On September 12, 2025, the market exhibited a defensive to cyclical rotation signal, albeit in an early stage, as evidenced by the performance of the SPY, which was down only 0.03%, compared to the IWM's more pronounced decline of 1.02%. The leaders in this environment were the Communication Services sector, which showed a breadth advancement percentage of 44.55%, and the "None" category with a robust 65.31% breadth, indicating a relatively healthy participation among advancing stocks. In contrast, the laggards, particularly in Energy, Financials, and Industrials, displayed significantly lower breadth percentages, with Energy at 25.90% and Financials at 32.58%, suggesting a lack of participation among declining stocks. The dispersion between leaders and laggards is notable, highlighting a divergence in market strength, particularly as small-cap stocks (IWM) underperformed relative to large-cap stocks (SPY). Given this context, tactical ideas could include considering a selective long position in Communication Services, which is showing strength, while