Equities, every sector.

Sectors, names, short volume, options and sentiment — the whole equity record, not a summary of it.

Where things stand

updated 2h ago

US equities rank 3 of 8 asset classes on strength (+0.30). Across 68 names, SNOW is strongest and MARA weakest.

In yesterday's session, Real Estate (+1.32%) led and Health Care (-0.81%) lagged, across 11 sector groups — one day's move, not the trend ranking below.

The crowd's mood reads greed at 66 out of 100, against 64.4 a week ago.

No system of ours has an equity order or position right now — the books that trade are in metals, currencies and crypto.

We don't publish a sector-rotation forecast — that model's forward calls are not gated.

What this is

Equities are the one asset class where almost everything that matters is public and free — what each sector is doing, how far every name sits from its own high, how much of the tape is short, what options buyers are paying up for, and which way the sentiment gauges lean. Most of it is scattered across a dozen sites. It is all here, in full, with the arithmetic behind each number stated rather than implied.

Where the cycle is

Leadership sits with Financials (+1.10) — historically a mid cycle signature.

Mid cycle — steepening yield curve, lending growth.

Defensive sectors are running 0.40 behind early-cycle sectors.

This is a description of what is leading right now, read against the textbook order in which sectors normally lead. It is not a forecast, and sector leadership has reversed before the label did plenty of times.

All 13 sectors, in full

1. Financials5 in 5d+1.10
Members rising100%
Spread within the sector0.27
Strength change, 5 days+0.341
Strongest / weakest memberXLF / KRE
Built from KRE, XLF
2. Energy10 in 5d+0.94
Members rising100%
Spread within the sector0.07
Strength change, 5 days+1.464
Strongest / weakest memberXLE / XOP
Built from XOP, XLE
3. Health Care1 in 5d+0.83
Members rising100%
Spread within the sector0.23
Strength change, 5 days0.202
Strongest / weakest memberXLV / XBI
Built from XBI, XLV
4. Innovation/Growth1 in 5d+0.83
Members rising100%
Spread within the sector0.19
Strength change, 5 days0.062
Strongest / weakest memberARKK / BOTZ
Built from BOTZ, ARKK
5. Consumer Staples3 in 5d+0.39
Members rising100%
Strength change, 5 days+0.275
Strongest / weakest memberXLP / XLP
Built from XLP
6. Metals Miners5 in 5d+0.34
Members rising75%
Spread within the sector0.32
Strength change, 5 days1.096
Strongest / weakest memberGDXJ / REMX
Built from REMX, COPX, GDX, GDXJ
7. Uranium/Nuclear3 in 5d+0.33
Members rising100%
Spread within the sector0.08
Strength change, 5 days0.553
Strongest / weakest memberURA / NLR
Built from NLR, URNM, URA
8. Technology1 in 5d+0.13
Members rising100%
Spread within the sector0.26
Strength change, 5 days0.303
Strongest / weakest memberXLK / SOXX
Built from SOXX, SMH, XLK
9. Consumer Disc.4 in 5d−0.01
Members rising0%
Strength change, 5 days0.815
Strongest / weakest memberXHB / XHB
Built from XHB
10. Agri Equities1 in 5d−0.04
Members rising50%
Spread within the sector0.15
Strength change, 5 days0.151
Strongest / weakest memberDBA / MOO
Built from MOO, DBA
11. Clean Energy1 in 5d−0.13
Members rising33%
Spread within the sector0.31
Strength change, 5 days0.090
Strongest / weakest memberLIT / TAN
Built from TAN, ICLN, LIT
12. Real Estate1 in 5d−0.18
Members rising0%
Spread within the sector0.04
Strength change, 5 days0.114
Strongest / weakest memberIYR / VNQ
Built from VNQ, IYR
13. Utilities−0.38
Members rising0%
Strength change, 5 days+0.266
Strongest / weakest memberXLU / XLU
Built from XLU

Open any sector for what sits underneath its score — how many members are rising, how far apart they are, and which ETF is carrying it. A sector can rank first on one strong member while the rest go nowhere; the spread number is what tells you which kind of first place it is.

We tested this
We tested cross-asset flow and strength as a way to pick what to trade next. Every feature came out lagging or coincident at a five-day horizon: by the time it shows up here, the move has happened.

