$766.81
+1.65% close-to-close price change
Completed session 2026-11-04. Not an executable quote.
SECTOR ROTATION · RESEARCH PREVIEW
Sector rotation
Nasdaq closes · 2026-11-04 · 11 sectors vs SPY
- Economy-linked sectors
- +4.72 percentage points
- Defensive group
- +6.00 percentage points
- Technology, energy & communications
- -3.63 percentage points
An average of the sector funds in each group. Positive means ahead of SPY; negative means behind. It does not mean the group necessarily rose or fell.
Rotation map
Right: stronger vs SPY. Up: improving momentum.
Scroll the map sideways on small screens. Exact values are listed in the sector cards below.
Sector rankings
Ranked by composite score · five-day returns shown below.
XLRE · DefensiveBuilding on strength
Real estate
Rank#1Score81.15d vs SPY+7.81 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
81.1/100Past-performance score · position 1 of 11, not odds of future gains
$45.12 closing price · +3.32%
- 1 session
- +3.32% · +1.67 pp vs SPY
- 5 sessions
- +7.10% · +7.81 pp vs SPY
- 20 sessions
- +11.22% · +12.55 pp vs SPY
RS ratio 104.12 · Momentum 103.59
Reported volume: 9,042,861 shares
Related company research · not verified ETF holdings.
XLY · CyclicalBuilding on strength
Consumer discretionary
Rank#2Score78.95d vs SPY+6.78 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
78.9/100Past-performance score · position 2 of 11, not odds of future gains
$122.33 closing price · +4.26%
- 1 session
- +4.26% · +2.61 pp vs SPY
- 5 sessions
- +6.07% · +6.78 pp vs SPY
- 20 sessions
- +9.85% · +11.19 pp vs SPY
RS ratio 104.69 · Momentum 102.71
Reported volume: 18,311,250 shares
Related company research · not verified ETF holdings.
XLV · DefensiveBuilding on strength
Healthcare
Rank#3Score77.05d vs SPY+6.24 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
77.0/100Past-performance score · position 3 of 11, not odds of future gains
$189.66 closing price · +3.06%
- 1 session
- +3.06% · +1.41 pp vs SPY
- 5 sessions
- +5.53% · +6.24 pp vs SPY
- 20 sessions
- +12.35% · +13.69 pp vs SPY
RS ratio 103.34 · Momentum 100.78
Reported volume: 16,802,440 shares
Related company research · not verified ETF holdings.
XLP · DefensiveBuilding on strength
Consumer staples
Rank#4Score74.15d vs SPY+6.59 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
74.1/100Past-performance score · position 4 of 11, not odds of future gains
$91.94 closing price · +3.36%
- 1 session
- +3.36% · +1.71 pp vs SPY
- 5 sessions
- +5.87% · +6.59 pp vs SPY
- 20 sessions
- +12.53% · +13.87 pp vs SPY
RS ratio 102.83 · Momentum 101.40
Reported volume: 23,847,000 shares
Related company research · not verified ETF holdings.
XLF · CyclicalBuilding on strength
Financials
Rank#5Score70.25d vs SPY+6.18 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
70.2/100Past-performance score · position 5 of 11, not odds of future gains
$59.20 closing price · +3.51%
- 1 session
- +3.51% · +1.86 pp vs SPY
- 5 sessions
- +5.47% · +6.18 pp vs SPY
- 20 sessions
- +10.14% · +11.48 pp vs SPY
RS ratio 103.70 · Momentum 102.07
Reported volume: 52,105,360 shares
Related company research · not verified ETF holdings.
XLB · CyclicalBuilding on strength
Materials
Rank#6Score67.75d vs SPY+4.65 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
67.7/100Past-performance score · position 6 of 11, not odds of future gains
$53.90 closing price · +2.49%
- 1 session
- +2.49% · +0.84 pp vs SPY
- 5 sessions
- +3.93% · +4.65 pp vs SPY
- 20 sessions
- +10.04% · +11.38 pp vs SPY
RS ratio 102.44 · Momentum 100.43
Reported volume: 21,280,710 shares
Related company research · not verified ETF holdings.
