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Sector rotation · Week 37, 2026

Sector rotation map, week of Sep 8–11, 2026

The 12 sector funds against SPY at the close

At the Friday, Sep 11, 2026 close, 3 of the 12 sectors sat in Leading, and Energy (XLE) had the strongest relative strength against the S&P 500, an RS-Ratio of 101.62.

In the week to Sep 11, 2026, Communication Services (XLC) moved furthest on the map, 2.63 points, from Lagging into Leading, and 4 sectors changed quadrant in all.

6 sectors were in Lagging at the Sep 11, 2026 close, and Industrials (XLI) had the weakest relative strength, an RS-Ratio of 97.97 with RS-Momentum at 100.18, turning up.

Rotation map for the week of Sep 8–11, 2026: Leading XLE, XLC, XLK; Weakening XLF; Lagging XLV, XLP, XLRE, XLB, XRT, XLY; Improving XLU, XLI98991011029899101102100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Leading, RS-Ratio 100.50, RS-Momentum 100.75Aug 14Financials (XLF): Weakening, RS-Ratio 100.03, RS-Momentum 99.27Aug 14Energy (XLE): Leading, RS-Ratio 101.62, RS-Momentum 100.09Aug 14Health Care (XLV): Lagging, RS-Ratio 99.81, RS-Momentum 98.71Aug 14Consumer Discretionary (XLY): Lagging, RS-Ratio 97.99, RS-Momentum 99.82Aug 14Consumer Staples (XLP): Lagging, RS-Ratio 98.53, RS-Momentum 99.73Aug 14Industrials (XLI): Improving, RS-Ratio 97.97, RS-Momentum 100.18Aug 14Materials (XLB): Lagging, RS-Ratio 98.33, RS-Momentum 98.22Aug 14Utilities (XLU): Improving, RS-Ratio 98.62, RS-Momentum 100.27Aug 14Real Estate (XLRE): Lagging, RS-Ratio 98.42, RS-Momentum 99.93Aug 14Communication Services (XLC): Leading, RS-Ratio 100.68, RS-Momentum 102.20Aug 14Retail (XRT): Lagging, RS-Ratio 98.25, RS-Momentum 99.83Aug 14
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving2XLU XLI
Leading3XLE XLC XLK
Lagging6XLV XLP XLRE XLB XRT XLY
Weakening1XLF

This week's crossings

  1. XLC Communication ServicesLagging→Leading
  2. XLE EnergyWeakening→Leading
  3. XLI IndustrialsLagging→Improving
  4. XLV Health CareWeakening→Lagging

The week in numbers

RS-Ratio above 1004 of 124 a week earlier
RS-Momentum above 1005 of 12
Crossings4sectors changed quadrant
Moved furthestXLC2.63 points on the map

At the Sep 11, 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, the same count as a week earlier, and 5 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Sep 11, 2026 close: Energy (XLE) at 101.62, Communication Services (XLC) at 100.68 and Technology (XLK) at 100.50.

The 3 weakest at the Sep 11, 2026 close: Industrials (XLI) at 97.97, Consumer Discretionary (XLY) at 97.99 and Retail (XRT) at 98.25.

In the week to Sep 11, 2026, Communication Services (XLC) gained the most momentum, RS-Momentum up 2.39 to 102.20, while Technology (XLK) lost the most, down 0.85 to 100.75.

The longest run in one quadrant at the Sep 11, 2026 close belongs to Financials (XLF): Weakening for 5 or more weeks running.

All 12 sectors at the close

SectorQuadrantRS-RatioRS-MomentumWeek's move
XLEEnergyLeading1 wk101.62100.09 1.02
XLCCommunication ServicesLeading1 wk100.68102.20 2.63
XLKTechnologyLeading2 wks100.50100.75 0.97
XLFFinancialsWeakening5+ wks100.0399.27 0.57
XLVHealth CareLagging1 wk99.8198.71 1.02
XLUUtilitiesImproving2 wks98.62100.27 0.17
XLPConsumer StaplesLagging3 wks98.5399.73 0.82
XLREReal EstateLagging3 wks98.4299.93 0.69
XLBMaterialsLagging2 wks98.3398.22 1.18
XRTRetailLagging3 wks98.2599.83 0.84
XLYConsumer DiscretionaryLagging2 wks97.9999.82 1.86
XLIIndustrialsImproving1 wk97.97100.18 1.02

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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.