07/27/2014 Matrix: Mildly Bearish

For the moment, the combination of sectors and styles is "risk off."

	Small Value	Mid Value	Large Value	Small Growth	Mid Blend	Small Blend	Large Blend	Large Growth	Mid Growth
Utilities	1	3	5	7	9	12	19	23	28
Finance	2	4	6	8	10	13	20	24	30
Industrial	11	14	15	16	17	18	21	41	49
Staples	22	26	31	34	35	43	61	69	72
Healthcare	25	27	32	37	39	46	62	71	74
Cyclicals	29	33	40	45	47	51	65	73	76
Technology	36	42	48	52	54	58	67	75	78
Materials	38	44	50	55	56	59	68	77	79
Energy	53	57	60	63	64	66	70	80	81

Utilities and Value are both bearish, while the favoring of Small caps is bullish.

So, mildly bearish.