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Markets Overall

The Models Remain Bearish

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average is 3.98, a slight improvement from last week’s 3.57.

The Technology sector has a bearish forecast for the next 30 trading days, with an average score of 2.96. Also, the Technology sector has a poor prospect from May 17th through the 20th; the computed average is 1.63. In this sector, $XLK may have the lowest results.

The Energy sector continues to have the best short-term prediction, which should occur between June 14th through the 21st with a computed average of 6.2. The estimated best ETF in that sector for that period is $BOIL.