Sector Rotation

@gammacharts
Benchmark Indexes
11 S&P Sectors
S&P Themes
Maga Cap

What it shows

The Relative Rotation Graph plots each asset's relative strength (X) and momentum (Y) vs the group benchmark. Trails show recent rotation paths; quadrant labels show where capital is concentrating.

The rotation quadrants

LEADING
High strength · high momentum — outperforming and accelerating.
WEAKENING
High strength · low momentum — still leading but losing steam.
LAGGING
Low strength · low momentum — underperforming and decelerating.
IMPROVING
Low strength · high momentum — early recovery / catch-up candidate.

How to use it

  • Switch preset tabs (sectors, themes, Mag 7) to match the universe you trade.
  • Follow trails clockwise: Leading → Weakening → Lagging → Improving is the classic rotation cycle.
  • Name moving into Improving while benchmark stays flat often precedes breadth expansion.
  • Pair with the sector heatmap on Macro/Breadth for rank confirmation.

Sector Heatmap

@gammacharts
Benchmark Indexes
11 S&P Sectors
S&P Themes
Maga Cap

Sector Heatmap

"Price is advertising, volume is signal"

The Sector Heatmap ranks rolling relative performance. This approach strips away the noise of the broader market and reveals the true winners and losers in any given timeframe.

Reading the chart

  • Rank cards — today's relative performance rank per asset.
  • Curved trails — how rank changed across prior periods (rotation path).
  • Switch preset tabs (sectors, themes, Mag 7) to match the universe you track.

How to use it

  • Names climbing toward rank 1 while the benchmark lags — early leadership.
  • Defensive sectors rising in rank while growth slips — late-cycle rotation signal.
  • Confirm with the RRG on Macro/Breadth for momentum vs strength quadrants.

RSP / SPY

@gammacharts
RSP / SPY
HYG / TLT
XLK / XLU
SPY / GLD

What it shows

Four cross-asset ratios that summarize participation, credit appetite, growth vs defensives, and equity vs gold — each rebased so direction is easy to scan.

The ratios

  • RSP/SPY — Equal-weight vs cap-weight S&P 500. Rising = broad participation; falling = narrow mega-cap leadership.
  • HYG/TLT — High-yield vs long Treasuries. Rising = risk-on / tight spreads; falling = flight to quality.
  • XLK/XLU — Tech vs utilities. Rising = growth preference; falling = defensive rotation.
  • SPY/GLD — Equities vs gold. Rising = equity preference; falling = hedge / uncertainty bid.

How to use it

  • Scan all four: three or more pointing the same way supports a risk-on or risk-off read.
  • Conflicting ratios (e.g. HYG/TLT up but XLK/XLU down) imply rotation, not a clean macro trend.
  • Use slope over 20–60 sessions; single-day spikes are noise on slow-moving ratios.