Daily Pulse

Wednesday, September 9, 2026 · measured after the close · a past session — jump to the latest

Market regime: Risk-Off · universe tone 29% bullish / 48% bearish

The tape: Trending — trending tape — hedge pairs tested at full strength here; the board runs hot what this means ▸

XLE LeadingXLK LeadingXLF WeakeningXLV LaggingXLC LaggingXLP LaggingXLI LaggingXLY Lagging

Signal events

New hedge idea — Long NET / Short CIEN

Technology · Δ59 · both legs fresh

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New hedge idea — Long NET / Short SHOP

Technology · Δ56 · both legs fresh

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9 pairs left Hedge Ideas

mostly leader stretched ? — NVDA/CIEN, INTC/CIEN, META/GOOGL, WFC/AXP, C/AXP, WFC/BLK… · worth a review if you took one (tested exit: a 3-day Narrowing run)

RDDT — confirmed weakness

Alpha 25, still bleeding · avoid / underweight

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UBER — confirmed weakness

Alpha 24, still bleeding · avoid / underweight

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NET — confirmed strength

Alpha 75, still building · Technology

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BX — confirmed weakness

Alpha 16, still bleeding · avoid / underweight

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DAL weakness run ended

Pressure lifting

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FDX — confirmed weakness

Alpha 24, still bleeding · avoid / underweight

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ETN — confirmed strength

Alpha 70, still building · Industrials

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Hedge ideas on the board

Long NET / Short CIEN Technology · Δ59 · Widening↗

Long NET / Short SHOP Technology · Δ56 · Widening↗

Long TMO / Short ISRG Health Care · Δ53 · Flattening↗

Long GEV / Short AXON Industrials · Δ52 · Widening↗

Long ANET / Short CIEN Technology · Δ52 · Widening↗

Long TMO / Short LLY Health Care · Δ51 · Widening↗

Leaders & laggards by Alpha

87BBYBest Buy↗ 85METAMeta Platforms↗ 85DELLDell Technologies↗ 84LITELumentum↗ 82WFCWells Fargo↗

11STZConstellation Brands↗ 14COSTCostco↗ 14CCLCarnival↗ 14ISRGIntuitive Surgical↗ 15NKENike↗

← 2026-09-082026-09-10 →

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Analytical tools and historical measurements for educational and informational purposes only — not investment advice or a recommendation. Past behavior, including backtested results, does not guarantee future outcomes. · Operator's Manual · Are you an AI? · © 2026 TradeMath