The strong bullish call for the Health Care sector has softened since my post from last weekend.
The estimated most under-performing sector is Energy in the 17 to 24 day period; in this sector $DIG may have the worst results.
All other sectors remain pretty much the same - neutral.
The Health Care sector has the greatest outlook in the 15 to 24 day period. The estimated best ETF in that sector for the mentioned period is $XHS. 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.
The Technology sector may have the greatest outlook, occurring in the 5 to 14 day period. The estimated best ETF in that sector for the mentioned period should be $SMH.
The estimated most underperforming sector to perform is Real Estate in the 12 to 18 day period; in this sector $DRN may have the worst results.
The estimated most underperforming sector to perform is Energy in the 19 to 27 day period; in this sector $DIG may have the lowest results.
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.
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.
I don't track $NAIL in the Short Term Trader Report due to its low volume.