Health Care and Financials Are The Top Picks

Let's look at last night's chart; the models' predictions are more bullish than the previous week's numbers. The six-week average is 5.02; the previous week's average was 4.84.
enter image description here The Health Care sector has the best overall forecast for the next 30 trading days, with an average score of 5.80. The Financial sector has the best short-term prediction, which should occur in 10 to 18 days. The computed average is 6.63. The estimated best ETF in that sector for that period is $KBE. Next is followed by the Health Care sector with a better than average forecast in 22 to 25 days. The computed average is 6.42. The estimated best ETF in this sector for the period is $CURE.

And for the sixth consecutive week, the Prec. Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.99. Also, the Prec. Metals & Miners sector has an underperforming prospect in the 17 to 21 day period; the computed average is 3.57. In this sector, $UGL may have the lowest results

The Tech Sector Is Still The Top Pick

Let's look at last night's chart; the models' predictions are barely unchanged from the previous week's numbers. The six-week average is 4.84; the last week's average was 4.80. So the models remain just slightly bullish for the next six trading weeks. enter image description here For the second week in a row, the Technology sector has the best overall forecast for the next 30 trading days, with an average score of 5.68. And the Technology sector has the best short-term prospect, which should occur in 12 to 14 days. The computed average is 6.72. The estimated top ETF in that category for that period is $SOXL. Next is followed by the Health Care sector with a good forecast in 19 to 23 days. The computed average is 6.19. The estimated top ETF in this sector for the period is $RXL.

And for the fifth consecutive week, the Precious Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.33. Also, the Metals & Miners sector has a poor prospect in the 20 to 24 day period; the computed average is 2.80. In this sector, $NUGT may have the worst results.

Medical Devices Sector Look Interesting

RECENTLY, one ETF that has popped up on the bull scan recently is $IHI, iShares U.S. Medical Devices ETF. More investigating turns out that the medical device sector generally performs well in the last quarter of the year. I ran a scan against a Fidelity sector mutual funds database and got similar results for $FSMEX, Fidelity Select Medical Technology and Devices Portfolio. $IHI estimates for next 6 trading weeks So I am currently buying some $IHI for my investing account and the Fidelity $FSMEX for my retirement account.

We'll see.

The Tech Sector Is The Top Pick for the Next 6 Trading Weeks

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Let's look at last night's chart; the models' predictions are barely unchanged from the previous week's numbers. The six-week average is 4.80; the previous week's average was 4.86.
The Technology sector has the best overall forecast for the next 30 trading days, with an average of 5.41. The Real Estate sector has the best short-term prospect, which should occur in 25 to 30 days. The average is 6.02. The estimated best ETF in that sector for that period is $URE. Next is followed by the Technology sector with a better than average forecast in 14 to 17 days. The computed average is 5.73. The estimated best ETF in this sector for the period is $SMH.

On the sell-side and for the fourth week in a row, the Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.94. Also, the Metals & Miners sector has an underperforming prospect in the 19 to 25 day period; the computed average is 3.35. In this sector, $GLD may have the worst results.

The Real Estate Sector Continues To Have The Strongest Outlook

Let's look at last night's chart; the models' predictions are up slightly from the previous week's numbers. The six-week average is 4.86; the last week's average was 4.67.
enter image description here For the fourth week in a row, the Real Estate sector has the best overall forecast for the next 30 trading days, with an average score of 5.43. And the Real Estate sector has a good short-term prediction, which should occur in 17 to 21 days. The computed average is 6.50. The estimated best ETF in that sector for that period is $IYR.

And for the third week in a row, the Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 4.05. Also, the Metals & Miners sector has an underperforming prospect in the 18 to 23 day period; the computed average is 3.57. In this sector, $GDX may have the lowest results. Coming in second with a weak prospect is the Biotech sector in 4 to 6 days. The computed average is 3.57. The models expect the ETF $XBI to finish the lowest in this group.

I Am Extending My Bearish Call For Another Week.

This morning's futures markets erased yesterday's gains, verifying the bearish call I made this past weekend. The energy sector looks positive, and I am very bearish on anything out of China. enter image description here

The Real Estate sector has the best overall forecast for the next 30 trading days, with an average score of 5.61. And the Real Estate sector has the best short-term prediction, which should occur in 22 to 25 days. The computed average is 6.46. The estimated top ETF in that category for that period is $IYR. Next is followed by the Financial sector with a better than average forecast in 27 to 30 days. The computed average is 6.38. The estimated top ETF in this sector for the period is $FAS.

On the sell side, the Consumer sector has the worst overall view for the next 30 trading days, with an average score of 3.91. The Biotech sector has a poor prospect in the 1 to 4 day period; the computed average is 2.37. In this sector, $BIB may have the lowest results. Coming in second with a weak prospect is the Consumer sector in 3 to 6 days. The computed average is 2.72. The models expect the ETF $ITB to finish the lowest in this group.

The Models Are Calling For More Bearishness Across All Sectors For The Next 2 Weeks.

For the entire month of September, the markets continued their downward move, and Friday did show some positive movement.

Let's look at last night's chart; the models' predictions are down from the previous week's numbers. The six-week average is 4.67, approaching the bearish zone; the previous week's average was 5.06. What caught my eye was the first five-day average, which is 3.71, a bearish number. enter image description here

The Real Estate sector continues to have the best overall forecast for the next 30 trading days, with an average score of 5.50. And the Real Estate sector has a good short-term prospect, which should occur in 22 to 30 days. The computed average is 6.41. The estimated best ETF in that sector for that period is $DRN.

In contrast, the Metals & Miners sector has the worst overall view for the next 30 trading days, with an average score of 3.85. The Consumer sector has an underperforming prospect in the 1 to 5 day period; the computed average is 2.74. In this sector, $XRT may have the worst results. Coming in second with a weak prospect is the U.S. Stock Mkt sector for the same period. The computed average is 2.77. The models expect the ETF $URTY to finish the worst in this group.