This past week was a very strong one for U.S. Equities. All the major indexes showed significant strength. Several moved up by 20% and the S&P 100 jumped by 30%. Such moves are not common.
As for the different sectors, these four are overbought. If you hold VCR, VFH, VGT and/or VPU, place a 3% TSLO under the ETF.
- Discretionary
- Financial
- Technology
- Utilities
Only Energy is oversold. Staples at 38.88% bullish is the only other sector close to the oversold zone.
Lowell