A model of the Hawthorne Bridge is constructed from a string from Terry cloth.
This was a poor week for U.S. Equities, but the possibility of a buying opportunity for those managing at least one Sector BPI Plus portfolio. Follow the logic presented below.
Index BPI
All major indexes with exception of the Dow Jones Industrial Average took it on the chin this week. All indexes are currently bearish, yet none are sufficiently bearish to land in the oversold zone.
Sector BPI
Five sectors are oversold and those are the areas to jump on for potential investments. Materials joined Discretionary, Staples, Utilities, and Real Estate as oversold. If you have available cash, put it to work with a purchase of more shares of Staples as it is the most oversold. This assumes you have a position in Materials (VAW).
This weekend I plan to post reviews of the Kepler and Pauling as I am moving both portfolios from the Relative Strength model over to the Sector BPI model. Look for those reviews later this weekend.
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