Sector Rotation (RRG)
Leading: XLP, XLY, XLF, XLU, XLRE, XLB.
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Relative Rotation Graph for the SPDR sectors plus SMH/IGV against SPY. Each sector is plotted by RS-Ratio (relative trend) and RS-Momentum (rate of change of that trend), with a 7-session tail showing the direction of travel. Healthy rotation runs clockwise: Improving -> Leading -> Weakening -> Lagging. Context for where money is moving, not a timing signal.
- 6 leading, 2 improving, 2 weakening, 3 lagging vs SPY.
- Leading: XLP, XLY, XLF, XLU, XLRE, XLB.
- Turning up from Lagging: XLI, XLC.
- 3 quadrant crossing(s) in the last 7 sessions: XLV Leading -> Weakening, XLE Lagging -> Weakening, XLC Lagging -> Improving.
- Context map, not a timing signal — no trade is triggered off this study.
When to run this study
Read weekly, not daily. The series is smoothed and normalized over a quarter, so a single session rarely moves a sector across a quadrant line and staring at it daily invites reading noise as rotation. Most useful when you already have a thesis and want to know whether the sector behind it is being accumulated or quietly distributed. It is a context map: it shows where money has been rotating, not when to buy anything.
Historical results
Current quadrant state (7-session tail)
| Symbol | Sector | Quadrant | RS-Ratio | RS-Mom | Sessions in quadrant | Tail travel | Dist. from centre | Heading |
|---|---|---|---|---|---|---|---|---|
| XLV | Health Care | Weakening | 105.61 | 99.22 | 2 | 3.75 | 5.66 | deteriorating · from Leading (clockwise) |
| XLP | Consumer Staples | Leading | 105.28 | 100.54 | 21 | 4.06 | 5.31 | deteriorating |
| XLY | Consumer Discretionary | Leading | 104.95 | 103.69 | 14 | 3.50 | 6.18 | topping |
| XLF | Financials | Leading | 103.87 | 102.88 | 11 | 2.42 | 4.82 | topping |
| XLU | Utilities | Leading | 103.71 | 102.71 | 14 | 2.34 | 4.60 | topping |
| XLRE | Real Estate | Leading | 103.12 | 103.73 | 10 | 2.82 | 4.86 | strengthening |
| XLB | Materials | Leading | 102.84 | 101.35 | 14 | 2.91 | 3.14 | deteriorating |
| XLE | Energy | Weakening | 100.30 | 95.30 | 1 | 5.48 | 4.71 | deteriorating · from Lagging (counter-clockwise x2) |
| XLI | Industrials | Improving | 99.92 | 102.66 | 41 | 1.37 | 2.66 | topping |
| XLC | Communication Services | Improving | 99.26 | 105.48 | 6 | 9.97 | 5.53 | strengthening · from Lagging (clockwise) |
| IGV | Software (IGV) | Lagging | 96.50 | 92.24 | 8 | 7.15 | 8.52 | deteriorating |
| SMH | Semiconductors (SMH) | Lagging | 95.10 | 98.45 | 22 | 3.88 | 5.14 | strengthening |
| XLK | Technology | Lagging | 94.82 | 97.18 | 20 | 3.89 | 5.90 | deteriorating |