NYSEARCA · ETF · ENHANCED MARKET DYNAMICS

KOMP

STATE STREET SPDR S&P KENSHO NEW ECONOMIES COMPOSITE ETF

EMD SCORE46/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration33% directional agreement79/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: USD 66.35
Evidence: 156 weeks

Four-week EMD change-12.0 pts

signed chart scale −100 to +100

Four-week price-0.2%

completed closing prices

Current directional run1 weeks

on the same side of EMD zero

Recent consistency12/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive · 4 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 85%Current EMD -8.44-week EMD change -12.0Full saved history price range USD 35.15–74.17

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	36.24	-39.09	30	60	83
2023-10-27	35.15	-41.84	29	60	83
2023-11-03	38.04	-21.76	39	20	83
2023-11-10	37.39	-29.61	35	50	100
2023-11-17	39.08	-10.39	45	0	100
2023-11-24	40.05	-3.66	48	0	100
2023-12-01	41.47	8.38	54	20	100
2023-12-08	42.29	20.87	60	60	100
2023-12-15	44.39	30.19	65	67	100
2023-12-22	45.35	39.16	70	100	100
2023-12-29	45.29	24.63	62	60	100
2024-01-05	43.08	12.3	56	20	100
2024-01-12	42.87	6.21	53	0	100
2024-01-19	42.27	11.86	56	33	100
2024-01-26	42.94	21.73	61	60	100
2024-02-02	42.96	22.97	61	60	100
2024-02-09	44.25	38.47	69	67	100
2024-02-16	44.91	40.78	70	67	100
2024-02-23	44.17	32.2	66	60	100
2024-03-01	45.57	43.98	72	67	100
2024-03-08	45.79	41.66	71	67	100
2024-03-15	44.66	23.25	62	33	100
2024-03-22	45.73	39.61	70	67	100
2024-03-29	46.71	40.36	70	67	100
2024-04-05	45.22	19.93	60	33	100
2024-04-12	43.91	16.68	58	33	100
2024-04-19	42.51	8.12	54	20	100
2024-04-26	44.15	26.26	63	60	100
2024-05-03	44.78	27.77	64	60	100
2024-05-10	45.04	16.21	58	20	100
2024-05-17	46.30	30.89	65	60	100
2024-05-24	46.09	25.18	63	50	100
2024-05-31	45.51	19.39	60	50	100
2024-06-07	45.35	15.43	58	50	100
2024-06-14	45.03	6.12	53	20	100
2024-06-21	44.88	5.1	53	20	100
2024-06-28	44.91	3.83	52	20	100
2024-07-05	45.14	7.58	54	33	100
2024-07-12	47.14	22.99	61	33	100
2024-07-19	46.93	18.49	59	20	100
2024-07-26	47.48	36.6	68	60	100
2024-08-02	44.60	13.4	57	33	100
2024-08-09	44.62	21.38	61	60	100
2024-08-16	45.97	18.06	59	60	100
2024-08-23	47.40	19.95	60	33	100
2024-08-30	47.17	22.83	61	50	100
2024-09-06	44.29	1.43	51	0	100
2024-09-13	46.31	20.97	60	60	100
2024-09-20	47.04	19.33	60	60	100
2024-09-27	48.22	26.62	63	60	100
2024-10-04	48.21	36.05	68	67	100
2024-10-11	48.55	37.21	69	67	100
2024-10-18	49.34	42.64	71	67	100
2024-10-25	48.39	29.92	65	60	100
2024-11-01	48.32	27.21	64	33	100
2024-11-08	51.86	63.0	81	100	100
2024-11-15	50.13	25.86	63	33	100
2024-11-22	52.25	65.83	83	100	100
2024-11-29	53.24	61.06	81	100	100
2024-12-06	53.49	66.41	83	100	100
2024-12-13	52.32	42.92	71	60	100
2024-12-20	50.36	31.27	66	33	100
2024-12-27	50.78	39.73	70	100	100
2025-01-03	51.35	46.94	73	100	100
2025-01-10	49.67	19.8	60	60	100
2025-01-17	51.47	38.12	69	100	100
2025-01-24	52.96	41.41	71	100	100
2025-01-31	52.28	35.02	68	100	100
2025-02-07	52.45	40.83	70	100	100
2025-02-14	52.95	43.0	71	100	100
2025-02-21	50.93	13.43	57	33	100
2025-02-28	49.46	6.83	53	0	100
2025-03-07	47.98	0.21	50	60	100
2025-03-14	46.94	-1.5	49	33	100
2025-03-21	47.40	-13.64	43	60	100
2025-03-28	46.07	-21.05	39	60	100
2025-04-04	41.37	-36.12	32	67	100
2025-04-11	43.16	-15.3	42	33	100
2025-04-18	43.04	-27.54	36	60	100
2025-04-25	45.77	-7.42	46	20	100
2025-05-02	47.25	-6.05	47	0	100
2025-05-09	47.95	-4.44	48	20	100
2025-05-16	50.51	9.79	55	20	100
2025-05-23	48.92	-3.83	48	20	100
2025-05-30	49.39	1.08	51	33	100
2025-06-06	51.29	20.91	60	100	100
2025-06-13	50.76	4.94	52	20	100
2025-06-20	50.85	12.66	56	20	100
2025-06-27	53.24	37.97	69	100	100
2025-07-04	54.86	48.04	74	100	100
