	54.5	-15.9 pts	Neutral	Above 50/200	Outperforming	40.2%	-7.5%	10.7%	0.6	7.9%	48.3%	24.9%
GSG	Commodities	56.4	55.4	-16.0 pts	Neutral	Above 50/200	Outperforming	44.8%	-8.1%	12.5%	0.9	13.9%	42.1%	28.8%
USO	Oil	54.2	53.9	-17.8 pts	Neutral	Above 50/200	Outperforming	92.7%	-16.7%	20.6%	0.5	25.4%	23.1%	63.2%
GLD	Gold	50.3	50.7	+4.6 pts	Neutral	Below 50/200	Underperforming	25.3%	-23.9%	3.1%	0.9	56.3%	82.9%	22.0%
SLV	Silver	47.3	47.2	+6.0 pts	Neutral	Below 50/200	Underperforming	60.6%	-49.3%	0.7%	1.0	48.4%	96.3%	39.1%
URA	Uranium	42.7	41.5	-1.8 pts	Neutral	Below 50/200	Underperforming	14.2%	-35.7%	-8.5%	1.0	78.2%	93.2%	47.7%
PLTM	Platinum	51.2	51.6	+9.1 pts	Neutral	Below 50/200	Underperforming	27.4%	-40.5%	7.1%	1.1	60.7%	87.5%	32.6%
PALL	Palladium	55.6	56.6	+8.4 pts	Neutral	Repairing	RS repairing	19.5%	-35.9%	8.8%	1.4	71.8%	97.2%	41.2%
CPER	Copper	57.8	59.9	+6.5 pts	Neutral	Above 50/200	Outperforming	44.6%	-3.1%	5.0%	1.0	77.8%	89.3%	22.4%
UUP	US Dollar	40.1	46.9	-11.7 pts	Neutral	Fading	RS repairing	7.3%	-1.6%	-0.3%	2.2	97.2%	8.3%	5.8%

Relative strength tape

ETF/SPY Ratio Candlestick Wall

This replaces the old top-side USD correlation tables with a cleaner visual read of ETF leadership versus SPY. Ratios are ETF price divided by SPY and scaled by 100; the 50D and 200D moving averages are calculated on full ratio history before the rolling 1.5-year chart window is displayed.

ETF/SPY ratio sleeve

Core Index Beta

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

QQQ

Nasdaq 100

QQQ/SPY x100

IWM

Russell 2000

IWM/SPY x100

OEF

S&P 100

OEF/SPY x100

RSP

Equal Weight S&P

RSP/SPY x100

XLG

Mega Cap

XLG/SPY x100

ETF/SPY ratio sleeve

Style / Market Structure

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

MAGS

Magnificent 7

MAGS/SPY x100

XMAG

Ex-Mag 7

XMAG/SPY x100

VO

Mid Cap

VO/SPY x100

IWF

Growth

IWF/SPY x100

IWD

Value

IWD/SPY x100

SPXT

Ex-Tech S&P

SPXT/SPY x100

ETF/SPY ratio sleeve

Factors / Risk Appetite

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

SPHB

High Beta

SPHB/SPY x100

MTUM

Momentum

MTUM/SPY x100

QUAL

Quality

QUAL/SPY x100

SPHD

High Dividend Low Vol

SPHD/SPY x100

SPLV

Low Vol

SPLV/SPY x100

ETF/SPY ratio sleeve

Growth / Tech Leadership

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

XLK

Technology

XLK/SPY x100

SMH

Semiconductors

SMH/SPY x100

IGV

Software

IGV/SPY x100

CLOU

Cloud

CLOU/SPY x100

BUG

Cybersecurity

BUG/SPY x100

GRID

Smart Grid

GRID/SPY x100

AIQ

AI Theme

AIQ/SPY x100

QTUM

Quantum/AI

QTUM/SPY x100

ROBO

Robotics

ROBO/SPY x100

NXTG

5G / Digital Infra

NXTG/SPY x100

PNQI

Internet

PNQI/SPY x100

ETF/SPY ratio sleeve

Thematic / Speculative Growth

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

PINK

Health Innovators

PINK/SPY x100

ARKK

Speculative Tech

ARKK/SPY x100

UFO

Space

UFO/SPY x100

PEJ

Leisure

PEJ/SPY x100

ETF/SPY ratio sleeve

Cyclical Sectors

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

XLY

Consumer Discretionary

XLY/SPY x100

XLC

Communication Services

XLC/SPY x100

XLE

Energy

XLE/SPY x100

XLF

Financials

XLF/SPY x100

XLI

Industrials

XLI/SPY x100

XLB

Materials

XLB/SPY x100

XHB

Homebuilders

XHB/SPY x100

ETF/SPY ratio sleeve

Defensive Sectors

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

XLP

Consumer Staples

XLP/SPY x100

XLV

Health Care

XLV/SPY x100

XLU

Utilities

XLU/SPY x100

XLRE

Real Estate

XLRE/SPY x100

ETF/SPY ratio sleeve

Industries / Infrastructure / Housing

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

XTL

Telecom

XTL/SPY x100

SOCL

Social Media

SOCL/SPY x100

HERO

Video Games

HERO/SPY x100

XES

Oil Services

XES/SPY x100

XOP

Oil E&P

XOP/SPY x100

OIH

Oil Services

OIH/SPY x100

CRAK

Refiners

CRAK/SPY x100

FCG

Natural Gas Equities

FCG/SPY x100

COAL

Coal

COAL/SPY x100

NUKZ

Nuclear

NUKZ/SPY x100

JETS

Airlines

JETS/SPY x100

PAVE

Infrastructure

PAVE/SPY x100

ITA

Aerospace & Defense

ITA/SPY x100

XTN

Transportation

XTN/SPY x100

CARZ

Autos

CARZ/SPY x100

ITB

Home Construction

ITB/SPY x100

ETF/SPY ratio sleeve

Financial / Health Care Industries

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

KRE

Regional Banks

KRE/SPY x100

IAK

Insurance

IAK/SPY x100

PSP

Private Equity

PSP/SPY x100

IYG

Financial Services

IYG/SPY x100

IAI

Broker Dealers

IAI/SPY x100

XBI

Biotech

XBI/SPY x100

IBB

Biotech Large Cap

IBB/SPY x100

IHF

Health Providers

IHF/SPY x100

IHI

Medical Devices

IHI/SPY x100

IHE

Pharma

IHE/SPY x100

ETF/SPY ratio sleeve

Rates / Credit

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

STIP

Short TIPS

STIP/SPY x100

SHY

1-3Y Treasury

SHY/SPY x100

TIP

TIPS

TIP/SPY x100

IEF

7-10Y Treasury

IEF/SPY x100

TLT

20Y Treasury

TLT/SPY x100

AGG

Aggregate Bonds

AGG/SPY x100

CWB

Convertibles

CWB/SPY x100

EMLC

EM Local Debt

EMLC/SPY x100

EMB

EM USD Debt

EMB/SPY x100

HYG

High Yield

HYG/SPY x100

LQD

IG Credit

LQD/SPY x100

BKLN

Bank Loans

BKLN/SPY x100

MBB

MBS

MBB/SPY x100

PFF

Preferreds

PFF/SPY x100

ETF/SPY ratio sleeve

Metals / Miners

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

XME

Metals & Mining

XME/SPY x100

COPX

Copper Miners

COPX/SPY x100

HAP

Hard Assets

HAP/SPY x100

WOOD

Timber

WOOD/SPY x100

GDX

Gold Miners

GDX/SPY x100

GDXJ

Junior Gold Miners

GDXJ/SPY x100

SIL

Silver Miners

SIL/SPY x100

SILJ

Junior Silver Miners

SILJ/SPY x100

URNM

Uranium Miners

URNM/SPY x100

ETF/SPY ratio sleeve

International Equity

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

EWA

Australia

EWA/SPY x100

EWZ

Brazil

EWZ/SPY x100

FXI

China Large Cap

FXI/SPY x100

EEM

Emerging Markets

EEM/SPY x100

EZU

Eurozone

EZU/SPY x100

INDA

India

INDA/SPY x100

DXJ

Japan Hedged

DXJ/SPY x100

EWU

United Kingdom

EWU/SPY x100

ETF/SPY ratio sleeve

Commodities / Crypto / USD

Each chart is a rolling 1.5-year ETF/SPY ratio candlestick with 50D and 200D moving averages. Rising ratios mean the ETF is outperforming SPY; falling ratios mean it is lagging SPY.

DBA

Agriculture

DBA/SPY x100

DBB

Base Metals

DBB/SPY x100

BTC-USD

Bitcoin

BTC-USD/SPY x100

DBC

Commodities

DBC/SPY x100

GSG

Commodities

GSG/SPY x100

USO

Oil

USO/SPY x100

GLD

Gold

GLD/SPY x100

SLV

Silver

SLV/SPY x100

URA

Uranium

URA/SPY x100

PLTM

Platinum

PLTM/SPY x100

PALL

Palladium

PALL/SPY x100

CPER

Copper

CPER/SPY x100

UUP

US Dollar

UUP/SPY x100

Saved daily snapshots

Recent Regime History

Each run appends one snapshot per ETF to the local history file, then this table summarizes the last 20 run dates.

Run Date	Market Date	% > 50D	% > 200D	% RS > SPY	Median RSI	Median DD
2026-07-02	2026-07-02	51.3%	74.3%	48.7%	49.1	-6.0%
2026-07-06	2026-07-06	63.7%	75.2%	46.9%	52.2	-5.0%
2026-07-07	2026-07-07	47.8%	72.6%	43.4%	50.4	-6.1%
2026-07-08	2026-07-08	46.0%	69.0%	39.8%	48.3	-6.4%
2026-07-09	2026-07-09	53.1%	71.7%	37.2%	50.6	-5.6%
2026-07-10	2026-07-10	56.6%	71.7%	31.0%	51.8	-5.3%
2026-07-12	2026-07-10	56.6%	71.7%	31.9%	51.8	-5.3%
2026-07-13	2026-07-13	46.0%	69.9%	31.0%	49.5	-6.3%
2026-07-14	2026-07-14	54.9%	70.8%	26.5%	51.1	-6.0%
2026-07-15	2026-07-15	54.9%	71.7%	40.7%	51.1	-5.9%
2026-07-16	2026-07-16	54.0%	69.9%	42.5%	53.2	-6.0%
2026-07-17	2026-07-17	46.0%	68.1%	43.4%	48.8	-7.1%
2026-07-20	2026-07-20	42.5%	67.3%	51.3%	47.1	-7.4%
2026-07-21	2026-07-21	46.9%	68.1%	48.7%	50.2	-6.4%
2026-07-22	2026-07-22	45.1%	69.0%	46.0%	49.7	-6.2%
2026-07-23	2026-07-23	39.8%	67.3%	44.2%	46.2	-7.0%
2026-07-27	2026-07-27	50.4%	68.1%	41.6%	49.6	-7.8%
2026-07-28	2026-07-28	50.4%	69.9%	42.5%	49.7	-7.7%
2026-07-29	2026-07-29	46.9%	65.5%	61.9%	46.7	-7.2%
2026-07-30	2026-07-30	53.1%	68.1%	59.3%	50.8	-6.7%

Dollar / breadth regime

Inverted USD And ETF Trend Breadth

The teal line is ETF breadth. Macro overlays are rebased to 100 on the first available October 2024 observation. USD, 10Y, and WTI are inverted, so a rising macro line means weaker dollar, lower yield pressure, or lower oil pressure.

Inverted USD vs ETF % Above 50DMA

Inverted USD vs ETF % Above 200DMA

Inverted 10Y vs ETF % Above 50DMA

Inverted 10Y vs ETF % Above 200DMA

Inverted WTI Oil vs ETF % Above 50DMA

Inverted WTI Oil vs ETF % Above 200DMA

Retail sentiment

AAII Bull-Bear Spread And Weekly Shock

This recreates the AAII sentiment view in the house style: SPY price on top, AAII bull-bear spread in the middle, and the 1-week percentage-point change below. The component charts underneath show bullish and bearish sentiment with 4-week moving averages so the PM can separate one-week noise from trend.

Bull-Bear Spread

-10.9 pts

Latest survey week: 2026-07-02

1W Change

-19.7 pts

Week-over-week change in bull minus bear spread.

Bulls / 4W MA

31.4 / 35.8

Bullish respondents, percent of survey.

Bears / 4W MA

42.3 / 41.4

Bearish respondents, percent of survey.

Source

AAII sentiment history

History starts 1987-08-07; 2,028 rows.

SPY Price + AAII Bull-Bear Spread + 1W Change

AAII Bulls + 4W Moving Average

AAII Bears + 4W Moving Average

Data warnings

Cache / Download Notes

Repaired 7 OHLC cache rows with invalid open/high/low values before charting: DBB, IAK, OIH, PEJ, XES, XTL, XTN.

Macro tape

USD, Oil, And 10Y Before Volatility

Macro drivers are shown before VIX/MOVE so the ETF tape is framed by dollar pressure, crude impulse, and rates direction first.

USD US Dollar Index

DX-Y.NYB | daily view is a rolling 2-year window; weekly view is a rolling 5-year window. Side panel uses price returns.

USD Daily Candlestick + 50 / 200 DMA + RSI 14

USD Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

Oil WTI Crude Oil

CL=F | daily view is a rolling 2-year window; weekly view is a rolling 5-year window. Side panel uses price returns.

Oil Daily Candlestick + 50 / 200 DMA + RSI 14

Oil Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

10Y 10Y Treasury Yield

^TNX | daily view is a rolling 2-year window; weekly view is a rolling 5-year window. Side panel uses basis-point yield changes.

10Y Daily Candlestick + 50 / 200 DMA + RSI 14

10Y Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

Dollar / rates positioning

DXY, USD Futures Positioning, And SOFR Positioning

This recreates the institutional dollar-positioning read in the house style: DXY price on top, broad USD futures positioning in the middle, and 3-month SOFR leveraged-money positioning underneath. Positive USD positioning means non-commercial futures are net long USD after FX legs are converted to USD notional and sign-flipped. Negative SOFR positioning means leveraged accounts are short SOFR futures, typically a hawkish/rate-up bet.

Dollar Index + Total USD Futures Net + SOFR 3M Leveraged-Money Net

Current Read

Latest broad USD net 43.3B as of 2026-07-21; SOFR leveraged-money net -2.69M as of 2026-07-21.

USD Panel

Broad USD net aggregates major FX futures, converts contracts into USD notional, and flips foreign-currency longs into USD shorts.

SOFR Panel

SOFR uses CFTC leveraged-money long minus short contracts. Large negative readings flag heavy short-rate-futures exposure.

Risk monitors

VIX And MOVE Before The ETF Tape

A quick volatility and rates-volatility check before the sleeve chart run. These are candle-only views with RSI context, no moving-average overlays or right-side return panel.

VIX CBOE Volatility Index

Daily and weekly volatility/risk tape. These charts intentionally exclude moving-average overlays and stat panels.

VIX Daily Candlestick + RSI 14

VIX Weekly Candlestick + Weekly RSI 14

MOVE ICE BofA MOVE Index

Daily and weekly volatility/risk tape. These charts intentionally exclude moving-average overlays and stat panels.

