Sector Rotation (RRG)
Leading: IGV.
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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.
- 1 leading, 3 improving, 4 weakening, 5 lagging vs SPY.
- Leading: IGV.
- Turning up from Lagging: XLK, SMH, XLY.
- 8 quadrant crossing(s) in the last 7 sessions: XLE Lagging -> Weakening, XLI Leading -> Weakening, XLK Lagging -> Improving, XLB Improving -> Lagging, SMH Lagging -> Improving, XLY Lagging -> Improving, XLP Improving -> Lagging, XLRE Improving -> Lagging.
- 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 |
|---|---|---|---|---|---|---|---|---|
| IGV | Software (IGV) | Leading | 105.07 | 103.62 | 8 | 5.17 | 6.23 | strengthening |
| XLV | Health Care | Weakening | 102.32 | 93.07 | 19 | 3.67 | 7.31 | deteriorating |
| XLF | Financials | Weakening | 102.07 | 94.13 | 9 | 4.86 | 6.22 | deteriorating |
| XLE | Energy | Weakening | 101.45 | 98.48 | 3 | 7.38 | 2.11 | topping · from Lagging (counter-clockwise x3) |
| XLI | Industrials | Weakening | 100.31 | 96.29 | 6 | 4.66 | 3.73 | deteriorating · from Leading (clockwise) |
| XLK | Technology | Improving | 99.45 | 107.27 | 4 | 10.49 | 7.29 | strengthening · from Lagging (clockwise) |
| XLB | Materials | Lagging | 98.29 | 96.46 | 3 | 7.27 | 3.93 | topping · from Improving (counter-clockwise) |
| SMH | Semiconductors (SMH) | Improving | 97.54 | 103.02 | 2 | 8.01 | 3.90 | strengthening · from Lagging (clockwise) |
| XLY | Consumer Discretionary | Improving | 97.32 | 103.10 | 7 | 5.57 | 4.10 | bottoming · from Lagging (clockwise) |
| XLC | Communication Services | Lagging | 97 | 95.95 | 13 | 2.79 | 5.04 | deteriorating |
| XLP | Consumer Staples | Lagging | 96.04 | 91.13 | 6 | 12.76 | 9.71 | deteriorating · from Improving (counter-clockwise) |
| XLRE | Real Estate | Lagging | 94.95 | 93.15 | 6 | 10.47 | 8.51 | deteriorating · from Improving (counter-clockwise) |
| XLU | Utilities | Lagging | 93.81 | 92.85 | 8 | 10.09 | 9.45 | deteriorating |