in Mid-December 2013 we went thru the top weighted (by percentage) sectors in the S&P after the most re-weighting … at the time, most of them were either finishing or approaching or hitting sell patterns. As of this writing, the patterns have held w/ no significant failures or break-outs. this is bearish … only time will tell if we have entered a CONTINUATION of the bear market that began in 2000. here is the link to the post mentioned at the beginning of this diatribe:
updated charts showing where we are w/ regard to the patterns:
