Daily Pulse

Tuesday, September 22, 2026 · measured after the close · a past session — jump to the latest

Market regime: Cautious · universe tone 35% bullish / 52% bearish

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

XLV LeadingXLK LeadingXLC LeadingXLE LaggingXLP LaggingXLY LaggingXLF LaggingXLI Lagging

Signal events

New hedge idea — Long SHOP / Short ENPH

Technology · Δ61 · both legs fresh

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New hedge idea — Long SHOP / Short FSLR

Technology · Δ59 · both legs fresh

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7 pairs left Hedge Ideas

mostly leader faded ? — JNJ/CVS, ETN/UBER, SMCI/ENPH, ETN/BA, SMCI/FSLR, PLTR/FSLR… · worth a review if you took one (tested exit: a 3-day Narrowing run)

SHOP — confirmed strength

Alpha 71, still building · Technology

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SPOT — confirmed weakness

Alpha 26, still bleeding · avoid / underweight

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HOOD — confirmed strength

Alpha 83, still building · Financials

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CL weakness run ended

Pressure lifting

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DELL strength run ended

Momentum cooling — the early reduce warning

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RBLX strength run ended

Momentum cooling — the early reduce warning

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RIVN — confirmed weakness

Alpha 22, still bleeding · avoid / underweight

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Hedge ideas on the board

Long DHR / Short CVS Health Care · Δ71 · Widening↗

Long ABBV / Short CVS Health Care · Δ66 · Widening↗

Long ETN / Short UPS Industrials · Δ62 · Widening↗

Long SHOP / Short ENPH Technology · Δ61 · Widening↗

Long ABBV / Short UNH Health Care · Δ60 · Widening↗

Long DDOG / Short ENPH Technology · Δ60 · Widening↗

Leaders & laggards by Alpha

90TMOThermo Fisher↗ 90GILDGilead Sciences↗ 88DEDeere↗ 88NETCloudflare↗ 88AAPLApple↗

11CHTRCharter↗ 10ENPHEnphase Energy↗ 12STZConstellation Brands↗ 13TMUST-Mobile↗ 13FDXFedEx↗

← 2026-09-21latest

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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