US Market Radar (August 06, 2026)

SPY daily chart August 06, 2026
Andrew@CANSLIM RESEARCH's avatarAndrew@CANSLIM RESEARCH

As of August 06, 2026, 30 of 78 tracked ETFs and indexes closed higher on the day (average -0.2%), while 53 of 78 are up over the past month (average +1.3%). Across the universe, 40 instruments are in a Weinstein Stage 2 uptrend, 10 are in a Stage 4 decline, and 14 currently pass the full Minervini trend template. The tape is mixed: rotation between groups rather than a one-way move. Below are the charts the market is focused on right now, with the key patterns and levels annotated.

SPY · Broad Market Indexes — Constructive

SPY daily chart with annotations
SPY daily chart — Stage 2 (advancing uptrend); annotations generated programmatically.

SPY is classified as Stage 2 (advancing uptrend) and is over-extended above the 50-day line. It trades +3.2% versus its 50-day moving average (+2.5x ATR extension), with returns of -0.2% on the day, +5.5% on the week and +3.0% on the month. Sentiment: Constructive. No classic base or flag pattern is currently detected.

QQQ · Broad Market Indexes — Constructive

QQQ daily chart with annotations
QQQ daily chart — Stage 2 (advancing uptrend); annotations generated programmatically.

QQQ is classified as Stage 2 (advancing uptrend) and is tightening just above the 50-day line (setup zone). It trades +0.4% versus its 50-day moving average (+0.2x ATR extension), with returns of -0.9% on the day, +8.4% on the week and +1.1% on the month. Sentiment: Constructive. Flat Base — ~6-week sideways range of 10% after a 28% advance; buy point at 736.40.

EPOL · International & Regional — Bullish

EPOL daily chart with annotations
EPOL daily chart — Stage 2 (advancing uptrend); annotations generated programmatically.

EPOL is classified as Stage 2 (advancing uptrend) and is over-extended above the 50-day line. It trades +8.5% versus its 50-day moving average (+5.2x ATR extension), with returns of -0.9% on the day, +5.1% on the week and +10.7% on the month. It passes the full Minervini trend template. Sentiment: Bullish. Double Bottom — W-shape with two lows within 3%; buy point at middle peak 40.69.

CIBR · Themes & Growth — Bullish

CIBR daily chart with annotations
CIBR daily chart — Stage 2 (advancing uptrend); annotations generated programmatically.

CIBR is classified as Stage 2 (advancing uptrend) and is over-extended above the 50-day line. It trades +9.5% versus its 50-day moving average (+3.3x ATR extension), with returns of -0.4% on the day, +9.9% on the week and +5.8% on the month. It passes the full Minervini trend template. Sentiment: Bullish. Cup with Handle — cup depth 13%, handle drift 10%; buy point at 97.94 (handle high). Flat Base — ~6-week sideways range of 15% after a 39% advance; buy point at 97.94.

XLK · US Sectors — Bullish

XLK daily chart with annotations
XLK daily chart — Stage 2 (advancing uptrend); annotations generated programmatically.

XLK is classified as Stage 2 (advancing uptrend) and is tightening just above the 50-day line (setup zone). It trades +1.5% versus its 50-day moving average (+0.5x ATR extension), with returns of -0.5% on the day, +11.6% on the week and +3.8% on the month. It passes the full Minervini trend template. Sentiment: Bullish. Cup with Handle — cup depth 13%, handle drift 11%; buy point at 186.90 (handle high). Double Bottom — W-shape with two lows within 3%; buy point at middle peak 192.15.

TLT · Bonds & Defensives — Bearish

TLT daily chart with annotations
TLT daily chart — Stage 4 (declining downtrend); annotations generated programmatically.

TLT is classified as Stage 4 (declining downtrend) and is over-sold below the 50-day line. It trades -1.7% versus its 50-day moving average (-2.4x ATR extension), with returns of +0.2% on the day, +0.6% on the week and -1.4% on the month. Sentiment: Bearish. No classic base or flag pattern is currently detected.

Sector money flow (1-month average)

  • International & Regional: +3.7% average one-month return
  • Broad Market Indexes: +2.5% average one-month return
  • Commodities & Resources: +2.4% average one-month return
  • Size & Style: +2.3% average one-month return
  • US Sectors: +1.4% average one-month return
  • Bonds & Defensives: -0.8% average one-month return
  • Themes & Growth: -0.9% average one-month return

Stage, pattern and sentiment labels are generated by rule-based approximations (Weinstein stage analysis, Minervini trend template and heuristic pattern detection), not by precise technical analysis. For reference and education only — not investment advice.


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