SPY
-0.90%
gap n/a · open n/a
Best factor
-0.39%
Quality / Low-Vol Uptrend
Worst factor
-1.78%
Mega-Cap Liquid Momentum Leadership
Regime
Choppy Neutral
confidence 0.01
Breadth
6%
baskets positive · A/D 151/482
Regime components (−2 … +2)
trend+0.1
breadth+0.1
volatility+0.0
rotation+1.0
size-0.1
style-1.0

Data as of 2026-07-08T07:00:00-04:00 (Polygon intraday bars are 15-minute delayed). Every figure is computed deterministically from report.json before narration.

Session Snapshot

ProxyNameGroupLastSince CloseGapSince OpenRVol
SPYS&P 500index740.99-0.90%n/an/an/a
QQQNasdaq 100index700.04-1.32%n/an/an/a
DIADow Industrialsindex522.69-1.09%n/an/an/a
IWMRussell 2000index292.62-1.21%n/an/an/a
MDYS&P MidCap 400index682.11-0.87%n/an/an/a
IJRS&P SmallCap 600index144.00-0.96%n/an/an/a
RSPS&P 500 Equal Weightindex213.21-0.71%n/an/an/a
VTITotal US Marketindex366.14-0.94%n/an/an/a
XLKTechnologysector175.77-1.90%n/an/an/a
XLFFinancialssector55.66-0.70%n/an/an/a
XLEEnergysector55.64+1.83%n/an/an/a
XLVHealth Caresector164.00-0.27%n/an/an/a
XLIIndustrialssector180.16-1.22%n/an/an/a
XLYConsumer Discretionarysector115.98-1.20%n/an/an/a
XLPConsumer Staplessector85.45+0.70%n/an/an/a
XLUUtilitiessector45.59-0.24%n/an/an/a
XLBMaterialssector51.11-0.78%n/an/an/a
XLCCommunication Servicessectorn/an/an/an/an/a
XLREReal Estatesector44.70-0.42%n/an/an/a
MTUMMomentum Factorstyle311.29-0.37%n/an/an/a
VLUEValue Factorstyle190.00-0.97%n/an/an/a
QUALQuality Factorstyle215.57-1.00%n/an/an/a
USMVMin Volatilitystylen/an/an/an/an/a
SPLVLow Volatilitystyle76.79-0.17%n/an/an/a
SPHBHigh Betastyle143.51-1.59%n/an/an/a
IWFRussell 1000 Growthstyle120.20-0.95%n/an/an/a
IWDRussell 1000 Valuestylen/an/an/an/an/a
VUGVanguard Growthstyle84.82-1.24%n/an/an/a
VTVVanguard Valuestyle219.02-0.25%n/an/an/a
SMHSemiconductorstheme569.00-2.14%n/an/an/a
XBIBiotechtheme161.72-1.31%n/an/an/a
ITAAerospace & Defensetheme244.00-0.45%n/an/an/a
KRERegional Bankstheme74.38-0.92%n/an/an/a
XHBHomebuildersthemen/an/an/an/an/a
TANSolartheme53.90-1.66%n/an/an/a
TLT20+yr Treasuriescross_asset84.35-0.24%n/an/an/a
IEF7-10yr Treasuriescross_asset93.81+0.12%n/an/an/a
HYGHigh Yield Creditcross_assetn/an/an/an/an/a
LQDIG Creditcross_asset107.61-0.25%n/an/an/a
GLDGoldcross_asset371.61-1.56%n/an/an/a
USOOilcross_asset112.10+2.92%n/an/an/a
UUPUS Dollarcross_asset28.43+0.11%n/an/an/a

Premarket trading on July 8, 2026 shows broad weakness with Information Technology leading declines at -2.17% since close, while Energy gains +1.82%. Consumer Staples ekes out a +0.41% gain, but most sectors are negative. Relative volume metrics are structurally suppressed pre-market, as noted in quality warnings. The missing report days may affect data continuity, but the snapshot reflects a defensive tilt with Energy’s advance and Tech’s retreat.

