Author: Gary Harloff
Covestor model: Opportunistic ETF
Our analysis indicates that style-box funds, sector indices (except for utilities), and world indices (save for the U.S. dollar index, DXY) are generally buys. The NASDAQ Composite Index (COMP) and large cap stocks now lead the style box indices.
Precious metals and semiconductors now lead the sector indexes. The precious metal/gold increase is consistent with a weakening dollar. The S&P 500 Index (SPX) uptrend remains intact according to our unique analysis. In addition, we believe that the highest performing sectors going forward, should be gold and technology.
The NASDAQ 100 Index (NDX) is up about 22% this year. The powerful stock market uptrend this year probably signals a Mitt Romney and Paul Ryan win in November. We have new signals: a buy on gold and a sell on bonds. We continue to have buys on the S&P 500 Index and NASDAQ 100 Index.
Because the markets can turn quickly, be ready. May the market be with you.