XLK -- XLV -- XLY continue to routinely display Relative Strength
horizontal problem areas when looking back 8 months ...
the up moves above key horizontal levels are often not lasting for very long
XLK vs. SPY daily ratio ( relative strength ) -
stockcharts.com
XLF vs. SPY daily ratio ( relative strength ) -
stockcharts.com
XLY vs. SPY daily ratio ( relative strength ) -
stockcharts.com
XLV vs. SPY daily ratio ( relative strength ) -
stockcharts.com
* shown above for future vigilance are the daily ratio charts for XLK XLF XLY XLV vs. SPY
to visually identify with ease whether relative performance by each of the four symbols is
improving or declining relative to the SPY price action ...
thereby, understanding their contributing or diminishing characteristic for the current
SPY price action since Friday February 12, 2021
( Tuesday February 16, 2021 saw one of the earlier new record price highs for SPY )
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shown below is a cut & paste of my comments with S&P 500 sectors, as of
April 1, 2021 for the purpose of comparing the current Feb. 4, 2022
total percentage change to the April 1, 2021 percentage change
using the identical chart start date of Feb 12, 2021 for:
daily ratio charts for XLK XLF XLV XLY XLC XLI XLP XLE XLU XLRE XLB vs. SPY price action:
* data below is ranked in descending order of Percentage influence on the total value
of the S&P 500 index using the April 1, 2021 Morningstar.com statistics based on
Market Capitalization dollar value for each sector Spyder
1. higher highs, , pattern as of April 1, 2021
Feb 4, 2022 close by the selected daily ratio's vs. SPY price action since the Friday February 12 close:
XLF at 14.24% of SPY value - the XLF vs. SPY ratio has gained 7.31% since Feb 12 to April 12, 2021
stockcharts.com
XLI at 9.14% of SPY value - the XLI vs. SPY ratio has gained 7.19% since Feb 12 to April 21, 2021
stockcharts.com
XLP at 6.50% of SPY value - the XLP vs. SPY ratio has gained 1.64% since Feb 12 to April 21, 2021
stockcharts.com
XLE at 2.84% of SPY value - the XLE vs. SPY ratio has gained 11.19% since Feb 12 to April 21, 2021
stockcharts.com
XLU at 2.64% of SPY value - the XLU vs. SPY ratio has gained 0.56% since Feb 12 to April 21, 2021
stockcharts.com
XLRE at 2.47% of SPY value - the XLRE vs. SPY ratio has gained 3.17% since Feb 12 to April 21, 2021
stockcharts.com
XLB at 2.34% of SPY value - the XLB vs. SPY ratio has gained 4.90% since Feb 12 to April 21, 2021
stockcharts.com
2. higher highs & lower lows, , pattern as of April 1, 2021
Feb 4, 2022 close by the selected daily ratio's vs. SPY price action since the Friday February 12 close:
XLC at 11.02% of SPY value - the XLC vs. SPY ratio has lost 0.02% since Feb 12 to April 21, 2021
stockcharts.com
3. lower highs, pattern as of April 1, 2021
Feb 4, 2022 close by the selected daily ratio's vs. SPY price action since the Friday February 12 close:
XLK at 23.69% of SPY value - the XLK vs. SPY ratio has lost 4.30% since Feb 12 to April 21, 2021
stockcharts.com
XLV at 12.94% of SPY value - the XLV vs. SPY ratio has lost 2.71% since Feb 12 to April 21, 2021
stockcharts.com
XLY at 12.18% of SPY value - the XLY vs. SPY ratio has lost 2.67% since Feb 12 to April 21, 2021
stockcharts.com
* descriptor above for the pattern characteristic is taken from
the Feb 12 to April 1, 2021 period
and
is the overall general pattern since Feb 12, not considering lower ratio highs
achieved in March or April
** Relative Strength is the term used to describe XLK:SPY daily ratio,
and as an example
XLK, XLF, XLV, XLY = 63% of the S&P 500 index, which weights each of the 500 individual
stock components using the dollar value of each stock's Market Capitalization as a percentage
of the index's total Market Capitalization value
( approx. 63% according to the Morningstar.com April 1, 2021 update )
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