|Ticker||Relative Strength Index (14)|
Here are the sectors ranked by RSI, which is probably not the best indicator of strength but it does indicate relative strength over the past month. The strength of XLP is nor surprise, but the weakness of XLE and XLU is.
Today was a day trader's dream: buy the drop in the morning and wait for the rumor du jour to jack the market up. Somebody blew it and denied the rumor before the lose, but the damage was minimal. Other than that, I think it is probably certifiably insane to be taking long term positions between now and the end of the year.
I will have the new highs update shortly.