Industrials and Basic Materials continue to impress us with yet another 1%+ jump in our one-week readings (see the long-term relative strength charts below). Consumer Discretion has stabilized over the past few weeks, but it is within just a few weeks of getting hit negatively based on our long-term readings. However, Consumer Staples continue to climb with another strong reading last week. Furthermore, Healthcare looks like the new Energy as it's gotten hammered over the past few weeks. Both large and mid-cap names have been losing ground, and they continue to lag the S&P 500.