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Sector rotation · Week 43, 2026

Sector rotation map, week of Oct 19–23, 2026

The 12 sector funds against SPY at the close

At the Friday, Oct 23, 2026 close, 8 of the 12 sectors sat in Leading, and Health Care (XLV) had the strongest relative strength against the S&P 500, an RS-Ratio of 102.47.

In the week to Oct 23, 2026, Communication Services (XLC) moved furthest on the map, 2.79 points, from Improving into Lagging, and 5 sectors changed quadrant in all.

2 sectors were in Lagging at the Oct 23, 2026 close, and Communication Services (XLC) had the weakest relative strength, an RS-Ratio of 97.07 with RS-Momentum at 99.28, still fading.

Rotation map for the week of Oct 19–23, 2026: Leading XLV, XLE, XLP, XRT, XLU, XLB, XLF, XLY; Weakening none; Lagging XLK, XLC; Improving XLRE, XLI979899101102979899101102103100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Lagging, RS-Ratio 99.28, RS-Momentum 98.42Financials (XLF): Leading, RS-Ratio 100.07, RS-Momentum 101.51Sep 25Energy (XLE): Leading, RS-Ratio 102.37, RS-Momentum 101.15Sep 25Health Care (XLV): Leading, RS-Ratio 102.47, RS-Momentum 101.98Sep 25Consumer Discretionary (XLY): Leading, RS-Ratio 100.00, RS-Momentum 100.83Sep 25Consumer Staples (XLP): Leading, RS-Ratio 102.11, RS-Momentum 101.94Sep 25Industrials (XLI): Improving, RS-Ratio 98.82, RS-Momentum 100.66Sep 25Materials (XLB): Leading, RS-Ratio 100.41, RS-Momentum 101.73Sep 25Utilities (XLU): Leading, RS-Ratio 100.53, RS-Momentum 101.21Sep 25Real Estate (XLRE): Improving, RS-Ratio 99.88, RS-Momentum 101.30Sep 25Communication Services (XLC): Lagging, RS-Ratio 97.07, RS-Momentum 99.28Sep 25Retail (XRT): Leading, RS-Ratio 100.68, RS-Momentum 101.79Sep 25
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving2XLRE XLI
Leading8XLV XLE XLP XRT XLU XLB XLF XLY
Lagging2XLK XLC
Weakening0–

This week's crossings

  1. XLB MaterialsImproving→Leading
  2. XLF FinancialsImproving→Leading
  3. XLU UtilitiesImproving→Leading
  4. XLY Consumer DiscretionaryImproving→Leading
  5. XLC Communication ServicesImproving→Lagging

The week in numbers

RS-Ratio above 1008 of 124 a week earlier
RS-Momentum above 10010 of 12
Crossings5sectors changed quadrant
Moved furthestXLC2.79 points on the map

At the Oct 23, 2026 close, 8 of the 12 sectors had an RS-Ratio above 100, relative strength above their own 60-session norm against the S&P 500, up from 4 a week earlier, and 10 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Oct 23, 2026 close: Health Care (XLV) at 102.47, Energy (XLE) at 102.37 and Consumer Staples (XLP) at 102.11.

The 3 weakest at the Oct 23, 2026 close: Communication Services (XLC) at 97.07, Industrials (XLI) at 98.82 and Technology (XLK) at 99.28.

In the week to Oct 23, 2026, Technology (XLK) gained the most momentum, RS-Momentum up 1.07 to 98.42, while Communication Services (XLC) lost the most, down 1.48 to 99.28.

The longest run in one quadrant at the Oct 23, 2026 close belongs to Industrials (XLI): Improving for 5 or more weeks running.

All 12 sectors at the close

SectorQuadrantRS-RatioRS-MomentumWeek's move
XLVHealth CareLeading2 wks102.47101.98 1.32
XLEEnergyLeading3 wks102.37101.15 0.43
XLPConsumer StaplesLeading2 wks102.11101.94 0.85
XRTRetailLeading2 wks100.68101.79 0.45
XLUUtilitiesLeading1 wk100.53101.21 0.60
XLBMaterialsLeading1 wk100.41101.73 0.52
XLFFinancialsLeading1 wk100.07101.51 0.83
XLYConsumer DiscretionaryLeading1 wk100.00100.83 0.73
XLREReal EstateImproving4 wks99.88101.30 0.51
XLKTechnologyLagging2 wks99.2898.42 1.07
XLIIndustrialsImproving5+ wks98.82100.66 0.19
XLCCommunication ServicesLagging1 wk97.0799.28 2.79

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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.