|Ticker||Relative Strength Index (14)|
Here are the sectors ranked by RSI, which indicates strength over the past 20 days (one month). A month ago, XLE was the weakest and about to come unglued, now it is the strongest. XLU has dropped to the middle of the pack, despite the fact that RSI is rising, it is just rising more slowly.
So far, the market has stalled, but shows no sign of collapse. In fact, it is now showing signs of accumulation, and we may see a buying opportunity here with a pullback.
I will have the new highs update shortly.