This past week was a strong one for U.S. Equities.  Every one of the seven major indexes are now bullish with exception of the NASDAQ 100 and it only dipped a few percentage points.  No sectors are oversold.

The all important sectors tell a similar story.  All sectors are out of the oversold zone with exception of Communications and Utilities.  Discretionary, Financial, and Materials moved out of the oversold zone.  Real Estate made the move last week.

Health returned to the overbought zone, but we have not held VHT since last April.

Bottom line is that no new decisions need to be made due to sector action this past week.

Lowell