We discuss recent changes to the DALI Sector Rankings.

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Over the past week, we have seen several changes to the sector rankings within the Dorsey Wright DALI tool. We wanted to briefly touch on some of these changes in ranking and discuss where signals may have moved. See the bullet points below.

• Energy, which had been the top-ranked sector since February 24th, relinquished the top spot to Consumer Cyclicals on March 24th. Going from 221 to 199, Energy lost 22 signals overnight. There wasn’t one particular sector that gained the signals as each - with the exception of Financials, Basic Materials, and Healthcare - took signals from Energy. The largest gain was by Real Estate, which gained five signals from Energy, while Industrials gain four signals.
• Industrials have climbed from 6th to 4th over the past week or so. Industrials overtook Basic Materials for fifth on March 23rd, and with Monday’s action, the sector jumped to fourth by taking a signal from Technology.
• Technology continues to see deterioration on a relative basis within DALI. After beginning the year in first, Technology has now fallen to the fifth position following Monday’s action. The sector has lost 46 signals since the beginning of the year.
• Consumer Non-Cyclicals surpassed Real Estate for the ninth position in DALI following Friday’s action. After Monday, Consumer Non-Cyclicals has climbed to 77 signals, bringing the sector back to where it started in 2021.
• Healthcare and Technology continue to be the notable relative losers for the year so far within the DALI sector rankings as they have lost 44 and 46 signals, respectively. Meanwhile, Energy and Financials are our biggest winners for the year, up 74 and 41 signals.