This is the week following triple-witching Friday in June. Historically, this period has been bearish, so stocks may struggle during the week. But Monday will likely open on the upside.
Discovery Communications will have a cycle buy signal on the 19th. More than 60% of such signals have been profitable in the last year. And, the mid-May to late September period has been one of the stronger time intervals of the year for this stock.
Chart 1
The cycle is due to rise and to lift this stock.Chart 2
The stock is likely to rise.The cycle is down into July 19th. This is also a weak seasonal period for Mattel. In the last year, 86% of the sell signals have led to profits. The stock is very extended after a good run, so the stock is vulnerable to the downside. The $16 area is a reasonable downside target.
Chart 3
The Mattel cycle points to a downturn.Chart 4
Mattel is likely to move lower.JD.com operates as an e-commerce company in the People’s Republic of China. The stock peaked over $50 per share in late January. Price reached an April-May low just above $35.
There is a cycle buy signal from June 17th through June 27th. These signals have been successful in 92% of all cases in the last year. The stock is likely to run near its former $50 high.
Chart 5
The cycle points to an upside acceleration.Chart 6
The recovery in these shares is likely to continue.