Categories
Markets Overall

Bonds Have The Worst Outlook

I think the news from FedEx on Friday morning is a significant indicator of the market’s future. One of the greatest Stock Market prognosticators of all time, Charles Dow, used the Transportation index as his leading indicator for the overall market. FedEx is one of the top components of the Transportation index.

In the overall 30-day period, the models remain entirely in the bear camp. Friday night’s numbers show the overall average fell from last week’s 3.46 to 3.39. For the third week in a row, no sector is above 4.5, which is the bullish zone.

The sector with the highest 30-day average is Energy. The models score this at 4.44, just below the neutral mark of 4.5.

The sector with the worst score is Bonds. With an average of 2.48, And the Technology sector continues to get awful scores, this week Tech has an average of 2.62.

Categories
Markets Overall

Technology and Precious Metals Look The Most Bearish.

The Technology sector has a bearish forecast for the next 30 trading days, with an average score of 3.29. Also, the Technology sector has an underperforming prospect in the 4 to 7 day period; the computed strength is 2.24. In this sector, $XLK may have the lowest results. Coming in second with a weak prospect is the Prec. Metals & Miners sector for the same period with a computed strength of 2.36. The models expect the ETF $DGP to finish the worst in this group.

The Energy sector has a good short-term prospect, which should occur in 21 to 24 days with a computed average of 6.16. The estimated top ETF in that category for that period is $BOIL.

For more ETF picks go to HTTP://mcverryreport.com/forecast