Financials and Index Sectors Are Good To Go

The Financial sector has the best outlook in the 16 to 21 day period. The estimated top ETF in that category for the mentioned period is $XLF. Next is followed by the Index sector with a better than average forecast for the same period. The estimated top ETF in this sector for that period is $XLI.

On the sell side, the Energy sector has the worst outlook in the 24 to 29 day period; in this sector, $DIG may have the worst results. Coming in second with a weak outlook is the Bond sector for the period of 1 to 6, with the ETF $PFF expected to finish the lowest in this group.

Other information available at https://mcverryreport.com/forecast

Financials and Consumer STILL Look Good.

The Financial sector has the greatest outlook in the 12 to 19 day period. The estimated best ETF in that sector for the mentioned period is $XLF. Next is followed by the Consumer sector with a better than average forecast for the same period. The estimated top ETF in this sector for that period is $ITB.

In contrast, the Metals & Miners sector has the worst outlook in the 1 to 8 day period; in this sector, $UGL may have the worst results. Coming in second with a weak outlook is the Biotech sector for the same period. with the ETF $XBI expected to finish the lowest in this group.

Did Anyone $NAIL It?

Since the March "market-crash" due to the COVID-19 outbreak, the Home Builder sector has been robust. There is a leveraged ETF $NAIL that is a 3x of that sector. $NAIL has had a meteoric climb (900%) since the end of March. Look at the chart again; it shows that it is still down almost 50% since the beginning of this year.i

I guess it is Just another case of coulda-woulda-shoulda-didn't. $NAIL

I don't track $NAIL in the Short Term Trader Report due to its low volume.

Looking For Good Returns from Metals and Miners Expected 30 Days Out

The Metals & Miners sector has the best outlook in the 21 to 30 day period. The estimated best ETF in that sector for the mentioned period is $GDXJ. Next is followed by the Financial industry with a good forecast for the same period. The estimated best ETF in this sector for that period is $KRE. $GDXJ In contrast, the Financial sector has the worst outlook in the 1 to 10 day period; in this sector, $KBE may perform the worst. Coming in second with a weak outlook is the Real Estate sector for the period of 6 to 15, with the ETF $VNQ expected to finish the worst in this group. $KBE

Not Liking The Energy Sector

The Energy sector has the worst outlook in the 23 to 28 day period; in this sector, $IYE may perform the worst. Coming in second with a weak outlook is the Financial sector from 1 to 6 days out; with the ETF $XLF expected to finish the worst in that group.

As posted last week, the Consumer sector has the best outlook; for the latest report, this is for the 1 to 6 day period. The estimated best ETF in that sector for the mentioned period is $XHB. Next is followed by the Technology sector with a good forecast looking out 9 to 14 days. The estimated best ETF in this sector for that period is $ROM.

Short Term Trader Report - Sector Matrix Other information available at http://mcverryreport.com/forecast

Consumer Sector Top Pick

The Consumer sector has the best outlook in the 16 to 24 day period. The estimated best ETF in that sector for the mentioned period is $XHB. Next is followed by the Technology sector with a good forecast looking out 11 to 19 days. The estimated best ETF in this sector for that period is $XLK.

In contrast, the Real Estate sector has the worst outlook in the 3 to 11 day period; in this sector, $XLRE should perform the worst. Coming in second with a weak outlook is the Bond sector from 1 to 9 days, with the ETF $UBT expected to finish the worst in that group.

Sector Outlook for Aug 14, 2020

Other information available at http://mcverryreport.com/forecast

Keeping the Financial and Consumer Sectors In Front

The Financial sector has the best outlook in the 1 to 10 day period. This is followed by the Consumer sector with a good outlook during the 15 to 24 day period.

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While the Bond sector has the worst outlook in the 1 to 10 day period. Coming in second with a poor outlook is Real estate over the period from 17 to 26 days out.

Other information at http://mcverryreport.com/forecast

Tech And Biotech Even Worse?

Last night I wrote about the pessimistic outlook for the Technology and Biotech sectors. Tonight it doesn't get any better, especially Biotech.

What I didn't say last night was that I had a small position in the Tech sector by owning shares in the ETF $USD, Proshare's leveraged ETF related to Technology. This morning I sold my position and may have missed out on some extra $, but I did make money. $USD was an ETF recommended last week, but for just five days. And if I sold it on Tuesday, I would have had a loss. So I am glad I am out, even after the Tech sector's price surge today.

Short Term Trader Report for Sectors

As you can see from the above chart, the Financial and Consumer sectors should be stable over the next 5 to 9 trading days. And as such, I will be purchasing either $FAS, $XLF, $UYG, or one of the Consumer-related ETFs.

My new modus operandi is to only purchase a recommended ETF at a price below the previous close. So we will see.

Other than that, the Tech sector should resume its upward move sometime around Labor Day.

More info at http://mcverryreport.com/forecast

Technology and Bio-Technology Still Showing Below Par Numbers.

30 Day Sector Outlook

The Tech sector is taking its hit just as I called back on July 30th. And the models say the sell situation should continue for several more days. The Bio-Tech sector numbers are almost as bad.

Financials have the best numbers over the next two weeks. And this is followed by the Consumer sector.

Finally, the Indexes took a rather interesting hit this afternoon. The Index sector is still showing some strong numbers. While I prefer numbers in the 7s and 8s, I will take 6s with a bit of trepidation.

The graph is from the Short Term Trader Report. More info about the report is available at http://mcverryreport.com/forecast