Buy D.H Horton And Intuitive Surgical

The S&P is in both the bullish end-of-month and the holiday periods of bullish bias. The index gapped up on Friday and is likely to post further gains. The highly ranked stocks are over extended, but with the indices likely headed higher, risk may not be as high as it appears.

The relative strength/cycles screening method has been run on the NASDAQ
NDAQ
and all of the S&P markets. D.H Horton is ranked number two in the S&P 500 and number one in the list of the 100 highest free flow cash generators. The stock is over extended as are many, but this uptrend is not in doubt at the moment. The period May through July has been a strong seasonal influence. The monthly dynamic cycle does not peak until late in 2023. Price could reach $130-$135.

D.H. Horton Daily, Weekly, Monthly Graph

D.H. Horton Monthly Histogram

D.H. Horton Monthly Graph

Intuitive Surgical is ranked number one in the S&P 500 and holds second place in the NASDAQ 100. Relative strength is superior as we can see in the three-up graph below. In July, the stock has risen almost 70% of the time for an average gain of over 11% over the last 23 years. Technically, the stock is in a solid uptrend. Monthly momentum is not nearly overbought. These shares are likely to reach $375 by the end of July.

Intuitive Surgical

ISRG
-Daily, Weekly, Monthly

Intuitive Surgical Monthly Histogram

Intuitive Surgical Weekly Cycle