Sectors Viewboard
ANALYSTDIRECTIONTOPICSUMMARYHORIZONFRESH
Technology
6 Views
David Keller TECHNICAL · FINAL BAR BEARISH Strong
XLK Technology-sector weakness, particularly across the AI stack, poses the market’s biggest leadership risk because benchmark indexes carry such heavy exposure to those names. DIRECTION ONLY
Week 1d
Tom Lee US EQUITY STRATEGY BULLISH Strong
XLK Technology, including software companies and the Mag 7, should be major downstream beneficiaries as AI adoption expands beyond infrastructure bottlenecks. DIRECTION ONLY
Year 4d
Chris Ciovacco TREND · CYCLE BULLISH Strong
XLK Technology stocks remain in a favorable technical uptrend versus long-term Treasuries, with no current chart evidence resembling the 2000 peak process. DIRECTION ONLY
Month 11d
Keith McCullough QUAD REGIME · FUNNEL BULLISH Strong
XLK Expensive software remains in a strong trend after a 7.6% daily squeeze, extending a 39.3% return over the past three months. DIRECTION ONLY
Month 19d
JC Parets INTERMARKET · RS BULLISH Moderate
XLK $XLK has triggered the same momentum signal seen as technology emerged from the 2020 market lows, supporting a constructive long-term outlook. DIRECTION ONLY
Year 23d
Ben Carlson ALLOCATION · BEHAVIOUR BULLISH Moderate
XLK Technology has risen about 65% since the start of 2025 while its forward P/E ratio declined from 29x to 22x, supporting valuation resilience. DIRECTION ONLY
Year 30dFinancials
5 Views JC Parets INTERMARKET · RS BULLISH Moderate
XLF Financials closed the week near another new all-time high, reinforcing the sector’s constructive near-term price trend and continued leadership. DIRECTION ONLY
Week 11d Chris Ciovacco TREND · CYCLE BULLISH Moderate
XLF $XLF remains in a fully bullish technical configuration and is not currently signaling broader-market trouble despite the possibility that conditions could change soon. DIRECTION ONLY
Month 11d
Peter Reznicek MARKET PROFILE · ES BULLISH Moderate
XLF Financials remain high and tight despite failing to break out, setting up for another push higher that could help lift the broader market. DIRECTION ONLY
Month 11d
Mark Newton INSTITUTIONAL TECHNICALS BULLISH Moderate
XLF Financials have rallied in recent months, helping support the broader market despite a significant correction across the technology sector. DIRECTION ONLY
Month 13d
Brian Shannon TECHNICAL · AVWAP BULLISH Moderate
XLF Financial stocks are holding up within a range above rising 20- and 50-day moving averages, with no evidence yet of a breakdown below the relevant higher low. DIRECTION ONLY
Month 19dEnergy
4 Views David Keller TECHNICAL · FINAL BAR BULLISH Strong
XLE Energy stocks continue making new highs, sustaining a constructive technical trend despite broader deterioration in market breadth and the S&P 500 setup. DIRECTION ONLY
Week 17h Brian Shannon TECHNICAL · AVWAP BULLISH Moderate
XLE Energy names retain higher lows and higher highs, so buyers deserve the benefit of the doubt until that trend breaks. DIRECTION ONLY
Month 5d JC Parets INTERMARKET · RS BULLISH Moderate
XLE Energy stocks offer a way to profit from higher energy costs in America, supporting a constructive long-term stance on the sector. DIRECTION ONLY
Year 7d
Lance Roberts MACRO · POSITIONING BULLISH Weak
XLE $XLE may offer relative defensive protection if broader equities remain under pressure, particularly as oil prices remain an important market risk. DIRECTION ONLY
Month 14dHealth Care
4 Views Mark Newton INSTITUTIONAL TECHNICALS BULLISH Strong
XLV Healthcare has broken out after a three-year bear market, with biotech, pharma, and HMOs surging while med-tech stabilizes and turns higher. DIRECTION ONLY
Year 13d Lance Roberts MACRO · POSITIONING BULLISH Weak
XLV $XLV may offer relative defensive protection if broader equities remain under pressure, though healthcare could still decline during a difficult September. DIRECTION ONLY
Month 14d David Keller TECHNICAL · FINAL BAR BULLISH Moderate
XLV Healthcare is attracting rotation as market breadth thins and technology lags, supporting a constructive near-term technical outlook for the sector. DIRECTION ONLY
Week 14d Keith McCullough QUAD REGIME · FUNNEL BULLISH Strong
XLV Healthcare remains the top U.S. equity sector style, with short-covering and valuation bears helping fuel the sector’s widening outperformance. DIRECTION ONLY