Sector & index ETFs

ETFPrice5d20d
SLVSilver58.16+1.1%+14.5%
XLKTechnology190.77+1.5%+8.7%
GLDGold398.96+0.1%+8.3%
XLEEnergy61.06+6.2%+5.9%
QQQNasdaq 100 (Tech Heavy)732.07+1.3%+5.3%
SPYS&P 500 (Broad Market)777.88+0.6%+4.7%
XLVHealthcare168.38+1.6%+4.5%
XLIIndustrials185.79+0.3%+3.6%
Show all 19
XLFFinancials58.26+1.1%+3.5%
XLBMaterials52.31−1.0%+3.5%
IWMRussell 2000 (Small Cap)303.5+0.6%+3.2%
XLYConsumer Discretionary118.45−1.2%+2.6%
ETHEEthereum Proxy15.19−1.8%+2.2%
XLPConsumer Staples86+1.0%+0.9%
XLCCommunication Services112.55+1.2%−0.1%
XLREReal Estate45.12+0.7%−0.8%
IBITBitcoin Proxy35.88−2.5%−1.3%
TLTTreasury Bonds (20yr+)82.59−0.2%−1.9%
XLUUtilities44.04+1.0%−2.5%

All 19 we track, sorted by 20-day return. Volatility is annualised from recent daily moves — it says how bumpy the ride has been, not which way it is going. The file behind this table also carries a directional call and a 0–100 score from an un-gated system; we publish its observations and withhold its verdicts. Its options-flow read is inert right now — 11 of 19 rows report no flow at all, so showing it would be dressing a blank as a signal.

Every name we score, and what it held up against

NameFrom its highHeld up by
AAPLvs SPY−11.4%+0.00
ADMvs SPY−9.4%+0.00
AMDvs SPY−17.4%+0.00
AMZNvs SPY−7.7%+0.00
ARKKvs SPY−2.1%+0.00
ARMvs SPY−38.4%+0.00
ASHRvs SPY−6.8%+0.00
ASX200vs SPY−1.8%+0.00
AVGOvs SPY−15.6%+0.00
BABAvs SPY−16.8%+0.00
Show all 91
BOTZvs SPY−9.3%+0.00
CAC40vs SPY−0.9%+0.00
CCJvs SPY−25.5%+0.00
CFvs SPY−16.1%+0.00
CLSKvs SPY−39.9%+0.00
COINvs SPY−30.8%+0.00
COPXvs SPY−8.9%+0.00
CRMvs SPY−4.7%+0.00
CVXvs SPY−3.4%+0.00
DAXvs SPY−0.9%+0.00
DBAvs SPY−4.2%+0.00
DEvs SPY−4.9%+0.00
FCXvs SPY−7.5%+0.00
FXIvs SPY−9.1%+0.00
GDXvs SPY−13.8%+0.00
GDXJvs SPY−15.1%+0.00
GLDvs SPY−11.1%+0.00
GOOGLvs SPY−15.2%+0.00
HANG_SENGvs SPY−5.2%+0.00
HYGvs SPY−1.2%+0.00
IAUvs SPY−11.0%+0.00
ICLNvs SPY−22.8%+0.00
IWMvs SPY−0.5%+0.00
IYRvs SPY−3.0%+0.00
JDvs SPY−14.6%+0.00
JPMvs SPY−0.9%+0.00
KREvs SPY−0.8%+0.00
KWEBvs SPY−12.7%+0.00
LITvs SPY−18.8%+0.00
MARAvs SPY−43.9%+0.00
MCHIvs SPY−9.2%+0.00
METAvs SPY−14.0%+0.00
MOOvs SPY−6.4%+0.00
MOSvs SPY−19.8%+0.00
MPvs SPY−27.5%+0.00
MSFTvs SPY−3.3%+0.00
MSTRvs SPY−50.7%+0.00
MUvs SPY−24.3%+0.00
NEMvs SPY−6.4%+0.00
NFLXvs SPY−28.2%+0.00
NIKKEIvs SPY−4.6%+0.00
NLRvs SPY−21.2%+0.00
NOWvs SPY−8.6%+0.00
NVDAvs SPY−4.8%+0.00
OXYvs SPY−10.2%+0.00
PAASvs SPY−27.2%+0.00
PLTRvs SPY−0.5%+0.00
REMXvs SPY−31.8%+0.00
RIOTvs SPY−36.6%+0.00
SCCOvs SPY−7.7%+0.00
SLBvs SPY−11.5%+0.00
SLVvs SPY−28.1%+0.00
SNOWvs SPY−1.3%+0.00
SOXXvs SPY−16.0%+0.00
SPYis its own benchmark−0.2%+0.00
STOXX50vs SPY−0.7%+0.00
TANvs SPY−30.6%+0.00
TLTvs SPY−5.9%+0.00
TSLAvs SPY−25.0%+0.00
TSXvs SPY+0.0%+0.00
UK100vs SPY−1.4%+0.00
URAvs SPY−23.3%+0.00
URNMvs SPY−24.7%+0.00
USOvs SPY−18.9%+0.00
UUUUvs SPY−43.5%+0.00
VNQvs SPY−3.2%+0.00
XBIvs SPY−5.3%+0.00
XHBvs SPY−7.1%+0.00
XLEvs SPY−1.0%+0.00
XLFvs SPY−0.3%+0.00
XLPvs SPY−3.1%+0.00
XLUvs SPY−7.7%+0.00
XLVvs SPY−0.8%+0.00
XOPvs SPY−2.1%+0.00
DIAis its own benchmark−1.6%+0.00
IHSGis its own benchmark−18.0%+0.00
QQQis its own benchmark−2.2%+0.00
IBITvs BTC−22.9%−0.15
FBTCvs BTC−23.0%−0.15
XLKvs QQQ−4.0%−0.81
SMHvs QQQ−12.3%−4.56

