Leading (top-right)

High RS + rising momentum. The winners. Trade longs here. Trim if RS momentum stalls.

Weakening (top-left)

High RS but falling momentum. Top of the cycle. Take profits, don't add. Watch for breakdown.

Lagging (bottom-left)

Low RS + falling. Avoid longs, watch shorts. Bear market for the sector. Bottoming candidates.

Improving (bottom-right)

Low RS but rising momentum. Early-cycle longs. Best risk/reward — new leadership often emerges here.