LPNEWS
Buy American Airlines and Apple this week. : The cycle support from last week has dissipated. However, the longer-term uptrend remains intact. On Wednesday, the S&P 500 broke out to the upside from short-term formations that project a price that exceeds the prior high. The next stop appears to be in the 3500 area. Seasonality is no longer as favorable and sentiment is less supportive but the trend remains bullish. The net result is likely to be a more gradual rise led by fewer stocks. American Air Line’s weekly cycle has hit a low. The cycle tops on September 12th.

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