The Tech Sector Is Still The Top Pick

Let's look at last night's chart; the models' predictions are barely unchanged from the previous week's numbers. The six-week average is 4.84; the last week's average was 4.80. So the models remain just slightly bullish for the next six trading weeks. enter image description here For the second week in a row, the Technology sector has the best overall forecast for the next 30 trading days, with an average score of 5.68. And the Technology sector has the best short-term prospect, which should occur in 12 to 14 days. The computed average is 6.72. The estimated top ETF in that category for that period is $SOXL. Next is followed by the Health Care sector with a good forecast in 19 to 23 days. The computed average is 6.19. The estimated top ETF in this sector for the period is $RXL.

And for the fifth consecutive week, the Precious Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.33. Also, the Metals & Miners sector has a poor prospect in the 20 to 24 day period; the computed average is 2.80. In this sector, $NUGT may have the worst results.


Author: joe