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Stock Market Is Still Looking Down

For the next thirty trading days, the models predict the overall market to resume its downward trend. The average for all sectors for the 6-week period has fallen from 4.22 to 3.92.

As it has been for the past several weeks, the sector with the highest score is Energy. But, this week Energy’s average fell to 4.83 from last week’s 5.07.

The models say that the Technology sector should perform poorly. They score Tech at 1.55 starting on Monday. In this sector, $ROM may have the worst results. Coming in second with a weak prospect is the Consumer sector for the same period, with a computed average of 1.58. The models expect the ETF $XHB to finish the worst in this group.

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