Sector Drilldown:
Materials
Chart Highlights
Materials ahs moved up into the 4th spot this week in the 3 month RS rankings after being in the red zone last quarter.
If we move over to the 6mo rankings we see the same positioning, but this measure jumped 28 points over the last week, so both short and intermediate RS are on the move while the chart remains in its current pattern.
As we look at them versus the rest of the subsectors, rankings span the list with Chemicals up in the 80s and Precious Metals in the teens.
