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Sector rotation · Week 39, 2026

Sector rotation map, week of Sep 21–25, 2026

The 12 sector funds against SPY at the close

At the Friday, Sep 25, 2026 close, 2 of the 12 sectors sat in Leading, and Technology (XLK) had the strongest relative strength against the S&P 500, an RS-Ratio of 102.37.

In the week to Sep 25, 2026, Energy (XLE) moved furthest on the map, 1.33 points, losing both relative strength and momentum within Weakening, and 2 sectors changed quadrant in all.

7 sectors were in Lagging at the Sep 25, 2026 close, and Financials (XLF) had the weakest relative strength, an RS-Ratio of 97.27 with RS-Momentum at 97.92, still fading.

Rotation map for the week of Sep 21–25, 2026: Leading XLK, XLV; Weakening XLE; Lagging XLC, XLP, XLU, XLY, XLB, XLRE, XLF; Improving XLI, XRT979899101102979899101102100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Leading, RS-Ratio 102.37, RS-Momentum 101.71Aug 28Financials (XLF): Lagging, RS-Ratio 97.27, RS-Momentum 97.92Aug 28Energy (XLE): Weakening, RS-Ratio 100.14, RS-Momentum 98.42Aug 28Health Care (XLV): Leading, RS-Ratio 100.40, RS-Momentum 100.62Aug 28Consumer Discretionary (XLY): Lagging, RS-Ratio 97.77, RS-Momentum 99.94Aug 28Consumer Staples (XLP): Lagging, RS-Ratio 98.00, RS-Momentum 99.71Aug 28Industrials (XLI): Improving, RS-Ratio 98.32, RS-Momentum 100.85Aug 28Materials (XLB): Lagging, RS-Ratio 97.69, RS-Momentum 99.68Aug 28Utilities (XLU): Lagging, RS-Ratio 97.85, RS-Momentum 99.56Aug 28Real Estate (XLRE): Lagging, RS-Ratio 97.68, RS-Momentum 99.67Aug 28Communication Services (XLC): Lagging, RS-Ratio 99.96, RS-Momentum 98.53Aug 28Retail (XRT): Improving, RS-Ratio 98.11, RS-Momentum 100.23Aug 28
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving2XLI XRT
Leading2XLK XLV
Lagging7XLC XLP XLU XLY XLB XLRE XLF
Weakening1XLE

This week's crossings

  1. XLV Health CareWeakening→Leading
  2. XRT RetailLagging→Improving

The week in numbers

RS-Ratio above 1003 of 123 a week earlier
RS-Momentum above 1004 of 12
Crossings2sectors changed quadrant
Moved furthestXLE1.33 points on the map

At the Sep 25, 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, the same count as a week earlier, and 4 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Sep 25, 2026 close: Technology (XLK) at 102.37, Health Care (XLV) at 100.40 and Energy (XLE) at 100.14.

The 3 weakest at the Sep 25, 2026 close: Financials (XLF) at 97.27, Real Estate (XLRE) at 97.68 and Materials (XLB) at 97.69.

In the week to Sep 25, 2026, Health Care (XLV) gained the most momentum, RS-Momentum up 1.31 to 100.62, while Energy (XLE) lost the most, down 0.83 to 98.42.

The longest run in one quadrant at the Sep 25, 2026 close belongs to Consumer Staples (XLP): Lagging for 5 or more weeks running.

All 12 sectors at the close

SectorQuadrantRS-RatioRS-MomentumWeek's move
XLKTechnologyLeading4 wks102.37101.71 1.05
XLVHealth CareLeading1 wk100.40100.62 1.31
XLEEnergyWeakening2 wks100.1498.42 1.33
XLCCommunication ServicesLagging2 wks99.9698.53 0.50
XLIIndustrialsImproving3 wks98.32100.85 0.20
XRTRetailImproving1 wk98.11100.23 0.62
XLPConsumer StaplesLagging5+ wks98.0099.71 0.49
XLUUtilitiesLagging2 wks97.8599.56 0.62
XLYConsumer DiscretionaryLagging4 wks97.7799.94 0.56
XLBMaterialsLagging4 wks97.6999.68 0.88
XLREReal EstateLagging5+ wks97.6899.67 0.54
XLFFinancialsLagging2 wks97.2797.92 1.33

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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.