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 · ideas, not desk trades

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

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

Long ETN / Short UPS Industrials · Δ62 · Widening · pair page↗

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

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

Long DDOG / Short ENPH Technology · Δ60 · Widening · pair page↗

Leaders & laggards by Alpha

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

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

← 2026-09-212026-09-23 →

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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