We’ve been highlighting the inverse patterns of the Health Care and Technology sectors for several weeks now, but in looking at their updated relative strength charts, it continues to amaze us how the two sectors couldn’t be more opposite. Just when Health Care’s relative strength versus the S&P 500 peaked late last year, the Technology sector bottomed and started to outperform. That trend continued nearly uninterrupted right into late April when Technology started to falter and Health Care outperformed. Ever since Monday, though, we’ve started to see early signs of the trend reversing again as Tech has outperformed the last couple of days and Health Care has lagged. While no market relationships last forever, the predominant pattern between the two now remains – Tech’s gain is Health Care’s pain. Start a two-week free trial to Bespoke Institutional for our weekly Sector Snapshots update where we summarize the predominant technical and fundamental trends of major sectors.