MOVE Daily Candlestick + RSI 14

MOVE Weekly Candlestick + Weekly RSI 14

ETF charts

Core Index Beta

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

SPY S&P 500

Core Index Beta | latest close 741.7 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 49.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

QQQ Nasdaq 100

Core Index Beta | latest close 683.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 43.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IWM Russell 2000

Core Index Beta | latest close 292.6 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 49.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

OEF S&P 100

Core Index Beta | latest close 365.6 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 49.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

RSP Equal Weight S&P

Core Index Beta | latest close 215.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 57.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLG Mega Cap

Core Index Beta | latest close 60.13 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 45.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Style / Market Structure

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

MAGS Magnificent 7

Style / Market Structure | latest close 63.92 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 43.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XMAG Ex-Mag 7

Style / Market Structure | latest close 25.37 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 49.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

VO Mid Cap

Style / Market Structure | latest close 80.99 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 56.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IWF Growth

Style / Market Structure | latest close 117.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 43.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IWD Value

Style / Market Structure | latest close 250.7 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 61.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SPXT Ex-Tech S&P

Style / Market Structure | latest close 108.8 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 48.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Factors / Risk Appetite

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

SPHB High Beta

Factors / Risk Appetite | latest close 139.8 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 43.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

MTUM Momentum

Factors / Risk Appetite | latest close 298.8 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 43.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

QUAL Quality

Factors / Risk Appetite | latest close 218.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 55.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SPHD High Dividend Low Vol

Factors / Risk Appetite | latest close 52.45 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 54.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SPLV Low Vol

Factors / Risk Appetite | latest close 76.38 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 53.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Growth / Tech Leadership

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

XLK Technology

Growth / Tech Leadership | latest close 175.7 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 46.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SMH Semiconductors

Growth / Tech Leadership | latest close 538.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 42.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IGV Software

Growth / Tech Leadership | latest close 93.31 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 55.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

CLOU Cloud

Growth / Tech Leadership | latest close 24.85 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 62.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

BUG Cybersecurity

Growth / Tech Leadership | latest close 37.51 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 47.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

GRID Smart Grid

Growth / Tech Leadership | latest close 176.6 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 44.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

AIQ AI Theme

Growth / Tech Leadership | latest close 58.69 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 44.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

QTUM Quantum/AI

Growth / Tech Leadership | latest close 140.3 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 42.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ROBO Robotics

Growth / Tech Leadership | latest close 78.58 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 45.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

NXTG 5G / Digital Infra

Growth / Tech Leadership | latest close 145.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 47.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PNQI Internet

Growth / Tech Leadership | latest close 48.68 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 56.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Thematic / Speculative Growth

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

PINK Health Innovators

Thematic / Speculative Growth | latest close 39.54 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 59.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ARKK Speculative Tech

Thematic / Speculative Growth | latest close 72.90 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 41.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

UFO Space

Thematic / Speculative Growth | latest close 43.82 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 38.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PEJ Leisure

Thematic / Speculative Growth | latest close 67.05 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 58.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Cyclical Sectors

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

XLY Consumer Discretionary

Cyclical Sectors | latest close 112.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 44.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLC Communication Services

Cyclical Sectors | latest close 106.6 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 40.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLE Energy

Cyclical Sectors | latest close 58.96 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 61.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLF Financials

Cyclical Sectors | latest close 57.00 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 63.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLI Industrials

Cyclical Sectors | latest close 178.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 46.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLB Materials

Cyclical Sectors | latest close 51.64 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 54.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XHB Homebuilders

Cyclical Sectors | latest close 104.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 41.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Defensive Sectors

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

XLP Consumer Staples

Defensive Sectors | latest close 85.47 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 53.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLV Health Care

Defensive Sectors | latest close 163.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 57.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLU Utilities

Defensive Sectors | latest close 44.66 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 43.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XLRE Real Estate

Defensive Sectors | latest close 45.30 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 53.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Industries / Infrastructure / Housing

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

XTL Telecom

Industries / Infrastructure / Housing | latest close 204.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 40.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SOCL Social Media

Industries / Infrastructure / Housing | latest close 46.19 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 54.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

HERO Video Games

Industries / Infrastructure / Housing | latest close 27.04 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 71.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XES Oil Services

Industries / Infrastructure / Housing | latest close 107.8 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 41.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XOP Oil E&P

Industries / Infrastructure / Housing | latest close 174.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 61.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

OIH Oil Services

Industries / Infrastructure / Housing | latest close 375.8 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 45.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

CRAK Refiners

Industries / Infrastructure / Housing | latest close 55.82 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 70.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

FCG Natural Gas Equities

Industries / Infrastructure / Housing | latest close 28.80 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 56.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

COAL Coal

Industries / Infrastructure / Housing | latest close 23.10 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 44.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

NUKZ Nuclear

Industries / Infrastructure / Housing | latest close 63.81 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 45.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

JETS Airlines

Industries / Infrastructure / Housing | latest close 31.68 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 55.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PAVE Infrastructure

Industries / Infrastructure / Housing | latest close 56.10 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 45.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ITA Aerospace & Defense

Industries / Infrastructure / Housing | latest close 238.1 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 51.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XTN Transportation

Industries / Infrastructure / Housing | latest close 109.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 35.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

CARZ Autos

Industries / Infrastructure / Housing | latest close 102.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 43.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ITB Home Construction

Industries / Infrastructure / Housing | latest close 95.47 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 45.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Financial / Health Care Industries

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

KRE Regional Banks

Financial / Health Care Industries | latest close 75.90 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 55.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IAK Insurance

Financial / Health Care Industries | latest close 147.6 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 56.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PSP Private Equity

Financial / Health Care Industries | latest close 59.92 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 62.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IYG Financial Services

Financial / Health Care Industries | latest close 95.46 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 60.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IAI Broker Dealers

Financial / Health Care Industries | latest close 186.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 50.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

XBI Biotech

Financial / Health Care Industries | latest close 151.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 50.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IBB Biotech Large Cap

Financial / Health Care Industries | latest close 190.0 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 56.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IHF Health Providers

Financial / Health Care Industries | latest close 56.75 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 55.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IHI Medical Devices

Financial / Health Care Industries | latest close 52.74 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 59.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IHE Pharma

Financial / Health Care Industries | latest close 102.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 59.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Rates / Credit

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

STIP Short TIPS

Rates / Credit | latest close 101.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 56.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SHY 1-3Y Treasury

Rates / Credit | latest close 82.01 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 58.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

TIP TIPS

Rates / Credit | latest close 107.7 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 44.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

IEF 7-10Y Treasury

Rates / Credit | latest close 93.21 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 44.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

TLT 20Y Treasury

Rates / Credit | latest close 82.80 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 35.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

AGG Aggregate Bonds

Rates / Credit | latest close 97.62 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 42.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

CWB Convertibles

Rates / Credit | latest close 101.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 44.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

EMLC EM Local Debt

Rates / Credit | latest close 25.51 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 55.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

EMB EM USD Debt

Rates / Credit | latest close 94.79 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 41.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

HYG High Yield

Rates / Credit | latest close 79.47 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 49.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

LQD IG Credit

Rates / Credit | latest close 106.4 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 37.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

BKLN Bank Loans

Rates / Credit | latest close 20.38 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 52.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

MBB MBS

Rates / Credit | latest close 93.29 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 44.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PFF Preferreds

Rates / Credit | latest close 30.44 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 49.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Metals / Miners

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

XME Metals & Mining

Metals / Miners | latest close 101.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 45.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

COPX Copper Miners

Metals / Miners | latest close 79.50 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 53.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

HAP Hard Assets

Metals / Miners | latest close 71.78 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 61.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

WOOD Timber

Metals / Miners | latest close 72.08 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 67.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

GDX Gold Miners

Metals / Miners | latest close 76.78 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 51.5

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

GDXJ Junior Gold Miners

Metals / Miners | latest close 99.04 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 75.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SIL Silver Miners

Metals / Miners | latest close 76.19 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 48.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SILJ Junior Silver Miners

Metals / Miners | latest close 24.95 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 47.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

URNM Uranium Miners

Metals / Miners | latest close 49.45 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 43.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

International Equity

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

EWA Australia

International Equity | latest close 29.82 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 66.9

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

EWZ Brazil

International Equity | latest close 36.53 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 58.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

FXI China Large Cap

International Equity | latest close 36.52 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 72.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

EEM Emerging Markets

International Equity | latest close 63.59 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 45.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

EZU Eurozone

International Equity | latest close 69.65 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 58.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

INDA India

International Equity | latest close 49.70 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 58.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

DXJ Japan Hedged

International Equity | latest close 174.9 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 50.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

EWU United Kingdom

International Equity | latest close 48.68 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 69.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

ETF charts

Commodities / Crypto / USD

Charts are rendered in the same sleeve order used by the broader ETF work. The right panel is the daily PM checklist for return stack, trend distance, RSI, and one-year run/drawdown.

DBA Agriculture

Commodities / Crypto / USD | latest close 27.48 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 48.0

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

DBB Base Metals

Commodities / Crypto / USD | latest close 25.04 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 57.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

BTC-USD Bitcoin

Commodities / Crypto / USD | latest close 64,679.0 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 52.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

DBC Commodities

Commodities / Crypto / USD | latest close 29.32 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 55.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

GSG Commodities

Commodities / Crypto / USD | latest close 31.95 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 56.4

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

USO Oil

Commodities / Crypto / USD | latest close 127.5 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 54.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

GLD Gold

Commodities / Crypto / USD | latest close 377.2 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 50.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

SLV Silver

Commodities / Crypto / USD | latest close 53.50 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 47.3

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

URA Uranium

Commodities / Crypto / USD | latest close 39.72 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 42.7

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PLTM Platinum

Commodities / Crypto / USD | latest close 15.89 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Below 50/200 RSI 51.2

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

PALL Palladium

Commodities / Crypto / USD | latest close 23.85 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Repairing RSI 55.6

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

CPER Copper

Commodities / Crypto / USD | latest close 39.34 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Above 50/200 RSI 57.8

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

UUP US Dollar

Commodities / Crypto / USD | latest close 28.14 on 2026-07-30. Daily view is a rolling 2-year window; weekly view is a rolling 5-year window.

Fading RSI 40.1

Daily Candlestick + 50 / 200 DMA + RSI 14

6M Daily Candlestick Focus

Rolling Drawdown From Trailing 1Y High

Weekly Candlestick + 50 / 200 Week Moving Averages + Weekly RSI 14

Correlation appendix

Correlation And Factor Regime Appendix

This section asks whether each ETF is trading on its own sleeve theme or simply behaving like market beta, growth beta, credit risk, USD, rates, oil, gold, VIX, or MOVE. Correlations use daily returns except 10Y/VIX/MOVE, where daily level changes are used. Z-scores compare the current 63D correlation against each ETF's own rolling history.

Diversification Failure

1 ETFs

ETFs with 63D correlation to SPY at or above +0.85. High counts mean the tape is behaving more like one macro block.

Strongest Linkage

OEF / SPY

63D corr 0.97 | High positive SPY linkage

Biggest Shift

IHI / QQQ

3M change -0.83 | current corr -0.28

Most Unusual Link

GDXJ / Gold

Correlation z-score -6.49 | Gold relationship shifted

Sleeve factor medians

Current 63D Factor Correlation By Sleeve

Sleeve medians reduce single-ETF noise and show which parts of the book are currently most exposed to macro factors.

Sleeve	ETFs	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
Core Index Beta	6	0.92	0.88	0.74	-0.08	-0.40	-0.43	-0.35	0.60	-0.78	-0.34
Style / Market Structure	6	0.79	0.66	0.71	-0.15	-0.36	-0.47	-0.35	0.57	-0.68	-0.33
Factors / Risk Appetite	5	0.75	0.81	0.71	-0.05	-0.27	-0.26	-0.20	0.47	-0.60	-0.20
Growth / Tech Leadership	11	0.81	0.89	0.72	-0.07	-0.29	-0.31	-0.15	0.53	-0.65	-0.20
Thematic / Speculative Growth	4	0.44	0.37	0.52	-0.23	-0.36	-0.43	-0.35	0.41	-0.36	-0.37
Cyclical Sectors	7	0.52	0.33	0.61	-0.23	-0.24	-0.46	-0.41	0.29	-0.43	-0.37
Defensive Sectors	4	-0.11	-0.35	0.10	-0.08	-0.05	-0.15	-0.18	0.01	0.07	-0.18
Industries / Infrastructure / Housing	16	0.45	0.33	0.48	-0.06	-0.28	-0.30	-0.16	0.32	-0.37	-0.21
Financial / Health Care Industries	10	0.25	0.07	0.42	-0.11	-0.21	-0.27	-0.30	0.21	-0.23	-0.23
Rates / Credit	14	0.58	0.47	0.68	-0.45	-0.47	-0.75	-0.50	0.48	-0.49	-0.60
Metals / Miners	9	0.68	0.64	0.65	-0.11	-0.55	-0.41	-0.21	0.69	-0.58	-0.40
International Equity	8	0.61	0.49	0.62	-0.12	-0.49	-0.43	-0.30	0.58	-0.56	-0.33
Commodities / Crypto / USD	13	0.55	0.44	0.55	0.04	-0.40	-0.25	-0.13	0.57	-0.45	-0.27

Most Unusual Correlation Links

Largest absolute 63D correlation z-scores across the ETF universe. This is the fastest way to spot factor relationships that are unusually strong or unusually inverse versus each ETF's own history.

