Monday May Be Down In The US Markets

Let's look at last night's chart; the models' predictions are better than the previous week's numbers. The overall average is 5.07, which is up from last week's 4.91. enter image description here I picked out model calls from several U.S. Market ETFs. It shows that the start of next week could be weak. Any number below 4.5 is bearish. The strength numbers represent the models' calls for Monday and Tuesday.
enter image description here Back to last night's chart. The Financial sector has the best overall forecast for the next 30 trading days, with an average score of 5.96. The Biotech industry has the best short-term prediction, which should occur in 18 to 25 days. The computed average is 6.83. The estimated best ETF in that sector for that period is $IHI.enter image description here Next is followed by the Financial sector with a better than average forecast in 12 to 20 days. The estimated top ETF in this sector for the period is $XLF.enter image description here

On the sell side, the Emerging Market sector has the worst overall view for the next 30 trading days with an average score of 4.05. The Commodities sector has an underperforming prospect in the 19 to 23 day period; The computed average is 2.74. In this sector, $XLB may have the lowest results. enter image description here


Author: joe