Intraday Factor Moves

BasketNSince CloseGapSince OpenBreadthRVolCoverage
Broken Momentum / Avoid135-0.60%n/an/a32.0% advn/a100.0%
Extended Momentum Risk5-1.47%n/an/a25.0% advn/a100.0%
Institutional Large-Cap Accumulation22-0.97%n/an/a17.6% advn/a100.0%
Mega-Cap Liquid Momentum Leadership11-1.78%n/an/a18.2% advn/a100.0%
Neutral / Transition380-1.01%n/an/a21.1% advn/a99.7%
Oversold / Mean-Reversion Watch43-1.48%n/an/a12.5% advn/a100.0%
Quality / Low-Vol Uptrend241-0.39%n/an/a27.7% advn/a98.8%
Thematic Momentum Leadership169-1.27%n/an/a14.0% advn/a100.0%

Week-to-date factor moves show aggressive anti-momentum and low-volatility outperformance. Momentum - LowVol is -2.13%, HighBeta - LowVol is -3.01%, and Growth - Value is -1.17%. Small caps trail large caps by -1.16% (Small - Large). Credit spreads widen by 1.01%, while Duration loses -1.36%. The Semis - Market spread is -3.42%. These moves indicate a sharp rotation away from high-beta, growth, and momentum toward safety and value.

Sector Rotation

BasketNSince CloseGapSince OpenBreadthRVolCoverage
Communication Services44-0.77%n/an/a20.6% advn/a97.7%
Consumer Discretionary106-0.82%n/an/a13.6% advn/a100.0%
Consumer Staples47+0.41%n/an/a84.2% advn/a100.0%
Energy40+1.82%n/an/a97.2% advn/a100.0%
Financials149-1.12%n/an/a7.4% advn/a99.3%
Health Care128-0.89%n/an/a19.5% advn/a99.2%
Industrials177-0.99%n/an/a17.2% advn/a100.0%
Information Technology166-2.17%n/an/a2.2% advn/a99.4%
Materials39-0.83%n/an/a23.1% advn/a100.0%
Real Estate66-0.21%n/an/a28.2% advn/a100.0%
Utilities44-0.23%n/an/a34.5% advn/a100.0%

Sector rotation reveals a stark intraday bifurcation: Energy (+1.82%) and Consumer Staples (+0.41%) lead, while Information Technology (-2.17%) and Communication Services (-0.77%) lag. Technology’s breadth is dismal with only 2.19% of members advancing, versus Energy’s 97.22%. Week-to-date, Energy’s +3.87% contrasts with Technology’s -2.62%. Defensive sectors like Health Care (-0.87% intraday) and Utilities (-0.23%) show relative resilience. The rotation favors cyclicals linked to commodities and safety over growth.

Themes and Keyword Baskets

ThemeNIntradayWTDMTDBreadth
Oil & Gas370-0.09%+0.65%+0.32%47.1% adv
Housing / Real Estate423-0.46%-0.78%-0.23%23.4% adv
Consumer / Retail486-0.58%-1.92%-0.61%31.2% adv
Macro Rates / Inflation494-0.82%-1.80%-1.63%25.8% adv
Energy Transition1123-0.88%-1.40%-1.42%24.9% adv
Defense / Aerospace259-1.36%-3.37%-5.30%17.3% adv
AI Infrastructure830-1.45%-2.13%-3.51%13.8% adv
Crypto / Digital Assets151-1.51%-1.56%+0.00%7.7% adv
Cloud Software262-1.56%+1.84%+3.04%7.7% adv
Semiconductors247-1.80%-3.22%-7.21%9.8% adv

Thematic performance underscores the sector picture: Oil & Gas (wtd +0.65%) and Cloud Software (wtd +1.84%) are relative bright spots, though Cloud Software is down intraday -1.56%. Semiconductors are under severe pressure, down -1.8% intraday and -3.22% wtd. AI Infrastructure slides -2.13% wtd. Crypto / Digital Assets fall -1.51% intraday. Healthcare/Biotech data is degraded. The theme basket breadth is narrow, with only 10.2% of Cybersecurity members advancing. Overall, energy-related themes hold up while tech-oriented themes sell off.

