Stocks This Week: Short Gilead Sciences And Buy Marriott International

The uptrend remains intact but Monday appears to be a down day. The upcoming week is options expiration week which typically has a bullish bias. This week in June, however, has not been as strong as it has been in other months. Expect a moderate rise.

Gilead Sciences is giving a sell signal for the coming week and is a suitable short sale. The weekly cycle peaks on the 20th, and the period from the 19th through the 21st has been seasonally weak. All five weekly sell signals have led to profits in the last year. Technically, daily momentum is over bought and relative strength has been falling. The stock is likely to drop to back closer to $62.5.

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The Marriott weekly price cycle bottoms on June 21st and tops on July 10th.  All five buy signals in the last year have been profitable. The shares are likely to rise closer to the old $140 high.

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