Top 35 Strongest Industry Groups with 1-Month RS Above 80% $iShares 20+ Year Treasury Bond ETF(TLT)$ — 20+ Year Treasury Bonds $INVESCO LEISURE AND ENTERTAINMENT ETF(PEJ)$ — Leisure & Travel $iShares U.S. Home Construction ETF(ITB)$ — Homebuilders $Spdr S&P Pharmaceuticals Etf(XPH)$ — Pharmaceuticals (Equal Weight) $SPDR S&P Homebuilders ETF(XHB)$ — Homebuilders (Equal Weight) $Global X U.S. Infrastructure Development ETF(PAVE)$ — U.S. Infrastructure $Roundhill Memory ETF(DRAM)$ — Memory

Top 20 Strongest Industry Groups with 1-Month RS Above 80% Following the Peace Deal $U.S. Global Jets ETF(JETS)$ — Airlines $iShares Semiconductor ETF(SOXX)$ — Broad Semiconductors $Roundhill Memory ETF(DRAM)$ — Memory $Invesco S&P 500 Momentum ETF(SPMO)$ — S&P 500 Momentum $VanEck Semiconductor ETF(SMH)$ — Semiconductor Giants $iShares A.I. Innovation and Tech Active ETF(BAI)$ — AI & Tech Active $SPDR S&P Homebuilders ETF(XHB)$ — Homebuilders (Equal Weight)

Relative strength data continues to highlight a broadening market advance, with leadership extending well beyond the AI and semiconductor complex. Over the past month, capital has rotated into a diverse group of industries spanning consumer discretionary, financials, healthcare, industrials, and technology. Among the strongest-performing groups are Leisure & Travel ( $INVESCO LEISURE AND ENTERTAINMENT ETF(PEJ)$ ), Homebuilders ( $iShares U.S. Home Construction ETF(ITB)$ $SPDR S&P Homebuilders ETF(XHB)$), Retail ( $SPDR S&P Retail ETF(XRT)$ ), Transportation ( $iShares U.S. Tr

39 Industry Groups Hit New 1-Month RS Highs, Most Since Sep 11, 2025 $iShares Semiconductor ETF(SOXX)$ – Broad Semiconductors $Invesco S&P 500 Momentum ETF(SPMO)$ – S&P 500 Momentum $SPDR S&P Semiconductor ETF(XSD)$ – Semiconductors (Equal Weight) $VanEck Semiconductor ETF(SMH)$ – Semiconductor Giants $First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund(GRID)$ – Infrastructure & Electrical Equipment $Global X U.S. Infrastructure Development ETF(PAVE)$ – U.S. Infrastructure

15 Strongest Industry Group sorted by 1-Month Relative Strength $SPDR S&P Telecom ETF(XTL)$ - Telecom $Roundhill Sports Betting & iGaming ETF(BETZ)$ - Sports & iGaming $Valkyrie Bitcoin Miners ETF(WGMI)$ - Bitcoin Miners $INVESCO LEISURE AND ENTERTAINMENT ETF(PEJ)$ - Leisure & Entertainment $SPDR S&P Bank ETF(KBE)$ - S&P Banks $VanEck Gaming ETF(BJK)$ - Gaming $SPDR S&P Transportation ETF(XTN)$ - Transportation (Equal Weighted) $SPDR

We are actually in a 'hard penny' environment right now. A snapshot of my situational read, shaped by breadth, leading index extension, and relative strength across segments and sectors at both equal and cap-weighted level.Leading Index Breadth $Invesco QQQ(QQQ)$ :NDFI breadth continues to hold above the 80% mark, having regained strength following brief weakness on May 23rd and May 29th. Leading Index Extension QQQ:Meanwhile, QQQ is currently extended by 5.6x its ATR% from the 50-MA, a more stretched level than the previous peaks on December 17th, 2024, and February 21st, 2025. though historical precedents (e.g. July 9th, 2024, and December 29th, 2023) show that QQQ rallies have stretched as far as 8x ATR% extensions before correction.Is This Stil