Stocks This Week- Buy Intel, Microsoft and Amazon

&l;p&g;&l;img class=&q;dam-image shutterstock size-large wp-image-1068860330&q; src=&q;×0.jpg?fit=scale&q; data-height=&q;447&q; data-width=&q;960&q;&g; Shutterstock

For this coming week, the wind is in the sails of bullish stocks. The long recommendation from last Sunday, Apple, rose by 3.8% in the last week.

The three stocks are all buys and all are in the Nasdaq. Despite the market turbulence, the relative strength rankings have not changed much. The Nasdaq Composite, the Nasdaq 100 and the Barra Growth Index remain strong. In a bear market, the strongest relative stocks become the worst performers. If a bear market were beginning, these indices and stocks would be starting to lag. This has not begun.

Intel is attractive. The cycle bottoms on the 18&l;sup&g;th&l;/sup&g; and runs up for the coming week. In the last year, 75% of the buy signals have been successful. Relative strength is strong and is expected to sustain. Daily momentum is turning up.

&l;u&g;Chart 1&l;/u&g;

&l;img class=&q;size-large wp-image-182892&q; src=&q;×368.jpg?width=960&q; alt=&q;&q; data-height=&q;368&q; data-width=&q;1200&q;&g; Intel&s;s share price cycle points up in the coming week.

&l;u&g;Chart 2&l;/u&g;

&l;img class=&q;size-large wp-image-182893&q; src=&q;×669.jpg?width=960&q; alt=&q;&q; data-height=&q;669&q; data-width=&q;1200&q;&g; Relative strength is strong.


Microsoft is also likely to move higher. This is seasonally a strong period for this stock. Over the last 32 years, the stock has risen 84% of the time from April 15&l;sup&g;th&l;/sup&g; through April 21&l;sup&g;st&l;/sup&g;. Relative strength remains in an uptrend. The dynamic cycle points up, so the probability of a price increase is high.

&l;u&g;Chart 3&l;/u&g;

&l;img class=&q;size-large wp-image-182894&q; src=&q;×316.jpg?width=960&q; alt=&q;&q; data-height=&q;316&q; data-width=&q;1200&q;&g; Microsoft is due for a strong week.

&l;u&g;Chart 4&l;/u&g;

&l;img class=&q;size-large wp-image-182895&q; src=&q;×674.jpg?width=960&q; alt=&q;&q; data-height=&q;674&q; data-width=&q;1200&q;&g; This stock is also relatively strong.

Cycles also point to Amazon as a winner in this coming week. Over the last 20 years, this stock has risen in the coming week 80% of the time. The stock has recently pulled back on light volume, so this short-term correction is likely complete.

&l;u&g;Chart 5&l;/u&g;

&l;img class=&q;size-large wp-image-182896&q; src=&q;×328.jpg?width=960&q; alt=&q;&q; data-height=&q;328&q; data-width=&q;1200&q;&g; Amazon&s;s cycle is bullish in the coming week.


&l;u&g;Chart 6&l;/u&g;

&l;img class=&q;size-large wp-image-182897&q; src=&q;×669.jpg?width=960&q; alt=&q;&q; data-height=&q;669&q; data-width=&q;1200&q;&g; The last pullback was on light volume which is constructive.


A short-term top is projected for the overall market for Friday, the 20&l;sup&g;th&l;/sup&g;. The following week will bring many earnings reports, so there will&a;nbsp; be some disappointments. There will likely be short recommendations in the next post on Sunday, April 22.