SPY
-0.46%
gap -0.61% · open +0.15%
Best factor
+0.11%
Mega-Cap Liquid Momentum Leadership
Worst factor
-2.25%
Extended Momentum Risk
Regime
Choppy Neutral
confidence 0.11
Breadth
6%
baskets positive · A/D 210/791
Regime components (−2 … +2)
trend+0.1
breadth+0.1
volatility+0.5
rotation-0.5
size-0.7
style-1.0

Data as of 2026-07-08T13:00:00-04:00 (Polygon intraday bars are 15-minute delayed). Every figure is computed deterministically from report.json before narration.

Session Snapshot

ProxyNameGroupLastSince CloseGapSince OpenRVol
SPYS&P 500index744.28-0.46%-0.61%+0.15%1.08
QQQNasdaq 100index708.17-0.18%-0.63%+0.46%1.24
DIADow Industrialsindex522.43-1.14%-0.97%-0.17%1.32
IWMRussell 2000index292.62-1.21%-0.73%-0.48%1.52
MDYS&P MidCap 400index679.78-1.21%-0.68%-0.54%0.86
IJRS&P SmallCap 600index143.79-1.10%-0.63%-0.48%0.90
RSPS&P 500 Equal Weightindex212.27-1.15%-0.55%-0.59%2.15
VTITotal US Marketindex367.57-0.55%-0.54%-0.01%1.71
XLKTechnologysector180.00+0.46%-0.95%+1.42%1.29
XLFFinancialssector55.20-1.52%-0.46%-1.06%1.85
XLEEnergysector55.25+1.12%+1.49%-0.37%2.10
XLVHealth Caresector163.28-0.71%-0.62%-0.08%1.31
XLIIndustrialssector180.20-1.20%-0.89%-0.31%1.36
XLYConsumer Discretionarysector115.12-1.93%-0.92%-1.02%2.42
XLPConsumer Staplessector84.80-0.08%+0.37%-0.44%1.60
XLUUtilitiessector45.49-0.45%+0.09%-0.54%1.01
XLBMaterialssector50.28-2.38%-0.99%-1.40%1.55
XLCCommunication Servicessector109.89-1.02%-0.09%-0.93%1.03
XLREReal Estatesector44.34-1.24%-0.09%-1.15%1.06
MTUMMomentum Factorstyle313.56+0.36%-0.74%+1.11%1.23
VLUEValue Factorstyle191.41-0.24%-1.06%+0.83%0.49
QUALQuality Factorstyle216.97-0.35%-0.50%+0.15%1.33
USMVMin Volatilitystyle97.79-0.57%-0.50%-0.07%0.95
SPLVLow Volatilitystyle76.18-0.96%-0.19%-0.77%1.69
SPHBHigh Betastyle144.47-0.93%-1.26%+0.33%2.59
IWFRussell 1000 Growthstyle121.23-0.10%-0.73%+0.64%0.66
IWDRussell 1000 Valuestyle245.47-0.92%-0.38%-0.54%0.76
VUGVanguard Growthstyle85.67-0.25%-0.58%+0.33%2.39
VTVVanguard Valuestyle218.00-0.72%-0.47%-0.25%2.07
SMHSemiconductorstheme589.41+1.37%-1.05%+2.45%1.24
XBIBiotechtheme160.90-1.81%-1.00%-0.82%1.73
ITAAerospace & Defensetheme239.49-2.29%-0.74%-1.56%1.56
KRERegional Bankstheme73.51-2.08%-0.52%-1.57%2.07
XHBHomebuilderstheme106.48-2.68%-1.27%-1.43%1.44
TANSolartheme53.24-2.86%-1.92%-0.97%1.16
TLT20+yr Treasuriescross_asset84.30-0.30%-0.28%-0.02%1.34
IEF7-10yr Treasuriescross_asset93.48-0.23%-0.18%-0.05%0.97
HYGHigh Yield Creditcross_asset79.63-0.16%-0.19%+0.03%1.64
LQDIG Creditcross_asset107.59-0.27%-0.19%-0.08%1.86
GLDGoldcross_asset372.95-1.20%-1.14%-0.06%1.34
USOOilcross_asset112.52+3.31%+3.16%+0.14%4.72
UUPUS Dollarcross_asset28.38-0.07%+0.04%-0.11%0.92

Midday session shows a negative gap of 0.65% on large caps, with further selling bringing the intraday loss to 1.21%. Breadth is decisively negative with only 210 advancers against 791 decliners and just 6.38% of baskets positive. The regime composite sits at -0.165, with the Choppy Neutral label at low confidence (0.11).

