Weekly Risk Gauge (WRG): “Energy Moves Up the Leaderboard.”

January 26th, 2026

Gavin Lundgren

Highlights

The large-cap versus small-cap divergence remains unresolved, with QQQ, MAGS, and SPY lagging prior highs while MDY, IWM, and IWC continue to show early-year strength.
Our decision to reclassify Clean Energy into Industrials pushed Technology lower in the rankings, reinforcing the relative weakness seen outside of Semiconductors.
Energy made the biggest move higher to fourth in the rankings as XLE breaks out of a multi-year base, while improving Staples. . .

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Weekly Risk Gauge (WRG): “Energy Moves Up the Leaderboard.”

Highlights

Weekly MOTR Report (WMR): “Construction Materials Building Momentum.”

Weekly Risk Gauge (WRG): “Industrials Wins, A Look at Clean Energy.”

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Charting My Interruption (CMI): “What the Fractal, Bitcoin?”

Weekly MOTR Report (WMR): “Risk-On Slips from the Grasp of Risk Gauge.”

Weekly Risk Gauge (WRG): “Focusing on Change at the Margin.”

Weekly Risk Gauge (WRG): “Energy Moves Up the Leaderboard.”

Highlights

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