Ticker	Name	Factor	63D	Z	Δ3M	21D	126D	Beta	N	PM Read
GDXJ	Junior Gold Miners	Gold	-0.18	-6.49	-0.99	-0.36	-0.01	-2.0	63	Gold relationship shifted
PNQI	Internet	QQQ	0.14	-5.53	-0.64	-0.10	0.42	0.1	63	QQQ relationship shifted
PNQI	Internet	SPY	0.35	-5.06	-0.41	0.23	0.58	0.6	63	SPY relationship shifted
RSP	Equal Weight S&P	IWM	0.69	-4.97	-0.19	0.38	0.80	0.4	63	Extreme positive IWM linkage
SPXT	Ex-Tech S&P	SPY	0.50	-4.81	-0.40	0.44	0.72	0.4	63	Extreme positive SPY linkage
MAGS	Magnificent 7	QQQ	0.66	-4.57	-0.26	0.58	0.76	0.6	63	Extreme positive QQQ linkage
PEJ	Leisure	IWM	0.41	-4.49	-0.41	0.13	0.65	0.4	63	IWM relationship shifted
SPXT	Ex-Tech S&P	IWM	0.46	-4.29	-0.34	0.33	0.65	0.3	63	Extreme positive IWM linkage
PEJ	Leisure	SPY	0.24	-4.28	-0.56	0.02	0.57	0.3	63	SPY relationship shifted
XLC	Communication Services	QQQ	0.12	-4.21	-0.50	-0.12	0.33	0.1	63	QQQ relationship shifted
SPXT	Ex-Tech S&P	QQQ	0.20	-4.10	-0.62	-0.01	0.48	0.1	63	QQQ relationship shifted
PEJ	Leisure	QQQ	0.06	-3.75	-0.65	-0.27	0.37	0.0	63	QQQ relationship shifted
XLF	Financials	IWM	0.27	-3.74	-0.40	0.46	0.51	0.2	63	IWM relationship shifted
XLC	Communication Services	SPY	0.37	-3.73	-0.32	0.19	0.52	0.5	63	Moderate positive SPY linkage
IYG	Financial Services	IWM	0.39	-3.66	-0.33	0.60	0.59	0.3	63	Moderate positive IWM linkage
IWF	Growth	QQQ	0.89	-3.63	-0.08	0.98	0.92	0.7	63	Extreme positive QQQ linkage
OEF	S&P 100	QQQ	0.89	-3.60	-0.07	0.83	0.91	0.5	63	Extreme positive QQQ linkage
IHI	Medical Devices	QQQ	-0.28	-3.55	-0.83	-0.42	0.01	-0.3	63	QQQ relationship shifted
IHI	Medical Devices	SPY	-0.04	-3.49	-0.67	-0.11	0.24	-0.1	63	SPY relationship shifted
XLV	Health Care	SPY	-0.13	-3.46	-0.70	-0.28	0.20	-0.2	63	SPY relationship shifted
HERO	Video Games	IWM	0.18	-3.42	-0.41	0.08	0.42	0.2	63	IWM relationship shifted
XLG	Mega Cap	QQQ	0.88	-3.40	-0.07	0.92	0.90	0.6	63	Extreme positive QQQ linkage
PNQI	Internet	IWM	0.17	-3.38	-0.43	0.17	0.41	0.2	63	IWM relationship shifted
IAK	Insurance	VIX	0.43	3.38	0.59	0.44	0.13	0.0	63	VIX relationship shifted
IGV	Software	QQQ	0.24	-3.36	-0.29	0.11	0.37	0.3	63	Moderate positive QQQ linkage
HERO	Video Games	QQQ	0.25	-3.35	-0.42	-0.00	0.44	0.2	63	QQQ relationship shifted
PEJ	Leisure	VIX	-0.23	3.33	0.46	-0.05	-0.52	-0.0	63	VIX relationship shifted
SPLV	Low Vol	IWM	-0.12	-3.27	-0.42	-0.33	0.07	-0.1	63	IWM relationship shifted
XLV	Health Care	QQQ	-0.35	-3.15	-0.80	-0.60	-0.04	-0.3	63	QQQ relationship shifted
SPLV	Low Vol	VIX	0.22	3.14	0.49	0.26	-0.03	0.0	63	VIX relationship shifted
IAK	Insurance	IWM	-0.26	-3.13	-0.45	-0.34	-0.05	-0.3	63	IWM relationship shifted
IAK	Insurance	SPY	-0.42	-3.12	-0.63	-0.42	-0.13	-0.6	63	SPY relationship shifted
GDXJ	Junior Gold Miners	USD	0.06	3.11	0.49	0.25	-0.02	1.6	63	USD relationship shifted
IHI	Medical Devices	IWM	-0.00	-3.08	-0.61	-0.07	0.26	-0.0	63	IWM relationship shifted
IAI	Broker Dealers	IWM	0.44	-3.07	-0.28	0.49	0.60	0.5	63	Moderate positive IWM linkage
SPXT	Ex-Tech S&P	VIX	-0.46	3.05	0.33	-0.42	-0.65	-0.0	63	Extreme negative VIX linkage
STIP	Short TIPS	HYG/LQD	-0.11	3.05	0.26	-0.07	-0.25	-0.1	63	Low factor linkage
HERO	Video Games	VIX	-0.20	3.04	0.35	-0.06	-0.42	-0.0	63	Low factor linkage
SPLV	Low Vol	SPY	-0.28	-3.02	-0.55	-0.32	-0.04	-0.3	63	SPY relationship shifted
SPHD	High Dividend Low Vol	IWM	0.01	-3.01	-0.29	-0.27	0.14	0.0	63	Low factor linkage
XLF	Financials	VIX	-0.23	3.01	0.38	-0.44	-0.47	-0.0	63	VIX relationship shifted
XLRE	Real Estate	VIX	0.12	2.99	0.57	0.24	-0.20	0.0	63	VIX relationship shifted
XLF	Financials	SPY	0.25	-2.98	-0.45	0.48	0.51	0.3	63	SPY relationship shifted
KRE	Regional Banks	IWM	0.48	-2.98	-0.17	0.41	0.58	0.5	63	Extreme positive IWM linkage
CLOU	Cloud	QQQ	0.16	-2.97	-0.26	-0.12	0.26	0.2	63	Low factor linkage
IWF	Growth	SPY	0.89	-2.96	-0.08	0.91	0.93	1.3	63	Extreme positive SPY linkage
HERO	Video Games	SPY	0.32	-2.96	-0.30	0.06	0.50	0.5	63	Moderate positive SPY linkage
PNQI	Internet	VIX	-0.36	2.96	0.26	-0.20	-0.51	-0.0	63	Moderate negative VIX linkage
XLRE	Real Estate	SPY	-0.10	-2.96	-0.59	-0.26	0.19	-0.1	63	SPY relationship shifted
XLV	Health Care	VIX	0.02	2.95	0.56	0.23	-0.26	0.0	63	VIX relationship shifted
XLV	Health Care	IWM	0.07	-2.95	-0.46	-0.10	0.28	0.1	63	IWM relationship shifted
IGV	Software	SPY	0.31	-2.93	-0.19	0.27	0.41	0.8	63	Moderate positive SPY linkage
XLP	Consumer Staples	IWM	-0.25	-2.93	-0.41	-0.37	-0.04	-0.2	63	IWM relationship shifted
BTC-USD	Bitcoin	Gold	0.50	2.89	0.34	0.65	0.24	0.7	63	Extreme positive Gold linkage
CLOU	Cloud	IWM	0.10	-2.89	-0.24	0.05	0.23	0.2	63	Low factor linkage
PEJ	Leisure	HYG/LQD	-0.42	-2.86	-0.55	-0.21	-0.08	-2.5	63	HYG/LQD relationship shifted
SPLV	Low Vol	QQQ	-0.54	-2.86	-0.66	-0.66	-0.30	-0.3	63	Extreme negative QQQ linkage
XLRE	Real Estate	QQQ	-0.34	-2.85	-0.69	-0.58	-0.05	-0.2	63	QQQ relationship shifted
CLOU	Cloud	MOVE	0.13	2.81	0.34	0.22	-0.08	0.0	63	Low factor linkage
JETS	Airlines	HYG/LQD	-0.46	-2.80	-0.56	-0.35	-0.14	-5.5	63	Extreme negative HYG/LQD linkage

Primary Factor By ETF

Primary factor is the highest absolute current 63D correlation for each ETF. The table keeps 21D, 63D, and 126D side by side so the PM can see whether the relationship is new, persistent, or fading.

Ticker	Name	Group	Primary	21D	63D	126D	Z	Δ3M	Beta	N	PM Read
SPY	S&P 500	Core Index Beta	QQQ	0.87	0.92	0.92	-1.17	-0.05	0.5	63	High positive QQQ linkage
XLY	Consumer Discretionary	Cyclical Sectors	SPY	0.66	0.71	0.79	-1.97	-0.15	1.1	63	Moderate positive SPY linkage
XLP	Consumer Staples	Defensive Sectors	QQQ	-0.63	-0.51	-0.28	-2.59	-0.56	-0.4	63	Extreme negative QQQ linkage
XLC	Communication Services	Cyclical Sectors	Oil	-0.54	-0.38	-0.31	-1.49	-0.08	-0.1	63	Moderate negative Oil linkage
XLE	Energy	Cyclical Sectors	Oil	0.80	0.74	0.62	1.32	0.20	0.3	63	Moderate positive Oil linkage
XLF	Financials	Cyclical Sectors	Oil	-0.61	-0.41	-0.35	-1.53	-0.11	-0.1	63	Moderate negative Oil linkage
XLV	Health Care	Defensive Sectors	QQQ	-0.60	-0.35	-0.04	-3.15	-0.80	-0.3	63	QQQ relationship shifted
XLI	Industrials	Cyclical Sectors	IWM	0.59	0.70	0.76	-2.60	-0.12	0.8	63	Extreme positive IWM linkage
XLK	Technology	Growth / Tech Leadership	QQQ	0.96	0.96	0.96	0.11	0.00	1.3	63	High positive QQQ linkage
XLB	Materials	Cyclical Sectors	IWM	0.21	0.61	0.62	-1.51	-0.02	0.7	63	Moderate positive IWM linkage
XLRE	Real Estate	Defensive Sectors	QQQ	-0.58	-0.34	-0.05	-2.85	-0.69	-0.2	63	QQQ relationship shifted
XLU	Utilities	Defensive Sectors	MOVE	-0.02	-0.21	-0.23	-0.03	0.06	-0.0	63	Moderate negative MOVE linkage
SPHD	High Dividend Low Vol	Factors / Risk Appetite	QQQ	-0.63	-0.46	-0.26	-2.51	-0.52	-0.3	63	Extreme negative QQQ linkage
IWF	Growth	Style / Market Structure	SPY	0.91	0.89	0.93	-2.96	-0.08	1.3	63	Extreme positive SPY linkage
SPHB	High Beta	Factors / Risk Appetite	QQQ	0.96	0.94	0.93	1.19	0.03	1.3	63	High positive QQQ linkage
SPLV	Low Vol	Factors / Risk Appetite	QQQ	-0.66	-0.54	-0.30	-2.86	-0.66	-0.3	63	Extreme negative QQQ linkage
OEF	S&P 100	Core Index Beta	SPY	0.98	0.97	0.98	-0.82	-0.01	1.1	63	High positive SPY linkage
QQQ	Nasdaq 100	Core Index Beta	SPY	0.87	0.92	0.92	-1.17	-0.05	1.7	63	High positive SPY linkage
VO	Mid Cap	Style / Market Structure	IWM	0.78	0.85	0.90	-2.05	-0.08	0.5	63	Extreme positive IWM linkage
MTUM	Momentum	Factors / Risk Appetite	QQQ	0.89	0.90	0.90	0.14	-0.01	1.4	63	High positive QQQ linkage
QUAL	Quality	Factors / Risk Appetite	SPY	0.87	0.92	0.94	-2.63	-0.05	0.8	63	Extreme positive SPY linkage
IWM	Russell 2000	Core Index Beta	SPY	0.83	0.79	0.85	-0.04	-0.10	1.1	63	Moderate positive SPY linkage
IWD	Value	Style / Market Structure	IWM	0.40	0.78	0.84	-2.80	-0.12	0.5	63	Extreme positive IWM linkage
EWA	Australia	International Equity	USD	-0.62	-0.70	-0.70	-1.08	-0.01	-2.8	63	Moderate negative USD linkage
EWZ	Brazil	International Equity	IWM	0.45	0.58	0.64	0.64	-0.11	0.8	63	Moderate positive IWM linkage
FXI	China Large Cap	International Equity	USD	-0.17	-0.43	-0.48	-1.01	0.09	-1.9	63	Moderate negative USD linkage
EEM	Emerging Markets	International Equity	QQQ	0.93	0.91	0.88	1.66	0.09	1.3	63	High positive QQQ linkage
EZU	Eurozone	International Equity	SPY	0.78	0.79	0.81	0.70	-0.05	1.2	63	Moderate positive SPY linkage
INDA	India	International Equity	IWM	0.65	0.65	0.63	1.20	0.04	0.6	63	Moderate positive IWM linkage
DXJ	Japan Hedged	International Equity	QQQ	0.65	0.68	0.59	0.94	0.16	0.5	63	Moderate positive QQQ linkage
EWU	United Kingdom	International Equity	USD	-0.58	-0.69	-0.59	-1.19	-0.16	-2.4	63	Moderate negative USD linkage
STIP	Short TIPS	Rates / Credit	USD	-0.59	-0.48	-0.25	-0.54	-0.41	-0.2	63	USD relationship shifted
SHY	1-3Y Treasury	Rates / Credit	10Y	-0.72	-0.75	-0.81	0.36	0.10	-0.0	63	Moderate negative 10Y linkage
TIP	TIPS	Rates / Credit	10Y	-0.73	-0.75	-0.77	1.10	0.04	-0.0	63	Moderate negative 10Y linkage
IEF	7-10Y Treasury	Rates / Credit	10Y	-0.87	-0.93	-0.94	0.81	0.01	-0.1	63	High negative 10Y linkage
TLT	20Y Treasury	Rates / Credit	10Y	-0.70	-0.86	-0.86	0.63	-0.01	-0.1	63	High negative 10Y linkage
AGG	Aggregate Bonds	Rates / Credit	10Y	-0.81	-0.89	-0.91	1.07	0.03	-0.1	63	High negative 10Y linkage
CWB	Convertibles	Rates / Credit	QQQ	0.92	0.87	0.86	1.08	0.02	0.7	63	High positive QQQ linkage
EMLC	EM Local Debt	Rates / Credit	SPY	0.80	0.77	0.73	1.82	0.07	0.4	63	Moderate positive SPY linkage
EMB	EM USD Debt	Rates / Credit	10Y	-0.60	-0.81	-0.77	-0.61	-0.06	-0.1	63	High negative 10Y linkage
HYG	High Yield	Rates / Credit	IWM	0.67	0.82	0.80	0.94	0.02	0.2	63	High positive IWM linkage
LQD	IG Credit	Rates / Credit	10Y	-0.75	-0.86	-0.83	0.03	-0.05	-0.1	63	High negative 10Y linkage
BKLN	Bank Loans	Rates / Credit	VIX	-0.16	-0.51	-0.59	0.52	0.12	-0.0	63	Moderate negative VIX linkage
MBB	MBS	Rates / Credit	10Y	-0.79	-0.89	-0.90	0.39	0.02	-0.1	63	High negative 10Y linkage
PFF	Preferreds	Rates / Credit	SPY	0.83	0.79	0.81	1.13	-0.04	0.5	63	Moderate positive SPY linkage
DBA	Agriculture	Commodities / Crypto / USD	Oil	0.08	0.18	0.24	0.19	-0.16	0.0	63	Low factor linkage
DBB	Base Metals	Commodities / Crypto / USD	Gold	0.61	0.65	0.66	1.65	-0.03	0.5	63	Moderate positive Gold linkage
BTC-USD	Bitcoin	Commodities / Crypto / USD	Gold	0.65	0.50	0.24	2.89	0.34	0.7	63	Extreme positive Gold linkage
DBC	Commodities	Commodities / Crypto / USD	Oil	0.93	0.89	0.77	0.75	0.18	0.4	63	High positive Oil linkage
USO	Oil	Commodities / Crypto / USD	Oil	0.97	0.95	0.90	0.18	0.09	0.9	63	High positive Oil linkage
GLD	Gold	Commodities / Crypto / USD	SPY	0.51	0.65	0.43	1.95	0.33	1.2	63	Moderate positive SPY linkage
UUP	US Dollar	Commodities / Crypto / USD	USD	0.98	0.96	0.95	-0.14	0.01	1.1	63	High positive USD linkage
MAGS	Magnificent 7	Style / Market Structure	SPY	0.77	0.77	0.84	-1.22	-0.13	1.4	63	Moderate positive SPY linkage
XMAG	Ex-Mag 7	Style / Market Structure	QQQ	0.81	0.85	0.85	0.50	-0.01	0.5	63	High positive QQQ linkage
XLG	Mega Cap	Core Index Beta	SPY	0.97	0.95	0.96	-0.55	-0.02	1.1	63	High positive SPY linkage
RSP	Equal Weight S&P	Core Index Beta	SPY	0.34	0.69	0.78	-1.98	-0.16	0.6	63	Moderate positive SPY linkage
SPXT	Ex-Tech S&P	Style / Market Structure	Oil	-0.69	-0.57	-0.54	-1.89	-0.04	-0.1	63	Moderate negative Oil linkage
SMH	Semiconductors	Growth / Tech Leadership	QQQ	0.94	0.94	0.92	1.20	0.04	2.1	63	High positive QQQ linkage
GSG	Commodities	Commodities / Crypto / USD	Oil	0.94	0.91	0.86	0.52	0.09	0.4	63	High positive Oil linkage
GDX	Gold Miners	Metals / Miners	Gold	0.88	0.89	0.86	1.68	0.04	1.9	63	High positive Gold linkage
GDXJ	Junior Gold Miners	Metals / Miners	Oil	0.51	0.45	0.36	1.65	0.22	2.0	63	Moderate positive Oil linkage
SIL	Silver Miners	Metals / Miners	Gold	0.86	0.87	0.86	1.82	0.01	2.1	63	High positive Gold linkage
COPX	Copper Miners	Metals / Miners	Gold	0.77	0.79	0.74	1.74	0.06	1.8	63	Moderate positive Gold linkage
URNM	Uranium Miners	Metals / Miners	Gold	0.73	0.68	0.65	1.91	0.04	1.5	63	Moderate positive Gold linkage
XME	Metals & Mining	Metals / Miners	IWM	0.66	0.76	0.75	0.26	0.01	1.7	63	Moderate positive IWM linkage
HAP	Hard Assets	Metals / Miners	Gold	0.62	0.63	0.70	0.98	-0.12	0.4	63	Moderate positive Gold linkage
WOOD	Timber	Metals / Miners	10Y	-0.51	-0.64	-0.55	-1.67	-0.17	-0.2	63	Moderate negative 10Y linkage
XTL	Telecom	Industries / Infrastructure / Housing	IWM	0.72	0.72	0.72	-0.40	-0.02	1.3	63	Moderate positive IWM linkage
SOCL	Social Media	Industries / Infrastructure / Housing	SPY	0.29	0.56	0.69	-0.82	-0.25	1.1	63	Moderate positive SPY linkage
HERO	Video Games	Industries / Infrastructure / Housing	USD	-0.28	-0.40	-0.47	-0.44	0.12	-1.6	63	Moderate negative USD linkage
NXTG	5G / Digital Infra	Growth / Tech Leadership	QQQ	0.91	0.89	0.88	0.97	0.02	1.2	63	High positive QQQ linkage
XES	Oil Services	Industries / Infrastructure / Housing	Oil	0.41	0.46	0.27	-0.25	0.36	0.3	63	Oil relationship shifted
XOP	Oil E&P	Industries / Infrastructure / Housing	Oil	0.83	0.77	0.68	1.42	0.13	0.4	63	Moderate positive Oil linkage
OIH	Oil Services	Industries / Infrastructure / Housing	Oil	0.30	0.42	0.19	-0.32	0.43	0.2	63	Oil relationship shifted
CRAK	Refiners	Industries / Infrastructure / Housing	Oil	0.62	0.57	0.50	1.19	0.09	0.2	63	Moderate positive Oil linkage
FCG	Natural Gas Equities	Industries / Infrastructure / Housing	Oil	0.83	0.76	0.69	1.36	0.10	0.4	63	Moderate positive Oil linkage
COAL	Coal	Industries / Infrastructure / Housing	USD	-0.35	-0.33	-0.17	-1.51	-0.29	-2.1	63	Moderate negative USD linkage
NUKZ	Nuclear	Industries / Infrastructure / Housing	IWM	0.69	0.80	0.81	1.14	-0.03	1.5	63	High positive IWM linkage
JETS	Airlines	Industries / Infrastructure / Housing	Oil	-0.88	-0.78	-0.66	-2.12	-0.20	-0.5	63	Extreme negative Oil linkage
KRE	Regional Banks	Financial / Health Care Industries	IWM	0.41	0.48	0.58	-2.98	-0.17	0.5	63	Extreme positive IWM linkage
IAK	Insurance	Financial / Health Care Industries	QQQ	-0.64	-0.60	-0.36	-2.74	-0.65	-0.5	63	Extreme negative QQQ linkage
PSP	Private Equity	Financial / Health Care Industries	USD	-0.36	-0.61	-0.47	-1.07	-0.24	-2.7	63	Moderate negative USD linkage
IYG	Financial Services	Financial / Health Care Industries	Oil	-0.62	-0.45	-0.37	-1.73	-0.14	-0.1	63	Moderate negative Oil linkage
IAI	Broker Dealers	Financial / Health Care Industries	SPY	0.66	0.55	0.65	-1.80	-0.18	0.8	63	Moderate positive SPY linkage
PAVE	Infrastructure	Industries / Infrastructure / Housing	IWM	0.65	0.75	0.78	-2.64	-0.07	1.0	63	Extreme positive IWM linkage
ITA	Aerospace & Defense	Industries / Infrastructure / Housing	IWM	0.42	0.54	0.61	-0.58	-0.14	0.8	63	Moderate positive IWM linkage
XTN	Transportation	Industries / Infrastructure / Housing	IWM	0.60	0.64	0.66	-2.07	-0.04	0.9	63	Extreme positive IWM linkage
CARZ	Autos	Industries / Infrastructure / Housing	QQQ	0.96	0.96	0.93	1.56	0.06	1.7	63	High positive QQQ linkage
IGV	Software	Growth / Tech Leadership	SPY	0.27	0.31	0.41	-2.93	-0.19	0.8	63	Moderate positive SPY linkage
CLOU	Cloud	Growth / Tech Leadership	SPY	0.02	0.22	0.30	-2.74	-0.16	0.6	63	Moderate positive SPY linkage
BUG	Cybersecurity	Growth / Tech Leadership	QQQ	0.24	0.31	0.34	-2.22	-0.08	0.5	63	Moderate positive QQQ linkage
GRID	Smart Grid	Growth / Tech Leadership	QQQ	0.90	0.87	0.84	1.13	0.08	1.1	63	High positive QQQ linkage
PINK	Health Innovators	Thematic / Speculative Growth	IWM	0.42	0.46	0.66	-1.91	-0.35	0.4	63	Moderate positive IWM linkage
XBI	Biotech	Financial / Health Care Industries	IWM	0.46	0.54	0.65	-1.62	-0.21	0.9	63	Moderate positive IWM linkage
IBB	Biotech Large Cap	Financial / Health Care Industries	IWM	0.35	0.46	0.61	-2.15	-0.29	0.6	63	Extreme positive IWM linkage
IHF	Health Providers	Financial / Health Care Industries	Oil	-0.31	-0.21	-0.15	-0.96	-0.11	-0.1	63	Moderate negative Oil linkage
IHI	Medical Devices	Financial / Health Care Industries	QQQ	-0.42	-0.28	0.01	-3.55	-0.83	-0.3	63	QQQ relationship shifted
IHE	Pharma	Financial / Health Care Industries	10Y	-0.09	-0.25	-0.35	-0.42	0.22	-0.1	63	Moderate negative 10Y linkage
XHB	Homebuilders	Cyclical Sectors	10Y	-0.44	-0.74	-0.63	-1.68	-0.23	-0.4	63	Moderate negative 10Y linkage
ITB	Home Construction	Industries / Infrastructure / Housing	10Y	-0.50	-0.73	-0.63	-1.53	-0.20	-0.4	63	Moderate negative 10Y linkage
ARKK	Speculative Tech	Thematic / Speculative Growth	SPY	0.80	0.79	0.81	0.35	-0.03	2.2	63	Moderate positive SPY linkage
UFO	Space	Thematic / Speculative Growth	IWM	0.63	0.59	0.63	-1.50	-0.12	1.7	63	Moderate positive IWM linkage
AIQ	AI Theme	Growth / Tech Leadership	QQQ	0.94	0.95	0.95	0.12	0.01	1.5	63	High positive QQQ linkage
QTUM	Quantum/AI	Growth / Tech Leadership	QQQ	0.92	0.92	0.92	0.85	0.00	1.6	63	High positive QQQ linkage
PEJ	Leisure	Thematic / Speculative Growth	10Y	-0.46	-0.65	-0.50	-1.94	-0.26	-0.2	63	Moderate negative 10Y linkage
PNQI	Internet	Growth / Tech Leadership	Oil	-0.63	-0.37	-0.31	-1.60	-0.10	-0.2	63	Moderate negative Oil linkage
ROBO	Robotics	Growth / Tech Leadership	QQQ	0.87	0.90	0.87	1.36	0.08	1.2	63	High positive QQQ linkage
SLV	Silver	Commodities / Crypto / USD	Gold	0.94	0.85	0.87	1.05	-0.02	1.8	63	High positive Gold linkage
SILJ	Junior Silver Miners	Metals / Miners	Gold	0.87	0.86	0.85	1.80	0.01	2.2	63	High positive Gold linkage
CPER	Copper	Commodities / Crypto / USD	Gold	0.67	0.72	0.66	1.88	0.08	0.9	63	Moderate positive Gold linkage
URA	Uranium	Commodities / Crypto / USD	IWM	0.63	0.73	0.74	1.44	-0.01	2.1	63	Moderate positive IWM linkage
PLTM	Platinum	Commodities / Crypto / USD	Gold	0.79	0.83	0.81	1.96	0.03	1.4	63	High positive Gold linkage
PALL	Palladium	Commodities / Crypto / USD	Gold	0.80	0.75	0.72	1.71	0.03	1.3	63	Moderate positive Gold linkage

