Sell Short Gilead Science And Juniper Networks

Photocredit: ASSOCIATED PRESS

The S&P monthly cycle is hitting a high and the S&P 500 has followed the cycle down. The low will likely be in the last week of the month. The monthly S&P cycle is presented below.

S&P 500 Monthly Cycle

Cycles point down through August.

Cycles Research Investments LLC

The technical readout supports the cycle downturn. The latest AAII readings show bulls rising from 31.7% to 38.4% over the last week. As the market declined, they became more bullish, which is the type of sentiment that is likely to extend the decline.

Gilead Sciences cycle projection shows a peak now. All of the ten weekly buy and sell signals in the last year have been successful. The lows at $62.0-$62.5 are likely to be tested.

Chart 1

This reliable cycle has hit a high.

Cycles Research Investments LLC

Chart 2

The stock is technically weak.

Cycles Research Investments LLC

The weekly price cycle of Juniper Networks is giving a sell signal. Nine of eleven sell signals have been profitable in the last year. The daily graph shows weak relative strength. The shares are likely to fall closer to the $24.5 price level.

Chart 3

This cycle has peaked.

Cycles Research Investments LLC

Chart 4

The stock is relatively weak versus the index.

Cycles Research Investments LLC

 

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