Money is strongest in Health Care, and 6 names lead on both price and earnings.
Two of five checks are live. The market, timing and trade come online next.
Strongest path: Health Care
Assets: Gold leading
Based on the 2026-08-25 close
What kind of market is this?
Coming soon
Which of five market conditions we are in, how long it has held, and what that means for how you trade today.
What this step needs
Four macro readings — the economy, money supply, interest rates and a fear gauge — plus the agreed cut points that turn them into one label.
Why it is not live
The method is written down and locked, but none of those four readings has a data source yet, and the cut points are still open. Rather than guess a market label, this step stays dark.
Nothing is estimated in the meantime. An empty step is an honest step.
Where is the money going?
Live
Health Care· no sub-group tracked under this one yetAssets: Gold leading▾
Gold (GLD) — relative strength vs SPY is +1.07% over 63 sessions; that level has moved +17.76pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25.
Health Care+15.9%▲
building▾
Health Care (XLV) — relative strength vs SPY is +15.88% over 63 sessions; that level has moved +6.21pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Financials+10.3%▲
building▾
Financials (XLF) — relative strength vs SPY is +10.31% over 63 sessions; that level has moved +3.36pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Big Banks+4.7%·
steady▾
Big Banks (KBE) — relative strength vs SPY is +4.70% over 63 sessions; that level has moved -0.89pp over the last 21 sessions (within ±1.0pp) → steady (inflow steady, neutral). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Energy+5.6%▲
building▾
Energy (XLE) — relative strength vs SPY is +5.62% over 63 sessions; that level has moved +6.03pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Oil & Gas E&P+8.1%▲
building▾
Oil & Gas E&P (XOP) — relative strength vs SPY is +8.06% over 63 sessions; that level has moved +10.65pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Materials+3.1%▲
building▾
Materials (XLB) — relative strength vs SPY is +3.10% over 63 sessions; that level has moved +7.38pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Consumer Staples+1.8%▲
building▾
Consumer Staples (XLP) — relative strength vs SPY is +1.83% over 63 sessions; that level has moved +2.33pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Industrials+0.3%▼
strong, cooling▾
Industrials (XLI) — relative strength vs SPY is +0.29% over 63 sessions; that level has moved -2.30pp over the last 21 sessions (< -1.0pp) → fading ▼ (inflow fading, negative). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Real Estate+0.0%▼
strong, cooling▾
Real Estate (XLRE) — relative strength vs SPY is +0.04% over 63 sessions; that level has moved -1.43pp over the last 21 sessions (< -1.0pp) → fading ▼ (inflow fading, negative). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Consumer Disc.-3.3%▲
outflow fading▾
Consumer Disc. (XLY) — relative strength vs SPY is -3.29% over 63 sessions; that level has moved +6.56pp over the last 21 sessions (> +1.0pp) → building ▲ (outflow fading, constructive). A negative level means it trails SPY; the outflow is what's shrinking, not the group gaining. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Technology-3.9%▼
outflow deepening▾
Technology (XLK) — relative strength vs SPY is -3.93% over 63 sessions; that level has moved -8.87pp over the last 21 sessions (< -1.0pp) → fading ▼ (outflow deepening, negative). A negative level means it trails SPY; the outflow is deepening — the group is falling further behind. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Cybersecurity+7.1%▼
strong, cooling▾
Cybersecurity (CIBR) — relative strength vs SPY is +7.07% over 63 sessions; that level has moved -20.71pp over the last 21 sessions (< -1.0pp) → fading ▼ (inflow fading, negative). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Software / Cloud+5.9%▲
building▾
Software / Cloud (IGV) — relative strength vs SPY is +5.87% over 63 sessions; that level has moved +3.05pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Quantum Computing-8.2%▼
outflow deepening▾
Quantum Computing (QTUM) — relative strength vs SPY is -8.16% over 63 sessions; that level has moved -10.49pp over the last 21 sessions (< -1.0pp) → fading ▼ (outflow deepening, negative). A negative level means it trails SPY; the outflow is deepening — the group is falling further behind. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
AI & Semiconductors-9.8%▼
outflow deepening▾
AI & Semiconductors (SMH) — relative strength vs SPY is -9.77% over 63 sessions; that level has moved -14.13pp over the last 21 sessions (< -1.0pp) → fading ▼ (outflow deepening, negative). A negative level means it trails SPY; the outflow is deepening — the group is falling further behind. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Communication Svcs-4.0%▲
outflow fading▾
Communication Svcs (XLC) — relative strength vs SPY is -4.01% over 63 sessions; that level has moved +5.98pp over the last 21 sessions (> +1.0pp) → building ▲ (outflow fading, constructive). A negative level means it trails SPY; the outflow is what's shrinking, not the group gaining. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Utilities-6.0%▼
outflow deepening▾
Utilities (XLU) — relative strength vs SPY is -6.01% over 63 sessions; that level has moved -1.93pp over the last 21 sessions (< -1.0pp) → fading ▼ (outflow deepening, negative). A negative level means it trails SPY; the outflow is deepening — the group is falling further behind. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Nuclear Power-7.5%▲
outflow fading▾
