McVerry Report

Let's look at last night's sector strength chart based on the corresponding ETF averages; the models' overall sector average is higher than the previous week's average. This week's overall average is 4.89; the last week's number was 4.58.

The Real Estate sector has a positive forecast for the next 30 trading days, with an average score of 5.63. The Health Care sector has a good short-term prospect, occurring in 17 to 23 days. The computed average is 6.68. The estimated top ETF in that category for that period is $RXL. Next is followed by the Real Estate sector with a good forecast in 16 to 30 days. The computed average is 6.50. The estimated best ETF in this sector for the period is $XLRE. Finally, the Technology sector has a strong forecast for weeks four, five, and six.

No sectors are showing any overall bearish numbers for the six-week periods. The Precious Metals & Miners sector has a poor prospect in the 28 to 30 day period; the computed average is 3.43. In this sector, $SIVR may have the worst results. Coming in second with a weak prospect is the Financial sector in 24 to 27 days. The computed average is 3.64. The models expect the ETF $KBE to finish the worst in this group.