At weeks end five sectors are oversold. Communications was oversold last week and managed to move from 26.08% bullish up to 30.43% bullish this week.
The five oversold sectors are: Discretionary, Staples, Health, Industrial, and Real Estate.
Financials and Communications moved out of the oversold zone while Staples and Industrial dropped into the oversold zone this week.
Overall, several of the broad U.S. Equities indexes moved from bearish to bullish.
Lowell