SPY
+0.17%
gap n/a · open n/a
Best factor
+2.48%
Mega-Cap Liquid Momentum Leadership
Worst factor
-1.89%
Extended Momentum Risk
Regime
Choppy Neutral
confidence 0.05
Breadth
43%
baskets positive · A/D 258/290
Regime components (−2 … +2)
trend+0.1
breadth+0.7
volatility+0.0
rotation-0.2
size-0.6
style-1.0

Data as of 2026-07-09T06:45:00-04:00 (Polygon intraday bars are 15-minute delayed). Every figure is computed deterministically from report.json before narration.

Session Snapshot

ProxyNameGroupLastSince CloseGapSince OpenRVol
SPYS&P 500index746.63+0.17%n/an/an/a
QQQNasdaq 100index715.52+0.57%n/an/an/a
DIADow Industrialsindex522.42-0.07%n/an/an/a
IWMRussell 2000index293.95+0.16%n/an/an/a
MDYS&P MidCap 400indexn/an/an/an/an/a
IJRS&P SmallCap 600indexn/an/an/an/an/a
RSPS&P 500 Equal Weightindexn/an/an/an/an/a
VTITotal US Marketindexn/an/an/an/an/a
XLKTechnologysector183.00+0.88%n/an/an/a
XLFFinancialssector54.99+0.04%n/an/an/a
XLEEnergysector55.47-0.23%n/an/an/a
XLVHealth Caresector162.06-0.15%n/an/an/a
XLIIndustrialssectorn/an/an/an/an/a
XLYConsumer Discretionarysector115.32+0.02%n/an/an/a
XLPConsumer Staplessector84.24-0.18%n/an/an/a
XLUUtilitiessector45.36+0.00%n/an/an/a
XLBMaterialssectorn/an/an/an/an/a
XLCCommunication Servicessectorn/an/an/an/an/a
XLREReal Estatesectorn/an/an/an/an/a
MTUMMomentum Factorstyle319.66+1.53%n/an/an/a
VLUEValue Factorstyle192.96+0.78%n/an/an/a
QUALQuality Factorstylen/an/an/an/an/a
USMVMin Volatilitystylen/an/an/an/an/a
SPLVLow Volatilitystyle75.87+0.01%n/an/an/a
SPHBHigh Betastylen/an/an/an/an/a
IWFRussell 1000 Growthstylen/an/an/an/an/a
IWDRussell 1000 Valuestylen/an/an/an/an/a
VUGVanguard Growthstyle86.05+0.07%n/an/an/a
VTVVanguard Valuestylen/an/an/an/an/a
SMHSemiconductorstheme604.59+1.95%n/an/an/a
XBIBiotechtheme163.02+0.03%n/an/an/a
ITAAerospace & Defensethemen/an/an/an/an/a
KRERegional Bankstheme73.68+0.46%n/an/an/a
XHBHomebuildersthemen/an/an/an/an/a
TANSolarthemen/an/an/an/an/a
TLT20+yr Treasuriescross_asset84.17-0.23%n/an/an/a
IEF7-10yr Treasuriescross_asset93.56+0.05%n/an/an/a
HYGHigh Yield Creditcross_asset79.66+0.00%n/an/an/a
LQDIG Creditcross_assetn/an/an/an/an/a
GLDGoldcross_asset376.41+0.52%n/an/an/a
USOOilcross_asset111.80-0.37%n/an/an/a
UUPUS Dollarcross_assetn/an/an/an/an/a

Premarket action is mixed with Large caps up 0.31% intraday from prior close. Advancers trail decliners 258 to 290, and only 42.55% of baskets trade positively. The regime remains Choppy Neutral with a composite of -0.08, little changed overnight. Sector and factor returns lack uniformity; no decisive shift evident.

