Market Weather
Breadth, seasonality & regime — updated 2026-03-20
Market Regime
Risk-Off
Dow Theory: CONFIRMED BEARISH
VIX
26.8
High
SPY TSI
-16.7
Bearish
QQQ TSI
-9.3
Lean Bear
DIA TSI
-26.6
Bearish
IWM TSI
-18.6
Bearish
Sector Strength
39%
Avg bullish
Stock Weather Movers
Most Improved
Most Deteriorated
ETF Weather Movers
Most Deteriorated
Presidential Cycle Seasonality
2026 — 2nd Term Year 2 (Donald Trump, R) · 20-year average vs cycle pattern vs current year
SPY
YTD: -5.1%
QQQ
YTD: -5.2%
DIA
YTD: -5.6%
IWM
YTD: -2.6%
Index & Sector Breadth
% of holdings with bullish TSI (trend strength) — higher = broader participation
SPY
S&P 500
BEARISH
Above SMA50: 21%
Above SMA200: 45%
Avg TSI: -6.8
QQQ
Nasdaq 100
BEARISH
Above SMA50: 18%
Above SMA200: 40%
Avg TSI: -5.4
DIA
Dow Jones
BEARISH
Above SMA50: 13%
Above SMA200: 47%
Avg TSI: -6.9
IWM
Russell 2000
BEARISH
Above SMA50: 22%
Above SMA200: 43%
Avg TSI: -9.1
IYT
Transports
BEARISH
Above SMA50: 12%
Above SMA200: 56%
Avg TSI: -18.1
XLB
Materials
BEARISH
Above SMA50: 23%
Above SMA200: 54%
Avg TSI: -7.4
XLC
Communication
BEARISH
Above SMA50: 17%
Above SMA200: 26%
Avg TSI: -3.1
XLE
Energy
BULLISH
Above SMA50: 95%
Above SMA200: 95%
Avg TSI: +26.4
XLF
Financials
BEARISH
Above SMA50: 7%
Above SMA200: 32%
Avg TSI: -16.7
XLI
Industrials
BEARISH
Above SMA50: 14%
Above SMA200: 52%
Avg TSI: -9.7
XLK
Technology
BEARISH
Above SMA50: 28%
Above SMA200: 35%
Avg TSI: -6.4
XLP
Consumer Staples
LEAN BEARISH
Above SMA50: 14%
Above SMA200: 44%
Avg TSI: -8.1
XLRE
Real Estate
LEAN BEARISH
Above SMA50: 19%
Above SMA200: 39%
Avg TSI: -2.8
XLU
Utilities
BULLISH
Above SMA50: 68%
Above SMA200: 84%
Avg TSI: +21.4
XLV
Healthcare
BEARISH
Above SMA50: 10%
Above SMA200: 38%
Avg TSI: -13.9
XLY
Consumer Disc.
BEARISH
Above SMA50: 4%
Above SMA200: 33%
Avg TSI: -14.5
Stock Weather Distribution
☀️ Sunny: 14
⛅ Partly Cloudy: 745
☁️ Cloudy: 1860
🌧️ Rainy: 4525
⛈️ Stormy: 4861