For the entire month of September, the markets continued their downward move, and Friday did show some positive movement.
Let's look at last night's chart; the models' predictions are down from the previous week's numbers. The six-week average is 4.67, approaching the bearish zone; the previous week's average was 5.06. What caught my eye was the first five-day average, which is 3.71, a bearish number.
The Real Estate sector continues to have the best overall forecast for the next 30 trading days, with an average score of 5.50. And the Real Estate sector has a good short-term prospect, which should occur in 22 to 30 days. The computed average is 6.41. The estimated best ETF in that sector for that period is $DRN.
In contrast, the Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.85. The Consumer sector has an underperforming prospect in the 1 to 5 day period; the computed average is 2.74. In this sector, $XRT may have the worst results. Coming in second with a weak prospect is the U.S. Stock Mkt sector for the same period. The computed average is 2.77. The models expect the ETF $URTY to finish the worst in this group.