The chart below is the spread between the relative strength leaders and relative strength laggards (universe of mid and large cap stocks). When the chart is rising, relative strength leaders are performing better than relative strength laggards. As of 6/28/2010:The relative strength spread continues to mark time at this point, neither rising nor declining. Nobody knows how soon we will again see a rising spread. However, we do know that relative strength tends to move in and out of favor over time. It is quite possible that the transition that we are seeing now could be setting the stage for a very favorable environment for relative strength investing in the coming years.