XLC is moving from negative to mildly positive improving; strong momentum makes it worth watching.
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Now, then we have XLC. Here you see a difference. It's accelerating, starting better. And despite the fact that it has a very low RS ratio reading, this sector is now improving because it's got the one, two, three, third, fourth strength in momentum.
And that relatively high momentum reading makes it an interesting sector to keep an eye on. So moving that to mildly positive improving.
So here's communication services that just improved a little bit and you see why we're completing this low in the roar strength line that's resulting in the green RS momentum line pushing above 100 and creating a low for the RS ratio line.
So that's definitely out of the negative trend and starting to improve. We do need a little bit more confirmation especially in the RO RS line but things are starting to look better for communication services.
What this channel has said about $XLC
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