Sector Conviction where money has been going · below 70 the order is not a forecast
Lenses operator only
Breadth DIAGNOSTIC — not in score
Rotation Intensity ?
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How hard sectors are separating. A percentile: how spread apart the 11 sectors are today versus the past year. It measures rotation, not money volume.
- 100 — widest separation in a year. Strong winners and losers; sector choice matters most.
- 50 — a typical spread for the past year.
- 0 — sectors moving together; little rotation, an index-like tape.
It reads the environment — it doesn't predict which sector wins next.
Momentum · Last 2 WeeksSTRONGEST FIRST · bars = how hard
◀ Losing steam
Gaining steam ▶
Who is gaining or losing ground on the average stock over about 2 weeks. A sector can be up and still losing steam. For where money actually went, read This Week below.
This Week · Money Flow
SECTORWEEK VS RSP · ONE SCALEWEEK
52-WEEK CONTEXT
Bar = the week's move against RSP, every row on one scale.
Day squares = each session's push; an outlined square has not happened yet; a struck square is a day the market was closed.
Right = where this week sits against the last 52. A fact and its context, not a forecast.
How It Developed · 14 Weeks
the quarter behind the week · % ahead of / behind RSP over 60 sessions
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outin
Intraday Sector
the 15-minute rotation race · tap a bar for the read
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Rotation Intensity
loading the day's 15-minute frames…
Regime
Market trend is our long term trend rule on the S&P: its 300 day average, with a 2% buffer so it doesn't flip on noise. It says which way the big trend points, never what happens next. Below it, how to read the regime: the backdrop over the whole board. In a trend (risk-on or risk-off), conviction scores show at full size; in chop, a market with no clean direction, the model scales them down 40%. That's a built-in caution rule. The label describes the market. It doesn't say which sectors lead next: we tested that idea against 27 years of our own labels, found no reliable tilt either way, and stopped saying it. Think of it as the weather over everything else here. Context, not a trade.
Macro Lead Tape cross-asset drivers · rotation pairs
How to read it: green = the cross-asset gauges read calm (risk-on); red = they read stressed (risk-off). It describes conditions, not which sectors lead next. It's the market's weather, context, not a trade. One pair reads differently: Software vs Chips is drawn in gray because it shows which side of tech money has favored lately, not risk-on or risk-off.
Benchmark RSP — S&P Equal-Weight · daily
How to read it: RSP is the average S&P 500 stock (all 500 weighted equally, not dominated by mega-caps). Every conviction score is measured against it, positive means outpacing the average stock. It's the yardstick, not something you trade.