Intraday Factor Moves

BasketNSince CloseGapSince OpenBreadthRVolCoverage
Broken Momentum / Avoid135-1.32%-0.65%-0.66%19.3% adv0.83100.0%
Extended Momentum Risk5-2.25%-0.47%-1.79%20.0% adv1.02100.0%
Institutional Large-Cap Accumulation22-1.56%-0.47%-1.09%22.7% adv0.87100.0%
Mega-Cap Liquid Momentum Leadership11+0.11%-0.89%+1.02%45.5% adv0.99100.0%
Neutral / Transition380-0.86%-0.63%-0.24%26.9% adv0.8099.7%
Oversold / Mean-Reversion Watch43-0.27%-0.78%+0.52%47.6% adv1.08100.0%
Quality / Low-Vol Uptrend241-1.51%-0.50%-1.02%11.3% adv0.7498.8%
Thematic Momentum Leadership169-1.72%-0.88%-0.85%14.2% adv0.81100.0%

Factor performance week-to-date is dominated by defensive and value tilts. Momentum and High Beta have underperformed Low Vol by 0.83% and 1.57%, respectively. Small caps have lagged large caps by 1.6%. Growth outperformed Value by 0.6%, while Credit spreads earned 0.87%. Semis underperformed the market by 0.42%. The Momentum Leadership minus Broken Momentum spread is 0.96%, suggesting some relative stability in leadership names.

Sector Rotation

BasketNSince CloseGapSince OpenBreadthRVolCoverage
Communication Services44-1.22%-0.25%-0.97%20.9% adv0.7097.7%
Consumer Discretionary106-1.94%-0.97%-0.98%12.3% adv0.85100.0%
Consumer Staples47-1.00%+0.09%-1.10%27.7% adv0.88100.0%
Energy40+1.50%+1.49%+0.00%70.0% adv1.16100.0%
Financials149-1.76%-0.60%-1.16%10.8% adv0.8299.3%
Health Care128-1.36%-0.70%-0.66%20.5% adv0.7999.2%
Industrials177-1.53%-0.95%-0.59%14.2% adv0.82100.0%
Information Technology166-0.57%-1.12%+0.55%33.9% adv0.8199.4%
Materials39-1.59%-1.07%-0.53%20.5% adv0.91100.0%
Real Estate66-1.32%-0.41%-0.91%7.6% adv0.66100.0%
Utilities44-0.42%+0.02%-0.44%25.0% adv0.59100.0%

Rotation signals remain muted, with the rotation component scoring -0.5. The rank correlation of daily returns versus weekly returns is -0.8333, indicating significant short-term reversal. Week-to-date versus month-to-date correlation is 0.4286. Sectors in expansion/late acceleration include Utilities, Health Care, Real Estate, and Energy, while Materials is in reset and Info Tech in basing. No leadership flip was detected.

Themes and Keyword Baskets

ThemeNIntradayWTDMTDBreadth
Semiconductors247-0.50%-2.49%-6.61%34.9% adv
Oil & Gas370-0.51%+0.49%+0.15%32.1% adv
Industrial Automation491-0.87%-2.31%-4.41%23.6% adv
Cybersecurity158-1.05%-0.63%-0.39%28.6% adv
AI Infrastructure830-1.07%-1.98%-3.42%24.7% adv
Commodities / Materials184-1.46%-3.23%-4.54%23.0% adv
Defense / Aerospace259-1.50%-3.49%-5.45%14.4% adv
Housing / Real Estate423-1.53%-1.06%-0.51%14.7% adv
Financials / Credit677-1.60%-1.32%+0.23%16.0% adv
Crypto / Digital Assets151-1.68%-1.74%-0.21%18.1% adv

Best theme: Semiconductors -0.50% since close; worst: Crypto / Digital Assets -1.68%.

