|Ticker||Relative Strength Index (14)|
Here are the sectors ranked by RSI. XLE was in last place just a few weeks ago, and is now the strongest as measured by RSI. I don't think that will continue for long (that is just a guess on my part), but it has made a very remarkable run off the bottom.
We are probably due for a nominal pullback here, and if this is indeed a new up trend (as it does appear to be), a buying opportunity. I will have the new highs update shortly.