“The Sector Rotation Just Changed. Here’s What’s Leading”
XLB is upgraded to neutral positive outlook; if it breaks resistance near 53.60, it could outperform and enter the leading quadrant.
So, we start with materials with XLB. And what you see here is that it has started to move back up really rapidly. And what we're going to look at the chart after I do the I do the RRG first and then we look at the various charts.
And what you can see here that there is a rapid improvement in the material sector. So, the underperformance where it was, I have changed it to a neutral with a positive outlook because this is quite a lot of relative momentum that's picking up and it gives good opportunities for the material sector.