Based on the chart above, Utilities remain solid and unwavering. We expect outperformance to continue. Financials (XLF) and Tech (XLK) have rebounded, and there's a bullish case for both sectors. Materials (XLB) and lower are poised to perform at-market or worse, though things are changing, with more ETF's trending from Bearish to at least neutral.
I use the above chart NOT to examine where the market has been, but where it's likely to go next. That's the beauty of Chaikin Analytics.