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Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy

"Some August weakness wouldn't be abnormal and should be viewed as a great buying opportunity," say resource experts Pamela and Mary Anne Aden.

As they discuss in their advisory service, The Aden Forecast, from a longer-term perspective they remain bullish on gold and oil as well as stocks, particularly those in the tech sector.

"Some August weakness wouldn't be abnormal and should be viewed as a great buying opportunity," say Pamela and Mary Anne Aden in their top-notch advisory, The Aden Forecast.

"One thing is pretty clear: most markets are overbought for the time being, but in the bigger picture they're clearly oversold (in an area that normally coincides with major market bottoms). 

"The stock market's major trend is clearly up, signaling stocks are going to rise further in the months ahead, and probably beyond.

In this week’s ETF screener, we pick up on a trend we saw emerging two weeks ago. It sure looks like Energy and Technology ETFs want to head higher. In the Energy Sector, these ETFs all delivered a Positive MACD Crossover:

The Correct Call. </fonte>has expanded the universe of the ETFs we screen to more than 800. We use our Technical Analysis to bring our readers ETFs with fresh buy and sell signals in the following ETF categories: Bond, Currency, Index, International, Sector and Style. As you will see this week, utilities are looking strong while healthcare and small caps, not so good.

INDEX and BOND ETFs: No new Buy or Sell Signals

CURRENCY ETFs

Buy

CurrencyShares Australian Dollar Trust (FXA)

INTERNATIONAL ETFs

Buy

During our weekly technical analysis of ETFs, we again come away with a familiar theme we have been writing about for weeks; value stocks are outperforming growth stocks. It looks to us like it’s a trend that will continue for some time.

With the market’s recent deterioration, we expected to see on dismal chart after another. While most industries, sectors and international ETF charts read, stay away. We did find a few with positive characteristics.