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Sector rotation · Week 38, 2026

Sector rotation map, week of Sep 14–18, 2026

The 12 sector funds against SPY at the close

At the Friday, Sep 18, 2026 close, 1 of the 12 sectors sat in Leading, and Technology (XLK) had the strongest relative strength against the S&P 500, an RS-Ratio of 101.47.

In the week to Sep 18, 2026, Communication Services (XLC) moved furthest on the map, 3.52 points, from Leading into Lagging, and 5 sectors changed quadrant in all.

8 sectors were in Lagging at the Sep 18, 2026 close, and Retail (XRT) had the weakest relative strength, an RS-Ratio of 97.77 with RS-Momentum at 99.71, still fading.

Rotation map for the week of Sep 14–18, 2026: Leading XLK; Weakening XLE, XLV; Lagging XLC, XLP, XLF, XLU, XLRE, XLY, XLB, XRT; Improving XLI9899101102979899101102100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Leading, RS-Ratio 101.47, RS-Momentum 102.26Aug 21Financials (XLF): Lagging, RS-Ratio 98.47, RS-Momentum 97.34Aug 21Energy (XLE): Weakening, RS-Ratio 101.18, RS-Momentum 99.25Aug 21Health Care (XLV): Weakening, RS-Ratio 100.42, RS-Momentum 99.31Aug 21Consumer Discretionary (XLY): Lagging, RS-Ratio 97.90, RS-Momentum 99.40Aug 21Consumer Staples (XLP): Lagging, RS-Ratio 98.48, RS-Momentum 99.79Aug 21Industrials (XLI): Improving, RS-Ratio 98.15, RS-Momentum 100.96Aug 21Materials (XLB): Lagging, RS-Ratio 97.81, RS-Momentum 98.81Aug 21Utilities (XLU): Lagging, RS-Ratio 98.33, RS-Momentum 99.95Aug 21Real Estate (XLRE): Lagging, RS-Ratio 98.14, RS-Momentum 99.95Aug 21Communication Services (XLC): Lagging, RS-Ratio 99.58, RS-Momentum 98.86Aug 21Retail (XRT): Lagging, RS-Ratio 97.77, RS-Momentum 99.71Aug 28
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving1XLI
Leading1XLK
Lagging8XLC XLP XLF XLU XLRE XLY XLB XRT
Weakening2XLE XLV

This week's crossings

  1. XLE EnergyLeading→Weakening
  2. XLV Health CareLagging→Weakening
  3. XLC Communication ServicesLeading→Lagging
  4. XLF FinancialsWeakening→Lagging
  5. XLU UtilitiesImproving→Lagging

The week in numbers

RS-Ratio above 1003 of 124 a week earlier
RS-Momentum above 1002 of 12
Crossings5sectors changed quadrant
Moved furthestXLC3.52 points on the map

At the Sep 18, 2026 close, 3 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 4 a week earlier, and 2 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Sep 18, 2026 close: Technology (XLK) at 101.47, Energy (XLE) at 101.18 and Health Care (XLV) at 100.42.

The 3 weakest at the Sep 18, 2026 close: Retail (XRT) at 97.77, Materials (XLB) at 97.81 and Consumer Discretionary (XLY) at 97.90.

In the week to Sep 18, 2026, Technology (XLK) gained the most momentum, RS-Momentum up 1.51 to 102.26, while Communication Services (XLC) lost the most, down 3.34 to 98.86.

The longest run in one quadrant at the Sep 18, 2026 close belongs to Consumer Staples (XLP): Lagging for 4 weeks running.

All 12 sectors at the close

SectorQuadrantRS-RatioRS-MomentumWeek's move
XLKTechnologyLeading3 wks101.47102.26 1.79
XLEEnergyWeakening1 wk101.1899.25 0.95
XLVHealth CareWeakening1 wk100.4299.31 0.86
XLCCommunication ServicesLagging1 wk99.5898.86 3.52
XLPConsumer StaplesLagging4 wks98.4899.79 0.08
XLFFinancialsLagging1 wk98.4797.34 2.48
XLUUtilitiesLagging1 wk98.3399.95 0.43
XLIIndustrialsImproving2 wks98.15100.96 0.80
XLREReal EstateLagging4 wks98.1499.95 0.28
XLYConsumer DiscretionaryLagging3 wks97.9099.40 0.43
XLBMaterialsLagging3 wks97.8198.81 0.79
XRTRetailLagging4 wks97.7799.71 0.49

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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.