ASX200 index technicals - secondary sell signal generated / target 5375

The ASX200 index originally generated a technical sell signal @ 5833 on 20/4/15. A secondary technical sell signal was generated yesterday which has lowered the downside technical target to 5375. The ongoing heavy weighting towards large cap stock sell signals remains a negative momentum indicator. The major sectors that remain negative are : 1. the major banks - CBA, NAB and WBC generated technical sell signals in mid-late April. Although all have reached minimum downside sell signal targets there is no sign of a turnaround; 2. the A-REITS sector - which was initially flagged as a negative sector theme in early March, remains negative given 12 stocks within this sector are rated as sells; 3. select fund management stocks - remain rated as technical sells; 4. healthcare sector - a heavy concentration of sell signals by key stocks within this sector has occurred.