The 11 SPDR sector ETFs are useful for identifying where broad capital is flowing, but they are blunt instruments. Each sector is a basket of industries that can — and frequently do — move in opposite directions on the same day. Knowing that XLK is leading doesn't tell you whether to screen for semiconductor stocks or software stocks. Those are different businesses, different risk profiles, and different stock screener criteria.
The industry ETF dashboard answers the question the sector dashboard can't: within the leading sectors, what specifically is driving the move? That answer directly narrows the stock sector filter — which maps to GICS industry level — to the names most likely to carry sector momentum.
Common within-sector divergences
This is the third dashboard in the pre-market sequence, opened after the Sector ETF Dashboard has identified which sectors are leading. It takes no more than two minutes to read.
Its purpose is precision. The Sector ETF Dashboard tells you the sectors worth focusing on. This dashboard tells you which industry within those sectors has the actual momentum — which is what you enter into your stock screener sector filter before running a search.
Unlike the sector scan's flat ranking, industry ETFs are grouped by their parent sector. Each group has a colored header row showing the parent sector and its composite score from the Sector ETF scan, with industry ETFs ranked below it by their own composite score.
Sector score in the group header
This is the parent sector's composite score from the Sector ETF scan — not recalculated here. It tells you immediately whether the sector itself is in good standing. A high-ranking industry ETF inside a low-scoring parent sector is a yellow flag: the industry may be holding up, but the broader sector tide is against it.
Industry ETF composite score vs. parent sector score
The most useful comparison on the dashboard. An industry ETF composite score above its parent sector score means that specific industry is outperforming the broader sector — leadership is concentrated there. A score below the parent means it's a drag on the sector, not a driver of it. In the example above, IHI (0.612) outperforms its parent XLV (0.359) significantly — medical devices is carrying health care, not the sector overall.
Hover the ticker for the full ETF name
Hovering over any ticker reveals the complete iShares ETF name. The column to the right of the ticker shows the short industry name as a permanent label — the tooltip adds the formal ETF name for reference.
Uncovered sectors
Five sectors — Materials, Utilities, Consumer Staples, Communication Services, and Real Estate — do not appear in this dashboard because no liquid iShares industry ETF exists for them. For those sectors, the Sector ETF Dashboard is the final level of granularity available.
The columns are identical to the Sector ETF scan table and carry the same meaning. A few are worth emphasizing at the industry level where signals are more concentrated:
63D and 20D relative strength are the primary momentum signals. At the industry level, RS divergence between the two windows is especially telling — a high 63D RS with a deteriorating 20D RS means the industry led for the quarter but is fading now. That's a different setup than a sector-wide fade.
MA alignment dot — a red dot (death cross) in an industry ETF that ranks within a green-dot parent sector is a meaningful divergence. The sector ETF's broad index is in uptrend but the specific industry sub-segment is not. Treat this as a structural warning for any individual stock screener in that industry.
Flow (CMF) at the industry level reflects institutional positioning in a narrower slice of the market. Inflow into SOXX specifically — rather than XLK broadly — is a signal that semiconductor names are being accumulated with conviction, not just caught in a rising sector tide.
The top-ranked industry ETF gets the same deep-dive snapshot as the Sector ETF Dashboard — RSI, MACD histogram, BB %B, volume ratio, money flow, OBV, suggested stop, R/R ratio, and GBM 20D range.
Pay particular attention to the alert box. An "Extended" warning on the top-ranked industry ETF — RSI above 70 — is a more actionable signal here than at the sector level, because the individual stocks within that industry are likely even more extended than the ETF itself. If the alert says to wait for a pullback, that instruction applies to every stock you'd find in that industry through the your stock screener.
GBM Price Range Chart
The 5th–95th percentile expected price range for each industry ETF over 20 days. Use it to gauge extension risk across industries at a glance — an ETF trading near its 95th percentile has less expected upside in the model's distribution and higher mean reversion risk. This is useful before applying the screener: if SOXX is near the top of its range, the individual semiconductor names in the screener results will likely be in a similar position.
Industry Performance Chart
Normalized % return for all 10 industry ETFs over the selected window (15D, 30D, 60D). This is the visual rotation map at the industry level. The 15D window shows recent momentum and which industries are currently accelerating — check it first. The 60D window confirms sustained leadership and aligns with the RS (63D) column. Watch for divergences: an industry leading on 60D but flattening on 15D is the chart confirmation of a Fading timing signal, even if the composite score still looks strong.
The screener recipes live here rather than on the Sector ETF Dashboard because industry-level sector filters are more precise. The sector filter in each recipe reflects the parent sectors of the top-ranked industry ETFs — not just which sector is leading, but which sector produced the leading industry. That distinction matters when you enter the stock screener filter.
Read the regime context box above the recipes before entering any filter into your stock screener. A Complacency or Fear note overrides an otherwise strong industry ranking — if conditions don't support breakouts, the screener recipes reflect that regardless of where SOXX or IBB rank.
The complete four-dashboard pre-market sequence, with what each layer answers:
What is the regime? Fear, Neutral, or Greed — and what is the macro backdrop?
Which of the 11 sectors are leading? What is the rotation theme?
Within the leading sectors, which specific industry is driving the move? Is the timing right to act?
What are the structural boundaries for SPY today? Is the market fragile or stable?
Apply the recipe from this dashboard. The sector filter is the specific industry that passed all four layers — not just the broad sector.