Size and Breadth

Size bucketNIntradayD1WTDBreadth
Large (>=5B)1006-0.89%-1.00%-1.47%22.6% 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
62.3%67.6%1514826.4%

Small caps underperform large caps on a daily (Small - Large: -0.31%) and weekly basis (-1.83%), though they have a 3.43% positive spread over the past month. The small-mid vs. $5B cap spread is +0.30% daily. Market breadth is deteriorating: only 31.3% of stocks advance versus decline, 62.3% remain above their 50-day SMA, and 67.6% above the 200-day. However, just 6.38% of production baskets are positive, signaling narrow participation.

Volume and Participation

No volume anomalies are detected in the current session’s data. However, quality warnings note that relative volume is structurally meaningless pre-market, as less than 1% of a day’s volume prints by 07:00 ET. Basket participation data is not provided, limiting additional volume-based insights.

Regime Assessment

LabelConfidenceComposite
Choppy Neutral0.01-0.01
ComponentScore [−2..+2]Key inputs
trend0.1spy_vs_sma50_pct=0.2676, spy_vs_sma200_pct=6.8964, sma20_slope_sign=-1.0, d3_pct=-0.5089
breadth0.1pct_above_sma50=62.29, pct_above_sma200=67.56, adv_dec_ratio=0.313, pct_baskets_positive=6.38
volatility0.0rv20_pctile_2y=74.8, tr_vs_atr20=0.772, atr20_method=true_range, intraday_range_vs_20d=0.865
rotation1.0spearman_d1_vs_w1=0.2515, spearman_wtd_vs_m1=0.6905, leadership_flip=None
size-0.1small_large_d1=-0.3066, small_large_w1=-1.8321, small_large_m1=3.4285, smallmid_vs_5b_d1=0.295
style-1.0mom_lowvol_w1=-11.1593, hibeta_lowvol_w1=-10.2874, growth_value_w1=-5.3875, credit_w1=1.076
Wave stageSectors
Expansion / late acceleration5
Basing / early-cycle4
Reset within trend2

The regime is labeled Choppy Neutral with very low confidence (0.01) and a composite score of -0.015. Trend is modestly positive (SPY +0.27% vs. 50-day SMA, +6.90% vs. 200-day) but the SMA20 slope is negative. Breadth is weak (advance/decline ratio 0.31, 62.3% above 50-day). Volatility is elevated (20-day realized vol in the 74.8th percentile). Rotation is strong (Spearman rank correlation between weekly and monthly sector returns 0.69), while size and style scores are negative. The style score of -1.0 reflects heavy momentum and growth underperformance.

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-1.84%-1.24%diverges
OZKn/an/adiverges
OWL-2.08%-1.07%diverges
SWKS-1.27%+0.21%diverges
TAP+0.33%+0.93%confirms

Top opportunity scores include ACI (88.5, Consumer Staples, Wave 1 accumulation), OZK (87.2, Financials), OWL (81.7), SWKS (83.3, Tech), and TAP (84.6). Only TAP confirms intraday with a +0.33% vs. basket +0.93%. Top setups feature SYF (donchian_breakdown short, score 79.26), D (breakout long, 70.1), LNC (double bottom long, 69.7), and CWEN (double top short, 64.2). The list tilts toward accumulation patterns in defensive sectors with selective short signals in extended names.

