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