Double + For Utilities And Real Estate On Relative Rotation Graph
The weekly chart above shows continuing strength for Utilities and Real Estate as they continue to move higher on both axes of the RRG.
Staples and Healthcare are still comfortable inside the boundaries of the leading quadrant but lost a bit of their relative momentum which causes them to move more or less flat for now. There is nothing wrong with flat and higher on the JdK RS-Ratio scale! It means that the relative uptrend is intact and still moving higher but at a stable pace.