Sector rotation · Week 34, 2026
Sector rotation map, week of Aug 17–21, 2026
The 11 sector funds against SPY at the close
At the Friday, Aug 21, 2026 close, 3 of the 11 sectors with a reading sat in Leading, and Energy (XLE) had the strongest relative strength against the S&P 500, an RS-Ratio of 102.00.
In the week to Aug 21, 2026, Technology (XLK) moved furthest on the map, 2.70 points, from Improving into Lagging, and 8 sectors changed quadrant in all.
3 sectors were in Lagging at the Aug 21, 2026 close, and Utilities (XLU) had the weakest relative strength, an RS-Ratio of 98.12 with RS-Momentum at 100.42, turning up.
Where the 11 sit
This week's crossings
- XLB MaterialsLagging→Leading
- XLE EnergyWeakening→Leading
- XLV Health CareWeakening→Leading
- XLP Consumer StaplesLagging→Improving
- XLRE Real EstateLagging→Improving
- XLU UtilitiesLagging→Improving
- XLI IndustrialsWeakening→Lagging
- XLK TechnologyImproving→Lagging
The week in numbers
At the Aug 21, 2026 close, 4 of the 11 sectors with a reading had an RS-Ratio above 100, relative strength above their own 60-session norm against the S&P 500, the same count as a week earlier, and 7 had RS-Momentum above 100.
The 3 strongest by RS-Ratio at the Aug 21, 2026 close: Energy (XLE) at 102.00, Health Care (XLV) at 101.85 and Materials (XLB) at 101.27.
The 3 weakest at the Aug 21, 2026 close: Utilities (XLU) at 98.12, Industrials (XLI) at 99.04 and Technology (XLK) at 99.22.
In the week to Aug 21, 2026, Energy (XLE) gained the most momentum, RS-Momentum up 2.09 to 102.04, while Technology (XLK) lost the most, down 2.59 to 99.75.
The longest run in one quadrant at the Aug 21, 2026 close belongs to Financials (XLF): Weakening for 4 weeks running.
All 11 sectors at the close
| Sector | Quadrant | RS-Ratio | RS-Momentum | Week's move |
|---|---|---|---|---|
| XLEEnergy | Leading1 wk | 102.00 | 102.04 | 2.22 |
| XLVHealth Care | Leading1 wk | 101.85 | 100.87 | 2.20 |
| XLBMaterials | Leading1 wk | 101.27 | 101.16 | 2.31 |
| XLFFinancials | Weakening4 wks | 100.59 | 99.44 | 0.96 |
| XLPConsumer Staples | Improving1 wk | 99.90 | 100.85 | 1.81 |
| XLYConsumer Discretionary | Lagging2 wks | 99.69 | 99.74 | 1.40 |
| XLREReal Estate | Improving1 wk | 99.48 | 100.42 | 1.46 |
| XLCCommunication Services | Improving2 wks | 99.42 | 101.05 | 0.60 |
| XLKTechnology | Lagging1 wk | 99.22 | 99.75 | 2.70 |
| XLIIndustrials | Lagging1 wk | 99.04 | 98.67 | 1.26 |
| XLUUtilities | Improving1 wk | 98.12 | 100.42 | 1.03 |
Retail (XRT) has no reading for the Aug 21, 2026 close, so it is not drawn.
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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.