Financials Back In Favor

If you watched last week's video, you'd remember I said that the models were turning neutral. Based on this past week's action, it looks like the markets were more bullish than neutral. enter image description here Looking at last night's chart, we can see that the models are turning bearish for the next two weeks. But looking out into the July numbers, there are a lot more bullish numbers.

The Financial sector has the best outlook, which should occur in 17 to 20 days. The estimated top ETF in that category for that period is $XLF enter image description here

Author: joe