Happy 4th! I'm curious how XLI stacks against XLB in a bullish turn environment. Anecdotal request - can you publish the relative standings of all XL* components in a relative scale (e.g. -100% to +100%) alongside the portfolio?
Happy 4th!Right this minute, the intraday action has XLU back in first place.The current sequence from best to worst is:XLUXLBXLVXLEXLKXLIXLFXLPXLYThat's kind of misleading, though, since the "last" position usually outperforms some of the middle positions.It's basically a sequence of mean reversion toward momentum. Position 9 is USUALLY (not always) on full momentum and could continue that way.Typically position 4 does the worst.I've tried shorting position 9 and found out the hard way it doesn't work. Putting the full rank out there might tempt others into making the same mistake!