Tango-Tiger

Stocks This Week: Buy Chevron And KLA Instruments



The S&P 500 has traditionally been strong in April post-OPEX week. Monday has been down 61% of the time, but Tuesday through Thursday have been strong. Given the strong momentum, higher prices are likely. The S&P is likely to hit 4200-4300 by early May.

The Chevron daily cycle hits a low on the 18th, projecting higher prices for this coming week. April has been the strongest month for this stock, up 69.0% for an average gain of 3.4%. The daily cycle buy signals have been correct in all ten occurrences this year. In addition, the stock has been strong in April post-OPEX (options expiration) week especially late in the week. The stock may exceed $104.3, the prior high.

The daily KLA KLAC -1.6% cycle is bottoming and has been correct in all nine cases in the last year. April has been the 4th strongest month of the year, up 62.2% of the time for an average return of 3.9%. This stock has also been strong in post-OPEX week specially on Wednesday and Thursday. The $355 area is a logical target.

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