Archives: September 2020
The Metals and Miners Sector Continue To Have The Weakest Outlook
Continue To Avoid Energy and Metals also Real Estate ETFs
Is It Time To Buy The Slump? Not so fast.
Stay With Tech, Avoid Energy
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.
Technology Sector Should Remain Strong for Next 6 Trading Weeks
Avoiding The Metals and Miners
Financial Sector Remains Strong 5 to 6 Trading Weeks Out
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.
Continued Downturn Next 3 - 4 Days
