$SPX $SPY Recent leadership?  Leaders off the 5-13 closing low: Tech has underperformed $SPY.  Leaders are [$XLI $XLF] &gt; {$XLRE &gt; $XLB &gt; $XLY] &gt; $XLU &gt; [$XLE $XLC $SPY} &gt; $XLK &gt; [$XLV $XLP]   "[   ]" means running around the same level but in stated order...