Stocks This Week: Buy Liberty Global And Blackrock
The daily S&P cycle points to higher prices next week. Nine of the last eleven buy signals have proven to be profitable. Expect moderately high prices. The coming week is likely to resemble the prior week. Air pockets will likely occur to relieve any overbought condition. The strength is likely to occur early in the week followed by weakness late in the week. Expect a moderate rally to new highs.
We remain long American Airlines AAL and Apple AAPL from last week. Here are two long stock recommendations for the short term.
The Liberty Global LBTYA daily cycle reaches a low this week. The cycle tops on August 28th. All thirteen buy signals in the last year have been successful. The weekly cycle is also rising. The $24-$25 area is a likely objective.
Chart 3 shows that the daily Blackrock BLK cycle bottoms on 16th. All thirteen buy signals have been profitable in the last year, and the weekly cycle is also ascending. The stock is likely to rally from Monday to the $610-$620 area or higher. Relative strength has been rising since March.