63D factor heatmap

Core Index Beta

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
SPY	S&P 500	n/a	0.92	0.79	-0.09	-0.44	-0.45	-0.34	0.65	-0.83	-0.35
QQQ	Nasdaq 100	0.92	n/a	0.75	-0.04	-0.35	-0.34	-0.21	0.59	-0.76	-0.28
IWM	Russell 2000	0.79	0.75	n/a	-0.27	-0.39	-0.63	-0.44	0.58	-0.69	-0.48
OEF	S&P 100	0.97	0.89	0.74	-0.07	-0.43	-0.41	-0.35	0.67	-0.84	-0.36
RSP	Equal Weight S&P	0.69	0.46	0.69	-0.24	-0.38	-0.55	-0.42	0.43	-0.56	-0.33
XLG	Mega Cap	0.95	0.88	0.64	-0.01	-0.42	-0.32	-0.29	0.62	-0.80	-0.29

63D factor heatmap

Style / Market Structure

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
MAGS	Magnificent 7	0.77	0.66	0.48	-0.02	-0.34	-0.33	-0.38	0.51	-0.67	-0.36
XMAG	Ex-Mag 7	0.85	0.85	0.84	-0.16	-0.36	-0.45	-0.25	0.59	-0.72	-0.27
VO	Mid Cap	0.81	0.67	0.85	-0.18	-0.40	-0.54	-0.35	0.59	-0.69	-0.29
IWF	Growth	0.89	0.89	0.64	-0.06	-0.35	-0.34	-0.29	0.58	-0.77	-0.25
IWD	Value	0.72	0.54	0.78	-0.14	-0.43	-0.49	-0.35	0.57	-0.62	-0.39
SPXT	Ex-Tech S&P	0.50	0.20	0.46	-0.16	-0.33	-0.49	-0.57	0.40	-0.46	-0.41

63D factor heatmap

Factors / Risk Appetite

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
SPHB	High Beta	0.86	0.94	0.82	-0.15	-0.33	-0.41	-0.26	0.59	-0.72	-0.28
MTUM	Momentum	0.75	0.90	0.71	-0.04	-0.27	-0.26	-0.08	0.47	-0.60	-0.19
QUAL	Quality	0.92	0.81	0.78	-0.10	-0.43	-0.46	-0.38	0.54	-0.78	-0.33
SPHD	High Dividend Low Vol	-0.19	-0.46	0.01	-0.05	-0.11	-0.17	-0.20	-0.07	0.13	-0.20
SPLV	Low Vol	-0.28	-0.54	-0.12	-0.04	0.05	-0.08	-0.18	-0.18	0.22	-0.07

63D factor heatmap

Growth / Tech Leadership

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
XLK	Technology	0.84	0.96	0.69	-0.04	-0.29	-0.26	-0.12	0.53	-0.68	-0.18
SMH	Semiconductors	0.79	0.94	0.72	-0.04	-0.26	-0.28	-0.11	0.49	-0.65	-0.24
IGV	Software	0.31	0.24	0.12	-0.02	-0.14	-0.12	-0.09	0.25	-0.25	0.08
CLOU	Cloud	0.22	0.16	0.10	-0.03	-0.16	-0.14	-0.05	0.15	-0.13	0.13
BUG	Cybersecurity	0.31	0.31	0.12	-0.07	-0.11	-0.16	0.00	0.23	-0.18	0.07
GRID	Smart Grid	0.81	0.87	0.78	-0.12	-0.43	-0.36	-0.17	0.59	-0.64	-0.25
AIQ	AI Theme	0.82	0.95	0.73	-0.07	-0.32	-0.33	-0.16	0.55	-0.68	-0.20
QTUM	Quantum/AI	0.82	0.92	0.78	-0.10	-0.32	-0.33	-0.16	0.54	-0.67	-0.21
ROBO	Robotics	0.85	0.90	0.78	-0.10	-0.38	-0.37	-0.26	0.62	-0.69	-0.30
NXTG	5G / Digital Infra	0.81	0.89	0.78	-0.12	-0.36	-0.39	-0.15	0.58	-0.66	-0.23
PNQI	Internet	0.35	0.14	0.17	-0.08	-0.20	-0.31	-0.37	0.29	-0.36	-0.16

63D factor heatmap

Thematic / Speculative Growth

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
PINK	Health Innovators	0.31	0.18	0.46	-0.30	-0.29	-0.40	-0.36	0.36	-0.31	-0.43
ARKK	Speculative Tech	0.79	0.77	0.72	-0.16	-0.45	-0.45	-0.35	0.64	-0.69	-0.38
UFO	Space	0.57	0.55	0.59	-0.16	-0.42	-0.41	-0.18	0.46	-0.41	-0.29
PEJ	Leisure	0.24	0.06	0.41	-0.42	-0.18	-0.65	-0.61	0.24	-0.23	-0.36

63D factor heatmap

Cyclical Sectors

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
XLY	Consumer Discretionary	0.71	0.56	0.62	-0.23	-0.38	-0.60	-0.63	0.47	-0.66	-0.46
XLC	Communication Services	0.37	0.12	0.21	-0.06	-0.23	-0.37	-0.38	0.26	-0.29	-0.37
XLE	Energy	-0.37	-0.34	-0.37	0.44	0.09	0.57	0.74	-0.28	0.19	0.47
XLF	Financials	0.25	-0.05	0.27	-0.09	-0.24	-0.24	-0.41	0.29	-0.23	-0.09
XLI	Industrials	0.66	0.57	0.70	-0.26	-0.29	-0.46	-0.37	0.48	-0.48	-0.28
XLB	Materials	0.52	0.33	0.61	-0.33	-0.38	-0.54	-0.46	0.54	-0.43	-0.43
XHB	Homebuilders	0.53	0.40	0.66	-0.48	-0.20	-0.74	-0.56	0.29	-0.46	-0.48

63D factor heatmap

Defensive Sectors

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
XLP	Consumer Staples	-0.30	-0.51	-0.25	-0.08	0.00	-0.09	-0.19	-0.26	0.20	-0.10
XLV	Health Care	-0.13	-0.35	0.07	-0.15	-0.03	-0.14	-0.18	-0.00	0.02	-0.15
XLU	Utilities	-0.04	-0.20	0.14	-0.04	-0.07	-0.16	-0.12	0.01	-0.02	-0.21
XLRE	Real Estate	-0.10	-0.34	0.15	-0.08	-0.18	-0.26	-0.30	0.06	0.12	-0.29

63D factor heatmap

Industries / Infrastructure / Housing

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
XTL	Telecom	0.67	0.71	0.72	-0.05	-0.30	-0.31	-0.13	0.39	-0.56	-0.17
SOCL	Social Media	0.56	0.50	0.41	-0.01	-0.35	-0.28	-0.19	0.38	-0.48	-0.24
HERO	Video Games	0.32	0.25	0.18	0.12	-0.40	-0.18	-0.14	0.26	-0.20	-0.05
XES	Oil Services	0.19	0.29	0.22	0.33	-0.18	0.21	0.46	0.20	-0.26	0.24
XOP	Oil E&P	-0.34	-0.26	-0.35	0.39	0.07	0.54	0.77	-0.28	0.16	0.48
OIH	Oil Services	0.21	0.26	0.20	0.32	-0.25	0.15	0.42	0.25	-0.27	0.20
CRAK	Refiners	0.04	0.07	-0.01	0.27	-0.26	0.24	0.57	0.04	-0.08	0.21
FCG	Natural Gas Equities	-0.36	-0.29	-0.36	0.42	0.08	0.55	0.76	-0.26	0.16	0.44
COAL	Coal	0.28	0.31	0.32	-0.08	-0.33	-0.12	0.23	0.25	-0.22	-0.07
NUKZ	Nuclear	0.77	0.77	0.80	-0.17	-0.44	-0.43	-0.27	0.66	-0.63	-0.32
JETS	Airlines	0.57	0.45	0.65	-0.46	-0.27	-0.69	-0.78	0.43	-0.48	-0.44
PAVE	Infrastructure	0.65	0.62	0.75	-0.30	-0.29	-0.48	-0.33	0.43	-0.50	-0.34
ITA	Aerospace & Defense	0.49	0.35	0.54	-0.37	-0.39	-0.53	-0.46	0.53	-0.34	-0.37
XTN	Transportation	0.53	0.43	0.64	-0.27	-0.21	-0.55	-0.53	0.42	-0.43	-0.43
CARZ	Autos	0.83	0.96	0.78	-0.07	-0.37	-0.35	-0.19	0.58	-0.69	-0.26
ITB	Home Construction	0.42	0.25	0.55	-0.47	-0.17	-0.73	-0.60	0.23	-0.40	-0.48

