September 29th update: The Market Strength Index of the 11 US Sectors is rising sharply

The long-term view of the Sector Market Strength Index

The short-term view of the Sector Market Strength Index

From the charts above we can conclude the following:

1. Despite the horizontal movement of SPY, the MSI of all Sectors is rising quite impressively.

2. The Sectors XLK, XLV, XLU have the highest MSI