{
  "ticker": {
    "uuid": "fa35bed9-e23f-4a37-a336-7579f567004c",
    "symbol": "XLBI",
    "name": "STATE STREET MATERIALS SELECT SECTOR SPDR PREMIUM INCOME ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 24.2252,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 21.392427,
    "boundary_margin": 0.132419,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.153924,
    "volatility_stability": 0.8659,
    "risk_context": 0.6497,
    "current_regime": {
      "move": 0.032188,
      "interruption": 0.0,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 86.578,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 13.2% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-31",
        "close": 23.469756,
        "direction_boundary": 21.017861,
        "core_momentum": 0.116658,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151578
      },
      {
        "date": "2026-08-07",
        "close": 24.2252,
        "direction_boundary": 21.392427,
        "core_momentum": 0.132419,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.153924
      }
    ],
    "price_history": [
      {
        "date": "2025-08-01",
        "close": 21.017861,
        "volume": 24159
      },
      {
        "date": "2025-08-08",
        "close": 21.392427,
        "volume": 1969
      },
      {
        "date": "2025-08-15",
        "close": 21.793396,
        "volume": 1306
      },
      {
        "date": "2025-08-22",
        "close": 22.18612,
        "volume": 2756
      },
      {
        "date": "2025-08-29",
        "close": 22.256822,
        "volume": 1015
      },
      {
        "date": "2025-09-05",
        "close": 22.236571,
        "volume": 3292
      },
      {
        "date": "2025-09-12",
        "close": 22.25874,
        "volume": 16302
      },
      {
        "date": "2025-09-19",
        "close": 22.156618,
        "volume": 6103
      },
      {
        "date": "2025-09-26",
        "close": 21.82069,
        "volume": 11579
      },
      {
        "date": "2025-10-03",
        "close": 22.087679,
        "volume": 3266
      },
      {
        "date": "2025-10-10",
        "close": 21.390922,
        "volume": 3697
      },
      {
        "date": "2025-10-17",
        "close": 21.749435,
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        "date": "2025-10-24",
        "close": 22.046153,
        "volume": 1849
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      {
        "date": "2025-10-31",
        "close": 21.367592,
        "volume": 4063
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      {
        "date": "2025-11-07",
        "close": 21.358932,
        "volume": 2961
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      {
        "date": "2025-11-14",
        "close": 21.624449,
        "volume": 3058
      },
      {
        "date": "2025-11-21",
        "close": 21.449261,
        "volume": 6324
      },
      {
        "date": "2025-11-28",
        "close": 21.892609,
        "volume": 7937
      },
      {
        "date": "2025-12-05",
        "close": 21.860662,
        "volume": 7586
      },
      {
        "date": "2025-12-12",
        "close": 22.068156,
        "volume": 3751
      },
      {
        "date": "2025-12-19",
        "close": 22.228711,
        "volume": 10841
      },
      {
        "date": "2025-12-26",
        "close": 22.526949,
        "volume": 4941
      },
      {
        "date": "2026-01-02",
        "close": 22.576333,
        "volume": 5548
      },
      {
        "date": "2026-01-09",
        "close": 22.8587,
        "volume": 18686
      },
      {
        "date": "2026-01-16",
        "close": 22.893227,
        "volume": 12501
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      {
        "date": "2026-01-23",
        "close": 23.299985,
        "volume": 35902
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      {
        "date": "2026-01-30",
        "close": 23.14239,
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      {
        "date": "2026-02-06",
        "close": 23.733848,
        "volume": 122191
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      {
        "date": "2026-02-13",
        "close": 24.106325,
        "volume": 30550
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        "date": "2026-02-20",
        "close": 24.06247,
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      {
        "date": "2026-02-27",
        "close": 24.251521,
        "volume": 38744
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      {
        "date": "2026-03-06",
        "close": 22.845222,
        "volume": 34458
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      {
        "date": "2026-03-13",
        "close": 22.566706,
        "volume": 24444
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      {
        "date": "2026-03-20",
        "close": 21.675569,
        "volume": 24825
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      {
        "date": "2026-03-27",
        "close": 22.457755,
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      {
        "date": "2026-04-03",
        "close": 23.05924,
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      {
        "date": "2026-04-10",
        "close": 23.605027,
        "volume": 12707
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      {
        "date": "2026-04-17",
        "close": 23.810799,
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      {
        "date": "2026-04-24",
        "close": 23.850386,
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      {
        "date": "2026-05-01",
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      {
        "date": "2026-05-08",
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      {
        "date": "2026-05-15",
        "close": 23.017973,
        "volume": 29375
      },
      {
        "date": "2026-05-22",
        "close": 23.08327,
        "volume": 33439
      },
      {
        "date": "2026-05-29",
        "close": 23.479648,
        "volume": 32183
      },
      {
        "date": "2026-06-05",
        "close": 23.284277,
        "volume": 21870
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      {
        "date": "2026-06-12",
        "close": 23.96155,
        "volume": 18109
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      {
        "date": "2026-06-19",
        "close": 23.909225,
        "volume": 16577
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      {
        "date": "2026-06-26",
        "close": 23.971995,
        "volume": 24700
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      {
        "date": "2026-07-03",
        "close": 23.883497,
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        "date": "2026-07-10",
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      {
        "date": "2026-07-17",
        "close": 23.368846,
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      {
        "date": "2026-07-24",
        "close": 23.694155,
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      {
        "date": "2026-07-31",
        "close": 23.469756,
        "volume": 34228
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      {
        "date": "2026-08-07",
        "close": 24.2252,
        "volume": 21671
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    ],
    "sharemaestro_context": {
      "trend": 23.440843,
      "fair_value": 22.767242,
      "market_activity": 7.322295,
      "market_dynamics": -0.260326,
      "relative_strength": -5.424707
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
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        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.032188
      }
    ]
  }
}