Intraday Factor Moves

BasketNSince CloseGapSince OpenBreadthRVolCoverage
Broken Momentum / Avoid135-0.81%n/an/a32.2% advn/a100.0%
Extended Momentum Risk5-1.89%n/an/a0.0% advn/a100.0%
Institutional Large-Cap Accumulation22-0.95%n/an/a37.5% advn/a100.0%
Mega-Cap Liquid Momentum Leadership11+2.48%n/an/a54.5% advn/a100.0%
Neutral / Transition380+1.03%n/an/a53.9% advn/a99.7%
Oversold / Mean-Reversion Watch43+2.36%n/an/a71.0% advn/a100.0%
Quality / Low-Vol Uptrend241-0.44%n/an/a32.5% advn/a98.8%
Thematic Momentum Leadership169-0.27%n/an/a38.5% advn/a100.0%

Factor returns show a mean-reversion pulse: Oversold / Mean-Reversion Watch surges 2.36% premarket, while Extended Overbought Momentum retreats 1.75%. Normal Vol/Trend adds 1.43%. Persistent Uptrend and Base Building slip slightly. This behavior unwinds recent momentum extremes, with leadership flipping to beaten-down names in thin premarket trade.

Sector Rotation

BasketNSince CloseGapSince OpenBreadthRVolCoverage
Communication Services44-0.75%n/an/a15.4% advn/a97.7%
Consumer Discretionary106-0.58%n/an/a42.6% advn/a100.0%
Consumer Staples47-1.34%n/an/a11.5% advn/a100.0%
Energy40+1.16%n/an/a66.7% advn/a100.0%
Financials149-0.40%n/an/a29.8% advn/a99.3%
Health Care128-0.29%n/an/a39.1% advn/a99.2%
Industrials177-0.10%n/an/a52.8% advn/a100.0%
Information Technology166+2.39%n/an/a63.6% advn/a99.4%
Materials39+0.79%n/an/a52.2% advn/a100.0%
Real Estate66-0.70%n/an/a29.4% advn/a100.0%
Utilities44-0.11%n/an/a29.4% advn/a100.0%

Rotation readings remain negative at -0.25, driven by a -0.90 daily-to-weekly leader correlation. Energy leads all horizons—d3 +4.45%, wtd +4.02%, mtd +3.50%—while Materials and Defense/Aerospace lag. Wave mapping places Utilities and Health Care in late expansion, and Technology in basing, confirming a shift toward late-cycle and defensive sectors.

Themes and Keyword Baskets

ThemeNIntradayWTDMTDBreadth
Semiconductors247+2.30%-1.59%-5.83%57.9% adv
AI Infrastructure830+1.13%-1.41%-2.92%51.0% adv
Industrial Automation491+1.13%-1.87%-4.00%55.6% adv
Crypto / Digital Assets151+0.93%-0.82%+0.64%50.0% adv
Cybersecurity158+0.63%-0.17%+0.03%40.4% adv
Energy Transition1123+0.11%-1.23%-1.30%45.7% adv
Oil & Gas370-0.15%+0.69%+0.34%48.5% adv
Financials / Credit677-0.47%-1.10%+0.44%28.1% adv
Consumer / Retail486-0.54%-2.08%-0.79%34.1% adv
Housing / Real Estate423-0.58%-1.00%-0.45%27.9% adv

Semiconductors bounce 2.3% premarket after a -5.83% month-to-date slide. AI Infrastructure and Industrial Automation each gain 1.13%. Cloud Software is the week’s leader at +2.39%. Defensive themes lag: Consumer/Retail -0.54%, Housing -0.58%, Financials -0.47%. The action reflects a tentative recovery in growth themes amid ongoing cyclical weakness.

Size and Breadth

Size bucketNIntradayD1WTDBreadth
Large (>=5B)1006+0.31%+0.18%-1.05%44.3% adv
Micro Cap $250M-$1B228n/a+0.00%-1.19%0.0% adv
Nano Cap <$250M21n/a+0.00%-0.15%0.0% adv
Small Cap $1B-$5B829n/a+0.00%-0.68%0.0% adv
% > SMA50% > SMA200AdvancersDecliners% Baskets Positive
63.0%67.1%25829042.5%

Large caps tick up 0.31% premarket; smaller-cap cohorts show no actionable premarket prints. Breadth remains fragile: only 63% of names hold above the 50-day moving average and 67% above the 200-day. With 258 advancers and 290 decliners, positive basket participation sits at just 42.55%, underscoring a narrow base for any recovery.

