Today's terrain.
Benchmarks through Sep 9, 2026 session · data may be delayed
CONSTRUCTIVE
- SPY is above its 50D and 200D averages but not all three.
- 2 of 3 tracked indices are above their 50-day average (mostly aligned).
- Average 20-day change across indices is -1.6% (falling medium-term momentum).
SPY
-0.46%
above 50D
QQQ
-0.29%
above 50D
IWM
-1.37%
below 50D
Indices
The market read
Broad-market conditions remain constructive, but the tone is softer than the label alone suggests. SPY and QQQ are still above their 50-day and 200-day averages, while IWM remains below its 50-day average; the average 20-day change across indices is -1.6%, indicating medium-term momentum is still drifting lower even though the 5-day average is slightly positive at +0.4% and volatility remains calm at 11% annualized.
- Whether SPY and QQQ can keep holding above their 50-day averages while the 20-day trend is still negative.
- Whether IWM can recover back above its 50-day average after a -3.44% 20-day change and a 1.37% daily drop.
- Whether the recent 5-day improvement broadens enough to offset the weaker 20-day momentum and keep volatility contained.
AI interpretation of the index measurements · not advice
Strongest terrain
in the tracked universe.
PEG tracked universe · 24 liquid US symbols ranked by PEG Score. PEG does not scan every listed stock.
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