Avoiding the Metals And Miners Continues

Let's look at last night's chart; the models' predictions are less bullish than the previous week's numbers. The six-week average is almost neutral at 4.67; the previous week's average was 5.02.
enter image description here The Precious Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.92. Also, the Precious Metals & Miners sector has an underperforming prospect in the 2 to 9 day period; the computed average is 3.46. In this sector, $IAU may have the worst results. Coming in second with a weak prospect is the Energy sector in 5 to 12 days. The computed average is 3.69. The models expect the ETF $USO to finish the lowest in this group. And finally, keep an eye on the Emerging Market sector next week. The models give that sector some low marks too.

On the Bullish side, the U.S. Stock Mkt sector has the best overall forecast for the next 30 trading days, with an average score of 5.06. The Energy sector has a good short-term prospect, which should occur in 27 to 30 days. The computed average is 5.76. The estimated best ETF in that sector for that period is $FXN. Next is followed by the Consumer sector with a good forecast in 9 to 13 days. The computed average is 5.60. The estimated top ETF in this sector for the period is $XHB.


Author: joe