Our objective is asymmetric risk/reward for asymmetric investment returns; we are unconstrained as to strategy or market. 

A skillful trend follower wants to catch a trend early in its stage and capitalize on it until it ends, so if we want to identify them early, we must necessarily focus on short-term trends to see if they can become longer-term trends and asymmetric profits. 

With that said, in the month of October 2022, eight of the eleven sectors tracked by S&P sector indices are in the green, and three are in the red. 

To read the complete observation, see U.S. Sector Trend, Momentum, and Breadth Through October 2022