All 91 names in the scan — mostly US stocks and sector ETFs, plus a few overseas indices — sorted by how they held up. “From its high” is the drawdown from that name's own 90-day peak. “Held up by” is that fall measured against its benchmark's fall, as a multiple of the benchmark's own decline: +1.00 means the name was flat while the benchmark took its full drop, 0 means they fell together, negative means it fell harder. Most are measured against SPY, itself −0.2% from its high; 7 rows use a different benchmark and each row says which. The measure is switched off when the benchmark has barely fallen, so a shallow market leaves most of this column at zero — that is the measure declining to speak, not everything performing identically. Ninety days of history, and nothing more.

How much of the tape is short

Market-wide, 50.3% of reported volume was short, against 50.7% the session before.

TickerShort volume
QQQ74.7%
SPY67.8%
PLTR60.4%
IWM58.9%
USO57.8%
TLT56.1%
ETHE51.6%
AMD50.6%
Show all 22
MSFT49.1%
TSLA47.0%
GDX47.0%
IBIT46.6%
GLD45.0%
SLV42.8%
SMCI42.3%
COIN39.6%
MSTR38.0%
AAPL35.9%
NVDA33.4%
GOOGL32.8%
AMZN31.1%
META24.3%

FINRA publishes this daily and free, and it is widely misread. This is the share of reported volume executed on the short side — it is not short interest, and a high figure is usually market-makers hedging, not a crowd betting against the name. Around half of all volume prints short on a normal day. Session of 2026-08-13. We hold 30 days of this — too short to say where today sits in its own range, so we do not pretend to. That record is accumulating.

Not tested by us
We have not tested this against forward returns. It is also the most misread number on this page — it is not short interest.

What options buyers are paying for

All listed options0.84was 0.81
Index options1.03was 0.90
ETF options0.86was 0.87
Single stocks0.61was 0.63
VIX options0.53was 0.20
S&P 500 options1.14was 1.15

Puts traded for every call. Above 1.00 means more puts than calls changed hands. Index and single-stock ratios usually disagree and both are shown — index puts are largely portfolio insurance, single-stock calls are largely speculation, so the gap between the two lines says more than either on its own. Session of 2026-08-12. Only 29 days of history here, so no range placement — a percentile off three weeks would look authoritative and mean nothing.

Not tested by us
We publish these ratios and have not tested them as a signal. Treat them as a description of what traded, not a forecast.

Sentiment, and what it is made of

The gauge reads 66greed (Yesterday 66, A week ago 64, A month ago 41, A year ago 63).That is near the top of its range — higher than 92% of the 251 daily readings we hold, going back to 2025-08-14.

S&P 500 vs its 125-day average79extreme greed
New highs vs new lows31fear
Volume in rising vs falling stocks59greed
Put/call ratio73greed
Volatility (VIX)50neutral
Junk-bond demand97extreme greed
Stocks vs bonds80extreme greed

All seven inputs, not just the headline. The number everyone quotes is an average of these, and the average hides the disagreement — it is worth knowing when the gauge reads “fear” because volatility is elevated versus because breadth has rolled over. Sentiment is a description of the present, not a timing tool: it has sat at an extreme for months at a stretch.

Not tested by us
We have never tested whether this gauge predicts returns. It is widely quoted and widely misused — it has sat at an extreme for months at a stretch.

Congressional trading activity

137 House disclosure filings in the past 90 days20 · 17 · 8 · 6 · 12 · 8 over the last 6 weeks.

This is filing activity — how many disclosures were lodged, not what was bought. The tickers sit inside individual PDFs that we do not yet parse, so we publish the count and say plainly that the count is all it is. The Senate's disclosure search currently refuses automated access, so this covers the House only.

Observations, not recommendations — nothing on this page is a trade. Our graded calls and their record live elsewhere. Cross-asset view · Currencies · Our record. Educational information, not financial advice.
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