DP Alert: Sector Signal Scoreboard Pocked with New Neutral Signals
A mere two weeks ago, the Sector Signal Scoreboard (2nd slide below) was all "green" as each sector was on IT Trend Model BUY signals. The DP Scoreboards below were completely green at the beginning of September. Today both are dotted with Neutral signals (and some SELL signals in the case of the DP Scoreboards below). Most importantly, the only three sectors holding their BUY signals? The defensive sectors: Healthcare, Consumer Staples and Utilities. The market has topped and leadership has moved to defensive areas of the market. The correction is not likely over.
Source of this (above) article: http://stockcharts.com/articles/decisionpoint/2018/10/dp-alert-sector-signal-scoreboard-pocked-with-new-neutral-signals.html