XLU · DefensiveBuilding on strength
Utilities
Rank#7Score51.65d vs SPY+3.35 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
51.6/100Past-performance score · position 7 of 11, not odds of future gains
$43.61 closing price · +0.44%
- 1 session
- +0.44% · -1.21 pp vs SPY
- 5 sessions
- +2.64% · +3.35 pp vs SPY
- 20 sessions
- +5.98% · +7.32 pp vs SPY
RS ratio 100.76 · Momentum 100.11
Reported volume: 41,323,000 shares
Related company research · not verified ETF holdings.
XLI · CyclicalBuilding on strength
Industrials
Rank#8Score32.35d vs SPY+1.29 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
32.3/100Past-performance score · position 8 of 11, not odds of future gains
$169.46 closing price · -1.09%
- 1 session
- -1.09% · -2.74 pp vs SPY
- 5 sessions
- +0.58% · +1.29 pp vs SPY
- 20 sessions
- +0.97% · +2.30 pp vs SPY
RS ratio 100.19 · Momentum 100.12
Reported volume: 12,366,830 shares
Related company research · not verified ETF holdings.
XLC · SensitiveBuilding on strength
Communication services
Rank#9Score26.45d vs SPY+2.48 pp
See score, returns & trading volume
Compared with SPY, it is at or above its recent average and at least as strong as 10 trading days ago. Model label: Leading.
26.4/100Past-performance score · position 9 of 11, not odds of future gains
$104.96 closing price · +3.47%
- 1 session
- +3.47% · +1.82 pp vs SPY
- 5 sessions
- +1.76% · +2.48 pp vs SPY
- 20 sessions
- -5.66% · -4.32 pp vs SPY
RS ratio 101.27 · Momentum 103.18
Reported volume: 11,580,860 shares
Related company research · not verified ETF holdings.
XLE · SensitiveWeakness is continuing
Energy
Rank#10Score13.05d vs SPY-6.49 pp
See score, returns & trading volume
Compared with SPY, it is below its recent average and weaker than 10 trading days ago. Model label: Lagging.
13.0/100Past-performance score · position 10 of 11, not odds of future gains
$63.52 closing price · -4.74%
- 1 session
- -4.74% · -6.39 pp vs SPY
- 5 sessions
- -7.20% · -6.49 pp vs SPY
- 20 sessions
- +0.25% · +1.59 pp vs SPY
RS ratio 93.02 · Momentum 91.54
Reported volume: 69,356,850 shares
Related company research · not verified ETF holdings.
XLK · SensitiveWeakness is continuing
Technology
Rank#11Score7.75d vs SPY-6.88 pp
See score, returns & trading volume
Compared with SPY, it is below its recent average and weaker than 10 trading days ago. Model label: Lagging.
7.7/100Past-performance score · position 11 of 11, not odds of future gains
$176.50 closing price · -0.01%
- 1 session
- -0.01% · -1.66 pp vs SPY
- 5 sessions
- -7.59% · -6.88 pp vs SPY
- 20 sessions
- -12.36% · -11.02 pp vs SPY
RS ratio 96.09 · Momentum 97.56
Reported volume: 12,701,850 shares
Related company research · not verified ETF holdings.
Rank changes
Last five completed sessions.
Real estatePosition 9 → 1 of 11 · Moved up2026-10-28 → 2026-11-04Consumer discretionaryPosition 7 → 2 of 11 · Moved up2026-10-28 → 2026-11-04HealthcarePosition 4 → 3 of 11 · Moved up2026-10-28 → 2026-11-04Consumer staplesPosition 6 → 4 of 11 · Moved up2026-10-28 → 2026-11-04FinancialsPosition 5 → 5 of 11 · Rank unchanged; pattern changed2026-10-28 → 2026-11-04MaterialsPosition 3 → 6 of 11 · Moved down2026-10-28 → 2026-11-04
Latest daily leadership changes
XLY: rank 8 → 2; Weakening → Leading · 2026-11-03 / 2026-11-04
XLV: rank 2 → 3; Weakening → Leading · 2026-11-03 / 2026-11-04
XLP: rank 7 → 4; Weakening → Leading · 2026-11-03 / 2026-11-04
XLF: rank 3 → 5; Leading → Leading · 2026-11-03 / 2026-11-04
XLB: rank 4 → 6; Weakening → Leading · 2026-11-03 / 2026-11-04
XLU: rank 6 → 7; Leading → Leading · 2026-11-03 / 2026-11-04
XLI: rank 5 → 8; Leading → Leading · 2026-11-03 / 2026-11-04
XLC: rank 10 → 9; Lagging → Leading · 2026-11-03 / 2026-11-04
XLE: rank 9 → 10; Lagging → Lagging · 2026-11-03 / 2026-11-04
XLK: rank 11 → 11; Improving → Lagging · 2026-11-03 / 2026-11-04
Data sources & exact dates
As of 2026-11-04
- History used
- →
- Trading days in the data
- 86 closing prices per fund
- What we compare
- 11 sector funds, compared with SPY
Time periods & exact dates
Dates below come from the aligned source history, not calendar-day subtraction. “5 sessions” means five trading intervals and needs six closing observations; weekends and missing source dates are not counted as sessions.