Volume and Participation

Premarket volume metrics are structurally unreliable, with no basket participation or anomaly signals generated. Relative volume is suppressed and offers no meaningful liquidity cues ahead of the regular session.

Regime Assessment

LabelConfidenceComposite
Choppy Neutral0.05-0.08
ComponentScore [−2..+2]Key inputs
trend0.1spy_vs_sma50_pct=0.9449, spy_vs_sma200_pct=7.6454, sma20_slope_sign=-1.0, d3_pct=-0.6189
breadth0.7pct_above_sma50=62.99, pct_above_sma200=67.06, adv_dec_ratio=0.89, pct_baskets_positive=42.55
volatility0.0rv20_pctile_2y=75.2, tr_vs_atr20=0.273, atr20_method=true_range, intraday_range_vs_20d=0.242
rotation-0.2spearman_d1_vs_w1=-0.9048, spearman_wtd_vs_m1=0.6667, leadership_flip=False
size-0.6small_large_d1=-0.0049, small_large_w1=-1.9108, small_large_m1=2.461, smallmid_vs_5b_d1=-0.1807
style-1.0mom_lowvol_w1=-3.3568, hibeta_lowvol_w1=-5.2759, growth_value_w1=-1.5329, credit_w1=0.8164
Wave stageSectors
Expansion / late acceleration5
Basing / early-cycle4
Reset within trend2

The regime prints Choppy Neutral (composite -0.08, confidence 0.05). Breadth (0.7) provides the sole positive, while size (-0.55) and style (-1.0) components heavily penalize. Rotation (-0.25) reflects deep short-term leader inversion. The composite improved 0.08 from yesterday, but the low-confidence reading demands cautious, factor-balanced positioning.

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
ACIn/an/adiverges
OZK+0.26%-0.77%confirms
OWL-1.17%-2.20%diverges
SWKS-0.95%-3.31%diverges
TAPn/an/adiverges

The screener highlights ACI (88.5) and OZK (87.2) with strong regime fit, though only OZK confirms intraday. Top pattern setups lean short: SYF donchian breakdown (79.3) and CWEN double top (64.2). Long opportunities include D breakout (70.1) and LNC double bottom (69.7). Oversold mean-reversion candidates appear mixed, with few confirmations, demanding selectivity.

