Me and My Blog
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This past Wednesday I reported that my AI algorithms have two Chinese related ETFs ($FXI and $XPP) showing negative outlook for the next week,
Tonight two more ETFs ($MCHI and $YINN) come up with negative numbers.
The good news is that the outlook for all 4 ETFs in only negative for 2 weeks Their predicted results turn green starting in early August.
A lot more yellows and oranges showing up for the remainder of June. Last night's report has more light greens for the days leading up to July but as you see those light green numbers are gone. I'll assume the brakes are being applied to lead us to a summer swoon.
The bright spot is that tech and financials still have some light green numbers 4 to 5 weeks out.
Scale - 0 (very strong sell (red)) - 9 (very strong buy (green)
The report is available at http://mcverryreport.com look for the link to download the sample Short Term Trader Report.
The 2 tech sectors are showing a lot of green, especially tech for the next 6 days and also at the end of the study period.
Financials still have the strongest numbers 5 weeks out.
The complete charts are aailable at: https://www.mcverryreport.com/subscribe/SampleReport.pdf
As posted earlier today the Financial sector is looking very positive 4 to 5 weeks out. What popped up with this evening's report is Technology. It too looks healthy in the 30-day outlook.
This report can be downloaded from https://www.mcverryreport.com/subscribe/SampleReport.pdf
From the report this is what $TECL could look like over the next 30 days.
And while Real Estate has some poor numbers in the 10 to 18-day range. R.E. shows the highest buy indicator at day 23
While the 30 Day Outlook has a lot of green for the next several days what catches my eye is the green numbers from day 22 through 25 for the Financial sector.
Above is the Sector 30 Day Outlook from my subscriber's report. A value of 0 is considered a very strong sell, a value of 9 is considered a very strong buy.
And likewise, I am going to avoid real estate ETFs due to the orange-red numbers 14 to 17 days out.