Sector Rank Spread Recovered a Bit but Still In Down Trend

The Sector Rank Spread recovered a little bit last week. But as it failed to make a higher high, the down trend is intact. A positive sign is that the latest downdraft seen the week before last week is of less magnitude than that of previous ones. As this week's move revert to the upside, SRS may start to bottom out. If succeeds, it will add more fuel to this bull market and benefit all investors.