Multi-Horizon Context

BasketD3WTDMTDQTDYTD
production: Broken Momentum / Avoid-1.38%-1.38%+0.97%+0.97%-16.81%
production: Extended Momentum Risk-0.67%-0.67%+7.00%+7.00%-12.44%
production: Institutional Large-Cap Accumulation-0.37%-0.37%+3.47%+3.47%+23.52%
production: Mega-Cap Liquid Momentum Leadership-2.94%-2.94%-7.54%-7.54%+82.28%
production: Neutral / Transition-1.67%-1.67%-2.70%-2.70%+19.33%
production: Oversold / Mean-Reversion Watch-5.58%-5.58%-13.48%-13.48%+10.23%
production: Quality / Low-Vol Uptrend-0.85%-0.85%+1.24%+1.24%+12.39%
production: Thematic Momentum Leadership-0.99%-0.99%-0.16%-0.16%+45.64%
theme: AI Infrastructure-2.13%-2.13%-3.51%-3.51%+21.79%
theme: Cloud Software+1.84%+1.84%+3.04%+3.04%+13.52%
theme: Commodities / Materials-3.15%-3.15%-4.44%-4.44%+13.17%
theme: Consumer / Retail-1.92%-1.92%-0.61%-0.61%+7.36%
theme: Crypto / Digital Assets-1.56%-1.56%+0.00%+0.00%+9.89%
theme: Cybersecurity-0.75%-0.75%-0.45%-0.45%+13.91%
theme: Defense / Aerospace-3.37%-3.37%-5.30%-5.30%+25.27%
theme: Energy Transition-1.40%-1.40%-1.42%-1.42%+18.73%
theme: Financials / Credit-1.08%-1.08%+0.49%+0.49%+12.39%
theme: Healthcare / Biotech+0.63%+0.63%+2.15%+2.15%+34.35%
theme: Housing / Real Estate-0.78%-0.78%-0.23%-0.23%+11.29%
theme: Industrial Automation-2.43%-2.43%-4.49%-4.49%+22.08%
theme: Macro Rates / Inflation-1.80%-1.80%-1.63%-1.63%+15.19%
theme: Oil & Gas+0.65%+0.65%+0.32%+0.32%+21.96%
theme: Semiconductors-3.22%-3.22%-7.21%-7.21%+43.58%
sector: Communication Services-0.90%-0.90%+1.69%+1.69%-3.88%
sector: Consumer Discretionary-2.43%-2.43%-1.80%-1.80%+4.82%
sector: Consumer Staples-0.82%-0.82%+2.51%+2.51%+7.66%
sector: Energy+3.87%+3.87%+3.34%+3.34%+30.99%
sector: Financials-0.48%-0.48%+2.04%+2.04%+8.36%
sector: Health Care-0.29%-0.29%+2.72%+2.72%+28.79%
sector: Industrials-3.01%-3.01%-4.95%-4.95%+18.27%
sector: Information Technology-2.62%-2.62%-6.11%-6.11%+34.38%
sector: Materials-3.51%-3.51%-3.48%-3.48%+19.71%
sector: Real Estate-0.74%-0.74%+0.95%+0.95%+10.25%
sector: Utilities-0.77%-0.77%+0.13%+0.13%+7.49%
size: Large (>=5B)-1.47%-1.47%-1.17%-1.17%+17.47%
size: Micro Cap $250M-$1B-1.19%-1.19%-0.92%-0.92%+20.11%
size: Nano Cap <$250M-0.15%-0.15%-3.23%-3.23%+47.90%
size: Small Cap $1B-$5B-0.68%-0.68%-0.49%-0.49%+21.44%
style: Base Building / Coiled-1.51%-1.51%-1.28%-1.28%+8.30%
style: Extended Overbought Momentum+0.32%+0.32%+5.27%+5.27%+34.67%
style: Low-Vol Uptrend-0.85%-0.85%+0.51%+0.51%+26.22%
style: Momentum Breakout / Leadership-1.06%-1.06%+1.48%+1.48%+43.79%
style: Neutral / Transition-1.62%-1.62%-2.30%-2.30%+19.09%
style: Normal Vol/Trend-2.66%-2.66%-4.37%-4.37%+7.12%
style: Oversold / Mean-Reversion Watch-5.58%-5.58%-13.48%-13.48%+10.23%
style: Persistent Uptrend / Compounder-0.77%-0.77%+0.61%+0.61%+23.73%
style: Weak Downtrend / Avoid Momentum-1.38%-1.38%+0.97%+0.97%-16.81%

WTD: best Energy +3.87%, worst Oversold / Mean-Reversion Watch -5.58%; breadth deteriorating.

Data Quality and Coverage

SourceAs of
intraday_bars2026-07-08T07:00:00-04:00
warehouse_snapshot2026-07-08
proxy_daily2026-07-07
screener_artifact2026-07-08T20:33:12.166787-04:00
grouped_dailyunavailable
  • Overall coverage: 66.5%
  • Degraded baskets: theme:Healthcare / Biotech
  • Missing archived report days: 2026-07-01, 2026-07-02, 2026-07-06, 2026-07-07
  • Warning: premarket rvol suppressed: <1% of a day's volume prints by 07:00 ET, so relative volume is structurally meaningless before the open
  • Report generated at 2026-07-09T02:56:29-04:00; every figure above is computed deterministically from report.json
  • Narration: 1 of 9 sections used the deterministic fallback (multi_horizon); all other sections are LLM-narrated