It has been quite a few weeks since we last had a sector where we had a bullish bias, but we now have one which has outperformed the overall market by more than 5% and in addition meets the five tests for an up trend.

That sector is Personal Goods.

There are two sectors where we have a bearish bias, with under performance versus the overall market of more than 5% and meeting the five tests for a down trend.

These are:
Oil and Gas Producers
Real Estate Investment & Services