The Health Care sector has the best outlook in the 20 to 25 day period. The estimated top ETF in that category for the mentioned period is $XHS. Next is followed by the Technology sector with a better than average forecast for the same period. The estimated top ETF in this sector for that period is $SMH.
Bearish Signals Continue for the Energy Sector
The strong bullish call for the Health Care sector has softened since my post from last weekend.
The estimated most under-performing sector is Energy in the 17 to 24 day period; in this sector $DIG may have the worst results.
All other sectors remain pretty much the same - neutral.
2020 US Death Rate Is In The Middle of the 10 Year Average
The US death rate for 2020 is on average for the last 10 years.
So to all you Covid Fear Mongers -> !!!CHILL!!!
Source: https://www.indexmundi.com/g/g.aspx?c=us&v=26
Picking, Leveraged ETFs, SMI and The Future
What are the possibilities of striking a great stock pick? Much easier than getting a hole-in-one in golf. Maybe even a birdie.
What seems to work best is the stochastic momentum indicator (SMI). SMI cross-overs are excellent. Mainly when SMI values occur above 40 and below -40. So starting today I will follow this simple 40/-10 rule?
Also, avoid holding Inverse Leveraged ETFs. Holding for more than one day has proved to be a poor decision. And how about the positive leveraged ETFs like TQQQ, which has done a lot better than QQQ. The only time they are poor performers is during down markets. And down markets don't appear too often.
That said, everyone is concerned that the market is overbought. - me too. So be ready for a down market. And be prepared to jump right back in.
Six Week Outlook for the Energy, Financial, Health Care and Real Estate Sectors
The Financial sector has the best outlook in the 16 to 22 day period. The estimated best ETF in that sector for the mentioned period is $KBE. Next is followed by the Health Care sector with a better than average forecast for the same period. The estimated best ETF in this sector for that period is $XHS.
In contrast, the Energy sector has the worst outlook in the 6 to 12 day period; in this sector, $AMLP may have the worst results.
Overview of How Spreadsheet Is Created and A Look at The Current Calls
The Financial sector has the greatest prospect in the 24 to 29 day period. The estimated best ETF in that sector for the mentioned period is $FAS. Next is followed by the Health Care sector with a better than average forecast for the same period. The estimated best ETF in this sector for that period is $XHS.
On the sell side, the Energy sector has the most underperforming outlook in the 25 to 30 day period; in this sector, $DIG may have the worst results. Coming in second with a weak outlook is the Metals & Miners sector for the period of 18 to 23 with the ETF $DGP expected to finish the worst in this group.
6 Week Sector Outlook Focus on Health Care
The Health Care sector has the greatest outlook in the 15 to 24 day period. The estimated best ETF in that sector for the mentioned period is $XHS. Next is followed by the Financial sector with a better than average forecast for the same period. The estimated best ETF in this sector for that period is $FAS.
Sector Outlook - Focus on Emerging Markets
Emerging Markets look neutral for the next 6 weeks.
The models favor ETFs in the Financial sector, occurring in the 18 to 23 day period. The estimated top ETF in that category for the mentioned period should be $KBE. Next is followed by the Technology sector, with a better than average forecast for the same period. The estimated top ETF in this sector is $SOXL.
Sector Outlook - Focus On The Consumer Sector.
The Technology sector may have the greatest outlook, occurring in the 5 to 14 day period. The estimated best ETF in that sector for the mentioned period should be $SMH.
Energy Sector Showing Signs of Buying
The models favor ETFs in the Technology sector, occurring in the 5 to 12 day period. The estimated best ETF in that sector for the mentioned period should be $ROM.