This is the current view of the Sypder Sector T2 portfolio (X file). XLY (consumer discretionaries) is fighting its way towards #1 slot and in faster momentum versions of T2 its already there. It doesn't appear that there's a lot to be gained relative to SPY using this approach...other than considerably reduced volatility and a reduced drawdown. If that's important to your peace of mind then its worth the the extra work.
Short term traders: I hope you paid attention to yesterdays FED schedule post and the hint about buying the close of the day before the bigger buying days. It worked out well today and we'll track it for the rest of the month just to build a bigger data base..