This morning's futures markets erased yesterday's gains, verifying the bearish call I made this past weekend. The energy sector looks positive, and I am very bearish on anything out of China.
The Real Estate sector has the best overall forecast for the next 30 trading days, with an average score of 5.61. And the Real Estate sector has the best short-term prediction, which should occur in 22 to 25 days. The computed average is 6.46. The estimated top ETF in that category for that period is $IYR. Next is followed by the Financial sector with a better than average forecast in 27 to 30 days. The computed average is 6.38. The estimated top ETF in this sector for the period is $FAS.
On the sell side, the Consumer sector has the worst overall view for the next 30 trading days, with an average score of 3.91. The Biotech sector has a poor prospect in the 1 to 4 day period; the computed average is 2.37. In this sector, $BIB may have the lowest results. Coming in second with a weak prospect is the Consumer sector in 3 to 6 days. The computed average is 2.72. The models expect the ETF $ITB to finish the lowest in this group.