“The Sector Rotation Just Changed. Here’s What’s Leading”
$XLREBearish
XLRE is an underperforming sector with a negative outlook, as it has failed to break higher for over two months and is likely to decline.
And then we have XLRE, real estate, that is now clearly an underperformer. Look at that rotation. It's even hooked backwards, which means that rotation was really fast. If you would show this on a daily chart, you would see a very rapid rotation through all four quadrants, moving back into the lagging quadrant.
That has happened in a couple of weeks here for real estate. So, that's really a negative outlook for the real estate sector right now.