XLI has rolled over and is heading lower, warranting a neutral negative outlook.
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And then industrials, [clears throat] which used to be the other sector together with technology with a positive outlook, has rolled over. It's does not seem to be able to make it all the way to the leading quadrant.
So that positive outlook and remember when I scroll back 1 2 3 4, industrials was the second third sector when you look at the RS ratio scale. And the other sectors have overtaken it right now and you can see that it's now also rolled over and moving at a negative heading.
So reason enough to downgrade industrials to a neutral negative outlook to an orange box.
Now, we have industrials. That sector dropped back. We As as I showed you on the RRG, I moved it to a neutral negative to an orange outlook, and that's because that break didn't materialize.
It didn't move it it's just like 1 2 weeks was peaking above it, and now this week we're rapidly moving lower. We're still inside the boundaries of the upside the the rising channel, but this is not a very good move, and you can immediately see the result in the relative strength where we well, I don't know, call it a little toppish formation, although it's right in the middle of that range, but it's now clearly heading towards the lower boundary of that trading range, and that's already starting to take its effect on the RRG line.
So, the outlook for industrials has just become a little bit more negative.
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