Market overview
The bigger picture —
where the major markets stand
A supply and demand read on the major indices and stock market sectors. Not signals — context. Use this to understand the broader environment your trades and investments are sitting in.
Last updated: Wednesday 22 July 2026 · 10:22 GMT · Updated at least once weekly
Bullish — buying pressure outweighs selling
Bearish — selling pressure outweighs buying
Caution — balance shifting, watch closely
Neutral — no clear imbalance
Major indices
US and global markets
Weekly and monthly supply and demand view. Strength dots indicate conviction — more filled dots means a stronger, clearer signal.
| Index | View | Strength | Timeframe | Last updated 20 July 2026 | Comment |
|---|---|---|---|---|---|
| S&P 500 US large cap | Bullish | Weekly | 22 July 2026 | Buying pressure intact on monthly. Higher prices ahead. | |
| Nasdaq 100 US tech | Bullish | Monthly | 22 July 2026 | Constant accumulation will lead to higher prices. | |
| Dow Jones US blue chip | Bullish | Monthly | 22 July 2026 | Continued strong demand - higher prices. | |
| Gold | Bearish | Monthly | 22 July 2026 | Distribution slowing but may take several weeks to months before a turnaround. | |
| Bitcoin BTC | Bullish | Monthly | 22 July 2026 | Steady accumulation. Looks very much like we have hit the bottom of this cycle. |
US stock market sectors
Sector supply and demand
Use sector views as a filter — bullish sector conditions increase confidence in stock signals within that sector.
| Sector | View | Strength | Timeframe | Last updated | Comment |
|---|---|---|---|---|---|
| Energy XLE | Bullish | Monthly | 22 July 2026 | Buying pressure steady on weekly. No distribution. | |
| Real Estate XLRE | Bullish | Monthly | 22 July 2026 | Demand stedily increasing. | |
| Industrial XLI | Bullish | Monthly | 22 July 2026 | Continued strong demand likely tpo push prices higher. | |
| Healthcare XLV | Bullish | Monthly | 22 July 2026 | Strong demand on long term charts Higher after minor pullbacks. | |
| Consumer discretionary XLY | Caution | Monthly | 22 July 2026 | Beginning to look weak. Demand decreasing. | |
| Utilities XLU | Neutral | Monthly | 22 July 2026 | Supply and demand in balance. Neutral. | |
| Consumer Staples XLP | Neutral | Monthly | 22 July 2026 | Supply increasing - lower prices. | |
| Technology XLK | Bullish | Monthly | 22 July 2026 | No clear direction. Higher after this pullback. | |
| Financial XLF | Bullish | Monthly | 22 July 2026 | No distribution - bullish. | |
| Materials XLB | Bullish | Monthly | 22 July 2026 | Supply gradually increasing. | |
| Communication services XLC | Bearish | Monthly | 22 July 2026 | Supply/demand balance indicating lower prices to come. |
These views reflect the current supply and demand picture on the stated timeframe. They are not buy or sell signals — they are context. Views are updated at least once weekly or more frequently if conditions suddenly change. Conditions can change between updates. Always check the signals tables for specific trade recommendations.