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Stocks This Week: Apple, Devon Energy and Alphabet (Google) Are Likely To Move Up


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Despite the traditional bullish effect of the end-of-month and the FOMC meeting, the market was down into Thursday. The remarkable recovery off of the Thursday low to the Friday close covered almost 70 S&P points. This turnaround appears to be a low. Here are three stocks that are likely to rally in this coming week.

Apple has been a star performer for us, closely tracking its cycle. In fact 100% of the five buy signals in the past twelve months have been successful. We caught the first buy signal early in this month and the second buy signal in the last week. The sell signal in between the two buy signals brought the stock down by about 9%. The last year shows that 100% of the buy and the sell signals have been profitable. The rally is likely to extend through to June 2, so there is no reason to sell the shares at this time.

Chart 1

Cycles Research Investments LLC

The Apple cycle continues to rise.

Chart 2

Cycles Research Investments LLC

Apple’s rally is likely to continue.

The energy sector is very close to the technology sector in the relative strength rankings. The sector has jumped in the relative rankings by 3 ranks in the past 2 weeks. In the past, if the sector rose 3 ranks in the relative rankings, it was higher 21 of 30 times 4 weeks later since 2000. It rose 7 ranks in the last 4 weeks, and there are no such prior occurrences of such a surge. It can be seen as a strong sign of buying interest. The cycles screen has pinpointed one energy stock for the coming week.

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Shutterstock

Despite the traditional bullish effect of the end-of-month and the FOMC meeting, the market was down into Thursday. The remarkable recovery off of the Thursday low to the Friday close covered almost 70 S&P points. This turnaround appears to be a low. Here are three stocks that are likely to rally in this coming week.

Apple has been a star performer for us, closely tracking its cycle. In fact 100% of the five buy signals in the past twelve months have been successful. We caught the first buy signal early in this month and the second buy signal in the last week. The sell signal in between the two buy signals brought the stock down by about 9%. The last year shows that 100% of the buy and the sell signals have been profitable. The rally is likely to extend through to June 2, so there is no reason to sell the shares at this time.

Chart 1

Cycles Research Investments LLC

The Apple cycle continues to rise.

Chart 2

Cycles Research Investments LLC

Apple’s rally is likely to continue.

The energy sector is very close to the technology sector in the relative strength rankings. The sector has jumped in the relative rankings by 3 ranks in the past 2 weeks. In the past, if the sector rose 3 ranks in the relative rankings, it was higher 21 of 30 times 4 weeks later since 2000. It rose 7 ranks in the last 4 weeks, and there are no such prior occurrences of such a surge. It can be seen as a strong sign of buying interest. The cycles screen has pinpointed one energy stock for the coming week.

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