Daily Pulse

Friday, September 18, 2026 · measured after the close · a past session — jump to the latest

Market regime: Risk-Off · universe tone 26% bullish / 55% bearish

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

XLK LeadingXLV WeakeningXLE WeakeningXLC LaggingXLF LaggingXLP LaggingXLY LaggingXLI Lagging

Signal events

Market regime shifted: Cautious → Risk-Off

Tide change — tailwinds and headwinds just moved

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New hedge idea — Long GILD / Short CVS

Health Care · Δ68 · both legs fresh

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New hedge idea — Long SMCI / Short FSLR

Technology · Δ55 · both legs fresh

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10 pairs left Hedge Ideas

mostly leader faded ? — ABBV/CVS, ANET/AVGO, ANET/WDC, PLTR/AVGO, CVX/EQT, PM/PEP… · worth a review if you took one (tested exit: a 3-day Narrowing run)

SPOT — confirmed weakness

Alpha 29, still bleeding · avoid / underweight

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F — confirmed weakness

Alpha 23, still bleeding · avoid / underweight

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GM strength run ended

Momentum cooling — the early reduce warning

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COIN — confirmed strength

Alpha 73, still building · Financials

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CL weakness run ended

Pressure lifting

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UBER — confirmed weakness

Alpha 21, still bleeding · avoid / underweight

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Hedge ideas on the board

Long GILD / Short CVS Health Care · Δ68 · Widening↗

Long DHR / Short CVS Health Care · Δ64 · Widening↗

Long SMCI / Short FSLR Technology · Δ55 · Widening↗

Long SMCI / Short ENPH Technology · Δ55 · Widening↗

Long PLTR / Short FSLR Technology · Δ54 · Widening↗

Long ABBV / Short UNH Health Care · Δ52 · Widening↗

Leaders & laggards by Alpha

89TMOThermo Fisher↗ 88METAMeta Platforms↗ 85NETCloudflare↗ 87BBYBest Buy↗ 84DELLDell Technologies↗

11STZConstellation Brands↗ 11RCLRoyal Caribbean↗ 12CCLCarnival↗ 13PEPPepsiCo↗ 13DKNGDraftKings↗

← 2026-09-172026-09-21 →

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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