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Stocks

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A Sector Rotation Summary A quick assessment of current sector rotation on the weekly Relative Rotation Graph: XLB: Still on a strong trajectory inside the improving quadrant and heading for leading. The upward break of overhead resistance on the price chart seems to be stalling at the moment, which could cause its relative strength compared to the S&P 500 to slow down. Overall, the trend, both in terms of price and relative, is still up. XLC: Continues to lose relative strength and momentum inside the weakening quadrant and rotates toward lagging at a negative RRG-Heading. On the price chart, XLC is battling resistance, which causes its relative performance to slow down. XLE: Is at the strongest rotation in this universe. Well inside the improving quadrant at the highest RS-Momentum reading and powered by the longest tail in the universe. The upward break in the price chart is holding up well,…