The S&P is likely to slip early in the week and rally later in the week. Here are three stock selections for the short-term.
The 4th of July holiday bias raised the market last week. There is a projected turning point on the 8th which is likely to prove to be a short-term high.Juniper Networks is at a weekly cycle low. Nine of ten buy signals have led to rising prices in the last year. The stock shows higher lows in momentum and has rising relative strength since May. It is also in the strong technology sector. The shares are due to rise closer to $30 or better by the last week in July.
Noble has been a weak and low-priced stock. Relative strength has been falling since January. The stock is currently overbought and momentum is waning. The weekly cycle peaks now and falls into late August. All four such cycle sell signals have been successful in the last year. The share price appears due to lose another 10% to the $1.6 area.Momentum and relative strength are bearish.
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