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Sector rotation · Week 31, 2026

Sector rotation map, week of Jul 27–31, 2026

The 12 sector funds against SPY at the close

At the Friday, Jul 31, 2026 close, 1 of the 12 sectors sat in Leading, and Financials (XLF) had the strongest relative strength against the S&P 500, an RS-Ratio of 101.40, in Weakening.

In the week to Jul 31, 2026, Utilities (XLU) moved furthest on the map, 3.89 points, from Leading into Lagging, and 8 sectors changed quadrant in all.

4 sectors were in Lagging at the Jul 31, 2026 close, and Technology (XLK) had the weakest relative strength, an RS-Ratio of 98.76 with RS-Momentum at 99.76, still fading.

Rotation map for the week of Jul 27–31, 2026: Leading XLE; Weakening XLF, XRT, XLV, XLI, XLRE, XLP; Lagging XLU, XLB, XLC, XLK; Improving XLY98991011029899101102103100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Lagging, RS-Ratio 98.76, RS-Momentum 99.76Jul 2Financials (XLF): Weakening, RS-Ratio 101.40, RS-Momentum 98.69Jul 2Energy (XLE): Leading, RS-Ratio 101.07, RS-Momentum 100.69Jul 2Health Care (XLV): Weakening, RS-Ratio 101.07, RS-Momentum 98.45Jul 2Consumer Discretionary (XLY): Improving, RS-Ratio 99.65, RS-Momentum 100.77Jul 2Consumer Staples (XLP): Weakening, RS-Ratio 100.21, RS-Momentum 99.35Jul 2Industrials (XLI): Weakening, RS-Ratio 100.33, RS-Momentum 99.28Jul 2Materials (XLB): Lagging, RS-Ratio 99.03, RS-Momentum 99.42Jul 2Utilities (XLU): Lagging, RS-Ratio 99.13, RS-Momentum 98.69Jul 2Real Estate (XLRE): Weakening, RS-Ratio 100.30, RS-Momentum 99.16Jul 2Communication Services (XLC): Lagging, RS-Ratio 98.85, RS-Momentum 98.48Jul 2Retail (XRT): Weakening, RS-Ratio 101.10, RS-Momentum 99.34Jul 2
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving1XLY
Leading1XLE
Lagging4XLU XLB XLC XLK
Weakening6XLF XRT XLV XLI XLRE XLP

This week's crossings

  1. XLY Consumer DiscretionaryLagging→Improving
  2. XLF FinancialsLeading→Weakening
  3. XLI IndustrialsLeading→Weakening
  4. XLP Consumer StaplesLeading→Weakening
  5. XLRE Real EstateLeading→Weakening
  6. XRT RetailLeading→Weakening
  7. XLB MaterialsLeading→Lagging
  8. XLU UtilitiesLeading→Lagging

The week in numbers

RS-Ratio above 1007 of 129 a week earlier
RS-Momentum above 1002 of 12
Crossings8sectors changed quadrant
Moved furthestXLU3.89 points on the map

At the Jul 31, 2026 close, 7 of the 12 sectors had an RS-Ratio above 100, relative strength above their own 60-session norm against the S&P 500, down from 9 a week earlier, and 2 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Jul 31, 2026 close: Financials (XLF) at 101.40, Retail (XRT) at 101.10 and Energy (XLE) at 101.07.

The 3 weakest at the Jul 31, 2026 close: Technology (XLK) at 98.76, Communication Services (XLC) at 98.85 and Materials (XLB) at 99.03.

In the week to Jul 31, 2026, Consumer Discretionary (XLY) gained the most momentum, RS-Momentum up 2.38 to 100.77, while Utilities (XLU) lost the most, down 3.32 to 98.69.

The longest run in one quadrant at the Jul 31, 2026 close belongs to Health Care (XLV): Weakening for 4 weeks running.

All 12 sectors at the close

SectorQuadrantRS-RatioRS-MomentumWeek's move
XLFFinancialsWeakening1 wk101.4098.69 1.57
XRTRetailWeakening1 wk101.1099.34 0.88
XLEEnergyLeading3 wks101.07100.69 1.84
XLVHealth CareWeakening4 wks101.0798.45 1.47
XLIIndustrialsWeakening1 wk100.3399.28 1.98
XLREReal EstateWeakening1 wk100.3099.16 3.58
XLPConsumer StaplesWeakening1 wk100.2199.35 2.07
XLYConsumer DiscretionaryImproving1 wk99.65100.77 3.31
XLUUtilitiesLagging1 wk99.1398.69 3.89
XLBMaterialsLagging1 wk99.0399.42 2.92
XLCCommunication ServicesLagging2 wks98.8598.48 0.53
XLKTechnologyLagging3 wks98.7699.76 1.17

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Each dot is a sector fund measured against SPY at the week's last close, by the readings the MomoEdge Pulse dashboard uses. The map updates at 8:00 AM ET every Saturday with the week's closes. Educational content, not financial advice.