Facebook Ended Last Week With A Positive But Overbought Weekly Chart

Richard Suttmeier

Here's what I wrote about Facebook last week.

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The REITs, consumer staples, utilities and healthcare sectors have overweight ratings.

Richard1944

The REITs and consumer staples are the only two of 11 S&P sector ETFs that carry overweight ratings.

Richard1944

The consumer staples ETF has a positive weekly chart and thus has an overweight rating.

Richard1944

There are no safe havens in the stock market when all 11 S&P sector ETFs have negative weekly charts.

Richard1944

9 of 11 S&P sector ETFs have underweight ratings as materials set new 2018 low.

Richard1944

The 11 S&P sector ETFs lack leadership as 9 of 11 have underweight ratings.

Richard1944

The 11 S&P sectors continue to be led by consumer discretionary, technology and health care.

Richard1944

The 11 S&P sectors are led by consumer discretionary, technology and health care.

Richard1944

Each of 11 S&P sectors has its own ETF: 1 is rated Underweight and 10 are rated Overweight.

Richard1944

Each of 11 S&P sectors has its own ETF: 1 is rated Underweight and 10 are rated Overweight.

Richard1944