| Measure | Window | Dates used |
|---|---|---|
| 1-session return | 1 closing interval | 2026-11-03 → 2026-11-04 |
| 5-session return / regime | 5 closing intervals | 2026-10-28 → 2026-11-04 |
| 20-session relative return | 20 closing intervals | 2026-10-07 → 2026-11-04 |
| SMA20 trend | 20 closing observations | 2026-10-08 → 2026-11-04 |
| SMA50 trend | 50 closing observations | 2026-08-26 → 2026-11-04 |
| RS-ratio baseline / RS slope | 10 aligned observations | 2026-10-22 → 2026-11-04 |
| RS-momentum comparison | RS-ratio now vs 10 sessions earlier | 2026-10-21 → 2026-11-04 |
| Stored rotation trail | 6 dated model observations | 2026-10-28 → 2026-11-04 |
| Volume baseline | 20 prior sessions, excluding the latest | 2026-10-07 → 2026-11-03 |
Each RS-ratio uses its own 10-session moving baseline. Momentum compares two of those ratios, so its full input history extends earlier than the two comparison dates. Volume pressure also uses the latest 10 signed-volume changes. The score combines these windows; it is not a three-month return.
Nasdaq · completed daily closing prices, not live quotes. Price returns exclude dividends; no separate dividend-adjusted series is supplied.
Freshness and source details
Nasdaq historical ETF prices · Retrieved 2026-11-05 17:26:46.205 UTC.
Nasdaq-provided history; not independently reconciled. Returns use closing prices without a separate dividend adjustment. This is historical research, not a live quote feed or measured fund flows.
Saved comparison · Shared across visits. Source refreshes run separately from page rendering. Next source check after 2026-11-05 19:26:46.258 UTC.
The latest required session follows the published NYSE holiday calendar. A trading day is considered complete after 4:30 PM Eastern, including early-close days. Every fund must include that session; an older snapshot is not presented as current. Returns use source closing prices, exclude dividends, and can be affected by splits or source corrections. Daily ETF volume is provider-reported.
How this is calculated & what it cannot tell you
Model rotation-price-v3 is separate from the preserved legacy v1 baseline. Weights: 25% 20-session relative return; 20% five-session relative return; 15% SMA20/SMA50 position; 15% volume pressure; 15% normalized ten-session RS regression slope; 10% last completed session's relative return. Return, volume and slope factors use midrank percentiles across eleven sectors. SMA positions contribute 0, 50 or 100. Volume pressure averages the percentile of ten-session normalized OBV change and signed log current/prior-20 average volume ratio.
The calculation is reproducible but has not been validated as a predictor. Closing-price histories may change following source corrections. Nasdaq source availability and commercial display permissions are separate questions; launch approval remains outstanding.
All instrument histories must have matching dates, at least 51 complete bars, valid OHLC/volume and matching instrument metadata. All twelve funds must reach the latest completed NYSE trading session. A recent retrieval alone cannot make old history current. Scheduled closures are maintained through 2027; unscheduled exchange closures may require a calendar update.
- SPY: latest completed price session 2026-11-04
- XLK: latest completed price session 2026-11-04
- XLV: latest completed price session 2026-11-04
- XLE: latest completed price session 2026-11-04
- XLF: latest completed price session 2026-11-04
- XLY: latest completed price session 2026-11-04
- XLI: latest completed price session 2026-11-04
- XLU: latest completed price session 2026-11-04
- XLB: latest completed price session 2026-11-04
- XLRE: latest completed price session 2026-11-04
- XLC: latest completed price session 2026-11-04
- XLP: latest completed price session 2026-11-04