63D factor heatmap

Financial / Health Care Industries

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
KRE	Regional Banks	0.20	0.03	0.48	-0.14	-0.17	-0.46	-0.46	0.11	-0.20	-0.37
IAK	Insurance	-0.42	-0.60	-0.26	0.03	0.22	0.05	-0.09	-0.24	0.43	0.15
PSP	Private Equity	0.59	0.40	0.61	-0.12	-0.61	-0.43	-0.36	0.52	-0.49	-0.31
IYG	Financial Services	0.39	0.11	0.39	-0.11	-0.31	-0.29	-0.45	0.38	-0.36	-0.17
IAI	Broker Dealers	0.55	0.38	0.44	-0.01	-0.37	-0.19	-0.29	0.55	-0.49	-0.23
XBI	Biotech	0.38	0.37	0.54	-0.29	-0.29	-0.37	-0.33	0.38	-0.32	-0.27
IBB	Biotech Large Cap	0.30	0.20	0.46	-0.30	-0.25	-0.36	-0.32	0.31	-0.26	-0.30
IHF	Health Providers	0.06	-0.10	0.09	-0.08	0.03	-0.05	-0.21	0.09	-0.05	-0.08
IHI	Medical Devices	-0.04	-0.28	-0.00	-0.02	-0.05	-0.15	-0.23	0.03	-0.07	-0.17
IHE	Pharma	-0.02	-0.17	0.23	-0.20	-0.11	-0.25	-0.22	0.09	-0.04	-0.22

63D factor heatmap

Rates / Credit

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
STIP	Short TIPS	0.35	0.31	0.28	-0.11	-0.48	-0.37	0.10	0.36	-0.31	-0.39
SHY	1-3Y Treasury	0.49	0.39	0.58	-0.40	-0.59	-0.75	-0.44	0.53	-0.50	-0.67
TIP	TIPS	0.50	0.42	0.53	-0.51	-0.48	-0.75	-0.28	0.41	-0.39	-0.60
IEF	7-10Y Treasury	0.53	0.41	0.67	-0.67	-0.44	-0.93	-0.59	0.44	-0.44	-0.66
TLT	20Y Treasury	0.43	0.34	0.58	-0.80	-0.20	-0.86	-0.56	0.25	-0.31	-0.53
AGG	Aggregate Bonds	0.58	0.46	0.70	-0.64	-0.46	-0.89	-0.58	0.47	-0.49	-0.65
CWB	Convertibles	0.81	0.87	0.71	-0.13	-0.32	-0.28	-0.16	0.54	-0.63	-0.21
EMLC	EM Local Debt	0.77	0.64	0.69	-0.25	-0.70	-0.64	-0.51	0.73	-0.65	-0.51
EMB	EM USD Debt	0.76	0.62	0.79	-0.50	-0.47	-0.81	-0.61	0.59	-0.61	-0.62
HYG	High Yield	0.78	0.68	0.82	-0.24	-0.56	-0.70	-0.49	0.61	-0.66	-0.60
LQD	IG Credit	0.59	0.49	0.72	-0.75	-0.44	-0.86	-0.57	0.44	-0.46	-0.63
BKLN	Bank Loans	0.49	0.43	0.39	0.02	-0.23	-0.20	-0.09	0.35	-0.51	-0.01
MBB	MBS	0.58	0.48	0.69	-0.64	-0.46	-0.89	-0.60	0.48	-0.45	-0.67
PFF	Preferreds	0.79	0.70	0.64	-0.28	-0.50	-0.55	-0.38	0.61	-0.67	-0.48

63D factor heatmap

Metals / Miners

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
XME	Metals & Mining	0.70	0.71	0.76	-0.20	-0.48	-0.41	-0.19	0.69	-0.59	-0.31
COPX	Copper Miners	0.75	0.75	0.70	-0.06	-0.55	-0.40	-0.19	0.79	-0.64	-0.40
HAP	Hard Assets	0.57	0.51	0.56	0.04	-0.57	-0.21	0.11	0.63	-0.51	-0.19
WOOD	Timber	0.59	0.43	0.59	-0.31	-0.47	-0.64	-0.54	0.55	-0.52	-0.45
GDX	Gold Miners	0.68	0.62	0.65	-0.11	-0.63	-0.44	-0.31	0.89	-0.58	-0.40
GDXJ	Junior Gold Miners	-0.02	-0.08	0.01	0.09	0.06	0.06	0.45	-0.18	0.04	0.26
SIL	Silver Miners	0.70	0.64	0.65	-0.11	-0.61	-0.43	-0.30	0.87	-0.59	-0.40
SILJ	Junior Silver Miners	0.71	0.67	0.67	-0.11	-0.59	-0.42	-0.28	0.86	-0.59	-0.40
URNM	Uranium Miners	0.64	0.64	0.64	-0.11	-0.47	-0.34	-0.21	0.68	-0.56	-0.29

63D factor heatmap

International Equity

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
EWA	Australia	0.64	0.52	0.66	-0.22	-0.70	-0.57	-0.33	0.63	-0.60	-0.38
EWZ	Brazil	0.48	0.40	0.58	-0.09	-0.54	-0.37	-0.28	0.54	-0.47	-0.25
FXI	China Large Cap	0.32	0.26	0.25	0.18	-0.43	-0.11	-0.07	0.30	-0.20	-0.17
EEM	Emerging Markets	0.81	0.91	0.78	-0.12	-0.39	-0.40	-0.23	0.58	-0.68	-0.31
EZU	Eurozone	0.79	0.73	0.78	-0.17	-0.61	-0.56	-0.39	0.70	-0.64	-0.41
INDA	India	0.57	0.45	0.65	-0.30	-0.38	-0.60	-0.65	0.48	-0.52	-0.35
DXJ	Japan Hedged	0.65	0.68	0.58	-0.00	-0.20	-0.20	-0.25	0.58	-0.59	-0.27
EWU	United Kingdom	0.50	0.31	0.54	-0.11	-0.69	-0.47	-0.31	0.58	-0.43	-0.39

63D factor heatmap

Commodities / Crypto / USD

Cells show current 63D return correlation. Positive values mean the ETF has recently moved with the factor; negative values mean inverse factor sensitivity.

Ticker	Name	SPY	QQQ	IWM	HYG/LQD	USD	10Y	Oil	Gold	VIX	MOVE
DBA	Agriculture	0.09	0.09	0.03	0.13	-0.07	0.05	0.18	0.10	-0.07	-0.03
DBB	Base Metals	0.55	0.55	0.60	0.07	-0.40	-0.25	-0.01	0.65	-0.45	-0.25
BTC-USD	Bitcoin	0.41	0.35	0.35	0.03	-0.39	-0.13	-0.14	0.50	-0.38	-0.29
DBC	Commodities	-0.19	-0.08	-0.30	0.46	0.02	0.48	0.89	-0.06	0.13	0.31
GSG	Commodities	-0.24	-0.11	-0.34	0.47	0.10	0.52	0.91	-0.15	0.18	0.35
USO	Oil	-0.35	-0.22	-0.45	0.46	0.20	0.58	0.95	-0.29	0.29	0.39
GLD	Gold	0.65	0.59	0.58	-0.04	-0.60	-0.39	-0.30	n/a	-0.62	-0.39
SLV	Silver	0.63	0.60	0.57	0.04	-0.56	-0.31	-0.20	0.85	-0.52	-0.35
URA	Uranium	0.73	0.72	0.73	-0.13	-0.49	-0.40	-0.26	0.71	-0.63	-0.33
PLTM	Platinum	0.56	0.44	0.55	-0.01	-0.65	-0.35	-0.27	0.83	-0.48	-0.38
PALL	Palladium	0.59	0.50	0.56	-0.03	-0.66	-0.34	-0.28	0.75	-0.50	-0.27
CPER	Copper	0.70	0.67	0.68	0.02	-0.49	-0.36	-0.13	0.72	-0.58	-0.28
UUP	US Dollar	-0.48	-0.39	-0.42	0.12	0.96	0.42	0.18	-0.63	0.46	0.40

Moving-average tail appendix

50DMA And 200DMA Current-Deviation Studies

These appendix charts answer whether each ETF is unusually stretched or depressed versus its own moving averages. Tail frequency still uses the latest deviation as the rarity threshold; forward returns and spell survival use the latest deviation's historical decile so the comparison set is stable and easier to audit.

Current-deviation tail table

Core Index Beta

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
SPY	S&P 500	-0.3%	3	24.3%	1	1.0	2.0	3.0	0.9%	2.1%	65.6%	-5.4%	407	3.9%	78.2%	6.6%	77.8%	14.6%	91.2%
QQQ	Nasdaq 100	-4.4%	1	8.9%	5	2.0	7.0	13.7	3.1%	2.9%	67.7%	-6.2%	408	7.9%	75.5%	14.0%	79.8%	25.5%	89.3%
IWM	Russell 2000	0.2%	4	63.9%	1	1.0	2.0	3.0	1.3%	2.2%	65.8%	-6.5%	410	2.1%	62.7%	4.3%	65.5%	8.0%	67.2%
OEF	S&P 100	-0.5%	3	23.4%	1	1.0	2.0	3.7	1.1%	2.0%	69.0%	-4.9%	410	4.3%	80.8%	7.3%	80.2%	15.5%	92.3%
RSP	Equal Weight S&P	2.2%	6	43.5%	1	1.0	2.0	3.0	0.4%	0.9%	61.9%	-3.8%	409	1.7%	71.9%	4.8%	73.9%	10.9%	80.3%
XLG	Mega Cap	-2.4%	2	13.7%	1	2.0	3.0	5.0	2.1%	3.0%	69.3%	-4.8%	401	5.3%	80.2%	10.3%	86.8%	17.9%	91.0%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
SPY	S&P 500	6.4%	5	50.9%	1	2.0	3.0	5.0	1.4%	2.1%	71.8%	-3.2%	400	4.2%	83.9%	6.3%	77.8%	13.4%	86.9%
QQQ	Nasdaq 100	6.2%	4	63.0%	1	2.0	3.0	5.0	2.3%	3.2%	78.8%	-4.0%	401	6.1%	80.3%	8.9%	78.9%	19.7%	90.3%
IWM	Russell 2000	10.5%	8	21.2%	2	2.0	3.0	5.0	0.3%	0.2%	51.5%	-4.7%	402	1.6%	60.1%	5.0%	70.9%	8.9%	73.4%
OEF	S&P 100	5.7%	5	57.1%	1	2.0	3.0	5.0	1.8%	2.1%	77.1%	-2.1%	401	5.0%	88.7%	7.4%	84.6%	15.3%	91.3%
RSP	Equal Weight S&P	8.7%	8	21.4%	1	2.0	3.0	5.0	-0.0%	0.8%	61.7%	-4.6%	394	-0.2%	59.9%	4.5%	78.3%	10.6%	84.9%
XLG	Mega Cap	1.6%	2	80.1%	5	2.0	6.0	8.0	1.4%	3.0%	67.5%	-6.4%	400	5.2%	78.1%	10.2%	84.7%	17.6%	90.3%

Current-deviation tail table

Style / Market Structure

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
MAGS	Magnificent 7	-3.5%	2	14.4%	1	2.0	3.0	4.0	2.6%	3.0%	58.7%	-5.7%	75	13.4%	95.6%	24.8%	97.7%	46.7%	100.0%
XMAG	Ex-Mag 7	0.1%	3	76.6%	1	1.0	2.0	3.8	1.2%	2.1%	71.4%	-3.3%	35	3.2%	71.4%	8.6%	100.0%	14.9%	100.0%
VO	Mid Cap	1.6%	5	51.5%	2	1.0	2.0	3.0	0.8%	1.7%	70.2%	-4.7%	406	1.7%	69.4%	3.4%	69.8%	8.9%	79.8%
IWF	Growth	-3.9%	1	9.6%	5	3.0	6.0	16.2	2.8%	2.3%	64.0%	-6.0%	408	7.5%	76.5%	14.0%	80.4%	21.9%	88.4%
IWD	Value	3.3%	8	23.9%	2	1.0	2.0	3.0	0.7%	1.1%	62.6%	-3.6%	406	1.7%	68.6%	4.5%	77.8%	9.7%	78.1%
SPXT	Ex-Tech S&P	0.4%	4	68.2%	2	1.0	2.0	4.0	1.1%	1.6%	72.1%	-3.6%	265	3.4%	84.4%	5.6%	84.6%	10.4%	84.9%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
MAGS	Magnificent 7	-1.3%	2	10.6%	1	2.5	5.8	8.9	0.6%	0.1%	50.8%	-9.0%	59	12.5%	100.0%	28.3%	100.0%	46.1%	100.0%
XMAG	Ex-Mag 7	8.2%	8	22.5%	1	1.0	1.2	2.0	1.0%	1.0%	78.1%	-2.1%	32	1.6%	77.8%	8.5%	100.0%	n/a	n/a
VO	Mid Cap	7.9%	8	28.8%	1	2.0	3.0	5.0	0.1%	0.3%	55.4%	-3.7%	392	1.1%	65.0%	5.4%	74.0%	11.8%	82.3%
IWF	Growth	-0.2%	2	16.2%	6	3.0	6.0	11.0	0.7%	1.6%	59.4%	-7.5%	399	6.2%	80.7%	11.5%	88.9%	18.8%	92.1%
IWD	Value	13.1%	10	4.9%	34	2.0	5.0	13.8	1.2%	1.7%	70.3%	-2.8%	384	4.4%	85.1%	6.5%	84.1%	11.7%	87.6%
SPXT	Ex-Tech S&P	3.8%	4	62.4%	1	2.0	3.0	5.0	1.8%	2.1%	79.5%	-0.7%	258	4.4%	89.3%	6.5%	84.6%	13.2%	90.6%

Current-deviation tail table

Factors / Risk Appetite

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
SPHB	High Beta	-4.7%	2	12.8%	1	2.0	3.0	5.0	1.8%	2.6%	61.8%	-9.0%	374	6.2%	66.3%	6.6%	69.4%	15.1%	71.3%
MTUM	Momentum	-5.6%	1	5.2%	4	3.0	7.0	14.0	3.4%	3.3%	65.1%	-6.0%	324	7.2%	73.8%	11.7%	81.7%	15.7%	76.1%
QUAL	Quality	1.3%	5	58.1%	1	1.0	2.0	3.0	1.0%	1.7%	71.2%	-3.8%	320	3.3%	78.4%	5.5%	77.7%	12.4%	90.4%
SPHD	High Dividend Low Vol	3.0%	8	23.5%	1	1.0	3.0	4.0	0.4%	0.1%	53.4%	-3.3%	335	1.4%	60.6%	2.7%	67.6%	6.8%	77.3%
SPLV	Low Vol	2.4%	8	29.1%	1	1.0	2.0	3.6	0.3%	0.5%	60.2%	-3.1%	372	1.8%	70.4%	3.7%	76.4%	9.7%	85.8%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
SPHB	High Beta	10.1%	7	30.7%	1	2.0	3.0	5.0	0.8%	0.6%	56.4%	-5.7%	369	2.6%	64.0%	8.5%	73.4%	15.0%	73.1%
MTUM	Momentum	10.1%	8	27.2%	1	2.0	3.0	6.0	1.4%	2.0%	64.7%	-3.5%	320	3.5%	74.4%	8.2%	87.9%	19.7%	89.5%
QUAL	Quality	7.6%	7	31.8%	1	2.0	3.0	5.0	0.2%	0.4%	56.0%	-3.8%	307	3.3%	88.4%	4.8%	77.7%	11.3%	89.3%
SPHD	High Dividend Low Vol	7.5%	8	21.8%	1	2.0	4.0	7.0	0.2%	-0.2%	46.2%	-3.4%	320	1.7%	65.0%	4.0%	72.4%	6.6%	83.6%
SPLV	Low Vol	4.8%	6	48.1%	1	2.0	3.0	5.0	1.1%	1.4%	71.7%	-2.4%	364	2.4%	75.0%	4.6%	82.2%	10.1%	84.2%

