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Markets Overall

Outlook: Rough and Tumble Through The Middle of September

Let’s look at last night’s sector strength chart; the overall average has declined to 3.87 from the previous week’s 4.12. With the bear/bull line at 4.5, the overall score for the next six weeks fell further into the bearish zone.

This week’s sector with the worst score is the Financial sector, scoring 2.58. Which is followed by the Real Estate sector. Real Estate’s 30-day score is 3.16

The Biotechnology sector moved from the second best to first by getting a score of 4.83. Which is just bearly into the bullish zone. The Energy sector, which was the best last week, fell to fourth; it scored 4.27, which is bearish but does show some strength from August 17 until the end of the month. The Bond sector moved to second place and is in the bullish zone with a score of 4.54.

Precious Metals and Miners score 4.43; Tuesday could be interesting for this sector. Health Care has the fifth highest score at 3.94, followed by Non-US Stock Markets at 3.92. Technology is next with a score of 3.89, US Stocks at 3.81, Commodities score 3.76, Emerging Markets record a 3.60, and the Consumer sector’s 30-day average score is 3.58

So, like the past four weeks, the models generally expect a downside to the markets through August until September 19. The one exception is Biotechnology.

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Markets Overall

The Models Expect One More Bullish Week For The Stock Market.

Let’s look at last night’s sector strength chart; the overall average has improved to 4.12 from the previous week’s 3.98 If you watched last week’s video, you know the models called for the markets to be up this past week, and this coming week. Well, so far, so good.

The Emerging Markets sector has the worst overall average, scoring 3.58. The Precious Metals & Miners sector has an underperforming prospect. The computed strength is 3.76. The models are looking for positive pop next week, followed by a continuous downtrend through August and the first week of September.

The Energy sector has the best overall score of 5.14 and a good short-term prospect, which should occur in 8 to 11 days scoring 6.29. The Biotechnology chart is still the only chart showing an uptrend. The problem with the trend is that it remains in the bearish zone for most of the 30 days. It does get bullish the first week of September.

So, like the past three weeks, the models expect a downside to the markets through August.

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Markets Overall

Stock Market Call: Two Weeks Up, Four Weeks Down.

Let’s look at last night’s sector strength chart; the overall average has improved from last week’s 3.10 to last night’s 3.98. The models are still calling the market to remain bearish up to September 2. As you will see, some of the sectors have some bullishness to them for the next two weeks, but all sectors have bearish numbers through the end of August.

Let us start with the strongest sectors first. Energy and Bonds both have an average score of 4.53, Energy sector has strong numbers through the first week of August. Unlike Energy, the Bonds numbers are not as strong, but both sectors fall off through the end of August. Biotechnology scores a 4.48. Biotech is one of a few sectors with strength numbers that return to the bullish territory at the end of the 90 days. The Consumer sector comes in at 4.14.

As you will see, the remaining charts have a similar pattern to the Energy chart, strong through the first couple of weeks of August, then falling off. Next is the U.S. Stock Market at 4.13. And, Technology with a score of 4.12 with a considerable dropoff at the end of August. The Financial sector scores a 3.82. With Health Care following at 3.80. Non-U.S. Stocks, scoring 3.78, barely makes it into the bullish zone next week. Both Emerging Markets and Real Estate score 3.76. Coming in at twelfth is the Commodities sector with a score of 3.70. And finally, we get to the Precious Metals and Miners with an overall average of 3.23.

So, like the past two weeks, the models expect a downside to the markets through August.

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Markets Overall

Stock Market Downside: No End In Sight

Let’s look at last night’s sector strength chart; despite Friday’s bounce, the overall average have fallen deeper into the bear territory with a score of 3.10. This is worse than last week’s 3.20. Friday was a classic dead cat bounce. With one exception, a bounce usually has a landing spot – the models don’t have one in the near future. And these models say that next week will see a sell-off much stronger than we have seen for the past several months. Are you ready?

Likewise, the individual sector averages are weaker too. No sector average is better than a four, remember a 4.5 is neutral. Let’s look at the individual charts for each of the thirteen sectors tracked, starting with the so-called best, the Biotechnology sector. Last night’s average for Biotech is 3.85. Next is Bonds, with a score of 3.71. The Energy sector is the third best sector of the thirteen. Energy scores 3.68. After Energy is the Technology sector with a score of 3.43 and is closely followed by the Consumer sector, this sector score is 3.39. Up next are U.S. Stocks, with an average score of 3.01. Health Care comes in seventh, scoring 3.00, and is closely followed by the Emerging Market sector with an average of 2.93. Precious Metals and Miners are next at 2.91, which is followed by Non – U.S. Stocks with a score of 2.88. And finally, the last three are the Commodity Sector at 2.56, Real Estate at 2.50 and the Financial sector at 2.44.

So the market action on Friday was your classic dead cat bounce, and we should see even more downside to the markets through August.

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Markets Overall

All 13 Sectors Tracked By My Models Remain Bearish For The Next 30 Trading Days

Based on the corresponding ETF averages, let’s look at last night’s sector strength chart; the overall average remains in the bear market territory with a value of 3.20.

