Stocks This Week: Buy Juniper Networks And M&T Bank

The market has been strong over the last 2 weeks, rising 4.5%. However, the first week in this sequence was bearish and the entire 2-week period has historically been flat. In this case, the overriding of the seasonal tendency has bullish implications:

• If the market has been up in that period, then the odds are 2 in 3 that the market will close higher 1 week later.
• If the market has been up by more than 2%, then the odds favor the bears by 3 to 1 in 26 cases.
• If the market exceeds 3%, then there have been higher prices in 11 of 12 cases.

The positive effect of this price rise does not dissipate for 4 weeks, which would take us through to the end of July.

The Juniper Networks daily cycle bottoms on July 6^th and tops on July 16^th. All 13 daily buy signals have been profitable in the last year. The stock has risen in the month of July 61% of the time. The shares are likely to move closer to $29-$30.

Chart 1: Juniper Networks Daily Cycle

Chart 2: Juniper Networks Daily Graph

The M&T Bank daily cycle points up from the 8^th through the 19^th. All seven buy signals have made money in the last year. The weekly cycle bottoms on the 12^th and the monthly cycle turns up on the 5^th. July has brought rising prices 64% of the time, most of the strength occurring in the first half of the month. The stock is due to rise to $150 or higher.

Chart 3: M&T Bank Daily Cycle

Chart 4: M&T Bank Daily Graph 

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