Stocks This Week: Buy MMM And Activision Blizzard

The monthly and weekly S&P cycles have bottomed. The 1-4-10 year cycles bottom in the first week of October. The current correction does not appear to be complete in terms of price but the cycles are bottoming.

Here are two more stock recommendations for the short term.

MMM is in a cycle buy phase. The daily cycle turns up on September 29 and tops on October 16^th. The last ten cycles have been profitable over the last year. The weekly cycle (67% profitable) and the monthly cycle (100% correct) are also rising. Seasonality is supportive of higher prices. MMM has risen in the month of October 63% of the time and has closed November higher in 78% of all cases. Over the near term, MMM will likely rise closer to $166-$167. By November, the share price will likely challenge the old $172-$173 high.  

Chart 1

Chart 2

Chart 3: MMM Seasonal Histogram

Blue: Average Percentage Change

Red: Probability of a rise on that day

Green: Expected Return (Product of the first 2)

Chart 4 shows that the daily Activision Blizzard cycle bottoms on the 28^th and tops on October 10^th. All nine buy signals have been profitable in the last year. The weekly and monthly cycles are both rising. The $82-$83 high is likely to be challenged.

Chart 4

Chart 5

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