Looking at last night's chart, we can see that the models are slightly worse than the previous week's numbers. The overall average is 4.69, which is down from last week's 4.83. The U.S. Stock Mkt sector has the best overall outlook for the next 30 trading days with an average score of 5.20. But something caught my eye with the Q ETFs in last night's charts. QQQ, QLD, and TQQQ ETFs all have a negative outlook in the twenty to twenty-six-day period, the first week of September. I looked at SQQQ, the inverse of TQQQ, for a confirmation move; there is some confirmation on days 20 and 21 but no assurance for the rest of that period. So I am keeping a careful eye on a possible down move in the Nasdaq in early September.
The Real Estate sector has a good short-term prospect, which should occur in 21 to 24 days. The computed average is 5.75. The estimated top ETF in that category for that period is $DRN. Next is followed by the U.S. Stock Mkt sector with a better than average forecast in 11 to 14 days. The estimated best ETF in this sector for the period is $UXI.
In contrast, the Metals & Miners sector has the worst overall outlook for the next 30 trading days, with an average score of 4.29. The Biotech sector has an underperforming outlook in the 22 to 25 day period; The computed average is 3.60. In this sector, $XBI may have the worst results. Coming in240 second with a weak outlook is the Energy sector in 25 to 28 days, with the ETF $VDE expected to finish the worst in this group.