The market fell slightly last week, so we can expect a rally.
The Marriott weekly cycle turns up this week. Five of the six buy signals have proven profitable in the last year. The stock is overbought after its recent run. The shares are likely rise closer to $135 or better by mid-October. The weekly momentum is oversold.. There have been ten sell signals in the last twelve months and seven have been effective.
This cycle remains down to October 12. Chart 4 shows that this coming week has been down seasonally, reinforcing the sell on the weekly cycle. The graph shows the average daily return for all such weeks since 1980. The stock is overbought on a daily basis and relative strength has been weak. The stock is due to retreat closer to $58 by Friday. Close shorts at that time. This stock has tended to decline in the coming week.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Stocks Slip as Trade Talks FalterGlobal stocks retreated amid fading optimism around U.S.-China trade negotiations as the two countries signaled an agreement remained out of reach.
Read more »
Stocks close little changed amid worries about the global economyStocks lost steam into the close today to finish little changed. The Dow closed up 15 points. The S&P 500 slid 0.01% and the Nasdaq fell 0.06%.
Read more »
Stocks close mixed amid upbeat US manufacturing activityThe Dow Jones industrial average rose during US trading on Monday, while the S&P 500 index and Nasdaq composite fell.
Read more »
Global stocks inch up on trade hopes but growth fears cap gainsGlobal shares edged up on Tuesday after U.S. Treasury Secretary Steven Mnuchin c...
Read more »
World stocks are rising on hopes for US-China trade talks in 2 weeksTraders also cheered reports that China has granted waivers for tariff-free soy purchases to several companies.
Read more »
Pound rallies, stocks slip on UK Supreme Court rulingSterling extended gains on Tuesday while eurozone stocks tumbled after Britain&...
Read more »