Current-deviation tail table

Growth / Tech Leadership

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XLK	Technology	-3.9%	2	10.3%	1	2.0	3.0	4.0	3.0%	3.4%	71.8%	-5.9%	408	8.3%	77.7%	12.7%	85.7%	22.0%	91.6%
SMH	Semiconductors	-9.6%	1	3.6%	5	3.0	6.0	12.4	4.0%	2.6%	63.3%	-8.2%	406	11.0%	77.8%	18.5%	72.8%	41.2%	90.8%
IGV	Software	0.5%	4	64.3%	1	1.0	2.0	3.0	1.9%	2.8%	69.4%	-6.1%	408	4.7%	70.8%	7.6%	78.6%	19.4%	91.3%
CLOU	Cloud	6.5%	9	18.7%	2	2.0	4.0	6.6	-0.8%	0.0%	50.3%	-11.0%	177	-1.2%	40.4%	8.0%	64.3%	12.7%	61.4%
BUG	Cybersecurity	2.1%	6	45.2%	3	1.0	2.0	3.0	1.5%	0.7%	54.3%	-7.3%	162	3.2%	60.9%	4.1%	65.8%	13.0%	71.6%
GRID	Smart Grid	-5.1%	1	9.7%	5	3.0	6.0	13.0	3.7%	3.8%	64.9%	-6.4%	405	8.1%	70.9%	14.9%	86.1%	29.0%	94.0%
AIQ	AI Theme	-6.9%	1	8.1%	6	3.0	9.0	17.2	3.3%	2.1%	57.7%	-7.9%	194	9.1%	67.5%	14.8%	62.4%	29.4%	77.1%
QTUM	Quantum/AI	-8.8%	1	4.5%	7	3.0	6.2	8.1	4.5%	3.5%	64.3%	-6.9%	185	12.4%	74.1%	20.0%	74.2%	40.6%	84.4%
ROBO	Robotics	-5.5%	2	12.5%	1	2.0	4.0	6.0	0.9%	2.1%	59.9%	-9.5%	309	3.7%	67.6%	4.9%	75.3%	8.9%	63.7%
NXTG	5G / Digital Infra	-3.7%	2	13.1%	1	2.0	3.0	5.0	1.4%	2.2%	62.3%	-6.8%	377	4.8%	69.5%	6.1%	66.0%	13.1%	72.7%
PNQI	Internet	2.8%	6	43.8%	3	1.0	2.0	3.0	1.9%	2.5%	66.8%	-5.9%	410	4.3%	65.9%	7.8%	77.0%	17.8%	79.9%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XLK	Technology	13.4%	9	19.7%	1	2.0	4.0	7.8	0.7%	0.7%	53.9%	-5.6%	399	3.0%	66.7%	8.7%	82.2%	11.6%	73.0%
SMH	Semiconductors	20.0%	9	16.6%	1	2.0	5.0	9.0	1.2%	1.4%	59.1%	-7.3%	403	7.1%	73.2%	18.1%	83.6%	29.9%	71.8%
IGV	Software	-1.6%	2	17.6%	5	3.0	6.5	9.8	2.7%	3.8%	66.0%	-7.3%	385	9.9%	86.9%	15.3%	88.0%	22.9%	89.6%
CLOU	Cloud	13.7%	8	20.1%	4	2.5	4.0	8.7	-1.9%	-1.4%	45.6%	-12.2%	158	-4.5%	39.6%	-3.6%	46.1%	-2.5%	45.5%
BUG	Cybersecurity	20.1%	9	10.5%	3	2.0	5.0	7.4	1.7%	1.4%	56.2%	-8.6%	153	4.8%	59.7%	7.4%	64.4%	14.5%	66.4%
GRID	Smart Grid	3.8%	5	59.2%	1	2.0	3.0	6.0	2.0%	2.9%	67.0%	-5.4%	397	3.6%	68.8%	6.4%	73.1%	10.2%	63.7%
AIQ	AI Theme	7.9%	5	57.1%	1	2.0	3.0	5.0	3.3%	3.7%	79.6%	-2.8%	191	6.1%	83.2%	8.6%	74.6%	17.4%	68.1%
QTUM	Quantum/AI	11.9%	6	46.3%	1	2.0	3.0	5.0	1.8%	1.8%	61.8%	-6.7%	183	6.7%	75.4%	11.6%	74.7%	27.0%	75.4%
ROBO	Robotics	4.2%	6	48.3%	1	2.0	4.0	7.0	-0.1%	-0.2%	48.3%	-6.5%	302	-0.4%	43.7%	-1.1%	44.8%	5.5%	53.1%
NXTG	5G / Digital Infra	17.8%	10	3.7%	77	2.0	5.5	16.0	1.4%	0.8%	57.0%	-4.7%	356	6.0%	85.4%	11.2%	99.3%	14.4%	94.8%
PNQI	Internet	-2.3%	2	17.7%	21	3.0	6.0	13.1	2.5%	2.9%	63.3%	-6.5%	384	8.7%	79.7%	12.9%	92.4%	22.9%	94.5%

Current-deviation tail table

Thematic / Speculative Growth

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
PINK	Health Innovators	3.4%	8	28.4%	3	1.0	2.0	3.4	0.1%	-0.3%	46.4%	-5.2%	112	1.4%	53.8%	3.6%	56.7%	8.3%	58.0%
ARKK	Speculative Tech	-6.0%	2	18.9%	5	2.0	3.0	5.0	0.3%	1.0%	53.7%	-13.1%	287	5.7%	71.4%	6.5%	65.2%	15.6%	72.2%
UFO	Space	-14.5%	1	2.8%	18	3.5	8.0	11.5	2.3%	2.5%	61.1%	-8.6%	162	12.7%	78.1%	16.7%	55.5%	30.1%	56.6%
PEJ	Leisure	3.6%	8	29.0%	1	1.5	3.0	4.0	0.2%	0.0%	49.9%	-5.7%	407	-0.2%	55.4%	3.4%	65.7%	8.4%	73.7%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
PINK	Health Innovators	9.7%	8	21.9%	2	2.0	3.0	5.3	2.5%	2.8%	76.5%	-2.3%	98	4.3%	77.0%	3.2%	65.8%	-1.3%	24.3%
ARKK	Speculative Tech	-5.8%	2	19.2%	5	2.0	5.8	10.0	7.1%	8.3%	82.0%	-9.5%	278	13.7%	78.7%	14.8%	74.6%	26.1%	77.8%
UFO	Space	-3.2%	4	37.6%	11	3.0	5.0	8.0	0.8%	0.2%	50.9%	-7.9%	161	0.5%	42.9%	5.3%	42.2%	20.5%	60.2%
PEJ	Leisure	10.0%	8	24.3%	1	2.0	3.8	6.9	1.1%	0.7%	56.3%	-4.3%	396	1.3%	57.4%	4.2%	68.0%	12.7%	79.9%

Current-deviation tail table

Cyclical Sectors

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XLY	Consumer Discretionary	-3.1%	2	12.8%	3	2.0	3.0	5.0	1.4%	2.2%	65.5%	-6.4%	406	5.2%	85.2%	10.5%	91.5%	18.2%	93.0%
XLC	Communication Services	-3.9%	2	12.7%	1	2.0	3.0	5.0	-0.1%	0.0%	50.0%	-8.2%	194	-0.6%	44.6%	1.6%	53.8%	7.9%	72.0%
XLE	Energy	4.3%	8	25.9%	2	1.0	3.0	4.0	-0.2%	0.3%	51.1%	-8.8%	409	-1.9%	41.1%	0.1%	49.6%	4.9%	58.2%
XLF	Financials	5.6%	9	12.3%	2	2.0	4.0	5.1	0.6%	0.9%	57.5%	-4.4%	402	1.5%	65.6%	3.6%	71.1%	10.6%	66.8%
XLI	Industrials	0.2%	4	66.5%	1	1.0	2.0	3.6	0.7%	1.0%	60.9%	-4.2%	412	2.8%	67.0%	6.0%	71.0%	11.5%	78.1%
XLB	Materials	1.3%	6	49.9%	2	1.0	2.0	3.0	0.5%	0.6%	56.6%	-4.2%	410	1.6%	62.5%	3.8%	70.3%	7.6%	66.4%
XHB	Homebuilders	-2.4%	3	23.0%	2	1.0	2.0	3.0	0.7%	1.7%	62.6%	-8.6%	412	2.3%	64.5%	5.8%	63.2%	12.9%	74.7%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XLY	Consumer Discretionary	-3.7%	2	10.1%	1	2.5	5.0	7.7	1.3%	2.3%	64.7%	-6.8%	388	6.7%	85.4%	12.5%	88.5%	17.2%	89.0%
XLC	Communication Services	-6.4%	2	15.5%	8	3.0	10.2	15.0	0.6%	1.7%	57.1%	-11.2%	177	1.1%	54.9%	3.5%	55.3%	13.8%	60.2%
XLE	Energy	13.5%	9	14.8%	11	2.5	6.0	12.0	0.2%	-1.2%	42.9%	-6.7%	392	5.0%	54.8%	6.9%	55.1%	9.2%	49.9%
XLF	Financials	8.6%	7	30.5%	2	2.0	4.0	6.0	0.2%	-0.0%	49.4%	-4.6%	391	2.5%	73.9%	4.7%	77.0%	10.4%	77.3%
XLI	Industrials	7.2%	6	44.3%	1	1.0	3.0	4.0	0.6%	1.1%	58.3%	-4.1%	403	2.0%	67.3%	5.1%	78.5%	11.9%	77.6%
XLB	Materials	6.3%	7	38.8%	2	1.5	2.2	4.7	-0.1%	0.3%	53.1%	-4.6%	401	0.4%	62.6%	2.2%	64.4%	7.5%	70.7%
XHB	Homebuilders	-1.9%	3	24.4%	2	2.0	4.0	8.0	0.4%	0.5%	55.0%	-7.4%	400	2.6%	60.1%	5.9%	60.4%	13.2%	78.0%

Current-deviation tail table

Defensive Sectors

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XLP	Consumer Staples	1.7%	6	42.4%	1	1.0	2.0	3.0	0.8%	1.0%	65.5%	-2.9%	409	2.8%	77.0%	5.3%	79.0%	11.0%	92.9%
XLV	Health Care	5.0%	10	9.0%	6	2.0	4.0	9.0	0.2%	0.5%	55.8%	-3.4%	398	1.1%	66.9%	4.5%	70.7%	12.3%	84.7%
XLU	Utilities	-0.4%	3	29.7%	1	1.0	2.0	4.0	2.0%	2.2%	75.8%	-2.9%	413	3.6%	72.7%	7.1%	80.4%	13.6%	90.8%
XLRE	Real Estate	1.8%	6	41.3%	1	1.0	2.0	3.0	0.5%	0.7%	58.2%	-4.3%	263	1.8%	65.9%	3.2%	66.1%	8.3%	72.8%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XLP	Consumer Staples	5.0%	6	44.5%	1	1.0	2.5	4.0	0.6%	1.0%	65.0%	-3.3%	397	2.6%	72.2%	4.7%	76.3%	8.2%	82.2%
XLV	Health Care	8.1%	7	31.9%	1	2.0	3.0	5.0	1.1%	1.6%	69.2%	-3.0%	396	2.8%	70.8%	5.3%	66.8%	14.5%	82.6%
XLU	Utilities	0.6%	3	76.0%	2	2.0	3.0	5.0	1.1%	1.1%	60.2%	-4.6%	400	3.8%	69.2%	7.2%	77.5%	12.4%	85.4%
XLRE	Real Estate	7.7%	8	23.4%	1	2.0	3.0	5.0	-0.1%	0.2%	51.4%	-6.4%	249	2.1%	66.2%	5.6%	64.7%	6.9%	70.5%

Current-deviation tail table

Industries / Infrastructure / Housing

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XTL	Telecom	-7.5%	1	5.0%	6	3.0	8.0	15.0	3.4%	3.3%	67.3%	-5.7%	376	9.3%	77.4%	14.0%	80.0%	24.2%	68.5%
SOCL	Social Media	1.5%	6	49.4%	1	1.0	2.0	3.0	1.2%	2.5%	61.5%	-8.4%	361	3.8%	60.3%	7.9%	63.6%	17.1%	65.8%
HERO	Video Games	7.9%	9	11.0%	2	2.0	3.0	5.0	0.9%	1.0%	54.9%	-8.2%	164	6.1%	78.0%	15.4%	82.3%	24.4%	73.0%
XES	Oil Services	-7.3%	3	21.4%	1	2.0	3.0	5.0	-0.2%	-0.7%	47.2%	-16.7%	405	-0.1%	45.4%	-2.2%	45.4%	-2.2%	46.1%
XOP	Oil E&P	6.6%	8	21.3%	2	1.0	2.2	4.0	0.6%	0.3%	51.2%	-9.4%	410	-0.2%	46.9%	-0.3%	51.9%	0.8%	51.8%
OIH	Oil Services	-5.7%	3	24.3%	1	2.0	3.0	4.0	0.9%	0.5%	52.4%	-12.6%	408	0.6%	44.7%	-1.6%	42.3%	-1.2%	41.8%
CRAK	Refiners	12.5%	10	2.2%	13	1.0	4.0	12.0	0.4%	-0.1%	48.9%	-7.8%	260	3.2%	61.8%	5.5%	58.5%	15.2%	75.4%
FCG	Natural Gas Equities	2.3%	7	38.6%	1	1.0	2.0	3.0	-1.1%	-0.9%	41.7%	-10.4%	410	-2.3%	40.9%	-4.0%	46.0%	-5.0%	46.2%
COAL	Coal	-5.6%	3	23.4%	1	2.0	3.0	4.0	-1.3%	-1.0%	47.2%	-11.0%	53	1.6%	59.5%	3.4%	48.7%	11.4%	52.9%
NUKZ	Nuclear	-5.5%	2	12.1%	1	2.0	2.0	4.0	6.3%	4.1%	64.7%	-6.0%	51	17.1%	83.7%	32.1%	100.0%	77.1%	100.0%
JETS	Airlines	4.7%	8	27.8%	1	2.0	3.0	4.0	-0.4%	-0.2%	49.3%	-9.7%	276	-2.0%	38.7%	-3.0%	36.7%	1.8%	52.8%
PAVE	Infrastructure	-1.4%	3	25.5%	1	1.0	2.0	4.0	1.7%	1.8%	64.3%	-5.8%	227	5.3%	73.6%	9.3%	84.8%	14.8%	75.4%
ITA	Aerospace & Defense	1.4%	5	56.3%	1	1.0	2.0	3.0	1.2%	2.0%	65.7%	-4.2%	411	2.5%	70.0%	7.4%	75.0%	15.2%	80.1%
XTN	Transportation	-3.3%	2	17.4%	1	2.0	3.0	5.0	1.5%	1.3%	60.9%	-6.8%	386	2.3%	63.2%	4.4%	63.9%	4.5%	53.4%
CARZ	Autos	-8.5%	1	5.5%	6	2.0	4.8	10.0	3.4%	3.2%	66.2%	-7.3%	370	7.6%	69.5%	14.0%	74.7%	28.6%	80.2%
ITB	Home Construction	-1.1%	4	31.8%	2	1.0	2.0	4.0	0.8%	0.8%	53.9%	-8.1%	408	1.4%	55.6%	3.0%	52.8%	12.1%	68.6%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XTL	Telecom	10.5%	8	21.8%	2	3.0	6.0	8.4	0.1%	0.3%	52.9%	-5.2%	376	2.6%	60.9%	7.5%	73.4%	14.3%	81.6%
SOCL	Social Media	-7.9%	2	18.8%	21	3.5	8.0	13.0	2.1%	1.8%	59.4%	-8.2%	337	5.7%	63.9%	9.2%	80.2%	23.1%	87.2%
HERO	Video Games	-2.5%	4	34.4%	2	3.0	7.0	10.8	-0.6%	-0.8%	46.8%	-7.9%	156	-1.3%	55.1%	-3.8%	49.4%	-0.4%	61.8%
XES	Oil Services	4.4%	7	38.2%	1	2.0	4.0	6.4	1.1%	0.9%	53.6%	-7.8%	401	1.8%	57.6%	2.5%	55.6%	-11.2%	37.1%
XOP	Oil E&P	16.4%	9	14.8%	2	2.0	5.0	14.6	-0.1%	-1.1%	43.8%	-10.6%	397	4.2%	56.0%	-2.2%	45.2%	-7.6%	29.9%
OIH	Oil Services	4.6%	7	36.9%	1	2.0	5.0	7.0	-0.0%	0.1%	51.6%	-9.7%	395	2.2%	62.2%	6.5%	70.0%	-6.3%	39.6%
CRAK	Refiners	25.1%	10	3.0%	13	4.5	14.0	28.5	0.6%	1.0%	55.8%	-7.1%	251	4.3%	70.8%	9.5%	73.7%	3.5%	62.4%
FCG	Natural Gas Equities	7.9%	8	27.7%	2	2.5	4.0	7.3	0.7%	0.1%	50.6%	-8.6%	399	1.2%	44.8%	-1.0%	45.6%	-13.6%	22.9%
COAL	Coal	-5.8%	4	34.6%	5	2.0	5.0	7.8	-1.5%	-0.8%	47.1%	-11.4%	34	5.0%	75.9%	-9.4%	13.8%	-0.5%	34.5%
NUKZ	Nuclear	-7.0%	1	1.8%	24	2.0	2.8	10.5	11.5%	14.0%	76.7%	-6.5%	30	47.8%	100.0%	74.8%	100.0%	89.7%	100.0%
JETS	Airlines	14.8%	9	14.7%	4	2.5	6.0	10.0	-0.9%	-0.2%	49.6%	-10.3%	258	-3.8%	33.3%	1.0%	56.4%	1.8%	54.3%
PAVE	Infrastructure	6.8%	6	48.1%	1	2.0	3.0	5.0	-0.1%	1.3%	59.5%	-8.1%	217	2.1%	66.7%	3.6%	62.6%	15.2%	68.1%
ITA	Aerospace & Defense	5.7%	5	57.1%	1	2.0	3.0	5.0	0.8%	1.6%	67.7%	-4.4%	399	0.2%	61.7%	3.0%	62.1%	11.2%	78.1%
XTN	Transportation	10.2%	8	26.6%	2	2.0	4.0	8.0	1.2%	0.8%	55.9%	-5.7%	376	3.6%	63.4%	8.3%	72.3%	11.5%	65.8%
CARZ	Autos	12.2%	8	21.7%	1	2.0	4.8	8.3	1.2%	0.1%	51.5%	-5.9%	367	4.0%	58.0%	6.5%	64.4%	6.7%	48.3%
ITB	Home Construction	-3.3%	3	23.8%	2	2.0	5.0	7.0	0.5%	1.8%	60.5%	-10.4%	390	2.6%	61.9%	5.0%	66.4%	15.7%	74.9%

