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 · ideas, not desk trades

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

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

Long SMCI / Short FSLR Technology · Δ55 · Widening · pair page↗

Long SMCI / Short ENPH Technology · Δ55 · Widening · pair page↗

Long PLTR / Short FSLR Technology · Δ54 · Widening · pair page↗

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

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. Replayed figures are hypothetical: today's rules applied to past prices, after modelled costs, and no account was traded on them. Hypothetical results have inherent limitations and do not represent actual trading. Past performance, including backtested results, does not guarantee future outcomes. Trading stocks involves substantial risk of loss. · Operator's Manual · About · Support · Terms · Privacy · Refunds · © 2026 TradeMath, a trade name of Nitrode Corporation