SPY Monthly Update 01/2015 : Long....But Getting "Defensive"

As of yesterday close the S{PY was down - 1.7 % for Jan 2015, and will most likely close lower after the bell. The volatility was pretty high with 16.9 % for the month, offering plenty of opportunity for short term traders. The SPY remains above it's 200 MA , so this position remain open. However looking at my charts tracking the nine U.S sectors , i see that only three remain positive.

Utilities , Consumer Staples , and Healthcare are considered "defensive: sectors, recommended* to hold during make down turn in the market. So are investors getting defensive ? we shall see.

Return since signal Jan 2012 : 71.12 % ( as of yesterday close)

Cheers

Algo