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Markets Overall

Is That It For The Dip? NO!

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average is still bearish with a value of 4.00, which is up marginally from last week’s 3.88.

Since the bearish and bullish calls for this week are the same as they have been for the past several weeks, I will do the sector review differently. Today I present the 30-day average for each sector from bullish to bearish. To start things off, and as it has been for the past six weeks, the Energy sector has a weak bullish number at 5.57. As I have mentioned in previous videos, I prefer to see a number above 6.5.

Coming in second on the bullish side, for the third week in a row, is the Real Estate sector. Its average value is 4.69, which is barely above the neutral number of 4.5.

Starting with the bearish sectors first is Commodities with a score of 4.27. Then follows the Financial sector, averaging at 4.15. The third bearish sector is Health Care, with a score of 4.11. Following Health Care is the International Markets with a value of an even 4. Fifth in the bearish group is Precious Metals and Miners, with an average 30-day score of 3.88. The Bond sector closely follows Metals and Miners with a score of 3.87. Bonds are followed by Emerging markets, scoring 3.73. The eighth sector is the US Stock Market, with a score of 3.64. At third to last is the Consumer sector, which averages a 3.63. And finally, the last two sectors are Biotechnology at 3.23 and Technology at 3.20.

So eleven out of the thirteen sectors, the models’ track, are bearish, and the two bullish sectors are barely bullish.

Categories
Sectors In Particular

Natural Gas Just Keeps Climbing

Like the battery rabbit, it just keeps going and going. $UNG and $BOIL have appeared as top picks for the past several weeks by the ETF Expectation models, and as of last night, they still are.

I have read that the Europeans are buying up American natural gas by the boatload due to the Ukraine-Russian war. I will use that to confirm the continuing price surge.

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Uncategorized

Are You Ready For The Coming Recession?

An old financial adage states that the stock market’s action leads the economy by six months. Which begs the question, where will the economy be in November? Here is a chart using experimental models for predicting out 180 days. The graph shows the strength prediction for $QQQ; the red line on the chart is the mean average. The value is somewhere around 3.85, which is well into the bearish zone. The models call for the overall U.S. markets to remain bearish through the end of November. The correction is happening now; what are you doing to survive financially?

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average is still bearish with a value of 3.88, which is down slightly from last week’s 3.98.

For the fourth week in a row, the Technology sector has a bearish forecast for the next 30 trading days, with an average score of 3.07. Next week, the Consumer sector has a poor prospect; the computed average is 2.4. In this sector, $XLP may have the worst results.

The Energy sector continues to have the best short-term prediction. This week, the models predict it to occur from June 21 through 27 with a computed average of 5.8. The estimated best ETF in that sector for that period is $AMLP. The models also have the Real Estate sector recovering starting in the middle of June, and as I reported on my blog Friday morning, I am having a hard time believing the models.

Categories
Markets Overall Sectors In Particular

The Real Estate Sector Bullish? Really?

The models have been very successful over the past three months. But to call for a bullish move in the Real Estate sector with what is going on now seems wrong. The models call for Real Estate to be very weak in the next couple of weeks but finish strong through the beginning of July.

The Technology sector has a bearish forecast for the next 30 trading days, with an average score of 3.26. The Consumer sector has an underperforming prospect in the 1 to 4 day period; the computed average is 2.39. In this sector, $XLP may have the lowest results. Coming in second with a weak prospect is the Real Estate sector for the same period with a computed strength of 2.46. The models expect the ETF $XLRE to finish the worst in this group.

The Real Estate sector has the best short-term prediction, which should occur in 17 to 20 days with a computed strength of 5.75. The estimated top ETF in that category for that period is $DRN.

For more ETF picks, go to http://mcverryreport.com/forecast

Categories
Sectors In Particular

Outlook for Gold and Silver Through The End Of June

I use the models’ estimates for $GLD and $SVL to develop the outlook for gold and silver for the next 30 trading days. Silver has the worse percentage change, especially at the end of May but then repeats at the end of June. While gold’s outlook isn’t as bad, it is still not positive.

For more ETF picks go to HTTP://mcverryreport.com/forecast

Categories
Markets Overall

Technology and Precious Metals Look The Most Bearish.

The Technology sector has a bearish forecast for the next 30 trading days, with an average score of 3.29. Also, the Technology sector has an underperforming prospect in the 4 to 7 day period; the computed strength is 2.24. In this sector, $XLK may have the lowest results. Coming in second with a weak prospect is the Prec. Metals & Miners sector for the same period with a computed strength of 2.36. The models expect the ETF $DGP to finish the worst in this group.

The Energy sector has a good short-term prospect, which should occur in 21 to 24 days with a computed average of 6.16. The estimated top ETF in that category for that period is $BOIL.

For more ETF picks go to HTTP://mcverryreport.com/forecast

Categories
Markets Overall

The Models Remain Bearish

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average is 3.98, a slight improvement from last week’s 3.57.

The Technology sector has a bearish forecast for the next 30 trading days, with an average score of 2.96. Also, the Technology sector has a poor prospect from May 17th through the 20th; the computed average is 1.63. In this sector, $XLK may have the lowest results.

The Energy sector continues to have the best short-term prediction, which should occur between June 14th through the 21st with a computed average of 6.2. The estimated best ETF in that sector for that period is $BOIL.