We alerted readers on 4/16 that a short term bottom is approaching. That bottom has been built and there is a short-term rally taking place.
Traders should exercise caution and have in place tight stops if participating in this rally.
Expect a selloff next week.
Investors should be on the lookout for a fall in IBM stock (Ticker: IBM) until late July. From there, the TradeTimingPro model is providing guidance for a rise in the stock until the 1st week of November 2024. For more detailed alerts sent out quarterly, sign up to the TradeTimingPro quarterly trade idea here.
The 3 charts included here are ones all investors should be taking careful note of. (Click the chart above to expand). These charts represent the PERFORMANCE of the groups listed in the charts in comparison to the general stock market (The S&P 500: SPY / or the Vanguard Total Stock Market ETF: VTI) What we’re…
Each month we’re posting a “mystery chart” for our readers. If you guess the ticker symbol correctly, you’ll get a 1-month free subscription to the EquiPredict Newsletter+Forecasts. Send your answer to matt@equipredict.com (1 submission per reader). Alternatively, If you’d like to know what this mystery chart is, write to us at info@equipredict.com and put in…
If you’re seeking another stock market direction indicator, look to the sales volume of Heavy Weight Trucks (see data HERE). This data is an excellent “bottom fisher” forecasting tool to identify stock market bottoms. Heavy Weight Truck Sales has a cycle of about 9-10 years, similar to that of the well known decennial stock market…
The TradeTimingPro model is flashing a buy signal for McDonald’s Corp (Ticker: MCD). A trigger for entry should be a break of the downtrend line and volume to accompany the rise into July. Look for best entry in the last trading week of June. Traders should also be looking for the stock to begin outperforming…
Seasonal Pattern and TradeTimingPro Model Points to Upside in BAH Stock Shorter term traders interested in buying and holding a stock for May should consider Booz Allen Hamilton (Ticker: BAH). Since 2016, the stock has risen in value 100% of the time in the month of May with an average return of over 7%. The…