Nuclear Power (URA) — relative strength vs SPY is -7.48% over 63 sessions; that level has moved +22.28pp over the last 21 sessions (> +1.0pp) → building ▲ (outflow fading, constructive). A negative level means it trails SPY; the outflow is what's shrinking, not the group gaining. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Across the whole market
Gold+1.1%▲
building▾
Gold (GLD) — relative strength vs SPY is +1.07% over 63 sessions; that level has moved +17.76pp over the last 21 sessions (> +1.0pp) → building ▲ (inflow building, constructive). Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Commodities-1.0%▲
outflow fading▾
Commodities (DBC) — relative strength vs SPY is -0.95% over 63 sessions; that level has moved +5.44pp over the last 21 sessions (> +1.0pp) → building ▲ (outflow fading, constructive). A negative level means it trails SPY; the outflow is what's shrinking, not the group gaining. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Cash-1.4%▲
outflow fading▾
Cash (BIL) — relative strength vs SPY is -1.37% over 63 sessions; that level has moved +1.41pp over the last 21 sessions (> +1.0pp) → building ▲ (outflow fading, constructive). A negative level means it trails SPY; the outflow is what's shrinking, not the group gaining. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Dollar-1.6%▼
outflow deepening▾
Dollar (UUP) — relative strength vs SPY is -1.58% over 63 sessions; that level has moved -1.86pp over the last 21 sessions (< -1.0pp) → fading ▼ (outflow deepening, negative). A negative level means it trails SPY; the outflow is deepening — the group is falling further behind. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Bonds-3.0%▲
outflow fading▾
Bonds (TLT) — relative strength vs SPY is -3.00% over 63 sessions; that level has moved +2.88pp over the last 21 sessions (> +1.0pp) → building ▲ (outflow fading, constructive). A negative level means it trails SPY; the outflow is what's shrinking, not the group gaining. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Stocksthe benchmark everything else is measured against+2.3%axis▾
Stocks is the benchmark reference row (SPY): its own absolute return is +2.30% over 63 sessions. It carries no building/steady/fading marker — relative strength against itself is zero by construction. Measure: price-based relative strength vs SPY over 63 sessions — not fund flows, not dollars. As of 2026-08-25. Bars use a fixed ±25% scale across the whole section.
Measured as price strength versus the market — not fund flows. Tap any row for the full reading. Bars use a fixed ±25% scale across the whole section.
Who's leading?
6 clear leaders todayEvaluating
Fed from the hottest money path in Step 2. Only names strong on both price and earnings earn a card. Tap a card for the receipt.
▾
1
SNOW — Snowflake Inc.
Software / Cloud
Price
Very strong
Earnings
Very strong
The receipt — SNOW
Price strength
98 / 100
Earnings strength
96 / 100
Overall
97 / 100
Group
Software / Cloud
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
▾
2
OKTA — Okta, Inc.
Cybersecurity
Price
Very strong
Earnings
Very strong
The receipt — OKTA
Price strength
96 / 100
Earnings strength
90 / 100
Overall
93 / 100
Group
Cybersecurity
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
▾
3
NET — Cloudflare, Inc.
Cybersecurity
Price
Very strong
Earnings
Strong
The receipt — NET
Price strength
92 / 100
Earnings strength
86 / 100
Overall
89 / 100
Group
Cybersecurity
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
▾
4
PLTR — Palantir Technologies Inc.
Software / Cloud
Price
Strong
Earnings
Strong
The receipt — PLTR
Price strength
88 / 100
Earnings strength
76 / 100
Overall
82 / 100
Group
Software / Cloud
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
▾
5
FTNT — Fortinet, Inc.
Cybersecurity
Price
Strong
Earnings
Strong
The receipt — FTNT
Price strength
78 / 100
Earnings strength
75 / 100
Overall
76 / 100
Group
Cybersecurity
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
▾
6
CRM — Salesforce, Inc.
Software / Cloud
Price
Strong
Earnings
Strong
The receipt — CRM
Price strength
80 / 100
Earnings strength
71 / 100
Overall
75 / 100
Group
Software / Cloud
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
6 names clear both bars today — more than the usual 2–5. All are shown; none are hidden.
Your whole universe, strongest to weakest
SNOW
97
OKTA
93
NET
89
PLTR
82
FTNT
76
CRWD
76
CRM
75
BAC
73
USB
72
MS
69
DDOG
69
MU
64
STX
64
PNC
63
COP
62
C
62
SNDK
60
MSFT
58
LRCX
58
EOG
55
AMAT
55
JPM
54
CVX
54
OXY
53
NOW
52
ADBE
51
PANW
50
S
49
XOM
48
FANG
48
QUBT
48
CEG
47
WFC
45
GS
45
VST
39
NVDA
37
AMD
37
RGTI
32
DVN
29
TLN
29
LEU
25
ORCL
25
AVGO
20
IBM
19
WDC
19
QCOM
15
KLAC
14
ZS
12
SMR
12
QBTS
11
IONQ
11
Very strong = 90+ · Strong = 70+ · cards are ordered by overall score.
Getting ready · 5 — not enough history yet to score: TSM, ARQQ, CCJ, OKLO, NNE
Ranked on price strength and earnings strength versus the market.
Is the timing right?
Coming soon
Whether now is the moment to act on a leader, or whether to wait — with the exact condition that would change the answer, written out in advance.
What this step needs
A definition of the setup, the pullback and the buy zone, and an alerting rule.
Why it is not live
No specification has been written for this step yet, so there is nothing to build against. It is next after the two above.
Nothing is estimated in the meantime. An empty step is an honest step.
Is the trade worth the risk?
Coming soon
Whether the reward justifies the risk, how much to put on, and the exit plan — written before entry, not after.
What this step needs
A risk budget, a position-sizing rule, and an expression model for how the trade is actually placed.
Why it is not live
No specification has been written for this step yet. Sizing and exits are the last things that should ever be improvised.
Nothing is estimated in the meantime. An empty step is an honest step.