The Tech Sector Is The Top Pick for the Next 6 Trading Weeks

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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 4.80; the previous week's average was 4.86.
The Technology sector has the best overall forecast for the next 30 trading days, with an average of 5.41. The Real Estate sector has the best short-term prospect, which should occur in 25 to 30 days. The average is 6.02. The estimated best ETF in that sector for that period is $URE. Next is followed by the Technology sector with a better than average forecast in 14 to 17 days. The computed average is 5.73. The estimated best ETF in this sector for the period is $SMH.

On the sell-side and for the fourth week in a row, the Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.94. Also, the Metals & Miners sector has an underperforming prospect in the 19 to 25 day period; the computed average is 3.35. In this sector, $GLD may have the worst results.


Author: joe