Sector Rotation (RRG)
Leading: XLK, SMH.
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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.
- 2 leading, 1 improving, 3 weakening, 7 lagging vs SPY.
- Leading: XLK, SMH.
- Turning up from Lagging: XLI.
- 3 quadrant crossing(s) in the last 7 sessions: SMH Improving -> Leading, XLC Leading -> Lagging, XLU 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 |
|---|---|---|---|---|---|---|---|---|
| XLK | Technology | Leading | 105.87 | 106.30 | 15 | 4.54 | 8.61 | strengthening |
| IGV | Software (IGV) | Weakening | 102.64 | 98.78 | 14 | 1.95 | 2.91 | bottoming |
| SMH | Semiconductors (SMH) | Leading | 102.17 | 105.83 | 5 | 4.44 | 6.22 | strengthening · from Improving (clockwise) |
| XLV | Health Care | Weakening | 101.72 | 99.42 | 19 | 3.88 | 1.82 | strengthening |
| XLE | Energy | Weakening | 100.86 | 95.15 | 18 | 4.05 | 4.93 | deteriorating |
| XLC | Communication Services | Lagging | 99.23 | 95.16 | 2 | 12.80 | 4.90 | deteriorating · from Leading (counter-clockwise) |
| XLI | Industrials | Improving | 95.55 | 102.20 | 8 | 2.06 | 4.96 | strengthening |
| XLU | Utilities | Lagging | 94.85 | 98.88 | 6 | 2.75 | 5.27 | deteriorating · from Improving (counter-clockwise) |
| XLP | Consumer Staples | Lagging | 94.65 | 98.61 | 17 | 3.30 | 5.53 | bottoming |
| XLRE | Real Estate | Lagging | 94.22 | 99.44 | 18 | 1.66 | 5.80 | deteriorating |
| XLY | Consumer Discretionary | Lagging | 94.08 | 99.74 | 30 | 3.38 | 5.92 | strengthening |
| XLB | Materials | Lagging | 93.33 | 97.89 | 16 | 5.42 | 6.99 | bottoming |
| XLF | Financials | Lagging | 92.74 | 93.19 | 10 | 6.84 | 9.95 | deteriorating |