The S&P 500 has carried on to the upside as projected. Sentiment, the breakout from a triangle, and cycles point to higher prices into April. The following stock selections are derived from the relative strength, cycles, and high cash flow screens.
Analog DevicesADI has risen 76% of the time from January 9th to June 9th over the last 42 years. The histogram below shows that the first five months of any year have been strong. The monthly graph reveals a new all-time high in relative strength and a very oversold momentum indicator. The shares are likely to rally over the prior high of $192 to new highs by the spring.
Analog Devices Monthly Histogram
Red: Percentage of months in which price rose
Blue: Percentage price change
Green: Expected return (product of the first two)
Analog Devices Monthly Graph
Netflix has appreciated in price 85% of the time from January 21st to April 17th over the last 20 years as depicted by the green line in the chart below. This stock is ranked number four in the NASDAQNDAQ 100 for relative strength. The share price is due to hit $425 by the end of March.