Relative Rotation Graphs show the market's internal leadership: who is leading the S&P 500, who is improving, and where relative momentum is breaking down. Weekly rotation identifies current movement, while the monthly view provides the larger trend.
The weekly and monthly views provide two levels of market context. Weekly rotation shows where leadership is moving now. Monthly rotation shows whether that movement is developing into a durable larger trend.
Energy and Health Care remain in Leading, although Energy is losing relative momentum. Consumer Staples, Utilities, Materials, and Consumer Discretionary are advancing through Improving. Financials are recovering toward Leading, while Technology has turned lower in Weakening. Industrials and Communication Services remain on the weaker side of the rotation.
MSFT remains in Leading but has turned sharply lower in relative momentum. META and AAPL are in Leading, while TSLA remains in Improving. NFLX is also in Improving but has turned lower. NVDA has slipped into Weakening, AMZN is recovering from Lagging, and GOOGL remains a relative laggard.
Energy remains the strongest monthly leader, while Technology retains its position in Leading but is losing momentum. Health Care, Materials, Consumer Staples, and Real Estate continue improving. Industrials sit near the Leading/Weakening boundary, while Financials, Utilities, Consumer Discretionary, and Communication Services remain in Lagging.
AAPL remains in Leading, while GOOGL and NVDA are in Weakening. MSFT and AMZN are recovering within Lagging, while META and NFLX also remain in Lagging. TSLA remains in Lagging, with both relative strength and momentum deteriorating as its rotation continues southwest. The monthly picture has not yet confirmed the broader improvement appearing on the weekly timeframe.