Current-deviation tail table

Financial / Health Care Industries

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
KRE	Regional Banks	4.1%	8	29.0%	2	1.0	2.0	4.0	0.4%	0.8%	56.1%	-7.0%	408	2.3%	61.4%	5.5%	69.2%	8.8%	64.5%
IAK	Insurance	6.0%	10	8.0%	5	2.0	6.0	12.0	0.7%	1.3%	64.7%	-4.5%	397	3.5%	74.6%	8.2%	78.4%	17.4%	96.7%
PSP	Private Equity	3.8%	8	27.5%	1	1.0	2.0	3.0	0.5%	0.9%	59.8%	-4.6%	413	1.4%	70.8%	2.9%	67.0%	4.3%	56.5%
IYG	Financial Services	4.9%	8	20.4%	2	1.0	2.0	3.0	0.6%	0.7%	57.1%	-5.1%	406	2.2%	68.2%	6.4%	79.8%	12.7%	73.2%
IAI	Broker Dealers	1.6%	5	52.9%	1	1.0	2.0	3.0	2.0%	2.5%	68.9%	-4.8%	412	5.3%	74.9%	8.6%	66.7%	17.0%	64.8%
XBI	Biotech	4.5%	7	33.9%	1	1.0	2.0	3.0	1.4%	1.1%	59.0%	-7.8%	410	4.9%	66.2%	10.6%	72.7%	17.8%	71.6%
IBB	Biotech Large Cap	5.2%	8	22.1%	2	1.0	2.0	3.0	1.3%	1.1%	62.0%	-4.7%	408	3.7%	62.4%	9.3%	74.2%	13.6%	73.8%
IHF	Health Providers	4.8%	9	18.5%	2	2.0	3.0	5.0	0.5%	1.6%	61.0%	-4.7%	408	2.9%	65.4%	4.8%	61.9%	10.2%	73.2%
IHI	Medical Devices	5.0%	9	15.8%	1	2.0	2.0	4.0	0.4%	0.9%	60.0%	-5.1%	410	1.2%	60.2%	4.8%	74.2%	11.6%	82.8%
IHE	Pharma	6.3%	10	6.5%	8	2.0	6.0	14.0	0.7%	0.8%	59.1%	-3.5%	394	1.0%	59.0%	4.8%	66.8%	10.9%	81.6%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
KRE	Regional Banks	12.9%	9	16.0%	10	2.0	5.0	11.0	-0.0%	0.4%	52.3%	-6.7%	386	0.9%	55.8%	2.2%	62.2%	6.9%	69.5%
IAK	Insurance	11.4%	9	17.6%	1	3.0	7.0	10.3	0.9%	1.3%	62.6%	-4.9%	393	3.1%	63.9%	5.8%	86.0%	10.6%	80.2%
PSP	Private Equity	-1.5%	3	26.1%	4	2.0	4.0	10.3	0.3%	1.0%	56.0%	-6.7%	400	2.0%	61.6%	6.2%	69.8%	12.8%	79.3%
IYG	Financial Services	7.9%	7	38.5%	1	2.0	3.5	6.0	1.2%	1.1%	58.5%	-4.4%	400	3.4%	67.0%	4.4%	67.2%	10.4%	69.0%
IAI	Broker Dealers	5.8%	5	50.7%	2	2.0	4.0	7.0	0.7%	1.4%	61.0%	-8.3%	400	2.9%	67.9%	7.0%	65.5%	13.5%	67.3%
XBI	Biotech	17.8%	9	17.6%	1	3.0	5.0	9.0	0.8%	0.6%	54.7%	-7.7%	395	4.6%	67.4%	9.5%	77.9%	12.0%	79.7%
IBB	Biotech Large Cap	10.9%	8	28.4%	1	2.0	4.0	7.0	0.2%	0.7%	58.3%	-8.1%	396	2.7%	61.4%	9.3%	77.2%	21.3%	83.9%
IHF	Health Providers	16.3%	10	5.1%	24	2.0	9.5	28.8	0.4%	1.4%	59.9%	-3.4%	384	0.4%	65.9%	-0.2%	50.4%	6.6%	63.2%
IHI	Medical Devices	-6.2%	2	10.5%	3	3.0	6.0	13.0	0.4%	1.2%	55.7%	-7.9%	402	2.5%	64.9%	9.0%	79.0%	13.5%	75.7%
IHE	Pharma	17.3%	10	3.5%	26	2.0	6.0	13.6	0.4%	0.4%	55.2%	-4.4%	384	2.3%	70.0%	5.1%	72.6%	8.6%	67.0%

Current-deviation tail table

Rates / Credit

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
STIP	Short TIPS	0.1%	4	60.3%	2	1.0	2.0	3.0	0.2%	0.2%	69.3%	-0.4%	384	0.4%	69.4%	0.6%	73.4%	1.6%	74.6%
SHY	1-3Y Treasury	0.2%	8	29.1%	1	2.0	3.0	5.0	0.2%	0.2%	63.2%	-0.2%	408	0.7%	81.3%	1.1%	83.8%	2.3%	93.0%
TIP	TIPS	-0.4%	3	23.8%	3	1.0	2.0	4.0	0.1%	0.3%	59.4%	-1.5%	399	0.7%	69.0%	1.2%	73.0%	2.7%	74.7%
IEF	7-10Y Treasury	-0.5%	3	29.1%	2	1.0	2.0	4.0	-0.0%	0.0%	52.6%	-2.3%	407	0.3%	56.5%	1.1%	55.1%	1.9%	55.5%
TLT	20Y Treasury	-2.3%	3	20.6%	2	1.0	2.0	3.0	0.2%	0.3%	53.4%	-4.0%	408	0.5%	56.4%	1.9%	54.5%	4.0%	58.8%
AGG	Aggregate Bonds	-0.7%	2	15.3%	2	2.0	3.5	6.0	-0.0%	0.2%	57.8%	-1.8%	405	0.4%	61.9%	1.2%	69.0%	2.9%	80.3%
CWB	Convertibles	-3.8%	1	7.2%	5	4.0	9.0	19.2	2.1%	2.0%	65.9%	-4.4%	405	4.7%	73.6%	8.4%	73.5%	13.9%	75.3%
EMLC	EM Local Debt	0.5%	6	47.5%	1	1.0	2.0	3.0	0.3%	1.0%	62.6%	-3.9%	393	0.2%	57.7%	0.2%	62.1%	0.3%	53.1%
EMB	EM USD Debt	-0.9%	3	21.6%	1	2.0	3.0	5.0	0.3%	0.5%	57.8%	-2.5%	408	1.6%	71.5%	2.3%	72.3%	6.6%	81.4%
HYG	High Yield	-0.0%	3	28.1%	6	1.0	2.0	4.0	0.5%	0.9%	70.8%	-1.6%	408	1.1%	69.3%	1.9%	74.2%	3.3%	68.7%
LQD	IG Credit	-1.4%	2	13.0%	9	2.0	4.0	6.0	0.0%	0.4%	61.0%	-2.7%	403	0.9%	63.1%	1.9%	64.4%	5.0%	84.8%
BKLN	Bank Loans	-0.0%	3	24.8%	9	2.0	3.0	5.0	-0.2%	0.4%	69.1%	-1.4%	375	0.6%	78.7%	1.1%	75.5%	2.5%	80.9%
MBB	MBS	-0.5%	2	16.0%	2	2.0	3.0	6.0	0.1%	0.2%	58.0%	-1.3%	407	0.4%	65.8%	0.9%	70.5%	1.9%	74.1%
PFF	Preferreds	-0.8%	2	19.8%	18	2.0	4.0	6.0	-0.3%	0.1%	52.0%	-4.3%	394	1.0%	63.9%	3.4%	78.0%	6.3%	82.6%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
STIP	Short TIPS	1.0%	6	45.6%	2	2.0	5.0	9.4	0.1%	0.1%	62.5%	-0.5%	363	0.4%	67.0%	0.8%	80.7%	1.7%	79.5%
SHY	1-3Y Treasury	0.6%	7	36.7%	3	2.0	6.0	12.7	0.1%	0.1%	62.3%	-0.2%	390	0.4%	78.4%	0.8%	80.6%	1.6%	86.3%
TIP	TIPS	-0.2%	3	25.7%	9	2.0	4.0	6.0	0.3%	0.4%	67.9%	-1.2%	393	0.4%	64.2%	0.8%	64.7%	2.2%	76.8%
IEF	7-10Y Treasury	-1.1%	3	23.1%	9	3.0	5.0	8.0	0.2%	0.5%	59.0%	-1.6%	388	0.6%	61.0%	1.3%	62.3%	3.6%	63.9%
TLT	20Y Treasury	-3.6%	3	23.1%	2	2.0	4.0	7.0	0.6%	0.7%	57.3%	-3.2%	396	0.6%	67.3%	2.2%	62.4%	6.8%	69.6%
AGG	Aggregate Bonds	-0.8%	2	16.7%	9	2.0	6.0	13.0	0.2%	0.3%	64.3%	-1.5%	395	0.8%	77.7%	1.5%	84.5%	2.9%	84.0%
CWB	Convertibles	5.3%	6	42.8%	1	2.0	3.0	6.0	1.0%	1.1%	65.2%	-2.7%	402	1.8%	67.9%	4.6%	82.0%	10.7%	84.2%
EMLC	EM Local Debt	1.2%	5	52.0%	4	2.0	5.0	7.0	0.9%	1.4%	70.0%	-1.9%	376	2.6%	80.8%	2.4%	72.1%	2.8%	68.4%
EMB	EM USD Debt	0.2%	3	70.8%	2	2.0	5.0	8.0	0.5%	0.5%	59.1%	-2.3%	401	0.6%	61.1%	0.9%	60.7%	3.2%	71.0%
HYG	High Yield	1.1%	3	71.1%	6	2.0	5.0	8.0	0.3%	0.3%	56.4%	-1.6%	399	0.9%	65.7%	0.7%	65.8%	3.2%	62.9%
LQD	IG Credit	-1.5%	2	15.7%	8	2.0	5.0	9.4	0.4%	0.5%	62.6%	-1.8%	396	1.8%	79.2%	3.1%	83.3%	6.5%	87.3%
BKLN	Bank Loans	0.3%	2	81.0%	2	2.0	7.0	12.8	0.0%	0.4%	60.6%	-2.0%	360	0.7%	58.9%	1.2%	66.0%	3.2%	69.8%
MBB	MBS	-0.3%	3	21.7%	4	2.0	4.0	7.0	0.2%	0.2%	60.5%	-0.8%	397	0.3%	52.3%	0.2%	52.5%	0.3%	61.7%
PFF	Preferreds	-0.4%	3	24.0%	1	3.0	5.0	10.0	-0.0%	0.4%	54.2%	-4.2%	389	1.7%	74.9%	3.8%	81.6%	7.1%	91.1%

Current-deviation tail table

Metals / Miners

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XME	Metals & Mining	-8.4%	2	12.1%	1	2.0	3.0	5.0	-1.1%	-0.7%	46.0%	-12.9%	409	0.4%	50.2%	5.3%	54.8%	13.3%	56.8%
COPX	Copper Miners	-1.4%	5	40.5%	1	1.0	2.0	3.0	1.7%	1.0%	54.4%	-9.6%	406	6.4%	58.3%	7.9%	55.5%	9.0%	50.9%
HAP	Hard Assets	2.0%	6	41.9%	1	1.0	2.0	3.0	0.8%	1.6%	62.5%	-4.9%	413	1.7%	60.0%	3.3%	57.9%	6.1%	62.2%
WOOD	Timber	7.0%	10	6.9%	1	3.0	8.5	13.8	0.4%	0.6%	55.8%	-5.7%	412	3.0%	61.2%	5.0%	54.1%	14.4%	73.7%
GDX	Gold Miners	-2.8%	4	37.5%	1	1.0	2.0	3.0	-0.5%	-1.3%	44.1%	-11.3%	413	4.4%	60.7%	3.5%	48.6%	4.8%	45.1%
GDXJ	Junior Gold Miners	63.5%	10	0.3%	14	2.0	5.2	13.6	2.3%	2.5%	59.3%	-12.8%	366	6.0%	49.2%	6.4%	52.6%	-1.6%	41.8%
SIL	Silver Miners	-5.3%	3	29.4%	1	1.0	2.0	3.0	-0.0%	-0.4%	46.9%	-12.2%	403	3.4%	55.8%	4.0%	37.1%	5.2%	37.2%
SILJ	Junior Silver Miners	-6.6%	3	29.7%	1	1.0	2.0	3.0	-0.0%	-0.9%	46.1%	-13.8%	336	4.9%	58.9%	5.8%	36.7%	17.2%	43.2%
URNM	Uranium Miners	-9.0%	2	16.9%	1	2.0	3.0	5.0	4.1%	1.3%	53.9%	-12.5%	152	22.1%	78.7%	33.1%	73.9%	71.7%	84.5%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
XME	Metals & Mining	-7.6%	3	25.9%	1	3.0	5.0	7.0	0.4%	0.9%	53.3%	-10.9%	390	1.2%	50.5%	6.6%	49.5%	12.9%	51.3%
COPX	Copper Miners	3.6%	6	45.5%	1	2.0	4.0	6.0	-0.2%	-0.4%	48.1%	-11.7%	387	-5.0%	42.1%	-3.9%	33.2%	0.4%	39.8%
HAP	Hard Assets	7.3%	8	23.5%	1	2.0	4.0	7.0	0.6%	0.9%	60.8%	-4.7%	400	1.6%	63.1%	3.5%	53.8%	6.2%	58.6%
WOOD	Timber	2.7%	6	48.0%	1	2.0	3.0	6.0	0.4%	0.4%	52.2%	-5.0%	404	0.2%	57.9%	1.6%	62.2%	1.9%	53.1%
GDX	Gold Miners	-12.1%	2	19.0%	8	2.0	6.0	9.0	-0.1%	-0.7%	47.6%	-14.7%	389	6.3%	63.2%	14.1%	64.8%	5.1%	52.0%
GDXJ	Junior Gold Miners	104.2%	10	0.2%	14	4.0	8.0	19.2	2.0%	0.1%	50.1%	-11.3%	357	3.0%	45.4%	-1.0%	37.4%	-7.6%	23.7%
SIL	Silver Miners	-11.6%	3	24.2%	1	2.0	4.0	7.0	-0.6%	-1.2%	47.0%	-15.2%	383	-2.2%	45.3%	-0.3%	39.5%	1.9%	37.6%
SILJ	Junior Silver Miners	-13.2%	3	25.7%	1	2.0	4.0	6.0	0.4%	-1.8%	41.8%	-12.9%	323	3.1%	51.1%	9.9%	51.4%	18.0%	42.1%
URNM	Uranium Miners	-18.9%	1	5.2%	14	3.0	8.5	20.5	6.5%	7.2%	58.8%	-8.5%	136	21.0%	92.4%	30.2%	80.9%	55.5%	95.4%

