Photographer: Michael Nagle/Bloomberg
The S&P dropped unexpectedly on Thursday. The trend line from last March was not broken, so the trend is likely intact for now. The February 27-March 6 period is the end-of-month (EOM) period of strength. This period has been up 68.6% of the time for the second highest expected return in the 12-month sequence. Here are a pair of buy recommendations that are both in a rising cycle mode.
The weekly Tractor Cycle bottoms now. All five sell buy signals have been profitable in the last year. The daily cycle bottoms on the third and rises into the ninth. Ten of the last eleven have been successful. Relative strength is rising. The shares are likely to closer to $167 or higher.
Tractor Supply Weekly Cycle
The TSCO cycle bottoms now.
Tractor Supply Daily Graph
Relative strength remains strong.
The daily Ryder cycle bottoms rises from the 3rd through the 8th. The daily buy signals have been correct in all ten cases in the last year. The weekly cycle is also rising. The stock may rise to the $72-$73 level.
Ryder Daily Cycle
The Ryder cycle signals a short rally in the coming week.
Ryder Daily Graph
Momentum shows higher lows, a positive development.
