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Daily Pulse

Monday, September 21, 2026 · measured after the close · a past session: jump to the latest

Market regime: Cautious · universe tone 33% bullish / 51% bearish

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

XLK LeadingXLC LeadingXLV WeakeningXLE LaggingXLF LaggingXLP LaggingXLY LaggingXLI Lagging

Signal events

Market regime shifted: Risk-Off → Cautious

Tide change — tailwinds and headwinds just moved

New hedge idea — Long DDOG / Short ENPH

Technology · Δ65 · both legs fresh

New hedge idea — Long JNJ / Short CVS

Health Care · Δ64 · both legs fresh

5 pairs left Hedge Ideas

mostly leader faded ?, GILD/CVS, ACN/AMAT, TGT/WMT, TGT/MDLZ, ETN/UPS · worth a review if you took one (tested exit: a 3-day Narrowing run)

SPOT weakness run ended

Pressure lifting

CL — confirmed weakness

Alpha 25, still bleeding · avoid / underweight

ENPH — confirmed weakness

Alpha 11, still bleeding · avoid / underweight

OXY — confirmed weakness

Alpha 24, still bleeding · avoid / underweight

BMY — confirmed weakness

Alpha 29, still bleeding · avoid / underweight

WDC — confirmed weakness

Alpha 19, still bleeding · avoid / underweight

Hedge ideas on the board · ideas, not desk trades

Long DHR / Short CVS Health Care · Δ70 · Widening · pair page↗

Long DDOG / Short ENPH Technology · Δ65 · Widening · pair page↗

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

Long ETN / Short UBER Industrials · Δ63 · Widening · pair page↗

Long SMCI / Short ENPH Technology · Δ61 · Widening · pair page↗

Long ETN / Short BA Industrials · Δ61 · Widening · pair page↗

Leaders & laggards by Alpha

89TMOThermo Fisher↗ 87NETCloudflare↗ 86AAPLApple↗ 85AMDAdvanced Micro Devices↗ 85CRWDCrowdStrike↗

10STZConstellation Brands↗ 11ENPHEnphase Energy↗ 11FDXFedEx↗ 12RCLRoyal Caribbean↗ 12PEPPepsiCo↗

← 2026-09-182026-09-22 →

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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