Investments

Stocks This Week: Buy Lam Research And Schlumberger

In the coming week, there is no particular bias up or down. The seasonality combined with the market momentum is likely to keep the indices up. The following weeks are exceptionally bullish. The OPEX (options expiration week) from the 16th to the 23rd is followed by the Christmas rally. These influences will likely push the markets higher into January 10th.

The Lam Research weekly cycle bottoms on the 9th and tops on January 11th. All 5 buy signals have been successful in the prior year. Price has been following its cycle well; the last four consecutive buys and sells have all been accurate. The stock is likely to rally to the $285-$300 area in January. The average low in the month of December has been on the 13th-14th in any year so downside appears limited. In January, the stock has risen 55.7% of the time for an average gain of 10.5%. The latter figure is the highest for all 12 months.   

Chart 1

Stocks This Week: Buy Lam Research And Schlumberger

This reliable cycle is giving a buy signal.

Cycles Research Investments LLC

Chart 2

Stocks This Week: Buy Lam Research And Schlumberger

Relative strength has been strong.

Cycles Research Investments LLC

The weekly Schlumberger cycle turns up on the 9th and tops on January 15th. This share price has followed its cycle well in the last year. All nine buy and sell signals have been profitable. The stock will likely rise to the $40-$41 area.

Chart 3

Stocks This Week: Buy Lam Research And Schlumberger

This cycle has been 100% accurate in the last year.

Cycles Research Investments LLC

Chart 4

Stocks This Week: Buy Lam Research And Schlumberger

Relative strength has not made a new low since October.

Cycles Research Investments LLC

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