Current-deviation tail table

International Equity

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
EWA	Australia	4.7%	9	15.8%	1	2.0	3.0	5.0	0.2%	0.7%	55.9%	-5.2%	413	-0.1%	57.4%	1.0%	59.3%	4.2%	55.8%
EWZ	Brazil	4.2%	7	31.0%	1	2.0	2.0	4.0	1.3%	1.4%	56.7%	-8.2%	409	0.5%	49.6%	0.1%	54.9%	0.8%	44.1%
FXI	China Large Cap	6.8%	10	10.0%	1	3.0	7.8	14.0	-2.1%	-2.6%	31.7%	-10.0%	413	-4.5%	31.5%	-3.6%	41.9%	-2.4%	46.3%
EEM	Emerging Markets	-4.3%	2	13.1%	1	2.0	3.0	4.0	0.8%	0.9%	57.2%	-7.1%	407	0.9%	52.3%	1.8%	62.7%	5.3%	57.4%
EZU	Eurozone	2.3%	7	38.2%	1	1.0	2.0	3.0	0.5%	0.6%	55.0%	-4.3%	411	0.7%	63.9%	2.4%	64.3%	3.7%	53.2%
INDA	India	2.1%	6	40.2%	1	1.0	2.0	3.0	0.6%	0.8%	57.3%	-5.1%	356	0.3%	51.4%	0.4%	48.1%	4.8%	60.2%
DXJ	Japan Hedged	1.0%	5	56.5%	1	1.0	2.0	3.0	0.5%	0.9%	57.5%	-5.9%	412	2.4%	63.7%	7.6%	74.1%	12.8%	72.0%
EWU	United Kingdom	4.9%	9	10.5%	1	1.0	3.0	4.0	0.1%	0.3%	55.2%	-4.2%	413	0.6%	62.0%	1.2%	60.7%	5.1%	64.4%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
EWA	Australia	8.3%	9	18.9%	1	2.0	4.0	6.1	-0.5%	-0.6%	44.1%	-4.9%	404	0.1%	52.4%	3.2%	71.2%	2.5%	65.1%
EWZ	Brazil	4.8%	7	39.9%	1	2.0	3.0	5.0	0.8%	0.6%	53.3%	-7.0%	403	-0.3%	54.7%	-3.6%	41.3%	-6.7%	33.7%
FXI	China Large Cap	-1.2%	5	40.4%	1	2.0	3.8	5.0	0.4%	0.5%	54.5%	-7.6%	404	-0.0%	45.9%	-0.7%	49.9%	4.3%	56.7%
EEM	Emerging Markets	6.3%	7	32.4%	1	2.0	3.8	5.9	-0.1%	0.3%	51.1%	-6.6%	401	0.0%	52.4%	1.1%	48.0%	6.5%	55.1%
EZU	Eurozone	7.9%	7	32.4%	1	2.0	3.0	6.0	0.8%	0.8%	59.4%	-4.3%	394	0.9%	67.0%	2.8%	61.0%	7.5%	62.6%
INDA	India	-2.6%	3	25.9%	3	2.0	3.0	5.0	0.8%	1.3%	64.6%	-6.9%	345	1.9%	60.2%	2.7%	56.8%	9.4%	73.4%
DXJ	Japan Hedged	11.3%	8	26.9%	11	2.0	5.0	7.8	2.1%	2.4%	67.0%	-3.6%	391	4.0%	71.1%	8.5%	70.2%	10.6%	72.7%
EWU	United Kingdom	8.8%	9	18.3%	1	2.0	4.8	7.3	0.2%	0.4%	54.9%	-3.4%	404	2.1%	65.9%	4.3%	79.6%	6.0%	62.0%

Current-deviation tail table

Commodities / Crypto / USD

Tail frequency is the share of historical days at least as stretched or depressed versus the moving average as the latest close. Forward returns, win rates, downside p10, and spell days use the latest gap's own historical decile. Median / P75 / P90 spell lengths use completed historical decile runs; current spell is shown separately.

50DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
DBA	Agriculture	0.9%	7	38.8%	2	1.0	2.0	3.0	0.2%	0.2%	51.1%	-4.2%	403	0.3%	47.4%	2.1%	52.3%	2.6%	47.6%
DBB	Base Metals	0.0%	5	52.2%	1	1.0	2.0	3.6	0.1%	-0.1%	49.4%	-5.5%	413	1.8%	56.7%	1.5%	52.6%	3.4%	49.0%
BTC-USD	Bitcoin	2.0%	6	49.1%	1	2.0	3.0	4.0	3.6%	1.2%	53.5%	-14.4%	422	16.8%	57.6%	39.3%	65.5%	123.4%	74.9%
DBC	Commodities	2.2%	7	33.0%	2	2.0	3.0	4.0	0.1%	-0.2%	48.4%	-5.1%	411	0.4%	49.0%	1.8%	40.1%	-0.1%	40.3%
GSG	Commodities	3.1%	8	27.9%	2	2.0	2.0	4.0	0.3%	0.6%	53.2%	-6.2%	410	0.1%	50.1%	1.5%	42.4%	3.1%	47.4%
USO	Oil	3.0%	7	37.3%	2	1.0	2.0	3.3	-0.2%	-0.5%	46.5%	-9.1%	411	-0.4%	49.6%	-1.6%	43.5%	-0.6%	44.2%
GLD	Gold	-2.3%	2	19.9%	1	2.0	3.0	5.0	-0.1%	0.1%	51.3%	-5.9%	411	0.7%	49.6%	2.6%	61.5%	4.7%	60.0%
SLV	Silver	-8.2%	1	8.1%	30	3.0	6.0	15.2	2.6%	2.4%	65.0%	-8.0%	392	3.5%	63.1%	6.5%	52.9%	6.1%	50.1%
URA	Uranium	-10.9%	2	11.3%	1	2.0	3.0	5.0	1.2%	-0.5%	48.1%	-12.5%	389	7.1%	64.0%	5.4%	56.4%	6.6%	42.4%
PLTM	Platinum	-3.5%	3	28.0%	1	1.0	2.0	3.0	-0.1%	-0.2%	47.4%	-6.9%	209	2.6%	60.2%	5.5%	58.8%	15.4%	68.9%
PALL	Palladium	2.4%	6	41.3%	1	1.0	2.0	3.0	0.7%	-0.1%	49.4%	-10.0%	413	2.5%	57.6%	5.0%	52.8%	6.4%	58.3%
CPER	Copper	2.4%	7	31.8%	1	1.0	2.0	3.0	0.8%	0.2%	51.1%	-6.2%	364	-0.0%	43.9%	0.3%	45.6%	2.8%	43.9%
UUP	US Dollar	-0.2%	5	40.1%	1	1.0	2.0	3.0	0.3%	0.3%	55.0%	-2.0%	413	1.1%	65.5%	2.0%	65.6%	3.4%	64.9%

200DMA Decile Study

Ticker	Name	Gap	Decile	Tail Freq	Current Spell	Med Spell	P75 Spell	P90 Spell	1M Avg	1M Med	1M Win	1M P10	1M N	3M Avg	3M Win	6M Avg	6M Win	12M Avg	12M Win
DBA	Agriculture	3.8%	7	32.5%	2	2.0	5.0	9.0	0.6%	0.8%	56.9%	-4.0%	401	0.5%	51.8%	2.4%	49.1%	6.6%	53.3%
DBB	Base Metals	6.1%	7	30.8%	27	2.0	4.0	8.0	0.6%	0.8%	52.3%	-7.5%	384	2.3%	62.7%	3.9%	61.0%	1.3%	50.3%
BTC-USD	Bitcoin	-9.7%	3	29.3%	8	3.0	6.0	11.3	0.3%	-2.0%	42.8%	-20.6%	402	-1.0%	40.1%	3.2%	38.8%	29.9%	68.3%
DBC	Commodities	12.5%	9	12.7%	4	2.0	7.0	16.5	2.4%	2.2%	60.4%	-4.9%	391	7.8%	72.1%	10.8%	75.3%	6.1%	53.5%
GSG	Commodities	15.1%	9	10.2%	1	3.0	8.5	17.9	2.3%	1.7%	62.8%	-4.8%	392	6.4%	67.7%	8.9%	65.7%	4.2%	38.6%
USO	Oil	27.6%	10	6.2%	14	3.0	16.2	83.8	2.3%	2.6%	57.0%	-11.0%	391	6.4%	73.3%	10.8%	69.5%	28.7%	61.0%
GLD	Gold	-8.4%	1	6.5%	18	3.0	8.0	21.0	0.8%	1.1%	61.5%	-4.9%	384	3.4%	72.2%	4.0%	64.5%	3.6%	50.1%
SLV	Silver	-15.8%	1	5.0%	18	4.0	7.8	18.5	2.8%	2.2%	63.1%	-7.6%	385	6.2%	73.7%	6.5%	51.3%	0.5%	43.7%
URA	Uranium	-18.5%	2	13.6%	1	3.0	8.0	13.0	1.7%	0.1%	50.3%	-11.5%	368	5.5%	59.0%	3.1%	48.6%	0.0%	29.1%
PLTM	Platinum	-13.6%	1	4.4%	29	2.0	5.0	21.6	5.1%	5.1%	83.9%	-1.6%	180	8.8%	82.5%	10.5%	86.6%	20.2%	79.5%
PALL	Palladium	-13.0%	2	15.5%	16	2.0	5.0	10.0	-1.2%	-1.5%	43.5%	-12.6%	386	-1.2%	47.2%	-3.6%	39.2%	-5.3%	38.7%
CPER	Copper	10.5%	9	17.9%	1	2.0	6.0	11.0	0.4%	0.2%	51.6%	-6.5%	353	2.8%	57.8%	6.9%	63.6%	9.2%	58.9%
UUP	US Dollar	2.4%	7	33.6%	1	2.0	4.0	6.0	0.4%	0.8%	62.6%	-1.9%	404	0.9%	71.0%	1.9%	70.8%	2.1%	56.3%

Ticker-level moving-average tail studies

Core Index Beta

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

SPY S&P 500

Core Index Beta | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

QQQ Nasdaq 100

Core Index Beta | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IWM Russell 2000

Core Index Beta | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

OEF S&P 100

Core Index Beta | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

RSP Equal Weight S&P

Core Index Beta | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLG Mega Cap

Core Index Beta | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Style / Market Structure

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

MAGS Magnificent 7

Style / Market Structure | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XMAG Ex-Mag 7

Style / Market Structure | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

VO Mid Cap

Style / Market Structure | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IWF Growth

Style / Market Structure | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IWD Value

Style / Market Structure | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SPXT Ex-Tech S&P

Style / Market Structure | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Factors / Risk Appetite

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

SPHB High Beta

Factors / Risk Appetite | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

MTUM Momentum

Factors / Risk Appetite | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

QUAL Quality

Factors / Risk Appetite | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SPHD High Dividend Low Vol

Factors / Risk Appetite | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SPLV Low Vol

Factors / Risk Appetite | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Growth / Tech Leadership

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

XLK Technology

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SMH Semiconductors

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IGV Software

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

CLOU Cloud

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

BUG Cybersecurity

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

GRID Smart Grid

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

AIQ AI Theme

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

QTUM Quantum/AI

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

ROBO Robotics

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

NXTG 5G / Digital Infra

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PNQI Internet

Growth / Tech Leadership | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Thematic / Speculative Growth

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

PINK Health Innovators

Thematic / Speculative Growth | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

ARKK Speculative Tech

Thematic / Speculative Growth | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

UFO Space

Thematic / Speculative Growth | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PEJ Leisure

Thematic / Speculative Growth | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Cyclical Sectors

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

XLY Consumer Discretionary

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLC Communication Services

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLE Energy

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLF Financials

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLI Industrials

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLB Materials

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XHB Homebuilders

Cyclical Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Defensive Sectors

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

XLP Consumer Staples

Defensive Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLV Health Care

Defensive Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLU Utilities

Defensive Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XLRE Real Estate

Defensive Sectors | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Industries / Infrastructure / Housing

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

XTL Telecom

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SOCL Social Media

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

HERO Video Games

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XES Oil Services

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XOP Oil E&P

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

OIH Oil Services

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

CRAK Refiners

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

FCG Natural Gas Equities

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

COAL Coal

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

NUKZ Nuclear

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

JETS Airlines

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PAVE Infrastructure

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

ITA Aerospace & Defense

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XTN Transportation

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

CARZ Autos

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

ITB Home Construction

Industries / Infrastructure / Housing | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Financial / Health Care Industries

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

KRE Regional Banks

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IAK Insurance

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PSP Private Equity

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IYG Financial Services

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IAI Broker Dealers

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

XBI Biotech

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IBB Biotech Large Cap

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IHF Health Providers

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IHI Medical Devices

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IHE Pharma

Financial / Health Care Industries | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Rates / Credit

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

STIP Short TIPS

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SHY 1-3Y Treasury

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

TIP TIPS

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

IEF 7-10Y Treasury

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

TLT 20Y Treasury

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

AGG Aggregate Bonds

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

CWB Convertibles

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

EMLC EM Local Debt

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

EMB EM USD Debt

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

HYG High Yield

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

LQD IG Credit

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

BKLN Bank Loans

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

MBB MBS

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PFF Preferreds

Rates / Credit | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Metals / Miners

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

XME Metals & Mining

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

COPX Copper Miners

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

HAP Hard Assets

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

WOOD Timber

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

GDX Gold Miners

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

GDXJ Junior Gold Miners

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SIL Silver Miners

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SILJ Junior Silver Miners

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

URNM Uranium Miners

Metals / Miners | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

International Equity

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

EWA Australia

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

EWZ Brazil

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

FXI China Large Cap

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

EEM Emerging Markets

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

EZU Eurozone

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

INDA India

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

DXJ Japan Hedged

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

EWU United Kingdom

International Equity | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Ticker-level moving-average tail studies

Commodities / Crypto / USD

The 50DMA and 200DMA studies use the same framework for every ETF: current distance history, historical distribution, forward returns for days in the latest gap's historical decile, and spell survival inside that decile.

DBA Agriculture

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

DBB Base Metals

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

BTC-USD Bitcoin

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

DBC Commodities

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

GSG Commodities

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

USO Oil

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

GLD Gold

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

SLV Silver

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

URA Uranium

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PLTM Platinum

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

PALL Palladium

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

CPER Copper

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

UUP US Dollar

Commodities / Crypto / USD | each panel recalculates against that ETF's own current moving-average deviation.

50DMA Current-Deviation Tail Study

200DMA Current-Deviation Tail Study

Methodology

How To Read This Deck

Data And Cache

Prices come from yfinance and reuse the shared ETF OHLCV history. Alpha Vantage index data uses INDEX_DATA and stores raw daily responses by symbol and run date. Each run refreshes stale or missing rows and writes the latest summary table to the local latest metrics table.

Returns

1D, 5D, 21D, and 120D use trading-session lookbacks. 1M, 6M, and 1Y use calendar lookbacks with the nearest available prior trading date. Missing history is shown as n/a instead of forced.

Trend And RSI

Daily charts plot 50DMA and 200DMA. Weekly charts plot 50-week and 200-week moving averages. Lines begin at the first plotted candle using available-history warm-up values, then become full-window indicators once enough bars exist. RSI 14 uses the shared Wilder-style helper with a neutral warm-up only where the series has not yet accumulated enough observations. The drawdown panel plots latest close versus the trailing 252-session high across the same rolling daily window.

DMA Tail Appendix

The 50DMA and 200DMA appendix does not use a fixed threshold. For each ETF, it uses the latest moving-average deviation as the comparison point, then asks how often history has been at least as stretched or depressed, what forward returns followed, and how long similar spells lasted.