The Correct Call has uncovered some emerging trends in this week’s review of more than 500 ETF charts. Our Technical Screens have led us to make some BOLD calls. On April 3rd, while most everybody else was piling in the Gold Volkswagen, we wrote that iShares COMEX Gold Trust (IUA) looked shaky. Since then, IUA is down more than 2.5%.

Our most recent chart evaluations are leading us to market calls that run counter to most of Wall Street’s conventional wisdom.

Here’s what we see in the immediate future:

Interest Rates are going higher.

The Dollar going higher.

Gold and Silver headed lower.

Growth Stocks outperforming Value Stocks.

Mid Cap Stocks doing better than Large and Small Cap Stocks.

Two areas really stood out to us: Technology (especially Semis and Networking) and Mid Cap Stocks. For semiconductors we have recommended PSEM and VLTR to our readers. For a more diversified semi conductor and networking portfolio, PowerShares Dynamic Semiconductors Portfolio (PSI), iShares Multimedia Networking Fund (IGN) and PowerShares Dynamic Networking Portfolio (PXQ) look like good choices.

For MidCaps investors can choose from:

iShares S&P MidCap 400 Index Fund (IJH)

iShares S&P MidCap 400 Value Index Fund (IJJ)

iShares S&P MidCap 400 Growth Index Fund (IJK)

Aggressive investors looking to add some additional octane should consider ProShares Ultra MidCap 400 (MVV). MVV’s objective is to return twice the daily performance of the S&P 400 Index.

For those looking to invest dollars beyond America’s shores, the iShares MSCI Austria Index Fund (EWO) appears poised to move higher.

Disclosure:none