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Sector rotation · Week 45, 2026

Sector rotation map, week of Nov 2–6, 2026

The 12 sector funds against SPY at the close

At the Friday, Nov 6, 2026 close, 6 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 102.72, in Weakening.

In the week to Nov 6, 2026, Communication Services (XLC) moved furthest on the map, 4.42 points, from Lagging into Improving, and 4 sectors changed quadrant in all.

2 sectors were in Lagging at the Nov 6, 2026 close, and Technology (XLK) had the weakest relative strength, an RS-Ratio of 97.45 with RS-Momentum at 98.85, still fading.

Rotation map for the week of Nov 2–6, 2026: Leading XLY, XRT, XLU, XLF, XLRE, XLB; Weakening XLV, XLP; Lagging XLE, XLK; Improving XLC, XLI979899101102103979899101102103100100Relative strength →Momentum →ImprovingLeadingLaggingWeakeningTechnology (XLK): Lagging, RS-Ratio 97.45, RS-Momentum 98.85Oct 9Financials (XLF): Leading, RS-Ratio 101.82, RS-Momentum 101.12Oct 9Energy (XLE): Lagging, RS-Ratio 99.79, RS-Momentum 97.79Oct 9Health Care (XLV): Weakening, RS-Ratio 102.72, RS-Momentum 99.96Oct 9Consumer Discretionary (XLY): Leading, RS-Ratio 102.40, RS-Momentum 101.87Oct 9Consumer Staples (XLP): Weakening, RS-Ratio 102.56, RS-Momentum 99.97Oct 9Industrials (XLI): Improving, RS-Ratio 99.60, RS-Momentum 100.92Oct 9Materials (XLB): Leading, RS-Ratio 101.64, RS-Momentum 100.68Oct 9Utilities (XLU): Leading, RS-Ratio 101.83, RS-Momentum 100.96Oct 9Real Estate (XLRE): Leading, RS-Ratio 101.77, RS-Momentum 101.61Oct 9Communication Services (XLC): Improving, RS-Ratio 99.71, RS-Momentum 101.89Oct 9Retail (XRT): Leading, RS-Ratio 102.33, RS-Momentum 101.21Oct 9
Point at a dot, or tap it, to draw its path through the last four weekly closes.

Where the 12 sit

Improving2XLC XLI
Leading6XLY XRT XLU XLF XLRE XLB
Lagging2XLE XLK
Weakening2XLV XLP

This week's crossings

  1. XLC Communication ServicesLagging→Improving
  2. XLP Consumer StaplesLeading→Weakening
  3. XLV Health CareLeading→Weakening
  4. XLE EnergyWeakening→Lagging

The week in numbers

RS-Ratio above 1008 of 129 a week earlier
RS-Momentum above 1008 of 12
Crossings4sectors changed quadrant
Moved furthestXLC4.42 points on the map

At the Nov 6, 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, down from 9 a week earlier, and 8 had RS-Momentum above 100.

The 3 strongest by RS-Ratio at the Nov 6, 2026 close: Health Care (XLV) at 102.72, Consumer Staples (XLP) at 102.56 and Consumer Discretionary (XLY) at 102.40.

The 3 weakest at the Nov 6, 2026 close: Technology (XLK) at 97.45, Industrials (XLI) at 99.60 and Communication Services (XLC) at 99.71.

In the week to Nov 6, 2026, Communication Services (XLC) gained the most momentum, RS-Momentum up 3.44 to 101.89, while Energy (XLE) lost the most, down 2.06 to 97.79.

The longest run in one quadrant at the Nov 6, 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 CareWeakening1 wk102.7299.96 0.67
XLPConsumer StaplesWeakening1 wk102.5699.97 0.55
XLYConsumer DiscretionaryLeading3 wks102.40101.87 1.46
XRTRetailLeading4 wks102.33101.21 0.70
XLUUtilitiesLeading3 wks101.83100.96 0.44
XLFFinancialsLeading3 wks101.82101.12 1.09
XLREReal EstateLeading2 wks101.77101.61 1.32
XLBMaterialsLeading3 wks101.64100.68 0.47
XLEEnergyLagging1 wk99.7997.79 3.36
XLCCommunication ServicesImproving1 wk99.71101.89 4.42
XLIIndustrialsImproving5+ wks99.60100.92 0.08
XLKTechnologyLagging4 wks97.4598.85 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.