The Cycles Research screening methods rank stocks by seasonal pattern, cycles, and relative strength. This directs attention to equities that are likely to begin a move. Here are a pair of short-term trades.
QUALCOMM was highly ranked in several screens across several markets.Relative strength has hit new highs. The weekly cycle hit its low today. The monthly cycle is already rising. The annual or seasonal cycle bottoms at the end of this month. The stock price is likely to rise over the short term to $215 and higher.
QUALCOMM Daily
QUALCOMM Weekly Price Cycle
Mondelez has been a very weak stock and is a shorting candidate. Relative strength has recently hit new lows, and recovery is unlikely. June has been the most bearish month to hold the stock. Only 11 days in June have had a positive expected return since 2001. The monthly cycle depicted below is in decline, and the weekly cycle peaks on the 7th. The $65 area is a reasonable downside target.
Daily Graph
Monthly Cycle
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