Stocks This Week: Buy Grinder And NVIDIA

The overall market is likely to fall in this post-OPEX week. The average low in any year is October 27^th, and that date is coming. Use this week to add to long holdings. It has been estimated that 60% of all S&P profits have been generated in the fourth quarter of any year.

Grinder runs social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities. The stock has traced out a rectangle formation in the $10-$13 range. Rectangles have proven to be very reliable technical formations, especially rectangular lows. Note that the monthly cycle points up into yearend. The $16-$17 area is a target.

Daily Grinder Chart

Monthly Grinder Cycle

NVIDIA
SPDR Dow Jones Industrial Average ETF Trust
is due to resume its uptrend. Over the last 25 years, the stock has risen 76% of the time in the month of November. From October 22^nd to yearend, the shares have appreciated by the same amount. This is the fifth highest percentage in the S&P 100. NVIDIA has the highest expected return, almost 16%, of any of the constituents in this index. This stock is rated number one for relative strength. The shares may not be as strong as they were earlier in the year, but NVIDIA is likely to be a leader into yearend. The $160 area is a reasonable objective.

NVDA Daily, Weekly, Monthly

NVDA Annual Cycle