Multi-Horizon Context

BasketD3WTDMTDQTDYTD
production: Broken Momentum / Avoid-1.43%-1.75%+0.56%+0.56%-17.06%
production: Extended Momentum Risk-0.37%-0.65%+7.03%+7.03%-12.33%
production: Institutional Large-Cap Accumulation-0.98%-0.41%+3.45%+3.45%+23.34%
production: Mega-Cap Liquid Momentum Leadership-0.59%+0.13%-4.94%-4.94%+91.13%
production: Neutral / Transition-1.09%-0.67%-1.87%-1.87%+21.68%
production: Oversold / Mean-Reversion Watch-2.84%-3.27%-11.44%-11.44%+13.33%
production: Quality / Low-Vol Uptrend-1.26%-1.21%+0.88%+0.88%+12.02%
production: Thematic Momentum Leadership-1.20%-0.75%+0.03%+0.03%+46.32%
theme: AI Infrastructure-2.14%-1.41%-2.92%-2.92%+23.39%
theme: Cloud Software-0.68%+2.39%+3.49%+3.49%+14.68%
theme: Commodities / Materials-3.08%-2.90%-4.24%-4.24%+13.64%
theme: Consumer / Retail-1.41%-2.08%-0.79%-0.79%+7.32%
theme: Crypto / Digital Assets-1.93%-0.82%+0.64%+0.64%+11.02%
theme: Cybersecurity-1.42%-0.17%+0.03%+0.03%+15.00%
theme: Defense / Aerospace-3.42%-3.00%-5.01%-5.01%+26.11%
theme: Energy Transition-1.51%-1.23%-1.30%-1.30%+19.17%
theme: Financials / Credit-1.51%-1.10%+0.44%+0.44%+12.50%
theme: Healthcare / Biotech+0.57%+0.70%+2.21%+2.21%+34.56%
theme: Housing / Real Estate-1.89%-1.00%-0.45%-0.45%+11.10%
theme: Industrial Automation-2.32%-1.87%-4.00%-4.00%+23.26%
theme: Macro Rates / Inflation-1.45%-1.59%-1.47%-1.47%+15.69%
theme: Oil & Gas+0.89%+0.69%+0.34%+0.34%+22.15%
theme: Semiconductors-2.27%-1.59%-5.83%-5.83%+47.39%
sector: Communication Services-0.79%-1.12%+1.45%+1.45%-4.06%
sector: Consumer Discretionary-2.01%-2.56%-1.93%-1.93%+4.70%
sector: Consumer Staples-0.63%-1.86%+1.42%+1.42%+6.60%
sector: Energy+4.45%+4.02%+3.50%+3.50%+31.39%
sector: Financials-1.69%-0.49%+1.98%+1.98%+8.51%
sector: Health Care+0.04%-0.10%+2.91%+2.91%+29.18%
sector: Industrials-3.31%-2.79%-4.77%-4.77%+18.80%
sector: Information Technology-1.12%+0.17%-3.81%-3.81%+40.68%
sector: Materials-2.61%-3.02%-3.04%-3.04%+20.30%
sector: Real Estate-0.81%-1.50%+0.17%+0.17%+9.45%
sector: Utilities+0.13%-0.91%-0.01%-0.01%+7.28%
size: Large (>=5B)-1.26%-1.05%-0.85%-0.85%+18.58%
size: Micro Cap $250M-$1B-1.41%-1.19%-0.92%-0.92%+20.11%
size: Nano Cap <$250M-0.10%-0.15%-3.23%-3.23%+47.90%
size: Small Cap $1B-$5B-1.42%-0.68%-0.49%-0.49%+21.44%
style: Base Building / Coiled-1.74%-1.52%-1.41%-1.41%+9.60%
style: Extended Overbought Momentum-0.19%+0.11%+5.05%+5.05%+34.42%
style: Low-Vol Uptrend-1.10%-0.88%+0.45%+0.45%+26.44%
style: Momentum Breakout / Leadership-1.69%-1.28%+1.26%+1.26%+43.56%
style: Neutral / Transition-1.20%-0.77%-1.62%-1.62%+21.21%
style: Normal Vol/Trend-1.21%-1.05%-2.99%-2.99%+9.81%
style: Oversold / Mean-Reversion Watch-2.84%-3.27%-11.44%-11.44%+13.33%
style: Persistent Uptrend / Compounder-0.94%-0.86%+0.52%+0.52%+23.78%
style: Weak Downtrend / Avoid Momentum-1.43%-1.75%+0.56%+0.56%-17.06%

Breadth is deteriorating across d3, wtd and mtd lookbacks. Energy consistently outperforms: d3 +4.45%, wtd +4.02%, mtd +3.50%. Oversold Mean-Reversion is the worst mtd at -11.44%. Factor spreads compress sharply: Momentum - LowVol mtd -7.99%, HighBeta - LowVol -7.75%. Credit spread widens 0.90% mtd. The persistent breadth decay and factor rotation reinforce a cautious tactical posture.

Data Quality and Coverage

SourceAs of
intraday_bars2026-07-09T06:45:00-04:00
warehouse_snapshot2026-07-09
proxy_daily2026-07-08
screener_artifact2026-07-08T20:33:12.166787-04:00
grouped_dailyunavailable
  • Overall coverage: 57.9%
  • 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 2026-07-09T07:00:20-04:00; every figure above is computed deterministically from report.json