The Cycles Research stock screen identifies stocks that are strong both in terms of relative strength and in cycles. These equities are likely to be leaders in this 4th quarter rally. The NASDAQ
NDAQ
and the S&P 100 are expected to be leading indices.
Intel
INTC
is ranked number five in the S&P 100. The seasonality is very favorable. The stock has risen over 70% of the time in the month of November for a gain of almost 3% over the last 44 years. The graph of monthly expected return is depicted below. The share price has risen 65% of the time for an average 6.3% gain from October 27th to December 27th. With the seasonal cycle uptrend intact, we turn to the monthly cycle. Relative strength has been rising since March. As we can see in the third graph below, the share price bottomed as the monthly cycle hit a low.
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