Stocks This Week: Buy Apple And Intuit

This will be March open expiration week (OEW) which has an upside bias. Stocks are likely to set new highs again.

The cycles of Apple Computer are giving buy signals on all time windows, daily, weekly and monthly. The daily cycle hits a low on March 16^th and tops on April 6^th. Eight of eight such signals have been profitable in the last year. The weekly cycle bottomed on March 5^th and tops on April 10^th; all seven buy signals have been successful. The monthly cycle bottomed on the 6^th and has been correct in all five cases. The stock has risen 51% of the time in March but 60% of the time in the month of April. In fact, the most bullish day of the month has been March 18^th, up 65.5% of the time for an average 1.1% gain. The stock may challenge $130.  

Apple Daily Cycle

Apple Daily Graph

Intuit
INTU
is likely to rise in the next week. Here is the cycle reasoning. The daily cycle rises from the 12^th through the 20^th. The weekly cycle rises into the 15^th. The daily cycle has turned prices up in 11 of the last 12. The weekly cycle has done likewise in 7 of 8 cases. In fact March has closed on the upside 67.9% of the time. Relative strength has been much stronger than that of the average big tech stock. Price is likely to rise closer to $425.

Intuit Daily Cycle

Intuit Daily Graph