Last Weeks Relative Strength Ratings

Here is last weeks Relative Strength ratings for the 30 ETFs (and an index) I track. Note that the current relative strength score incorporates the ETFs prior score into the ranking, thus you have Copper at the top of the list because it had superb strength the prior week. Also, I want to point out that all of these instruments are ranked against the performance of the SPY (S&P)...hence the "relative" in relative strength. Here's the list:
A couple of things worth noting about this week's rankings are the strong performance of both energy (xle) and oil (uso). Also, the weakness in gold (gld), silver(slv) and materials(xlb). Furthermore, the continued weakness in financials (xlf) is concerning for those that are expecting a rally. Personally, I can't imagine much of a sustained rally without the participation of the financials, but who knows, crazier things have occurred.

Once again, these ratings are just that and they are not trade signals of any kind. I just use this spread sheet to keep track of the macro picture of order flow.

Have a great day!

TLT