Stay With Tech, Avoid Energy

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The Technology sector has the best outlook in the 22 to 30 day period. The estimated top ETF in that category for the mentioned period is $SMH. 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.

In contrast, the Energy sector has the most underperforming outlook in the 21 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 18 to 26 with the ETF $AGG expected to finish the lowest in this group.

Going Short

FWIW, I purchased $FAZ and $SQQQ in the pre-market this morning. So technically, I am shorting the financial sector and the general market.

As of 10 AM, this was not a good idea.

As of 11 AM, the same.

So my $FAZ purchase lost 3.82%. $SQQQ lost 1.41%. We'll see what tomorrow brings. No matter what happens they will be sold on Tuesday.