The last time I posted about staying away from telecom was October 2016.  Fast forward to October 2017 and the sector still sucks.  The washout is taking forever because of AAPL.  

Oct/12 At&t got crushed 6% in one day as it warned investors the Satellite TV is dead and that its dividend isn't safe. Hopefully this will help this sector continue to unravel so that we could start seeing some Institutional buyers stepping in for some deals.

If we can clear the 2016 lows and start approaching 2009 levels, the best way to start buying is to get long the telecom sector which pays 3.25%. More on this later.

I just updated the model portfolio of stocks being accumulated by institutions and I only found 3 names (last three names at the bottom of snapshot).    If you look back at the Dec 2016 names you'll see 30, 40 and 50 funds buying verses now.  What this has meant in the past is that funds are preparing for a healthy pullback.  We'll see if this is the case this time around.  My guess is yes.