Month 21dIndustrials
2 Views Keith McCullough QUAD REGIME · FUNNEL BEARISH Strong
XLI $XLI has fallen to new cycle lows following the disappointing Warshy development, reinforcing near-term downside pressure on industrials. DIRECTION ONLY
Week 2h David Keller TECHNICAL · FINAL BAR BEARISH Moderate
XLI Industrials $XLI face technical weakness despite outperformance in select names, indicating a challenging near-term setup for the sector. DIRECTION ONLY
Week 15dConsumer Discretionary
3 Views David Keller TECHNICAL · FINAL BAR BEARISH Moderate
XLY Consumer discretionary stands out as a sector struggling to find its footing amid a broad risk-off session ahead of the Fed decision. DIRECTION ONLY
Week 17h
Danielle DiMartino Booth LABOR INTERNALS BEARISH Strong
XLY Consumer discretionary spending is constrained as Americans pay higher prices for essentials and gasoline, leaving less capacity for purchases they want rather than need. DIRECTION ONLY
Month 28d JC Parets INTERMARKET · RS BULLISH Strong
XLY Equal-weight consumer discretionary stocks at all-time highs indicate continued consumer strength rather than an inability to afford spending. DIRECTION ONLY
Month 29dConsumer Staples
3 Views JC Parets INTERMARKET · RS BEARISH Moderate
XLP Consumer staples are making new all-time lows relative to the S&P 500, consistent with continued underperformance while markets remain healthy. DIRECTION ONLY
Month 4d Chris Ciovacco TREND · CYCLE BEARISH Moderate
XLP $XLP is technically weak relative to $XLK, with defensive staples underperforming technology and no current fear signal resembling early 2022. DIRECTION ONLY
Week 11d Lance Roberts MACRO · POSITIONING BULLISH Weak
XLP $XLP may offer relative defensive protection if broader equities remain under pressure, though consumer staples could still decline during a difficult September. DIRECTION ONLY
Month 14dUtilities
3 Views Keith McCullough QUAD REGIME · FUNNEL BEARISH Strong
XLU Utilities $XLU have reached new cycle lows, reinforcing a long-standing short position rather than representing a fresh directional call on the sector. DIRECTION ONLY
Week 1d Lance Roberts MACRO · POSITIONING BULLISH Moderate
XLU $XLU could hold up relatively well during September if broader equities come under pressure, offering defensive protection rather than immunity from declines. DIRECTION ONLY
Month 14d David Keller TECHNICAL · FINAL BAR BULLISH Moderate
XLU Utilities are attracting rotation as market breadth thins and technology lags, supporting a constructive near-term technical outlook for the sector. DIRECTION ONLY
Week 14dReal Estate
5 Views
Jeffrey Snider DOLLAR LIQUIDITY BEARISH Strong
XLRE Real estate values are falling as refinancing becomes harder, impairing boom-era capital structures and leaving delayed losses increasingly likely during the cleanup. DIRECTION ONLY
Year 23h David Keller TECHNICAL · FINAL BAR BULLISH Strong
XLRE REITs should provide lower-volatility, higher-income downside protection and decline materially less than the S&P during a bearish market rotation. DIRECTION ONLY
Week 16d Danielle DiMartino Booth LABOR INTERNALS BEARISH Moderate
XLRE Commercial real estate distress is spreading across four major property types, signaling a deteriorating long-term outlook for REITs. DIRECTION ONLY
Year 16d Tom Lee US EQUITY STRATEGY BULLISH Moderate
XLRE Real estate is positive as a long-duration asset, with investor value extending beyond seven years supporting a structural constructive outlook. DIRECTION ONLY
Year 23d
Michael Kantrowitz HOPE CYCLE BULLISH Strong
XLRE REITs could offer a powerful opportunity as constrained construction costs limit new supply while office, industrial, and retail markets rebound. DIRECTION ONLY
Year 27dMaterials
2 Views JC Parets INTERMARKET · RS BULLISH Moderate
XLB Materials stocks closed the week at their highest average level in American history, reinforcing a constructive sector trend. DIRECTION ONLY
Month 24d Mark Newton INSTITUTIONAL TECHNICALS BULLISH Strong
XLB Materials have broken out of a triangle to new highs, with Gulf peace-deal uncertainty and commodity strength likely accelerating metals, mining and fertilizer shares. DIRECTION ONLY
Month 26d