Major indexes are hitting new all-time highs

Major indexes are hitting new all-time highs, but participation isn’t broad across all market sectors. Here’s a simplified top-down view from today’s close, sorted by 1-month relative strength, highlighting areas that contributed—and those that didn’t.

Sectoral Level:

Leading Cap Weighted SPDR Sector (1-Month RS 100%):

$Consumer Discretionary Select Sector SPDR Fund(XLY)$ $Financial Select Sector SPDR Fund(XLF)$ $Industrial Select Sector SPDR Fund(XLI)$

(Note: XLK at 67% as it did not reach a 1-Month High)

Lagging Cap Weighted SPDR Sector (1-Month RS 0%):

$Utilities Select Sector SPDR Fund(XLU)$ $Materials Select Sector SPDR Fund(XLB)$ $Health Care Select Sector SPDR Fund(XLV)$ $Consumer Staples Select Sector SPDR Fund(XLP)$ $Real Estate Select Sector SPDR Fund(XLRE)$

Leading Equal Weighted Invesco Sector (1-Month RS 100%):

$Invesco S&P 500 Equal Weight Industrials ETF(RSPN)$ $Invesco S&P 500 Equal Weight Financials ETF(RSPF)$

Lagging Equal Weighted Invesco Sector (1-Month RS 0%):

$Invesco S&P 500 Equal Weight Utilities ETF(RSPU)$ $Invesco S&P 500 Equal Weight Materials ETF(RSPM)$ $Invesco S&P 500 Equal Weight Real Estate ETF(RSPR)$ $Invesco S&P 500 Equal Weight Consumer Staples ETF(RSPS)$

Industry Group Level:

Leading Cap Weighted ETF Groups (1-Month RS 100%)

$First Trust Dow Jones Internet Index Fund(FDN)$ $Global X Cloud Computing ETF(CLOU)$ $iShares Expanded Tech-Software Sector ETF(IGV)$ $ARK Innovation ETF(ARKK)$ $Procure Space ETF(UFO)$ $Global X MSCI Argentina ETF(ARGT)$ $ARK Fintech Innovation ETF(ARKF)$ $ARK Next Generation Internation ETF(ARKW)$ $iShares U.S. Transportation ETF(IYT)$ $ARK Autonomous Technology & Robotics ETF(ARKQ)$ $SPDR S&P Regional Banking ETF(KRE)$ $iShares U.S. Broker-Dealers & Securities Exchanges ETF(IAI)$ $Valkyrie Bitcoin Miners ETF(WGMI)$ $iShares Bitcoin Trust(IBIT)$

Lagging Cap Weighted ETF Groups (1-Month RS 0%)

$United States Natural Gas Fund LP(UNG)$ $Invesco Solar ETF(TAN)$ $SPDR Gold Shares(GLD)$ $Global X Hydrogen ETF(HYDR)$ $Amplify Seymour Cannabis ETF(CNBS)$ $iShares Global Clean Energy ETF(ICLN)$ $FlexShares Global Upstream Natural Resources Index Fund(GUNR)$ $ISHARES U.S. DIGITAL INFRASTRUCTURE AND REAL ESTATE ETF(IDGT)$ $iShares Silver Trust(SLV)$ $Schwab U.S. REIT ETF(SCHH)$ $iShares U.S. Home Construction ETF(ITB)$ $Fidelity Electric Vehicles and Future Transportation ETF(FDRV)$ $First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund(GRID)$ $iShares Global Infrastructure ETF(IGF)$ $VanEck Gaming ETF(BJK)$ $VanEck Pharmaceutical ETF(PPH)$ $Sprott Uranium Miners ETF(URNM)$

Leading Equal Weighted ETF Groups (1-Month RS 100%):

$INVESCO LEISURE AND ENTERTAINMENT ETF(PEJ)$ $SPDR S&P Transportation ETF(XTN)$ $SPDR S&P Software & Services ETF(XSW)$ $Amplify Online Retail ETF(IBUY)$ $SPDR S&P Health Care Equipment ETF(XHE)$ $WisdomTree Cloud Computing Fund(WCLD)$ $AdvisorShares Restaurant ETF(EATZ)$ $Global X U.S. Infrastructure Development ETF(PAVE)$ $Innovator IBD 50 ETF(FFTY)$ $SPDR S&P Telecom ETF(XTL)$ $U.S. Global Jets ETF(JETS)$ $Amplify Mobile Payments ETF(IPAY)$ $SPDR S&P Capital Markets ETF(KCE)$ $Amplify Transformational Data Sharing ETF(BLOK)$ $Invesco S&P 500 Equal Weight Financials ETF(RSPF)$ $SPDR S&P Metals & Mining ETF(XME)$ $VanEck Steel ETF(SLX)$

Lagging Equal Weighted ETF Groups (1-Month RS 0%):

$Invesco WilderHill Clean Energy ETF(PBW)$ $Global X Copper Miners ETF(COPX)$ $SPDR S&P Global Natural Resources ETF(GNR)$ $SonicShares Global Shipping ETF(BOAT)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Global X Autonomous & Electric Vehicles ETF(DRIV)$ $VanEck Agribusiness ETF(MOO)$ $VanEck Gold Miners ETF(GDX)$

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