• September 24, 2022

The Remarkable Janet Yellen

The economics profession continues to struggle with gender inequality, with data showing “the gender gap in economics is the largest of any academic discipline.” So what can we learn from a …

This Is How Technology Can Be Used For Good

In which way will technology be used for good? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. …

How To Buy Corporate Bonds At 5% Discounts And 10%+ Yields

Today we’re in a situation that looks a lot like 2016. And back then, some savvy contrarians tapped it to grab quick 62%+ returns. The same setup is back again—and so …

June has been a bearish month. This month is especially weak at this point in the election year cycle and in the decennial cycle. There are some stocks that are notable victims of this June swoon. Deere has fallen almost 70% of the time. Disney has dropped almost 65%, and Parker Hannifin has dropped over 70% of the time in months of June. Note that each of these stocks has been trading for over 40 years so the sample size is not small.

The trading recommendations are derived from the S&P 500 screen below. The first column is the seasonal rank for June. The second screen is that of the current relative strength. The third column is the combined rank. The table is inverted so that the weakest stocks are at the top.

S&P Screen

Stanley Black and Decker has dropped more than 60% of the time in June. The relative strength rating is weak and has in fact hit a new low in the past week. The monthly histogram reveals that June has been the second weakest month of the year. On a daily basis, the stock is overbought. Share price is due to move closer to $110.

Stanley Black and Decker Dai

ly Graph

Stanley and Black and Decker Monthly Histogram

Disney is due for a pullback. June is the second weakest month of the year. Share price is overbought, and relative strength has hit new lows. Over the last 42 years, the share price has fallen about 75% of the time from June 7th to September 25th. The stock could move closer to $105 over the near term and lower into autumn.

Disney Daily Graph

Disney Monthly Histogram


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