The dynamics among the 11 S&P 500 sector ETFs make investment strategies difficult to judge. You can't be bullish with energy negative, but bulls control 7 of the 11 sectors.
Not as many pointing this out as I would think.
Earnings drive markets again on Wednesday with IBM dragging on the Dow Jones Industrial Average and Morgan Stanley driving financials, and broader markets, higher.
The dynamics among 11 S&P 500 sector ETFs are difficult to decipher. REITs, consumer-related, energy, utilities, technology have rising or overbought momentum, materials, industrial, financial, health care, transports do not.