Most market sectors are overbought but current trends are up. Until financials start outperforming over the one year time period, or I have a decent profit, or something else changes my thought process I will remain in them.
Rankings and Ratings:
#4-Energy-Perform In Line
#5-Technology-Perform In Line
#6-Consumer Discretionary-Perform In Line
Rank: 1=Highest; 9=Lowest
Rating: My Forecast of How I Expect The Sector To Perform Versus S&P 500 Over The Next One Year
Disclosure: I am long XLK.
Additional disclosure: I am long financials through mutual fund FIDSX