Size and Breadth

Size bucketNIntradayD1WTDBreadth
Large (>=5B)1006-1.21%-1.21%-1.68%21.0% adv
Micro Cap $250M-$1B228n/a-0.48%-1.19%11.9% adv
Nano Cap <$250M21n/a+0.40%-0.15%9.5% adv
Small Cap $1B-$5B829n/a-0.80%-0.68%10.9% adv
% > SMA50% > SMA200AdvancersDecliners% Baskets Positive
61.6%66.6%2107916.4%

61.6% of the universe holds above the 50-day and 66.6% above the 200-day; advancers 210 vs decliners 791.

Volume and Participation

DimensionBasketMedian RVol% Members RVol>1.5
productionBroken Momentum / Avoid0.835.9%
productionExtended Momentum Risk1.020.0%
productionInstitutional Large-Cap Accumulation0.879.1%
productionMega-Cap Liquid Momentum Leadership0.999.1%
productionNeutral / Transition0.808.7%
productionOversold / Mean-Reversion Watch1.0826.2%
productionQuality / Low-Vol Uptrend0.745.0%
productionThematic Momentum Leadership0.819.5%
TickerBasketRVolReturnNote
OXYNeutral / Transition4.03+3.91%breakout volume
VGNeutral / Transition3.58+5.82%breakout volume
QXOBroken Momentum / Avoid3.57-8.43%distribution volume
WBSQuality / Low-Vol Uptrend3.28-2.15%distribution volume
ASBThematic Momentum Leadership2.96-3.09%distribution volume

OXY prints 4.03x relative volume in Neutral / Transition at +3.91%.

Regime Assessment

LabelConfidenceComposite
Choppy Neutral0.11-0.17
ComponentScore [−2..+2]Key inputs
trend0.1spy_vs_sma50_pct=0.7128, spy_vs_sma200_pct=7.371, sma20_slope_sign=-1.0, d3_pct=-0.0671
breadth0.1pct_above_sma50=61.59, pct_above_sma200=66.57, adv_dec_ratio=0.265, pct_baskets_positive=6.38
volatility0.5rv20_pctile_2y=74.8, tr_vs_atr20=0.744, atr20_method=true_range, intraday_range_vs_20d=0.548
rotation-0.5spearman_d1_vs_w1=-0.8333, spearman_wtd_vs_m1=0.4286, leadership_flip=False
size-0.7small_large_d1=-0.7466, small_large_w1=-2.2727, small_large_m1=2.9824, smallmid_vs_5b_d1=0.4971
style-1.0mom_lowvol_w1=-9.9151, hibeta_lowvol_w1=-8.8559, growth_value_w1=-3.6218, credit_w1=0.9317
Wave stageSectors
Expansion / late acceleration5
Basing / early-cycle4
Reset within trend2

Regime: Choppy Neutral (confidence 0.11, composite -0.17).

Opportunity Watchlist

TickerSectorOpportunityWave stageRegime fit
ACIConsumer Staples88.5Wave 1 / accumulation91.9
OZKFinancials87.2Mixed / transition91.7
OWLFinancials81.7Wave 1 / accumulation88.5
SWKSInformation Technology83.3Wave 1 / accumulation88.2
TAPConsumer Staples84.6Wave 1 / accumulation87.9
TickerSince closeVs basketRead
ACI+0.68%+2.00%confirms
OZK-1.14%-0.28%diverges
OWL-1.22%-0.36%diverges
SWKS-1.76%-1.49%diverges
TAP-0.60%+0.72%diverges

Top screener pick: ACI (Consumer Staples), opportunity score 88.5, Wave 1 / accumulation.

