New York Stock Exchange
The market may rally early in the week but is due to fall into the end of the week. The most bearish period for the S&P in June runs from the 19th to the 27th. This interval has been down in 25 of the last 30 years. The 28th is likely a short-term low.
The Ross Stores daily cycle turns down now and bottoms in early July. Ten of eleven daily sell signals have been profitable in the last year. The stock has only risen in the month of July 45% of the time. The shares are likely to move closer to $109.
Chart 1: Ross Stores Daily Cycle
Cycles point to lower prices.
Chart 2: Ross Stores Daily Graph
This weak stock has waning momentum and declining relative strength.
The Citrix Systems daily cycle points down from the 24th through the 30th. Nine of ten sell signals have made money in the last year. The weekly and the monthly cycle are also falling. July has been a weak month for this stock. The stock is due to fall to $110.
Chart 3: Citrix Daily Cycle
This cycle peaks in the coming week.
Chart 4: Citrix Daily Graph
Relative strength is hitting new lows.
