Sector rotation · Week 32, 2026
Sector rotation map, week of Aug 3–7, 2026
The 12 sector funds against SPY at the close
At the Friday, Aug 7, 2026 close, no sector sat in Leading; Financials (XLF) had the strongest relative strength against the S&P 500, an RS-Ratio of 100.64 in Weakening.
In the week to Aug 7, 2026, Energy (XLE) moved furthest on the map, 3.26 points, from Leading into Lagging, and 4 sectors changed quadrant in all.
6 sectors were in Lagging at the Aug 7, 2026 close, and Utilities (XLU) had the weakest relative strength, an RS-Ratio of 97.56 with RS-Momentum at 96.54, still fading.
Where the 12 sit
This week's crossings
- XLK TechnologyLagging→Improving
- XLE EnergyLeading→Lagging
- XLP Consumer StaplesWeakening→Lagging
- XLRE Real EstateWeakening→Lagging
The week in numbers
At the Aug 7, 2026 close, 4 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 7 a week earlier, and 2 had RS-Momentum above 100.
The 3 strongest by RS-Ratio at the Aug 7, 2026 close: Financials (XLF) at 100.64, Health Care (XLV) at 100.59 and Retail (XRT) at 100.38.
The 3 weakest at the Aug 7, 2026 close: Utilities (XLU) at 97.56, Real Estate (XLRE) at 98.67 and Communication Services (XLC) at 98.74.
In the week to Aug 7, 2026, Technology (XLK) gained the most momentum, RS-Momentum up 2.10 to 101.86, while Energy (XLE) lost the most, down 2.76 to 97.93.
The longest run in one quadrant at the Aug 7, 2026 close belongs to Health Care (XLV): Weakening for 5 or more weeks running.
All 12 sectors at the close
| Sector | Quadrant | RS-Ratio | RS-Momentum | Week's move |
|---|---|---|---|---|
| XLFFinancials | Weakening2 wks | 100.64 | 97.67 | 1.27 |
| XLVHealth Care | Weakening5+ wks | 100.59 | 98.06 | 0.62 |
| XRTRetail | Weakening2 wks | 100.38 | 98.89 | 0.85 |
| XLIIndustrials | Weakening2 wks | 100.07 | 97.91 | 1.39 |
| XLBMaterials | Lagging2 wks | 99.89 | 99.01 | 0.95 |
| XLKTechnology | Improving1 wk | 99.80 | 101.86 | 2.34 |
| XLYConsumer Discretionary | Improving2 wks | 99.68 | 102.48 | 1.71 |
| XLEEnergy | Lagging1 wk | 99.33 | 97.93 | 3.26 |
| XLPConsumer Staples | Lagging1 wk | 98.75 | 98.16 | 1.88 |
| XLCCommunication Services | Lagging3 wks | 98.74 | 99.81 | 1.33 |
| XLREReal Estate | Lagging1 wk | 98.67 | 97.25 | 2.51 |
| XLUUtilities | Lagging2 wks | 97.56 | 96.54 | 2.66 |
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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.