Multi-Horizon Context

BasketD3WTDMTD
production: Broken Momentum / Avoid-2.05%-2.05%+0.27%
production: Extended Momentum Risk-1.62%-1.62%+5.99%
production: Institutional Large-Cap Accumulation-0.98%-0.98%+2.85%
production: Mega-Cap Liquid Momentum Leadership-1.09%-1.09%-5.93%
production: Neutral / Transition-1.53%-1.53%-2.65%
production: Oversold / Mean-Reversion Watch-4.77%-4.77%-12.77%
production: Quality / Low-Vol Uptrend-1.34%-1.34%+0.75%
production: Thematic Momentum Leadership-1.55%-1.55%-0.76%
theme: AI Infrastructure-1.98%-1.98%-3.42%
theme: Cloud Software+1.96%+1.96%+3.10%
theme: Commodities / Materials-3.23%-3.23%-4.54%
theme: Consumer / Retail-2.21%-2.21%-0.91%
theme: Crypto / Digital Assets-1.74%-1.74%-0.21%
theme: Cybersecurity-0.63%-0.63%-0.39%
theme: Defense / Aerospace-3.49%-3.49%-5.45%
theme: Energy Transition-1.52%-1.52%-1.56%
theme: Financials / Credit-1.32%-1.32%+0.23%
theme: Healthcare / Biotech+0.36%+0.36%+1.86%
theme: Housing / Real Estate-1.06%-1.06%-0.51%
theme: Industrial Automation-2.31%-2.31%-4.41%
theme: Macro Rates / Inflation-1.84%-1.84%-1.69%
theme: Oil & Gas+0.49%+0.49%+0.15%
theme: Semiconductors-2.49%-2.49%-6.61%
sector: Communication Services-1.23%-1.23%+1.35%
sector: Consumer Discretionary-3.06%-3.06%-2.44%
sector: Consumer Staples-1.83%-1.83%+1.45%
sector: Energy+3.65%+3.65%+3.14%
sector: Financials-1.06%-1.06%+1.43%
sector: Health Care-0.79%-0.79%+2.20%
sector: Industrials-3.47%-3.47%-5.42%
sector: Information Technology-1.36%-1.36%-5.10%
sector: Materials-3.84%-3.84%-3.83%
sector: Real Estate-1.31%-1.31%+0.37%
sector: Utilities-0.81%-0.81%+0.09%
size: Large (>=5B)-1.68%-1.68%-1.43%
size: Micro Cap $250M-$1B-1.19%-1.19%-0.92%
size: Nano Cap <$250M-0.15%-0.15%-3.23%
size: Small Cap $1B-$5B-0.68%-0.68%-0.49%
style: Base Building / Coiled-1.85%-1.85%-1.69%
style: Extended Overbought Momentum-0.60%-0.60%+4.32%
style: Low-Vol Uptrend-1.32%-1.32%+0.02%
style: Momentum Breakout / Leadership-2.09%-2.09%+0.41%
style: Neutral / Transition-1.51%-1.51%-2.28%
style: Normal Vol/Trend-2.27%-2.27%-4.09%
style: Oversold / Mean-Reversion Watch-4.77%-4.77%-12.77%
style: Persistent Uptrend / Compounder-1.19%-1.19%+0.19%
style: Weak Downtrend / Avoid Momentum-2.05%-2.05%+0.27%

WTD: best Energy +3.65%, worst Oversold / Mean-Reversion Watch -4.77%; breadth deteriorating.

Data Quality and Coverage

SourceAs of
intraday_bars2026-07-08T13:00:00-04:00
warehouse_snapshot2026-07-08
proxy_daily2026-07-07
screener_artifact2026-07-08T20:33:12.166787-04:00
grouped_dailyunavailable
  • Overall coverage: 99.5%
  • Degraded baskets: theme:Healthcare / Biotech
  • Missing archived report days: 2026-07-01, 2026-07-02, 2026-07-06, 2026-07-07
  • Report generated at 2026-07-09T03:01:15-04:00; every figure above is computed deterministically from report.json
  • Narration: 6 of 9 sections used the deterministic fallback (themes, size_breadth, volume, regime, opportunities, multi_horizon); all other sections are LLM-narrated