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Markets Overall

Post-Election Post-CPI Expectations.

The post-election and post-CPI report has sent the markets soaring to only 7% of their all-time high. And as a result of the higher numbers, the models have gotten more positive. The overall average is 4.68, and is in the bullish zone for the first time in several months.

The Energy sector, a leader in these charts for a long time, has fallen to near the bottom. The Energy sector score is 4.22, ranking it second to worse.

The models expect the Commodities sector to perform the worst. Its average score is 4.22.

The US Stock market has the best overall score coming in at 5.19. The models expect the US Markets to perform well in the first week of December.

Surprisingly to me, coming in second is the Real Estate sector, with a score of 5.06. The estimated best period for Real Estate is next week.

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Markets Overall Uncategorized

Stock Market Is Still Looking Down

For the next thirty trading days, the models predict the overall market to resume its downward trend. The average for all sectors for the 6-week period has fallen from 4.22 to 3.92.

As it has been for the past several weeks, the sector with the highest score is Energy. But, this week Energy’s average fell to 4.83 from last week’s 5.07.

The models say that the Technology sector should perform poorly. They score Tech at 1.55 starting on Monday. In this sector, $ROM may have the worst results. Coming in second with a weak prospect is the Consumer sector for the same period, with a computed average of 1.58. The models expect the ETF $XHB to finish the worst in this group.

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Markets Overall

Don’t Fear The Stock Market Reaper

Like the stock market, the average for all sectors in the 30-day period, has gotten more bullish. This week the average is 4.32, which is still in the bearish zone, up considerably from where the average has been for the past two months. So things should be looking up, and as Jeff Hirsch, The Almanac Trader, recently wrote about, November during Mid-Term Elections is the top month for NASDAQ stocks.

The sector with the highest score is Energy, with an average of 5.07; the top pick in this group is $GUSH. The U.S. Stock Market is the second strongest sector, with a 30-day score of 5.03. The Health Care sector is showing bullish numbers in the short term, 17 days out. In this group, $RXL has the most robust numbers.

The bottom three sectors are Technology at 3.67, Bonds at 3.47, and Emerging Markets at 3.25.

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Markets Overall Sectors In Particular

For the Short-term, Avoid Consumer and Financial Sector ETFs.

The Consumer sector has an underperforming prospect in the 1 to 4-day period; the computed average is 1.74. In this sector, $XLY may have the lowest results. Coming in second with a weak prospect is the Financial sector for the same period, with a computed average of 1.86. The models expect the ETF $KBE to finish the lowest in this group.

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Markets Overall

The Energy Sector Has The Strongest Numbers

Looking at the overall 30-day period, the models have gotten more bearish. This week the average is 3.70; last week, it was 4.11. This week only two sectors have bullish averages for the 30 days.

The sector with the highest score is Energy, with an average of 5.27, up from last week’s number of 4.68. Falling to second is Biotechnology, with a 30-day score of 4.81.

The bottom three sectors are Technology at 3.14, Emerging Markets at 2.70, and Bonds at 2.60.

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Markets Overall

Four Sectors That May Be Buys.

Looking at the overall 30-day period, the models have gotten bullish. This week the average is 4.11; last week, it was 3.53. For the first time in several weeks, there are sectors in the bullish zone, four to be exact.

The sector with the highest score is Biotechnology, with an average of 5.29, well above the neutral mark of 4.5. Except for Monday and Tuesday, all averages are green or bearish. And like last week, Health Care is showing bullish numbers through the middle of November. Its 30-day average is 4.72. The two other bullish sectors are Energy, scoring 4.68, and Precious Metals and Miners, with a score of 4.61.

Finally, the Bond sector returns to the bottom of the list with a score of 3.03.

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Markets Overall Uncategorized

Some Sectors Are Looking Up

September was a tough month for the markets. From what I have read, most prognosticators are looking for a continuation through October, especially this coming Monday.

For the overall 30-day period, the models remain entirely in the bear camp. But Friday night’s numbers are up from the previous week‘s average. This week the average is 3.53; last week, it was 3.21. For the fifth week in a row, there is no sector with an average above 4.5 in the bullish zone.

The sector with the highest score, Biotechnology, almost gets a Bullish score. An average of 4.46 is barely below the neutral mark of 4.5. And for the later part of October and early November, Biotech gets daily scores in the 5’s. Last week’s top sector was Health Care. Health Care fell a bit with an average of 4.36. Health Care also has some bullish daily numbers at the end of the 30-day period.

What caught my eye was the strong green day occurring this coming Tuesday for Precious Metals and Miners. But, I prefer a continuation of similar numbers to make any judgment, and since 6.8 is standing as the sole bullish number for that period, I will ignore it.

The sector with the worst score is Energy, with an average of 2.90. And like last week, Commodities average remains in the 2’s with a score of 2.99.

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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.

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Markets Overall

Despite The End Of Week Bounce, The Models Remain Bearish

A good recovery in the markets from Wednesday on. I didn’t expect that to happen. The models suggest that the buying should continue on Monday and maybe into Tuesday. But for the overall 30-day period, the models remain fully in the bear camp. Friday night’s numbers show the overall average up slightly at 3.69 from last week’s 3.46. And like last week’s, no sectors show an average in the bullish zone. The bullish zone Sept 10 2022is above 4.5.

For the second week in a row, the Biotech sector has the best 30-day score; but it is a bearish 4.29. The models are still predicting some good numbers this week and early October. The models expect the Real Estate sector to perform well over the next two to three weeks.

The sector with the worst score is Commodities. With an average of 2.88, I don’t expect much good news coming out of that sector for the next six weeks. And the Technology sector is showing bearish numbers for most of the 30 days in the study.

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Sectors In Particular

China – Still Seeing Red

After reading a negative article in yesterday’s WSJ, I decided to see what my models say about the Chinese ETFs they track. The models agree, they, too, are down on the Chinese stock market.

Looking at the chart above, the two inverse ETFs, $FXP and $YANG stay in the bullish zone, the area above 4.5, for most of the tracking period. While the other four ETFs, non-inverse, remain bearish. There is one small period, from Sept. 18 through the 20th, in which both camps flip to the other side, but otherwise, they are calling for a continuing bearish Chinese stock market.

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