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Markets Overall

Don’t Fear The Stock Market Reaper

Like the stock market, the average for all sectors in the 30-day period, has gotten more bullish. This week the average is 4.32, which is still in the bearish zone, up considerably from where the average has been for the past two months. So things should be looking up, and as Jeff Hirsch, The Almanac Trader, recently wrote about, November during Mid-Term Elections is the top month for NASDAQ stocks.

The sector with the highest score is Energy, with an average of 5.07; the top pick in this group is $GUSH. The U.S. Stock Market is the second strongest sector, with a 30-day score of 5.03. The Health Care sector is showing bullish numbers in the short term, 17 days out. In this group, $RXL has the most robust numbers.

The bottom three sectors are Technology at 3.67, Bonds at 3.47, and Emerging Markets at 3.25.

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Markets Overall Sectors In Particular

For the Short-term, Avoid Consumer and Financial Sector ETFs.

The Consumer sector has an underperforming prospect in the 1 to 4-day period; the computed average is 1.74. In this sector, $XLY may have the lowest results. Coming in second with a weak prospect is the Financial sector for the same period, with a computed average of 1.86. The models expect the ETF $KBE to finish the lowest in this group.

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Markets Overall

The Energy Sector Has The Strongest Numbers

Looking at the overall 30-day period, the models have gotten more bearish. This week the average is 3.70; last week, it was 4.11. This week only two sectors have bullish averages for the 30 days.

The sector with the highest score is Energy, with an average of 5.27, up from last week’s number of 4.68. Falling to second is Biotechnology, with a 30-day score of 4.81.

The bottom three sectors are Technology at 3.14, Emerging Markets at 2.70, and Bonds at 2.60.

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Markets Overall

Four Sectors That May Be Buys.

Looking at the overall 30-day period, the models have gotten bullish. This week the average is 4.11; last week, it was 3.53. For the first time in several weeks, there are sectors in the bullish zone, four to be exact.

The sector with the highest score is Biotechnology, with an average of 5.29, well above the neutral mark of 4.5. Except for Monday and Tuesday, all averages are green or bearish. And like last week, Health Care is showing bullish numbers through the middle of November. Its 30-day average is 4.72. The two other bullish sectors are Energy, scoring 4.68, and Precious Metals and Miners, with a score of 4.61.

Finally, the Bond sector returns to the bottom of the list with a score of 3.03.

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Markets Overall Uncategorized

Some Sectors Are Looking Up

September was a tough month for the markets. From what I have read, most prognosticators are looking for a continuation through October, especially this coming Monday.

For the overall 30-day period, the models remain entirely in the bear camp. But Friday night’s numbers are up from the previous week‘s average. This week the average is 3.53; last week, it was 3.21. For the fifth week in a row, there is no sector with an average above 4.5 in the bullish zone.

The sector with the highest score, Biotechnology, almost gets a Bullish score. An average of 4.46 is barely below the neutral mark of 4.5. And for the later part of October and early November, Biotech gets daily scores in the 5’s. Last week’s top sector was Health Care. Health Care fell a bit with an average of 4.36. Health Care also has some bullish daily numbers at the end of the 30-day period.

What caught my eye was the strong green day occurring this coming Tuesday for Precious Metals and Miners. But, I prefer a continuation of similar numbers to make any judgment, and since 6.8 is standing as the sole bullish number for that period, I will ignore it.

The sector with the worst score is Energy, with an average of 2.90. And like last week, Commodities average remains in the 2’s with a score of 2.99.