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Sector rotation · Week 40, 2026

Sector rotation map, week of Sep 28 – Oct 2, 2026

The 12 sector funds against SPY at the close

At the Friday, Oct 2, 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 102.48.

In the week to Oct 2, 2026, Health Care (XLV) moved furthest on the map, 2.17 points, from Leading into Lagging, and 5 sectors changed quadrant in all.

4 sectors were in Lagging at the Oct 2, 2026 close, and Financials (XLF) had the weakest relative strength, an RS-Ratio of 97.35 with RS-Momentum at 99.56, still fading.

Rotation map for the week of Sep 28 – Oct 2, 2026: Leading XLK; Weakening XLE; Lagging XLV, XLC, XLP, XLF; Improving XLI, XRT, XLU, XLY, XLRE, XLB979899101102979899101102100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Leading, RS-Ratio 102.48, RS-Momentum 100.66Sep 4Financials (XLF): Lagging, RS-Ratio 97.35, RS-Momentum 99.56Sep 4Energy (XLE): Weakening, RS-Ratio 100.31, RS-Momentum 99.08Sep 4Health Care (XLV): Lagging, RS-Ratio 99.23, RS-Momentum 98.79Sep 4Consumer Discretionary (XLY): Improving, RS-Ratio 98.19, RS-Momentum 100.56Sep 4Consumer Staples (XLP): Lagging, RS-Ratio 97.84, RS-Momentum 99.69Sep 4Industrials (XLI): Improving, RS-Ratio 98.60, RS-Momentum 100.92Sep 4Materials (XLB): Improving, RS-Ratio 97.71, RS-Momentum 100.14Sep 4Utilities (XLU): Improving, RS-Ratio 98.40, RS-Momentum 100.29Sep 4Real Estate (XLRE): Improving, RS-Ratio 97.89, RS-Momentum 100.03Communication Services (XLC): Lagging, RS-Ratio 98.56, RS-Momentum 98.85Sep 4Retail (XRT): Improving, RS-Ratio 98.53, RS-Momentum 101.20Sep 4
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving6XLI XRT XLU XLY XLRE XLB
Leading1XLK
Lagging4XLV XLC XLP XLF
Weakening1XLE

This week's crossings

  1. XLB MaterialsLagging→Improving
  2. XLRE Real EstateLagging→Improving
  3. XLU UtilitiesLagging→Improving
  4. XLY Consumer DiscretionaryLagging→Improving
  5. XLV Health CareLeading→Lagging

The week in numbers

RS-Ratio above 1002 of 123 a week earlier
RS-Momentum above 1007 of 12
Crossings5sectors changed quadrant
Moved furthestXLV2.17 points on the map

At the Oct 2, 2026 close, 2 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 3 a week earlier, and 7 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Oct 2, 2026 close: Technology (XLK) at 102.48, Energy (XLE) at 100.31 and Health Care (XLV) at 99.23.

The 3 weakest at the Oct 2, 2026 close: Financials (XLF) at 97.35, Materials (XLB) at 97.71 and Consumer Staples (XLP) at 97.84.

In the week to Oct 2, 2026, Financials (XLF) gained the most momentum, RS-Momentum up 1.64 to 99.56, while Health Care (XLV) lost the most, down 1.83 to 98.79.

The longest run in one quadrant at the Oct 2, 2026 close belongs to Technology (XLK): Leading for 5 or more weeks running.

All 12 sectors at the close

SectorQuadrantRS-RatioRS-MomentumWeek's move
XLKTechnologyLeading5+ wks102.48100.66 1.06
XLEEnergyWeakening3 wks100.3199.08 0.68
XLVHealth CareLagging1 wk99.2398.79 2.17
XLIIndustrialsImproving4 wks98.60100.92 0.29
XLCCommunication ServicesLagging3 wks98.5698.85 1.44
XRTRetailImproving2 wks98.53101.20 1.06
XLUUtilitiesImproving1 wk98.40100.29 0.91
XLYConsumer DiscretionaryImproving1 wk98.19100.56 0.75
XLREReal EstateImproving1 wk97.89100.03 0.42
XLPConsumer StaplesLagging5+ wks97.8499.69 0.16
XLBMaterialsImproving1 wk97.71100.14 0.46
XLFFinancialsLagging3 wks97.3599.56 1.64

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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.