The bullish mood continues with the retail ETFs (again) leading the X sector pack.
All the technicals are also running bullish at this point and with the situation in Egypt and Syria discounted by the financial community, only some stunningly bad earnings reports by one of the majors could derail the current run.
Tech (XLK) is a surprisingly laggard, but as in the past, it's mostly a matter of degree, and tghe differential between the top 5 slots is marginal at best.
On the short term performance metrics the vested model is staying slightly ahead of SPY.
XLU is the only X sector component with a downslope RSQ, indicating there is still some backfilling of price required before we can declare an investable bottom.