Regime Desk

Observation only. Price-rule snapshot as of 2026-11-05. No edge claimed. Not investment advice.

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Biotech · XBI

leading · RS ratio 102.0 · RS momentum 102.0 · 20d RS vs SPY +4.69% · last 148.4 · 2026-11-05

Versus the S&P

No residual setup. Beta 1.3. Residual z 0.07. 20-day residual +7.86%. mid-range on the relative chart. Residual is not extreme. No setup.

residual-fade-v0. Not a proven edge.

Last 60 closes

Window change -5.4%. Price geometry only. Not an edge claim.

RS trail

  • 2026-10-29 · ratio 104.4 · mom 105.7
  • 2026-10-30 · ratio 104.9 · mom 109.2
  • 2026-11-02 · ratio 102.8 · mom 104.8
  • 2026-11-03 · ratio 104.1 · mom 103.1
  • 2026-11-04 · ratio 104.8 · mom 105.0