Nearly every week at least one index or sector shifts between offense and defense. Not this week as it was a rather calm week for U.S. Equities.
Index BPI: Overall, there was a slight upward move for a few major indexes, but insufficient to move those already in the defensive camp over to offense. Check the percentage changes on the left side of the following table.
Sector BPI: Over-bought sectors remained over-bought. Those are the sectors with 70% or more of the stocks showing bullish Point and Figure (PnF) graphs.
Conclusions for the week are to stay the course. Stick with the investment model you are using. If you have not already done so, be sure to read the Kahneman-Tversky post by HedgeHunter.