Let’s look at the individual charts for each of the thirteen sectors tracked, starting with the worst, the Commodities sector. Last night’s average for Commodities is 2.56. Except for the first two days of next week, Commodities strength remains well below the neutral score of 4.5. Next is Technology, with a score of 2.74. Tech had been getting the poorest numbers for the past three weeks. The Bond sector is the third worse sector of the thirteen. Bonds score 2.76. After Bonds is the Financial sector with a score of 3.02 and is closely followed by the Precious Metals and Miners, Metals and Miners score is 3.03. Up next are U.S. Stocks, with an average score of 3.21. Real Estate comes in seventh, scoring 3.33 and is closely followed by the Consumer sector with an average of 3.35. Non-U.S. stocks are next, scoring 3.40. With Emerging Markets not too far behind at 3.51. The Energy has the highest daily score at 7.1; predicted for this coming Monday, but its average is a weak 3.65. The top two sectors are Health Care, scoring 3.74, and Biotechnology, almost at neutral with a score of 4.45. As you can see in the chart, the models have Biotech swooning from the end of July through the second week of August.

So all thirteen sectors tracked by the models remain bearish.

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Uncategorized

Technology and Commodities Have The Worst Forecast

The Technology sector has the most bearish forecast for the next 30 trading days, with an average score of 2.70. In this sector, $USD may have the lowest results. Coming in second with a weak prospect is the Commodities sector in the 1 to 4-day period with a computed strength of 1.79. The models expect the ETF $DBC to finish the lowest in this group.

$USD – estimated strength
$DBC – estimated strength
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Markets Overall Sectors In Particular

Wait Until August

Based on the corresponding ETF averages, let’s look at last night’s sector strength chart; the overall average remains a solid bearish value of 3.12.

A review of the individual charts has only two charts interesting to me; they are Biotechnology and Health Care. What catches my eye is that they both show moderate bullishness at the start of August. Here is Biotech with an overall average of 4.16. See the dip in the second week of July; the models predict its strength to the bullish side from there. Likewise, Health Care has a weaker average of 3.12, showing a similar pattern. As for the rest of the sectors, Energy has an average of 3.62 and shows a flat pattern. Precious Metals and Miners follow Energy with an average of 3.5. Next is Non-US stocks with a computed score of 3.27. This is followed by Commodities, averaging a value of 3.22, with a predicted up-trend line. Bonds are up next with a value of 2.95. Then Real Estate at 2.85. Technology moves up to the tenth slot with a computed value of 2.8. Slipping into eleventh is the Consumer sector with a score of 2.62. Then US Stocks at 2.56. And finally, the Financial sector finishes the group with a low score of 2.48.

So all thirteen sectors tracked by the models remain bearish.

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Markets Overall

Will The Stock Market Madness End?

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average has a solid bearish value of 3.11. Do you see the light at the end of this bear market tunnel? I do. I see the oncoming market crash.

Let’s review the individual charts. The best is the Precious Metals and Miners, with an average 30-day score of 4.14. The Energy sector follows with a score of 4.02. The third sector is Commodities, scoring 3.64. Following Commodities is the Bond sector with an average of 3.5. The Non-US Stock Market follows with an average of 3.47 and Emerging Markets with 3.43. Seventh on the list is the Biotechnology sector scoring an even 3.0. Then Health Care follows with a score of 2.85. The Financial sector closely follows Health Care by scoring 2.82. Up next is Real Estate, scoring 2.71. And the last three are the Consumer sector, with 2.4, US Stocks, with 2.34, and the Technology sector, with 2.16.

So all thirteen sectors tracked by the models are bearish.

For individual ETF picks go to http://mcverryreport.com/forecast

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Markets Overall Sectors In Particular

Energy, The Last Bullish Sector, Is Showing Signs of Weakess

The above chart is red except for the line representing the Energy sector. But even Energy is starting to show bear numbers too.

For individual ETF picks for the next 30 trading days go to http://mcverryreport.com/forecast

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Markets Overall

’22 Stock Market Crash – The Beginning or End?

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average has a strong bearish value of 3.91; are you surprised? 3.91 is worse than last week’s 4.38.

Two of the thirteen sectors tracked this week are in the bullish zone; there were four bullish sectors last week. The bullish sectors are Energy and Commodities The Financials sector and Foreign Stock Markets joined the bearish sectors from last week’s group.

Reviewing the individual charts, Energy has an average score of 6.06, with most of its strength starting in a little more than a week. The Commodities sector barely makes it into the bull category with a score of 4.58, let’s put some emphasis on the words – barely makes it into the bullish category.

Starting with the bearish sectors first is Non-US Stock Markets with a score of 4.18. Then follows Emerging Markets, averaging at 3.92. The third bearish sector is Real Estate, with a score of 3.87. Up next is the Bond sector, with a score of 3.71. Closely following Bonds is the Financial Sector with a score of 3.7. The Biotechnology sector scores 3.69. In quick succession, there are Precious Metals and Miners at 3.66, the Consumer Sector at 3.63, and Health Care with a score of 3.61. Tenth in the bearish group is US Stocks, with a score of 3.51. And finally, the last sector is Technology, with a meager score of 2.7. The interesting aspect about the Tech numbers is that the daily number never goes into the bullish zone. Tech is the only sector that does that.