2025-07-11	54.67	52.03	76	100	100
2025-07-18	55.87	62.42	81	100	100
2025-07-25	56.42	60.49	80	100	100
2025-08-01	53.91	39.26	70	60	100
2025-08-08	54.67	48.26	74	100	100
2025-08-15	56.32	55.12	78	100	100
2025-08-22	57.53	61.57	81	100	100
2025-08-29	57.55	59.45	80	100	100
2025-09-05	57.72	62.94	81	100	100
2025-09-12	58.84	64.1	82	100	100
2025-09-19	61.30	79.69	90	100	100
2025-09-26	61.06	64.24	82	100	100
2025-10-03	63.03	78.07	89	100	100
2025-10-10	60.90	50.19	75	67	100
2025-10-17	62.27	53.73	77	67	100
2025-10-24	64.42	80.59	90	100	100
2025-10-31	63.68	53.6	77	67	100
2025-11-07	61.68	57.48	79	100	100
2025-11-14	59.33	35.48	68	60	100
2025-11-21	57.14	24.63	62	100	100
2025-11-28	60.70	34.81	67	100	100
2025-12-05	61.20	29.96	65	67	100
2025-12-12	60.92	21.85	61	33	100
2025-12-19	60.47	28.25	64	60	100
2025-12-26	60.82	17.17	59	20	100
2026-01-02	61.32	27.63	64	67	100
2026-01-09	64.47	44.63	72	67	100
2026-01-16	66.05	52.06	76	100	100
2026-01-23	65.60	49.77	75	100	100
2026-01-30	62.97	30.85	65	67	100
2026-02-06	62.75	38.02	69	100	100
2026-02-13	62.24	29.04	65	100	100
2026-02-20	62.97	33.63	67	100	100
2026-02-27	62.18	22.32	61	60	100
2026-03-06	60.24	6.48	53	0	100
2026-03-13	59.80	-3.0	48	20	100
2026-03-20	58.58	-12.92	44	50	100
2026-03-27	57.47	-14.92	43	50	100
2026-04-03	59.65	0.47	50	33	100
2026-04-10	61.89	5.83	53	33	100
2026-04-17	65.92	19.39	60	60	100
2026-04-24	65.55	26.71	63	60	100
2026-05-01	66.19	42.48	71	100	100
2026-05-08	68.01	50.52	75	100	100
2026-05-15	67.75	35.45	68	60	100
2026-05-22	70.44	61.55	81	100	100
2026-05-29	74.17	76.98	88	100	100
2026-06-05	69.55	40.06	70	67	100
2026-06-12	70.35	60.57	80	100	100
2026-06-19	71.35	59.04	80	100	100
2026-06-26	68.48	38.78	69	67	100
2026-07-03	69.44	40.36	70	67	100
2026-07-10	68.43	32.46	66	60	100
2026-07-17	65.85	14.84	57	20	100
2026-07-24	65.41	9.63	55	20	100
2026-07-31	65.64	9.86	55	20	100
2026-08-07	70.59	29.71	65	60	100
2026-08-14	71.44	33.68	67	60	100
2026-08-21	69.11	16.89	58	20	100
2026-08-28	67.44	10.97	55	20	100
2026-09-04	67.56	14.85	57	20	100
2026-09-11	66.48	3.57	52	0	100
2026-09-18	66.89	7.91	54	20	100
2026-09-25	67.63	7.27	54	20	100
2026-10-02	67.39	9.92	55	33	100
2026-10-09	66.35	-8.4	46	33	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	55	88	90	94	93	97	99	95	96	96	89	91	87	73	69	70	92	93	86	76	76	69	70	74	71	28
Momentum	76	76	78	80	72	80	88	77	81	79	65	75	67	52	56	54	71	79	70	60	52	46	50	59	57	57
Underlying pressure	27	43	58	73	82	89	94	94	92	91	86	82	78	65	51	36	31	37	46	48	44	37	30	30	30	29
Price & volume	65	46	65	66	35	68	87	17	60	56	40	39	42	41	36	57	69	64	32	37	65	46	61	46	59	42
Relative strength	63	58	58	59	56	67	79	65	66	67	60	57	45	36	36	33	47	51	43	33	33	30	33	33	33	25
Modeled Trend	80	79	78	80	82	83	84	85	87	88	89	90	91	90	90	89	89	89	88	88	87	87	86	86	86	87

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

87/100

LEAST SUPPORTIVE SOURCE

Relative strength

25/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+3.5%

Median price return · 3 non-overlapping examples

Observed range: -8.1% to +11.1%
Positive returns: 67%
All-period comparison: +0.2% median

13 WEEKS LATER

Too few comparisons

2 non-overlapping examples. At least three are needed to display a summary.

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

20 Mar 2026Down-cycle confirmedUSD 58.58

13 Jun 2025Upper cycle zone confirmedUSD 50.76

2 May 2025Up-cycle confirmedUSD 47.25

4 Apr 2025Lower cycle zone confirmedUSD 41.37

28 Feb 2025Down-cycle confirmedUSD 49.46

6 Sep 2024Down-cycle confirmedUSD 44.29

14 Jun 2024Down-cycle confirmedUSD 45.03

17 May 2024Upper cycle zone confirmedUSD 46.30

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS