Sector rotation · Week 35, 2026
Sector rotation map, week of Aug 24–28, 2026
The 12 sector funds against SPY at the close
At the Friday, Aug 28, 2026 close, 2 of the 12 sectors sat in Leading, and Energy (XLE) had the strongest relative strength against the S&P 500, an RS-Ratio of 101.26, in Weakening.
In the week to Aug 28, 2026, Energy (XLE) moved furthest on the map, 2.56 points, from Leading into Weakening, and 8 sectors changed quadrant in all.
5 sectors were in Lagging at the Aug 28, 2026 close, and Industrials (XLI) had the weakest relative strength, an RS-Ratio of 97.69 with RS-Momentum at 97.80, still fading.
Where the 12 sit
This week's crossings
- XLC Communication ServicesImproving→Leading
- XLK TechnologyLagging→Improving
- XLY Consumer DiscretionaryLagging→Improving
- XLE EnergyLeading→Weakening
- XLV Health CareLeading→Weakening
- XLP Consumer StaplesImproving→Lagging
- XLRE Real EstateImproving→Lagging
- XLU UtilitiesImproving→Lagging
The week in numbers
At the Aug 28, 2026 close, 5 of the 12 sectors had an RS-Ratio above 100, relative strength above their own 60-session norm against the S&P 500, and 4 had RS-Momentum above 100.
The 3 strongest by RS-Ratio at the Aug 28, 2026 close: Energy (XLE) at 101.26, Health Care (XLV) at 100.99 and Financials (XLF) at 100.68.
The 3 weakest at the Aug 28, 2026 close: Industrials (XLI) at 97.69, Utilities (XLU) at 98.18 and Real Estate (XLRE) at 98.61.
In the week to Aug 28, 2026, Technology (XLK) gained the most momentum, RS-Momentum up 0.45 to 100.20, while Energy (XLE) lost the most, down 2.45 to 99.59.
The longest run in one quadrant at the Aug 28, 2026 close belongs to Financials (XLF): Weakening for 5 or more weeks running.
All 12 sectors at the close
| Sector | Quadrant | RS-Ratio | RS-Momentum | Week's move |
|---|---|---|---|---|
| XLEEnergy | Weakening1 wk | 101.26 | 99.59 | 2.56 |
| XLVHealth Care | Weakening1 wk | 100.99 | 99.95 | 1.26 |
| XLFFinancials | Weakening5+ wks | 100.68 | 99.55 | 0.14 |
| XLBMaterials | Leading2 wks | 100.39 | 100.80 | 0.95 |
| XLCCommunication Services | Leading1 wk | 100.04 | 100.97 | 0.63 |
| XLKTechnology | Improving1 wk | 99.65 | 100.20 | 0.62 |
| XLPConsumer Staples | Lagging1 wk | 99.22 | 99.80 | 1.25 |
| XLYConsumer Discretionary | Improving1 wk | 99.08 | 100.10 | 0.71 |
| XRTRetail | Lagging1 wk | 98.73 | 98.98 | – |
| XLREReal Estate | Lagging1 wk | 98.61 | 99.64 | 1.17 |
| XLUUtilities | Lagging1 wk | 98.18 | 99.73 | 0.69 |
| XLIIndustrials | Lagging2 wks | 97.69 | 97.80 | 1.61 |
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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.