US Stock Market ETFs Have Best Outlook

Looking at last night's chart, we can see that the models are better than this past weekend's numbers. The overall average is 4.93, which is up from 4.69. enter image description here The U.S. Stock Mkt sector has the best overall outlook for the next 30 trading days, with an average score of 5.76. And the U.S. Stock Mkt sector has the best short-term outlook, which should occur in 9 to 12 days. The computed average is 6.36. The estimated top ETF in that category for that period is $VOO. Next is followed by the Consumer sector with a good forecast in 13 to 16 days. The estimated best ETF in this sector for the period is $XLY.

Over the weekend, I reported that the QQQ related ETFs showed some poor numbers in the early part of September; those weak numbers do not show up in last night's chart.

In contrast, the Biotech sector has the worst overall outlook for the next 30 trading days with an average score of 4.21. Also, the Biotech sector has an underperforming outlook in the 21 to 24 day period; The computed average is 3.34. In this sector, $BIB may have the worst results.


Author: joe