Photo by Roy Rochlin/Getty Images)
The S&P did close higher last week but with great volatility. Moderately higher quotes are expected this week, the week prior to OPEX week. OPEX week in March which will run from March 8th to 15th has a bullish bias.
The daily Analog Devices cycle bottoms now. All ten buy signals have been profitable in the last year. The daily cycle bottoms on the 8th and rises into the 16th. Relative strength is rising. The shares are likely to move closer to $156. The shares have typically been strong in pre-OPEX week in the month of March.
Analog Devices Daily Cycle
This accurate cycle points to higher quotes.
Analog Devices Daily Graph
This stock is oversold.
The weekly Verizon cycle tops on the 11th and falls into April. There have been three weekly sell signals; all have been correct in the last year. The weekly and monthly cycles are both in descent. The first half of the month has seasonally been weak. The stock may fall closer to the $54 level.
Verizon Weekly Cycle
This cycle points to lower prices.
Verizon Daily Graph
Relative strength is in decline.
