So after last night's model run the Bond sector came up with no red cells for the next 30 days.

Especially strong is $AGG. This is from the Short Term Trader Report that is posted on my website:

More Info at https://mcverryreport.com/forecast

So last week's bearish call for market index ETFs continues. Financials and energy prices may do poorly too. The downtrend should last another 7 trading days which ends on the Friday of the first full week of August.

Precious Metals & Miners still look like the best alternative.

Real Estate has some good numbers but for only a few days.

More at Short Term Trader Report.

Over the past weeks, I have been a proponent of owning tech-based ETFs. Based on tonight's run it appears that tech (and biotech too) will see some down days over the next 5 to 7 trading days.

Precious Metals and bonds may be a safe harbor.

More info

Lastly, ETFs based on U.S. Market indexes are getting some low numbers also.

Based on the spreadsheet above the period between 6 days out and 14 days out shows possible weakness across the board. It's not a very strong weakness signal. Keep an eye on both Energy and Financials with more red than others in the 6-14 day period. Though the Financial sector has the highest reading (7.2) on day 17.

As usual, Technology continues to show strong possibilities for the overall 30 market day period.

This past Wednesday I reported that my AI algorithms have two Chinese related ETFs ($FXI and $XPP) showing negative outlook for the next week,

Tonight two more ETFs ($MCHI and $YINN) come up with negative numbers.

The good news is that the outlook for all 4 ETFs in only negative for 2 weeks Their predicted results turn green starting in early August.

In the short term, several Chinese market related ETFs (especially $FXI and $XPP) may be going negative, according to my AI algorithms.

The China market is hot, maybe too hot.

See my Short Term Trader Report.

Technical based ETFs still show a strong (if not stronger) buy-side for the next 6 trading weeks. Earlier reports had financials strong through July but their numbers are starting to less bullish.

Oh and I am avoiding any Real Estate ETF.

Chart from the Short Term Trader Report

From my newsletter The Short Term Trader Report, the 30-day trading outlook is still mostly positive for all sectors.

The Commodity sector has the strongest showing for the first week of July. And Technology, as reported in previous posts, still remains the strongest over the whole period.