BWA · Market Dispatch

The Rotation

Your market briefing: compare daily gains and losses, see how many tracked funds rose, and explore one fund to watch. Use it to decide what deserves a closer look.

Leadership Compression Setup (bullish bias, confirm above R1 55.43, invalidate below Value-Area-Low 53.62, 1-2 sessions, confirmation = daily close beyond the level — an intraday touch does not confirm — setup expires unconfirmed if untouched inside the window — invalidation structural on the same close basis)

Rotation Map

How assets are moving across the market's quadrants

How to read this chart

Each line traces one asset (a fund BWA tracks) over its last 20 sessions. The dot at the end is today. The trail shows where the asset has been moving — the shape of the rotation, not a prediction.

Left/right places the asset by how tightly or loosely its price has been trading ("band width" = the width of its trading band relative to its own history: left = coiled, right = stretched). Up/down shows whether that band has been widening (rising) or squeezing (falling) over the last five sessions.

The four corners describe the combined state: Improving (coiled and opening up), Leading (stretched and still expanding), Lagging (coiled and tightening further), Weakening (stretched and contracting). Quadrants are relative to the median asset today — this is not a safety rating.

Market data: 2026-10-14 · EOD · calc rrg-1 · 27 assets · 20-session trails

ImprovingLeadingLaggingWeakeningx: band width (own history) → widey: 5-bar band change ↑ wideningDIAEEMEFAHYGIEFIWMLQDMTUMNDAQQQQQUALRSPSPYTLTUSMVVLUEXLBXLCXLEXLFXLIXLKXLPXLREXLUXLVXLY

Trails show each asset's own last 20 sessions; endpoints match today's published readings. Assets without usable history are omitted, never estimated.

Today's Sprinters

Core four, head to head

Leader means the highest return. Longer bars show bigger percentage moves, whether up or down. Green means a gain; pink means a loss.

★ Leader
DIA
-0.11%
-0.11% · 6% of the largest move
SPY
-1.08%
-1.08% · 56% of the largest move
NDAQ
-1.63%
-1.63% · 84% of the largest move
⚓ Laggard
IWM
-1.93%
-1.93% · 100% of the largest move
40.7%
Trend Participation
of tracked ETFs above their 20-day average
—
Daily Positive Breadth
of tracked ETFs closing higher today
The Weather Map

Every tracker, by volatility state

Range position of each tracker's volatility vs its own 60-bar history (0 = floor, 1 = ceiling).

Coiled Spring

  • XLU 0.47
  • QUAL 0.45
  • QQQ 0.37
  • XLF 0.36
  • XLC 0.30
  • XLK 0.29
  • MTUM 0.25
  • RSP 0.18
  • SPY 0.16
  • XLY 0.09
  • XLI 0.03
  • XLB 0.02
  • DIA 0.02
  • NDAQ 0.00

Waking Up

  • IWM 0.45
  • USMV 0.44
  • EEM 0.43
  • EFA 0.39
  • VLUE 0.23
  • XLV 0.14

Stormy

  • XLP 1.00
  • XLE 0.64

Cooling Off

  • TLT 0.90
  • HYG 0.88
  • LQD 0.87
  • IEF 0.69
  • XLRE 0.52
The One To Watch

XLF Spotlight

Price ladder
R2 56.04
R1 55.43
POC 55.05
PIVOT 55.03
NOW 54.52
S1 54.42
S2 54.03

today's ladder rescaled to today's levels

If you entered at today's price 15.2R — entry 54.52, target R2 56.04, stop S1 54.42
If you waited for a confirmed breakout above R1 1.5R — entry R1 55.43, target R2 56.04, stop Pivot 55.03

R = reward-to-risk multiple: how many dollars you'd target for every $1 you put at risk (a stop is the price where the trade idea is wrong). These two scenarios are ways to enter the same idea at different prices — their stops are trade-management levels, separate from the report-level condition in the intro above ("this idea no longer holds") that decides whether the outlook itself is still valid. Why this fund: it's the watchlist name whose volatility and volume behavior place it closest to a tradable transition in today's sea.

OBV
-243061101
CMF
+0.01
MFI
48.9

Value area 53.62–55.05 · POC 55.05.