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The next week is post-OPEX week (18th through the 22nd) which is close enough to the most bearish week in any year, September 19-26, up only 34% of the time. The histogram of the expected return for post-OPEX week is below. Only Friday has had a positive return since 1985. The bears are in control.
S&P 500 in Post-OPEX Week in November
This is a bearish week.
Cycles Research Investments LLC
AutoZone
AZO reports earnings before the Tuesday opening. Cycles suggest that the report will be met with selling. Here is why. First, we analyze the daily histogram for expected return in September. Note that the 19th through the 24th has been bearish. This analysis is supported by the dynamic weekly cycle which has peaked. All five sell signals in the last year have been profitable. The technical picture is weak; the relative strength hit a high last May. The shares are likely to fall to $2400 this week.
AutoZone September Daily Histogram
The 19th through the 24th has been a downer for this stock.
Cycles Research Investments LLC
AutoZone Weekly Cycle
This accurate weekly cycle has given a sell signal.
Betsy Lindsay is a tech writer and editor who loves to travel. She's the author of Rebel Planet Dispatch, a lifestyle magazine that covers everything from sports to books to education to tech.
She also writes about travel, and she's a big fan of road trips, especially in her favorite state: California.
